Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,432)
  • Analysis (1,615)
  • Bitcoin (2,204)
  • Blockchain (1,298)
  • DeFi (1,521)
  • Ethereum (1,502)
  • Event (56)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,563)
  • Press Releases (2)
  • Reddit (855)
  • Regulation (1,462)
  • Security (2,086)
  • Thought Leadership (3)
  • Videos (41)
Hand picked
  • Tether Mints 1 Billion USDT, Sends Over 225 Million to Bitfinex Before FOMC – 36Crypto
  • Why does Deny Ripple and dry judge request in the XRP case? The lawyer offers 2 reasons
  • Blockchain of layer 1 focused on AI Altcoin Sahara takes drugs after a new list of Binance
  • Coreweave takes a second photo of the basic scientific acquisition
  • BCQE Exchange launches the Insight portal for real -time operational analysis
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Blockchain»Blockchain will be a game changer for independent artists, says Web3 Media president
Blockchain

Blockchain will be a game changer for independent artists, says Web3 Media president

December 2, 2024No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
79418b70 Ae9a 11ef 9f7b 497baff00427.jpeg
Share
Facebook Twitter LinkedIn Pinterest Email


Listen and subscribe Financial Freestyle on Apple Podcasts, Spotifyor wherever you find your favorite podcasts.

Blockchain and Web3 technologies aim to give users the ability to take more ownership of their content on the Internet. For artists and creators, this could actually make it easier for them to profit from their work.

On Yahoo Finance’s Financial Freestyle podcast, Chris Lyons, president of Web3 Media at a16z crypto, Andreessen Horowitz’s crypto venture fund, explained the eventual integration of blockchain into everyday life and how this change can actually make online content creation more profitable.

“You’re going to start seeing whole new social networks pop up where you can actually own 100% of your followers,” he said (watch video above or listen below).

Lyons used the American artist Jean-Michel Basquiat as an example.

“At the time, (Basquiat) was selling a painting for $25,000,” Lyons said. “50 years later, this same piece is now being sold for $100 million, and how much did he get for it?”

Just the initial $25,000, Lyons confirmed.

“But if it was on (the blockchain),” he continued, “what happens now is there’s a smart contract that’s already written inside, so you can say, ‘I’m going to get 10% of every secondary transaction.’ It’s now sold.'”

LONDON, UK - OCTOBER 06, 2023: A gallery staff member looks at a painting by Andy Warhol and Jean-Michel Basquiat, collaboration, 1982-1985, estimate £1,000,000-1,500,000 during a photoshoot at the home of Christie's auction showcasing the highlights of the 20th/ Evening sale of 21st century London, United Kingdom on October 06, 2023. (Photo credit should read Wiktor Szymanowicz/Future Publishing via Getty Images)
A member of gallery staff looks at a painting by Andy Warhol and Jean-Michel Basquiat, Collaboration, 1982-1985, estimated at £1,000,000-1,500,000, during a photoshoot at the auction house Christie’s in London, October 6, 2023. (Wiktor Szymanowicz/Future Editions via Getty Images) · Wiktor Szymanowicz via Getty Images

Lyons hypothesized that through blockchain integration, creators and artists will be able to have “zero-to-one engagement” with their fans, removing the middlemen who currently take a cut of most transactions in line.

“New music platforms will appear where, instead of having to make a million (purchases) for an artist to live sustainably, it is now enough to have 1,000 real fans who can buy your CD every day, buy your products, buy your tickets – and you can actually make a living from it,” he said.

Blockchain will be a game changer for independent artists, says Web3 Media president

Although blockchain remains unfamiliar to those unfamiliar with cryptocurrencies and digital transactions, Lyons suggested it could become as ubiquitous as GPS technology.

“I have a theory that I basically call ‘hiding the wires,'” he said. “The next generation of blockchain technologies or even AI – you won’t even really notice that you’re using them.”

“You talk about financial freedom,” Lyons added, “but we’re still in all these systems that create centralized ownership, and I think the only real way forward is decentralization and blockchain.”

Every Monday, Financial Freestyle host Ross Mac sits down with key guests to discuss their wealth-building journey and what it takes to create a lasting financial footprint. You can find more episodes on our video center or watch on your favorite streaming service.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleMaxbid Pro: The Future of Decentralized Leveraged Trading for Meme Coins
Next Article Solana DeFi Exchange Jupiter to Revise Airdrop Plan After Voters Reject $1.6 Billion in Rewards

Related Posts

Blockchain

The Hong Kong Web3 group emits a plan plan to accelerate the development of blockchain

June 27, 2025
Blockchain

Explore the Cloud Mining Blockchain – TradingView News

June 26, 2025
Blockchain

The Codex supported by Dragonfly launches the blockchain for stablescoins with a native USDC support

June 26, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Philippine Blockchain Week 2025 Welcomes Global Web3 Trailblazers to Manila

June 9, 2025

Manila, Philippines – June 9, 2025 — As Philippine Blockchain Week (PBW) 2025 returns for…

Event

ETHMilan 2025 Returns With a Stellar Line-Up at One of Milan’s Most Iconic Venues

June 5, 2025

Milan, Italy – Mark your calendars! ETHMilan, Italy’s largest international Ethereum and Web3 conference, is…

1 2 3 … 49 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

Blockchain of layer 1 focused on AI Altcoin Sahara takes drugs after a new list of Binance

June 27, 2025

The regulation of the ripple refused while the Torres judge rejects the $ 50 million agreement, the XRP institutional sales remain limited

June 26, 2025

Why does the Pi network bleed while the rest of the crypto soar?

June 26, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 107,354.76
ethereum
Ethereum (ETH) $ 2,442.73
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.10
bnb
BNB (BNB) $ 645.56
solana
Solana (SOL) $ 141.27
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.272441
dogecoin
Dogecoin (DOGE) $ 0.162266
staked-ether
Lido Staked Ether (STETH) $ 2,440.85