A true NFT album might have been worth something but what Tory did wasn't really NFT. What he did was SFT which is Semi Fungible Token. He sold a million copies of his NFT album which really makes it worthless as a collectable. If there was only 1 copy then yeah that shit could be worth a lot of money but since there's a million copies it's worthless. NFT only works as a collectable. Digital collectors aren't going to want something that has a million copies. As for the general public, people like to download music and listen to it whenever and where ever they want. They ain't going to care that an album is an NFT they just want to listen to the music in their cars, on their headphones, or whenever. NFT won't be that big of an impact to the music industry as a whole. Tory Lanez really just sold 1 dollar lottery tickets to his fans. Maybe a few will resell for more then a dollar but most won't resell at all.
You put it into perspective but I’ll research SFT but I think it’s still valuable but at the end of the day even if his point was to see if he could make a million he did that and job well done this is something that would make more sense if DRAKE did it or RIHANNA they would make a killing due to there platform and fans but what this does is changes the AUTHENTICATION GAME AS A WHOLE fuck the music part this is GENUIS in a authentication form I want to know I have something rare and valuable that someone would want.
You are solid gold for putting copyright explain in every video. Too many artists still don't know their rights and you are building our careers out here. Much love and respect 🙏
This is something i WISH Nip was here to see, I can only imagine how he would’ve niched his way in…🤯 I knew about NFTs but you broke it down in the most simplest form…
Love it! Hopefully we can be a part of the solution(revolution) in how artists get paid more for their music. Great content and thorough breakdown as always Casey!
Our dad, Rock & Roll Hall of Famer, Hank Ballard, generated $34 million for his record label, King Records. Ask me if any of my siblings & i, are millionaires (?) NOT !!!! 😡
I am devouring your videos over the last 48 hours. I somehow got interested in how this industry distributes money. At first I was just being nosey, curious, wanting to figure out which of the musicians I really play will be around 10 years from now and which ones are just passing through. I just watched "Take me to the River" about Memphis and Stax Records (and what destroyed the company). I thought I should say hello before I go back to more viewing. I don't know where this leads but it is fascinating.
This is brilliant video explained in a nutshell .... It's time to take full control of your own Audio content ... #Russ, #JoynerLucas and now #ToryLanez
THIS IS WHY I pay attention to other industries outside of my own. Thanks for sharing this information. ABSOLUTELY going to have a first-mover advantage in my niches.
This is amazing and there are so many things similar in here that are similar to the world of network marketing, network marketing is the evolution of the traditional economy, digital currencies is the evolution of the economy in general, and basically money's getting to a point where it will no longer be a necessity it's going to have the same treatment as that of a video game, you can earn it, for extra things, but you don't need it, for the basic necessities, and how the Necessities are being met, is by people getting together, gardening, planting, connecting with Nature's plant medicines and food, respecting the life of the animals, learning the seasons etc...change is the only constant...let love be your guide cause love is the only reason any of us even exists...heck all this man made complexities wouldnt exist if humans didn't have some form of love responsible for the duplication of humanity and the animals. Namaste.
One thing you gotta know about Troy is that he is very strategic and very intentional. He’s been that way his whole career. Best believe BOTH artist on that celebration song got the message Troy was sending. Tory’s trolling is God level. He Trolled 2….. with one song. Listen to the track closely. You gotta be able channel your frustration effectively through passion for what you do. Tory did just that and it’s just one of many chess moves here.
Do u think it's the end of music publishers? I'm a music publisher but I'm also a music investor as well man I'm definitely gonna learn this I'm so excited
Its gonna hurt us tremendously because of how the smart contract is structured. Music publishers would truly have to figure out how they can get a piece of the revenue stream of this model.
@@MusicMoneyMakeover facts I only been in the publishing game for a few years I look at it like you have to adapt or your gonna get left behind plus I'm a investor so I get it 100%
It seems like a pyramid maybe they don't want the sync licensing or streaming licensing you must purchase it from someone who purchased the nft and Tori and that person will continuously get paid every time it exchanges hands. Like private music or something.
