NFTs Will Change The Music Business More Than Spotify Did

[killhamster]

Another corporation that believes crypto is as useful and 'energy positive' as city buses: VISA.
How can we avoid blockchain technology when it's powering that flat plastic thing already in our wallet?

https://usa.visa.com/solutions/crypto.html

[bxbrkrz]

The Stash Box
Each B.O.D.R. Stash Box contains 1 of 17 tracks from his new album. These music NFTs are your access to a superfan club: they unlock rewards, future drops from the Doggfather, in-game utility and the ability to listen and earn rewards.

https://music.gala.world/


Snoop is helping polar bears becoming better long-distance swimmers. Bless his heart.

[jam-s]

Also on the web3:

[...]
“I purchased something legally and fairly within the terms of their platform and contract,” Ethmuppet said via Twitter DM. “They then decided to censor the person that minted it for sale, and have made my purchase worthless.”
Over the course of a week, OpenSea has become an unwitting character in an investigation the Department of Justice called its “largest financial seize ever.” Tuesday morning, the DOJ revealed that Morgan and her partner, Ilya Lichtenstein, may have laundered hot crypto through NFT purchases. Their OpenSea accounts went down hours later, BuzzFeed News reported.
[...]

SNS

[dvdrtldg]

Mostly I just don't get it. Everyone's getting all excited about it and all I see is another way to buy and sell shit. Which I find boring in the real world. I consider myself an unwilling/begrudging participant in capitalism at the best of the times so STONKS and speculating and investing and yields and the blockchain and decentralised wtf ever literally bores me to tears. Supposedly there are opportunities for it work for artists...somehow? But like, I don't want to sell ownership of my shit. I just want people to enjoy it. Also - yeah I'm about to throw shade - but I've seen very little in the way of actual meaningful art emerge from the NFT scene so far. Anyone that's taken even a brief interest in digital art or 3D modelling recognises an asset flip when they see it. All I see is crypto and NFT bros creaming their pants under pictures of Buzz Lightyear's face clumsily grafted onto a giant robot body, making weird in jokes and flexing that they know crypto jargon and honestly, it just makes me want to die. Steve Vai sold a video of his guitar. Not the guitar. Not a chance to own or even touch the guitar. Just a video about the guitar. Perks include: a high res version of the video. VR, Web3, the metaverse, the limitless bounds of human imagination and...this is what I'm supposed to get excited about?

Hard pass. I'll continue to live as an ignorant fossil with my Web2 job and my old-world money, and hopefully die at some far point in the future with a life well lived, rather than a digital wallet full of Monkey JPEGs.

I'm in an awful mood today, can ya tell?

This is basically me. I'm just repelled by the whole NFT universe. It's as bad for the environment - possibly worse, by some measures - as cryptocurrency. A single ETH transaction uses roughly the same amount of power as the average EU citizen uses in four days. And somehow we're supposed to just be fine with this, because Hey bro there's money to be made

[wendylou]

As an experiment, I did sell one of my song masters as an NFT, and I made more on that one sale than all my prior Apple Music sales combined. To clarify, you aren't selling the copyright or ownership of a song. I simply offered an NFT linked to e.g. a 44K/16 bit master that I stored or "pinned" on Pinata IPFS (InterPlanetary File System). That same song is available on Apple Music & Spotify in streaming format, and I still collect that sales revenue. However, the NFT owner was the only one who got a master quality of the song. That is what they bought.

I believe the use case of NFT music is especially valid for independant musicians and artists, because sales go entirely to the creator, and with any subsequent resale, a portion goes to the artist each time it is sold. Yes, many are taking advantage of the gold rush by selling questionable art as exorbitant investments, but the immutable blockchain still has valid use cases for sales and tracking and record keeping. After the NFT craze-phase subsides, hopfully well see more legitimate use cases.

I do agree that what is currently passing as NFT "art" is mind-boggling... I'm shocked that people are willing to pay thousands for i.e. 1of 200 8-bit "bored ape" art. Sadly, the vast open sea of NFT sales seems to be such 8-bit and 3D animations.

