NFT Music – 5 collectibles ready to lead the industry
As technology advances, the way people enjoy music changes completely. NFTs have provided the perfect opportunity for event organizers and musicians to distribute their music in new ways.
The technology helps to streamline the process of organizing events and ensures that tickets can be easily authenticated. As a result, a handful of projects have already started implementing NFT technology into their events and platforms.
These pioneers are using collectibles to lead the NFT music industry in a whole new direction. Owning one of their collectibles grants exclusive rights and benefits to all holders.
Here are 5 NFT music collectibles that are ready to lead the industry.
5 NFTs for collectibles ready to lead the industry
- Cocky – An NFT lifestyle club that gives holders access to world-class music events.
- Audius – A web 3 streaming platform built for musicians
- RefractionDAO – A decentralized global creative community of artists, creators and fans
- Circus Maximus – A festival in Croatia created by a DAO
- Centaurify – A platform to streamline tickets, albums and collectibles
A closer look at the 5 collectible NFTs poised to lead the industry
Cocky
Cocky is an exclusive NFT lifestyle club ready to lead the industry forward in NFT music. Their NFT collection was created by the Parasol Group, with the main mission to completely change the definition of utility in the industry by giving all members access to real experiences.
The whole ethos of the project is to provide once-in-a-lifetime experiences to holders that money can’t buy – only ownership of their NFTs can.
All the events around Cocky will have a special focus on electronic music and they will be held in prestigious venues to provide an immersive, unparalleled experience for holders. They intend to host two in-person events annually, along with regular virtual events in the form of live broadcasts.
You must own one of the collectibles from the Cocky Can NFT collection to have a chance to access the events. The NFT collection consists of 10,000 Cocky Can NFTs with 51 different skin variants randomly assigned by minting.
Furthermore, each NFT will have a different colored cap, silver, gold or black, to differentiate between the different levels of benefits for the holders, which include:
- Subsidized transport to and from the event.
- Accommodation for the duration of the event.
- Additional invitations to bring guests.
- Bar tabs to enjoy the experience.
- Exclusive items.
There will also be one lucky holder of the “Cocky Black Can”, which will grant VIP benefits to the holder at all Cocky events in perpetuity.
One of the great features of the Cocky Can NFTs is their ability to display mutations. These mutations take the form of a stamp, similar to what you would get in your passport when you travel, every time an NFT holder attends one of the Cocky events or participates in the ecosystem. Over time, this brand new feature will make each Cocky Can NFT completely unique, and those that show the most mutations will be the most desirable.
As Cocky events are held in unconventional locations, ticket volume will depend entirely on venue capacity. Each event will pay special attention to the history, landscape and culture of the place – which makes the experience special and unique. Due to limited capacity, Cocky holders must quickly register their interest in participating in the events.
If a holder receives a ticket and is unable to participate, they have the option to sell it on the platform’s purpose-built secondary market. To add further benefit to NFT holders, only those with a Cocky token will be able to purchase tickets on the secondary marketplace.
Cocky has the vision to expand its ecosystem and community by hosting bigger and better events over time. Their ultimate goal is to increase the popularity of their events to a level where they can eventually open up ticket sales to the general public. However, the VVVIP benefits will still be reserved for Cocky Can holders only.
Overall, Cocky has created an amazing ecosystem to help lead the NFT music industry in a direction that allows it to thrive. By providing exclusive access to world-class music events, Cocky will become one of the pioneers in the NFT music sector. The NFTs are set to be minted at some point Q4 this yearso keep an eye out for the announcement on their social media handles.
VISIT COCKY TODAY
Audius – A web 3 streaming platform built for musicians
Audius is a web-3 streaming platform built for all musicians. It allows artists to create a fan base by sharing and publishing completed tracks for the world to hear.
The entire platform is a decentralized version of Spotify or Tidal, and it removes the middleman between artists and fans – allowing for a direct connection between them both.
Artists can upload their NFT collectibles as merchandise on the platform for their fans to purchase.
One of the great features of the platform is that fans can earn money by becoming a node that shares the music on the network. The platform is powered by its native token, AUDIO, distributed to artists and node operators. 90% of all revenue is given directly to the artists and 10 is then distributed to the nodes in the network.
The project was founded in 2018 after raising over $5 million in funding from venture capitalists such as General Catalyst, Lightspeed, Binance Labs and Pantera Capital. Furthermore, it has already managed to get the attention of some top celebrities such as;
- Deadmau5
- Katy Perry
- Nas
- Jason Derulo
- Steve Aoki
- SKRILLEX
- 3LAU
To keep the platform competitive, artists can upload their music in the highest quality available in 320kps audio files – rivaling the likes of Tidal.
Also, artists who actively participate in the ecosystem get paid more on the network. For example, artists who interact with their fans and have a higher engagement will receive more AUDIO tokens.
