Yes, they speak very very fast. I can't understand nothing. Man, that man Russian is difficult. I mean, it's not difficult. It's very different from our native language, you know? Yeah, the, the, the, yes, but
phonetic phonemms don't yeah yeah but yeah you are a polylots you need to even though that with a neighbor native speaking person you you have some some issues like because of like
of comments, you know, you don't have this
you know the language, like you can practice and
become like a fluent speech.
I'm here for another teacher because I don't know if you know my teacher. I'm just a band.
I think you're being rugged. Or is me. But now I'm back. I'm back. You're here.
Yeah, do hit me. Yeah, perfectly fun. Yeah, okay. So they for those that the guys that don't know today is actually a holiday in Brazil. So this is Friday for us a little bit of Saturday or Sunday feeling like, you know, it's holiday season.
And what you do on a holiday usually? For ripe dry folks, usually on a holiday you work. Because there is no holidays on a holiday. You have events like Shopell and I, stuff like that, or the merge that feel like the holiday but it's too hot.
There's no holiday on all right, they're hurting goodie. Herries are holiday going GM GM my holidays amazing. I'm still a bad man. That's the perfect I'm literally like I just woke up for
participating in this GM. So yeah, I'm leaving the dream today, man. Even though I'm going to work right now, I'm going to pass like, all afternoon, all afternoon working. It's good sometimes to let it go and like, wake up a little bit later. But GM to everyone, I'm happy that I had a great sleep today.
Dear Jim I have for you man. You are the guy that don't like living so I have for you I'm very happy for you and yeah, no I'm trees all about that no you can't work wherever you are. I'll just need to be there and
be present and skilled in everything. That's awesome. How are you doing Hermes? Hermes is exactly the guy I'm talking about. He always worked from the Nats. I don't know how to pronounce the name of the Nats.
How you doing family? GM? Great Friday for us. How is your holiday? Web trip holiday? What do you do? Couldn't be better.
I use usually with my spare time I tend to use gas fees that are low stuff like that. I tend to do some some minting that I want to do from
because of that. I'm hoping that this will be the case tomorrow, tomorrow, tomorrow, tomorrow, maybe, maybe early in the morning, maybe the guestries will be low in the through Maynatch. Maybe it can mean some stuff there or buy something after you subtract that.
Have you guys mean to this new dog song? I forgot the name that he he published yesterday I tried to make but the guide guest fees were really high I ended up like sending a transaction with a
lower gas fees and I'm going to check now if I mean to them if you are not but yeah man like things are things are growing it's not dog-arrily is releasing a lot of interesting music and like I'm a fan of him so I'm bullish on this music and
lefties of dogs. I saw it today, there's no dog drop and no I didn't get to get one. Yeah, I think he's the biggest, biggest NFT, music NFT person, right?
right now like the most relevant one. Bye for it. Do you have, do you guys have any music and I've seen? I tried to bring out this subject yesterday but no bar seems to care about it. I care about it.
have any any and miss get a feed any no I care about but I don't care enough I don't care enough to spend money on it I'm sorry could you how can I how can I you know
How can I mint? Where's the link so I can have this NFT? Just because I think, oh look there, my POV is that? Probably I would speak very very weird because I'm with the Russian grammar in my head, you know.
I think they are trying, you know like the music in the community is trying, like yeah let's make this happen and nothing happens. Let's make
this happen and nothing too big it happens unfortunately I have a lot of cool artists that I like like WebTune or more I just music that drop it some music and have to use it I like I didn't buy it because we're quite excited
expensive. But I can mention here, the chainsmokers did drop something, Kings of Leon did drop something, Mick Chance dropped something. So yeah, I think you are reading for Actimon keys in the neighborhood to drop something. And everybody.
Yeah, and how about two Hermes you have do you have musical after these or not you have to shoot my bags my friend
No, I never. I've never minted a Musky NF team. I don't know. I used to have a lot of Musky in my life.
But lately, it's not that like that, you know, I have not been like enjoying Muski as much as I should lately.
It has nothing to do with Web Tree or stuff, it's just my way of living lately. I get this time as well. I think music is something that we can forget.
most people get used to not have music underlars but I think it's always great to have something because it is a inductor of mood you know of vibes you can create a you can set up a vibe for your work or whatever you're doing that's the
That's a powerful stuff that you can bring into your life. So I will go to Kuri. I know that Kuri have some MFTs, some music and FTs. Show your bags, Kuri. Why don't FTs you have on music?
