Coop 🔥_🔥
@Cooopahtroopa
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Onchain music @cooprecordsxyz | @invinmusic | @cooprecsmusic
Los Angeles
Joined May 2011
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Pinned Tweet
Proud to announce Coop Records Fund I 🎧
A $10M early-stage fund investing in the next generation of music.
Here's what you need to know 🔽
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Paid off my parents mortgage for Mother’s Day.
Paid off my student loans.
Five years in crypto and it’s starting to come together - all thanks to ETH 🤝
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Selling 25 Music NFTs at 0.1 ETH pays more than a million streams on Spotify.
Let that sink in.
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Music has a new canvas.
We’re witnessing an audio movement driven by scarcity, fandom and access.
This is the Music NFT Landscape.
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Music is having its web3 moment:
- Streaming -
@AudiusProject
- NFTs -
@catalogworks
- Royalties -
@join_royal
- DAOs -
@dreamsnevrdie
- Funding -
@viamirror
- Research -
@water_and_music
- Fans -
@soundxyz_
- Collabs -
@arpeggi_labs
- Grants -
@audiogrants
🎧👀
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I'm going full-time DAOs.
Here's how - and how you can too.
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There is no part-time crypto.
You are either fully immersed, or you are not.
This space moves way to fast to only half pay attention.
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In 2020 I bought a CryptoPunk for $366.
Today, that same asset is worth nearly half a million dollars.
This is why everyone needs to pay attention to NFTs.
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We are in the MySpace era of web3.
The next Facebook, Instagram and Twitter have yet to be created.
Zoom out.
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Collect NFTs that you love, not what you think will make the most money.
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Music NFT starter pack:
- Upload a track to
@AudiusProject
- Mint a 1/1 on
@catalogworks
- Host a listening party on
@soundxyz_
- Make a track using
@arpeggi_labs
- Start a blog on
@viamirror
- Release a music video on
@GlassProtocol
Good luck!
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Buying an NFT from a celebrity is cool.
Buying an NFT from a new artist building a community-first brand is way cooler.
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Buying ETH at $3000 today is the exact same as buying ETH at $300 in 2017.
Don’t miss it.
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If you were good at video games, you're probably crushing it in crypto.
Runescape, Halo, Fortnite, Warcraft - it's all relevant.
Web3 is the world's largest MMORPG.
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Learn how to explain complex topics in simple terms and you will change the world.
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The genie is out of the bottle.
Kids will set up crypto wallets before they set up checking accounts.
It's only a matter of time before banks are forced to adapt.
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The core tenant of any web3 project is a token.
@lstephanian
and I explored key trends to find the optimal distribution.
Here’s what we found 📊
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First it was DeFi.
Then it was NFTs.
Next is DAOs.
Plan accordingly.
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ENS shows that you can bootstrap a multi-billion dollar community without private investors.
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Best Starter DAOs:
@FWBtweets
- Culture
@forefront__
- DAOs
@seedclubhq
- Community
@developer_dao
- Devs
@banklessDAO
- DeFi
@songcamp_
- Music
@KrauseHouseDAO
- Sports
@brtmoments
- IRL NFT
@protein
- Brands
@pub_DAO
- Media
@water_and_music
- Research
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Many have predicted that DAOs will eclipse centralized organizations.
How does that happen, and how do DAOs successfully scale to that size?
Through SubDAOs 🔽
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You can hold BTC and ETH and do absolutely nothing for the next 5-10 years and make more money than most people will in their entire life.
The hardest part is never selling.
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Meta is extremely bullish for crypto.
There is no reality where the metaverse is not powered by web3.
Today - the biggest social network in the world just validated that future.
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The largest tech leaders in the world are openly challenging web3.
Probably nothing.
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We need to make the onboarding cost of web3 more accessible.
Most people do not have thousands of dollars in disposable income to get started.
Pay close attention to projects which let you join this community with $100 or less.
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Start a DAO in four steps.
1) Create a token using a Mirror crowdfund.
2) Store funds in a Gnosis Safe multi-sig.
3) Setup a Snapshot space for governance.
4) Make a Discord with token-gated access.
All of which is free to use (minus gas).
Good luck!
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We are not in a bear market.
Ask anyone who was there in January 2019.
ETH was $100. Twitter was a ghost-town.
This is an opportunity, not a time to be alarmed.
Corrections are healthy - take advantage.
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There has never been a better time to get started in crypto.
- Buy ETH
- Collect an NFT
- Join a DAO
Welcome to the future.
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Thinking of starting a weekly Music NFT newsletter 🎧
Who’s interested?
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Web3 is a 24/7 industry.
There is no clocking out.