In addition, artists earn additional rewards if they reach the top of any of the following leaderboards;
- Top 5 Weekly Popular Tracks
- Top 5 Weekly Popular Playlists
- Top 10 Monthly API App
The platform is available as a web app or downloadable on iOS and Android devices so fans can listen to the music on the go.
RefractionDAO – A decentralized global creative community of artists, creators and fans.
RefractionDAO is a decentralized global creative community of artists, creators and fans that aims to revolutionize the underground music scene by putting the decisions in the hands of users.
The DAO will change how music events are organized in real life and in the open metaverse. Overall, the DAO will organize the following:
- Produce festivals and ongoing events
- Release NFT projects
- Create written, visual and audio content around art, culture and music.
The whole principle of RefractionDAO is to responsibly redistribute the upside revenue back to the musicians and creators while allowing for collective ownership between fans and artists.
One of the great things about RefractionDAO is that they require charitable participation as a requirement for every event. This means that The DAO will ensure that philanthropic efforts are part of everything they do.
The cornerstone of the project is the Refraction Festival, a month-long project that features musical performances and art installations around the world. The festival is on the chain, and the events take place in over ten cities on five continents throughout the open metaverse. There are also real-life performances in the same locations.
The first Refraction Festival took place in 2020 and saw over 500,000 virtual attendees. Unfortunately, this was at a time when most of the world was in lockdown, preventing them from hosting in-person events.
The festival is not the only event that RefractionDAO hosts. Many events are lined up in New York, Berlin, Sao Paulo and Vancouver.
All DAO members receive the following benefits;
- Access to Refraction events around the world
- Greenlist access to NFT drops
- Shared access to private groups
- The ability to receive $REFRACT tokens.
Overall, RefractionDAO is one of the NFT projects poised to lead the industry forward with a new type of organization.
Circus Maximus – A festival in Croatia created by a DAO
Circus Maximus is the first ever DAO-based electronic dance music festival held in Croatia. The project has hosted regular festivals in Croatia, but has recently moved into an NFT DAO-based organizational structure to allow NFT holders to have a say in the event’s organization.
Their festivals are held at Noa Beach Club in the Croatian resort of Novalja every August. This year the festival witnessed performances from Steve Aoki, Vize and Matroda.
A DAO is a decentralized autonomous organization that is not run by a single entity. Instead, all members of the DAO have the opportunity to cast their vote on proposals made by the community.
The team behind Circus Maximus are ready to grow with technology and allow festival goers to be part of the events they attend.
Members of DAO have access to vote on proposals for how the festival’s budget should be used.
The DAO will have the ability to make decisions such as:
- Venue location and dates
- The performers lined up to entertain
- How the budget is distributed for the event
- Ticket prices and volume for the festival
To become part of the DAO, members had to buy one of the tickets to the festival, which came in the form of an NFT. The tickets were issued using the ERC-1155 standard on the xDai blockchain. Interestingly, the team was able to introduce a feature that introduces dynamic pricing for the tickets using a Bezier binding curve in the code.
Overall, Circus Maximus absolutely leads the industry by allowing anyone to create their own festivals through a DAO-based membership system.
Centaurify – A platform to streamline tickets, albums and collectibles
Centaurify is all about empowering musicians. The platform aims to create a better experience for live concertgoers, while helping artists retain their freedom and unleash their creativity.
The platform is designed to allow artists to issue tickets, release albums and sell exclusive merchandise to fans.
Their NFTs are called AAA NFTs and they provide access to what Cetaurify calls the most exclusive web3 music community and social club.
The whole idea of the project is to allow event organizers to create concerts for artists and issue tickets on the blockchain in the form of NFTs. The technology will help organizers streamline the process of creating the event and distributing tickets to fans of the artists.
Because the tickets are issued on the blockchain, it will completely remove counterfeiting from the equation and NFT holders can be confident that their tickets are authentic.
Furthermore, the platform offers an entire marketplace for music lovers to purchase the exclusive NFTs released by their favorite artists. Users can resell their tickets on the marketplace and also purchase authenticated items.
The project was founded by Martin Bjerke and David Rootwelt-Norsberg and launched on the Cardano blockchain to streamline the music industry by providing an all-in-one platform for artists to release their music and sell their own tickets.
Overall, Centaurify has created a complete ecosystem where upcoming artists can release music, tickets and merchandise without giving away a large percentage of their revenue to third parties.
Conclusion
Overall, the NFTs for these five projects are poised to lead the industry forward and help organize events along with advanced technology.
In our opinion, Cocky is an outstanding project that will use NFT collectibles to push the boundaries of how holders experience events. Their events will bring electronic music lovers to prestigious venues and their collectibles will become highly sought after as the ecosystem matures. This pioneer is certainly poised to lead the industry forward.
VISIT COCKY TODAY
