<aside> 🌀 Abstract:

• Intention: to reflect on 'state of music daos' (2022) and provide insights into the development and growth of the on-chain music ecosystem
• Context: 99% volume drop since all time high in March 2022; web3 music bear strategy. secondary is not growing because it needs to be a larger aggregated market and hifi data. without a health secondary market, liquidity is not possible.
• Previous viewpoint: generally positive sentiment towards daos as a panacea
• Current situation: daos are not the answer, but they raise a question
• Challenges: confusion on what constitutes a dao, lack of governance models, onchain tooling is sparse, non standardized, distributed creativity is difficult
  • focus on interpreting how the bear market pulled back a lot of the initial momentum around DAOs and onchain music
• New approach: shift from music daos to onchain collectives, new modes of release formats, new cryptoeconomic models </aside>

Start here:

This document serves as a resource for artists and artist teams who are interested in exploring on-chain capital, resourcing and development options for their intellectual property (IP) projects.

Overview of Topics:

• Update on 'state of music DAOs'
• Emerging trends from the bear market - hesitations & excitement
• How artists can source the team, financing, and tools to build a sustainable business

Focus:

Motivation

Methodology

Introduction

Update on the State of Music DAOs

Current Trends / Examples

Emerging Models (experiments)

Directions for Future Research

Conclusion

Resources