In this episode, Blockchain Wayne interviews Malik from On The Blockchain. Malik shares his background in the music industry and how he transitioned into the Web3 space. They discuss the potential of Web3 in the music industry, including fair compensation for artists and the ability to leverage digital assets. They emphasize the importance of education and community outreach to onboard more people into the Web3 space. Malik highlights the need for a different approach to engage artists in Web3 and the potential for Web3 to empower marginalized communities. They conclude with advice to do research, seek mentors, and stay focused in the Web3 space.
Learn more about On The BlocChain: https://blocchainshow.com/
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Takeaways
Web3 has the potential to revolutionize the music industry by providing fair compensation for artists and allowing them to leverage digital assets.
Education and community outreach are crucial to onboard more people into the Web3 space.
The music industry needs a different approach to engage artists in Web3, as the traditional industry model does not align with the principles of Web3.
Web3 has the power to empower marginalized communities and provide opportunities for individuals to pursue their passions.
It is important to do research, seek mentors, and stay focused in the Web3 space.
Chapters
00:00 Introduction and Background
02:28 Web3 and the Music Industry
07:06 The Potential of Web3 and the Importance of Education
13:02 The Need for Community Outreach in Web3
18:51 The Impact of Web3 on the Music Industry
23:01 Empowering Artists and Marginalized Communities
26:17 The Disconnect Between the Music Industry and Web3
28:02 Closing Remarks
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