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Cooopahtroopa
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Crypto is back
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Make or break summer for all of us
Jobs not finished
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Cooopahtroopa
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Crypto is in a stalemate right now. Everyone wants to bring new people onchain but 99% of volume is still driven by the same cohort of ~25,000 crypto-native users. I'm not seeing real interest or demand from people to "get into crypto" and the most successful apps (like Polymarket) don't have any downstream effects which makes those users want to check out other crypto apps or go deeper down the rabbit hole. More and more my friends simply net out at "buy Bitcoin" and frankly I don't think that's a bad take given how safe a bet it is relative to the slaughterhouse that's the memecoin trenches. Anyone else feeling this too?
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One of the biggest things I got wrong about Music NFTs was shouting about it from the rooftops before it was ready for primetime. We have an opportunity to run this back and do it right with songcoins. Namely prominent artists and labels trusting us to tokenize good music. A mobile app to trade without knowing anything about crypto or funding a wallet. Curation to ensure the coins being launched are notable. And a means to earn through real-world actions like listening and making content. This summer feels like a make or break window and I won't stop until we crack the code.
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We launch coins for viral songs on @cooprecsmusic Three out in the wild today on @base Next wave starts in July powered by @dopplerprotocol
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Never going to stop fighting for onchain music. There's a huge stigma around Music NFTs from both sides. Crypto natives have completely written them off and music fans think NFTs are a scam - both for good reasons New chapter starts when the "crypto" piece is invisible and new pricing dynamics using @dopplerprotocol make liquid markets for songs a reality. Pair that with fans earning coins through real-world actions (like streaming a song or making videos using the audio) and something interesting is bound to happen. Coming soon on @cooprecsmusic
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The more I talk to crypto founders the more I realize everyone has the same goal. Build apps that allow new people to earn their first tokens. Whoever does this with the best new distribution funnels wins.
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