Trending December 2023 # 10 Best Nft Music Marketplaces And Web3 Streaming Services # Suggested January 2024 # Top 15 Popular

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As the NFT music industry continues to grow, so does the number of NFT music marketplaces and web3 streaming services. These platforms allow artists to sell their NFTs and give fans a way to stream and purchase NFT music. These platforms not only provide a way for fans to enjoy music and purchase their favorite artist’s NFTs, but also serve as a means for artists to showcase their work and gain an additional source of income.

NFTs are one-of-a-kind assets that are stored and traded on a blockchain. They are unchangeable, scarce, and publicly provable. For example, in the music industry, artists can sell restricted digital content to fans who pay with cryptocurrency. You can now create any music content that no one can copy.

Sound.XYZ

Sound.XYZ is the best place to find and stream NFT music. chúng tôi is a web3 streaming service that allows users to stream NFT music directly from their favorite artists’ websites. chúng tôi also has a built-in wallet so users can store their NFTs in one place.

If you’re looking for the best NFT music marketplace and web3 streaming service, look no further than chúng tôi chúng tôi is the leading platform in the NFT music industry and provides artists with a way to sell their NFTs and give fans a way to stream and purchase NFT music.

Origin Story

Origin Story powers marketplaces spanning across industries, including Real Estate, Web3 collections, and Music NFTs. The platform launched the record-breaking 3LAU NFT auction, breaking the record for the most valuable music NFT mint at $11.7 million. Origin Story is partnered with Exceed to bring Music NFTs massive utility, from streaming royalties to real-world experiences for fans. Origin’s first collection with Exceed consists of NFTs from grammy-nominated artist Lil Durk, and the digital assets provide unique utility outside of being a collectible for fans. The platform’s native token OGN is used as a value-accrual token, and users can stake the token to earn revenue generated by Origin Story’s marketplace fees.

Async Music

Async music is a new type of music that is created using asynchronous programming. Async music is composed of small snippets of sound that are played in sequence. The small snippets of sound are called “tasks,” and they play in parallel.

Async music is similar to traditional music in its melody and harmony. However, async music is more experimental and can be more complex. Async pieces are created using any sound, including synthesizers, drum machines, and field recordings.

Async music is worth checking out if you’re looking for something new and different. Async music is still in its early stages but has a lot of potential. We’re excited to see what the future of async music holds.

Royal

Royalty-free music is a type of music that does not require a license for use. Anyone can use royalty-free music for personal or commercial purposes without paying royalties. It is often used in YouTube videos, video games, and other digital media.

If you’re looking for royalty-free music, there are a few places you can look. The best place to find royalty-free music is through a site called Jamendo. Jamendo is a site that offers a wide variety of royalty-free music. Another great place to find royalty-free music is through the Creative Commons website.

When searching for royalty-free music, be sure to read the licensing terms carefully. Some royalty-free music is only licensed for non-commercial use. Others may require you to give credit to the artist in your project. Be sure to check the licensing terms before using any royalty-free music in your project.

OneOf

OneOf is a revolutionary, eco-conscious NFT platform that allows users to stream, buy, and sell NFTs. OneOf is the first NFT platform to offer a sustainable, eco-friendly solution for the NFT industry. In addition, OneOf uses a portion of the proceeds from each transaction to plant trees and offset carbon emissions.

OneOf is also one of the only NFT platforms that allow users to stream NFT music. OneOf’s web3 streaming service will enable users to stream NFT music directly from their favorite artists’ websites. OneOf also has a built-in wallet so users can store their NFTs in one place.

Objkt

Discover the latest and greatest in NFT music with Objkt. Objkt is a web3 streaming service that allows users to stream NFT music directly from their favorite artists’ websites. Objkt also has a built-in wallet so users can store their NFTs in one place.

Objkt is the leading platform in the NFT music industry and provides artists with a way to sell their NFTs and give fans a way to stream and purchase NFT music. Objkt is also one of the only NFT platforms that allow users to stream NFT music.

Kalamint

Kalamint is the best NFT marketplace and web3 streaming service. Kalamint provides artists with a way to sell their NFTs and gives fans a way to stream and purchase NFT music. Kalamint is also one of the only NFT platforms that allow users to stream NFT music.

In the NFT music industry, Kalamint is the leading platform. Kalamint offers a wide variety of NFTs for sale, as well as a web3 streaming service that allows users to stream NFT music directly from their favorite artists’ websites. Kalamint also has a built-in wallet so users can store their NFTs in one place.

Audius Music

Audius is a decentralized music streaming and downloading platform built on the Ethereum blockchain. Audius allows artists to upload, manage, and monetize their music. Audius also allows fans to stream and download songs.

