Spottie WiFi on Unlocking the Potential of Independent Artists with Music NFTs (Episode 289)
Spottie WiFi joins us to discuss Unlocking the Potential of Independent Artists with Music NFTs.
Spottie WiFi is the best (+ only) CryptoPunk Rapper alive. He disrupted the music industry in August 2021 by selling 2000 NFT albums and generating 60 ETH ($192K) in revenue in under 60 seconds as an independent artist. Since then, the album has gone on to generate over 200 ETH in secondary sales and is one of the most successful and innovative music NFTs in history. Spottie received the 2021 NFT.NYC award for Best Use of NFTs in the Music Industry.
Spottie has opened for major artists including Snoop Dogg, T.I., Nas, Bun B, Marshmello, Waka Flocka, Quavo, and Flosstradamus. He’s performed at high profile events like the Bored Ape Yacht Club’s Official Sotheby’s Afterparty, Decentraland Metaverse Festival, Coinbase’s Art Basel Party hosted by Gary Vee, NFT LA, NFT Week Miami and many more.
To Connect with Spottie WiFi:
Social Media: @SpottieWiFi on All Platforms
Website: www.SpottieWiFi.com
Want more resources around this podcast? Keep up to date on the latest articles here.
The following transcript was created using artificial intelligence. There will be some grammatical errors below.
00:00:03:04 – 00:00:37:06
Richard Carthon: Hello everyone. Welcome to another episode of Crypto Currency. Your host here, Richard Carthon. And today I have a very special guest all the way in Miami that has a huge, huge, huge, huge background in this NFT music crypto space. I mean, this person was a is a crypto punk rapper that made $192,000 in 60 seconds with one drops. Snoop Dogg publicly praised this person on Twitter spaces as an inspiration for music NFT and was the winner of the inaugural award for Best Use of NFT in the music industry.
00:00:37:09 – 00:00:42:19
Richard Carthon: So without further ado, today I want to introduce to everybody Spottie WiFi . How are you doing today?
00:00:54:09 – 00:00:58:11
Spottie WiFi: I’m doing great, man. I was just saying it’s great to speak with you and asking how you’re doing.
00:00:58:28 – 00:01:32:08
Richard Carthon: Oh, man, I’m doing great. Glad to have you be a part of this interview today. And I’m excited to hear about all the things you have going on in this particular space, this very niche. And a lot of people are necessary aware of all the cool NFT music that is coming into place and all the amazing ways that Nfts are being incorporated into music. So first, I want to start with just a little bit of background on yourself, Spidey, if you can just, you know, give us a little bit on your background and how you even got into, let’s call it music first before we even get into NFT.
00:01:34:13 – 00:01:37:10
Spottie WiFi: Yeah. Cool. So I, I got into music.
00:01:39:00 – 00:01:59:13
Spottie WiFi: I first started seriously recording and taking music theory seriously about 2006 27. I was living in Chicago. I was I was still in school and I had done some freestyling and stuff like that when I was in high school, but nothing serious at all. I’m really not a freestyler, but
00:02:01:07 – 00:02:15:25
Spottie WiFi: and then later started keeping a book of rhymes, you know, a journal. I started recording in like 26, 27. I was in a group with my best friend, producer, DJ, who is still my main producer to this day.
00:02:17:12 – 00:02:48:29
Spottie WiFi: And we had we had a good run. You know, we toured, we opened for some big acts. We actually opened for Snoop, we opened for T.I., T-Pain, Nas, some other bigger artists when they would come through the Midwest. And the hard part. And I also was in bands, I also did some solo stuff later on, but the hard part was just paying the bills, man. This was during the SoundCloud era, the blog era, and got some good, good blog love, some good reviews on music.
00:02:49:01 – 00:03:21:19
Spottie WiFi: But you know, none of that really pays the bills. So by 2012, I was starting to like get a full I had taken a full time job in 2012 and I put out one solo album at the end of 2012. But then that was pretty much it. I thought music was sort of in the rearview mirror for me as a career, and from 2013 until COVID, pretty much I just worked a day job, you know, I got a day job in marketing in like digital media advertising.
00:03:21:25 – 00:03:44:27
Spottie WiFi: I got good at it and I just thought that was going to be my, my career for for good. COVID changed that. I ended up getting furloughed, getting laid off. And in January of last year, 2021, I sort of stumbled into this world of nfts by hearing about NBA top shot on Twitter. And that was really my my gateway.
