In order to figure out the NFT music platform, we have experienced more than ten products

What is the difference between buying music on the NFT platform and paying members of NetEase Cloud?

Original title: Web 3.0 study notes second phase: the most comprehensive NFT music platform evaluation

I have seen enough pictures like PFP, NFT, and chain games of crash edge testing, so it’s better to learn something new.

If you continue to pay attention to the first-line funds and the mainstream market, you will find that many music NFT platforms have been born recently, and you will see more and more tens of millions of traffic. Why do first-tier funds and mainstream markets choose to bet on music NFT? “A little bit” analysis of the Web3.0 learning team:

1. The problem of market size

According to the 22nd annual report of Artprice, a subsidiary of Artmarket, the total turnover of the global art market in 2019 (I’m sorry that there is no latest data, but there has been no obvious change in the past two years) is 13.3 billion U.S. dollars; and today’s on the chain NFT’s sales can also reach hundreds of millions of dollars a week.

According to the “2020 Global Game Market Report” released by Newzoo: In 2020, the global game market will reach a market size of US$174.9 billion;

According to the “Global Music Report 2020” released by the International Association of the Phonographic Industry (IFPI), the global recorded music market (only the scale of the recording market music) has a total revenue of 21.6 billion U.S. dollars. When the art market and the game market explode and grow on the chain; it is inevitable that “NFT” and “Web3.0” will burn to the music industry.

2. The music industry may be more suitable for NFT than many industries

The two biggest dividends in the blockchain market today are technology dividends and capital dividends; what is lacking is high-quality content productivity and creativity, as well as a broader traffic market.

And the music industry that has matured to a monopoly is facing an absurd scenario under the “broadcast economy”: there is a gap that has been established since the end of the 19th century between the big record companies that have made progress and the complaining musicians. This century-old dilemma, from music scores to vinyl to Internet Web2.0, has not been resolved.

Record companies control copyright, and Internet companies control the distribution of traffic; even top musicians do not have the right to price their own music; and after music has become a mass consumer product and copyright business, music that is forced to be “free” has also lost its scarcity.

What the top musicians want is “really own traffic”, and regain control of fans in their own hands. The “Fan-Power” model is naturally compatible with blockchain technology and NFT. It is the head The reason why musicians are scrambling to grab a spot.

Long-tail musicians also need more “platforms for value discovery” rather than centralized choices. When Spotifi’s music broadcasts can only receive 3 cents at a time, 650,000 times a month can create a trend of $15; when the Web2.0 world even needs to line up for 8 months to produce vinyl, Web3.0 and NFT Naturally, it becomes the best “self-help plan” for new musicians.

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

3. Trend

Well, it’s the trend. Embrace the trend dividend and don’t resist.

Be first, be smarter.

Evaluation of 13 NFT Music Platforms

But what is the difference between listening to music on the NFT music platform and NetEase Cloud? Welcome to the second issue of the Web3.0 study notes series: “NFT Music Platform Evaluation”.

There are currently more than 50 different music NFT platforms on the market. Almost all of these platforms were launched in 2021, of which more than 30 were launched in the past two months alone. We screened out 13 major platforms and made an experience, enjoy ~

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

One, OneOf

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Website vision: pure black simple style

Introduction: A green NFT music platform based on the Tezos blockchain. Five levels of ONEOF, DIAMOND, PLATIUM, GOLD, and GREEN can be selected when the works are on sale. Each level has different rights and interests.

Financing: Completed a seed round of $63 million. Participants include environmental activist Bill Tai, Nima Capital’s Suna Said, Sangha Capital, technology investor Jack Herrick, Tezos Foundation, etc.

Musicians settled in: Support multiple music genres, current artists include Doja Cat, John Legend, Alesso and The Kid LAROI.

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Easy to use index: 5 stars

  1. Zero-cost issuance: Artists who issue NFTs on their platforms can experience free casting. Low-price or free NFTs are allowed. Fans can trade their NFTs on the platform’s secondary market. At the same time, they allow the use of credit cards or loans in more than 135 legal currencies. Use debit cards and cryptocurrencies and stablecoins to buy NFTs.
  2. Green and environmental protection: The energy used to cast NFT on its platform through the Tezos blockchain is “2 million times less than other networks such as Ethereum”.

Recommendation index: 5 stars

Two, Royal

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Website visual style: black and blue simple style, testing stage

Introduction: Royal is an NFT-like music platform, launched this year by the well-known American DJ and producer Justin “3LAU” Blau, to help artists create and sell NFTs, and fans can get royalties by investing in artists’ works in return.

Financing: In August 2021, a seed round of 16 million dollars was completed. Paradigm and Founders Fund invested in this round of investment of 7 million dollars respectively. The general partners of the two parties, Fred Ehrsam and Keith Rabois, joined Royal’s board of directors. Royal co-founder JD Ross invested US$1 million through his venture capital agency Atomic, and the remaining US$1 million was funded by several angel investors.

