RAC and David Greenstein on Why Music NFTs Are Better Than Spotify - Ep.347

André Allen Anjos, who is better known as the crypto-friendly artist RAC, and David Greenstein, co-founder of Sound.xyz, a web3 music platform, analyze the current state of the web3 music scene and discuss how artists can leverage web3 tools to get paid at fair market value for their art.
Show highlights:
RAC’s experience in the traditional music industry
why David believes music is the most undervalued sector in the world – and how Sound and crypto can help value it correctly
the different types of NFTs with which musicians like RAC are experimenting
what Sound.xyz is and how it is helping artists unlock their fanbase and community
why David is so passionate about creating a social experience when it comes to music NFTs
Sound.xyz’s decision to allow artists to deploy their own smart contracts
what RAC has made in NFT drops compared to Spotify streams
why Sound.xyz was built with “editions” as the most common format for NFTs sold on the platform
what makes blockchain technology well-suited for the music industry
RAC’s crypto adventures: $TAPE, $RAC, and more …
how the famous “Amen Break” sample would work as an NFT
what artists will be measured by in the NFT world

Thank you to our sponsors!
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Episode Links

David Greenstein
LinkedIn: https://www.linkedin.com/in/davidgreenstein/
Twitter: https://twitter.com/dgreenstein1?lang=en



RAC
Twitter: https://twitter.com/RAC
Website: https://rac.fm/
Crypto Adventures
RAC Token
https://etherscan.io/address/0xc22b30e4cce6b78aaaadae91e44e73593929a3e9
https://v2.info.uniswap.org/pair/0xf744417d0a5fd18b5b18726ce1b48f931dfa32ea
https://blog.ourzora.com/home/introducing-rac
https://www.billboard.com/pro/rac-nfts-social-token-platform-racos-web3/
Music NFTs (w/ Sound.xyz embeds)
https://rac.fm/nfts
Discord
https://discord.com/invite/rac
Tokenized cassette tape
https://www.theblockcrypto.com/post/64760/ethereum-tokenized-cassette-dj-rac-zora-grammy
Sound.xyz
Website
https://www.sound.xyz/
FAQs
https://soundxyz.notion.site/soundxyz/Frequently-Asked-Questions-1-0e39e44edccb42f8b3c3ca5d93c703a9
Recent raise
https://techcrunch.com/2021/12/15/sound-xyz-raises-5m-from-a16z-to-explore-how-web3-can-upend-the-economics-of-the-music-business/
Recent drops that are fun
Bored Ape Yacht Club Band
https://www.sound.xyz/boredbrothers/drip
Snoop Dogg
https://twitter.com/soundxyz_/status/1516896676077744128
https://twitter.com/SnoopDogg/status/1516481234464960513



Music NFT Content
Good overview:
https://momentranks.com/blog/music-nfts-explained-transforming-music-sales
https://twitter.com/MonsterDaoNFT/status/1517164757534580736
https://twitter.com/fascinated/status/1516539250661117966
Cooper Turley Content
Weekly blog
https://thisweekinmusicnfts.mirror.xyz/
Music NFT tweets
https://twitter.com/Cooopahtroopa/status/1516598888114831360
https://coopahtroopa-eth.medium.com/musicians-meet-audio-nfts-aa495cfd2996
https://twitter.com/Cooopahtroopa/status/1460062843244408833
https://twitter.com/Cooopahtroopa/status/1469789186131587073
https://twitter.com/Cooopahtroopa/status/1475609928865705988
RAC Content:
ETH royalties compared to Spotify
https://twitter.com/RAC/status/1516578113634725890
https://twitter.com/RAC/status/1517168623772602368
RollingStone profile
https://www.rollingstone.com/pro/features/rac-future-25-1179443/
Likes the 1/100 NFT drop
https://twitter.com/RAC/status/1516178179886510083
Coinbase listing of RAC?
https://blog.coinbase.com/increasing-transparency-for-new-asset-listings-on-coinbase-e06f2edb095e
How the Sinners drop would have worked over time
https://twitter.com/RAC/status/1512560530761809921
Thoughts on music NFT metrics
https://twitter.com/RAC/status/1509213081594855425
Royal
https://twitter.com/join_royal
Jesse Walden write-up on Sound.xyz
https://twitter.com/jessewldn/status/1471148257892044812