This Week in Music NFTs - May 23

Music NFT summer is here. Does anyone care?

Music NFT summer is here.

Viral moments are being tokenized.

Independent artists are pushing boundaries.

The writing is on the wall - but one question remains.

Does anyone care?

In the wake of a wider market cool off, the general sentiment within the Music NFT community has been a blend of excitement and anxiety.

Sure - music projects are expanding their reach and shooting for the stars. Behind closed doors, every operator is losing sleep wondering - how the hell do we get people to buy Music NFTs?

DegenDaVinci @DegenDaVinci

(125) Music NFTs. I've quickly become one of the largest Music NFT investors in the world. Here's why I believe the sector will 100x in under a year 🔽

From this collector’s perspective, the recipe is starting to make sense:

• Mainstream adoption is a ways away. Focus on word of mouth and the strength of individual relationships.

• The days of making a million dollars in 24 hours are gone. Price as conservatively as possible and focus on the secondary market.

• The Music NFT community is a breed of its own. Treat it as such.

The phrase “Music NFT” has never been more top of mind.

Still - that doesn’t mean people take it seriously. Collectors are curious, but they aren’t over the hump.

It’s our job to help change that.

And here’s how.

Featured Drop - Crypto Boy

Salem Ilese is set to debut a viral moment for Music NFTs with the debut of “Crypto Boy” on Sound.xyz tomorrow afternoon.

salem ilese @salemilese

guess what !! i’m dropping Crypto ₿oy on @soundxyz_ on may 24th at 2pm pt 🤗 i’ll be releasing 1973 editions at 0.1 ETH each and donating 100% of the proceeds to The Center for Reproductive Rights with original artwork by @pussyrrriot sound.xyz/salemilese/cry…

sound.xyzsalem ilese - Crypto Boy“Crypto ₿oy” is a wake-up call for all the chart-watchers, candle-counters, and JPEG-flippers that find a way to bring crypto into any conversation, no matter w...

The rising popstar broke into web3 when a TikTok of hers went viral on Crypto Twitter last week.

Since then - the team paired up with Pussy Riot to create the artwork for what is sure to be the sector’s most prolific moment to date.

With a symbolic node to Roe v. Wade, Salem is donating 100% of the proceeds to The Center for Reproductive Rights.

After performing the song live at Veecon this weekend, Salem is set to show the world what the CEOs of being unemployed are collecting in a bear market.

salem ilese @salemilese

.@veecon last night with @nadyariot was too fun !! “crypto boy” NFT drops tuesday, all proceeds going to @ReproRights 💞🐶

Upcoming Drops

1. Salem Ilese - Crypto Boy

2. Kaien Cruz x Somehoodlum - Back in Time

3. Beauty School Dropout - Assassin

4. MNDSGN - Cosmowagon

5. Escape Plan - Jungle

6. MONDAY! - Koodos

Freshly Minted

1. RŌHKI - Desperado

2. The Chainsmokers - So Far So Good

3. SMLE - Bouquet

4. Oshi - Black Eyes

5. Whethan - Midnight

6. Bloody White - Disgust

Top Stories

Audius Debuts Music NFT Playlists

Audius enables Music NFT playlists on the leading web3 streaming application.

Audius 🎧 @AudiusProject

Music NFT Playlists are now available on Audius. 🎧🔥 Starting today, you can listen to and showcase all your Ethereum and Solana music NFTs in a single auto-generated playlist directly from the Audius platform!

Medallion Announces $9M Seed Round

The tokenized fanclub platform announces a strategic seed round.

M E D A L L I O N @medallionfm

THE ARTIST x FAN CONNECTION IS BROKEN — at Medallion we’re building web3 technology to mend this fracture and unlock a new standard of ownership, participation, and creative freedom for the next era of artists. medallion.fm ↓↓↓

medallion.fmMedallionMedallion is web3 technology that helps artists launch digital worlds to expand fan participation, actionable insights, and economic potential.

Zora Releases NFT Editions

The public NFT tooling protocol allows creators to release editions.

ZORA @ourZORA

Introducing the first contract type available on ZORA’s creator toolkit. ~ Editions ~ Bring your imagination. We’ll cover the rest. ↳create.zora.co

Future Tape Releases Mobile App

The Music NFT player releases its first mobile version.

Future Tape @future_tape

excited to announce the first version of Future Tape in the App Store!

apps.apple.com‎Future Tape‎Future Tape is an experimental player for tracks on the Catalog, Sound and Nina platforms. Listen to the latest tracks, explore charts, and search through all the releases.

Mysterious Showcases Music NFT Festival

The Music Video NFT platform gears up to debut a new platform launching this week.

MYSTERIOUS @mysterious_xyz

come vibe with us ✨ a web3 music festival celebrating the mysteries of life drops at mysterious.xyz @ctress_a @AlamKhan415 @aya_yco @dillonwork @CosminTRG @DeejayEarl_ @kliscoverdale @LaurelHalo @_LOTIC @cyndisound @mndsgn @mountkimbie @prefuse73 @__SHIGETO @teebsio

Bonus Reads

DegenDaVinci - (125) Music NFTs

Business Insider - Everything You Need to Know About Music NFTs

Mat Dryhurst - Spotify Narrative Shift

Daniel Allen - Lessons Learned Along the Way

a16z - State of Crypto

Reo Cragun - Light Show Debut

Music Business Worldwide - Venice NFT Member Community

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This Week in Music NFTs is curated by Coopahtroopa. To stay up with the movement and submit your work to be featured, follow me on Twitter!