LNMarkets on Nostr: ⚡DailyZap: Open Music The Wavlake team shared some very interesting thoughts around ...
⚡DailyZap: Open Music
The Wavlake team shared some very interesting thoughts around what open music can enable -- and enables already. Indeed, as you may already know, all the tracks listed on Wavlake are published their by their author, who agree to let anyone access and use this content, for free. The artist's compensation is sought in the Value4Value model: listeners can voluntarily decide to send some sats to the creator.
But there's more: if a podcaster uses a track in an episode, they can set some field in the podcast's RSS feed so that, during the time the song is aired, sats streamed by podcast players (using the Podcasting2.0 Value4Value paradigm) are directly sent to the original creator of the music. This opens up a whole new realm of cooperation between creators of all kinds, where every digital content can be reused freely, and where everyone can still get their fair share. Wanna know what's even crazier? We don't even need NFTs for this! I thought they were the cornerstone of the #web3 creator economy!
The Wavlake team shared some very interesting thoughts around what open music can enable -- and enables already. Indeed, as you may already know, all the tracks listed on Wavlake are published their by their author, who agree to let anyone access and use this content, for free. The artist's compensation is sought in the Value4Value model: listeners can voluntarily decide to send some sats to the creator.
But there's more: if a podcaster uses a track in an episode, they can set some field in the podcast's RSS feed so that, during the time the song is aired, sats streamed by podcast players (using the Podcasting2.0 Value4Value paradigm) are directly sent to the original creator of the music. This opens up a whole new realm of cooperation between creators of all kinds, where every digital content can be reused freely, and where everyone can still get their fair share. Wanna know what's even crazier? We don't even need NFTs for this! I thought they were the cornerstone of the #web3 creator economy!