Despite the most trying market conditions Music NFTs have seen to date - the sector continues to trek ahead.
We saw the largest Music NFT secondary sale (20 ETH) on Sound to date.
Grimez gave a nod to AI music and onchain royalties.
Sound, Showtime, Spinamp and Zora all shipped new product experiences for collectors.
Illenium offered a digital vinyl for his new album in partnership with Medallion.
But it's far from sunshine and rainbows in web3 music.
Cuts are being made across the board as projects try to find the silver lining.
And though we understand that desperate times call for desperate measures, we strongly believe conducting such business should always be done with respect.
We must remain mindful not to recreate the systems we sought to improve upon.
There is no room for misogyny or any kind of prejudice in web3. And we do not condone it. The misogynistic and disrespectful behavior demonstrated by members of the Dreams Never Die team during recent community calls is unacceptable and does not align with our values.
Our hope is to build a safer, more inclusive and empowering space, and use recent events as a learning lesson to do better.
This week highlighted the importance of cultivating community and culture as we weather the storm together.
This one goes out to those showing up everyday. To those fighting for a better future and to those giving their best to making that a reality.
Here’s what happened this week.
Weekly Podcast
Invest in Music is powered by NFT Now.
We had Annika Rose on to talk about the virtual world she’s creating with Nvak. We discuss everything from her experience being signed up to a major record label before she was fifteen to being a fan of Hayley Williams.
Listen and collect here.
Top Stories
Spotlights
Bonus Reads
Thank you to our sponsor Sound.
Sound is a leading market to discover amazing new music and prove that you were there first.
Start collecting on Sound today at sound.xyz.
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