gm music fans.
Here’s everything you need to know in Web3 music this week.
1. Snoop Dogg drops an open edition
Surprise! Snoop Dogg just dropped an open edition on Sound.xyz. It’s open for 3 days at $8 each.
So far it sold 5,000 and counting.
If it hits 42,000, Snoop has promised to give away one of his vintage cars to the golden egg winner.
2. 3LAU drops 10 minute open edition
DJ, producer and founder of Royal, 3LAU also jumped into the open edition frenzy, selling 269 editions of “Shine” — a previously unreleased beat — in 10 minutes.
“There is no utility. It’s just a song.”
3. Instruments on-chain?
Dr. Slurp dropped these beautiful on-chain instruments called Wind Tunnels.
Unlike most music nfts (which point to files on an external server), the Wind Tunnels are 100% on-chain. The music and images are synthesized in real-time on the blockchain.
It sold out 1010 editions overnight.
4. Virtual superstars sign to giant talent agency
Metaverse record label Hume and its roster of virtual artists have signed to CAA — one of the world’s biggest talent agencies.
CAA has been very active in the Web3 space, signing deals with Daniel Allan and Cool Cats.
Hume has raised more than $11 million and recently acquired Blocktones — a generative music project.
5. Nifty Music opts for healthier drop strategy?
Nifty Music is a Web3 music accelerator launching artists like Violetta Zironi and Rae Isla, with over $1 million in sales volume.
Now they’re experimenting with a new concept called “Floor Drops.” It will price all NFTs at 0.01 ETH, taking the pressure off artists to maintain a high floor price, and allowing the secondary market to determine the true value.
The first drop comes from Fifi Rong — an avant pop artist.
6. Builders keep building
The major platforms in the space continue to innovate through the bear market:
NFT platform and toolkit Decent.xyz announced ‘rentables’ — a new way to lease your NFTs to other people for a set time period.
Web3 live streaming platform the 402 rolls out ‘creator portal’ and ‘stats’ showing how many NFTs artists have sold during live streams. X&ND is currently top.
Music NFT aggregator Spinamp rolls out a host of new improvements.
Thanks for reading!
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