Monetizing your music on the Blockchain, an inside view (Part 1)

in #musiclast year (edited)

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Once upon a time
We are only at the beginning of the possibilities of monetizing our music (or even other forms of Art) on the blockchain. Everything is still so fragile. Pioneers have launched themselves, some are still alive, sometimes floundering, and some have paid the cost of this exploration of new possibilities, fading away. But they opened the doors. Opened the path! Regarding the monetization of art inside the Blockchain, it is still not easy for some artists to understand how blockchain works, the different networks involved, the wallets, the exchanges. One thing is very clear, the blockchain removes intermediaries. The Midleman, or the Midlemen. The first thing we all need to understand is that nothing can stop virtual currencies. It's THE new digital revolution, as the genesis of The World Wide Web was one at his time. We can easily imagine that in a world of tomorrow, money will be completely virtual, decentralized or not. As artists we must now understand how this "Brand New World" works, and what it can do for us. We've seen, and we see a lot of blockchain music projects emerging. The only way to realize if they are viable or not, it's to read the whitepaper, check the roadmap, follow them on different social medias, chek out what they are saying, promising, and.. trying them by ourselves. Yes, Think by yourself! Even if some influencial people are useful to point some interesting things about the blockchain universe. But don't follow (angry) sheeps. Once again: Think by yourself!! Stay alert, & observe.

See Beyond..

The Choon Case
It is clear that a number of musicians got angry with Choon the day they get banished, or when they banished various artists because they were accused of cheating, about generating fake plays on their own tracks. Truth or lie? Probably both. That said, Choon was very promising, and when the $Notes token (ERC-20 token) was finally unlocked in December 2018, the economy had started, paying artists every day for the number of the listening they had generated. If the system itself was not decentralized, you could export your $Notes to the Ethereum blockchain every day if you wanted, in order to HODL them, or sell them on the only exchange available: Forkdelta (and Etherdelta, the same in fact). The Choon team has made numerous errors in marketing strategies, communication, site updates.. and by taking these drastic measures against artists, and finally by blocking the possibility of withdrawing daily earnings. But the site by itself was pleasant, operational, and fully functional. Choon was an important step on blockchain music monetization. We can't deny it. RIP Choon.

Be careful
On my opinion, the first mistake that many Choon artists made is that they left their $Notes earned stored on Choon. Whatever the reason, it was a mistake. It's still a mistake today. Above all, do not leave your income on the platform if the platform lets you export it freely. This should also be the case on all platforms. The last months will have taught us that the platforms retaining the funds, the earnings of their users, were only "scams".. and other projects not sustainable. There are exceptions, on very early stages, for example. And.. Hey girls, guys previously on Choon, you clearly know you have made a lot of money on Choon. Compared to many other music platforms, on the blockchain or not.

More to come..
I'm publishing* this self reflexion about this complex subject on several parts.
I will publish very soon the next chapter, part 2 of it. My thoughts on existing music platforms, the new wave ones, how to track them, how to work on it, how to be helped by some great and useful communities/networks, etc. Derivative exposure and earnings. Opening your mind.

It's a vast subject! :0)

"Nul n'est prophète en son pays". Only my thoughts, my experience.

Don't hesitate to share your own point of view!

See you soon.. for more!
Much #LoVe
Thank you very much for all your support.

Juan, @SolarPhasing
https://twitter.com/SolarPhasing
https://steemit.com/@solarphasing

More Music:
#Bandcamp: https://solarphasing.bandcamp.com
#Spotify Me: https://open.spotify.com/artist/0FarK4tJsP9D043gqpMCzN
#Soundcloud: https://soundcloud.com/solarphasing
#Noisetrade: http://noisetrade.com/solarphasing/

#Emanate: https://emanate.live/solar-phasing
#Musicoin: https://musicoin.org/artist/0xf2f5e01d665bcf3717c05add774c3fcba96d0556
#Audius: https://audius.co/solarphasing/

For Licensing: https://www.songtradr.com/juan.diaz

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Out Now: In Slow Motion. On all music streaming platforms. Spotify me: https://open.spotify.com/artist/0FarK4tJsP9D043gqpMCzN
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Very interesting contribution! I am very excited to see where the decentralized music journey will lead. I think it's a shame that Choon made too many mistakes to continue to exist. I really liked the layout of the page and the easy handling. But as you say - they paved a path in the right direction.....more to come :)

Hey Psi, :0)

Thanks to drop by.
I'm very interested and excited about it too. It's like a new starting era.
I really like Choon too.

I checked your new video montage on youtube. Great production! I dont even knew we can do video making on FL Studio.

Enjoy a !COFFEEA
Keep on the great work! :0)

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Ohhh are you using FL Studio? If so check the stock plugins under visual. There you'll find the ZGame Visualizer. It's such a fun tool within FL Studio!... Thank you for watching my video! I really appreciate it!

Hey! :0)

Nope I don't use FL Studio, but I know it well. I have a friend composing with it, and sometimes we mix some things together.

Well, It's always a pleasure, I love your music.
Have a fantastic weekend! :0)

Ah ok - then you are missing something ;) - I guess your friend knows about this plugin - if not, tell him :))....
awww makes me really happy, that you like my music - awesome!!
I do like your music too - over time I will listen to more of your stuff... the days where I am not in my DAW with my head are rare ;) - but on those days I always listen to some new stuff especially from people who gave me some feedback - as I really appreciate this...thank you again :) ... Soo you too have a fantastic chilling weekend!!!

Hello Psi :0)

I will check out with him this pluggin. Thanks! :0)
Think, I'm the same, I have various Machina always on, and instruments all around me. So, music comes naturally. Inspiration is everyday, no need to find here, she comes to you. :0)

You don't choose what you love or not on music, it's just how you feel music, emotions, vibes, etc. When I love an artist, It's forever! I was saying this morning on another place: I'm a loyal supporter! haha That's all. Very simple.

Thank you very much! It's a good chilling one.:0)
See you.

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Thank u for sharing your opinion! I'm looking for this kind of service, I want to know more! Waiting for part 2 😉

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Hey man,

I'm glad you found it interesting. Appreciated!
Thank you very much.
Part 2 is coming soon. In the next few days.

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Merci pour les infos ! Thank you!
I'm waiting for part 2 as I'm very interested about the links between music production and blockchain! But take your time ;)
Bisous xD

Hey,

Merci à toi. & Welcome aboard. :0)
Il y a matière à.. donc oui, il y aura pas mal d'infos et autres réflexions dans les prochains chapitres.

A toute!
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I really like that, man!! Merci beaucoup. :0)

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Hey there,

Thank you so much! :0) I will check it!

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Hmm is choon no goid anymore? I was thinking of possibly posting there.

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Hey man,

Thanks to drop by. :0)
No choon is dead, definitively.. and offline.
But it's part of the history of music blockchain.

Enjoy a !BEER

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Dang too bad, seems to have lasted about a year and a half?

Posted using Partiko Android

Yeah, something like that.

Check Emanate and Audius. Even XSongs.

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