Over the past year or so, I spent some time talking to people and thinking about how the application of blockchain/web3 principles could apply to music ownership. The following is one approach.
A thread…
@seaninsound There is definitely potential in the interconnected long tail of sample clearance and royalty splits, and it being on-chain, but this seems to be further down the road in terms of phasing for the adoption of this technology. And it gets very, very weedy.
@seaninsound If you imagine the @discogs marketplace of music fans being applied to a format with no need for condition ratings or physical postage, applied to instantly verified ownership of "limited" digital assets.
It's not if, it's when.
@seaninsound However, most people don't (nor should they) need to be part of publishing ownership, or involved in sample clearance etc. And the one-of-one model doesn't make a lot of sense from a consumer perspective.
@seaninsound I agree. A lot of this is pretty obvious.
The most important, and step with the biggest opportunity seems to be the most obvious: music ownership (at the consumer level).