Web3 is creating significant change in our digital world, and the music industry must be integral to that transformation. By adopting advanced technologies, we can foster more fair and respectful music distribution and create significant changes in streaming. This translates to more equitable revenue distribution for artists, better transparency, and a more sustainable and beneficial environment within the music industry.
That’s why we’re teaming up with Dutch start-up Copyright Delta, which has secured funding from the EU’s MusicAIRE fund to further develop the Digital Rights Exchange (DRX), a tool to facilitate safe music distribution to Web3 environments. Through a series of pilots and masterclasses, Copyright Delta will test prototypes with creators and managers to create new revenue streams, educate them on the best use of these opportunities, and finally develop and publish a set of best practices for working in Web3.
We invite pan-European music managers interested in music distribution in a Web3 environment (i.e., digital collectibles, digital pressing, and metaverse activities) to apply for our Web3EU pilot. Prior knowledge and experience with Web3 is NOT a requirement, as Copyright Delta’s team will work closely with participants to guide them to the most appropriate platform, such as 12×12, Serenade, Few and Far, Decentraland, and Sandbox.
While the pilot will primarily take place in the second half of 2023 and is expected to conclude around Christmas, the timing will be customized to the participant’s needs.
We are selecting six to eight participants, each receiving a one-time stipend of €750 intended to cover various costs related to the Web3 release(s), such as promotional assets, visuals, additional content, and other related expenses.
TO APPLY, PLEASE FILL OUT THIS FORM BY JUNE 25, 2023.
Please note that this is an experiment with new ways of distributing music. To qualify for this pilot, participants MUST be able to provide music work(s) cleared for distribution towards Web3 platforms.
Funded by the European Union. However, the views and opinions expressed are only those of the author(s). They do not necessarily reflect those of the European Union or EACEA, and neither the European Union nor the granting authority can be held responsible.