Thank you so much for doing this vid, my bro and I literally hypothesized this blockchain music service outside of our part time job after work and I'd been doing so much research in the last 3-4 months on NFT's and Ethereum specifically. I really thought I was gonna somehow have to meet some geniuses to pull this off but since it's already at the forefront, then there's GOT to be an investment opportunity to get in on even if artists don't see themselves integrating to blockchain any time soon...
Also I can't wait to see how this war plays out between streaming platforms and ENFT, I feel like the giants like spotify & apple will do everything in their power to buy into large amounts of NFT product as artists drop, then it will become an issue of the masses having to go through secondary streams, errthang subscription gonna be $20 a month even with student discounts lol
So basically the next thing to hope for is those who bought the NFT to be able to maximize the sales of the music. In my opinion thats what would make a major shift for independent artist and investors, right?
I think it was a great marketing move. The price of the album seemed inconsequential because the marketing was the key. NFT album drops aren’t new. Lupe Fiasco and others have done it. Tory is very good at using his platform and his ability to hype things up to his benefit. I think it’s great for conversation and anything that shifts the power back to the artist is a WIN!
what you mean WHAT IF...? it's not a question. you on the right track with your suspicion. does your own, innate capabilities of discernment not answer your own question for you?! it's not '"WHAT IF that were so", it's "it's' a 🤬 shame that this IS SO"
I can see this helping artist that was on a label that has built up a fanbase, and some artist may not renew contracts after it’s up. However, do you feel this will hurt independent artists that don’t have a huge fan base?
I don't think it will hurt new artist I just think it's a more direct route to your consumer.... This with the correct marketing strategies will deffo help independent artists build their fan base and then to scale
@10:00 Wow ! I had to hit pause because if you buy 10 albums. You can them for $10 each and Tory will get his back end through different platforms. Which puts 💰 in the fans pocket. The way you explained it, now I see what Tory was so HYPED about
I always wondered why Entertainers go broke -- especially singing groups. Learning more about the music business; I realize those dollars and pennies are divided between so many people or Music Contributors.
Yuh... Money w/ a bunch of stringz attached which u don't find out til itz too late & if dey kno n advance iz even more troubling b/c dey knew wat dey signed up 4.
DJs & Radio stations just have to buy the NFT album or song if they want to want to play the songs on their platform. Ain't no free music with NFTs. The creators will make money until the end of time with this technology. No more middle man.
If he knew about this revolutionary currency exchange for a number of years, how long y'all think the mafia & Las Vegas got a hold of this info? Explains why a lot of artists are showing up dead as well: It's a last minute cash grab before artists/production camps start seeing these deals regularly. Big labels will also attempt to continue (referencing the H&M/elevator music) pay flat fees for independent bands to replicate sounds of artists like Tory Lanez & other heavyweights, while wholeselling those off-brand artists' tracks in-bulk for pennies on the dollar to places like Starbucks and whatnot.
@@MusicMoneyMakeover the only part he did differently was allowing the alb to be cheap so he could go platinum in under a minute. Which after more artists do that, watch diff rules and regulations change.
@@MusicMoneyMakeover wat I find most interesting is how these moves will affect artists in record deals. Or artists nd producer relationships. Does the artist owe money to the producer/labels or did he have the right to post the record in the first place. How will new splis be drawn up if at all and how will they be fought in court
but if i buy this NFT how do i get the album? And when i have the album, what stops me from uploading it to youtube or any download platform to offer it to others for free?
This was an NFT in theory only. Tory is NOT independent. This album was marketed by Tory! Going platinum is not what it was 10 years ago for hip hop artist. Those are artists are the only ones that keep struggling but looking like they have money.
It still don’t make sense, because say if I buy the music from nft platform.. I still can record the music and give it away for free or charge and take all the profits..so it don’t make sense if I can get the music
He made a million because of buyers wanting in on being the first buyers for a new trend... but try to resell it to someone. I don't think it will work how shoe reselling works. U cant flip music because all it takes is one person to leak it or make it downloadable.
Its the wild wild west their must be pioneers. Content ID methods are in place to block this thats why you dont really see to much illegal uploading plus the owners will do their policing as well.