00:03:45:29 – 00:04:22:29
Richard Carthon: Man. Talk about your origin story, right? So in a lot of ways, COVID disrupted life across the world and in a lot of different ways. And, you know, being furloughed obviously isn’t a great experience, but in a lot of ways it was the gateway into getting into the crypto space, learning about Nfts and kicking off in re re, bringing you back into the music industry and as, as you kind of look across and and not just that you for eight years you build up skill sets to whenever you are ready to put yourself out out on the market to market it yourself like you didn’t have to go anybody else.
00:04:23:01 – 00:04:35:15
Richard Carthon: You could do it yourself because you already had those skills. Like do you see this like as like the, you know, just opportunity for what you were but like what you felt you were ultimately being called for in the, in the music space.
00:04:37:24 – 00:05:15:09
Spottie WiFi: I do in a lot of ways, man. You know, also, when I was in school in Chicago, I was I was in law school. You know, I finished law school in 2010, and I took and passed the bar in Illinois, but that just wasn’t for me. I got out of school at at a bad time to be looking for a law job. I never really never really got a what we call like a real law job. So I just feel like I had all these, like, little failures that kind of gave me a unique perspective and and a different set of skills, you know, like, and also just my music background.
00:05:15:11 – 00:05:35:16
Spottie WiFi: If, if I had been able to manifest what I wanted for myself a decade ago, you know, I probably would have signed some terrible deal to a major label or something. And, and maybe I would have been successful by how people usually define success, but I wouldn’t be able to do what I’m doing right now, which
00:05:37:06 – 00:06:06:27
Richard Carthon: maybe a lot of people wouldn’t define it as successful because I’m a small artist, you know, I don’t have a million fans, but I feel like I’m able to do something that is innovative. And hopefully one day we’ll look back and say it was revolutionary. And to me that’s very fulfilling. And like you said, you know, the universe has sort of put me in different situations and given me different experiences to prepare me for this this crazy moment. So it’s I’m very grateful for sure.
00:06:06:29 – 00:06:38:10
Richard Carthon: And that’s a very unique background. And, you know, it’s not every day you get to meet someone who graduated from law school, passed the bar, and, oh, by the way, is like a rapper and like is out here doing the things and all the credentials that I share at the beginning. Plus, there are several others. You’re out here. You’re doing in a lot of ways what you were quantifying as success. You mean you are being successful, like to to the point of, you know, whether you went and signed a deal versus what you’re doing now. You’re in full control from the NFT that you own, from the NFT that you’re selling like that’s going directly to you.
00:06:38:12 – 00:06:52:24
Richard Carthon: And as it’s resold, everything else, how would you say the business model and how the music industry has evolved in the last decade and how it’s how you’re going about it is, you know, more ideal for what you’re doing now as opposed to what it would have been a decade ago.
00:06:55:00 – 00:06:59:11
Richard Carthon: Or a decade ago. You know, SoundCloud was was huge.
00:07:01:06 – 00:07:15:19
Spottie WiFi: I’m not exactly a historian, so don’t quote me on this. But but Spotify wasn’t what it as ubiquitous as it is today. You know I remember I didn’t even put music on Spotify at that time. Everything was SoundCloud.
00:07:17:16 – 00:07:42:08
Spottie WiFi: And, you know, when I when I first got started, you know, more like 15 years ago, we were pressing CDs. There wasn’t SoundCloud at that time. We were juke and CDs at at shows, festivals, parties, concerts, you know. So, so you’ve got the transition from like the physical CD to really all the music is on your phone.
00:07:43:23 – 00:07:59:19
Spottie WiFi: Of course, Napster. Napster made it very hard to sell. M.P. three is one thing I talk about a lot is like right now, what has changed with NFT is as an artist, as a musician. It’s very hard to sell M.P. threes. We’ve known this for many years, right?
00:08:01:07 – 00:08:34:04
Spottie WiFi: Because an MP three just lets you listen to the music. That’s all you can do with an MP three. You can listen to the music if you want. You can throw a party plate in your backyard for your friends. Right. But that’s also something you could do on with with most people’s music on Spotify or on SoundCloud or on YouTube, either for free or for very little cost, right? So that’s why it’s hard to sell these MP threes, but all of a sudden with a smart contract, I can say, you know what, I’m going to give you more than an MP three.
