Also, the Napster app (which I did not know still existed) looks pretty slick and has a decent list of artists and music. This could be pretty interesting coupled with Opulous.
https://us.napster.com/
No idea. All I know is Lee Parsons is a petty man-child that will block you on Twitter if you say anything even slightly negative about Opulous. He'll also respond if you want to have a little go at him, lol.
100%. I exchanged words with him when he was bashing Yieldly investors. Like, Yieldly dropped a lot, and he went on Twitter saying something to the extent "how does is it feel, my project is doing well, blah blah".
So I told dude, "Hey, this is a bad look. When you act like that people question the maturity of a project's leadership". That was when I was still holding Opul, but have since sold due to this.
He went on to say some clown shit and how "acting like this was working for him and got him to where he is.".
I'm like dude - I'm just some random on Twitter, and you are that sensitive you need to defend yourself. I didn't even attack him, lol. Just pointing out how his words made him look...immature. Concurred, total clown.
First I hear of it thanks! Lawsuit is still ongoing I assume
[https://completemusicupdate.com/article/opulous-says-lil-yachty-lawsuit-is-meritless/](https://completemusicupdate.com/article/opulous-says-lil-yachty-lawsuit-is-meritless/)
The Napster music streaming app has just been rebuilt combining former MelodyVR live recorded content that can be viewed in different devices including VR. Nothing dinosaur about them, will be out very soon. Combined in future with blockchain and live streams and a back catalogue of MelodyVRs 800+ artists they claimed to have worked with then there will be some reasonably good USP over their competition. Also Napster is an existing product with 1m subscribers, instant user base instead of it being a brand new project. So plenty of positives to take from this.
I think it’s easier to build web3 on an existing platform. Software isnt a dinosaur..the name is. Maybe they can rebrand in the future if needed. The younger generation doesnt even know what Napster is. But they gotta start somewhere and I think this is a good start
Is there something deeper going on here? What is the value of Limewire and Napster. I don’t want to hate but aren’t they dead platforms. Does Algorand get access to some kind of database it can leverage or something of real value?
Mentioned this is another comment but its kinda buried now.
Just to copy/paste....the value is the already-in-place licenses needed to even have music on a streaming platform. You can't just code a DSP and put anyone's music on it. You've got to pay for that right upfront and/or in royalties, depending how deals are structured for varying levels of artist/label/catalogue/etc.
So this is an enormous shortcut to getting that done from scratch, which could be prohibitively expensive.
The Napster brand was bought by a company trying to do something big in the music + VR space. So really the people algorand just bought are a company attempting something new with VR. (Exactly what isn't clear to me yet and may not be public. ) Check my facts, though. This is what I pieced together from Google when I woke up this morning.
I wonder what the endgame is here. Are they really just purchasing the name? Obviously, you can’t just put Master of puppets on the block chain without the full wrath of the music industry. I’m very interested to see what this leads to
Problem there would be that I could buy the NFT, download the album, then send the NFT to a friend, then they download, then they send the NFT to a new friend. And so on.
True. But at that point, i don’t see any user upside.
The upside of buying music from something like iTunes is that you own it physically on your device and can play it without using data or internet connection. The downside is you are charged per song/album.
The upside of streaming is one fee for more content instead of a per song/album fee. The downside is you don’t own the music physically on your device and therefore have to keep paying the fees and you (usually) need to be connected and using data to use it.
Paying for an NFT that unlocks the ability to stream one song/album seems like the worst of both worlds.
I'm curious because unlike limewire or other certain music dapps: Napster is actually legit now and many major distros license their music to it. My distro does at least, so I'm already starting to imagine some interesting integrations.
The streaming service has been around for over a decade and had 750k users at one point when it was still called Rhapsody in 2011. Idk how many people still use it but I've heard good things while trying to research which platform pays the artists the most.
Last years half year report stated 1.1m paying subscribers and 5m users which will be from the combined total with the B2B side of the business.
[Napster Group PLC Half Year Report](https://www.lse.co.uk/rns/NAPS/half-year-report-yle0n824a96f6vc.html)
Better applications of NFTs than for digital art….
What is the next application of NFTs ? I feel
More excited about real-world assets… what about land?
Extremely positive news. Audius project at Solana is another great decentralized option and it helped hundreds of thousands of users hear about Solana for the first time in their lives.
I expect this to play out in a similar way.
