The Music Industry's Downfall with Austin Hurwitz, SVP of Web3 & Community of Venice Music | Overpriced JPEGs #49

✨ SUBSCRIBE TO THE OVERPRICED JPEGS CHANNEL ✨ https://bankless.cc/jpegs  ----- On this episode of Overpriced JPEGs, Carly welcomes Austin Hurwitz, SVP of Web3 and Community of Venice Music. Venice Music is speeding up the evolution and support process of what it means to be an independent musical artist in today's day and age. Austin shares how the tables are being turned away from legacy music to the next wave of independent artists and the catalyst role music NFTs are playing in this shift. Further, Austin explains what CC0 music is and why its implications could be so powerful. ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://jpegs.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: https://availableon.com/overpricedjpegs  ------ BANKLESS SPONSOR TOOLS: 🔐LEDGER | SECURE STAKING https://bankless.cc/Ledger  🔑COINSHIFT | TREASURY MANAGEMENT https://bankless.cc/Coinshift  🦊METAMASK | THE EASY BUY BUTTON https://bankless.cc/MetaMask  ⚡️IMMUTABLE X | CRYPTO GAMING https://bankless.cc/ImmutableX  ------ Timestamps: 0:00 Intro 2:45 The Venice Music Story 6:40 Music Distribution & Payment Rails 12:52 The Music Industry 15:58 Change is Coming to Legacy Music 23:30 The Psychological Shift of the Artist 25:46 UK Charts & Music NFTs 28:04 New Ways to Show Off Music Taste 31:48 Cooper Turley's Music NFT Program 34:35 How Venice Music is Leveraging NFTs 45:52 Where This Evolves To 48:25 Monetizing Superfans 53:55 CC0 Music NFTs 1:00:25 Early Adopter Advantage? 1:02:44 The Chance the Rapper Case Study 1:09:02 Closing ------ Resources: Austin Hurwitz https://twitter.com/austin_hurwitz  Austin's Newsletter https://austinhurwitz.substack.com/  Venice Music https://www.venicemusic.co/  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures