When music, NFTs, and rhythm games met decentralization at the same time.What gonna happen?
“Music is a world within itself, with a language we all understand,” says Stevie Wonder.
NFTs and the Metaverse are two of today’s hottest topics. But whenever anyone talks about linking NFTs to music, a key question always arises:
With almost unlimited access to huge libraries on music apps like Spotify available for a small monthly fee, why spend money on music NFTs?
If we want to answer this question, We might as well go back to the features of Web3 and rethink the whole thing.
An important feature of Web3 is its decentralized nature, which provides opportunities for true player ownership, community, and collaboration. If player ownership, community, and collaboration opportunities are all linked through NFTs, we see the potential for music to be given a new definition. For example, music can be used not only to listen but also to play and even earn money.
There is such an easy-to-understand statement in blockchain games that the P2E business model has a long history in traditional games. Its prototype is the sale of assets in games such as "World of Warcraft" and "Dungeon and Warriors". Earning money, and playing earning games have upgraded this model. Players can earn digital assets to trade or sell in the open market by playing games based on cryptocurrencies and NFTs to create the effect of earning actual income.
It is characterized in that the player is the consumer and the asset owner. The game assets acquired by the player in the game will be recorded on the blockchain in the form of NFT (non-fungible tokens), and this record cannot be tampered with and is open and transparent. . Players who want to make money in the game no longer need a third-party trading platform to ensure the safety of transactions.
Today, with the popularity of the creator economy, there are many new economic miracles in the Play to Earn field, and DEBEATS we are going to talk about today is one of them. DEBEATS has just concluded the Solana summer camp jointly organized by Solana and Dorahacks. Among the 658 projects that joined the Solana
summer camp, DEBEATS won the second prize in Dorahacks' Esports Track and the first prize in Community Voting Grant.
At this moment, what new changes have taken place in the field of Web3Game, what new sparks can NFT plus music plus rhythm games with decentralized attributes create with each other, and what new ways to Play 2 Earn, with these questions, we're glad to have DEBEATS founder KK Chen join us today.