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Wtf are NFT's and why should musicians care about them??
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- Опубликовано: 21 дек 2021
- In this video I will sort of explain what i've recently learned about NFT's and the whole Web3 Music space. This is not financial advice and I barely know what I am talking about lol. The point of this video is to just give you all my perspective on how Music NFT's can change the music industry.
Check out my first NFT and follow me on Foundation to see what im up to - foundation.app...
Here's a good video on how to actually create NFT's - • Make Your Own NFTs (No...
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This was a chill breakdown of how artists can utilize the NFT space. Like many, I have a very limited understanding, but your explanation was a comfortable introduction to the possibilities.
I love how conversational this was as opposed to just throwing facts at us the listeners and trying to sell us some course you have the seemed very genuine great Content
Love this breakdown - the music industry could change forever for the better. A super exciting time for musicians!
I was very skeptical about NFT's as well, but now that I have watched your simplistic explanation, I'm pretty interested now. Thanks for the video L.Dre 🤘
Just came across your channel when googling NFT's for musicians. Great explanation and thanks for all the tips. I've followed your channel and will definitely take on board all your advice and get involved, it's sounds exciting.
#NFTgang 🦅🦅
damn you're here too?
I came in here to spot check your explanation 😂😂😂 you did something I hadn’t seen which is probably due to my angle (a techie/dev first who makes music) …. But you broke down the *application* of it. You are spot on about supporting the artist! So many of these cats who are poo pooing them are low key dissing their own fans…people who otherwise really would ride for them if they get off their high horses! Props to you for getting it bro
Thats why I put so many disclaimers lmao thanks G
@@LDreTheGiant LOL it’s a good and needed perspective
Thank you for the information in the video - You helped me to take NFTs more seriously! Best!
I really loved so much your explanation about NFT. I do consider launching a song using NFT. Thank you for the information bro!
Yo Dre congratulations on the success of your first NFT. This is just the begining. Keep going. We are living in the 21st Century doing something mean to it. Salute.
NTF LMAO
What?? Learn how to spell
Great explanation for the non technical people. Congrats on selling your NFT 💎. I have a feeling Lofi Guy is gonna be huge.
honestly im still pretty out of the space, i just feel like it's alot and yea i am a bit ignorant too about change and stuff but thanks for helping mold my limited understanding more. maybe one day ill make a change similar to yours into the space for better.
Ayooo dre, Damn Bro thanks alot for that chill explanation my mans. I feel like hella inspired to go out and start learn even more! Big up yourself hella helpfull vid 🙏🔥
For real. Lol I be on Twitter on the nft spaces just listening. This was that step one I really needed . I feel ya on that
Brilliantly done my man. This is exactly why i came back to the music game. I knew this was coming back in the Limewire / Napster days. Bet and this is the next gen to make money as an Indepentant producer real talk.
bruh you be helping me out so much , its like whatever video see im getting prepared like class is in session thank you !
Good break down bro. And congratulations on jumping into the space and making something of it so quickly. Lofi Guy is going to be a great asset for you. 💯
One way to think about the value of NFTs is: which is more valuable: a poster of your favorite musician or a poster that is signed by the artist? The poster itself isn't what's most valuable, it's the signature. And in NFTs the signature also can easily act as an access ticket to almost endless applications and possibilities in both the digital and physical world.
Loving web3 LDre! So happy to see you diving in, excited to see what kind of innovative ideas you bring to the space 🤘🏽
Such a great video. So easily explained. Love it!
Peace&happinesses brotha, this video is useful to me because I am a music producer n I make beats n I’ve be interested in getting into NFTs and watching this video makes me want to get into it more. Glad o came across this one✊🏾
NFTs
Never
Felt
The touch of a woman
💀💀💀💀💀💀💀💀
???
to be fair my gf hates when I talk about NFT's lol but when one of my NFT's pay for a trip to Italy I dont think it'll be an issue 😂
This is definitely something to look into. It's almost like going to the music store and buying CDs & vinyls except digitized.
Ouuuu Lofi Guy bout to blow up!! WAGMI ⚡⚡⚡⚡
Really appreciate this really laid back explanation of NFT's for musicians. I'll be sharing this in some Discord servers of other artists navigating the space as well :) Look into Mint Songs and Catalog if you're wanting to mint some music in the future :)
Ayy good to see you here Jonny! Thanks for sharing this in the Mint Songs Discord, spreading that knowledge and opportunity ✊🏽
@@sagradothesound Hey! Absolutely! It's important that good education is shared, and L. Dre made such a great, laid back explanation of NFT's it felt needed to share! :) Also subbed to your channel!
Unfortunately, selling future royalties in an NFT may constitute an unregistered securities offering and get you in big trouble with the SEC. You don't want to do that without talking to lawyers.
The good news is, your fans want to support you without treating it like an investment. They do it for social clout, to be a member of your tribe, etc. Super fans will spend a LOT of money on that stuff. Ask the Twitch streamers who have fans get into tipping bidding wars to be on a leaderboard for the night.
