Web3 Series: How Music Will Drive Web3 with Cooper Turley

Cooper Turley (@Cooopahtroopa) joins Erik on this episode. Takeaways:- Cooper believes that in 5-10 years music streaming will all be happening on chain.- Cooper cares much more about where culture is happening and where people are spending their time than about underlying technology.- DAOs need to prove that they can help people ship products better than private groups. They may not replace Microsoft but they can mobilize people around smaller niche categories.- Web 1 was the “read” web, Web 2 was “read and write” and Web3 will be “read, write, and own.”- Music has driven other platforms and it will drive Web3.- Music artists will have to be more like CEOs of a company rather than just creators.- Lots of crypto projects will struggle in a bear market when all they had to offer was profit, rather than underlying value.- Culture is becoming finance. There will be the advent of “patronage plus” which allows for someone to own the upside of something rather than just owning the experience.Thanks for listening — if you like what you hear, please review us on your favorite podcast platform.Check us out on the web at www.villageglobal.vc or get in touch with us on Twitter @villageglobal.Want to get updates from us? Subscribe to get a peek inside the Village. We’ll send you reading recommendations, exclusive event invites, and commentary onthe latest happenings in Silicon Valley. www.villageglobal.vc/signup