music

Camp Network announces the launch of a global music Remix creation incentive program, offering a total prize pool of $10,000 (5000 USDC + 5000 MIRROR) open to creators. This Remix program has received authorization from several world-class musicians, including Richie Hawtin, Imogen Heap, Dixon, and artists from the mau5trap label. Creators can use officially authorized music Stem materials for Remix creation, and outstanding works will have the opportunity to share in the prize pool.Camp Network states that it is establishing new industry standards for music IP co-creation, authorization, and monetization in the AI era, and emphasizes that the revenue artists earn from allowing fan Remix creations has surpassed their annual streaming income.

Camp Network announces that it will introduce the prediction market model to the music festival IP field for the first time. The first stop will launch this weekend at the DWP music festival, which has over 90,000 participants, where fans can predict in real-time the live performance trends of headliners like Skrillex, Calvin Harris, and Steve Angello.Camp Network stated that this move marks the first time a multi-billion dollar prediction market track has been combined with large music festival scenes. Traditional predictions have mostly focused on sports events, and Camp Network's innovative model will provide fans with a new interactive experience.The platform plans to promote this model to over 50 music festivals worldwide, reaching millions of fans and continuously expanding the application scenarios of Web3 in the cultural and entertainment fields.

Camp Network announced a partnership with the renowned music festival IP "808 Festival" to promote the tokenization of music festival assets. Through this collaboration, Camp Network allows music fans to hold revenue-generating music festival IP and participate in performance voting, win backstage passes, and other exclusive rights.It is reported that the 808 Festival attracts over 200,000 attendees each year, featuring top DJs such as Dom Dolla, Odd Mob, and Sammy Virji. Camp Network stated that the music festival industry is a multi-billion dollar category of intellectual property assets, and it is driving the transformation of such music festival IP towards asset tokenization, connecting global artists, millions of music fans, and real-world assets.

Camp Network announced a partnership with All Access to tokenize 53 music festival IPs worldwide. The music festival brands involved include It's The Ship, DWP, 808 Festival, S2O Festival, and Sunset by NEON, among others.Camp Network stated that this is the largest music festival IP tokenization practice in history, transforming global entertainment IP into an investable asset class and converting culture into an on-chain economy.

The music RWA platform Melody announced on its official Twitter the launch of its official website and the opening of the Waitlist. Users who join the Waitlist will have the opportunity to receive an invitation code to experience the Melody incentive testnet.It is reported that Melody is a fully on-chain music RWA liquidity platform, where the circulation of assets and revenues is entirely realized on-chain. It not only innovates the financialization path of music assets but also empowers the global music community. Recently, it has opened the Open call for the 1st Musician Residency.

Bitget, as the first cryptocurrency industry partner of the top music festival UNTOLD, will make its appearance at Dubai Parks & Resorts from November 6 to 9. The two parties will embark on a cross-border journey themed "Feel the ₿eat," blending music, technology, and culture.The main stage installation by Bitget is designed by renowned Dutch visual artist Julius Horsthuis, who has collaborated with artists such as Avicii and Lady Gaga, and whose XR work Fractal Time has made it to the Forbes list. The centerpiece is a 10-meter high LED light tower, featuring seven sets of custom VJ visual loops that symbolize Bitget's seven-year journey, presented in both day and night modes. Audiences can "awaken the light tower" through interactive tiles, triggering original music composed by Dutch composer Chris Kuijten, achieving an immersive resonance of visuals and sound.At the same time, Bitget will continue to collaborate with Pulsar Money to launch an interactive reward program totaling $60,000, bringing an immersive on-chain experience to UNTOLD Dubai audiences. Participants can share the prize pool through interactive tasks and receive limited-edition merchandise, experiencing the energy resonance of Web3 and music culture.

ChainCatcher news, Memecore is hosting the Lotte World Music Festival during the Korea Blockchain Week (KBW), inviting a powerful lineup of guests including Jay Park, Gray, Hol Ybang, Chung Ha, ZionT, Giriboy, Lee Young Ju, and Park Semi. During the event, all roller coasters in Seoul can be enjoyed for free.Event Date: September 23, from 11 PM to 5 AMEvent Location: Lotte World, SeoulIt is reported that MemeCore is a Layer 1 built for Meme 2.0, connecting creators and communities through memes and DApps.

ChainCatcher news, the on-chain music platform Coop Records has announced the completion of two rounds of financing, with a total amount of 4.5 million USD. This round of financing was led by 1kx and Nascent, with participation from institutions such as 1confirmation and CB Ventures through the Base ecosystem fund. The funds will be used to advance the development of the Coop Records music startup platform.