In other words, you don't have to get in trouble with the SEC to sell NFTs.
This made more sense than all the other vids.
Nfts are the wave. Been collecting for the past two months and it really brings back that feeling of being a kid and having a binder full of yugioh and pokemon cards that you love
True, once you start buying them you dont wanna stop lol
Good comparison.
My guy, you wrote NTF in the thumbnail
No fucking way 🤣🤣🤣
@@LDreTheGiant damn
@@LDreTheGiant Rookie mistakes ;)
Such a dope video bro and thanks for this discussion
Very easy to absorb 🙏🏾Trying to find my space as an audio visual artist I. This changing space.
Smooth & informative
Thanks man- I needed this lol
Xceptional
🙏🏾
NFTs as a technology is great concept, but right now there's definitely a bubble, and many shaddy projects.
But once the bubble pops and the market corrects itself , it's gonna create a new pathway for artists to monitise their work.
Everyone should look into educate themselves instead of dismissing it as a scam.
True and to add to that, why not just make some money for your music before the bubble pops 🤷🏽♂️
Its a modern day Pyramid scheme - Bernie Madoff scam at its finest.. People are just too stupid to call it what it is or are allowing themselves to told a scam is not a scam... We are NOT entering the matrix - none of this crypto or NFT are backed by real world assets and they are only guarantees by the developer, which means you have ZERO recourse when the bubbles pop - you are not insured by any entity that can provide you relief - the guarantors can just file bankruptcy or go dark and YOU will have no options to recoup your real world money investment.... Placing your IP in this is worse than putting your real world currency into stocks - you have ZERO protections... Your contracts are based on a virtual world that will NEVER be mainstream because its intangable... This sort of thing has happened before and if people learned any history they would know this.. People need to take a basic economics class.. Only invest the amount that you feel ok with losing (sunk cost) and no more...
this is really great explanation and advice on NFT's for musicians and artists, good job man. I've been doing some research on it and i think this is really worth a shot
Thank you lol
Nice content dude! I was the same guy as you making jokes about NFT and now Im one step away from makin my first one haha. I have one question about the example of giving mechanical royalties (%) of a specific song. I think it is a very good strategy but.. How would this work? I would need to split royalties on my distribution platform like distrokid? and if it so then I would need to change that split every time that someone re-sell the nft ?
It would be awesome to hear some thoughts from the community as well. thx in advance!
Well, i'm not an expert about NFT's yet, but i understand some concepts. NFT's works through smart contracts on a blockchain (at the moment is the Ethereum network).There you put the rules of your NFT by programming that smart contract as you wish. And there aren't distribution platforms as we now like Distrokid or whatever yet, mainly because this is descentralized technology and there are no intermedieries but is also because this is something really new. I know it's kinda hard to understand and is even harder for me to explain it bc english is not my first language lol.
@@v064_ Thank you so much for this words dude! I understand it better.
Thanks universe bc there is always a chilean everywhere
I think the potential of blockchain will help us bypass DSPs and get $ straight from fans to artists.
Thanks for keeping it simple to understand.
A unicorn wth 😅
bruh...superb breakdown. I'm always trying to explain it to people but now I'ma just send them this link lol good shit meng. Can't wait to own one of your NFTs !
Hey, this is great info. Can you tell me how to get a smart contract together. Ive got physical products to give away and so much artwork to. put with digital products. I look forward to putting it all together and building a community. I write eclectic trip hop..
how do u upload remixes on spotify because your not the one that owns the song so how do you do it I want to upload remixes but I'm scared I'll get copyrighted
as always,, thorough, AF sir... really appreciate the time you take, to just , share knowledge & experiences while on your journey--,, 👊🏽
This was a simple yet very informative video 🤍
@l.dre could you do a tutorial on creating the actual music nft and what goes into it? Or make a future Playlist of steps needed to take to do it? Different Marketplaces. Different tokens, different sites to mint ect.? I want to do this so bad but it's hard finding a lot of detailed info across other youtube videos specifically for a beatmaker? 🙏🏽🙏🏽🙏🏽
Good perspective shift , thanks.
So what’s the gas price on that sale u made?
Dope vid. I’m interested in the utility aspect of it. I’m pretty excited. I have big plans too!
Thanks L Dre!
Thanks for explaining it so well
you know when you know.. Thanks for the explanation! We will make some NFTs this year, too 🔥
Is using your music for NFTs a good or bad idea if you want to pitch your Music for sync? When they are “buying” your song, does that give them exclusive rights to it?
NFT's are really bad for the environment. The blockchains used to secure an NFT's transaction uses a lot of energy.
Only ETH NFTs are bad for the environment, solana NFTs, Tezos NFTs, and palmNFTs (there are many others) are proof of stake which doesn't require proof of work like older cryptos. They are much much better on the environment.
I have a quick question, if I release my Beat tape/ Instrumental album as an NFT can I still release my album on Streaming platforms like Apple Music, Spotify etc ?