I just love music and I got a confiars that I do not give enough attention to music and of these but I have some Snoop Dogg not the ones that we were talking about this is not the drop that I'm mentioning but I remember that Snoop Dogg did some
music drops sometime a while and I bought them because come on it's just not dog like the if it isn't for the music and if it is for the culture and I love the dog being on web 3 and launching music and I know I just remember that the and after that I mentioned
earlier that he opened the mint yesterday there will be a golden egg on it even though it will be like there will be a lot of copies of that NFT it will be a golden egg you will exist a golden egg and it will be real
someone that has the music that he released yesterday. And it's very interesting because it's a unreleased song from Snoop Dogg from like I think more than 10 or 15 years. So yeah man, I also had some other other but this
These ones are the ones that I will not sell like it's basically I'm gonna consider myself a collector in music and FT is not a flipper or a trader because I just love music and I love the artist behind them and yeah man that's my shield for today bro.
Yeah, I think thanks for that because this last call I'm a more collector than a flipper. I think this is the most feeling of music and FTS nowadays is that you collect stuff. I have been collecting some stuff not not too much. I don't have
I don't have the bag of Copa trooper, I'm not the guy, not yet. But I have some NFTs here mostly from upcoming artists that I've been green and joy, they're doing web2 and web3, they're dropping some stuff there and here, here they are. Some of them is great
We invited graded I like his style of music Thomas Harris as well. There's Thomas Jack. Sorry Thomas Jack He's more from the turning background EDM Well, I have the sound dot xyz
the first mix tape they created a mix tape with all the muskets that in the first season of sound.xraz launch they dropped it like an air drop for everyone this mix tape I think was awesome this
This memorabilia that they're creating on SoundCloud, that's what I see. I think it's awesome. I think this is the best model so far. And what is interesting from SoundCloud's X, Y, Z? I will show them a little bit here.
most people think on music and ftss collectibles and I think that's right for most people that's that's the way to go because in that way they have value I really like having them posting them is the way to support artists is the way to discover new artists pretty awesome
this tool of collecting it. It's like lens and when you collect a post it's the same thing. But at the same time I think it lacks a little of liquidity because a market like that you need liquidity. You just collect for collecting
you'll never can sell this or it's not an FTE field if you can really sell it or you can give the asset it's not assets it isn't asset but you can do anything with that financially speaking and I think that's basically basically
It is lacking in the market of music and fts. Most people don't buy it because I can listen for free, I can like the music. But I will not collect because this money will be stuck here and I will never see this money again.
Okay, some people compromise that and buy it thinking on that but most people like to collect because they want to get valued over time and if they are just goals well, if the drop
So, another other music there are pretty good and pretty awesome and goes to a wider audience. They want to get, if they discovered, if they supported artists first, they want to dare enough to get better. It's more overtime. But this don't happen yet because we don't
have liquidity enough. So what sound docs XYZ did they created sound swap and that's what I think is awesome because we are in the same effort we are in the effort of creating liquidity what they created but they created only for the for the sound docs XYZ drops only for that NFTs they created
create a mm, they create a mm, they can buy it in a cell instantly, you're an FTs. That's awesome, that's totally, totally awesome. And I think that's lacking, you know, that exactly is what is lacking in an FTs, is the music in FTs, actually. It is volume and
It's been a tradeable asset and this will help a lot to NFTs get more valued to also artists getting royalties out of it. That is very important as well. I don't think
that hard road needs to be like the main revenue but it can be a good revenue for a good artist that have a tradable asset. Here are tradable collectible. What do I think? I'm tripping here or this makes sense, this liquidity stuff to
You are telling the right, when you start to think about royalties, I don't even call it royalties in the traditional market. Man, you see all the platforms being very rich and the artists are
I didn't evaluate it in the right way. They worked too hard to launch a collection to launch a song to launch an album. And yeah, in the end of the day, they're not being paid for all its work.
