JOSHUA GARCIA
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cool concept

11/27/2023

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www.digitalmusicnews.com/2023/11/22/fantasy-record-label-vault-music/
check this out...
Vault Music, co-founded by former FanDuel CEO Nigel Eccles, has introduced Fantasy Record Label, a unique game described as a novel approach to fantasy football for music. Available on Vault's Web3 platform, the game allows players to compete for weekly cash prizes by "signing" five acts based on their perceived growth potential, measured by week-to-week changes in Spotify monthly listeners. To participate, players must own at least one NFT from each musician on their fantasy roster. The top 10 rosters, judged by overall listener movement, will win cash prizes. Eccles aims to revitalize the music industry for diehard fans and artists, addressing streaming's payment inequity. Vault Music emphasizes using fandom to financially support artists, with early success stories of artists earning more from a single release on Vault than a year of streaming. The game encourages players to discover, collect, and sign emerging artists, creating a mutually beneficial music economy. In related news, We Are Giant secured $8 million in funding, and Fave, backed by Sony Music and Warner Music, raised $2 million in October. to me personally I think this is a great new oppertunity for fans and artists, what do you think?

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