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Validated | Meet a web3 Musician Who Makes Money with Black Dave

By Validated

Published on 2023-02-14

Discover how Black Dave, a web3 native musician, is redefining the music industry through NFTs, community governance, and innovative monetization strategies.

The notes below are AI generated and may not be 100% accurate. Watch the video to be sure!

Black Dave: Pioneering Web3 Music and Community-Driven Art

In a rapidly evolving digital landscape, the intersection of music and blockchain technology has given rise to a new breed of artists. Among them stands Black Dave, a web3 native musician who has embraced the decentralized world to forge a unique path in the music industry. Through innovative use of NFTs, community governance, and blockchain platforms, Black Dave is redefining what it means to be a musician in the digital age.

The Genesis of a Web3 Native Musician

Black Dave's journey into the world of web3 music is as unique as his art. Unlike many artists who migrated to web3 from traditional platforms, Dave's musical career found its roots in the decentralized space. His earliest fans and supporters emerged from the blockchain community, even before he minted his first NFT.

"My journey really started here. My earliest fans started in web3," Dave explains. This unconventional beginning has shaped his approach to music creation and distribution, setting him apart from peers who transitioned from traditional music careers.

The Power of Blockchain in Music Distribution

One of the key advantages Dave highlights about web3 is its ability to consolidate fan interactions across various platforms. In traditional music distribution, artists often find themselves managing multiple silos of fan engagement. However, with blockchain technology, Dave can direct all his supporters to a single point of access.

"As long as I have the token address, I can direct everyone to one place, no matter where they participated in my journey," Dave states. This unified approach allows for more streamlined communication and engagement with his audience.

NFTs: More Than Just Digital Collectibles

For Black Dave, NFTs represent more than just digital ownership; they're a gateway to exclusive experiences and potential future value. He views NFTs as a way to give fans something that will appreciate in value over time, much like rare physical memorabilia from past musical eras.

"I'm able to give people things that theoretically will be of value later," Dave explains. This approach taps into the collector mentality, offering fans a chance to own a piece of his artistic journey that may increase in both cultural and financial value.

The Psychology of Ownership in Digital Music

Dave delves into the psychology of ownership in the digital age, comparing it to the tangible experience of owning physical albums or merchandise. While streaming has made music more accessible, it has also removed the sense of ownership that fans once had with physical media.

"There's something physical about having a record or a CD or making a choice even in digital purchase to say, I'm gonna buy this thing," Dave reflects. This sentiment underscores the value that NFTs bring to the table, reintroducing the concept of ownership in a digital format.

Active Engagement vs. Passive Listening

One of the most striking differences between web3 music consumption and traditional streaming is the level of engagement from listeners. Dave points out that streaming often leads to passive listening, where music becomes background noise to other activities. In contrast, web3 encourages active participation from fans.

"In web3, there are a lot of experiences where there are people who collect a lot of music NFTs, but don't actually listen to a lot of the music, but they're very, very keen on supporting the person," Dave observes. This shift in behavior demonstrates a deeper connection between artists and their supporters in the web3 space.

Cultivating Culture in the Digital Realm

For Black Dave, web3 is not just a technology but a vehicle for cultural expression. He emphasizes the importance of building communities around shared interests beyond just the music itself. His Discord server, for instance, focuses on cultural topics rather than NFT discussions.

"We don't have an NFT chat. We only have cultural chats. It's an anime chat, a fashion chat, a sneakers chat, a gaming chat," Dave explains. This approach fosters a more holistic connection with his audience, transcending the boundaries of traditional fan-artist relationships.

The Clubhouse Effect on NFT Growth

Dave's entry into the web3 music scene was significantly influenced by his experiences on Clubhouse, the audio-based social media platform. He credits Clubhouse for providing a space where artists and collectors could engage in real-time discussions about NFTs and blockchain technology.

"Clubhouse wouldn't have done what it did without Board of Yacht Club," Dave notes, referring to the popular NFT project. The platform created an environment of infectious energy around NFTs, similar to the excitement fans feel when attending live concerts.

Transitioning from Clubhouse to Twitter

As the NFT space evolved, Dave observed a shift in the community's focus from Clubhouse to Twitter. This transition marked a change in the nature of interactions within the web3 music community.

"I think when we all moved to Twitter, it sort of shifted a lot towards people wanting to get more in a promotional mode and more into like a professional and like a business mode, as opposed to a really artistic space that I think was on Clubhouse," Dave reflects. This shift highlights the dynamic nature of the web3 music scene and the need for artists to adapt to changing platforms.