Yeah, in the traditional market you get like pennies like little cents for a penny that's sad and it is
like the way that farmers do, you know, I know that Spotify for instance is the biggest platform. They pass forward to the order to something like 15%.
of the revenue, 15%. That's the cut of the artist. So I'm not saying that sportsmen don't have a work on
on their platform, they don't have cost like operational costs, but just 15% that is pretty not reasonable. And I think that's in this either it is an industry that is
I have a question. Why? Why? Why? Why? Why are you into this? I know that you are not an artist, so that's not your direct motive, but what's your motive?
Well, I think the music music music as an industry is a design industry that has been changing for a lot in the past 20 years and the past 20 years a lot of things changed. I wasn't here to witness all that but I was here to
read the past and know about the LP phase, you know, disco phase and after CD we had MP3 and we had Napster and we had streaming now. So it is
industry that is pretty evolving and disruptive in the last years and I think it's industry that is pretty massive so it's like gaming you know gaming is pretty massive a lot of people getting
with it. So I think music and FTs it is a way to mess with the option in a way. I don't think mass, mass, adoption but I think it's a way to be out there and people get their first time. I think it's
industry that we have been seeing developments and disruption but at the same time it is pretty hard to get new artists on board. I'm not saying that you need to give opportunities to everyone because it's not how it works. We have several
certain amount of people and certain amount of attention and time to this stimulus we don't have the luxury of giving opportunities to everyone. But I think that we have awesome artists that don't have the resources to start. As I said, you have production costs and all this stuff like that.
And the return is not clear. So record labels, they work as a bank essentially. What they do, they anticipate the money to their to their artists that they they were higher. So they anticipate the money in an ordered of 10% of
or the music or the single and they get the money they get all the money not artists they are just already received for it essentially they are a bank essentially they they do this credit no they eleven they leverage
they use you as a leverage. They do this because essentially the artists don't have the means to go viral or stuff like that, to distribute and the money to produce, to production. So with the digital world
Now with soundcloud, imagine soundcloud, soundcloud trap or soundcloud trap. It was something that happened. A lot of people created music in their bedroom and uploaded to soundcloud and created a genre. And a lot of people like it, low-fi,
Emerger from that essentially so yeah nowadays with digital world it is easier to products and easy easier easier to Distribute is not easy. It's easier And I think millions can have this is is maybe can be the fixer of this
money for a lot of artists. I don't see it differently. I don't know if I answered the question, but it's an industry that I am very close to it for my whole life.
I have been closed for my whole life so it isn't history that I see the pain points. Yeah, I got it. Cool. Yeah, I like it.
Oh no, yeah, yeah, just just want to know your motives because yeah, I can see the value of course I can see I'm I love this ecosystem so I can see the value but I can't I didn't got touched
Yeah, you know, there's not a voice in my head saying oh by a music and FT not yet Maybe when it this voice appears to you will be late. Yeah, I think we need to consider I hope it never happens because it was kind of scary
Let me honest with you, it is not very appealing today for the user, for the buyer, for the collector. It is very appealing for artists, just look at them and look at them.
look at this and see freedom. And that's the thing that I want. I want the artists to see music and have this as freedom as a way to get in touch with their fan base, with their first earlier supporters. But I add
the same time for the user experience is not there yet. Sound doc xyz created a guking location in their platform you have your stand, you collect both their aligns
It's really beautiful. You have this as as Kudis said you have the golden egg you can receive the golden egg if you are a view of our dealer to one You can receive birds you can see if adrops you can receive mix tapes stuff like that. This is all carefully signed
But we are not yet there. Maybe we can make, we are emulating. We are in the phase of emulating the same stuff that we have in physical or are they having spots for it. But the great part that I'm waiting for in
We are not there yet, it's when we are creating stuff based on this. We create a PFB, the hope you have been industry, that is not a small industry. Evolve it from that, started with crypto banks.
We have different diverse cartoonish ones, we have 3D ones, we created a whole series of characters.
whole industry that didn't exist, didn't even people thought about it. So maybe music and fts will be the same path, maybe album covers or music covers like in this post-filant photography. That's not the way to do it.
I think that is garland cheese that muskies nfchisa will be something I have said that many times before here I have a lot of faith in muskie nfchisa I think that is just we are just not there yet, you know the way that are doing it is is is not the way
I expect it to be yet. And also, I mean, even though, okay, I recognize Snoop Dogg as an artist, I recognize Rihanna and other artists that are releasing songs, but I mean, I'm waiting for a lead zapping one, you know, stuff like that.
