Recording:
To be published after meeting
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- Summary of last meeting (see below).
- Invitation for further comment and/or debate.
- Suggestions for guest speakers (Round 2)
- Update on music NFT news and possible next steps
- Establishing a timeline and feasible milestones for the project
Main topics raised at first meeting (all are contained with the video capture of prior meeting.
1. Introduction to the ISCC: https://iscc.codes, ISCC Foundation: https://iscc.foundation/.
“The ISCC Foundation is an independent international nonprofit organization that promotes information technologies for the purpose of the common good. In particular the foundation supports and promotes the development and adoption of open standards and open source technologies as well as tools and services that enable individuals and organizations to better create, manage, discover, access, share, and monetize digital content, knowledge and ideas.”
2. The application of ISCC technology to the DISTRI initiative: https://www.academia.edu/44646056/DisTRi_a_Distributed_Trusted_Rights_Framework_for_Digital_Content
“The authors assemble new, breakthrough technologies that focus on the fundamentals of rights management, namely content identifiers, stakeholder identifiers, metadata associations, authoritative assertions, and the use of trusted, multi-party, distributed, dynamic data management systems to create and share Rights Management Information. By providing trustworthy Rights Information, the provenance, authenticity, and compliance with agreements enable the automated distribution of content and associated rights compensation. The approach is minimally prescriptive but maximally supportive and inclusive. It allows many solutions to be used while enabling numerous ways in which individuals and organisations can cooperate in originating, enriching, governing, and distributing trusted Information, helping streamline current processes and trigger innovative businesses”
3. Validity of music and NFTs
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NFT Links of Interest from Cherie Hu Livestream, Feb 22 2021.
Sent to SIG members.
HISTORY
—Seminal article from the first wave of NFTs in 2018
https://www.vice.com/en/article/yw5axg/pepecash-millionaire-yacht-cryptocurrency-rare-pepes
—Music and tech podcast: https://www.patreon.com/interdependence
INTRODUCTION
—To the NFT landscape today
https://www.one37pm.com/grind/money/guide-to-nfts
- Includes this list
- SuperRare — Highly-curated 1-of-1 edition NFTs. The “gold standard” in the current NFT space.
- NiftyGateway — Fast-growing NFT market leading the pack in sales volume. Highly-sought after daily NFT drops, with popular visual artists and now celebrities getting involved. One of the few NFT platforms that accepts USD / credit card as payment.
- Zora — Feed-style NFT platform in which the market of each piece is baked into the NFT itself and not run by the platform. Zora therefore doesn’t take a transaction fee on each sale like the other platforms. Creating NFTs is currently invite-only. The Zora protocol is also open for anyone to build on.
- Foundation — Beautifully designed and curated NFT marketplace with reserved bidding that, once met, unlocks 24-hour auctions. Creating NFTs is currently invite-only.
- Rarible — The most open and permissionless NFT marketplace. Anyone can create an NFT right away without needing an invite, and a roadmap is in place to make the platform community-run.
- Makersplace — An invite-only creator NFT platform that accepts both Ethereum and fiat currency. Recently partnered with Christie’s auction house to sell the first fully digital piece at Christie’s, by artist Beeple.
- KnownOrigin — Quality NFT art platform with multiple weekly drops. Offers accepted in ETH.
NFT ARTISTS
SOUND
—One example https://niftygateway.com/profile/gramatik
—Musician auctioning copyright too: https://foundation.app/jacquesgreene/promise-640
VISION
—Beeple on Nifty Gateway https://niftygateway.com/collections/beeple
—and now at Christie's https://onlineonly.christies.com/s/first-open-beeple/beeple-b-1981-1/112924
—Or a classic GIF: https://foundation.app/NyanCat/nyan-cat-219
—Or a fake Banksy: https://cointelegraph.com/news/nft-market-top-signal-fake-banksy-nets-over-1-million-in-eth-sales
ISSUES
— Concerns over immutable copyright violations on the blockchain
https://www.theverge.com/2019/10/9/20905384/audius-blockchain-music-streaming-service-copyright-infringement-piracy Article relates to this service https://audius.co/
Interview with Audius team on same subject: https://interdependence.fm/episodes/artist-led-pricing-scene-ownership-and-defecting-from-spotify-with-audius
— The ecological cost of cryptoart https://memoakten.medium.com/the-unreasonable-ecological-cost-of-cryptoart-2221d3eb2053
— Crypto’s ties to fossil fuels: https://twitter.com/JoanieLemercier/status/1362758563312074753
MARKETPLACES
—Two-sided marketplace for NFT-collateralized loans https://nftfi.com/
—Zora has a Mint Fund to cover select artists' gas fees https://mint.af/
—NBA approved marketplace: https://www.nbatopshot.com/
—Tokenized livestreams on Discord etc https://fwb.help/
—New app for collectibles https://www.ecomi.com/
—Tokenized community management: https://collab.land/
NEW TOPICS SINCE FEB 9
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found in recording of the meeting:
- Discussion of Clubhouse, the audio discussion platform and metering platform. Heidi and David will work on a meet-up there, as a test case for future ME-SIG gatherings. Heidi mentioned the possibility, for example, of inviting MGM, who have recently focused on a blockchain initiative.
- Ongoing discussions of audio NFTs, specifically with regard to exclusive elements that could be embedded at locations such as Mintable
- Complications of NFT licensing
- Would NFTs be permitted within the closed gardens of streaming services?
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