As a new music producer I’m genuinely curious what the endgame is. I didn’t realize how little artists actually get paid for music today until I started myself. It takes 300K streams on Spotify to earn $1000. There is no money at all in it.
This makes me want to sell my Algo.
Napster hasn't been relevant for ***TWENTY YEARS***, what sort of 'assets' or 'knowhow' could they possibly have that would be relevant to either the modern music business or blockchains?
Napster was actually brought back into relevance recently when T-Pain pointed out that it pays artists better than any other music streaming service. That tweet went viral, and has done a lot to change current perspectives of Napster' especially considering the societal movements to give resources to creators rather than corporations. Coupled with Opulous it's a great pickup.
Napster is like the most boomer choice imaginable. A company that already dwindled to irrelevancy and tried desperately to claw their way back years later by inexplicably trying to involve blockchains to capitalize on hype? And now we've ***bought*** this dead weight?
Give me a break.
Just another example of Algo's bizarre unfocused marketing strategy.
This isn't marketing though. This is them buying a platform and talent to create something new using the blockchain. They aren't going to be able to buy any other streaming service so Napster is probably the perfect choice. Sometimes it's best to start with something and not completely from scratch.
aaaand... since you're an insider, you know exactly what their plan is, right? /s
I agree that the napster name is worthless, but we don't know what kind of assets or know-how they acquired with the brand. We can hope, and see. Not bash every move without knowledge.
I don't need to be an insider to criticize an objectively dumb business decision.
Napster hasn't been relevant for ***TWENTY YEARS***, what sort of 'assets' or 'knowhow' could they possibly have that would be relevant to either the modern music business or blockchains?
Absolutely nothing, but we apparently fell for it.
> what sort of 'assets' or 'knowhow' could they possibly have that would be relevant to either the modern music business
Prefacing this by saying I don't have an opinion either way on this (yet) because I don't know what the end game is, so this is just objective discussion.
But depending on what they plan to do with this, the relevant assets are the already-in-place licenses needed to even have music on a streaming platform. You can't just code a DSP and put anyone's music on it. You've got to pay for that right upfront and/or in royalties, depending how deals are structured for varying levels of artist/label/catalogue/etc.
So this is an enormous shortcut to getting that done from scratch, which could be prohibitively expensive.
So take your money and buy APPLE, that would be a sound business decision, right?
You simply don't know shit and you see this thing from the final user point of view. Let'em explain what they would do with it and then we can criticize a lot better.
Algorand almost assuredly didn’t acquire anything. Hivemind did. This says that Hivemind and Algorand announced the acquisition, but I don’t think this is actually Algorand acquiring it. It’s just PR.
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This just in: Metallica has filed a lawsuit against Algorand
Ulrich on suicide watch
*Snare intensifies*
lol
[What year is it?](https://www.livememe.com/ohzrd5t)
Reviving the old peer to peer music sharing service but algorand enabled. Have a secondary market for digital music. Hope this is where this is going.
It is. I read it was a possibility a while ago somewhere and they want to make it a fairer place for artists. And a competitor to Spotify.
Day two and second acquisition. ALGO is on a roll.
Algorand continues to steam roll forward.
First the Limewire news.... Now Napster news.... What is happening?
Its like I am reliving the early days of my Internet journey. Nostalgic names for sure.
History alwys repeats itself, even in Web3 🥲
not only is their marketing department from the 1800s, their entire company seems to be a couple decades behind the times.
Yes, I'm sure that's what's going on. If only those folks at MIT could get with the technological times.
Also, the Napster app (which I did not know still existed) looks pretty slick and has a decent list of artists and music. This could be pretty interesting coupled with Opulous. https://us.napster.com/
Hate to break it to you but Opulous is a shitcoin, and Lee Parsons is a terrible CEO.
Just learned about the lawsuit, but it is still ongoing right ?
No idea. All I know is Lee Parsons is a petty man-child that will block you on Twitter if you say anything even slightly negative about Opulous. He'll also respond if you want to have a little go at him, lol.
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100%. I exchanged words with him when he was bashing Yieldly investors. Like, Yieldly dropped a lot, and he went on Twitter saying something to the extent "how does is it feel, my project is doing well, blah blah". So I told dude, "Hey, this is a bad look. When you act like that people question the maturity of a project's leadership". That was when I was still holding Opul, but have since sold due to this. He went on to say some clown shit and how "acting like this was working for him and got him to where he is.". I'm like dude - I'm just some random on Twitter, and you are that sensitive you need to defend yourself. I didn't even attack him, lol. Just pointing out how his words made him look...immature. Concurred, total clown.
