Headlines

The inevitable convergence of social media, commerce, and visual content

Commerce is converging to one all-encompassing moment of truth at one place and one time, with visual content at its core. Instagram displays an ad every 3 to 4 posts and uses retargeting profusely. Each ad contains multiple visuals introducing a product you have shown interest in and leading to a shop now button. That one image or video contains the whole customer journey.

Source: The inevitable convergence of social media, commerce, and visual content. – Kaptur

Fitness Apps Tap Indie Artists Amid Unprecedented Smart-Exercise Growth

As exercisers traded their gym memberships for at-home workout solutions during the pandemic, the fitness sector experienced unprecedented growth and far-reaching changes. Perhaps the most noteworthy of these changes, however, was the industry-wide embrace of music – and the associated career opportunities for creators.

Source: Fitness Apps Tap Indie Artists Amid Unprecedented Smart-Exercise Growth

Damon Dash insists he’s entitled to sell share of Jay Z’s Reasonable Doubt as NFT, despite Roc-A-Fella lawsuit

He calls the Roc-A-Fella lawsuit “meritless” and seeks to clarify that he is not selling the entire album as an NFT, but rather a “one-third share which I own through my one-third ownership of Roc A Fella Records”. Dash argues that “there is nothing in our agreement between us that prohibits me or Jay Z from selling our share of Roc A Fella Records, Inc., the company which owns Reasonable Doubt“.

Source: Damon Dash insists he’s entitled to sell share of Jay Z’s Reasonable Doubt as NFT – despite being sued by Roc-A-Fella Records

90% of NFTs Will Be Worthless in 3 to 5 Years, Coinbase Cofounder Warns

In an interview on Bloomberg TV this week, Coinbase cofounder Fred Ehrsam drew parallels between the rise of cryptocurrencies and the dotcom boom of the 1990s. “I go so far as to say that 90% of NFTs produced, they probably will have little to no value in three to five years,” Ehrsam said. “You could say the same thing about early internet companies in the late ’90s.”

Source: 90% of NFTs Will Be Worthless in 3 to 5 Years, Coinbase Cofounder Warns

YouTube secures a big win in the EU over copyright

The European Union’s top court on Tuesday ruled that Google’s YouTube and other online platforms should not be held liable for copyright-infringing uploads in certain situations. As things stand, online platforms “do not, in principle, themselves make a communication to the public of copyright-protected content illegally posted online by users of those platforms,” the European Court of Justice said.

Source: YouTube secures a big win in the EU over copyright

Can an NFT Artist Sell Virtually the Same Work More Than Once?

Central to the NFT economy is the abstraction of artificial scarcity. Part of the core ethos of blockchain advocates is in the belief that the technology cannot be gamed or manipulated. The medium (of exchange) is the message. But as with other digital files, digital art can be copied infinitely without degradation. This inevitably shapes the market for digital goods, from software to media to art.

Source: Can an NFT Artist Sell Virtually the Same Work More Than Once?

Streaming may be everywhere, but DVDs are far from dead. 

Streaming platforms may make content accessible, but movies offered on them aren’t as high-quality as 4K Blu-Rays, though they’re catching up quickly. Bitrates refer to how much data can be processed through your TV screen: the more data, the higher quality, and vice versa.

Source: Streaming may be everywhere, but DVDs are far from dead. Here’s why collectors stock up on thousands of physical discs even as film goes digital.

Songtradr raises $50m in series D funding round

The round saw participation from Australian based institutional investors including Regal, Aware Super, Perennial, Argo and Greencape, as well as a follow-on investment from the founder and CEO of Wisetech Global, Richard White. Now, there’s talk of a potential IPO for Songtradr – perhaps even as early as the second half of this year.

Source: Songtradr raises $50m in series D funding round

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