Startups like Royal, which helps musicians create and sell NFTs, could potentially upend predatory record deals and further shift power to artists and fans
Royal's Justin Blau and Paradigm's Fred Ehrsam on how selling royalties directly to fans could end predatory record deals Tweets: @broderick , @espiers , @caseynewton , @broderick , @hkanji , @beebimbop , @caseynewton , @fka_tabs , @katie_haun , and @armchairdude See also Mediagazer Tweets: Ryan Broderick / @broderick : @fka_tabs So other than the tax incentives for keeping cryptocurrency within the cryptocurrency ecosystem, I've found that the most common answers to the question of “why is this crypto” is just simply “because the blockchain is automated.” Elizabeth Spiers / @espiers : I guess no one remembers Bowie Bonds / David Pullman. (But it's blockchain, so I'm sure it's different!) https://twitter.com/... Casey Newton / @caseynewton : I did a deep dive on @3LAU's Royal and what it would mean if musical artists got to keep 80 percent of their earnings, rather than 20. Featuring some big thinking about the future of music + culture from Paradigm's @FEhrsam https://www.platformer.news/ ... https://twitter.com/... Ryan Broderick / @broderick : @fka_tabs Like if you cut through all the Web3 mumbo jumbo, blockchain technology is just a very easy way to automate a bunch of extremely basic community and/or moderation tasks that people, particularly finance bros with a libertarian bent, don't want or know how to do. Hussein Kanji / @hkanji : Blockchain searching for “problems” to solve https://www.platformer.news/ ... Paul Lee / @beebimbop : Not sure I've ever believed in an early stage concept as much as Royal. As a current tech PM, lawyer who worked for the SDNY's ASCAP judge, and former musician, this ticks all the boxes for me. Awesome stuff from 2 fellow @WUSTL alum @justindross @3LAU https://medium.com/... Casey Newton / @caseynewton : @broderick @fka_tabs Right. And today there's tons of friction (Ethereum sucks!) but presumably one day it might be fast and easy d NaNoRustMo / @fka_tabs : This @platformer report on Royal is interesting, but regrettably I once again have to ask the killjoy question: why do this on cryptocurrency? It's not a technical or legal necessity. But it plainly IS necessary, or why go through the hassle? https://www.platformer.news/ ... Kathryn Haun / @katie_haun : 1/ Today we're announcing an investment in @join_royal, a web3 platform I think has the promise to transform the music industry in a way that hasn't been possible until now. DJ @3LAU and @Opendoor cofounder @justindross are the perfect pair to do it. https://a16z.com/... Jonathan Wong / @armchairdude : The Ethereum blockchain in its current state is a great proving ground for Proof-of-Concepts like ConstitutionDAO, but far from being ready for mainstream adoption. https://www.techmeme.com/... See also Mediagazer