00:08:34:06 – 00:09:11:08
Spottie WiFi: I’m going to give you more than the ability to listen to the music. I might give you a copyright licence. This is something I do. I give my my NFT collectors a copyright license so they can put the music in their podcast or in their film or TV show, their video game, their advertisement, etc. They can even sublicense it to a third party for those purposes. I give them a vinyl record, I give them exclusive access to merchandise on my online store and my Shopify store, where you have to have the NFT to get this certain item or you have to have the NFT to get this premium pricing on this certain item.
00:09:11:21 – 00:09:42:20
Spottie WiFi: You know, at big events, you know, I’m going to New York in a couple of weeks for a big NFT conference there. We’re having I’m having one or two events where if you have my NFT, you come in and you’re VIP. You know, we have we have the ability to scan at the door, make sure you have a QR code that indicates you have my NFT. So a lot of these things you could have done before, but it would have been like disparate. It would have been I’m offering this that I’m offering now.
00:09:42:22 – 00:10:07:18
Spottie WiFi: It’s like I have 2000 NFT is out there in the universe that are my Genesis collection. Right. I have another collection as well. But that Genesis collection is sort of your all access pass, almost like when when we used to think about fan clubs, you know, it’s like the new, the new digital way to form community and get a deeper relationship with your supporters for sure.
00:10:07:20 – 00:10:44:26
Richard Carthon: And you’re the utility of the NFT is is is way more unique right where as an artist before the way that you would have to connect truly with your fans is going on tour and hoping they buy basically merch while at this and you know and going that route well well now you just like you said you can do licensing you can do all of these additional features that are way more. I have a lot more utility in today’s age and that that your fans used to diehards can now go to see you in concert and be VIP get that exclusive status and get all of these things that.
00:10:46:15 – 00:10:55:08
Richard Carthon: Bring them closer to you and have that direct path to being truly part of your community and past the point of fandom, but really more feel like part of
00:10:57:03 – 00:11:31:01
Richard Carthon: your community. And with that. First, I want to call out for everyone listening on the podcast. I really want you to go check this out on YouTube because you get to see Spotify and you get to see him legitimately with his crypto punk on his face as we’re going through this video. So it’s really cool, is really unique and I thought that was awesome. So I’ll first want to point that out. So go check out the video. But then secondly. You have a lot of things that you’re dropping right now. So you are currently dropping your album collection spotty your Genesis collection, and you’ve already dropped two of your your singles.
00:11:31:03 – 00:11:42:01
Richard Carthon: One is all time high that you did with Bun B. You just also dropped a full set. Q Tell us a little bit more about this and kind of what the vision is and how you went about creating this.
00:11:43:27 – 00:11:48:26
Richard Carthon: Yeah, man. So when we sold the debut album as an AC in August,
00:11:50:25 – 00:12:09:10
Richard Carthon: we, we didn’t realize what the impact of that would be. We sort of inadvertently became a case study for the idea that you you don’t need a million fans. You know, Spotify needs millions of users. But I made I was able to generate almost $200,000
00:12:10:25 – 00:12:15:03
Richard Carthon: with 700 supporters buying those NFT. It’s just 700 people. You know,
00:12:16:18 – 00:12:43:27
Richard Carthon: so once that happened. I told my producer, my partner, I said, or we said to each other, you know, we should now work toward crossing over toward the mainstream. Music we feel is going to be really important in helping the mainstream understand Nfts music is a great way to educate people. It’s a great way to especially rap music. I remember growing up listening to rap and my parents didn’t listen to rap, so.
00:12:45:20 – 00:13:20:16
Richard Carthon: I was sort of a guest in the hip hop culture in a sense, so I would hear something on a record and be like, What is that about the next day of school? I’m asking my friends like, You know, what’s? Or They’re rapping something, you know, I’m trying to figure out, decode the lyrics, you know. And I feel like there’s massive power for that in terms of educating people about Nfts. So the vision for this year and this album is it’s a collab album, it’s going to be full of collaborations with mainstream artists. The first single, like you said, was called All Time High, featuring Bon Jovi, who is a legend, legendary rapper out of Houston, Texas.
