What could possibly go wrong? But Andreessen Horowitz, I’m afraid, didn’t want to talk to me. Lately, they’ve been putting billions of dollars into companies that are finding new fangled ways to apply crypto technology to the internet.
The venture capital firm I’m alluding to is Andreessen Horowitz, one of the most powerful VC funds in the world. Now being something of a pariah in crypto land can be a problem, particularly when you want to speak to one of the biggest Silicon Valley investors that’s putting money into the idea. This is episode two: how the crypto community is shifting its focus away from the crypto markets - I’m sure their recent collapse is just a coincidence - and towards Web3 and how this blockchain-centred utopian vision of the internet has penetrated the very heart of Silicon Valley. And in this series, I’m asking why people still believe in crypto and why people still believe blockchain technology can change the world. This is Tech Tonic from the Financial Times, a podcast about how technology is changing the world for the better and for the worse. This is about who gets to have the power on the internet, who gets to decide how we interact online, and who gets to make all the money in this new world. The stakes here are not just about whether or not some crypto token is going up or down in value. Web3 is supposed to be the future of the internet, an internet supposedly built using the blockchain technology that underpins crypto. What’s been getting them riled up recently is what I think about the crypto world’s latest big fixation something called Web3. But lately, what’s been upsetting my critics is not my views about cryptocurrencies or libertarian economics or even NFTs. These days he’s blocked me on Twitter so we don’t come across each other very much. And then there was the time a prominent bitcoin bro wrote to my editor to complain that I was libelling him for calling him a bitcoin bro. I’ve also been heckled during crypto panels at events. Unsubscribe.” There are actually much worse ones, but they’re too rude to read out loud. “I like to keep up with news positive and negative, but Jemima Kelly is a moron. You know who you are Jemima Kelly and your bitcoin hating brethren.” That’s on Reddit.
A sample: “The worst of the worst economists from the Financial Times. There’s been a whole lot of trolling on Twitter, and that’s not to mention the comments section under some of my FT columns, because that’s what happens to people who question the value of anything crypto-related. There have been some quite unpleasant messages. Throughout my years of writing about crypto, I’ve developed quite a thick skin. So I’ll let you in on something that might disappoint some of you crypto pros out there. The deal could also come as an indication that Facebook could be leaning toward iLike/Rhapsody for integrating a music service into the site beyond the application level.This is an audio transcript of the Tech Tonic podcast: A sceptic’s guide to crypto - the ‘smart’ money
#Facebook music ilike free#
As advertising and other formerly ancillary revenue sourcesbecome more important for music copyright holders in general, unsignedartists need as many ways as they can get to participate in the upsideof the free music economy. Though these royalties may be small, they're a step in the rightdirection. "As the music industry continues to reinvent itself, we believe it'scritical to offer independent musicians equal opportunity alongsidemajor-label artists," stated iLike CEO Ali Partovi. Once their music is on Rhapsody via iLike, royalties begin to flow from Rhapsody whenever a syndicated site streams it. To join, indie artists and labels upload their music into iLike's database and select the option to distribute their musicthrough Rhapsody as well as other stores, should they wish. The majority of plays will likely come fromFacebook users embedding songs on their profile pages and possibly inplaylists. (Still, MySpace Music and Facebook's iLike application are different animals, and we're hard-pressed to imagine an indie band abandoning its MySpace page entirely just because it doesn't receive royalties.) Now that iLike – and byextension Facebook, Bebo, Orkut, MySpace, Hi5, Ticketmaster and the other social networks that have partnered with iLike – have joined Last.fm in setting up royalty programs for non-major label entities, bands could have an incentive to send their users to their band pages on Facebook insteadof their MySpace pages. Independent bands and labels have been somewhat frustrated by MySpace's professed inability to share advertising revenue with independent artists the way it doeswith the majors through their equity deal in MySpace Music.
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