Connect with us


“NFTs will transform the music industry” – according to Sam Kovacs from Loud Crypto Records

“NFTs will transform the music industry” – according to Sam Kovacs from Loud Crypto Records

Naysayers will discard NFTs as expensive Jpegs, others say NFTs are a building block in the early days of Web 3.0, one thing is for sure: NFTs have caught mainstream attention. But while everyone is focusing on digital art, one entrepreneur sees NFTs as an opportunity to redefine business models, and shake up entire industries.

Sam Kovacs, who goes by dollardollarsam online, is the founder of Loud Crypto Records, an NFT project which pays homage to Hip Hop’s greats and will finance the first decentralized rap label.

NFTs harness the power of community.

You’ve certainly seen NFTs from now famous collections such as CryptoPunks or the Bored Ape Yacht Club, but Sam Kovacs believes that digital artwork is just the tip of the iceberg when it comes to NFTs.

“Most people who don’t get NFTs think people are just buying Jpegs. What they don’t realize is the power of bringing together a community and directing them towards a common goal. Utility and community are what can make NFTs more than just Jpegs”.

NFT projects bring together large numbers of people who share similar interests. The founders of successful projects can raise millions of dollars to finance their decentralized ventures.

According to Sam, “decentralizing the production, promotion and distribution of music is possible by aligning artists with their fans directly, leveraging the multiple use cases of NFTs”. He strongly believes that NFTs can challenge accepted economic models, provided that pioneers lead the way.

NFTs to transform the music industry.

He believes that NFTs are the solution to transform the music industry. He founded Loud Crypto Records, which will operate as a foundation which is managed by a decentralized autonomous organization (DAO).

The foundation will release a collection of 4,500 to 5,000 NFTs in homage to the best ever Hip-Hop artists. It includes portraits of top rappers such as Eminem, Snoop Dogg, Dr Dre, Andre 3K, Tupac and Notorious BIG.

The funds will serve to launch the first decentralized rap label. The foundation’s goal is to be able to offer talented rap artists the best of both worlds: large production and promotion budgets AND a large chunk of royalties, with the balance being split between the foundation behind the label and NFT holders.

“When you buy a Loud Crypto Records NFT, you don’t only get awesome digital artwork. Your NFT serves as you member card to run the label. NFT holders get to choose which rap artists will be signed and produced, receive exclusive albums/singles  in NFT format, and ultimately receive a share of music royalties from the artists we sign.”

Endless opportunities for the music industry.

In the early days of a new medium, it can be difficult to fully understand all the use cases.

The NFT early adopters have fully embraced purchasing profile pic (PFP) NFTs. With Twitter rolling out NFT usage as profile pictures, one can only imagine all the different ways individuals will interact with NFTs on social media.

Sam notes that NFTs offer countless opportunities for the music industry beyond collectibles.

“We can redefine how music is financed, empower artists to become financially independent, and produce music that the community actually wants. The opportunities for the industry are countless: from DAOs, to concert tickets, exclusive albums, merch, mixtapes and more. We’re entering a new era at the ground floor and have the opportunity to build everything the way we see fit”.

To follow Low Crypto Record’s endeavor to transform the industry, you can join the discussion on Discord, follow them on Twitter, or visit their website loudcrypto.io

Lewis Schenk is an Australia-based Entrepreneur, Writer & PR Consultant. His work has been seen in Entrepreneur Magazine, International Business Times, Addicted2Success & The Good Men Project. Lewis is passionate about sharing empowering stories from people around the world, particularly those in entrepreneurship & business. He has been privileged to work with over 600 businesses and entrepreneurs, helping them amplify their message and build their brand & online presence.

Advertisement defi

Join Disrupt Magazine

Become A Disrupt Contributor

Most Disruptive

tezos and NFT tezos and NFT
NFT3 weeks ago

Beginners guide to NFTs: What are non-fungible tokens?

You have probably heard the word NFT hundreds of times so far. At first glance, you thought it only had...

Sports + Gaming2 months ago

What Motorcycles Are Good For Long Trips?

Motorcycles are all about freedom. But the question is: how often do we really go out there and enjoy the...

Executive Voice2 months ago

3 Ways Maternal Instincts Give Women In Leadership An Advantage

As the landscape of gender roles continues to be redefined, these 3 experts agree that their maternal instincts provide an...

Executive Voice3 months ago

The Queen of Title: How Powerplayer Rachel Luna is Disrupting the Title Industry Through a Modern Approach

Rachel Luna has made quite the name for herself within Texas’s title real estate business as the Title Queen and...

Executive Voice3 months ago

Nancy Almodovar: The Latina CEO Who is Disrupting the Status Quo of the Luxury Real Estate Market

It comes as no surprise that Nancy Almodovar, the CEO and founder of Nan and Company Properties, is one of...

Business3 months ago

How To Nurture Talent Within Your Business

Your business can only succeed with talented workers on the payroll. Luck and even strong economic conditions will only get...

NFT4 months ago

Solana’s value plummets below $98 due to a Wormhole Exploit

Many people thought blockchain technology was robust, secure, and virtually “unhackable.” However, the crypto world has faced several hacking incidents...

NFT4 months ago

Polly Kole, The Beauty With Gifted Hands Tycoon Of NFT Sculptures

In a society full of stereotypes, people clinging to appearance and disregarding one’s achievements is the magnificent Polly Kole stunning...

gold and black round emblem gold and black round emblem
Cryptocurrency5 months ago

Bitcoin’s Volatility Explained

Since cryptocurrency was introduced in 2009, it has become a very controversial subject for both critics and supporters. One of...

News5 months ago

Spider Man; No Way Home’, Crushes Box Office Estimates Generating A Mammoth $253 Million In North America.

After only 3 days in the cinemas, the latest and last Spidey outing disrupted the international market as the highest-grossing...


Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.