Music3 by MODA DAO
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Music3 by MODA DAO

Owning Music Isn’t Dead.

How music collecting will evolve

Digital Ownership

There seems to be a perception that when you add a digital track or album to your library on Spotify or purchase an mp3 — you own it. But the truth is, you do not. You’re just licensing access to that music, which can be taken away from you anytime, removed from the server, and deleted from your library. You’re renting it, not owning it.

https://opensea.io/collection/bruxmoda

Music collecting — why does it matter?

Collecting isn’t simply about having a music catalog — it’s also about the social value of it all. Those who grew up in the age of the CD and vinyl are often passionate about the music they love, and the physical album and its artwork can be a great way to express that passion. When you buy music, curate it yourself and evolve a selection of music you deeply love, you’re not just buying a song — you’re creating a legacy that reflects your tastes, ideas, and passion.

Where we go from here…

We’ve seen a decline in physical music collections, but that doesn’t mean owned music is dying out. There are plenty of ways to bring collecting and holding music back into the mainstream. More and more performers are educating their audiences about the value NFT-based tracks can bring to their careers and artistry, and the sentiment is slowly shifting. There are challenges ahead. Onboarding and educating people about how to purchase NFT music isn’t an easy proposition, and neither is changing the conversation around NFT music as a collectible rather than a speculative asset. But these changes will happen gradually as we talk about it, explore it, shout about it and create new use-cases.

What are your thoughts on NFT music? Let us know in the comments below!

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MODA DAO is a decentralised technology network and community. Designed for the metaverse and the play-to-earn era, MODA is dedicated to the adoption of Web3 in the music industry via NFTs, micro-licensing, DAO governance and DeFi.

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MODA DAO

MODA DAO is defining the future of music ownership, distribution and publishing via NFT standards, decentralised governance and automated finance.