I would be so excited in 2021 to meet a person on the street who wanted to sell me a copy of the new tory lanez album and it’s on CD. 1 person buys all million copies and hustles each one . 2 for $5.. that would remind me of the years in the past a lot
A true NFT album might have been worth something but what Tory did wasn't really NFT. What he did was SFT which is Semi Fungible Token. He sold a million copies of his NFT album which really makes it worthless as a collectable. If there was only 1 copy then yeah that shit could be worth a lot of money but since there's a million copies it's worthless. NFT only works as a collectable. Digital collectors aren't going to want something that has a million copies. As for the general public, people like to download music and listen to it whenever and where ever they want. They ain't going to care that an album is an NFT they just want to listen to the music in their cars, on their headphones, or whenever. NFT won't be that big of an impact to the music industry as a whole. Tory Lanez really just sold 1 dollar lottery tickets to his fans. Maybe a few will resell for more then a dollar but most won't resell at all.
Thank you for informing me on SFTs i will do my research with this!
I mean I hear you but wouldn’t that depend on how big Tory star rises to know and see whether the million $$ album could be resolve as NFT ??
@@tinabaygboe6879 thats what I was thinking. What if tory gets on the same level as drake. Its possible for this album to be worth fortunes
Exactly, thank you. This is a terrible route. He's being black balled. It was the only way to make it look like his numbers aren't dropping.
You put it into perspective but I’ll research SFT but I think it’s still valuable but at the end of the day even if his point was to see if he could make a million he did that and job well done this is something that would make more sense if DRAKE did it or RIHANNA they would make a killing due to there platform and fans but what this does is changes the AUTHENTICATION GAME AS A WHOLE fuck the music part this is GENUIS in a authentication form I want to know I have something rare and valuable that someone would want.
This is precisely why WE need our OWN people explaining things in ways we can relate.
Good job bruh!
He didn't desstroy the music industry. He actually saved independent artists.
Exactly! 👌🏾
Word
no independent artists been here and was not going anywhere...Tory can barely save his already mediocre career. Tory not top tier
@@talibmoore9972 Tory doin' better than most of your favorite rappers on God! Plus he owns his music.
He destroyed the way the machine works.
Tory is giving confidence to the independent artist. ☂️ ☂️ ☂️ ☂️
Big facts
He is. 🛸
Gas fees tho
Tory is Independent, owns his Masters, Royalties, and Publishing 🙏🏿He sold his album for $1 made 1 million. He keeps all the money 💯
Not to mention he made that million in less than a minute. And he gets a platinum plaque.
Just like that😭😭😭🔥🙌🏾
They tried to frame him up. It didn't work
He still shares with producer,songwriter.But yea since he’s own his master he get keep more money
@@str1ve305 Finesser Tory
I’ve been trying to understand NFTs for forever and you just broke it down better than some crypto channels. Thank you
You're welcome
@@MusicMoneyMakeover got a new subscriber
I feel my brain cramping sometimes !!
Dame Dash been doing this for Years showing talented Artist how to independently work distribution!
You are solid gold for putting copyright explain in every video. Too many artists still don't know their rights and you are building our careers out here. Much love and respect 🙏
This is something i WISH Nip was here to see, I can only imagine how he would’ve niched his way in…🤯 I knew about NFTs but you broke it down in the most simplest form…
Nip was a leader in crypto and the blockchain. He would've been all over this and killed the game.
Facts ua-cam.com/video/_JUuDvjy2X4/v-deo.html
FACTS I was thinking the same. He would have put it down tough
@@bsquare5665 not gonna lie bro, that “Johnny On The Spot” fucking slaps!!! What city u from fam? Much love from the UK 🇬🇧
I was thinkn the same shit rip nipsey
Tory is a genius for taking this leap
I want to give you credit. You been fighting the power for years. This whole channel been on this
Thanks Carl!
The fact that I thought of this concept before all of this unfolded let's me know I'm on the right path 💪🏿
Same here
Keep going 💪🏽
You on the right path brother , what's your Instagram handle
No you didn’t 🤣🤣🤦🏿
@@theoceantunnel IG: TOAAFLEXGOD
Producers have been doing this for the past year, it was only a matter of time …i hope Kanye drops Donda as an NFT
Smart 'Donda' NFT
How bout gas fees
Love it! Hopefully we can be a part of the solution(revolution) in how artists get paid more for their music.