00:13:21:05 – 00:13:59:25
Richard Carthon: And that was an NFT collection. The next single was Full Set that was produced by the producer who’s a Grammy nominated multi-platinum producer. He’s worked with M&M, Megan Thee Stallion, Fat Joe Scott Stauch, a bunch of people. And I got some remixes there. I did a remix with a few dope artists that is coming out soon, and that’s going to be an NFT collection, and I’m going to repeat this three more times. So there’ll be three more for a total of five singles, five NFT collections, some dope collabs still coming up for the remainder of the year.
00:14:00:06 – 00:14:30:00
Richard Carthon: And if you collect one of each of these five, then we’re going to have a vinyl record and we’re going to have some other merch available. So that’s really the mission for this year is penetrating the mainstream, you know, because we didn’t expect NetEase to kind of have the trajectory that they did last year. But it seems like everybody’s heard of an NFT now, so why not, you know, why not hit them upside the head with some music from a NFT artist?
00:14:31:03 – 00:15:03:26
Richard Carthon: Oh, absolutely. And the person you have with dropping it in these different collections that you have and to the point that you made when you first dropped this collection of you don’t need a million people to to make substantial money. The fact that you were able to make 200 K with a 700 people is amazing. And it speaks to the volume, the value of having, you know, real dedicated fans that like see the value that you bring without having to truly hit the masses. The masses will come and we’ll you know, it’s a it’s a compounding effect.
00:15:04:07 – 00:15:37:03
Richard Carthon: But you first need to be able to deliver so much value to people who care that it translates into the brand, into the multitudes that you’re trying to bring with your music ultimately. And as you look across and see some of the different artists that are out there who work in the traditional lens of how music is made and how it’s produced and how it is distributed to the world. Are you starting to see some of those artists try to hit you up and be like, Hey, I see what you’re doing? I’m a big fan.
00:15:37:06 – 00:15:42:07
Richard Carthon: Like, What can I start doing to try to like participate in these types of music?
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00:15:42:09 – 00:15:42:24
Spottie WiFi: Drops
00:15:44:14 – 00:16:15:28
Spottie WiFi: Yeah, I have had that. It’s been really cool, man. I mean, it’s not always an artist reaching out directly to me. I mean, a lot of times it’s like somebody in their orbit kind of reaching out to me and connecting the dots more frequently. It’s like, not that they reach out to me directly, but that I end up in the same room as somebody because they have an interest in this and they end up at a conference like me going to New York to this conference in a couple of weeks is sort of like my Super Bowl for the year, you know, because anything can happen.
00:16:16:00 – 00:16:20:29
Spottie WiFi: You know, it’s New York and it’s probably the biggest NFT conference of the year.
00:16:22:19 – 00:16:53:17
Richard Carthon: Well, I was about to give an example, but I can’t give that example because I’ll put it this way. I had I had a I went to I was at a conference at some point earlier. I can’t I don’t want to get too specific, but I was at a conference and I ended up running into a dope artist and artist that I love that I listened to, you know, for four years. And we just and, you know, that that just led to a collaboration, you know, that led to a song that’s going to be on my album, is going to come out this summer.
00:16:55:15 – 00:17:35:03
Spottie WiFi: And so you just never know. And right now, that’s an important thing for me. I’ve ever since I sold my album, I’ve thought of myself as like a guardian of this space, because there are there are people in the traditional record industry that are money hungry. Right. And they they see the money and they want to come into the space and especially like, you know, more the middlemen side, you know, the managers having me to run things or the label side. A lot of times they want to come into this space and just be web3 middlemen, which is like exactly what we don’t need and exactly what we’re not looking for.
00:17:36:06 – 00:18:08:21
Spottie WiFi: So I try to be quick to call out something if I don’t think it’s serving the artists well, whether it’s a platform or a project or an individual. But at the same time, I want to partner with artists or entities that are looking at it seriously. Right. And, and looking to learn and looking to bring value to the community. That is the key to me. And like with Bond, for example, Bonds, certainly the best example of this because he’s the biggest artist I’ve ever put out a song with.
00:18:09:14 – 00:18:42:06
Spottie WiFi: He’s an incredible guy and a great partner of mine in this endeavor. And he had done he had done an NFT be actually done to an artist before we partnered. And he’s gone on to do great things now. You know, he’s partnered with the Bored and Hungry Restaurant, which is like the first ever NFT restaurant out in Los Angeles. You could Google it, check it out. It’s really interesting. And he’s doing other dope stuff and we’re going to link up at NFT NYC. But yeah man, I’m in a very privileged position where artists are artists.
