Music NFTs are one of the most obscure forms of intellectual property available within the web3 space.

It is quite rare to see music tracks sold within the industry the same way digital art, videos, and metaverse real estate have gained popularity within the space.

Things are changing, however, with new marketplaces that cater solely to this art form.

Considering the benefits to the music industry, this was a given.

Mayk.it, one of the first music NFTs in the world, has gone to great lengths to create an NFT marketplace that solves problems across the music industry value chain.

We spoke with Stefan Heinrich & Akiva Bamberger, co-founders at Mayk.it is about their marketplace and what music NFTs portend for the industry and more.

Mayk.it

Mayk.it Co-Founders Stefan Heinrich Henriquez (CEO) And Akiva Bamberger (CTO)

E-Crypto News:

What is the general concept behind mayk.it?

Making songs used to be hard, so we made it simple, free & fun.

We are excited to unleash musical creativity for creative people.

Mayk is a Fun space to make songs with your phone functioning like a Virtual music studio.

Anyone can now make semi-pro photos, videos, etc with their phones, why not songs too?

E-Crypto News:

Why music NFTs?

Breaking into music industry has been hard if not impossible, web3 music space creates an Alternative path for artists to make it.

That’s why we are excited to make the web3music space more accessible and help more music creators. We are excited to start a new, big party!

mayk.it is now the spot to not only make but also mint your own music NFTs straight from your phone.

It’s an easy flow that focuses on helping creators own their creative works – which can later be sold on OpenSea, allowing the beat producer and original artist to always receive a cut of

royalties should their songs be resold on the secondary markets.

With the deployment of the MaykNFT ERC721 contract, we built the clearest method for creators to start minting + selling their songs on Web3

We are launching the first version of this contract on Polygon, and will be rolling out to more creators soon. Check out this video.

Related:How The NFT Definition of Art Impacts Its Equity Value 

E-Crypto News:

Can you tell us about mayk.it’s success so far?

Weekly, Thousands of creative people, from emerging artists to hobby singers/rappers to curious novices are making tens of thousands of songs

With more than 150,000 songs published via mayk in 6 months from launch, mayk is on the way to be not just a fun creation tool (like a simple version of Garageband) but also hosts a

unique, large catalogue of a new emerging genre “creator music” / ‘amateur music’ while helping aspiring artists to use mayk as a song marketing tool

Mayk.it songs generated tens of millions of streams on TikTok, the first artist got signed to a single record deal and more and more artists find their way into crypto with the help of some

mayk creator musicNFT collections on MagicEden & OpenSea.

 

E-Crypto News:

What are the technologies that run the mayk.it ecosystem?

Mayk.it is currently available as iOS app that helps to create songs with our audio engine technology, unique voice effects, recording & mixing audio technology

We use audio production software used by plugin developers worldwide, along with internal tools that we develop to help promote and distribute music through platforms across the internet`

We are rolling out to more creators the first version of a Polygon (MATIC) contract to move songs from the native mayk.it app into your metamask wallet to own it , and then list it on Opensea as a musicNFT.

Check out this video.

E-Crypto News:

How did your days at TikTok help shape your technology marketing experience?

During my time at YouTube I realized how unfair the music labels are compensated in comparison to the creator economy.

During my time at musical.ly I learned how underserved music artists are worldwide who try to make it by following their passion and love for music

During my team at TikTok, I realized that what we call songs in the 2020s is changing, the song format is shorter, more niche and the sound can be made more accessible

During my team at Cameo, I learned how amazing it is to help creators to monetize their super fans

Web 3 and crypto is the internet native currency that helps creators / artists to interact and transact with their fans directly and cut out middlemen.

E-Crypto News:

What’s the backstory behind the name mayk.it ?

As hobby singers, musicians and music lovers we, like so many others, were looking for ways to express ourselves and our feelings during the pandemic.

And for those of us who don’t play instruments and don’t really like the way we sound when we sing, we thought “there has to be a simpler way beyond using a karaoke mic from amazon

or singing into voice notes” to have fun singing and sound better too!

We thought simpler music making tools on the platform we all use every day – our phones – could help, and they did! 

We found that people not only loved how accessible the mayk.it app is but also they’ve found community by connecting with other people just like them.

E-Crypto News:

How has the NFT industry changed since its inception?

It’s still early days but we are seeing that being jpg NFTs, new media formats are moving into the NFT space. musicNFTs are a new format and we are excited to be part of the web3 music space & pioneers to explore what the format and its standard will look and sound like

Related: How NOT to Store NFTs

E-Crypto News:

What are the benefits for mayk.it creators?

We started seeing music creators take their songs and share them not just on TikTok or with friend but also mint them as musicNFTs.

The mayk.it creator community helped light the path, with creators encouraging and collaborating with one another, remixing each other’s works and discussing new music projects in discord. The community wanted their music to live in more places, so we made more tools to help them merchandise their songs on other platforms and to sell their songs as musicNFTs. 

E-Crypto News:

Do you think mayk.it will become a platform for music creators who didn’t get the chance to break into the music industry to get a chance to get their work appreciated?

The next big change to the music industry is happening, just like bedroom producers and streaming did before that. We see web3 and virtual spaces as the next big thing for people interested in music.

With the right, simple, fun tools provided, we can shorten the timeline from beginning to create your 1st song, to creating your 1st album in mayk, to taking your songs off platform and into the world.

Whether it be on tiktok and spotify, in games or minting your song on an NFT marketplace we want to make the entirety of the song making process accessible to every creative person no matter their background, or wherever they are.