Audius is one of the only NFT platforms that allow users to stream NFT music. Audius also has a built-in wallet so users can store their NFTs in one place. Audius is on top of the latest and greatest in NFT music.

Emanate

Emanate is a music collaboration, sharing, and distribution platform that runs on the Ethereum blockchain. Emanate allows artists to create, share, and monetize their music. Emanate also allows fans to stream and download songs.

Emanate is one of the only NFT platforms that allow users to stream NFT music. Emanate also has a built-in wallet so users can store their NFTs in one place. As a result, emanate is the best platform for music collaboration, sharing, and distribution.

Emanate provides artists with a way to sell their NFTs and gives fans a way to stream and purchase NFT music. Emanate is also one of the only NFT platforms that allow users to stream NFT music.

OPUS

OPUS is a decentralized platform allowing artists to upload, store, and share music. OPUS also allows fans to stream and download songs.

OPUS is one of the only NFT platforms that allow users to stream NFT music. OPUS also has a built-in wallet so users can store their NFTs in one place. As a result, OPUS is the best platform for music sharing.

OPUS provides artists with a way to sell their NFTs and gives fans a way to stream and purchase NFT music. OPUS is one of the only NFT platforms allowing users to stream NFT music.

BPM

BPM is a music NFT Discord bot that allows artists to sell their NFTs and gives fans a way to stream and purchase NFT music. BPM also has a built-in wallet so users can store their NFTs in one place.

Although BPM isn’t a traditional NFT marketplace, it’s one of the only NFT platforms that allow users to stream NFT music. As a result, BPM is the best Discord bot for music NFTs.

BPM provides artists with a way to sell their NFTs and gives fans a way to stream and purchase NFT music. BPM is also one of the only NFT platforms that allow users to stream NFT music.

Additional NFT resources:

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A Complete And Simple Guide To The Top 10 Nft Marketplaces

Over the last few years, the non-fungible token (NFT) ecosystem has become vast and dense. Now spanning multiple blockchains and dozens of platforms and marketplaces, it can be a daunting task to navigate the ins and outs of the weird wide world of NFTs.

Collectors and creators now have a wealth of avenues through which they can trade, flip, and invest in blockchain JPEGs. Gone are the days of just a few points of sale.

To help simplify the process, we’ve compiled a list of the top NFT marketplaces based on user numbers, sales volume, and general popularity — but presented in no particular order. Just as we brought you a guide to the top NFT blockchains, we now present a roadmap through the most prominent NFT trading platforms on the web.

OpenSea

Supported Blockchains: Ethereum, Polygon, Klatyn, and Solana

Supported Payment Methods: ETH/WETH, SOL, USDC, DAI, APE, Credit/Debit Card via MoonPay

OpenSea is widely regarded as the largest and most comprehensive NFT marketplace in existence. Founded in 2023, the platform has grown in leaps and bounds over the years to encompass a wide variety of photography, digital art, music, and more. It also hosts an array of tools for both NFT collectors and creators.

As far as trading is concerned, OpenSea takes a 2.5 percent fee off the final price of every NFT transaction. Other fees set by NFT creators are also regularly ensured and usually range from around 2.5 – 10 percent. Although the site’s infrastructure remains a major point of contention within the NFT community, OpenSea undoubtedly remains the top NFT marketplace.

LooksRare

Supported Blockchains: Ethereum

Supported Payment Methods: ETH/WETH

LooksRare is a relatively new NFT marketplace launched at the start of 2023 and is said to be the most direct competitor to OpenSea. Marketed as a “community-first NFT marketplace that actively rewards traders, collectors, and creators for participating,” LooksRare quickly became a favorite within the Ethereum NFT ecosystem.

LooksRare also rolled out an airdrop of its very own native token $LOOKS to collectors who traded 3 ETH or more on Opensea between June 16, 2023, and Dec. 16, 2023, further solidifying their position as an OpenSea competitor. Similarly, the platform takes two percent off NFT trades (0.5 percent less than OpenSea) and also allows NFT creators to set their own royalty fees, which usually mirror a range comparable to OpenSea.

Nifty Gateway

Supported Blockchains: Ethereum

Supported Payment Methods: Credit/Debit Card, Prepaid ETH, and Gemini Account

Nifty Gateway, founded in 2023 by Duncan and Griffin Cock Foster, is billed as a “digital art online auction platform” for NFTs. The platform is owned by crypto-exchange giant Gemini and is heralded by both collectors and creators as one of the most accessible of all NFT marketplaces.

Nifty Gateway hosts a vast selection of weekly curated NFT drops as well as a growing number of verified external collections (Bored Apes, Doodles, etc.). The marketplace itself is an outlier on this list because it is custodial in nature.

