Since NFTs made an explosion in early 2021, we’ve seen a myriad of innovative and creative works from generative art to 10k pfp projects to music NFTs.
Now, for (almost) the first time ever, you’ll be able to own a podcast episode as an NFT.
On Tuesday, July 26, 2022, you can purchase any of the 17 podcast episodes from Season 2 of Rehash: A Web3 Podcast as an NFT. Each purchase gives you ownership of the episode, as well as governance rights in Rehash DAO (more on that below).
https://twitter.com/evabeylin/status/1364636214008061952?s=20&t=dgRtIZCppWyNwV7osVuBVA
Limited editions (audio only) will be available for 0.1 ETH each, and 1/1s (audio + video) will be available for 1 ETH each.
Proceeds from the sale will be split between Rehash DAO, the host (Diana Chen), the producers (Tyler & Ellie), and the podcast guests.
Why ownership?
One of the biggest unlocks of web3 is ownership – and for creators, this means creative ownership over their own work.
Rather than giving centralized entities like YouTube, Spotify, and Instagram ownership over their content, data, and community, creators can now take ownership into their own hands.
NFTs enable creators to cut out the middleman (i.e. YouTube, Spotify, etc), which has historically taken advantage of creators without providing an equal amount of value, and receive support directly from their fans and community.
https://twitter.com/cdixon/status/1425645850672308225?s=21&t=ztkF8AarU9jNrmARSww3HA
In exchange, creators can offer their fans and community members perks that make them feel more like co-owners than mere fans. For example, a creator might allow their NFT holding fans to decide the types of content they produce next, their future tour locations, or any other decisions – whether big or small – that they might need to make.
This results in more money in the pockets of creators, happier fans, and stronger communities – a win-win for all.
Governance rights
For Rehash, collecting one of our podcast NFTs means you get to help us decide next season’s guests and make big decisions around the future of the larger Rehash DAO (which tentatively includes a web3 content agency structured as a service DAO).
After our Season 2 NFT sale, we’ll start a Season 3 guest nomination process followed by a voting period. During the nomination period, all NFT holders will have the opportunity to nominate any guest of their choosing who they think will be a good fit for the podcast. You can see last season’s nominees here.
https://twitter.com/rehashweb3/status/1521895392887017472?s=20&t=vbCw22QpiSq-B5FRAoe87A
Once the nomination period closes, holders of Podcaster NFTs, blue Collector NFTs (airdropped to anyone who purchases a 1/1 podcast NFT), and podcast guest NFTs (airdropped to S2 podcast guests) will have the opportunity to cast their votes for their top picks.
For Season 2, we had 41 guest nominations, 18 voted onto the podcast, and 16* who ultimately ended up coming onto the podcast.
*The 17th guest was our top backer of our Mirror crowdfund, which gave them the right to come on the podcast as a guest.
NFT sale mechanics
On Tuesday, July 26, 2022, we’ll be releasing all 17 of our Season 2 episodes as NFTs on Zora Opensea.
[UPDATE: Unfortunately Zora does not support ERC-1155s, so we’ll be using Opensea for this season’s drop.]
Here’s a list of our Season 2 guests:
- S2 E1: Matt Gould (Unstoppable Domains)
- S2 E2: Gary Sheng (Dream DAO)
- S2 E3: Dayo Adeosun (Glass Protocol)
- S2 E4: Spencer Graham (DAOhaus)
- S2 E5: Kseniya & Nichanan (Meta Gamma Delta DAO)
- S2 E6: Katherine Wu (Archetype)
- S2 E7: Caryn Tan (Clarity; Crypto, Culture & Society)
- S2 E8: Scott Moore (Gitcoin)
- S2 E9: Ale Borda (Fifty Years)
- S2 E10: Christina Beltramini (Aave, Lens)
- S2 E11: Stefen Deleveaux (Govrn; Caribbean Blockchain Alliance)
- S2 E12: Deana Burke & Natasha Hoskins (Boys Club)
- S2 E13: Brenner Spear (Metagame)
- S2 E14: Richerd (Manifold)
- S2 E15: Anastasia Uglova (Lighthouse)
- S2 E16: Nick DeWilde (Invisible College)
- S2 E17: LATASHÁ (Zora/topia)
Each episode will be available as a limited edition (10/10) for 0.1 ETH each or a 1/1 for 1 ETH each.
Limited edition
Limited edition podcast NFTs include the audio of the podcast episode and a white collector NFT. The white collector NFT allows holders to nominate guests for the podcast but not vote for which guests ultimately get invited on.
There are 10 limited editions of each episode from Season 2. Each limited edition costs 0.1 ETH, and 15% of the proceeds will go to the guest(s) featured on that episode.
1/1
1/1 podcast NFTs include the audio and video of the podcast episode and a blue collector NFT. The blue collector NFT allows holders to nominate and vote on guests for the podcast.
There is a 1/1 podcast NFT available for each episode from Season 2. Each 1/1 costs 1 ETH, and 15% of proceeds will go to the guest(s) featured on that episode.
Splits
Proceeds from the sale will be split as follows:
- 35% to Podcast Host (Diana)
- 35% to Producers (Tyler & Ellie)
- 15% to Guest
- 15% to Rehash DAO Treasury
- Note: Diana, Tyler, and Ellie will deduct the amount they’ve already taken from the treasury for their work this season from the total amount.
It’s important to us that podcast guests receive a portion of any sale revenue generated because they are a crucial part of the content creation process.
Podcast guest NFTs
We also trust that guests who were voted onto this season are well equipped to help us make decisions on future seasons, so we also plan to airdrop all podcast guests a Podcast Guest NFT, which will give podcast guests nomination + voting rights on future seasons of the podcast.
Join us on Tuesday, July 26 to own one of the first podcast NFTs and secure your governance rights before our next guest nomination period starting the week of August 1.