Figuring out what the Web3 use case looks like hasn’t always been easy, but it has allowed many founders to innovate by building products designed to tap the business opportunities of decentralization and the creative economy.
Arpeggi Labs, a new crypto startup focused on using blockchain to make music creation more collaborative, has secured $5.1 million in seed funding from Andreessen Horowitz’s crypto arm, along with artists including names like Steve Aoki, 3LAU, and Wyclef Jean.
The team’s goal is to build a music creation suite baked into an open source ethos by tapping into the blockchain, enabling creators to sample a wide variety of songs and sounds, while the platform ensures that credit always goes right back to the original creators.
Founders Evan Dhillon, Kyle Dillon and James Pasta believe the setup will encourage a new kind of “remix culture” to permeate the music industry, a TikTok-like IP that captures all creators who contribute to virality. Hacking is a task that may never require a blockchain, but Arpegi’s founders say the technology makes it easy.
“We’ve seen people in music immediately object to anything on Web 3 as a scam,” co-founder Pasta told TechCrunch.
In order to make this dream come true, in addition to developing the Arpegi protocol, building a comprehensive digital voting platform for the browser, the developers will integrate it with a wide range of Web2 and Web3 music platforms to create a blockchain-powered beat.
The free platform is not only a hub for creation, but also a utility, an opportunity that could balance blockchain incentives but also pose a serious challenge to finding a cohesive audience.
Although the company did not go down on whether they are looking to take out a platform sign on the road, the founders are mainly focused on misleading music professionals who have not aligned themselves with the Web 3 mantra, but are very happy. The idea of the industry doubles down on open source.
“Any sounds you hear are sounds you have to create,” co-founder Kyle Dhillon told TechCrunch.
