F2P, quick for “Free-to-Play”, has been a profitable mannequin within the gaming trade for the previous decade, producing vital revenues. Not too long ago, there was curiosity in making use of this mannequin to the music trade. 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 type their very own economies, permitting for the proliferation of F2P fashions. Additionally they acknowledge that there’s a lot to be realized from the gaming trade’s 20 years of testing and improvement.
In a latest weblog submit, Juice discusses their strategy to constructing round particular person creators as in the event that they have been a recreation. 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 trade by exploring F2P enterprise fashions with the assistance of crypto and decentralized applied sciences. By means of their partnership with web3 startups DNS and Block Science, they goal to create a system that enables creators to monetize their free content material.