NFTs
Are Music NFTs Dead? | Bankless
Sponsor: Uniswap Extension — Say goodbye to pop-ups. Download today.
CULTURAL NEWS
Yuga’s New Partnership
- 🪙 A bet on the Otherside bet. The creators of Bored Apes are joining forces with Pixel Vaultcreators of the onchain game BattlePlan and the rewards protocol Reboot, to bring skill-based betting to their Otherside metaverse and beyond.
- 💻 Non-fungible torrents. LimeWire has released a Limited Edition NFT Collection as part of Onchain Base’s summer festivities, with each mint containing redeemable products or music.
- 👾 Fren Pet Community Games. Popular pet game Base Fren Pet has made its assets public, leading to the first community-created game in the FP universe, Battle of the Pepes.
ANALYSIS
Are music NFTs dead?
The NFT market has been a bear market for NFTs, especially music NFTs.
This pessimistic atmosphere has sparked a debate this week about whether “music NFTs have failed.”
Sure, I think it’s safe to say that their vision failed in some ways. But in other ways, we’ve only just begun to dream of what music NFTs can be, and in that sense the future remains bright.
Let’s dive in and I’ll show you what I mean! 👇
FRIEND AND SPONSOR: UNISWAP EXTENSION
Say hello to the Uniswap ExtensionThe first wallet to live in your browser sidebar. Swap, sign, send, and receive crypto anywhere on the web without dealing with pop-ups. Designed for a multichain world, with support for 11+ networks. Download now on Chrome.
OPINION
5 Blockchain Music Projects You Should Know About
The move to the chain could create new revenue streams and connections for musicians and their fans, potentially breaking down the walled gardens built by Big Tech and the music industry status quo.
Indeed, while Big Tech feasts like vampires controlling our data, the music industry itself is often compared to a mafia, where success depends on pleasing the right people.
This is a ripe crossroads for disintermediation, which is why blockchain technology is so interesting here: it can eliminate middlemen, giving more power to artists. That said, what are some cool efforts to watch in this industry right now?
Let’s analyze 5 projects that try to innovate in this space and that you should have on your radar! 👇