GamesHUB #13 | New Avenue for Music in Web 3.0

Meet our Guest:
Larry Dvoskin

Entrepreneur, 4x Grammy-Nominated Producer, Songwriter, Tech Advisor, Strategic Projects Chief at NFT Oasis, #1 Amazon Author, NYU Professor

With our Host:
Constantin Kogan

GamesPad & BullPerks Co-Founder, Partner at BitBull Capital

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What can Web3 do to ensure that music artists are fairly compensated for their work?

What’s wonderful about Web three and what I love about it is when I put out, let’s say, an NFT drop and I’m on one of the music platforms or any platform,I can see everything about my collectors, my listeners, my fans.

Meaning I have a direct relationship on the Web3 as a creator with my audience, fans, collectors, investors. They are together with me as opposed to walled off in a separate area.

How can Web3 bring artists closer to their fans?

For example, Imogen Heap, who’s one of the first music artists to create an NFT in 2015, came into this forest world and did a concert. She was in London, but she was playing in front of a green screen. So you saw her in this beautiful forest and her fans from around the world came in. She came out from the stage. Suddenly, someone next to me said “Hey, you know, it’s my birthday today. I’m 50 years old”.

And somehow, through fans, we had a special thing. We brought out a birthday cake and she was able to directly talk to the fan and connect and sing Happy Birthday.

Metaverse and Web3 have opened up this direct channel.

In your opinion, what’s a secret of the successful music NFT sale like this one?

I believe it is a community.

A friend of mine whose NFT name is Spottie WiFi. He used to be working some day job and he was miserable. When he was a kid, he used to rap. Early on, he bought a Crypto Punk NFT and because the crypto punk community is so strong, they’re so supportive of one another, Spottie Wifi put out an album and in literally one hour it sold out and he made about $200,000.

What do you think is a major barrier to musicians looking to enter the web3 space?

I think the major barrier is just a psychological one more than a physical one. I’ve done a lot of personal development work, whether it’s meditating or yoga or reading self development books. I love to be the best version of myself and I know that some people have a fear of success, but even a fear of failure, which everyone thinks about, I don’t want to die poor and alone is a common thing.

But, also people have a fear of success. Like, what happens if I stand out? You know, people will be jealous. People will try to take advantage of me. I won’t be able to trust my friends. All these thoughts are in your head. So a lot of people just have a fear of starting, myself included in this space is why I’m really an artist. But I’ve started my first two years just collecting NFTs and not flipping one of them. I’ve resold one for a profit. I’ve just been a fan and a supporter of people in space.

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