$CRIME - Crowdfunding In Web3.0 vs Web2.0: Matt Mcdonald

Mint Season 1 episode 9 features Matt Mcdonald who is the lead vocalist and guitarist for The Classic Crime - a rock band formed in Seattle, Washington in 2004. After leaving a record label in 2011, TCC pioneered the use of crowdfunding and other middle-men bypassing tools, continuing to make music, content, and community experiences for supporters a decade later. Their latest experiment with crowdfunding comes in the form of their social token - $CRIME, ticker C R I M E.

In this episode, Matt and I look back on the early days of Kickstarter crowdfunding and how it compares to today’s ICO and IDO models that persist throughout the cryptoverse. We also chat about his frameworks for utility generation, how he’s onboarded his existing fan base to hold his band’s social token, how platforms like Facebook and Instagram help build their audience, but stripped them away from their power to monetize them, and so much more.

I hope you enjoy our conversation.

Learn more by visiting: https://adamlevy.io/mint