At VeeCon, the musician described how he sees blockchain technology and web 3.0 changing the world for the better.
Music, a key element of the web 3.0 revolution
Pharrell Williams, the American singer and songwriter best known for hits like ‘Happy’, ‘Get Lucky’ with Daft Punk and ‘Drop It Like It’s Hot’ with Snoop Dogg, thinks a major revolution is coming to upend the music industry, the financial system or even governments. Blockchain technology and Web3 decentralization will be key.
Mr. Williams participated in the VeeCon Saturday and, during an onstage interview with entrepreneur and event maker Gary Vaynerchuk, the artist described his introduction to NFTs and how he sees the underlying technology driving social progress.
Williams said he started exploring the concept of NFTs a few years ago, and was ” late “. Vaynerchuk returned a facial expression suggesting Williams’ view was inaccurate – that he was actually ahead of NFTs, given the market just took off in 2021 – which drew laughter from the audience. Indeed, few were interested in NFTs before 2021, which is mainly why the CryptoPunk collection, totally under the radar when it was released, is so popular now. The most expensive CryptoPunk record was broken in February, when an investor bought CryptoPunk #5822 for $24 million.
The musician then said: When I say I’m late, it’s because I thought about it more than I did anything about it. And thoughts are great, because thoughts are things, right? But it doesn’t really matter until you do something about it. ” Indeed, many people have waited to invest in bitcoin, or in NFTs for example, however it is impossible to ” timer ” the market. This is why we recommend for those who want to invest in DCA, it is one of the easiest methods to accumulate satoshis at your own pace.
A dangerous hype for technology
However, like any new technology, there are risks when the hype is too high and projects without fundamentals raise too much money. According to Mr. Williams, the rapid growth of the NFT market has certain disadvantages, especially for those who embark on the adventure only to earn money, without a long-term vision. ” You’re dealing with people just hanging around trying to make a quick buck “, he said. “ You call them “scammers”“. »
The artist then described a few Web3 projects he is working on, including the Gallery of Digital Assetswhich he described as ” a safe space for traditional artists who have done really well and have a place where they can transition into the digital world “. He added that other platforms are helping seasoned artists get into Web3, but it may be that ” it’s not what you want in the end “.
It is very interesting to see renowned artists engage in web 3.0. NFTs offer many uses and allow artists to self-produce, connect with their community and have quick answers when testing music. This industry is still very dominated by large groups, but as with all this will come to an end, and the blockchain is doing its job to improve the lives of artists.
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Passionate about geopolitics, economy, cryptocurrency, Eurasia and travel! (as far east as possible), crypto-trader for 4 years.