This Week in Music NFTs - Feb 27th
Navigating the bear market. ETH Denver Music NFT Kickback. Spotify enters the ring.
Pressures of the bear market are setting in.
Music NFT sales slowed as artists and collectors try and find the balance.
Collectors have vocalized a strained environment due to a lack of secondary sales while artists have vocalized a desire to mitigate all Music NFTs being listed for 0.01 ETH.
While there’s no one right answer - this dynamic is the cornerstone of a maturing market.
What is the “standard” supply and price for a Music NFT?
Should there even be a standard?
Collectors have a finite amount of ETH.
Artists deserve to price their work however they see fit.
Keep a close eye on how the meta evolves in the coming weeks.
Separately - Spotify dipped their toes into web3 by debuting token-gated playlists.
While it’s a long way from a “collect” button - this is a huge win for the space and demonstrates that serious players are figuring out how to get involved.
Lastly - ETH Denver is this week.
Coop Records is partnering with Sound, Spinamp and LNRZ to host a Music NFT Kickback.
With sets from Daniel Allan, Bloody White, Dot, Clear Eyes and Eva Myra May - this is not one you want to miss!
RSVP here and we’ll see you on Saturday night!
Here’s what to watch this week.
Upcoming Drops
Freshly Minted
Listen to Freshly Minted on Spinamp
Top Stories
Spotify Teases Token-Gated Playlists with Kingship
Spotify debuts a new feature in partnership with Kingship
NFT Now Announces Now Pass
NFT Now details it’s forthcoming Now Pass in Paris
Songcamp Celebrates HB100
Songcamp hosts its 100 consecutive weekly call
Aly Recaps SWEETS 2
SWEETS 2 comes to an end with a full recap
ETH Denver Music NFT Kickback
Coop Records announces a Music NFT event at ETH Denver with Sound, Spinamp and LNRZ.
Spinamp Integrates Arpeggi
Spinamp adds support for Arpeggi
Angelbaby Presave The Otherside on Showtime
Angelbaby parnters with Showtime for a presave giveaway for The Otherside
Bonus Reads
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Disclosure: I am an investor in NFT Now, Songcamp, Arpeggi, Showtime and the Hume Collective. I have also collected most of the songs mentioned in Freshly Minted.