In short, this means that NFTs on the platform are stored in a secured Nifty Gateway Omnibus wallet rather than living in individual collectors’ wallets. While non-custodial platforms offer interoperability (i.e. you can view and trade a single NFT via OpenSea, LooksRare, Rarible, etc.) Nifty Gateway collectors must withdraw their NFTs out into an external wallet to trade on other platforms. You can read more on custodial vs noncustodial platforms here.

On top of this, Nifty Gateway has some of the highest fees of all NFT marketplaces with a five percent service fee (marketplace fee) and a 10 percent artist commission/creator fee taken off of the final sale price of NFT transactions.

Magic Eden

Supported Blockchains: Solana, Ethereum

Supported Payment Methods: SOL

Magic Eden is an NFT marketplace that was initially built on the Solana blockchain and later added other blockchains, such as Ethereum. It is billed as community-centric. Founded in late 2023, the platform is somewhat similar to LooksRare in the way that it was created by members of the NFT community as a marketplace competitor and as a solution to the problems with other existing NFT marketplaces.

Magic Eden is widely heralded for its simplistic and unique tools for both collectors and creators as well as its curated list of upcoming Solana collections that allow users to find, at a glance, what NFT drops are happening on the platform in the near future. Similar to LooksRare, Magic Eden employs a two percent sales fee and allows NFT creators to set their own royalty percentages.

Solanart

Supported Blockchains: Solana

Supported Payment Methods: SOL

Solanart is a newer Solana-based NFT marketplace that launched in 2023 and quickly gained popularity as one of the go-to platforms within the Solana NFT ecosystem. Although anyone can become a collector on Solanart, artists must apply for a creator account before being enabled to mint on the platform.

Despite its curatorial roadblocks, Solanart is home to a growing number of PFP, gaming, and metaverse-leaning NFT projects. Solanart employs a three percent sales fee and allows NFT creators to set their own royalty percentages.

AtomicHub

Supported Blockchains: Wax

Supported Payment Methods: WAX

AtomicHub is a one-stop solution for creating, trading, buying, and selling NFTs on the Wax blockchain. Launched in June 2023, AtomicHub is an interface for the NFT standard AtomicAssets, which was developed by blockchain tech company Pink.gg.

AtomicHub is split into an explorer that allows users to browse through all AtomicAssets NFTs, a marketplace where users can buy and sell NFTs, a trading section, and of course, an NFT creator portal that allows anyone to create their own NFTs without any required coding knowledge. AtomicHub takes two percent of the final price of every sale on the platform and fee and allows NFT creators to set their own royalty percentages.

Rarible

Supported Blockchains: Ethereum, Tezos, Polygon, and Flow

Supported Payment Methods: ETH/WETH and Credit/Debit Card

Rarible is a Los Angeles-based NFT marketplace founded in November 2023. Possibly due to its longevity in the space, Rarible is seen as one of the top NFT marketplaces (especially when it comes to Ethereum-based collectibles) and houses a wide variety of different types of NFTs.

The platform is managed via the Rarible DAO and is backed by the governance token $RARI. Although the weekly $RARI distribution for trading NFTs on the Rarible marketplace was discontinued via DAO vote in January 2023, $RARI remains an interesting use case for trading rewards and one that undoubtedly inspired platforms like LooksRare to adopt similar models.

Similar to other marketplaces, Rarible employs a two percent sales fee and allows NFT creators to set their own royalty percentages. Considering Rarible is a collection aggregator, similar to OpenSea and LooksRare, many use this marketplace as a one-stop-shop for NFTs in place of OS and LR.

SuperRare

Supported Blockchains: Ethereum

Supported Payment Methods: ETH/WETH

SuperRare is one of the oldest and most prominent marketplaces existing within the NFT ecosystem. Launched in the Spring of 2023, the marketplace s billed as “Instagram meets Christie’s” and lives as the most popular curated NFT platform.

Due to its highly curatorial nature, SuperRare is a closed marketplace that accepts artist applications on a rolling basis. Some artists have waited months (even over a year) to be accepted by the platform, which has solidified SuperRare’s exclusivity in a somewhat similar fashion to Nifty Gateway.

One of the most unique features of SuperRare is that the platform only allows for the minting of 1/1 NFTs to be sold in an auction format. Yet, similar to Rarible, in 2023, the platform introduced a $RARE governance token that marked SuperRare’s transition to a similar DAO-led model.

There is a three percent transaction fee, paid by the buyer, for all purchases on SuperRare. Yet, the platform takes a hefty 15 percent commission off of the final sale price for all primary sales. For secondary sales, a 10 percent royalty is reserved and paid to creators.

Foundation

Supported Blockchains: Ethereum

Supported Payment Methods: ETH

Foundation is a marketplace that aims to aid in the building of a new creative economy through NFTs. Launched in February 2023, Foundation is invite-only for creators and, similar to SuperRare, runs on a 1/1 auction format.