Great content and thorough breakdown as always Casey!
Do you know if i can still buy in?
Sorry for the edit at 08:50 I got a copyright strike ugghhhh
How ironic 😭
WTF How come?
Oh no! Why did you get a copyright strike? Can you appeal it?
Our dad, Rock & Roll Hall of Famer, Hank Ballard, generated $34 million for his record label, King Records. Ask me if any of my siblings & i, are millionaires (?) NOT !!!! 😡
Tory’s cut the middle finger anything using him got to pay him 💰 ain’t no more waiting to get fucked!
Literally was just talking bout this! Thank u man
Make sure you watch!
@@MusicMoneyMakeover as a dj I feel like there’s an untapped market for the info u gave. I’m looking for coders as we speak
The more time that passes by. I see why the big labels would want to cancel him.
For protection outside of NFT, they will follow the film industry when sending out screeners to radio stations, DJs etc..
I am devouring your videos over the last 48 hours. I somehow got interested in how this industry distributes money. At first I was just being nosey, curious, wanting to figure out which of the musicians I really play will be around 10 years from now and which ones are just passing through. I just watched "Take me to the River" about Memphis and Stax Records (and what destroyed the company). I thought I should say hello before I go back to more viewing. I don't know where this leads but it is fascinating.
Its going to lead somewhere!
This is gonna be legendary. Hello people of 2040
Dame Dash is a genius
Yes sir i agree
This is brilliant video explained in a nutshell .... It's time to take full control of your own Audio content ... #Russ, #JoynerLucas and now #ToryLanez
Riss and Joyner still signed major deals
THIS IS WHY I pay attention to other industries outside of my own.
Thanks for sharing this information.
ABSOLUTELY going to have a first-mover advantage in my niches.
Thanks for breaking it down 4 us. Much appreciated (as per usual).
This video was very helpful!! Thank you for the knowledge especially for someone who is looking to start their own label soon.
Keep a eye out for the Quadcities
The Wild! Wild! West has just begun again💥💥💥💥💥
This is incredible
Thanks for this bro much appreciated no 🧢
This is amazing and there are so many things similar in here that are similar to the world of network marketing, network marketing is the evolution of the traditional economy, digital currencies is the evolution of the economy in general, and basically money's getting to a point where it will no longer be a necessity it's going to have the same treatment as that of a video game, you can earn it, for extra things, but you don't need it, for the basic necessities, and how the Necessities are being met, is by people getting together, gardening, planting, connecting with Nature's plant medicines and food, respecting the life of the animals, learning the seasons etc...change is the only constant...let love be your guide cause love is the only reason any of us even exists...heck all this man made complexities wouldnt exist if humans didn't have some form of love responsible for the duplication of humanity and the animals. Namaste.
I just randomly came across your channel, glad i did you break things down so it can be comprehended thanks bro
I'm tripping off of the celebration song with all that's been going between Tory and Cassidy 😄✊🏾🍾
One thing you gotta know about Troy is that he is very strategic and very intentional. He’s been that way his whole career. Best believe BOTH artist on that celebration song got the message Troy was sending. Tory’s trolling is God level. He Trolled 2….. with one song. Listen to the track closely. You gotta be able channel your frustration effectively through passion for what you do. Tory did just that and it’s just one of many chess moves here.
Had to subscribe 🔥
🥴 I purchased 50 of Tory Lanze NFT'S. Tory is a Grammy Nominated artist.
How much are you reselling for?
@@MusicMoneyMakeover That was part of my question. How do you resale them?
Same here I got 50
Everyone who has respect for themself better sell for $10,000 MINIMUM!!!
@@yasinradee they go up for resale on the 24th
NEVER skip Copyright Explained y'all... as artist or industry employees, we need this ingrained in our noggin.
& this vid was a gem for the future
Thanks for letting the people know!
great video brother .i learned a lot..keep telling the truth brother
Thank you, I will. I appreciate you watching!
@@MusicMoneyMakeover thank you also for the good info
Do u think it's the end of music publishers? I'm a music publisher but I'm also a music investor as well man I'm definitely gonna learn this I'm so excited
Its gonna hurt us tremendously because of how the smart contract is structured. Music publishers would truly have to figure out how they can get a piece of the revenue stream of this model.