[avasopht]

As an experiment, I did sell one of my song masters as an NFT, and I made more on that one sale than all my prior Apple Music sales combined. To clarify, you aren't selling the copyright or ownership of a song. I simply offered an NFT linked to e.g. a 44K/16 bit master that I stored or "pinned" on Pinata IPFS (InterPlanetary File System). That same song is available on Apple Music & Spotify in streaming format, and I still collect that sales revenue. However, the NFT owner was the only one who got a master quality of the song. That is what they bought.

I believe the use case of NFT music is especially valid for independant musicians and artists, because sales go entirely to the creator, and with any subsequent resale, a portion goes to the artist each time it is sold. Yes, many are taking advantage of the gold rush by selling questionable art as exorbitant investments, but the immutable blockchain still has valid use cases for sales and tracking and record keeping. After the NFT craze-phase subsides, hopfully well see more legitimate use cases.

I do agree that what is currently passing as NFT "art" is mind-boggling... I'm shocked that people are willing to pay thousands for i.e. 1of 200 8-bit "bored ape" art. Sadly, the vast open sea of NFT sales seems to be such 8-bit and 3D animations.

That's great, but nothing that couldn't be done without NFT.

It'll take me the better part of 10 minutes to add a Stripe or Paypal Buy-Now button on your website or blog to sell the master directly to one customer.

There's nothing essential about the technology ATM.

That's not to say there will never be a practical application for the blockchain, but you could just as easily achieve everything NFTs do with a single website or service running on a secure platform with a little redundancy baked in. I suppose distribution can act as a security aid as well as prevent DDOS attacks.

[DaveyG]

In the news today:

https://www.bbc.co.uk/news/business-60369879

[jam-s]

NFT in a nutshell:

[avasopht]

These are facts only

NFT in a nutshell:

[bxbrkrz]

Pre-orders of Samsung’s New Galaxy S22 Smartphone to Come With NFTs

The launch of Samsung’s flagship devices is accompanied by a commemorative NFT from Theta Network for consumers who pre-ordered in South Korea.



Here's one way to max leverage publicity around the launch of your keystone product: Throw in an NFT.

And that's just what Samsung has done, at least for consumers in South Korea. In partnership with crypto project Theta Labs, the electronics company will dole out commemorative non-fungible tokens (NFTs) to people who have pre-ordered either the Galaxy S22 smartphone or the new Tablet S8.

The NFTs reportedly come equipped with "ongoing membership benefits and privileges," according to CEO and co-founder of Theta Labs, Mitch Liu. A Theta spokesperson could not share further details with Decrypt as to what these benefits would be, however.

https://decrypt.co/92880/pre-orders-sam ... -come-nfts

[killhamster]

I didn't think I needed another reason not to buy an android phone but here they are with one for me anyway.

[orthodox]

I didn't think I needed another reason not to buy an android phone but here they are with one for me anyway.

It doesn't have anything to do with glorious Android, or even Samsung. Take it as a useless souvenir enclosed in the box, something like a kinder surprise or a pokemon.

[avasopht]

https://www.hotnewhiphop.com/snoop-dogg ... 49018.html -- IGNORE ... misleading titile

Snoop Dogg wants to plug into the NFT hype ....

[PhillipOrdonez]

Article says that it is nothing but speculation, though, Avasopht.

[avasopht]

Article says that it is nothing but speculation, though, Avasopht.

My bad.

[bxbrkrz]

As you can see below, actress Brie Larson, who is no stranger to controversy, is promoting her interest in NFTs and the Metaverse with a new video featuring the “some·place” mobile application. The application allows users to purchase and display their NFT collections, while also interacting with other users via real-time multiplayer. This is demonstrated in the video Brie Larson shared.