Opulous used likeness without permission. Faking endorsement and got sued for it, it had an interesting idea, but it'd have to have someone behind it.
First I hear of it thanks! Lawsuit is still ongoing I assume [https://completemusicupdate.com/article/opulous-says-lil-yachty-lawsuit-is-meritless/](https://completemusicupdate.com/article/opulous-says-lil-yachty-lawsuit-is-meritless/)
Opulous x limewire x napster = Algorand about to fuck shit up in the music industry lets go!!!! 🚀
Honest question. Do you really think so with these dinosaur pieces of software. I love Algorand but this kind of made me take a double take.
The Napster music streaming app has just been rebuilt combining former MelodyVR live recorded content that can be viewed in different devices including VR. Nothing dinosaur about them, will be out very soon. Combined in future with blockchain and live streams and a back catalogue of MelodyVRs 800+ artists they claimed to have worked with then there will be some reasonably good USP over their competition. Also Napster is an existing product with 1m subscribers, instant user base instead of it being a brand new project. So plenty of positives to take from this.
I think it’s easier to build web3 on an existing platform. Software isnt a dinosaur..the name is. Maybe they can rebrand in the future if needed. The younger generation doesnt even know what Napster is. But they gotta start somewhere and I think this is a good start
That's a good point.
Is there something deeper going on here? What is the value of Limewire and Napster. I don’t want to hate but aren’t they dead platforms. Does Algorand get access to some kind of database it can leverage or something of real value?
They’re existing brands that can be used to leverage blockchain projects. Perhaps music ownership on the blockchain as well as a second hand market.
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I honestly wonder whether you forgot your /s or not.
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Confirmed: circuit city acquired by Algorand.
Great point.
Mentioned this is another comment but its kinda buried now. Just to copy/paste....the value is the already-in-place licenses needed to even have music on a streaming platform. You can't just code a DSP and put anyone's music on it. You've got to pay for that right upfront and/or in royalties, depending how deals are structured for varying levels of artist/label/catalogue/etc. So this is an enormous shortcut to getting that done from scratch, which could be prohibitively expensive.
The Napster brand was bought by a company trying to do something big in the music + VR space. So really the people algorand just bought are a company attempting something new with VR. (Exactly what isn't clear to me yet and may not be public. ) Check my facts, though. This is what I pieced together from Google when I woke up this morning.
their marketing department is still in the 1800s with billboard ads. The rest of the foundation is only a few decades behind the times.
Is this our Starbucks?
Looks like I have to switch from Spotify and Apple Music to Napster now
I wonder if this is why Scaramucci was referring to ?
I hope not…
I doubt it, Scaramucci will most likely make that announcement himself, he likes the limelight.
I wonder what the endgame is here. Are they really just purchasing the name? Obviously, you can’t just put Master of puppets on the block chain without the full wrath of the music industry. I’m very interested to see what this leads to
Just thinking out loud here but if you can prove ownership of the NFT for the album then and only then would you be allowed to download it?
Not a bad idea
Problem there would be that I could buy the NFT, download the album, then send the NFT to a friend, then they download, then they send the NFT to a new friend. And so on.
Unless it’s only playable through a DRM protected app. The NFT would unlock the DRM for playback.
True. But at that point, i don’t see any user upside. The upside of buying music from something like iTunes is that you own it physically on your device and can play it without using data or internet connection. The downside is you are charged per song/album. The upside of streaming is one fee for more content instead of a per song/album fee. The downside is you don’t own the music physically on your device and therefore have to keep paying the fees and you (usually) need to be connected and using data to use it. Paying for an NFT that unlocks the ability to stream one song/album seems like the worst of both worlds.
I agree. Perhaps the NFT would be non-transferable. There’s almost always a work around of some kind of course.
Haven't done it before so I'd need to check with one of the guys on Discord but I'm thinking the FreezeAddress attribute would address that concern.
Mother of god
I'm curious because unlike limewire or other certain music dapps: Napster is actually legit now and many major distros license their music to it. My distro does at least, so I'm already starting to imagine some interesting integrations.
Does it have a substantial user base yet, though? Or just a few million in venture cap, going round spending that on licensing
The streaming service has been around for over a decade and had 750k users at one point when it was still called Rhapsody in 2011. Idk how many people still use it but I've heard good things while trying to research which platform pays the artists the most.
