What is Web3 Music
Web3 music is a term that refers to the use of blockchain technology and decentralized platforms to create, distribute, and consume music. Web3 music aims to empower artists and fans by giving them more control, transparency, and ownership over their music and data. Some of the benefits of Web3 music include:
- Artists can receive direct and fair payments from their listeners through smart contracts, without intermediaries or fees.
- Artists can create and sell non-fungible tokens (NFTs) of their music, which are unique digital assets that can represent songs, albums, artwork, or other forms of creative expression.
- Fans can support their favorite artists by streaming, collecting, or trading their music NFTs, and enjoy exclusive access to content and experiences in the metaverse.
- Fans can also participate in the governance and curation of Web3 music platforms, and earn rewards for their contributions.
There are several Web3 music platforms that are already operating or in development, such as:
- Audius: A decentralized music streaming protocol that allows artists to upload and share their music for free, and earn crypto from their streams. Audius also has a native token called AUDIO, which is used for governance and staking1.
- NFT Now: A guide to the best NFT streaming and music marketplaces that showcases various platforms where artists can create and sell their music NFTs, and fans can discover and collect them2.
- Even: A Web3 music platform that uses blockchain technology to track and distribute royalties to artists and rights holders. Even also has a native token called EVEN, which is used for payments and rewards3.
- Oohlala: A Web3 music platform that helps musicians create and mint music NFTs on various blockchains, such as Ethereum, Binance Smart Chain, Polygon, etc. Oohlala also provides a beginner’s guide for musicians to Web34.
These are just some examples of how Web3 music is transforming the music industry and creating new opportunities for artists and fans. If you are interested in learning more about Web3 music, you can check out the links I provided or search for more information on Bing.
About Dwight Miller
With a dynamic career spanning the realms of technology and music, I've established myself as a pioneering entrepreneur at the intersection of innovation and creativity.
Beginning in the computer industry, I honed my skills as a computer engineer and educator, notably training engineers at Cape Canaveral and immersing myself in the cutting-edge world of technology. Transitioning to the music industry, I co-founded PKB Arts & Entertainment, producing iconic events such as the St. Lucia Jazz Festival and collaborating with legendary artists including Carlos Santana, Luther Vandross, and Patti Labelle.
Amidst the challenges of the pandemic, I delved into blockchain technology, aiming to revolutionize the music industry by empowering musicians through Web3 technology. My vision is to create a more equitable and sustainable music ecosystem, where artists thrive and technology serves as a catalyst for positive change. As I continue to navigate the ever-evolving landscape of entrepreneurship, I remain committed to driving progress and leaving a lasting impact on both industries.