Experimentation with Community Governance

One of the most innovative aspects of Dave's approach to music in web3 is his experimentation with community governance. He released a song called "Sharp" as a fractionally owned NFT, allowing token holders to vote on various aspects of the song's future.

"I created a governance model around it and allowed the people who were the owners of the NFT fractionally to vote on the future of the song," Dave explains. This model gives fans unprecedented input into the creative process, from deciding on streaming releases to marketing strategies.

Rethinking the Record Label Model

Dave's approach to community governance in music production presents an intriguing alternative to traditional record labels. By allowing token holders to participate in decision-making processes, he's essentially creating a decentralized version of a record label.

"I think that there'll be a lot of music label models that come to be over time. But I think that this model and variations of this model are the ones that are most exciting to me," Dave enthuses. This model allows artists to retain ownership of their music while giving supporters a stake in its success.

The Evolution of Fan Support in Web3

The web3 space has led to a reimagining of the "1000 true fans" model often cited in creative industries. Dave suggests that the number might be lower in web3, but the level of support could be higher.

"I think the reality for many, many people is gonna be that it's gonna be somewhere in the middle. It's gonna be like a five, six hundred true fans where you have, you know, 600 fans who might spend $150, $200," Dave predicts. This model combines the best of both worlds – dedicated fan support and broader market reach.

Building a Loyal Fan Base in Web3

Dave's journey to building a loyal fan base in web3 involved two distinct phases. Initially, he attracted supporters through his knowledge of blockchain technology and his role in onboarding people to NFTs. Later, he began to attract fans who were genuinely interested in his music and cultural interests.

"I went through sort of two forms where it went from the Dave who was good at blockchain, to the Dave who is good at music and good at culture," he explains. This evolution demonstrates the importance of authenticity and versatility in the web3 music space.

Influencing Industry Giants: The Snoop Dogg Collaboration

Dave's influence in the web3 music space extends beyond his own projects. He played a role in shaping Snoop Dogg's approach to NFT drops, advocating for better integration of web3 native artists and fair revenue sharing.

"When they did their second drop, they actually picked up a few artists in Web3 who had dropped on sound, and I was one of them," Dave recalls. This experience highlights the potential for emerging artists to influence established industry figures in the web3 space.

The Future of Web3 in the Music Industry

Looking ahead, Dave sees a future where web3 and traditional music industry models coexist and complement each other. He envisions artists using NFT releases as catalysts for broader marketing campaigns in the traditional music space.

"Artists will release the song in Web3 first. That will be sort of the catalyst to create a campaign around the song in Web2," Dave predicts. This hybrid approach could offer artists the best of both worlds – the innovative funding and engagement models of web3 and the mass reach of traditional platforms.

Music in the Metaverse

As the concept of the metaverse gains traction, Dave sees enormous potential for music to play a crucial role in shaping these digital spaces. He believes that personalized music experiences will be essential in making metaverse environments engaging and immersive.

"The metaverse is boring without music. The metaverse is boring with stock music, but the metaverse is fun with your favorite music in it," Dave asserts. This vision opens up new avenues for music licensing and distribution in virtual worlds.

The Role of Solana in Web3 Music

While Dave's initial forays into web3 were on other blockchain platforms, he recognizes the growing importance of Solana in the space. He sees Solana as a hub for culture and creativity, particularly appealing to fans of streetwear, sneakers, and rap music.

"All the hype beasts are on Solana. I believe that everyone who's into sneakers and rap music, all the stuff that I've been talking about this whole time, they're all on Solana," Dave observes. This alignment between Solana's community and his target audience presents exciting opportunities for future collaborations and projects.

Challenges and Opportunities in Web3 Music

Despite the innovative possibilities, Dave acknowledges that the web3 music space faces challenges. The need for blockchain literacy and the current friction in onboarding new users can be barriers to entry for both artists and fans.

However, Dave sees these challenges as opportunities for growth and education. He believes that as the technology becomes more user-friendly and the benefits become more apparent, adoption will increase.

The Importance of Community in Web3 Music

Throughout the conversation, Dave consistently emphasizes the importance of community in the web3 music space. Unlike traditional fan clubs or social media followings, web3 communities are often deeply invested in the artist's success, both creatively and financially.

