Web3 Music Isn't Working
summary
Claims that consumer Web3 music fails because of capital scarcity, a massive data/rights mess, and bad branding; the NFT boom helped briefly during lockdown but didn’t scale. One project grew to 8 million monthly active users by launching in the pandemic, yet distribution still relies on XML files on SFTP buckets and emailed passwords. Practical fixes proposed: stop selling “Web3” and build useful products, create plug-and-play data ingestion for labels, and focus on niche fan experiences that actually work.
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chapters (13)
- 0:00Intro
- 0:50Why Web3 isnt working
- 3:25Making Web3 a nobrainer
- 4:35Cryptofriendly music
- 5:15Build cool things
- 5:34Web3 is an asterisk
- 6:00Is it a lost cause
- 7:38Backend products and infrastructure
- 9:17What artists want
- 9:52Everything is fans
- 11:00Buckets of music products
- 11:24Data platforms
- 12:15Future of Web3 music