F2P, quick for “Free-to-Play”, has been a profitable mannequin within the gaming business for the previous decade, producing vital revenues. Not too long ago, there was curiosity in making use of this mannequin to the music business. Juice, a collective of music tech founders, artists, and buyers, is exploring this idea in partnership with web3 startups DNS and Block Science.
Juice believes that there’s a nice alternative to develop F2P enterprise fashions in music utilizing crypto and decentralized applied sciences. They imagine that creators can kind their very own economies, permitting for the proliferation of F2P fashions. In addition they acknowledge that there’s a lot to be discovered from the gaming business’s twenty years of testing and improvement.
In a current weblog submit, Juice discusses their strategy to constructing round particular person creators as in the event that they have been a sport. They suggest a mannequin that enables creators to monetize their free content material by making a system inside their product. The submit delves deeper into the main points of this mannequin and is price a learn.
In conclusion, Juice is trying to disrupt the incumbents within the music business by exploring F2P enterprise fashions with the assistance of crypto and decentralized applied sciences. By their partnership with web3 startups DNS and Block Science, they intention to create a system that enables creators to monetize their free content material.