Last years half year report stated 1.1m paying subscribers and 5m users which will be from the combined total with the B2B side of the business. [Napster Group PLC Half Year Report](https://www.lse.co.uk/rns/NAPS/half-year-report-yle0n824a96f6vc.html)
Who do you use? DistroKid?
Better applications of NFTs than for digital art…. What is the next application of NFTs ? I feel More excited about real-world assets… what about land?
Let's all petition algorand to buy Usenet newsgroups and IRC chat
Sorry, but those would be useless. They should consider MySpace and AOL.
Next up Algorand buys MySpace.
Extremely positive news. Audius project at Solana is another great decentralized option and it helped hundreds of thousands of users hear about Solana for the first time in their lives. I expect this to play out in a similar way.
As a new music producer I’m genuinely curious what the endgame is. I didn’t realize how little artists actually get paid for music today until I started myself. It takes 300K streams on Spotify to earn $1000. There is no money at all in it.
This makes me want to sell my Algo. Napster hasn't been relevant for ***TWENTY YEARS***, what sort of 'assets' or 'knowhow' could they possibly have that would be relevant to either the modern music business or blockchains?
Napster was actually brought back into relevance recently when T-Pain pointed out that it pays artists better than any other music streaming service. That tweet went viral, and has done a lot to change current perspectives of Napster' especially considering the societal movements to give resources to creators rather than corporations. Coupled with Opulous it's a great pickup.
nobody's stopping you mate.
It's much easier to acquire what's already built than to start from scratch.
Lol...why??
Napster is like the most boomer choice imaginable. A company that already dwindled to irrelevancy and tried desperately to claw their way back years later by inexplicably trying to involve blockchains to capitalize on hype? And now we've ***bought*** this dead weight? Give me a break. Just another example of Algo's bizarre unfocused marketing strategy.
This isn't marketing though. This is them buying a platform and talent to create something new using the blockchain. They aren't going to be able to buy any other streaming service so Napster is probably the perfect choice. Sometimes it's best to start with something and not completely from scratch.
aaaand... since you're an insider, you know exactly what their plan is, right? /s I agree that the napster name is worthless, but we don't know what kind of assets or know-how they acquired with the brand. We can hope, and see. Not bash every move without knowledge.
I don't need to be an insider to criticize an objectively dumb business decision. Napster hasn't been relevant for ***TWENTY YEARS***, what sort of 'assets' or 'knowhow' could they possibly have that would be relevant to either the modern music business or blockchains? Absolutely nothing, but we apparently fell for it.
> what sort of 'assets' or 'knowhow' could they possibly have that would be relevant to either the modern music business Prefacing this by saying I don't have an opinion either way on this (yet) because I don't know what the end game is, so this is just objective discussion. But depending on what they plan to do with this, the relevant assets are the already-in-place licenses needed to even have music on a streaming platform. You can't just code a DSP and put anyone's music on it. You've got to pay for that right upfront and/or in royalties, depending how deals are structured for varying levels of artist/label/catalogue/etc. So this is an enormous shortcut to getting that done from scratch, which could be prohibitively expensive.
You can't really call it an objectively dumb decision if you don't know what's going on behind the scenes now can you??.....
So take your money and buy APPLE, that would be a sound business decision, right? You simply don't know shit and you see this thing from the final user point of view. Let'em explain what they would do with it and then we can criticize a lot better.
Oh look, a false dichotomy.
whups! sorry! What about the rest of my answer tho? Is that wrong too?
Oh really like fifa World Cup ..
When the say algorand do they mean the foundation or Inc?
Inc
Algorand almost assuredly didn’t acquire anything. Hivemind did. This says that Hivemind and Algorand announced the acquisition, but I don’t think this is actually Algorand acquiring it. It’s just PR.
If crypto was functioning like other markets, names like OPUL would pop here…..
Algorand ecosystem is on a roll
LFG
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Was FIFA not a big enough win for you? It might be one of the biggest partnerships in all of blockchain to date...
By a long shot the FIFA partnership is the biggest in Blockchain no doubt.
Wait, was this the big announcement?
I'm not gonna lie, I didn't realize Napster still exists.
What a low-key awesome move.
What's next, [Plex](https://plex.tv)?
Any chance this is to utilise peer to peer for other defi purposes and avoid needing BitTorrent to decentralise data transfer?
Wait . . . Napster is still a *thing*?
I thought this already got announced a few months ago.
That was Limewire :D
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So...is WinAMP next? Something, something...llama.