wavWRLD's Weekly Wavs 🌊🌐🎶 Issue #19
Your Guide to the Best Emerging Artists & Songs in Music x New Internet
gm gm gm gm ay!! What it do my degenerate frens? You already know we’re back with another edition of the waviest web3 newsletter out there. It’s a crazy situation: as the music NFT scene stays on its grind (like we do), the Twitterverse burns around us. Chaos abounds as a new verification system sets us up for … an extreme amount of confusion.
Funny enough, there’s not much to do about it—which in our mind means there’s not much use worrying about it. Shouts out to lenster.xyz for giving us a decentralized alternative. It’s a major source of alpha and you don’t need a .lens to check it out or follow accounts—Follow us at wavWRLD.lens!
Honestly, though, Twitter still feels like the heart of web3 music. The spaces, the connections, the history—it doesn’t feel like people are headed elsewhere anytime soon. So relax, kick back, and laissez les bons wavs rouler!
wavNEWS 📰
Now … with that being said, I have to pause the good vibes for one moment. As of the time of writing, Binance has backed out of a deal to essentially save FTX—the fourth-largest crypto exchange en el mundo—from a very imminent bankruptcy.
Just earlier this week, Binance CEO Changpeng Zhao announced that his company was selling all its shares of FTT (aka FTX’s native token), causing a mass selloff of the exchange’s assets and essentially destroying FTX’s liquidity. When the dust settled, customers had demanded back nearly $6 billion in withdrawals. FTX CEO Sam Bankman-Fried originally said his exchange had the cash to cover these withdrawals … then promptly deleted his tweets.
So. Originally, Binance agreed to a deal to buy off the non-U.S. pieces of FTX’s business—rescuing FTX from its sticky situation. Fast forward, now Binance is backing out of the deal, leaving FTX in a very sticky situation. If the exchange crashes, a lot of the retail investors who kept their money in the exchange might just not ever see it again.
Let me pause here. This is what a worst-case crypto scenario looks like. There is no regulation in this wild west of a market, and if the scale tips too heavily in favor of fear, scenes like this can happen in the blink of an eye.
The web3 music space sits atop the blockchains that power our technological innovation: Etherium, Solana, Tezos, etc. The financial health of those blockchains depend largely on the financial health of the crypto market as a whole—a vast interconnected web where impacts can be felt across the entire network.
It is unlikely that a situation like this would take down the entire market as a whole, but there’s a real possibility that any individual piece can be at risk. The memes have died down (since we all stopped making money), but once upon a time DYOR was the first piece of advice given to newbies.
At the end of the day, we are buying financial assets when we buy Music NFTs—if it’s just for fun, then great. Power to you. But if you’re talking about secondary markets and flipping and floor prices, you’re dipping your toe in shark-infested waters.
Phew! Alright alright alright start the music back up. We’ve got an incredible list of new drops and projects we’re looking out for soon. Check it out!
wavLIST 🎶
Fresh wavs & what we’re listening to this week from the WRLD:
Daniel Allan’s release of his song with Deegan, “Cool Water” on Catalog—the last song on the Glass House EP.
1.2 ETH to be the proud collector of this 1/1
Have you ever wanted to watch a musician/producer’s process to create a beat/song from scratch LIVE? Then with the help of the audience, name it a common food? Then mint it as a music NFT.. all LIVE, on stream, in real-time? Welcome to MaiWorld’s THE KiTCHEN™️—A new weekly live music series where beats (or songs) are created 100% live and minted during the show. *Streamed in the Tokensmart discord.*
Open edition of EP.4 “CUP OF TEA” is available on Manifold for 0.01 ETH until EP.5 drops next Tuesday, Nov 15th.
THE KiTCHEN secondary—Our favorite is “NOODLES,” for the creation of which MAiWORLD was joined by guest chef, Will Juergens.
Fren of the wavWRLD, Black Dave’s drop of his song “Bag” on Sound
10-40 editions at 0.05 ETH
Scoop one up before the public sale ends on Nov 12th at 7pm EST
Nadav’s song “#499 - Water in the Ocean” on Catalog
1/1 for 0.07 ETH
Less than 18 hrs to outbid the current bidder, brokeinvstr.eth!