While Foundation certainly embodies an air of exclusivity, its invite model has allowed a great many artists, especially those still waiting for acceptance to SuperRare, to mint and sell NFTs on a curatorial-style platform. Similar to SuperRare, Foundation only allows for the minting of images, videos, and 3D artwork, limiting the types of NFTs that can be sold on the platform.

Foundation takes five percent off of every final sale price for primary and secondary sales, which is significantly higher than most other marketplaces. For secondary sales, creators receive an automatic 10 percent royalty.

Objkt

Supported Blockchains: Tezos

Supported Payment Methods: XTZ

Objkt is the largest and most popular marketplace on the Tezos blockchain. Launched in early 2023, the platform is widely heralded as being the OpenSea of Tezos NFTs, and hosts everything from JPEGs to videos and songs.

Originally, Objkt began as a platform that offered extra tools and a different UI experience from Hic et Nunc (HEN) — the previous most popular Tezos NFT marketplace. When HEN was discontinued in November 2023, Objkt quickly took over as an aggregate for Tezos NFT collections and quickly became the one-stop shop for XTZ NFTs.

Similar to OpenSea, Objkt takes a 2.5 percent fee off of the final price of every NFT transaction. The platform also honors creator royalties and allows artists to set their own fee percentages.

What Nft Marketplaces Support Creator Royalties? A Guide

Creator royalties: Love them or hate them, it cannot be denied that they provide central appeal for artists looking to make a blockchain-based living from their craft. Through royalties, creators receive recurring income whenever their works change hands through the various NFT marketplaces that populate the blockchain. This makes it possible for many in Web3, regardless of status, to sustain themselves from project to project.

In 2023, though, creator royalties came under fire. Emerging as a major point of contention within the NFT space, the decisions of major marketplaces effectively shook up the established Web3 royalty dynamic, making it clear that not everyone was on the same page. And as more prominent players joined the debate, the question was raised: where do the major NFT marketplaces — those that make trading NFTs possible in the first place — stand on this issue?

To answer the question and to alleviate some of the frustration users often feel in trying to chase down information regarding marketplace minting policies and fee structures, we’ve created this guide as a quick reference of where the top NFT marketplaces stand on creator royalties.

Platforms that do honor creator royalties OpenSea

Credit: OpenSea

OpenSea is widely regarded as the largest and most comprehensive NFT marketplace. Founded in 2023, the platform has grown in leaps and bounds over the years to encompass a wide variety of photography, digital art, music, and more. It also hosts an array of tools for both NFT collectors and creators.

As far as royalties are concerned, OpenSea made major waves in November 2023 when the platform began considering removing royalties altogether from existing collections. The move incited significant backlash throughout the NFT community, prompting the company to retract its commitment, updating the original blog post to reflect its continued support of creator royalties.

Creator royalties are honored on OpenSea. Not only are they still offered at a platform level, as they always have been, but royalties set by creators on-chain are also honored and enforced on the marketplace.

Nifty Gateway

Credit: Nifty Gateway

Nifty Gateway, founded in 2023 by Duncan and Griffin Cock Foster, is billed as a “digital art online auction platform” for NFTs. Owned by crypto-exchange giant Gemini, the platform is now helmed by Eddie Ma (technical leader) and Tara Harris (leader for non-tech) after the Cock-Foster brothers stepped down in early 2023.

Although Nifty Gateway has some of the highest marketplace fees, creator royalties are honored on the platform. As the Nifty Gateway help section dictates, the company believes that “secondary market fees are part of what makes NFTs special.” It offers enforceable royalties at a platform level while also honoring on-chain royalties set by creators.

AtomicHub

Credit: AtomicHub

Currently, creator royalties are honored on the platform and are enforced at the contract level (similar to other WAX marketplaces), thanks to the Atomic Asset standard.

Rarible

Credit: Rarible

The platform is managed via the Rarible DAO and is backed by the governance token $RARI. Currently, creator royalties are honored on the platform. Like other Ethereum-based marketplaces, Rarible honors royalties on-chain and allows users to set royalties at a platform level.

SuperRare

Credit: SuperRare

SuperRare is one of the oldest and most prominent marketplaces within the NFT ecosystem. Launched in the Spring of 2023, the marketplace is billed as “Instagram meets Christie’s” and lives as the most popular curated NFT platform. Currently, creator royalties are honored on the platform.

Although the platform is invite only and takes a hefty 15 percent commission off of the final sale price for all primary sales, for secondary sales, a 10 percent royalty is automatically reserved and paid to creators. In addition to creator royalties, SuperRare stands out amongst its peers by offering collectors a shot at royalties-based benefits.