E-Crypto News:

Do you have any plans to add to the mayk.it ecosystem (DAOs and co)? Please, can you tell us about them?

See mayk mirror litepaper , extract: 2022+:** What we’re thinking about next:

  • Cultivating a community that is excited about democratizing access to music creativity and empowering more creative roles & contributors

  • Continuing R&D on music tools including a mobile song editor enabling more remixing & sound capabilities with attribution of stems for songs & remixes

  • Enabling transactions and frictionless minting of songs from the app more natively with new partnerships

  • Building new creative experiences that blend the lines between artists & fans

  • Expand library & tools into more virtual spaces & platforms with new distribution partnerships & experiments

  • Community Involvement & ownership through progressive decentralization & tokenomics

    E-Crypto News:

How has mayk.it made provision for Gen Z?

We are excited to help more creators be success and help explore new ways to help people to make music and increase the number of artists that can sustain themselves from making music.

It’s an exciting time for a new creator space, in which music creators find alternative ways to live off their passion.

Related: NFT Development: 5 Easy to Follow Steps of Creating an NFT Marketplace

E-Crypto News:

What are the various drivers of web3 adoption?

Fun, hype, creator ownership.

E-Crypto News:

What steps have you guys at mayk.it yk taken to solve the liquidity problems currently faced by the NFT industry?

We focus on helping creators get into web3 with their music, (music creation and Ownership of their music), not requiring any financial investment.

E-Crypto News:

What steps are you guys taking to onboard the music industry?

We are excited to work with artists and people in the music space to enable collaborative, asynchronous music making with our remix feature that can bring beat producers together with vocalists, as well as artists to collab/duet on songs without needing to be in the same physical studio space.

E-Crypto News:

Are there any famous collaborations on mayk.it you want to talk about?

We are excited for T-Pain to be one of our early believers and producers on the platform to add beats.

We are also happy to have other Grammy-nominated producers add beats/music to our platform that artists can jump.

Producers from across all genres worked with made beats for Migos, Major Lazor, Blackpink, Robyn and DaddyYankee.

E-Crypto News:

How can anyone get started with mayk.it ?

You can download mayk.it from AppStore.

E-Crypto News:

What makes mayk.it different from the other guys out there(OpenSea and co)?

We focus on helping creators get into web3 with their music, (music creation and Ownership of their music), and helping them adding their music into NFT marketplaces places like OpenSea. mayk.it is  not a marketplace.

E-Crypto News:

 What are your plans for summer?

We are excited to continue on our mission to make music more accessible and help more artists find their way into web3.

E-Crypto News:

What inspired you to get into musicNFTs?

We started seeing music creators take their songs and share them not just on TikTok or with friend but also mint them as musicNFTs.

The mayk.it creator community helped light the path, with creators encouraging and collaborating with one another, remixing each other’s works and discussing new music projects in discord.

The community wanted their music to live in more places, so we made more tools to help them merchandise their songs on other platforms and to sell their songs as musicNFTs. 

E-Crypto News:

Are there any plans to include other blockchains in the future?

See mayk mirror outlook litepaper – yes we are excited to collaborate with more low-gas chains in the future.

E-Crypto News:

Where do you see mayk.it  in the next decade?

The last big sound wave & music innovations appeared in early 2000s
with desktop bedroom producers.

We are excited to help  kickstart the next wave of music through playful collaborative music creation and building a fun music publishing space & catalog.

 

About the author

Christopher is the Blockchain/DeFi Editor for E-Crypto News he also writes frequently about Crypto Gaming and Gambling. He is the author of the book "Profitable Cryptocurrency Gambling and Gaming: A Complete Guide." A content developer, Crypto-Enthusiast, and tech-savvy individual. He is also a Superstar Content Developer, Strategy Demigod, and Standup Guy.

Related Posts

E-Crypto News Executive Interviews

Crypto Scams

Cryptosoft
Cryptosoft Trading Bot Review
June 27, 2022
The Largest Crypto Scams Of 2022 (So Far)
The Largest Crypto Scams Of 2022 (So Far)
June 14, 2022
Scammers
How Do Scammers Entice Their Prey?
May 10, 2022
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Prove
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Can Running A Lightning Node Earn You Passive Income?
Can Running A Lightning Node Earn You Passive Income?
July 5, 2022
Is The Crypto Market Combating A Lehman Brothers Moment?
Is The Crypto Market Combating A Lehman Brothers Moment?
June 30, 2022
Russia
Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
GamStop
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin20,104 0.35 % 1.80 % 0.88 %
Ethereum1,138.5 0.60 % 0.88 % 0.44 %
Tether1.0000 0.11 % 0.03 % 0.04 %
USD Coin1.001 0.01 % 0.06 % 0.01 %
BNB237.42 0.14 % 3.82 % 4.58 %
Binance USD1.001 0.04 % 0.08 % 0.10 %
XRP0.3246 0.26 % 1.50 % 3.81 %
Cardano0.4566 0.55 % 0.28 % 2.90 %
Solana36.24 0.34 % 4.91 % 2.59 %
Dogecoin0.06740 0.31 % 0.45 % 2.12 %

bitcoin
Bitcoin (BTC) $ 20,148.00
ethereum
Ethereum (ETH) $ 1,139.79
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 238.15
binance-usd
Binance USD (BUSD) $ 1.00
xrp
XRP (XRP) $ 0.324377
cardano
Cardano (ADA) $ 0.458264
solana
Solana (SOL) $ 36.39
dogecoin
Dogecoin (DOGE) $ 0.06747