The music industry is in dire need of a reform. This is why we're so vocal about web3 being the tool that has the possibility to change the industry's ways and set a new standard. Being a true collaborative space, we're happy to connect and highlight projects that are working on doing exactly that. In this article, we're interviewing Jai, Head of Marketing of Pixelbands. We talk about what is pixelbands, the web3 space and how to improve it, a different take on sync licensing, their new roadmad, advice on how to build on web3 & much more!
Read the full article to see how you can get a Guest list allocation for their upcoming NFT release.
How did the idea for this project come about?
It originated as a solo idea from founder Kotin who wanted to try to combine audio visual loops together to make small songs/loops. Initially he was going to create all the audio stems/loops. Once the team came together the idea for the community to provide the music came about and the experiment of Pixelbands began. The idea was to see if we could not only combine these community sourced audio loops (decentralized music creation), but also if we could code artists' wallet addresses into the smart contracts to automate the royalty splits. It worked perfectly and to date we have distributed over $80k royalties to around 70 artists directly to their wallets through secondary sales. This has given many artists the funds to start their web3 journey so we feel like the project is already a huge success.
Web3 is a quite new environment that 's getting developed slowly and it’s obviously not perfect. If you could change anything about web3, what would it be?
We need to grow the space. The NFT space is still small. The Music NFT space is even smaller. We need more artists and more music fans in the space. To do this we need to collaborate and work together to show traditional musicians and music fans the benefits of the web3 music space. Hopefully this can change the quick flip and investing nature of the space and show the true power of NFTs, Community.
How would you like Pixelbands to shape the web3 music space? What are some of your most ambitious goals?
We want to be the largest distributor and licensing web3 music technology company.
- Distribution to all music NFT platforms.
- Sync licensing to other projects, games, metaverse and events.
- Commercial Music NFTs (that are transferable) integrated into web2 content platforms.
We basically want to become Distrokid on steroids.
We had the opportunity to have a peak at your roadmap and were excited to see sync licensing there! What was your idea behind this roadmap goal, and how are you going to implement it?
We currently provide music for 3 projects on Solana and to begin with it will be a sync pool with even artist splits corresponding to the percent of music in the pool provided by each artist. Currently this is just with our Gen. 1 collection bands. Eventually we want to develop a way to automate this with smart contracts so artists are paid directly to their wallet every time their song is used in another project. We are still working this out, but if we can “crack the code” this will revolutionize sync licensing and reduce the governing bodies required. This is only possible due to the transparency and automation of blockchain technology. This would result in a less complicated way for artists (particularly smaller artists without a team) to participate in music sync licensing.
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Full article on our website. Check it out to get a Whitelist spot for their new EDM collection.
Mint date: TBA
Mint price: 0.5 SOL
