NFT Music, Web3 News: in thanks to Water & Music • Spinnin’ + Tiesto • Tapeheads • a KYLE Opulous MFT update
The diversity and depth of the work that the Water & Music DAO continue to amaze. Cherie Hu is the impressive face of the organization, but there are also dozens of other active members who dig deeper into how NFTs, DOAs, metaverse, and all things web3 are reshaping the music industry.
Water & Music is the only group I know that consistently does the difficult and time-consuming work of in-depth interviews, surveys, and more to really understand not just what to pay attention to, but why.
If you don’t have both signed up for their free newsletter and started supporting them as a paying member tWhen you basically say you’re joining the Web3 music revolution blindfolded and wearing earplugs.
Tiesto + Spinnin’ Records
In the latest example of an NFT-as-a-fan club, Spinnin’ Records launched DJ Tiësto’s first NFT project, and the $100 animated NFT gifs sold out immediately.
Each includes VIP perks, including immediate access to unreleased Tiësto music and many more future freebies.
Tape Heads, Vinyl Heads, and NFT Disc Heads
TapeHeads is building a community of 10,000 music fans who collect tapes.
Holders of the TapeHead token can “help establish a musical metaverse, a world of virtual reality, with their unique TapeHead” for an initial offering of 0.03 ETH ($57.00).
The first 2,500 token holders also receive a limited-edition TapeHeads avatar for the Sandbox metaverse.
ProtoHeads will produce three distinct NFT collections: Tape Heads, Vinyl Heads, and Record Heads each with their own set of exclusive benefits. VinylHeads and DiscHeads will also have a restricted number of tokens.
KYLE + Opulent MFT
Since going live last week, KYLE and Opulous’s MFT (Music Fungible Token) full album sale has reached its first goal of over $150,000,
Fans will own one of the first SEC-compliant full-album MFTs. With a minimum investment of $200, MFT has currently raised nearly $165,000 from 300 fans/investors.
Opulous’ previous MFT releases featuring artists Lil Pump and Ard Adz both sold out within hours of going live
Upon release, KYLE’s It’s Not So Bad reached the Spotify Charts Top 10 Debut Albums with over 7 million streams in its first week. As It’s Not So Bad has already been released, investors will immediately start earning a portion of the album’s music royalty revenue with KYLE, earning money every time one of his songs is played on streaming platforms. like Spotify, Apple Music and even Tik Tok.
“I wanted to release a full MFT album with Opulous so my fans and I could get closer to a pattern of success as a unit, redefining success together,” KYLE explains. “Sharing this experience with fans and maybe even friends and family is a precious thing. I don’t think anything can match the feeling as we cross the finish line together.
Bruce Houghton is founder and publisher of Hypebot and MusicThinkTank and is senior adviser to Bandsintown which acquired both publications in 2019. He is the founder and president of Skyline Artists Agency and a professor at Berklee College Of Music.