In this segment, Bryce Weiner talks about the similarities between the music industry and crypto. He draws parallels between hit records and popular cryptos and between music artists and crypto developers.
The brand of a cryptocurrency forms a lot of its intrinsic value, so when an artist brings their brand to a coin, they infuse it with the value of their personal brand.
Dogecoin has consistent demand and value because of the doge meme.
Not that long after Doge hashed its genesis block, another meme coin launched: Coinye West
Coinye coin was not authorized by Kanye, so he threatened to take them to court. This essentially set a precedent which helped lead to the artist token offerings like ODBcoin.
Another segment of the @MDF_365 interview w @BryceWeiner, here he talks about how Kanye West suing a #cryptocurrency developer over the #meme coin “Coinye” created a legal precedent and the path forward for @_altmarket, @fanmix, and the artist tokens like $ODB$TAO #hiphop #XTO pic.twitter.com/XtqNK9npSB
— Tao Blockchain (@taoblockchain) September 20, 2019