Ramsay Almighty brings the HEAT with his latest single “HEAT,” which is available as an open edition NFT on Zora until Dec. 31, 2022.
Open edition for 0.01 ETH
You may just get a special airdrop as a sign of appreciation for collecting!
Check out this jam that fam of the wavWRLD, Tadziu recorded yesterday with his looper pedal! Beautiful!!
wavALPHA 👀
Upcoming drops & projects that you need to know about:
LESS THAN 2 HOURS left to cop “DYSTOPIA” - a 24hr FREE MINT by Heno. & Andre Oshea - Available exclusively on ZORA!! Music NFTs, 3D Art & Social Impact all in one!
Today, Nov 10th rIcKy LaKe just dropped the first of its kind–a generative album–on Async Art. Altered is made up of 11 songs with 6,650 possible unique combinations - including 8 legendaries. Each audio element matches to a visual, so when you generate a song, you create original artwork.
Mint party Q&A live in the Twitter space today at 7:30pm PST/ 10:30pm EST– Set those reminders here!
Today, Nov 10th at 5pm EST, Mariana Makwaia releases her first record on Sound, titled “Push Me Too Far”
10-25 editions for 0.05 ETH
Zyla’s got new drops every week as part of their current season—this beaut is up next for public sale on 11/11 at 7pm CET: ZYLA2 - "be seen free" Music by Alex Roth & Alice. Artwork by Jacqueline Nicholls.
Only 4 editions for 0.04 ETH
On Monday, Nov 14th at 3pm EST, Songcamp & Chaos fam HOUNDTRACK releases his first piece on Sound, “Sundreamer”
10-25 editions for 0.03 ETH
On Wednesday, Nov 16th at 3pm EST, the legendary jam band Umphrey’s McGee drops their genesis record on Sound, “Small Strides.”
10-25 editions for 0.05 ETH
wavSPACES 🎙️
NVAK Collective kicked off this morning on the West Coast with a very useful space: Live A&R Feedback with Co-Founders Tamar Kaprelian and Alex Saliban. Listen back for some gems from seasoned music industry vets!
Hop into Decentraland from Nov 10-13th for Kraken Exchange’s 2nd Metaverse Music Festival! The festival will feature over 100 artists, including web3 favorites: X&ND + Leo Pastel + Marty Gerbs + Elyse Rich + Bobby Yaps + AmbieNFT + Jack Frost, and more!
Join artiste extraordinaire Saint Rien this Friday, 11/11 as he rolls out an innovative new collection: Les Pétales de la Genèse. Aimed to provide utility for existing collectors and to be the cornerstone of his releases moving forward, this is not a drop to miss! Space at 2pm ET, mint at 3pm ET. Set a reminder for the space here.
From Saint Rien’s space, kick off the weekend with wavWRLD’s very own Spence the Guru for the reveal party for his revamped name and artistic vibe. Music will be provided.. Drinks? You gotta bring your own. Space kicks off at 4pm ET!
We’re IRL folks with Sound Lounge Live 001! On Nov 16th, Sound.xyz is live at the Peppermint Club in Los Angeles. The event runs from 8pm to Midnight with sounds from some of web3’s finest - Iman Europe, The Park, AbJo, and more. You can RSVP here!
wavTIPs 💡
This week’s tip: Get yourself an education on basic economics. As we are seeing with FTX’s collapse, the fundamentals of business absolutely do apply to the crypto space—and honestly, the more it seems like they don’t apply, the higher the likelihood that at some point everything will be snapped back to reality.
It’s one of those annoying things that’s about the journey rather than the destination. The internet has all the resources you could need, and the most successful people curate their sources of information for a feed that’s unique to them. A bear market, when things are at their harshest, is a great time to get started. Good luck!
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Thanks to our contributing writer Spence & contributing curator Violetta!
It’s all about the wavs we make with friends along the way.
-wavWRLD 🌊🌐🌱