The economics of music are broken.
Only .1% of artists today make a living off streaming platforms.
@soundxyz_ is a web3 music company working to change that by letting artists retain value via music NFTs.
Summary of Music Without the Middlemen for @scribeDAO✍️
@ddwchen agree. and culture is one of the hardest things in the world to get right. whoever is good at building culture will be able to name their price.
there’s a reason this looks a lot like Fortnite: gaming understands crypto more than any other industry because digital ownership is already normalized. Big things to come as these worlds collide.
Some big news to share today: Yuga has acquired the CryptoPunks and Meebits collections from @LarvaLabs, and the first thing we’re doing is giving full commercial rights to the NFT holders. Just like we did for BAYC and MAYC owners.
if your DAO leaders are anon and AUM is high, you are in the high rugability quadrant.
great framework on risk + governance in DAOs from @okdunc
https://t.co/K518ZEjz8n
you have been warned.
We've made DAOs too complicated.
Start small.
Don't start with a token.
Don't do anything web3.
Figure out what the community wants.
Really listen to them.
Apply DAO elements only when absolutely necessary.
Fewer debates, more action.
Just DAO it.
not all DAOs need to be forever DAOs.
in fact, one of the unique value props of DAOs is the ability to rapidly spin up (and spin down) organized work to accomplish a specific goal.
DAO ephemerality can be a good thing.