Back at it again with more gems 💎💎
been waitin to hear from you about ur nft!!
L. Dre, do you know about Endlesss and their transition statement?
Great video ! Obviously a really interesting topic, probably the future. Blessings 🙏🏻
I agree! 🔥
from what I understand a NFT is just a hyperlink that you own and technically you don’t own the image at all it’s actually hosted by a company and if that company gets hacked or goes out of business you lose your image… maybe I’m wrong tho
You got me at yada yada yada ❤
Can I have my song stream and be for sale on iTunes or whatever, but then also have it sold as a nft as well where they’re buying royalties % of that song. 🤨
this nft shit came so quick I don't think it's gonna hold for so long
False NFT is used in business and metaverse
Im sure it'll stay
I was skeptical but I love it but how do you find ppl within the community 😂😅
what did u find was the best music nft webiste
What about legal stuff? I mean if you sell the art to a song could the buyer demand the song to be taking down for using art not owned by you the artist anymore?
chances are that the contract would be written in a way that it only covers the space occupied by the specific blockchain (probably based on ETH), so it couldn't take down your art/song from stores or Spotify.
However, if you have your music on Spotify, you don't give a real incentive for people to buy your stuff.
In the end, it will all depend on how you write the contract, and also, mainly, on how music is legislated, distributed and listened to on web3.
My main worry is that Spotify just starts dominating the blockchain music distribution and then nothing will have changed.
Can you make a tutorial on how to do it?
Yo ldre.
I see a lot of people suggest that producers should make tutorial based content to grow their subscribes and make more sales.
I can’t comprehend how making content like that would give you more beat sales seeing as a majority of your subs would be producers.
When you were making tutorials and selling beats (in your earlier / mid stage). Was it actually increasing your beat sales?
You are exactly right. Thats what happened to everyone I know now we are all selling sample packs lol
L.Dre yeah I might make a seperate channel then if I ever go that route. Thanks for your honesty!
Hi, can we sell cover songs as NFT or is it has to be original creation?
This was really really good
is there a reason why u didnt do it on opensea or rarible but foundation?
maaaaaan, your explanation is what i needed, thanks ✨
Can a musical NFT have several copies ?
Like can You come right out and mint 10,000 copies. Or more ?
Then get 10% or more. of every sale forever?
Amazing video!!
Honestly don't think people are into NFTs to "own" something. Just simply a new way of investing to make gains.
thanks for adding value everyday
I'm now into it, I'm excited
Great explanation! Thanks 😊
Really informative
Great explanation....Thank you
why you wear your huddy with your headphones on? haha anyway...nice vids.
Nfts are an a gif or mp3 file that has a special bit of case that makes it, "yours". But I know for a fact that if you try to use "your" character of music in something, dont think your not going to get in trouble. You dont own it.
Question, it might be stupid but it is not clear to me. Let's say you sell a song, can you still publish this song, use it on platforms? What are your limitation on using that song after selling it?
so basically nft is like we just sell our art?
yep
Hey Dre,
You should check out Apenft going to be big space for artist to sell there pieces
We have to try it 💪
What I really want to know is how to structure a lofi beat ?
Totally agree, great video!
When's the right time to launch an NFT as an artist? Is it smart for someone with no following to dive in NFTs right away?
Glad you came to the future. It makes a lot of people mad. Especially visual artists. I guess because I do digital art it isn't real. Though I paint on canvases etc also.
Here from the stream when you said NTFS teehee
tbh i feel like its going to get oversaturated.
Everything does eventually but this is still early af
It won’t, it’s the future
Can I use the art work I created from Unsplash as you mentioned and sell it as an NFT?
Well said bro 👏
Pooping Unicorn for 40k... Let that sink in
OJ Beats here, love this video, snagged myself an NFT and already making dumb amounts of profit just by being a musician having one of these JPEG's
This was a great breakdwon. I;ve done a little researche on NFTs but I didn't know about the web 1,2, and 3.
Thank you Sweet Cookie Cat ...
but when you sell the rights to your song, can you stream it under your name?
You dont sell the full rights. You can give them a small percentage but you can still do what you want with it.
@@LDreTheGiant and they can do what they want with it too, as an 10 % or 51% owner? I don't get that point exactly. is it only about the 10% f.e. you give them through distrokid when you say 10% of the rights? or the actual rights of ownership so they can use this song on a festival f.e.
Well done bro. Thanks for the transparency and helpful insight.
Creating some NFT artwork with music tracks behind them so wish me luck!
So when you say royalties does that only apply to resale royalties or can it also refer to parallel streaming royalties?
Theres re-sell royalties for you and if you want you could give the buyer mechanical royalties. So you'd basically just add them the distrokid splits
Thanks for this video! I don’t have enough of a net worth to actually invest in NFTs yet but I’m super excited about the future and I’m hoping to be at the forefront of it!
NFT
No
F***ing
Thanks
why
smart
@@777wisdom7 No no NFT is smart
@@2jaycee bad for the environment among other reasons
@@2jaycee watch
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