The Startup Ideas Podcast
Will Meta Bounce Back? (with Nikita Bier)
Episode guests
Podcast summary created with Snipd AI
Quick takeaways
- Web Three music platforms are emerging to provide artists with more direct and fairer compensation for their work.
- The concept of Creative Commons Zero challenges the traditional model of protecting intellectual property and emphasizes the power of virality in driving enterprise value.
Deep dives
Web Two and Web Three: Disrupting the Music Industry
The music industry has historically seen artists receiving very little of the value they create for consumers, with rent being collected in the middle. Web Three technology presents an opportunity to change this by cutting out the middle layer and allowing artists and consumers to capture more value. Spotify, as the leading music streaming platform, has faced criticism for its artist royalties model. Recorded music revenues dropped significantly from their peak in 1999 to 2014, despite the rise of new technologies. Spotify's royalty system is based on negotiated rates, but artists have voiced concerns about their earnings. Web Three music platforms are emerging to address these issues and provide artists with more direct and fairer compensation for their work.
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