4.4 • 1.9K Ratings
🗓️ 13 March 2022
⏱️ 104 minutes
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0:00.0 | We don't know what music should be valued at. |
0:04.0 | I don't think anyone does, but a market can figure out how it should be valued, right? |
0:09.1 | And if you give freedom back to the artist to determine their own pricing and their own |
0:13.5 | monetization structures, we believe they'll be able to make substantially more than they |
0:18.4 | can when there are these centralized intermediaries deciding, all right, here's how much a subscription |
0:24.2 | costs, here's how much you make from it, either you're in or you're out. |
0:28.1 | There needs to be a spectrum and a gradient of different levels of monetization centered |
0:34.3 | around different types of opportunities and that's just the tools for that have never |
0:38.7 | existed to date. |
0:40.3 | Users should be franchised in the decisions that the platform makes around how it evolves. |
0:46.2 | But more importantly than that, if you can actually distribute ownership of that next |
0:52.4 | generation network platform to users in exchange for them making the network more valuable, |
1:00.0 | you get this really powerful flywheel of backed around super adoption and consumer engagement. |
1:05.1 | The typical artist mentality is maybe I'll make a little bit of money off the volume |
1:08.8 | of the music I'm going to sell. |
1:10.4 | I think he was Steve Aoki that said something recently, like in his last, you know, few |
1:15.1 | NF2 drops, he made more money than in, you know, his music from years and years. |
1:21.0 | And if you're an artist, I think that could even change the way you think about how you |
1:25.2 | create your content. |
1:26.6 | Today artists are using Audius to build a great fan base and under this belief and kind |
1:33.0 | of notion that a fan on Audius is worth more than a fan elsewhere. |
1:47.7 | The world is changing, inspiration is everywhere, it has never been so easy to connect, share, |
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