Smash Notes
Daniel Dewar
Episodes
Notes
Forward Thinking Founders · FI - Daniel Dewar (Paperchain) On Making Money As Musician Online
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Why Does Daniel Dewar Doubt Blockchain Will Replace Music Streaming?
Daniel Dewar, founder of Paperchain, says blockchain ideas for music are interesting, but throughput does not scale to the industry and the software is too hard to use. Few listeners will manage a MetaMask wallet and private keys, or buy a token just to play a song. A blockchain-native Spotify still has to recruit artists and fans. He says a five or ten million dollar raise cannot compete with Spotify spending about $25 million a month on marketing. Paperchain started as a blockchain project for checking rights among publishers, performing-rights societies, and streaming services, then followed the money. It still prices streaming data and lends against that value with decentralized finance,
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What at Other Opportunities in the Music Industry
The main opportunity is in the musician fan relationship. The value the musicians are creating isn't always captured by them.
Helping artists with their revenue model is key.
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How Can Paperchain Help Artists Collect More Money
Streaming didn't create new issues but it brought to light what was already happening.
Everyone streams now, which is a shift for artists.
Although many micro-transactions occur, it takes a while for that revenue to come back to artists.
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How Does Daniel Dewar's Paperchain Pay Streaming Money Early?
Daniel Dewar describes Paperchain as the fastest way for creators to reach streaming revenue before the usual payout. Paperchain works with record labels and artists, connects to their Spotify, YouTube, or Apple feeds, and prices the streaming data so the team can see what a catalog earns each day. It can then advance any portion of the upcoming royalties. The artist or label does not have to wait out the normal royalty delay to use the money.