Robby Schwertner [CryptoRobby]🦋

🦋 I find some of these innovative event industry-DAOs really promision: Dada: is a DAO-powered platform for artists and collectors, fostering a community-driven ecosystem for digital art and live events. BAM-Ticketing offers NFT-based ticketing, they use blockchain-based solution for their services, cool! POAP: Proof of Attendance Protocol is the most popular NFT solution for proofing that someone attended an event, it is a specific, very practical solution, loved by event organisers and even large companies. Ethereal: Ethereal is a DAO that curates and produces events celebrating blockchain culture and innovation. TIX.Bond: is a DAO-based ticketing platform that addresses ticketing issues like scalping and counterfeiting. 🦋

🦋 DAOs will revolutionize the events-industry by including participants more into decision-making prcesses. Blockchain enables automating ticketing and financial management, reduces costs and enhances transparency. Token-based voting empowers event participants to shape event experience. It would also enable direct involvment in games, in decisions. Participant thus are not just viewer of games in the future, but could also help shape games through voting and opinion polling. 🦋

🦋 Decentralized autonomous organizations (DAOs) are organisations similar to companies that are run by rules encoded on a blockchain. DAOs are governed by their members, comparable to an association. In the case of DAOs people, who hold tokens that give them voting rights. Members can propose new ideas, vote on proposals, and participate in the day-to-day operations of the DAO. DAOs have the potential to make organizations more democratic, efficient, and transparent. However, they are also a new technology, and there are still challenges that they need to overcome.

🦋 I see three ways of how one gets involved in music DAOs, which are a kind of blockchain music startup or community 😇 1. Join a DAO like Bitsong, Limewire, Audius and others. There are plenty 2. The HARD WAY: Found your own DAO: Create a unique DAO addressing industry needs. Define purpose, governance, tokenomics, and community engagement strategies. 3. For ARTISTs: seek collaboration: partner with DAOs for direct fan access, sales, promotion, and fair royalty distribution. 🦋

🦋 I think THE key hurdle for music DAOs is scalability. We see a lot of blockchain startups trying to compete with Spotify, Youtube and Soundcloud, but so far none of them succeded. Reasons: blockchain technology still faces limitations like transaction speed, data processing capacity, and cost efficiency. Another concern is regulatory uncertainty. The legal status and implications of DAOs are still evolving, and their application in the music industry is largely uncharted territory. AND this lack of clarity poses legal challenges for artists, fans, and platform operators, potentially leading to issues related to copyright protection, taxation, and liability 🦋

ranking the coolest music DAO according to my personal views: LimeWire - GREAT Austrian music sharing platform, with a token, they raised 21 mio USD Audius AWESOME! is a decentralized music streaming platform that uses blockchain technology to distribute and compensate musicians. 2 million monthly active users SongADAO - COOL! is a DAO that focuses on creating and selling new music every day. It sells both the music and the corresponding artwork and videography as NFTs. BitSong is decentralized music streaming platform that uses blockchain technology to track music ownership and royalties. Mudd DAO is a community-owned record label that focuses on collaborative and generative music creation.