A new round of US$55 million in financing was completed in November, with participation of a16z, Coinbase Ventures, Paradigm, The Chainsmokers, Nas, Logic&Kygo and others.

Musicians settled in: 3LAU released the world’s first NFT music album in March, earning more than 11.68 million U.S. dollars in 24 hours.

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Easy to use index: 5 stars

Users can buy song shares and then earn royalties from the music they invest in. It is up to the artist to decide how much of the work’s royalty share is reserved for fans, and how many “official versions” are cast for a song. For example, if there are 100 “official versions” of a song, supporters can get 0.5% of the song’s royalties.

Recommendation index: 5 stars

Three, Rocki

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Website vision: black and red, testing stage

Introduction: ROCKI is a music streaming service and digital payment ecosystem, with ROCKS tokens as a platform for incentives.

Musicians settled in: There are currently more than 800 music NFT distributions and transactions.

Easy to use index: 4 stars

ROCKI has launched two unique music NFTs, an ERC721 royalty income NFT and an ERC1155 listening right music NFT. At the same time, there are columns that echo users’ habits such as “Top Music Rankings” and “New Songs Release”.

For music listeners, you can create playlists on the platform, post comments and feedback, and host social events to get ROCKS, which can be used to listen to paid music on the platform. Creators can use ROCKS tokens. Download specific songs, study skills, NFT generation, etc.

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Recommendation index: 3 stars

Fourth, Audius

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Website visual style: trendy style

Introduction: Audius is a decentralized music sharing and streaming protocol, the platform token AUDIO

Financing: In July 2021, it announced a strategic financing of US$3.1 million. Multicoin Capital and Blockchange Ventures led the investment, and Pantera Capital and Coinbase Ventures participated in the investment.

Announced in September that it has completed 5 million US dollars in financing. Investors include artists such as Katy Perry, The Chainsmokers, Nas, Jason Derulo, Pusha T, Mark Gillespie, as well as former Sony Music CEO Martin Bandier, investment company K5 Global Michael Kives CEO, and performance rights organization SESAC CEO John Josephson.

Musicians settled in: At present, Audius has reached 6 million monthly actives, with more than 100,000 track resources and more than 1 million playback content. Collaboration has been reached with top artists such as deadmau5, 3LAU, and RAC.

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Easy to use index: 3 stars

The entry barrier is high. Participating musicians and users must hold at least 100 Audio tokens to have a Silver Tier account and be eligible to use the Collectibles function.

Music creators can issue music NFTs to obtain revenue. At the same time, different distribution channels have been set up to help creators earn profits through streaming media, personal track purchases, artist memberships, record collections and other channels. At the same time, Audius will provide 90% of the income of listening to original music artists to creators, and the rest will be rewarded to node operators, and the top five artists with weekly broadcasts will also receive token rewards.

Users pledge AUDIO to protect the platform, and in return receive network fees, governance weights, and unlock artist tokens, badges and other functional services.

Recommendation index: 3 stars

Five, VoiceStreet

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Website vision: multiple lines, with game attributes

Introduction: Voice Street is an NFT platform that focuses on music copyright, intellectual property (IP) derivatives and music-based GameFi.

Financing: In December 2021, it was announced that it had completed a US$3.5 million institutional round of financing. Institutions participating in this financing include Huobi Ventures, Dragon Roark, Shima capital, Lucid Blue Venture, RedLine Dao, AU21 Capital, Caballeros Capital, Halvings capital, TMT capital, Hotbit Labs, Founder of NEO, Founder of LABS Group, Chinapolka, Dota World Champion, BullPerks, Crypto VN, BMW capital.

Musicians settled in:

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Easy to use index: 3 stars

Voice Street’s design includes NFT copyright pledge mechanism, multi-genre music NFT hairstyle mechanism, and NFT pledge mechanism. NFT asset owners entrust NFT assets with copyright rights to Voice Street for management and operation through pledge. Voice Street assigns copyright Operating income after deducting operating costs is returned to the pledge pool to maximize the value of NFT copyright and the rights and interests of NFT owners.

