This Web3 music production software is smarter than it first appears
In today's 'hey, that's cool! Tell me more...' news:
Arpeggi Labs are making a Web3 music production software.
Which on the surface feels like they might just be slapping 'Web3' on their product description to get some extra clicks...but it actually makes a lot of sense.
Arpeggi Labs' aim is to create music production software that puts source references into each song. Which means credit can be hard coded into samples and tracked on the blockchain.
So if a song using your sample blows up on TikTok, you'll automatically be credited and benefit from the reach.
Plus, we're guessing they'll eventually bake royalty splits into the system, which would be MASSIVE.
Here's how it'd work:
If someone wanted to use a sample of your song to create a new work, they wouldn't have to reach out to your label, or haggle with lawyers - your royalty fee would be right there, written on the blockchain and automatically paid out if/when the song takes off.
Here's a real world example of how functionality like this, could have helped in the past:
In the 2010's, the music producer 'Flume' was the biggest thing since sliced bread, over in Australia.
But the hit single on his debut album was almost never released. The song featured a sample from Anthony White's cover of "I Can't Turn You Loose," by Otis Redding - and his label was struggling to clear the copyright.
The problem persisted for so long that the first 1000 copies of the album that were printed, didn't have the lead single on it.
With a source/credit solution, that set and tracked royalty splits on the blockchain, this could have been avoided.
The sample could have been automatically cleared and begun sending royalties back to the respective copyright holders, the moment the song hit the airwaves.
Could a product like this be be created with Web2 technology?
Sure - blockchain technology isn't always needed.
(But it can make things a whooole lot easier).