00:18:42:08 – 00:19:02:00
Spottie WiFi: Understand some artists that have a bigger following than me understand that there are ways that we can work together. And even though I have a, you know, a microscopic platform compared to them like. I can. In some cases we can learn from each other, which is really cool.
00:19:02:24 – 00:19:33:15
Richard Carthon: Sure. I mean, there’s a lot of value in this and. When you look across how technology is evolving, we go from Web 1.0, early HTML Web sites now to Web 2.0. As you see all social media right now, even Spotify, Facebook, meta, Instagram, etc.. And as we’re going now into Web three, it’s the it’s the Wild West. It’s a lot of new and innovative opportunities that are coming in. And there’s a reason why Facebook changed its name to Meta and is going into the metaverse and is trying to go into Web three.
00:19:33:21 – 00:20:10:12
Richard Carthon: And the same way that traditional markets, whether it be in music, film, etc., while they’re starting to come into Web three and figure out how do I work with nfts and blockchain in other facets is because it’s adapt or die. And the people who are coming in early like yourself and figuring this out, you can help lay the foundation for all these artists and put them on game. And knowledge is power and not just power, but it also is value. And the more value that you can give to others, the more positions you are able to put yourself in to not just help, but also participate.
00:20:10:20 – 00:20:26:25
Richard Carthon: And a lot of these amazing opportunities. And speaking of that, you brought up NFT NYC a couple of times and I know there’s a lot of fun things on the horizon which I’m a be out there too, so hopefully we can link up at some point. But what are some of the things you’re looking for in NFT and why? See, since it’s your Super Bowl.
00:20:29:03 – 00:20:59:28
Spottie WiFi: Oh, man. Okay, so. There’s a couple of things I’m putting together for my like that. I’m kind of organizing myself. I’m working on a party for the night of Sunday, June 19th, and on June 21st. Those are still the details are getting finalized as we speak. So I got to best that’s like keeping me busy every day right now is finalizing these these two parties because it’s like two weeks away.
00:21:01:00 – 00:21:36:05
Spottie WiFi: But other than that, man, I’m just really in general looking forward to meeting more of my collectors. Last year at NSC NYC, we did a really impromptu meet up. I brought like hats and t shirts and stickers and stuff. I posted up in a bar and I got on Discord and I and I sent a message just to my token holders. Like, that’s one of the cool things you can do in discord. And it was just for people that have my NFT is I said, meet me at this, this bar from like 2 to 4. We’re going to have some drinks, get to know each other and I’m going to raffle off submerge and that was super fun, super cool.
00:21:36:17 – 00:21:49:29
Spottie WiFi: So I’m hoping to do that but on a bigger scale this year and be and perform get on stage for them do like a pretty exclusive show for them, that sort of thing. I’m also performing as some other people’s parties.
00:21:51:15 – 00:22:25:15
Spottie WiFi: The two the two shows that are other people’s parties that I’m most excited about, I can’t exactly talk about right now. Well, one of them was kind of announced. I am scheduled to open for Method Man at a very private exclusive show at Sotheby’s, which is pretty historic as far as I know. I don’t know if they’ve done a rap show before. So, you know, and I mean, I’m a big Method Man fan, the Wu-Tang fan. So that’s going to be an honor and super dope. And then, of course, you know, there’s the awards show that I’m excited about.
00:22:25:17 – 00:23:00:18
Spottie WiFi: I’m going to do a song at the award show We Want. We won the best music award last best use of NetEase for music last year. I would love to win it again, but the truth is, you know, last year with the music award I was the only artist nominated. It was me and for platforms, for music platforms, you know, and I’m always I’m always riding on the platforms, letting them know what they can be doing better to really help the artists. So that was kind of an unfair advantage because I got to tell the world like, hey, you know, we got to we got to make sure the artist wins this one.
00:23:00:20 – 00:23:40:23
Spottie WiFi: You know, this year, I’m happy to say that all of the nominees are creators, you know, music creators. So I got some tough competition, but I’m just glad to see that kind of evolution of how the award is is nominated. And I’m also nominated for the best use of digital identity, which is something I didn’t even expect or ask my supporters to nominate before. So that’s super flattering and humbling, you know, because I do think we’re doing some I do think I’m doing something innovative by using this avatar, putting a backstory and a name to my crypto punk and having sort of an alter ego.