Ways to profit on the Voice Street platform are:

  • IP-NFT works issuance income
  • 盲盒、拍卖、IP 资产包发行等方式的收入;
  • 平台交易费、音�?IP 类版权交易流收入�?/span>
  • IP运营收入、音�?IP 类版权运营、潜在音乐人支持收入�?/span>

推荐指数�? 颗星

六�?span style=”font-size: medium;”>Mint Songs

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

网站视觉:神秘风,测试版

简介:旨在帮助创作者跳过平台和中间商,直接掌握所有权。同时其产品可以帮音乐艺术家培养活跃�?Web3 社区�?/span>

融资�?021 �?12 月宣布获�?300 万美元种子轮融资,此轮融资由 Castle Island VC 领投,Coinbase Ventures、North Island Ventures、Freestyle VC、IOSGVentures �?Gramatik 参投,前一轮融资的投资者包�?AAF Management、Goodwater Capital、East West Ventures、Michael Lazerow (Velvet Sea VC 管理合伙人)和Ian Simon(Strangeloop Studios CEO)�?/span>

入驻音乐人:

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

好用指数�? 颗星

音乐传作者能够将自己的创意资产转化为 NFT,并在这里出售和赠送给他们的社区。Mint Songs 可以零成本将歌曲(音�?+ 专辑插图)转换为环保�?NFT,用户可以这里展示他们的音乐 NFT 收藏�?/span>

推荐指数�? 颗星

七�?span style=”font-size: medium;”>Token||Traxx

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

网站视觉:黑红色系,流行音乐�?/span>

简介:Token||Traxx 是一�?NFT 平台,由音乐人为音乐社区构建。它为您提供了一种全新的方式来创作、策划和收集音乐�?/span>

融资:未披露

好用指数�? 颗星

Token||Traxx 平台将允许音乐的创作者、策展人和收藏家通过制作 NFT 获得利润�?/span>

推荐指数�? 颗星

八�?span style=”font-size: medium;”>Melos Studio

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

网站视觉:黑色系简约风

Introduction: Web 3.0 music NFT platform adopts DAO governance, enabling creators to get inspiration through NFT DNA Tree. Melos Studio has established a GitHub music creation process, which also serves as a social connection method for musicians and fans to communicate and share music.

Financing: Dapper Labs, Innovion, NGC Ventures and Multichain Capital participated in the previous rounds of financing for Melos Studio.

Musicians settled in:

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Easy to use index: 5 stars

The creator’s NFT can be edited and re-created unlimited times, and each creation can be profitable through contributions, and the producer who has contributed to the NFT can get dividends for each transaction.

Recommendation index: 5 stars

Nine, Genius

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Website vision: white simple style

Introduction: Genius is a music NFT market platform

Financing: In June 2021, it announced the completion of a seed round of 4 million US dollars. Dapper Labs CEO Roham Gharegozlou led the investment, and Mark Cuban, actor Ashton Kutcher and Morgan Creek founder Anthony Pompliano participated in the investment.

Easy to use index: 3 stars

Information and videos about NFT music can be found here. Make profits by making NFT works.

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Recommendation index: 2 stars

10. Nina Agreement for Music NFT Project

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Introduction: In June 2021, the Nina protocol, a music NFT project built on Solana and stored by Arweave, announced Litepaper, and the token economy will be launched soon.

Easy to use index: 5 stars

The low-latency transaction speed of the Solana blockchain makes the speed of publishing, buying and selling music comparable to existing centralized services. Artists only need to pay less than $0.30 for SOL to release 1,000,000+ albums.

Recommendation index: 5 stars

11. NFT music platform The HUSL

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Website vision: black simple style

Introduction: NFT music platform,

Token: HUSL

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Easy to use index: 4 stars

Users can pledge their tokens on the platform to earn “packages”, exchange for NFT on the platform, and can vote for new music, participate in competitions, and get invitations to exclusive events.

Recommendation index: 4 stars

12. Generate music NFT project EulerBeats

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Website Vision: Black Series

Introduction: EulerBeats is a Polygon-based NFT music and art project featuring art and audio generated by algorithms.

Financing: Eulerbeats development team Treum.io was founded in 2016 and has received investment from ConsenSys.

Easy to use index: 5 stars

The most distinctive of Eulerbeats is the royalty and economic model. It is possible to re-engrave and cast a new version. In addition to bringing income to the owner of the original disk, it may also benefit the person who re-engraves the new version. 8% of the income from the casting of the new version goes to the original owner.

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

(The above is the work of our company winny sister)

Recommendation index: 5 stars

13. Sound.xyz

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Web 3.0 study notes second phase: the most complete NFT music platform evaluation

Website Vision: Pixel Style

Introduction: Every song on the website can be listened to for free, but each song is limited to 25 editions, which means that only 25 people can buy it for collection.

Financing: Pioneer music startup Sound.xyz raised US$5 million in a seed round in December 2021. Investors include a16z, Variant Fund, Atelier Ventures, a small number of crypto angel investors and artists, such as Holly Herndon, 21 Savage, and DJ Drama.

Easy to use index: 5 stars

Here only buyers can comment on the song and it can be seen by everyone. This means a unique exclusive right to the buyer who owns this NFT.

Learning experience in the second period:

From the perspective of a consumer, when I decided to buy this NFT, I focused more on the different feelings or experiences in my life after the purchase. And if the purchase is only blindly repetitive content, apart from the technology itself, there is no great innovation.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/in-order-to-figure-out-the-nft-music-platform-we-have-experienced-more-than-ten-products/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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