"I think what's happening with the narrative around the thousand true fans versus the hundred true fans is they're both extremes," Dave notes. He advocates for a balanced approach that combines the dedicated support of web3 fans with the broader reach of traditional platforms.

Innovative Funding Models in Web3 Music

Dave's experimentation with funding models in web3 extends beyond just selling NFTs. He has created a token system that allows fans to invest in his creative ideas directly.

"The last thing, the most recent thing I've made is something called Black Dave Token, which is essentially a creative funding mechanism that I created for myself," he explains. This approach allows fans to support not just individual projects, but the artist's overall creative vision.

The Intersection of Music and Visual Art in Web3

As a multi-disciplinary artist, Dave sees great potential in the intersection of music and visual art in the web3 space. His first NFT collection, "Flips," combined elements of streetwear culture with crypto themes, demonstrating the versatility of NFTs in expressing artistic vision.

This multi-faceted approach to creativity is particularly well-suited to the web3 environment, where artists can easily combine different media forms in a single token or collection.

The Evolution of Music Consumption in Web3

Dave reflects on how web3 is changing the way people consume and interact with music. The active engagement required to participate in web3 platforms contrasts sharply with the passive consumption model of streaming services.

"I think part of the reason that first bull run in 2021 has the connotation that it does is because people were taking money everywhere for everything, and we should have moved a little bit more considered," Dave observes. This insight highlights the need for sustainable and thoughtful growth in the web3 music space.

Balancing Artistic Integrity and Commercial Success in Web3

One of the challenges Dave and other web3 musicians face is balancing artistic integrity with commercial success. The direct connection with fans and the ability to monetize work through NFTs provides new opportunities, but also raises questions about artistic direction and fan expectations.

Dave's approach of involving fans in certain decisions while maintaining control over core creative choices offers a potential model for navigating this balance.

The Global Reach of Web3 Music

Web3 technology allows artists like Dave to reach a global audience without the need for traditional international distribution networks. This global reach presents both opportunities and challenges, as artists navigate different cultural contexts and regulatory environments.

Education and Onboarding in Web3 Music

Dave's experience in onboarding new users to web3 platforms highlights the importance of education in growing the space. As he notes, "I liked to brag that I've probably onboarded thousands of people into Web3." This emphasis on education and community building is crucial for the long-term success of web3 music.

The Role of Tokenomics in Music Creation and Distribution

The use of tokens and smart contracts in music distribution opens up new possibilities for revenue sharing and collaborative creation. Dave's experiments with fractional ownership and community governance demonstrate the potential for more equitable and transparent music industry models.

Web3 Music as a Cultural Movement

Throughout the conversation, it becomes clear that Dave views web3 music not just as a technological innovation, but as a cultural movement. The integration of music with other cultural elements like fashion, gaming, and anime in his community spaces reflects a holistic approach to art and culture in the digital age.

The Future of Live Performances in Web3

While much of the discussion focuses on digital distribution and ownership, Dave also touches on the potential for web3 to transform live performances. The concept of token-gated events and virtual concerts in the metaverse presents new possibilities for artist-fan interactions.

Collaboration and Cross-Pollination in Web3 Music

Dave's experiences, from influencing Snoop Dogg's NFT drops to collaborating with other web3 artists, highlight the collaborative nature of the space. This environment of mutual support and cross-pollination of ideas is fostering rapid innovation in the music industry.

The Importance of Authenticity in Web3 Music

Throughout his journey, Dave emphasizes the importance of authenticity in building a successful career in web3 music. His approach of being true to his interests and cultural influences has allowed him to build a genuine connection with his audience.

Conclusion: A New Frontier in Music Creation and Distribution

Black Dave's journey as a web3 native musician offers a glimpse into the future of the music industry. By leveraging blockchain technology, NFTs, and community governance, he is pioneering new ways for artists to create, distribute, and monetize their work. As the web3 music space continues to evolve, it promises to offer more equitable, engaging, and innovative models for both artists and fans.

The intersection of music, technology, and community that Dave embodies represents a new frontier in the creative industries. As more artists and fans enter this space, we can expect to see further innovations that challenge traditional industry models and open up new possibilities for artistic expression and fan engagement.

As the Solana ecosystem continues to grow and attract culturally-aligned communities, it's poised to play a significant role in the future of web3 music. Artists like Black Dave, with their finger on the pulse of both technology and culture, will be at the forefront of this exciting new era in music history.