00:23:41:00 – 00:24:17:26
Spottie WiFi: And it’s just cool to see the community sort of without me campaigning, you know, to see that I got that nomination. So that’s dope. And then I’ll say the other thing. There’s a documentary, there’s a there’s a there’s a NFT film collection or project called Metis Citizen, and they’ve produced a documentary called Not a JPEG and Not a JPEG is World premiering at a one of the bigger theaters? I forget the exact name of it in Times Square during that week, so I’m going to go to that and that’s going to be super dope.
00:24:18:16 – 00:24:49:00
Spottie WiFi: So it’s a lot, bro. And we haven’t even talked about eight Fest. You know, I’m a born ape, I’m an active member of the board games. Last year was incredible, you know, Ape Fest, the music festival where last year they had Questlove deejaying, they had Chris Rock and Jay-Z’s just out there introducing acts, you know, back opened up. They had The Strokes, which The Strokes is like my number one band that I care about these days. Like if I listen, if I’m listening to rock music is usually The Strokes nowadays and they’re a little baby headline.
00:24:49:02 – 00:25:00:15
Spottie WiFi: So it was like it was probably one of the craziest shows I’ve ever been to, like in terms of the lineup. And this year they’re doing four nights of a fest, so it’s going to be wild.
00:25:01:17 – 00:25:34:15
Richard Carthon: Oh, for sure. I mean, there’s a lot to be excited for as a, you know, for NFT, NYC, just all the different events going on. I was doing my schedule because I’m gonna be out there too in a couple of weeks and just the jam packed ness of so many amazing things that you can do during that week is going to be pretty spectacular. So it should be a good time to be able to connect with other people in the space doing amazing things. And congratulations on all your nominations. Hope you win them all. I mean, that’s amazing. It’s really cool about your different events as well, man. It’s just it’s cool. To see how much and how.
00:25:35:13 – 00:26:08:06
Richard Carthon: Different. Your life can change in the world of crypto and in web3. If you’re able to work on what you’re passionate about, figure out how to make it happen and then just have the right pieces kind of fall in place and kind of as as we kind of wrap up here, I want to finish with two fun questions and. The first one is going to be. With all the information you have right now, right. All the things you’re able to learn in the last year of like going hard at this. And if you can impart wisdom to yourself when you were first getting started as Body Wife I, what would you tell yourself?
00:26:10:24 – 00:26:14:07
Spottie WiFi: So not to sound. Not to sound
00:26:16:02 – 00:26:50:00
Spottie WiFi: egotistical or anything. A lot of the advice I’m grateful to say I did take this advice and it’s because it’s advice that I was blessed to receive from other people. Right. From. A few things. Number one, I would say don’t rush in to to come in and try to sell something. You know, the NFT space is very small. It’s a very small pond. And it’s all based on relationships. You know, you your reputation is everything. The best way you can enter the space is as a student looking to learn and listen and ask questions.
00:26:50:02 – 00:27:20:12
Spottie WiFi: You know, nobody’s going to fault you for asking questions for sure, but don’t pull up on a monday ready to sell something on a Friday. You know, take your time. You’ll have much better results if you’re building relationships and if you’re able to collect, you know, become a collector because you’re going to learn the psychology of a collector if you’re not already a collector of like physical memorabilia and things like that or collectibles, it’s really a valuable experience to be a collector.
00:27:21:12 – 00:27:42:16
Spottie WiFi: Another thing I would say is, you know, just push to innovate, try to innovate as much as you can, try to think about like, what am I going to use in NFT for that? What am I going to do that requires an NFT? You know, what am I going to do that I that I couldn’t do without an NFT? If you can answer that question, I think you’re off to a great start.
00:27:45:28 – 00:27:53:07
Spottie WiFi: The the probably the best piece of advice, though, if you are an artist, a creator, and you’re ready to sell something.
00:27:55:16 – 00:28:27:03
Spottie WiFi: To two more things. Number one is overused, is played out, but it is about community. So figure out how you can bring value to the space and to the people that love and tease before you start thinking about how you can extract value, collaborate with other artists, celebrate other artists, celebrate other collections, collect other collections that you can. And then finally, when you’re ready. If you’re thinking about putting out a collection and you’re going to have multiple additions, things like that.
