Be Ready for The Impact NFTs will Have on The Music Industry
The GaryVee Audio Experience
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Navigating DAOs and the Music NFT Landscape
This chapter explores Decentralized Autonomous Organizations (DAOs) and their influence on community governance in the music industry, stressing the disparity between interest and active participation. It introduces the concept of 'minimum viable communities' and the significance of authentic engagement for independent artists, especially in the NFT space. Additionally, the chapter examines current trends in NFTs, shares personal insights on building a dedicated audience, and discusses the long-term potential of music NFTs amidst the challenges of a competitive market.
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