9 Web3 Music Companies You Need to Know
New ways of sharing, buying and collecting music, are being introduced as we progress and integrate Web3 technology into our lives.
This article will take you through the music platforms and companies making a major impact in Web3 right now. It will give you get a better feel for the landscape and what’s available in the Web3 space for independent artists, producers & creatives working in the music industry.
I have included categories such as - music streaming, video streaming, and by NFT release types (1/1, editions). These are just to give you a better sense of how each platform is commonly being used. Some of them could be listed in multiple categories.
Here are 9 Web3 music companies you need know!
Web3 Music Streaming
Audius
You can think of Audius like the Soundcloud of the Web3 space. It’s an audio streaming platform where artists, producers and DJ are able to upload high quality music and build their fan base for free.
Web3 Music Video Streaming
2. Glass PROTOCOL
Glass is a Web3 video platform where you can stream and mint your music video as an NFT, enabling it to be owned by collectors and further monetized.
Currently, videos are minted on the Ethereum blockchain, and once the video gets sold 80% goes to the creator and Glass receives the remaining 20%.
Music NFT Releases (1/1)
3. Zora
Zora is an NFT marketplace where anyone can buy and sell NFTs, but more than that, it’s aiming to be the NFT marketplace protocol. Mint photos, audio, or video, Zora manages it all.
They incentivize platforms to build on the protocol, as it never goes down, it’s composable, immutable, universally accessible, and censorship-resistant.
4. Catalog
Built on top of Zora, mentioned above, Catalog offers a more music focused and curated experience. Catalog enables artists to mint 1/1 editions of their songs, and fans to discover and engage.
Music NFT Releases (Editions)
5. Sound
A collaborative music movement. Sound artists are able to host listening parties where fans can show their early support through an NFT.
The NFT allows fans to own a moment a leave a public comment solidifying their support. Though, at the moment in Sound’s early stages, they’re requiring artists to submit an application and be approved before they can host their own drop.
6. OPENSEA
Opensea is the largest and earliest NFT marketplace right now. It’s a great place to browse all types of NFT collections across chains, and purchase them on the secondary market.
7. ONEOF
OneOf is an NFT marketplace built on Tezos and Polygon with a focus on providing accessible and affordable digital assets for music, sports, and lifestyle. OneOf has music NFT editions available from various well-know artists, and you have the option of purchasing with not only crypto, but debit and credit card as well.
8. DECENT
Decent provides multi-chain NFT suite making the creation and transaction of all NFTs user-friendly.
They’ve recently introduced ‘The Box’ which makes it super easy to collect music NFTs with one click. It also doesnt matter which blockchain or token you’re using, The Box meets collectors at their point of liquidity.
Web3 Music Royalties
9. Royal
Royal is a company that allows you to invest in music and split royalties. Created by artist, 3LAU, Royal enables anyone to own a piece of their favourite music to earn royalties alongside their favourite artist.
For artists, you can decide what percentage of your songs royalties you would like to list for sale.
Conclusion
So, there you have it. These are some of the biggest and most influential music companies in the Web3 space that every artist, producer or anyone working within the music industry should know.
Are there any other Web3 music companies or startups that should be mentioned?
Let me know down in the comments so I can check them out and add to the list!