I'm not in the mood to collect you on NFT that it doesn't seem, doesn't look collectible to be honest. You know, I think this, the whole trend around music and fts right now is not around about being in a
And this open edgitions and stuff and I mean this is not yet what I'm looking for. I think that as a collector because I consider myself much more a collector than a flipper. As a collector I didn't find an opportunity to do that.
opportunity that I have recognized as a good one yet. I don't see myself or anybody else like it 10 years from now flexing. Hey look this open edition, new re-hunter song and everything.
I think the new scheme industry didn't find out yet how to mix wetry and NFTs and their product yet. I think that I was messing with Danny, but I think that this is pretty much how she
feels how she was describing it too. So that's what I'm expecting. I'm waiting for them to find a way to make it interesting enough. I don't think that they can just leverage the stuff
to score. I think they need to come up with something new, something innovative, something disruptive. And I'm not seeing any of that yet. So I'm waiting. But I'm pretty sure that music will be huge in Web3 and stuff. And I'm looking forward to that.
Yeah, they know how to monetize their art. They already know it. They already know that they don't need to use a stream platform anymore. They know they know, but they don't know yet how to reach buyers. That's the point. What I've been seeing
lately and I think that it will be one of the ways that both industries will mix well together. I've been seeing collections creating their own stuff, their songs. I mentioned it a collection yesterday in our call.
called the "Fat Rat" and they just released a video clip and a song that was created by the community. They have an artist there and they kind of help it. I'm not familiar with the details of it.
it but it's a collection song you know and I think this is a very nice approach to that I think that every collection has like people that can do stuff like that but they are I mean you have M&A and Snoop Dogg in the in the
monkeys for example but they are certainly bound to so strict contracts you know and rules they cannot just go there and create a song for the collection or with their friends in the collection and stuff like that but people from from the other collections they
can't they can't do stuff like that. I mean eventually you a very talented person will create something awesome in a collection with a collection brand and then we will start to get there and that's the value of the CC0. Yeah but what I want to say is
that today if you want to buy an art will be difficult I mean physical art or traditional art you will be difficult you cannot buy it easily so it's easier to buy an NFT that's why I think that an NFT market exploded but today it's easier to
listen to music on Spotify then in Web3. So I think this edition will happen when listen to music in NFTs, listen to NFT music or in Web3 platforms will be easier to
to listen then in that traditional way that's my point here. I agree 100%. I mean this is relative because it is very easy to turn on the radio but you
Usually even when I'm driving, you know, I have my phone in my ear and I'm listening to some random space. I'm not even listening to radio anymore. But I agree with you that it got to be easier. Not necessarily that we need to
leverage the structure that we have now like radio and stuff but to find the stuff to to reproduce the songs and like to to make it all functional functional you know yeah it is not not just hard I don't think that
they figured out how to do that yet. So it's not even a matter of UX or whatever, it is a matter of creating the whole stuff. And I think that we have something that are like preventing the industry to come here.
I just mentioned it, radios. And these guys, they own radios, they own journals, they own the vision. They are too deep in the traditional industry, like they have common joints
inventors and stuff with the very traditional companies from the entertainment. So they are still on their bubble. Once their money starts getting in WebTree and this is inevitable, it's just a matter of time for sure. Then we will certainly get there.
when they start to flip their mind. I mean, we are still very early here. We forget about that all the time, right? Because we spent one month here and it seems like it's been five years, but we will get there. And this is awesome that we are here first.
I agree with you, Herman. And you need to listen some counter music to get into the vibe, you know? Yeah, yeah. I have this task to fulfill today. I'm on it. I'm on it. Okay. That's it, guys.
Thank you for being here. Thank you for sharing a little bit of our thoughts on our actual life and music and FTs. Jam, jam, Drew guys. Jam, the ones that will have a day forward. Jam, the guys that will back to his lab. Yeah, and it's the holiday. Sorry.
See you soon. Yeah, yeah, I will interview Danny in 25 minutes. Yeah, have fun guys. Thank you. Have a great weekend. Great, great day. Bye. Bye. Much love. Much love.