@@MusicMoneyMakeover facts I only been in the publishing game for a few years I look at it like you have to adapt or your gonna get left behind plus I'm a investor so I get it 100%
I see this changing the music industry no doubt big game changer.
It seems like a pyramid maybe they don't want the sync licensing or streaming licensing you must purchase it from someone who purchased the nft and Tori and that person will continuously get paid every time it exchanges hands. Like private music or something.
Exactly. And trust that the people on the top have already planned it out.
Great video. I learned so much. Thanks.
Thanks for watching make sure you subscribe
Excellent video Casey! Great job!! 🔥
Great video. Thanks for sharing this info.
Thank you so much for doing this vid, my bro and I literally hypothesized this blockchain music service outside of our part time job after work and I'd been doing so much research in the last 3-4 months on NFT's and Ethereum specifically. I really thought I was gonna somehow have to meet some geniuses to pull this off but since it's already at the forefront, then there's GOT to be an investment opportunity to get in on even if artists don't see themselves integrating to blockchain any time soon...
Also I can't wait to see how this war plays out between streaming platforms and ENFT, I feel like the giants like spotify & apple will do everything in their power to buy into large amounts of NFT product as artists drop, then it will become an issue of the masses having to go through secondary streams, errthang subscription gonna be $20 a month even with student discounts lol
50k starting bid for Tory Lanez NFT When It’s Dark
Just brilliant 🤦🏿♂️💣🔥
So basically the next thing to hope for is those who bought the NFT to be able to maximize the sales of the music. In my opinion thats what would make a major shift for independent artist and investors, right?
I think it was a great marketing move. The price of the album seemed inconsequential because the marketing was the key. NFT album drops aren’t new. Lupe Fiasco and others have done it. Tory is very good at using his platform and his ability to hype things up to his benefit. I think it’s great for conversation and anything that shifts the power back to the artist is a WIN!
He’s the first to drop a full project on NFT
What if Tory Lanez was trying to do this for a hot minute and the powers that be set him up with the accusations to stop him?
what you mean WHAT IF...? it's not a question. you on the right track with your suspicion. does your own, innate capabilities of discernment not answer your own question for you?!
it's not '"WHAT IF that were so", it's "it's' a 🤬 shame that this IS SO"
@@deadassdgaf100 you're right.
I can see this helping artist that was on a label that has built up a fanbase, and some artist may not renew contracts after it’s up. However, do you feel this will hurt independent artists that don’t have a huge fan base?
Following
I don't think it will hurt new artist I just think it's a more direct route to your consumer.... This with the correct marketing strategies will deffo help independent artists build their fan base and then to scale
💪💯ua-cam.com/video/_JUuDvjy2X4/v-deo.html
How in the world would it hurt them lol
Omg this shit is gonna be the new wave omg I cant wait till the next artist do this what's the name of that website
😎😎
@10:00 Wow ! I had to hit pause because if you buy 10 albums. You can them for $10 each and Tory will get his back end through different platforms.
Which puts 💰 in the fans pocket. The way you explained it, now I see what Tory was so HYPED about
Thanks for the NFT info
I always wondered why Entertainers go broke -- especially singing groups. Learning more about the music business; I realize those dollars and pennies are divided between so many people or Music Contributors.
Yuh... Money w/ a bunch of stringz attached which u don't find out til itz too late & if dey kno n advance iz even more troubling b/c dey knew wat dey signed up 4.
Parasitic Business men created a Pyramid Scheme called the Music/Entertainment Industry
a wealth of information. i love it.
Thanks!
Thanks again for the information
amazing content!
Appreciate it!
I have to come back and take notes brother this is deep and helpful God bless you my brother.
Great video bro! Very informative.
No problem! Thanks!
great video, very educational
I know I'm not the only one picking their bottom lip up off the floor!!!!
This is the real reason they locked him up....
Very informative and cutting-edge
Thanks!
This guy definitely knows his S..t! (Information is POWER!)