Foundation

Credit: Foundation

Foundation takes five percent off every final sale price for primary and secondary sales, which is significantly higher than most other marketplaces. But even so, currently, creator royalties are honored on the platform, as creators receive an automatic 10 percent royalty from all secondary sales.

Objkt

Credit: Objkt

Objkt is the largest and most popular marketplace on the Tezos blockchain. Launched in early 2023, the platform is widely heralded as being the OpenSea of Tezos NFTs and hosts everything from JPEGs to videos and songs. Creator royalties are honored on the platform, and similar to other marketplaces, Objkt allows artists to set their fee percentages.

Blur

Credit: Blur

Blur is an NFT marketplace created by an enigmatic Web3 developer, Pacman. Launched in October 2023, Blur initially received widespread support and investment from prominent names in the NFT space. It was billed as one of the fastest NFT aggregators and trade platforms on Ethereum.

Currently, creator royalties are honored on the platform through the filter registry. Similarly, at the beginning of 2023, Blur began enforcing a minimum royalty of 0.5 percent on immutable collections that cannot use the filter registry. The percentage is also set to increase by 0.5 percent over time, to be modified accordingly with how the Blur developers observe the effects of each increase.

Gem

Credit: Gem

Gem is an NFT aggregator (not quite a marketplace), launched in January 2023, that enables the batch sale of NFTs, allowing users to save on gas fees. OpenSea acquired the platform after sexual misconduct allegations were brought against its co-founder. The platform’s functionality has remained the same, with creator royalties still honored on the platform even after becoming a part of the OpenSea NFT ecosystem.

X2Y2

Credit: X2Y2

X2Y2 is an NFT marketplace that launched in January 2023 with the goal of building a truly decentralized NFT market and giving it back to the greater NFT community. Having been one of the first marketplaces to drop creator royalties, the platform emerged as a prominent voice in the debate against royalties before changing directions a few months later to start honoring and enforcing royalties on all collections.

Platforms that don’t honor creator royalties LooksRare

Credit: LooksRare

LooksRare, launched at the beginning of 2023, was initially heralded as potentially the most direct competitor to OpenSea. Marketed as a “community-first NFT marketplace that actively rewards traders, collectors, and creators for participating,” LooksRare quickly became a favorite within the Ethereum ecosystem and remains a popular choice for NFT enthusiasts.

However, creator royalties are not honored on LooksRare. Starting in October 20022, LooksRare opted to remove standard creator royalties, instead directing 25 percent of protocol fees to creators and allowing buyers to opt-in to pay optional royalties at checkout if desired.

Magic Eden

Credit: Magic Eden

Magic Eden is an NFT marketplace that was initially built on the Solana blockchain and later expanded to other blockchains, such as Ethereum. Billed as community-centric, it was founded in late 2023 and was created by members of the NFT community as a marketplace competitor and as a solution to problems with other existing NFT marketplaces.

Magic Eden has remained at the forefront of the creator royalties debate, first rolling out a controversial royalty protection tool for creators, before backtracking weeks later, following the example of others, and making royalties optional. Currently, creator royalties are not honored on the platform. Instead, buyers get to decide what percentage of royalties they pay instead of creators setting an automatic threshold themselves.

Solanart

Credit: Solanart

Like Magic Eden, Solanart is a Solana-based NFT marketplace that launched in 2023 and quickly gained popularity as one of the go-to platforms within the Solana NFT ecosystem. Although anyone can become a collector on Solanart, artists must apply for a creator account before being enabled to mint on the platform. Despite its curatorial roadblocks, Solanart is home to a growing number of PFP, gaming, and metaverse-leaning NFT projects.

While once Solanart employed a three percent sales fee and allowed NFT creators to set their royalty percentages, in response to the growing debate, the platform opted to drop all fees. Currently, creator royalties are not honored on the platform.

Sudoswap

Credit: Sudoswap

Sudoswap is a decentralized exchange (DEX) protocol (not quite a marketplace) that enables royalty-free NFT swapping. Creator royalties are not honored on the platform. Launched in May 2023, the platform gained significant traction throughout the summer and fall as an alternative to traditional NFT marketplaces. It has emerged as a prominent place where collectors can circumvent creator royalties.

Yawww

Credit: Yawww

Originally launched as a peer-to-peer NFT lending platform, Yawww made headlines in July 2023 by morphing into a community-owned NFT marketplace. Billed as the “first democratized NFT marketplace,” Yawww put the power to dictate royalty percentages in the hands of the buyer rather than the creator — essentially launching a marketplace that does not honor creator royalties, as the default for royalties on the platform is zero percent.

