Web3 enthusiasts see NFTs as a way to revitalize artist music ownership and cryptocurrency startups. Safeis orchestrating an innovative path: using special edition live concert recordings to revive the traditional era of ‘cassette culture’ and benefit independent artists in the process.
‘Cassette Culture 3.0’ features weekly drops of live recordings from emerging musicians via the Solana-based NFT music platform. The project is designed to showcase emerging artists by creating and distributing recordings via digital cassette tapes.
Have you heard the news? ????#CassetteCulture3 coming #Solanaforever keeping live music on-chain from the underground scene ???????? https://t.co/WVPYD7TZXx
— Vault Music (@vaultmusichq) August 3, 2023
Uplifting the next era of indie artists
Ten live recordings from artists performing in New York venues, such as the acclaimed Bowery Electric, Baby’s All Right and The Brooklyn Monarch, are already music to the ears and are available to acquire as music NFT albums, with more than 30 other artists in the pipeline include Middle Part, Sum Sun, Sid Simons and Charlotte Rose Benjamin.
The owners of the NFTs can listen to their albums through Vault’s dedicated mobile app for around $5-$10, available in crypto or fiat. Only 100 to 150 editions are available through the drop, opening up other unique features such as behind-the-scenes content and live performance videos as added benefits.
All upcoming musical maestros will receive a generous 70% of the proceeds from each sale, with Vault covering credit cards, currency and storage costs, while also handling the mixing and recording of the artist’s live performances.
Next on deck, Vault is ready to expand and sync its presence with locations in London and Amsterdam. A new wave of bands from these cities are working to build their reputation by performing live before releasing their music on streaming platforms.
This groundbreaking music ownership Vault initiative presents an opportune time for the music industry, providing unique experiences for music lovers and enabling underground musicians to embark on their musical journey.
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