Is Digital Scarcity Possible Part 1 - Technology | NFTs and Classical Music #4
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- Опубликовано: 6 сен 2024
- The fourth in a series on NFTs and Classical Music, and how we will be using them with Wagner's Nightmare.
This episode addresses some of the technological problems with digital scarcity and things musicians can do when designing NFTS to help protect digital scarcity.
RESOURCES FOR BUILDING A MINTING PAGE:
moralis.io/how...
www.udemy.com/...
www.suffescom....
ADDITIONAL RESOURCES for learning about NFTs and blockchain technology:
NFTs for Newbies (excellent podcast!): podcasts.apple....
Ledger Academy: www.ledger.com...
Our thesis: NFTs are the future of the recording industry, and musicians stand to make more money from NFTs than streaming. This is because NFTs introduce scarcity into the digital market place, decentralize distribution so that a handful of major streaming platforms do not have all the leverage over millions of un-organized musicians, and NFTs also solve some of the problems that consumers have with buying digital downloads, CDs, and Vinyl.
---------------------- 👍 SUBSCRIBE, LIKE, AND CLICK ON THAT 🔔 Check out our website to learn more about the project, listen to recordings, watch videos, read essays, and listen to our podcast. 📲 WEBSITE - www.wagnersnig... ---------------------- We're on social! 📲 INSTAGRAM - / wagnernight. . 📲 TWITTER - / wagnernightmare 📲 FACEBOOK - / wagnernightmare 📩 EMAIL US - colombatorsen@wagnersnightmare.com ---------------------- Wagner’s Nightmare is a cultural exploration and recording project led by Daniel Orsen (violist) and Pierre-Nicolas Colombat (pianist).
Daniel’s website: www.danielorse...
Pierre-Nicolas’s website: pierrenicolasco...
Branding and design: beckandstone.com/
The problem of downloading the original file used for minting the NFT is key. I believe piracy is part of human condition, but this makes it too easy, and sets this technology for abuse.
But, what if you could store your digital files in your own encrypted storage when minting your NFTs? Then, when buyers would buy an NFT, they would just have access immediate to the token (a small file), but not to the original high quality file. You could then provide the original high quality file for download only to those buyers who are aware of the use rights they are granted via a license (whatever they are: displaying/performing, or reproducing, or adapting/synchronizing)…? Intellectual Property management is paramount in NFTs if artists don’t want to looks their rights forever).
I believe the desktop music player solution you suggest is a very interesting middle ground that might be implemented by NFTs marketplaces in the future… Yet, Ip rights management needs to be addressed.
So, what if you could find a solution for your followers on your own website, something like P2P deals/downloads directly in your own studio using NFTs?