When Nft Projects Die: Lessons From Web3 Failures

The Web3 community knows that situations can turn on a dime. From the fall of FTX to Elon Musk’s Twitter takeover, it has become clear that market volatility isn’t the only thing to be worried about. And all it takes is just one tiny event to set off a chain reaction throughout the NFT space.

Oftentimes, this can be a positive thing, like Jack Butcher’s Checks changing the trajectory of open editions. On the other hand, events like February’s demise of the Friendsies collection can mean the inevitable spread of fear throughout the metaverse.

Although the NFT space enjoyed a significant market uptick in 2023, the fall of the once highly regarded Friendsies brought about a bit of a reality check: There are no guarantees in the world of non-fungibles. No matter how established the artists are or how well-regarded their work, project death can come for anyone.

To learn from past failures and better understand the potential ways in which projects — and collectors — can mitigate risk, we looked at three projects that died (or nearly did): mfers, the Metroverse, and Friendsies.

Mfers, rising from the ashes

The mfers collection, launched in November 2023, continues to be a unique case study. Although the influential project experienced what appeared to be a sudden death in the summer of 2023, it was eventually resurrected by the very same person who created and then killed it — Sartoshi.

gm chúng tôi sartoshi (@sartoshi_rip) January 1, 2023

Hitting turbulence

But according to Sartoshi, the truth of the situation was far different. He says that he decided to leave the management of mfers to the community in the spirit of decentralization. To this end, leaving the project in the hands of collectors was all part of Sartoshi’s ethos, which primarily drew on the influence of Satoshi Nakamoto. For those who aren’t aware, Nakamoto is the pseudonymous person (or persons) who developed Bitcoin before taking their exit and leaving the future of blockchain technology up to its users.

Although the reality of the situation was apparent to many of Sartoshi’s followers — as illustrated by the multitude of tweets that predicted Sartoshi’s exit — the mfers floor still fell in response to his exit, and the community was divided. In May, the average mfers NFT sold for 2.2 ETH. In June, that number fell to an average of 1.5 ETH. And the community remained divided.

Or at least they were for six months. Then, Sartoshi returned from the dead, receiving a (mostly) warm welcome from his former fans and followers. Since then, he has regained his prominent position as a thought leader in the space and (mostly) put the controversial move behind him.

Credit: mfers

Key takeaways

On the surface, this situation seems to be an example of a builder realizing the “error of their ways,” i.e., upsetting their community and rectifying their path. But on a deeper level, perhaps the event better serves to illustrate the often toxic nature of collector expectations. Although Sartoshi had previously alluded to his exit and clearly communicated his intentions to transition mfers to community ownership, many in his community didn’t trust him and demanded he stay. In a blog post announcing his return, Satoshi lamented the fact that his leaving wasn’t viewed as a powerful move toward decentralization but was instead met with fear, uncertainty, and doubt (FUD).

The lesson learned here is twofold. On the one hand, the mfers situation illustrated that even in the best of cases, trust is still severely lacking in the NFT space. While it’s true that many of Sartoshi’s followers understood his exit, many jumped to accusations and labeled him a thief. This fear is understandable in light of the steady stream of scams that continue to impact the NFT community. And to this end, mfers reestablished an already long-held belief in the NFT space — community sentiment is everything.

A force that exists seemingly independent of the intentions of project builders or the unique and creative feats they might achieve, ultimately, it is the sentiment of the NFT community that decides the merit of a project. We need only look toward many of the once-popular NFT projects as an example, as many of them have been taken off the map in the wake of slight missteps.

Metroverse, lost in battle

Centered around an NFT strategy game once billed as being akin to Sim City, Metroverse sold out its initial collection in January 2023. The project raked in around 2,000 ETH ($6.3 million at the time). They also took five percent of royalties from secondary sales, which amounted to around $2 million. Despite all that funding, the project reportedly failed to deliver an experience anywhere near what was initially proposed.

Ultimately, the Metroverse community became dissatisfied with its creators. And on February 23, 2023, the project fell apart.

Hitting turbulence

In the end, the project’s downfall wasn’t much of a surprise to those who had become invested in Metroverse. Tensions had been growing between the community and the project devs for some time. Arguments had become frequent between the two parties, and finding common ground had started to seem impossible. But why?

The major point of contention stemmed from how Metroverse was handling funds. The project devs raked in an aforementioned $8 million from the genesis collection. To make matters more complex, the devs released three subsequent collections — Metroverse Genesis Mini, Metroverse Blackout, and Metroverse Pass — which generated upwards of 5,700 ETH (around $9 million) in secondary sales volume alone.

A disconnect between the substantial amount of capital raised vs. the direction in which Metroverse was allocating these funds led many to pose questions to developers in the project’s Discord server. In short, holders were largely dissatisfied with the lackluster game that had supposedly been in development for over a year, and they had come to wonder where the money was going.

