wavWRLD's Weekly Wavs đđđ¶ 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 weâre back with another edition of the waviest web3 newsletter out there. Itâs 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, thereâs not much to do about itâwhich in our mind means thereâs not much use worrying about it. Shouts out to lenster.xyz for giving us a decentralized alternative. Itâs a major source of alpha and you donât need a .lens to check it out or follow accountsâFollow us at wavWRLD.lens!
Honestly, though, Twitter still feels like the heart of web3 music. The spaces, the connections, the historyâit doesnât feel like people are headed elsewhere anytime soon. So relax, kick back, and laissez les bons wavs rouler!
wavNEWS đ°
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 FTXâthe fourth-largest crypto exchange en el mundoâfrom a very imminent bankruptcy.
Just earlier this week, Binance CEO Changpeng Zhao announced that his company was selling all its shares of FTT (aka FTXâs native token), causing a mass selloff of the exchangeâs assets and essentially destroying FTXâs 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 FTXâs businessârescuing 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.Â
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 wholeâa vast interconnected web where impacts can be felt across the entire network.Â
It is unlikely that a situation like this would take down the entire market as a whole, but thereâs 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 NFTsâif itâs just for fun, then great. Power to you. But if youâre talking about secondary markets and flipping and floor prices, youâre dipping your toe in shark-infested waters.
Phew! Alright alright alright start the music back up. Weâve got an incredible list of new drops and projects weâre looking out for soon. Check it out!
wavLIST đ¶
Fresh wavs & what weâre listening to this week from the WRLD:
Daniel Allanâs release of his song with Deegan, âCool Waterâ on Catalogâthe 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/producerâs 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 MaiWorldâs THE KiTCHENâąïžâA 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 âCUP OF TEAâ is available on Manifold for 0.01 ETH until EP.5 drops next Tuesday, Nov 15th.
ââTHE KiTCHEN secondaryâOur favorite is âNOODLES,â for the creation of which MAiWORLD was joined by guest chef, Will Juergens.
Fren of the wavWRLD, Black Daveâs drop of his song âBagâ on Sound
10-40 editions at 0.05 ETH
Scoop one up before the public sale ends on Nov 12th at 7pm EST
Nadavâs song â#499 - Water in the Oceanâ 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 âHEAT,â 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 đ
Upcoming drops & projects that you need to know about:
LESS THAN 2 HOURS left to cop âDYSTOPIAâ - 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 kindâa generative albumâon 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 ESTâ Set those reminders here!
Today, Nov 10th at 5pm EST, Mariana Makwaia releases her first record on Sound, titled âPush Me Too Farâ
10-25 editions for 0.05 ETH
Zylaâs got new drops every week as part of their current seasonâthis 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.Â
Only 4 editions for 0.04 ETH
On Monday, Nov 14th at 3pm EST, Songcamp & Chaos fam HOUNDTRACK releases his first piece on Sound, âSundreamerâ
10-25 editions for 0.03 ETH
On Wednesday, Nov 16th at 3pm EST, the legendary jam band Umphreyâs McGee drops their genesis record on Sound, âSmall Strides.â
10-25 editions for 0.05 ETH
wavSPACES đïž
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 Exchangeâs 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 PĂ©tales de la GenĂšse. 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 Rienâs space, kick off the weekend with wavWRLDâs 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!
Weâre 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 web3âs finest - Iman Europe, The Park, AbJo, and more. You can RSVP here!
wavTIPs đĄ
This weekâs tip: Get yourself an education on basic economics. As we are seeing with FTXâs collapse, the fundamentals of business absolutely do apply to the crypto spaceâand honestly, the more it seems like they donât apply, the higher the likelihood that at some point everything will be snapped back to reality.
Itâs one of those annoying things thatâs 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 thatâs 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!
Itâs all about the wavs we make with friends along the way.
-wavWRLD đđđ±