Snoop Dogg is theoretically making stonks, but there is plenty of other news from the world of music NFTs today.
Start with Rcrdshp, the startup whose NFTs based on electronic music culture have been selling like hot cakes. It is launching Rcrdshp Studio, described as “a makerspace for music experiences in web3” that aims to help artists collaborate with their fans on inventive NFT projects. It has kicked off with dance duo Disco Fries, who got fans involved (via voting) in a recording session, then turned the results into an NFT – complete with a ‘closing party’ for the drop on Twitch and YouTube tomorrow (17 February).
Meanwhile, another electronic-music project comes from DJenerates, which has partnered with NFTs firm Moonwalk to launch its own wallet for upcoming drops, merch sales and physical / virtual events. Carl Cox, Paul Oakenfold and Benny Benassi are among the dance luminaries backing DJenerates.
Meanwhile, in more news on web3 startups beginning with ‘de’, a startup called Dequency is launching what it claims to be “the world’s first Web3 music synchronization licensing marketplace”. It’s hoping to carve out a particular niche helping people to license music for audio-visual NFTs, games and metaverse projects, and has raised $4.5m in funding to get started.