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Ep. 57: Investing in the Next Generation of Music w/ Cooopahtroopa and Blockchain Brett.
We talk music NFTs and Web3 with Cooopahtroopa and Blockchain Brett.
A music NFT is a unique digital asset that lives on the blockchain, and can be bought and sold. Where a regular NFT is typically just a visual asset, a music NFT has a musical component as well as a visual one.
The investor role is one that typically belongs to record labels, which historically has led to deals that often do not favor the artist.
Music NFTs can be bought and sold on websites such as Opensea or Nifty Gateway. New sites like Catalog and Sound XYZ, are marketplaces solely for a special kind of music NFT called an LDA, or limited digital asset. The goal of an LDA is to allow artists to share royalty rights with their fans, choosing a percentage of their choice, and encouraging rights holders to share and remix the music that they own.
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By Belle NFTsWe talk music NFTs and Web3 with Cooopahtroopa and Blockchain Brett.
A music NFT is a unique digital asset that lives on the blockchain, and can be bought and sold. Where a regular NFT is typically just a visual asset, a music NFT has a musical component as well as a visual one.
The investor role is one that typically belongs to record labels, which historically has led to deals that often do not favor the artist.
Music NFTs can be bought and sold on websites such as Opensea or Nifty Gateway. New sites like Catalog and Sound XYZ, are marketplaces solely for a special kind of music NFT called an LDA, or limited digital asset. The goal of an LDA is to allow artists to share royalty rights with their fans, choosing a percentage of their choice, and encouraging rights holders to share and remix the music that they own.