Welcome to my lil corner of the
@some_place
metaverse. Can’t wait to welcome you all in soon 🤍
@brielarson



Ultimately, digital technology and its various landscapes will continue to change and evolve with time. So whether people are canceled or not, we’re going to have to see these types of changes take place. Especially as the technology needed to build and support a legitimate Metaverse comes into fruition. With virtual reality and social media the way it is, we’re basically there already. So perhaps when Brie Larson says she’ll welcome us all soon, she isn’t exactly wrong.

In the meantime, fans will soon get to see the actress in the Marvel Cinematic Universe yet again for both Ms. Marvel and The Marvels.

https://www.screengeek.net/2022/03/19/b ... -backlash/

[orthodox]

With virtual reality and social media the way it is, we’re basically there already.

I don't know where they're basically at, I'm still basically sitting in my chair with popcorn watching all that madness.

[PhillipOrdonez]

🤮

[bxbrkrz]

With virtual reality and social media the way it is, we’re basically there already.

I don't know where they're basically at, I'm still basically sitting in my chair with popcorn watching all that madness.

Yep!

[orthodox]

🤮

Whatever, I just like funk in whatever form.

[bxbrkrz]

Cartamundi and Warner Bros. Consumer Products Launch DC Hybrid Physical and NFT Trading Cards
First cards to feature Warner Bros. Pictures' all-new film 'The Batman'
New fan engagement platform, Hro, combines the digital and physical world and provides a unique entry point for DC fans, crypto enthusiasts and trading card collectors

"Cartamundi is excited to partner with Warner Bros. Consumer Products to bring a new breakthrough hybrid physical and digital fan engagement platform and solution, Hro, to market," said Stefaan Merckx, CEO of Cartamundi. "As a company, we're committed to bringing our partners and fans global unprecedented experiences and innovative solutions."

Beginning with the first DC-based hybrid NFT trading cards, Hro will give fans the opportunity to own a physical trading card with an NFT component, bringing blockchain technology together with physical in-store presence for the first time. Using NFTs minted on Immutable X, an Ethereum-based carbon-neutral Layer2 blockchain, DC Hybrid Trading Cards by Hro will hit shelves and digital wallets in March 2022, with additional and limited-edition content coming throughout the year.

https://cosmicbook.news/batman-dc-comic ... ding-cards

----------------------------------------------------------

[jam-s]

I suppose this was not yet posted here:

[bxbrkrz]

I suppose this was not yet posted here:

Yes, it was.
Fri Feb 04, 2022 11:09 am

[jam-s]

Yes, it was.
Fri Feb 04, 2022 11:09 am

Oops missed it. Still a good watch.

[bxbrkrz]

Still a fun thread

Meta Exploring Non-Blockchain-Based Virtual Currency: Report

The company’s plans for NFT features on Facebook and Instagram also continue to advance.


Meta Platforms (FB), Facebook's parent company, has put together preliminary plans to release virtual coins, tokens and lending services on its apps, according to the Financial Times.

Meta Financial Technologies has been exploring the creation of a virtual currency for the metaverse, or “Zuck Bucks” as it’s being referred to by company employees, the FT reported, citing several people familiar with the matter.

The latest move comes not long after the company’s ill-fated move into cryptocurrency. What was left of Meta’s Libra/Diem stablecoin project was sold to Silvergate Bank earlier this year. The FT reported that Meta doesn’t envision a blockchain-based digital currency, but in-app tokens that are centrally controlled by the company.

The planning reportedly remains in early stages, and the project could be dropped or altered, or both, according to the FT. Meta is also said to be exploring a move into traditional financial services, such as small business lending.

Efforts at integrating non-fungible tokens (NFTs) into Facebook and Instagram are more developed, the report said. According to an internal memo, Instagram will soon support NFTs and there are plans for a mid-May pilot launch for posting NFTs on Facebook.
A Meta company spokesperson told CoinDesk it didn’t have new plans to share at this time.

“We continuously consider new product innovations for people, businesses and creators. As a company, we are focused on building for the metaverse and that includes what payments and financial services might look like,” the spokesperson said.

https://www.coindesk.com/business/2022/ ... rrency-ft/