The music industry has always been a difficult one to break into. Artists have to spend years perfecting their craft and hope they’re lucky enough to be discovered by a record label.
However, the industry is changing with the rise of web3 music companies.
These companies are helping artists thrive by giving them more control over their songs and introducing new ways of sharing, buying, and collecting music.
The 6 Most Popular Web3 Music Companies
This audio streaming platform invites music artists, DJs, and producers to upload high-quality music for free. Several music lovers have joined the platform in anticipation of discovering new and exclusive music and sharing their favorite songs with friends to earn $AUDIO token rewards.
As a musician, whether signed to a label or not, you can share your songs in progress, upload completed tracks, build a fan base, and earn all in one place.
Built on the $MUSIC blockchain, this streaming platform enables people to create, consume, and distribute songs without a subscription or ad model. Users can listen to music tracks for free.
For musicians, Musicoin guarantees immediate payments via the in-platform token. This means you don’t have to worry about third parties. More importantly, you’ll get 100% of the streaming revenue!
This video music platform allows musicians to stream and mint their song videos as NFTs on the Ethereum blockchain. Music fans and NFT collectors can own these, leading to further monetization for the artists.
Once a user purchases a video, 80% of the profit goes to the creator, and the platform keeps the remaining.
4. Mint Songs
This music NFT marketplace is based on Polygon and Ethereum blockchain. It was designed to encourage music artists to turn their songs and album artworks into NFTs at no cost and sell them to their fans. You can also give them to the community for free if you like.
3LAU established this web3 music company to enable people to invest in their favorite music and share royalties with the artist.
As a musician, you can choose the percentage of royalties when listing a song for sale.
Reimagining digital music in the web3 space, Stage11 provides a platform for artists to create mixed reality performances to engage the audience and build a loyal fan base. It has collaborated with top names like David Guetta to turn its vision into reality.
Additionally, the platform is committed to helping musicians and brands carve their spaces in the ever-evolving AR and gaming metaverse spaces.
With the rise of web3 music companies, artists can now thrive and make a living off their music like never before. These platforms are changing how fans interact with and consume music while providing new opportunities for musicians to get their music out there.
Furthermore, blockchain technology ensuring artists get paid fairly (and quickly) for their work will help create a more sustainable music industry.
As it becomes increasingly important for forward-thinking artists to stay updated on the latest developments in the web3 music landscape, joining the platforms above can be a good first step.
Eric Dalius is The Executive Chairman of MuzicSwipe, a music and content discovery platform designed to maximize artist discovery and optimize fan relationships. Eric is also the host of weekly podcast “FULLSPEED” which is a podcast that features interviews with groundbreaking entrepreneurs from a variety of industries.Eric is also the founder of “Eric Dalius Foundation” where he has created 4 scholarships for US based students. Follow Eric on Twitter,Facebook,LinkedIn,Instagram & also on Entrepreneur.com