Music On-Chain: 5 Projects Revolutionizing the Industry
The music industry is ripe for disruption. Traditional models, dominated by Big Tech and record labels, often leave artists with a small share of the profits. Blockchain technology, however, offers a path towards a more equitable and decentralized future for musicians. By moving on-chain, artists can explore new revenue streams, forge deeper connections with fans, and gain more control over their careers.
Projects to Watch:
- Audius: This decentralized streaming service lets artists share exclusive music and monetize directly with fans. It’s built on both Ethereum and Solana and allows developers to build apps on top of its unique audio catalog. https://audius.co/
- FamFam: A platform built on Base, Party, and Zora, FamFam fosters music communities. Think on-chain record labels, fan clubs, or music collectives. Members can collectively fund creative projects, like live events or music releases, and benefit from a shared pool of funds. https://famfam.xyz/
- Oscillator: Oscillator aims to create a unified data layer for music apps. This enables artists to own their audience data and take it across platforms. It also paves the way for more interconnected music experiences for fans. https://oscillator.xyz/
- Songcamp: Built on the Zora protocol, Songcamp focuses on commenting and collecting music NFTs. Its Audiato feature allows artists to easily mint and share music on Base, creating a seamless experience for both musicians and fans. https://songcamp.xyz/
- Sound: A platform and protocol for music NFTs, Sound lets artists debut new music as uniquely numbered NFTs, granting fans early access and exclusive perks. It offers customizable mint formats, end-to-end royalties, and supports drops across multiple blockchains. https://sound.xyz/
These projects are just the tip of the iceberg. As blockchain technology continues to mature, we can expect to see even more innovative solutions emerging in the music industry, empowering artists and changing the way we experience music.