Citing mental health concerns, the devs eventually closed their Discord and announced they would discontinue the project shortly after.

I am proud to announce that I have cleansed myself from @themetroverse the toxic devs that created this rug pull of a project have fully shut it down and wasted all the community’s funds on a game that’s garbage and pathetic. This is a learning lesson that I will never forget

— Presser T (@Atarasca) February 20, 2023

@themetroverse mind explaining why you guys now closed the city recrutement channel ? Witch was the last one standing . I get that your game totally suck and no one was there to join anyways but WTF is wrong with y’all , no respect for the people that made you successful

— Charley819 (@crobull819) February 20, 2023

Key takeaways

In contrast to mfers, it’s exceptionally unlikely that Metroverse will be able to come back from the brink. Why? Because the success of Metroverse depends on the team delivering on the promised roadmap, i.e., creating an enjoyable game that holders love to play. Sadly, they already tried to build the game, and it went terribly. There is nothing left for them to try.

Thanks to the debacle, the NFT space was yet again reminded that projects that mint out and raise a lot of funds can still fail, even when the dev team seemingly tries to deliver. Nine out of 10 startups will fail. That means that only 10 percent will be successful. This is true in traditional business and in Web3.

So if a project is making big promises that require a lot of expertise — like building a game, for example — it’s essential to know that the odds are stacked against it. And be extra careful to do your due diligence on the team and ensure they are trustworthy.

Friendsies, left in limbo

The Friendsies collection, which launched in April 2023, was billed as a set of customizable NFTs that would act as holders’ virtual companions. Most notably, the team said that the NFTs would have utility within the interactive metaverse experience being created by FriendsWithYou.

The FriendsWithYou founders, Samuel Borkson and Arturo Sandoval III, were well-regarded and had a long list of achievements behind them — FriendsWithYou art has been exhibited at a host of prestigious museums, was the basis for an animated series produced for Netflix, and more. As a result, the Friendsies project minted out and eventually earned some $5.3 million worth of ETH.

The project subsequently received significant fanfare from a host of media outlets (including us) and became known throughout Web3 as exemplifying the values of empathy, camaraderie, unity, and kindness.

Credit: Friendsies

Hitting turbulence

Just a year after the project had gotten underway, FriendsWithYou announced a hiatus and then deleted the Friendsies Twitter account. This abrupt decision deeply concerned many in the NFT community, as the team had promised to reinvest the money into Friendsies. Specifically, they promised a Tomogatchi-like P2E game, a community treasury, and a royalties program. What’s more, the team also said they would donate a percentage of the profits to charity.

But it seems they failed to do any of these things, and most of the money is gone — wallet activity reveals that much of the ETH they accumulated was swapped for USDC and taken out of the ecosystem.

Key takeaways

While the Friendsies project has been left nearly in shambles, it’s unclear what will come of FriendsWithYou’s other ongoing and future Web3 endeavors. Considering the artist duo has maintained a certain level of prominence in the fine art world for over two decades, it’s difficult to conclude whether or not their existence in the NFT space has come to a close or if their blockchain journey has simply had a hiccup.

For now, they have been left in limbo — a sort of no man’s land between a full-on ousting and a potential comeback.

Undoubtedly, the principles on which they founded Friendsies are now being put to the test. However, in many regards, the team has already failed. Instead of responding to valid questions, they block their community and ban them from Discord.

Whatever the FriendsWithYou team decides to do in the future, all of Web3 will be waiting and watching to hold them to their own standard. Yet, despite the liminal space Friendsies is currently in, there are still lessons to be learned from this fiasco. In fact, there is a palpable throughline that can be drawn between each of the three projects highlighted thus far.

Community reigns supreme

While there is no one secret formula for a successful NFT endeavor, by examining those that have failed and the ones that are able to come back, it’s clear that a healthy project is achievable only by pleasing (or, at the very minimum, by placating) a project community.

In the case of both Metroverse and Friendsies, if developers had been more transparent about their plans, left a line of communication open to their holders, and fielded criticism as it arose, perhaps they wouldn’t have been subject to controversy in the first place.

Looking at mfers, although some were upset when Sartoshi left, many stood behind him because he was clear about his ethos and values and communicated them to his community regularly.

That said, it is essential to note that trust is a two-way street. Because so many were so harsh and distrustful, it would have been understandable if Sartoshi had decided not to return.

If Web3 is to truly succeed, we must learn from the mistakes of the past to ensure that transparency might prevail and trust can be secured.

Which Streaming Video Provider Is The Best Value?

Streaming services have taken over homes, winning over more subscriptions than traditional TV. But with each service requiring a monthly subscription, you’ll probably find that you don’t want to weigh your budget down with too many of them.

