Nomad Media Club is set to launch a Web3 based music streaming platform that hopes to disrupt subscription-based streaming and offer fairer payment to artists.
The startup will begin with the late April launch of a “holistic home for audio sharing and social networking, with full platform access gated by ownership of NFTs.” This will serve as the first digital building block for a Nomad Mediaverse with “open borders and monetization opportunities for all creatives.”
“Our long-term aim is to create a decentralized platform featuring educational tools for aspiring musicians to benefit from new alternatives to traditional music distribution, as well as layer two utility that allows for even the smallest artists to commercialize their works,” said Nomad Media Club co-founder, Amine Oubrahim. “The strong community we’ve built encapsulates our core values of curiosity, freedom, and connectivity, and through the people-driven elements of Web 3, we’re hoping to enable success for a new generation of Metaverse artists who otherwise may not have had a home for their work.”
How Nomad Media Club Works
Upon launch later this month, whitelisted members will be able to purchase one of Nomad Media Club’s 5,000 unique and metaverse-ready Founders Pass NFTs as Generation 1 of the Nomad Mediaverse launch. The pass will enable the owner to upload and stream original content, network with artists and listeners, and passively accrue crypto while using the platform.
Nomad will layer two protocols that allow artists and podcasters to earn and keep 100% of their revue in crypto royalties. Crypto earned by artists and listeners can then be staked or sold on third-party marketplaces, without the limitations of a typical music streaming platform.
As the NFTs are metaverse-ready, owners will be able to launch their 3D avatar model as an ‘ASSET’ in the Sandbox Metaverse, with all elements available as individual trait-level items, including the Nomad avatar itself, plus the instrument, headphones, and the Nomad’s home planet.
Bruce Houghton is Founder and Editor of Hypebot and MusicThinkTank and serves as a Senior Advisor to Bandsintown which acquired both publications in 2019. He is the Founder and President of the Skyline Artists Agency and a professor for the Berklee College Of Music.
