Web3 Daily

View Original

Who Cares About Music NFTS?

TL;DR

  • Music NFTs aren't for everyone. Hell, they aren't even for most people. Nope. Music NFTs are for super fans.

  • And Grammy-award-winning electronic musician, André "RAC" Anjos' latest NFT announcement is a perfect example of this.

  • His CULT pass NFT acts as a membership pass (users buy the NFT and get perks in return). Nothing we haven't seen before.

  • Where RAC's NFTs differ from the rest is this: the NFT itself changes depending on what its owner holds in their wallet.

  • Giving super fans a unique artwork that's inspired by the other creative work they've collected, which also grants them access to a tight knit community of like minded people.

Full Story

Music NFTs aren't for everyone.

Hell, they aren't even for most people.

Nope. Music NFTs are for super fans.

And Grammy-award-winning electronic musician, André "RAC" Anjos' latest NFT announcement is a perfect example of this.

Here's the basic idea:

The CULT pass NFT acts as a membership pass (users buy the NFT and get perks in return). Nothing we haven't seen before.

Where RAC's NFTs differ from the rest is this:

The NFT itself changes depending on what its owner holds in their wallet.

Here's our understanding of how it works:

The CULT pass NFT generates a list of keywords based on what other NFTs/tokens the owner has purchased, feeds them to an AI image generator and creates an image unique to its owner.

...ok, so it's like an 'NFT mood ring'? Who cares?

Super fans.

Where most people see an over-priced digital mood ring, super fans see this:

A unique artwork that's inspired by the other creative work they've collected, which also grants them access to a tight knit community of like minded people.

We might not be the target audience, but we get it!

Well done, RAC.