ChainCatcher message, the AI and blockchain-driven music co-creation platform Fireverse officially announced today a collaboration with Mr. Wong Kwan Chung, a member of the legendary rock band Beyond and the godfather of rock, to jointly launch the "Beyond Limits" AI music creation challenge.The competition is open for submissions from users worldwide, and participants do not need any musical background. They can generate songs online simply by "communicating" their ideas with Fireverse's AI music production tools. All works will be played, interacted with, and voted on within the community, with the final judging done personally by Wong Kwan Chung.Fireverse has set a total prize pool of 3500 USDT for this event, covering ranking rewards and redemption rewards. Participating works also have the chance to be selected by Wong Kwan Chung for performance and to share in music copyright revenue, with the potential to gain significant exposure on concert stages.In addition, Fireverse has announced that it will launch an IP staking pool in October, which will distribute a portion of the Web2 revenue generated from music collaborations as ecological rewards to users participating in the IP staking pool.

ChainCatcher news, Bitget, as the first crypto sponsor of the European music festival UNTOLD, will launch an immersive digital interactive installation --- ₿itopia (Crypto Utopia) on-site at the Romanian music festival from August 7 to 11, creating a sensory feast for global music lovers that integrates installation art, interactive technology, and crypto culture.The ₿itopia installation is collaboratively created by the renowned creative studio RenaiXance along with artists Steven Mark Kübler and creative directors Otto Plesner and Miroslava Arangutia, deeply integrating Web3 and the core of music culture. The installation centers around Bitget's mascot Bunz, featuring a 360° mirrored art space where visitors can step into its "heart" location and trigger AI-generated real-time floral images through a biometric heartbeat sensor, presenting "heartbeat-driven visual co-creation." Each participant's heartbeat will be incorporated into blockchain visual art.

ChainCatcher news, Camp Network announced that it will host an AI electronic music concert on August 9th at 10 PM. At that time, Mike, the head of Camp Network Asia-Pacific, and Ritty, the resident DJ of Camp Network, will present a Techno & House electronic music performance driven by AI-native music IP.Camp Network community members and electronic music enthusiasts can watch the live event through SideKick.

ChainCatcher news, Bitget has announced that it will become the first crypto sponsor of the European music festival UNTOLD, participating in this year's 10th anniversary celebration "UNTOLD X" in Romania this August, as well as a special event in Dubai at the end of the year. The event is expected to attract over 400,000 attendees, and both parties will bring a more immersive Web3 live experience to global users, focusing on the integration of Web3 and music culture.As one of the top three music festivals in the world, UNTOLD enjoys an international reputation, gathering many top artists each year, including Imagine Dragons, Lenny Kravitz, and more. This year's 10th anniversary edition will feature a star-studded lineup led by Post Malone, Armin van Buuren, Tiësto, and Martin Garrix.This collaboration continues Bitget's ongoing exploration in the field of cross-industry partnerships. Following La Liga, the MotoGP World Championship, Bitget is continuously introducing Web3 elements into more mainstream cultural scenes, attempting to establish a broader connection between digital assets and popular culture through participation in global music festivals and other forms.

ChainCatcher news, according to Decrypt, former FTX CEO Sam Bankman-Fried (SBF) has become one of the main characters in the satirical musical "Luigi: The Musical," which is set in Brooklyn prison and imagines SBF as a cellmate of two controversial figures—Luigi Mangione, who is accused of murder, and Sean "Diddy" Combs, who is involved in sexual offenses.The role of SBF in the musical is played by actor André Margatini, who mimics the style of TED talks, mocking Silicon Valley and its culture of arrogance, even singing "Bay Area Baby" to satirize his own privileged background. After its premiere at the Taylor Street Theatre in San Francisco, the show quickly sold out and will have an additional performance on July 13 at The Independent, which accommodates 500 people.

ChainCatcher news, according to Cointelegraph, musician Jonathan Mann nearly lost all his funds after earning $3 million through NFT sales due to the cryptocurrency market crash and tax issues. He turned this experience into a song to warn crypto investors about tax risks.In January 2022, Mann sold 3,700 songs as NFTs at a price of $800 each, earning about $3 million in ETH. Due to not cashing out in time and the drop in ETH prices, he faced a requirement from the IRS to pay taxes on the full income, amounting to $1.095 million. To offset the taxes, he collateralized his ETH to borrow through Aave, but lost 300 ETH in a chain liquidation triggered by the collapse of the Terra ecosystem. Ultimately, he was forced to sell an Autoglyph NFT he had purchased earlier for $1.1 million to pay the taxes. Mann stated that despite the heavy blow, he continues to create and release NFT songs daily, hoping to achieve success again.

ChainCatcher news, according to Cointelegraph, musician Jonathan Mann recently disclosed that he made approximately $3 million by selling 3,700 song NFTs in January 2022 (received in ETH). However, after the market crash, this profit was almost entirely lost due to the devaluation of cryptocurrency and tax issues.Mann stated that the IRS required him to pay income tax based on the value of ETH at the time of sale, with a tax bill as high as $1,095,171.79. To cope with the liquidity crisis, he collateralized ETH to borrow through Aave, but was liquidated during the market turmoil triggered by the collapse of the Terra ecosystem, losing 300 ETH. Ultimately, he raised $1.1 million by selling early-held Autoglyph NFTs to pay the taxes.Currently, Mann continues to create and sell song NFTs daily, but has not yet returned to his previous profit levels.