Enjoy life, but realize every minute you take off someone else is gaining headway.
Don't lose your edge.
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Walking around Art Basel and something really clicked.
Taking a picture of physical art is no different from taking a screen shot of an NFT.
Free for all to enjoy, owned by one.
It’s only a matter of time before everyone else realizes this too.
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Music NFTs favor independent artists.
Web3 is the new record label.
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Music NFTs are the first opportunity to properly value what a song is worth.
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DAOs are the new startups.
They’re messy, chaotic and unproven.
But - you learn the most and have unparalleled upside.
Work for a DAO.
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3 months of crypto bull market left.
ETH to $10k.
NFT floors through the roof.
$1B val DAO tokens.
Then it will all come back to reality as we spend 3 years focused on better onboarding.
Good luck 🤝
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Always spend money on experiences.
Money is replenishable, memories are not.
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Some personal news.
I’m doubling down on investing in culture and crypto by joining
@variantfund
as its newest Venture Partner.
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Music NFTs are the biggest unlock for independent artists in history.
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Web3 was not made to make you rich.
Web3 was made to set you free.
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Crypto is no longer only about making money.
- Find friends online
- Work on what you love
- Pursue a creative career
- Travel the world
- Build better social identities
- Flex your digital assets
- Join a community
These are the tenants that lead to lasting adoption.
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Being first does not make you great.
Being great makes you first.
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The best time to work in web3 is now.
The best time to buy an NFT is now.
The best time to join a DAO is now.
The best time to take the plunge?
Right now.
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It's obvious
@ensdomains
is a critical part of web3 onboarding.
Your first transaction after setting up a Metamask should always be to register your .eth domain.
No wonder $ENS is the most talked about launch in months.
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In 2021, everyone bought their first NFT.
In 2022, everyone will join their first DAO.
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Looking to stay up with the leading minds driving web3?
A list of founders to follow - segmented by sector 🔽
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Collect a Music NFT.
Invest in the artist’s success.
Feels pretty good.
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Loot is the craziest shit I’ve seen in my 5 years of being in crypto.
These are the stories that make the history book.
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10 Music NFT collectors are more valuable than a million monthly listers on Spotify.
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DAOs are internet communities with a shared cap table and bank account.
Breaking down the DAO landscape 🔽
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Teach creators how to use web3.
Invest with your time, not your money.
Learn how to tokenize niche communities and you will be an invaluable asset to everyone you meet.
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The best way to learn web3 is by joining a DAO.
You’ll buy tokens, use Discord and learn how to vote.
Once you’re in - you’ll be surrounded by a community excited and eager to help.
This is where you find your family.
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Working on an updated Music NFT Landscape.
50+ new projects on my radar.
Who else needs to be on it?
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Building community is more important than raising capital.
Community attracts capital.
Capital can not buy community.
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We are still 3-5 years away from genuine mainstream adoption of web3.
There are glimpses of this today, but there's an extremely long road ahead.
Don't get caught in the hype.
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A ton of people really hate NFTs.
We need to do a better job at showing that web3 is about more than making money.
Community and connection are the silver linings.
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To work in crypto is to work in a state of perpetually feeling behind while simultaneously being on the cutting edge.
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Your success is the result of how hard you work when no one is watching.
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Learn to explain complicated concepts in a clear and concise manner and you will rule the world.
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Music NFTs are the unlock independent artists have always dreamed of.
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DAO Landscape dropping this week on
@viamirror
🪞
Who else needs to be on here?
This is your shot to make the map.
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You need ETH to buy NFTs.
Everyone in the world wants to buy NFTs.
ETH to $10k before you know it.
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Constantly feel the need to sacrifice my personal life to excel in my professional life.
Anyone else?
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The Music NFT movement is just getting started.
Dive in - the waters fine 🌊
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Invest with time, not money.
Spend attention, not capital.
Time is the most valuable asset we all have.
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Buy NFTs not to make money, but to support creative work.
Flipping NFTs should come second to giving artists the freedom to pursue their craft.
The relationship is what's valuable, not the floor price.
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Working for a DAO is the single most high leverage use of your time.
- Future of work
- Free alpha
- Social capital
- Liquid ownership
- Squad wealth
- Governance reps
What more could you ask for?
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Web3 is a new world.
Everyone starts from square one.
It doesn’t matter how big a following you had before.
There are no shortcuts - actions speak louder than clout.
This is your opportunity to win.
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The best time to buy an NFT is now.
The best time to join a DAO is now.
The best time to register your ENS is now.
The best time to learn is now.
If you have a Metamask wallet - you are early.
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Once you get crypto it's impossible to focus on anything else.
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Every time I go to the bank I'm reminded of how obvious DeFi is.
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