Hello!
Thanks for tuning in to read another update from us here at ROCKI. We've been super busy since our last update working on our exclusive music NFT's and the underlying technology, which I will go into more details about below. I recently participated in the Crypto Basel conference online, which heavily focused on music NFT's and how this technology could help artists and fans alike. Artist Guy J raised $24K with our Royalty Right NFT on ROCKI, more on that huge accomplishment below!
Let's dive into it!
First off, everyone should now have access to their artists and listeners accounts on ROCKI. New login details were mailed out to everyone a few weeks ago. If you didn't get yours, please use the reset password function and set up a new password. The new Track upload will be released shortly as well, so please stay tuned for that.
Guy J - COTTON EYES Royalty Right NFT auction summary:
ROCKI supporter and artist Guy J, the Israeli progressive house music master and Lost&Found label boss, recently gave us an exclusive new track, "COTTON EYES". Guy J wanted to try out our Royalty Right NFT function (ERC721) and auction off 50% of future royalty rights for the exclusive track on ROCKI.
We hosted an NFT auction on the decentralized auction protocol bounce.finance, which was a huge success (Full details here). For those of you following us on Twitter and in our Telegram group, saw just how popular it was, and the auction closed at a record 40ETH, about $24K! This was truly above expectation for everyone and showed the potential for new revenue streams for artists. The winner of the NFT auction "Jeren" is now a 50% Royalty Right owner for the COTTON EYES track on ROCKI forever, until he sells or trades it on our upcoming secondary market place on the platform. To find out more about our music NFT's on ROCKI, check out this Medium article here.
One of the leading music publications, Magnetic Magazine covered the story with comments from Guy J himself, which can be viewed here below:
Crypto Basel Conference:
I got recently got invited to speak at the online Crypto Basel conference earlier this month about our Music NFT's on ROCKI and how they could benefit artists and fans alike. It was a great speaking session that I really enjoyed, with legends such as Jon Blok, Vandal from DAO Records, and AJ from music tech start-up Phlote. For anyone interested in this space, I recommend a watch!
ROCKI Music Listening NFT Demo
We recently hosted an exclusive ROCKI Music Listening NFT (ERC1155) giveaway Airdrop. The response from our Tweet and in our Telegram group was truly something else, with over 3,500 people signing up to receive it. I made a short video demo of the music listening NFT function that can be viewed here below. For those of you that received your exclusive music Listening NFT’s, feel free to try it out on the platform in the NFT section, and remember, you can always sell or trade it with someone else. ROCKI will have its own secondary market place on the platform for NFT auctions and offerings in the near future.
Other Music Industry News:
Lately, there has been a ton of music industry articles about the major streaming players' unfair payment practices. The Ivors Academy, UK's independent professional association for music creators, recently released a report and poll that exposed the shockingly inadequate earnings the majority of music creators currently receive from streaming. 82% of independent artists from their survey report made less than £200/$266 per year from streaming, which is a shockingly low number. That is something the Team at ROCKI is working hard to change for the better. The full article can be found here, and we recommend reading it if you're an artist yourself or interested in the topic.
In the vastness of the ocean, will one drop of water matter? No you answer? But if enough of us mobilize and join forces, we can collectively swell the tide of events for GOOD!
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