Against all odds, the Web3 music ecosystem not only survived but thrived.
Despite skeptics writing off Web3 music, there are many creative artists within the ecosystem. Names like San Holo, Matthew Chaim, and Grey Spottie Wifi stood out. In this review, we’ll explore the notable artists, rising talents, and top collections that define the landscape of on-chain music.
Web3 Music Artists to Watch
The year introduced a new wave of artists poised to shape the Web3 music scene in the coming years. Among the Artists to Watch were Alyss, Pack Records, Valentina Cy, KASBEEL, Cudos Sadye, Malik Naim, Isadore Noir, Yunice, Madalen Duke, among many others.
Need new music?@33_below – HOLD TIGHT@BuildOnBase x @ReoCragun x @mynameisheno – Based@songadaymann – WTF Ledger@dotmvsic – Sisu@deeganreeves – Bedside@SuaveMusic – Never Let You Go
Check out our curated picks 🔽 pic.twitter.com/yLxVqYgu0e
— Invest in Music (@invinmusic) December 20, 2023
Top OnChain Music Collections
The Web3 music space witnessed remarkable collections throughout the year, grouped by quarters:
January – March 2023:
- Project Astro – Astro
- NOISE – High Frequency Volume 1
- Violetta Zironi – Another Life
- HENO. – In the Meantime
- Grimes – Gen-1 avatars
April – June 2023:
- LNRZ – Satellites
- Annika Rose – “Bruises” Music Video
- COLORS – Colors Collect
- Spore Pro – Sporeᵒⁿᵉ
You can see the whole list in this tweet.
Featured 🎙️ – @soundxyz_ x @BuildOnBase – ????
Sound and Base are teaming up for a special end of year drop.
When Optimism dropped – it got 732K mints.
How many will this one get? https://t.co/WRudJdhbib
— Invest in Music (@invinmusic) December 18, 2023
Onchain Music Investment Activities
The Web3 music industry experienced many investment operations, indicating a growing interest and confidence in its potential. Here are some of them:
- Daniel Allan raises $1M.
- Anotherblock raises $4.3M.
- Spinamp raises $1.2M.
- Lens Protocol raises $15M.
- Sound XYZ raises $20M.
- Symphony raises $1M.
- IYK raises $17M.
You can see the whole list in this tweet.
We're preparing our first annual report including an Onchain Music Landscape map and aim to make it as comprehensive as possible 🙌
Help us by sharing the platforms you'd like included!
Fill in the form below 🤝
Deadline: December 17.https://t.co/h7G4s5QjrX
— Invest in Music (@invinmusic) December 12, 2023
Conclusions
As we enter 2024, we think the Web3 music scene is ready to prove its value in the next bull market. The focus is on reaching new audiences and fostering deeper connections with emerging artists.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