I have to learn more about this this simply extremely explained but extraordinaire complicated..write way about nfts
DJs & Radio stations just have to buy the NFT album or song if they want to want to play the songs on their platform. Ain't no free music with NFTs. The creators will make money until the end of time with this technology. No more middle man.
They gonna get Tory for this shit... He's a marked man now... Stay safe bro
I was just thinking this, they cut the mob out of the entire industry
🙄
nft-will kill main streaming platforms and 90% of $ will go to artist
If he knew about this revolutionary currency exchange for a number of years, how long y'all think the mafia & Las Vegas got a hold of this info? Explains why a lot of artists are showing up dead as well: It's a last minute cash grab before artists/production camps start seeing these deals regularly. Big labels will also attempt to continue (referencing the H&M/elevator music) pay flat fees for independent bands to replicate sounds of artists like Tory Lanez & other heavyweights, while wholeselling those off-brand artists' tracks in-bulk for pennies on the dollar to places like Starbucks and whatnot.
Music , real estate, art, transferring ownership overall. Nft’s have great potential.
There's been multiple artists doing this... Some have made millions with nft Blockchain full albums or singles. He's just the first rapper to
Kings of Leon did this over 6 months ago. They were the first
The game changer is the streaming not the nft itself
@@MusicMoneyMakeover it's still files under an nft bro.
@@MusicMoneyMakeover the only part he did differently was allowing the alb to be cheap so he could go platinum in under a minute. Which after more artists do that, watch diff rules and regulations change.
@@MusicMoneyMakeover wat I find most interesting is how these moves will affect artists in record deals. Or artists nd producer relationships. Does the artist owe money to the producer/labels or did he have the right to post the record in the first place. How will new splis be drawn up if at all and how will they be fought in court
but if i buy this NFT how do i get the album? And when i have the album, what stops me from uploading it to youtube or any download platform to offer it to others for free?
Why would u if u know you're 1 out of a million who has it ..
Which mean you'll be one out of a trillion ppl 💰💰💰
@@sonnithegoat who cares? nobody is gonna buy that shit anyway
I like stories like this👍
Me too
This is awesome
as independent artist why should we care bout them having to re route shit evolving i love this.
This was an NFT in theory only. Tory is NOT independent. This album was marketed by Tory! Going platinum is not what it was 10 years ago for hip hop artist. Those are artists are the only ones that keep struggling but looking like they have money.
the producer needs to make way more money than that
Tory ain’t playing!!!
This is probably why the industry tried to destroy him BAC in the day
I think this is what held me back from the game true ownership
They trying to take out tory and da baby cause they making it hard for industry plant artists
People have been selling music NFT’s since it’s inception.
good man love it so neeed.it
I think this is Great if I'm not wrong it seems to help the fans make money also, while supporting their fav artist
Yep
Everyone be assigned a position and mandated in all music smart contracts
Very informative. TL is smart.
This is GENIUS! 🤯💰💰💰
This is why they came after him
It still don’t make sense, because say if I buy the music from nft platform.. I still can record the music and give it away for free or charge and take all the profits..so it don’t make sense if I can get the music
You can’t lol. Content ID is locking down
Samson Biggz what do you think his nft album resale around for?
Tha Truth
Damn that's genius 👏 🙌 👌
Maybe this is why he was framed
What app or site do you go to participate in trading these nft’s
This is why they are pushing to get rid of him he's try to bring down the giants
IMMPRINTT was here 🔥
He made a million because of buyers wanting in on being the first buyers for a new trend... but try to resell it to someone. I don't think it will work how shoe reselling works. U cant flip music because all it takes is one person to leak it or make it downloadable.
Its the wild wild west their must be pioneers. Content ID methods are in place to block this thats why you dont really see to much illegal uploading plus the owners will do their policing as well.
Who do I contact if I have an idea and business plan revolving around nfts
I would be so excited in 2021 to meet a person on the street who wanted to sell me a copy of the new tory lanez album and it’s on CD. 1 person buys all million copies and hustles each one . 2 for $5.. that would remind me of the years in the past a lot
That's what's up
I was looking for information on what he roughly felt the value of the nft would be
How much will resale be!?!? I got 250 copies and I’m hearing a lot
10 to 100 usd
@@ffn6472 You don’t know anything.
Bro 😎 I can definitely do that