Patron Token: Art Monetization 3.0

Content Tokenization - New Era for NFT

Trait-based collections dominate current market. Teams and corporations focus on brand of name and cartoon characters. It’s all about raw force of marketing - increasing recognition and building communities. But where is content itself?

There are a lot of existing media that aren’t efficiently monetized. Music is primary example. Digital files are worthless, they must to be. There will always be someone who copies them. And this is good thing, because opens access to culture for everyone.

But creators must make money to survive. But how? Is gathering fans in an ever-tightening space the best solution for monetizing music?

I don’t think so. We need to find better ways. My solution? Three pillars of content-finance: Patrons, Supporters and Sponsors.

Patron Tokens

Inspired by patronage system from classical music. Modernized for needs of XXI century culture. Instead of limiting it to one-time fixed dedication, patronage can be traded on marketplaces.

Being Patron is more than just title. The most important supporters must be recognized. This is what descriptions exist for. Artist write name and links to socials directly under music video. This is the Patron Slot. Main utility of Patron Token.

New Protocol for NFT

This is game-changer for music tokenization. You could release many small collections, but their status will not dissolve. Because there will be big one, that connects everybody.

I coded album collection that works before Discography is released. When core will be deployed, it will automatically display current owners of my First Patrons. To be able to trade them with core, all you need to do is send token there or click a button.

Open-sourced code for Artist Patrons will be available to every creator. Not only tech-savvy, I plan to share easy to use NFT creator. Designed for audio. Specialized for Patronage Token: customizable by owners music player, patron identity expressed INSIDE token, commercially correct renting system (what if you trade Patron title to somebody else?). And many, many more.

If you want to make your new collection compatible with Artist Patrons, I already published guide how to deploy it. It’s a little techy, but I can help you with it.

Content Tokenization

I want to program ecosystem for artist and content archive for audience. Connect artists with fans and give bigger ones recognition they deserve. For music, there a lot more. It’s part of digital realm so why not enhance albums with animations driven by sound itself? After all, music is something that happen over time.

NFT could be used to empower existing culture. Merge old with new. It's time to put down cartoonish plushies and take content into our hands. Tradable patronage is just the beginning.