00:28:28:03 – 00:29:00:08
Spottie WiFi: However many you’re thinking you want to sell, sell fewer than that. And however much you think you want to price it at prices lower than that, I swear to you, that’s the best advice I got. I got that from a really smart guy named G Money who’s another crypto punk. Last year, invaluable advice. You really want your first collectors, your first supporters, you want them to feel like they got a great price because they believed in you before anybody else did.
00:29:00:10 – 00:29:32:04
Spottie WiFi: Right. And you want over time, you want them to see that that value, that floor price is going up, it’s appreciating. And if you have something that’s highly anticipated, there will be people that try to buy your collection early just to flip it. They aren’t in it for the long haul. They don’t care about your art. They don’t care about your purpose, your mission. They want to buy something today and they want to sell it an hour later or a day later for a profit.
00:29:32:17 – 00:30:02:18
Spottie WiFi: And that’s short term, right? So you might be able to sell something at this price, right? But then a week later, some of the people you sold to, they’re seeing that the floor is down here. That’s not good for the energy and the vibe of your community. So reward those early supporters with your first price that you set and then focus on how you can continue to reward them. Honestly, for life.
00:30:02:20 – 00:30:03:29
Spottie WiFi: Men like for life.
00:30:05:11 – 00:30:37:14
Richard Carthon: Sure. And I think those are great pieces of wisdom. And for everyone listening who are in any way motivated to start your own NFT one day, or even if you have and you’re trying to just figure out what can you be doing to improve? Run that back, listen to that a couple of times and really like soak that in because you’re you’re listening to someone who’s done it, is doing it and is finding some success. And I’m sure it’s going to have a lot more into the future. But but Spotify y fine. Thank you so much for spending some time with us. What’s the final thought that you want to leave and impart to everyone that’s listening today?
00:30:40:02 – 00:30:42:29
Spottie WiFi: And I’ll say the final thought I would say is just
00:30:44:23 – 00:31:05:06
Spottie WiFi: believe in yourself. You know, I never I never envisioned this for myself, obviously, even when I was wanting to do music, what feels like a lifetime ago, a decade ago, I never knew that being a crypto punk rapper was going to be the way that I found joy and how I earn a living, you know?
00:31:07:00 – 00:31:19:13
Spottie WiFi: And I doubted myself at times, you know, I walked away from music for eight years. But when I got back to it, I had doubters, you know, of course, I had people that said, this is a gimmick, this is goofy, whatever, whatever.
00:31:21:03 – 00:31:53:15
Spottie WiFi: And you just can’t listen to that, you know, in whatever you want to do next season might not even be your thing that interests you. You might stumble across this video, but whatever you want to do, just don’t listen to anybody telling you that you can’t do it. You know, like Gary Vee was. Say, like, if you’re making plays on the field, why would you worry about what they’re saying in the stands, you know, and that that’s really I hope that in a bigger picture than NFT. I hope that that’s something that I can represent to people and help inspire people.
00:31:54:07 – 00:32:09:12
Richard Carthon: Absolutely. I know that I’m able to get that from me today just through our conversation. So I really appreciate that. That final thought. That’s why we find ways that people can connect with you. Of course, they go to Spotify. I find that I oh, you’re on a bunch of different social channels, but where are the best ways that people can connect?
00:32:10:14 – 00:32:42:06
Spottie WiFi: Man So I’m most active on Twitter and Instagram, but. If you’re ever DMing me if you’re ever emailing me and I’m slow to respond have been my discord go to go to my website you can go to Spotify Dot IO or Spotify icon. They go to the same place and you’ll find my discord link there. And if you want to talk about anything that we talked about today in more detail, if you want to ask questions, I have a whole community of people there, a lot of them on my NFT is a lot of them don’t.
00:32:42:13 – 00:32:46:13
Spottie WiFi: And these are the types of things that we love to talk about and dive into even deeper.
00:32:47:23 – 00:33:06:17
Richard Carthon: Absolutely. Well, everyone listening. I hope you’re fired up to connect with 45. Check out some of his amazing songs. You already have two singles out there you can go and listen to right now. I listened to them both before the show started. I’m a big fan of them both. So again, thank you so much for spending some time with this body wi fi. And for everyone listening, stay cryptocurrency.
Crypto Current will be guiding all of you who are new to the cryptocurrency world to becoming a cryptocurrency and blockchain expert. Crypto Current was founded to give access to information to everyone on current events occurring in cryptocurrency and blockchain in a digestible way. Since its creation, we have created content that impacted thousands of people through its podcast, blog, and social media.