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HTML0Cherie Hu of Water and Music discusses Web3 at Consensys 2022.
Water and Music, the journal, as well as the research DAO (decentralized autonomous organisation) that is putting together the resources for people working to innovate in the music business has been created to ease dialogue between musicians, industry experts. tech. It is now taking it one step further by is actively engaging with industrial hive mind to develop research initiatives and gives everyone involved a reward.
"My main reason for being a member is helping people to get a better grasp of the world, and be aware of their roles in the world community." is the intro from Cherie Hu, founder of Water and Music. Cherie hopes to aid individuals to receive the most effective available training to impress experts in their field. Cherie's principal tenets, in writing for business. She's been adamant about writing that is able to be used in a practical way. "At the end of each article, you'll be left with an idea of the most effective way to improve your business or improve the job you do. Make sure you're competent enough to bridge gaps between what society of the society and the content we do, is extremely crucial," Cherie explains.
This week, the Water and Music team has increased the frequency of'research sprints', lasting around 10 weeks, where they pick a topic of their choice so that they can gather all of the data they can to offer their customers the highest quality service. When they conduct these research sprints once they've taken the choice to pick the topic, they meet with individuals in their Water and Music community: "We seek out what are your most pressing issues? What's the most important thing you are currently concerned about?' Then, we crowdsource these responses for responses. The structure of the report originates directly from the requirements," she tells me.
Similar to most research sprints Water and Music research sprints are highly collaborative and focused on community. "It's an idea-generating process which is top-down, and we employ several people to aid in the research process," Cherie says. In the present time the Water and Music community has published two papers in the collaboration. Keeping on-trend, they sold NFTs with retroactive effect as well as, for those who would like to contribute to the research, they were able to make a contribution and earnings were split equally among those who contributed. "It's evident for me that the results of this research was better than if only one person tried to investigate every element. The research wouldn't be complete!" She smiles. "It's made me believe in its value in not only connecting people but, even more important connecting to data."
Regaining power
"It's more like an academic term but I think that it's applicable to Water and Music: we're an integral part of a community of experts," Cherie continues. "The concept was first proposed in the year 1991 by cognitive anthropologists Jean Lave and educational theorist Etienne Wenger] and is used to describe a group composed of people who not only have similar desires, passions and interests and passions, but also work together with the sole aim of learning how to create more effective things."
It is possible to be the case for people working in the same field or have similar positions across different sectors. People who communicate regularly and share knowledge. Water and Music will contribute in this way by creating instruments and materials, as well as facilitating peer-to learn among peers "That'll be an extremely important part of the future plans to break down the gaps in information across the music industry, as well as encouraging everyone to become more cooperative," Cherie adds.
There's an idea of taking the control back, and then reclaiming the power' in this. Cherie wants to convince artists that they're stronger than what they appear to have: "Certainly, in the streaming industry, there are increasing concentration of artists that is controlled by Spotify along with other big technology companies. Rates of royalties are dropping -- well, everything is down! So we're providing artists the ability to comprehend the wide range of options. People who are artists and others associated with their work have the ability to become more innovative."
Sux3d7DLXXZZZHfaqDqtw The Water and Music team
Cheire clarifies that "community of practice" originally was a term used to describe professional associations, but could also apply to artistic communities, like these we've seen. The reasoning behind this is that within Water and Music the exact objective is to boost music, and this is directly related to personal motivation. "I'm driven by this project because I was a musician at the piano. I spent most of my time around classical music, however I am a fan of all music and listen to their opinions about where technology is heading," Cherie continues. "Hopefully the information we share helps artists and their teams comprehend the technology better, which will allow artists to produce cool art!"
In the rabbit hole
The present study is focused on the chaos of Web3 known as the term for the future of the internet based on blockchain technology. "We're trying to establish the appropriate State of the Union for new technological developments in the field of music, specifically ones that create quite a bit of noise" she elaborates. "Web3 is a perfect example because of the huge amount of unease; no one can be sure what's going on. The biggest tunnel continues to go on. It's like "What's going on?" ?'!"
