This Week in Music NFTs - March 28

Music NFTs trend on Twitter ahead of Diplo dropping on Royal and Sound starting Season Two.

Mar 28, 2022

Music NFTs.

The trending topic on Crypto Twitter has everyone wondering why.

Whether it’s Diplo announcing his first Music NFT drop, Sound starting Season Two or a growing secondary market - the writing is on the wall.

Collectors are enjoying their first major secondary sales, marking a full circle loop for early supporters.

Daniel Allan @imdanielallan

Today I did 10 ETH in secondary sales on @soundxyz_ What’s just as crazy is the last sale, which @deeganreeves sold for 3.3333 ETH ($10k) Deegan is an artist who was on 2 songs on Overstim - my NFT was his first transaction on Ethereum We love a full circle moment 🦋

Pioneers like RAC are demonstrating the power of Music NFTs - bringing a headline to a new demographic.

rac.eth @RAC

i've personally made 12.5 ETH (~39k) which is equivalent to 9.75 million plays on spotify so yes, 100 people generated more income than 9.75 million users. just gonna let that sink in.

But - it’s important to remember it’s not about the money.

We’re creating a new model for patronage, and many are wondering what it looks like.

𝚍𝚊𝚛𝚔𝚜𝚝𝚊𝚛 @jarroddicker

music NFTs aren't about listening to a song, it's a new relationship/mode similar to buying merch. why i think the energy on streaming is misguided. those are arenas to be discovered. NFTs are built on top or outside of that. but being accessible is still v important to artists.

There’s an ongoing search for the early blue chip musicians, and the fact that question is still being answered is a great sign that we’re still early.

I’ll be breaking it down during talks at NFT LA on Wednesday afternoon, and on a panel at the Collector & Creator Club on Friday afternoon.

If you’re in LA - come through!

In the meantime, here’s where to look this week.

Upcoming Drops

Artist: Diplo

Platform: Royal

Date: March 29th, 3:00 PST

Mint Price(s): $99, $999, $9,999

Total NFTs: 2110

Explore

Artist: Vic Mensa

Platform: Sound

Date: March 29th, 2:00 PST

Mint Price: 0.1 ETH

Total NFTs: 55

Explore

Freshly Minted

Artist: Maelstrom

Platform: Sound

Date: March 24th

Mint Price: 0.1 ETH

Total NFTs: 150

Explore

Artist Spotlight - Peter Saputo

LA-based singer-songwriter Peter Saputo is making his Sound debut this week - marking his first major release on a curated Music NFT platform.

As a community favorite, Peter worked his way into the mix by being at just about every Music NFT event ever. He performed at a Good Karma Records Showcase and flew to SXSW for just one night to be a part of the Sound Series event with Alexander23.

petersaputo.eth @pjsaputo

web3 has absolutely changed my life and we’re just getting started wtf

Peter’s sound is a blend of Charlie Puth, Alec Benjamin and John Mayer. He’s a major supporter of the local music scene in LA, and an active member in the Hearts community.

While waiting to be accepted to Catalog or Sound, Peter didn’t let it slow him down. He sold two 1/1 Music NFTs on Zora, and is ready to take his talent to the next level.

Peter is a shining example of a talented artist with a driven passion, and I personally couldn’t be more excited to collect his Sound drop “Wishing” on March 31st.