EulerBeats could overturn the Music Industry and birth a Record Label DAO with its DeFi economics.
This week, in the midst of the Hashmasks frenzy, a ConsenSys backed company quietly dropped EulerBeats, “an ultra scarce collection of 27 art + music originals.” Each original is a non-fungible token (NFT) that stores a unique song and animation eternally on the Ethereum blockchain. This alone is a technical breakthrough. EulerBeats went one step further. Not content to simply pioneer a new genre of NFTs, EulerBeats also programmed each NFT with a novel economics that is destined to spark skyrocketing value.
EulerBeats will soon attract immense attention from musicians, the music industry (producers, record labels, etc), NFT collectors and DeFi speculators.
It will likely will join Hashmasks as one of the most sought after NFTs — especially because it is a first-of-its-kind blockchain music. The nature of EulerBeats’ tokenomics rewards strategists, it is therefore crucial to grasp the significance of EulerBeats early and move decisively.
