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- 🪙 A bet on Otherside betting. The Bored Apes creators are joining forces with Pixel Vault, builders of the onchain BattlePlan game and the Reboot rewards protocol, to bring skill-based wagering to its Otherside metaverse and beyond.
- 💻 Non-Fungible Torrents. LimeWire released a limited-edition NFT collection as part of Base's Onchain Summer festivities, with each mint containing redeemable merch or music.
- 👾 Fren Pet community games. The popular
Base pet game Fren Pet made its assets public, leading to the first community-built game in the FP universe, Battle of the Pepes.
It's been a tough bear market for NFTs, particularly for music NFTs.
This bearish atmosphere sparked debate this week around whether "music NFTs have failed."
Sure, I do think it's safe to say that a certain vision of them has failed. Yet in other ways, we've only just begun to dream what music NFTs can be, and in that sense the future remains bright.
Let's dive in, and I'll show you what I mean! 👇
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Moving onchain can create new forms of revenue and connections for musicians and their fans, potentially breaking down the walled gardens built by Big Tech and the music industry’s status quo.
Indeed, while Big Tech feasts like a vampire by controlling our data, the music industry itself is often likened to a mafia, where success depends on pleasing the right people.
This is a crossroads ripe for disintermediation, which is why blockchain tech is so interesting here: it can eliminate middlemen, giving more power to the artists. That said, what are some cool efforts to watch in this sector right now?
Let's walk through 5 projects attempting to innovate in this space that you should have on your radar! 👇