It so it isn't surprising it's one of the most common fears is caused by opinion-based opinions from fans. "I consider that to be one of the major reasons for why many performers haven't been performing NFTs at this moment, because they fear negative reactions from their fans," she ponders. "We conducted a research report concerning issues relating to Web3. Naturally, within the realm of music there are numerous issues regarding licensing, and intellectual property (IP) that could be in the hands of NFTs. This is a complete chapter!"
The Tlg9Yi9H8w9qUpATyR6 It was an event at the Water and Music meetup at the NFT.NYC event.
The next report that will involve the community is in progress. "We're looking into some mysterious topics at the moment like the metaverse or whatever it is!" Cherie jokes. "We're not working on anything right now. We're trying to figure out what people's opinions are about this. And what the people have trouble understanding." This book contains interviews with artists, startups and who founded them along with specialists from the industry about their views of the universe and the things they hope to accomplish within it, as well in the aspects that are proving difficult.
Cherie claims that the goal is to integrate this research and the development of online tools to tackle these issues. "We tested this approach with several Web3 subjects previously, such as the second-hand selling of music with royalty shares and NFTs. Certain smart contracts specify that between 10 and 20% of the secondary profits are given to the individual who came up with it. A large number of people have expressed this as the chance to make money. The reality is that the majority of NFT's do not generate any additional sales." Cherie explains. Cherie believes it is crucial to build an interaction and relationship with the NFT is part of rather as it is the likelihood that an item will be put on market in the future.
Alongside the study, Water and Music will build an interactive tracker online, where the users are able to input their NFT collection, and then check if there were any additional sales, and if there were, how the NFT did to make its way through the market. "We want to build new tools that are interactive. This is referred to as an interactive method of data journalism, particularly for artists as they're the ones who will probably think the most about the release or when the price of NFT decreases. We're working on establishing crucial frameworks and tools that will help people to complete the task of analysis on their own."
Conflicting visions
Cherie says that concepts that are new and intriguing are getting muddy instead of becoming clearer over time "For the metaverse it's one of the best examples. There's an enormous gap between how metaverse concepts were historical as well as conceptually defined prior to during the 1960s." She describes how Water and Music's Water and Music team is creating a framework for understanding traditional definitions of the metaverse and the gap between the expectations of individuals and the reality of what happens.
"The earlier sci-fi novel with reference to the metaverse featured the concept connected virtual and IRL worlds. The world we live in today is far from that vision in the present. Yet, inside the music industry, musicians proclaim "I've launched my personal virtual world" however they are speaking of virtual reality.
"There is a contradiction in the metaverses that exist," she adds. "You must deal with Meta (Facebook's holding company) and Epic Games on one side they are both centralized, and one entity owns everything However, there's the possibility of a Web3-forward , decentralized metaverse with an interoperable identity as well as assets. It's reasonable to try out blockchain technology, and what contribution it can make to this. This is however completely contrary to Facebook's strategy."
Cherie thinks that the metaverse "just changed into this obscure word that anybody can utilize to benefit themselves" and would like to break through the clutter. This fits with her main purpose: Water and Music analyses and critically examines the issue, and is in a position to give practical advice to those to make a decision on what they should do. These are real-world applications also provide aid to artists as well as their employees when they are considering joining with certain metaverse-based platforms.
The Water and Music meetup at the NFT.NYC conference
Cherie closes her show with a typical style, provoking co-operation within her Water and Music community. "In the months ahead, we'll feature interviews with platforms, artists and founders of startups. Our investigation into the metaverse is scheduled to continue throughout this summer until the end of this year. If you know anyone who is interested in getting involved in this endeavor, let me know. If you have suggestions of people to talk with I'd love to hear your ideas!"
To learn more about more information, check out the website. Also, you can follow Cherie for news on her twitter feed Twitter: water along withmusic. To become a member of the Water and Music community, and gain access to the community's in-depth research reports and Discord server, go to waterandmusic.com/membership.
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