Is it time to embrace Web3 as a musician? What steps should you take if you’re interested in making a go of it as an independent artist? That’s what we’re going to be looking at in this episode of The New Music Industry Podcast. Download the PDF Transcription Podcast Highlights: 00:27 – Web3 is here 01:06 – Learning about blockchain-powered, decentralized platforms 02:13 – Discover the platforms and experiment with them 03:41 – Dig your rolodex well before you're thirsty 04:34 – Create your first NFT (if you haven't already) 05:46 – Understanding how to handle cryptocurrency, Bitcoin, Ethereum, etc. 07:01 – Episode summary 08:10 – Closing thoughts Resources Mentioned in This Episode: 016 – 5 Things I Learned From Blockchain Revolution 180 – The IMDb of the Music Industry 192 – Looking to the Future of a Blockchain-Powered Music Industry 237 – Music Streaming, Copyright & NFTs 248 – Get Your Music Distributed & Tap into More Revenue Streams 260 – The Future of Music & Multimedia Odysee BitClout Koji PDF Vault Transcription: Hey, it’s David Andrew Wiebe. Like it or not, Web3 is here. Now, nobody knows for sure how things are going to shake out with the current hype. The parallels to the dot-com bubble are practically beyond reproach, so separating hype from reality is a serious challenge. But investor Eric Siu makes a good point – it’s called Web3 for a reason. It’s happening, and it’s here to stay. It’s the next evolution of the web. Web3 is the next evolution of the web.Click To Tweet And so, we need to begin dipping our toes into the waters before jumping headlong into the unknown. But the time to get started is now. The longer you wait, the greater the chance you will miss out on incredible opportunities. Today, we’re going to be looking at five steps to Web3 success for independent musicians. Step #1 – Begin Learning What is Web3? How does it work? Why does it matter? Whether on The New Music Industry Podcast or Music Entrepreneur HQ blog, we’re no stranger to blockchain related topics: You can go all the way back to episode 16 of the podcast to listen to my review on Blockchain Revolution and pick up the book if it interests you In episode 180 of the podcast, I talked to Vasja Veber of Viberate You can have a listen to episode 192 of the podcast with Stefan Schulz of Bitfury Surround You can also listen to some discussions on NFTs with Steven Gagliano in episode 237 of the podcast, John Kohl in episode 248 of the podcast, as well as with Ori WInokur in episode 260 of the podcast The point is that what may have been taken for granted only six years ago is now manifesting at a dizzying rate. Decentralized, blockchain-based platforms are here. And there are already many creators taking advantage of them, earning a full-time living, and more. The time to start learning is now. And if possible, you want to make it part of your daily routine to read, listen, or watch on the topic, whichever medium suits you best. The time to start learning is now.Click To Tweet Step #2 – Start Experimenting Even on the podcast, I’ve made multiple invitations to come and join me on platforms like Odysee and BitClout. Odysee is like the blockchain-powered YouTube, and BitClout is like the blockchain-powered Twitter. You’ve probably heard my invitation to join Koji in recent episodes as well, which is an amazing link in bio app that even allows you to create and sell NFTs. I’ll talk more about NFTs in a moment, but what I want you to take away is that you can still be an innovator or early adopter in the technology adoption life cycle, and that can be an exciting thing. Decentralized communities are still smaller than on most social networks, but they’re very connective, and they’re obviously forward looking. These platforms also tend to value things like free speech and freedom of expression,