Some are a better bargain than others based on price alone, but you do need to pay close attention to what your family will use before choosing just one.

Table of Contents

Amazon Prime ($12.99 Per Month)

For most people, Amazon Prime TV will be the best value since it’s bundled in a package that includes free shipping. If you routinely order from Amazon, it’s well worth the price.

Prime members now also get benefits like free same-day deliveries and special discount days. The streaming service includes popular exclusive shows like the Emmy Award-winning The Marvelous Mrs. Maisel and Tom Clancy’s Jack Ryan. If you’re trying to access content outside your country, there is a limited number of third-party VPNs that will help you make that connection, although Amazon is very proactive about blocking this type of access.

Amazon’s Watchlist feature lets you sort by title or how recently you added something to it. You can easily turn subtitles on using your Fire TV remote, as well as directly in your browser. Of all of the streaming services, Amazon Prime TV is the most difficult to use, with a clunky layout that makes it hard to find something to watch.

Amazon offers a free 30-day trial that comes with free two-day shipping. Students also get a free six-month trial on the section of the site that has school-specific purchases.

Netflix ($8.99 Per Month)

Netflix remains the most popular streaming service, with approximately 20 million subscribers as of May 2023. Although you’ll find plenty of popular shows licensed from other networks, Netflix’s draw is its original programming.

Popular shows like Stranger Things and Orange Is the New Black keep viewers paying that monthly subscription fee. Also working in Netflix’s favor? The fact that it’s usually ahead of the competition in offering support for technology like 4K resolution.

The original Queue feature on Netflix has been replaced by My List, a feature that’s easy to access whether you’re on a mobile device or your TV. You can easily turn on subtitles or change your preferred language, as long as that feature is available for the content you’re watching.

Netflix is constantly updating its user interface to make sure it’s as straightforward as possible. Today, you can even easily watch trailers from the Browse screen, making it easy to decide what to watch. The service’s parental controls are especially popular with families. To move from one country’s Netflix options to another, you’ll need one of the few VPNs that Netflix hasn’t yet blocked from its servers.

YouTube TV ($49.99 Per Month)

You’re probably all too familiar with all the free content you can get on YouTube. But the site’s paid subscription service serves as a great alternative to cable or satellite.

Unlike the other services, YouTube TV is designed to give you access to many of the channels you’d have on your TV, including ABC, CBS, FOX, ESPN, and HGTV, among many others. You’ll need to enter your ZIP code to get the full list of channels available in your area.

YouTube TV’s interface is similar to what you find when you browse free YouTube videos on your computer. You won’t find the browse feature as easy to use as some other services, and you can’t add items to your watchlist yet. YouTube TV offers subtitles and language settings as other services do, but you’ll only find a handful of content in other languages.

YouTube TV has a shorter free trial period than other services, and that period seems to keep shrinking, but you may have an easier time finding a VPN that works.

Hulu ($5.99 Per Month)

If you’re a TV fan, Hulu will likely be your favorite, despite what the others offer. You’ll get access to many of the shows aired on ABC, CBS, Bravo, A&E, Food Network, HGTV, Lifetime, and many others. There’s also the Live TV option, giving you access to all those shows you lost when you cut the cord. Best of all, the ad-inclusive basic plan without the Live TV option is only $5.99 a month.

Hulu’s watchlist not only saves shows you want to watch, but it lets you see the shows you’ve already watched. There’s a fairly robust international selection on the site, and you can easily change your language preferences so that you can watch them.

Like Netflix, Hulu is constantly updating its interface to make it as easy as possible to use across a variety of devices, and the Keep Watching section is especially useful for picking up where you last left off.

HBO GO ($14.99 Per Month)

HBO has long been a paid premium service, but the network has evolved in the streaming era. Although there are plenty of great original shows and blockbuster movies on HBO GO for the price, it’s not nearly as good a value as competitors.

If you are more into movies than TV shows though, HBO GO might be a better choice than Netflix or Hulu. In addition to commercial-free movies and licensed series, you’ll also get original content like Curb Your Enthusiasm, The Deuce, and Barry.

When it comes to selection, HBO GO won’t be as great a deal as a service like Netflix or Hulu, which both have extensive libraries of shows and movies. However, the network’s original series are the real draw. You also won’t find as many international titles as with other streaming services, but you can change the preferred language and easily access subtitles.

Navigation with HBO GO is fairly easy, especially if you often move from one device to another and want to pick up where you left off. You’ll access HBO GO through your HBO subscription, and many cable providers offer free trial periods, However, you can get HBO Now independently and get the first seven days free. If you want to watch content from other countries, you’ll need to search for the latest VPNs to find one that hasn’t yet been blocked.

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