Facts + Figures

  • Black Dave started his music career in web3, gaining his earliest fans through the blockchain community.
  • Dave's first NFT was not a song, but an unused cover for an EP he was planning to release.
  • The artist spent 8-12 hours a day on Clubhouse, teaching people about NFTs and onboarding thousands into Web3.
  • Black Dave has approximately 300 people in his Discord server and about 200 collectors of his work.
  • His first music NFT collection was released in March 2021, featuring 20 pieces of visual art with a downloadable song.
  • Dave created a governance model for his song "Sharp," allowing fractional NFT owners to vote on the song's future.
  • The artist predicts a model of 500-600 true fans spending $150-$200 each as a sustainable approach for web3 musicians.
  • Black Dave was one of the artists featured in Snoop Dogg's second NFT drop on the sound.xyz platform.
  • He created a token called "Black Dave Token" as a creative funding mechanism, with tokens costing about 20 cents each.
  • Dave sees Solana as a hub for "hype beasts" and fans of sneakers, streetwear, and rap music within the web3 space.

Questions Answered

What does it mean to be a web3 native musician?

Being a web3 native musician means starting your music career directly in the blockchain space, rather than transitioning from traditional platforms. For Black Dave, it involved gaining his earliest fans through web3 communities, using NFTs as his primary release method, and leveraging blockchain technology for fan engagement and monetization from the very beginning of his career.

How does community governance work in web3 music?

Community governance in web3 music involves giving NFT holders voting rights on certain aspects of a song or project. In Black Dave's case, he released a song called "Sharp" as a fractionally owned NFT, allowing token holders to vote on decisions such as whether to release the song on streaming platforms, marketing strategies, and how to allocate funds from the project's treasury. This model gives fans unprecedented input into the creative and business processes.

What advantages does web3 offer over traditional music distribution?

Web3 offers several advantages over traditional music distribution, including direct artist-fan connections, new monetization models through NFTs, and unified fan engagement across platforms. It allows artists to retain ownership of their work while giving supporters a stake in its success. Additionally, web3 enables innovative funding models, like Black Dave's creative funding token, and provides opportunities for community-driven projects and collaborations.

How is Solana positioned in the web3 music space?

According to Black Dave, Solana is becoming a hub for culture and creativity within the web3 space, particularly appealing to fans of streetwear, sneakers, and rap music. He sees Solana as attracting "hype beasts" and culturally aligned communities, positioning it as a potentially significant platform for future web3 music projects and collaborations.

What role does the metaverse play in the future of web3 music?

The metaverse is seen as a significant opportunity for web3 music. Black Dave believes that personalized music experiences will be crucial in making metaverse environments engaging and immersive. This opens up new avenues for music licensing, distribution, and fan experiences in virtual worlds, potentially transforming how we interact with music in digital spaces.

How does web3 change the artist-fan relationship?

Web3 fosters a more direct and engaged relationship between artists and fans. Through NFT ownership, community governance, and token-based systems, fans can have a more active role in an artist's career. This can include voting on creative decisions, sharing in the financial success of projects, and accessing exclusive content or experiences. The result is a more invested and connected fan base compared to traditional music industry models.

What challenges do web3 musicians face?

Web3 musicians face several challenges, including the need for blockchain literacy among potential fans, the current friction in onboarding new users to web3 platforms, and balancing artistic integrity with community expectations. Additionally, navigating the rapidly evolving technological and regulatory landscape of web3 can be challenging for artists new to the space.

How does Black Dave approach building a community in web3?

Black Dave builds his community by focusing on shared cultural interests beyond just music. His Discord server emphasizes topics like anime, fashion, sneakers, and gaming, rather than solely discussing NFTs. He also engages directly with fans through various web3 platforms, onboards new users to the space, and involves his community in aspects of his creative process through governance models and token systems.

What is the future of live performances in web3?

While the conversation primarily focused on digital distribution, the future of live performances in web3 could involve token-gated events and virtual concerts in the metaverse. These new formats could offer unique, immersive experiences for fans and new revenue streams for artists, blending the energy of live performances with the technological capabilities of web3 and virtual reality.

How does web3 change the economics of being a musician?

Web3 introduces new economic models for musicians, including direct sales of NFTs, fractional ownership of songs, creative funding tokens, and community governance systems. These models can potentially provide more sustainable income streams and fairer revenue distribution compared to traditional streaming and record label systems. Additionally, the ability to offer unique digital assets and experiences can create new value propositions for fans, potentially increasing the overall economic potential for artists in the space.

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