FanDuel Co-Founders Debut ‘Fantasy Record Label Game’– ‘Fantasy Sports But for the Music Industry’

Vault Music, a limited-edition music platform co-founded by previous FanDuel CEO Nigel Eccles, has actually released an artist-focused video game billed as a “new take on dream football.”

Vault simply recently revealed the video game, entitled Fantasy Record Label, in an official release that was emailed to DMN. Currently survive on the Web3 organization’s app, through which artists consisting of Sid Simons Wilmah Cotobaand Telescreens have actually made jobs readily available to superfans as “restricted run NFTs,” Fantasy Record Label will see gamers contend for “weekly prize money,” according to Vault.

As its title recommends, Fantasy Record Label jobs gamers with “finalizing” the 5 acts they evaluate to have “one of the most development capacity,” which is determined by their week-to-week cumulative “modification in Spotify month-to-month listeners.”

According to Vault’s description, gamers need to own a minimum of one NFT on-platform from each artist on their dream lineup, and the top-10 lineups in a provided week (as evaluated by the total motion of all 5 artists’ Spotify regular monthly listeners) will win the aforementioned prize money.

“Think dream sports however for the music market,” elaborated Vault Music co-founder and CEO Nigel Eccles, whose business revealed a $4 million Series A in February. “I think that unlike the sports and video gaming markets, music has actually stopped working to stimulate leading fans and accept brand-new formats.

“Streaming has actually been fantastic for the music market’s bottom line, however it serves passive listeners, not diehard fans. Our objective is to bring happiness, pride, and competitors back to gathering music, and develop upside for both fans and artists at the same time,” concluded the BetDEX Labs co-founder.

Vault Music throughout its main statement message stressed “the streaming economy’s payment injustice” and particularly acknowledged Spotify’s recently validated settlement overhaulTo name a few things, the latter is set to stop taped royalties on tracks that stop working to acquire a minimum of 1,000 yearly streams.

Broadening upon the points in remarks of her own, Vault Music chief marketing officer Kara Burney drove home that Fantasy Record Label is making use of “fandom to put more cash in artists’ pockets at the time when they require it most.”

“Already we’ve seen artists make more with a single release on Vault Music than they’ve made from streaming in a year,” continued the previous Skyword chief marketing officer Burney. “That’s because in our video game, simply as with genuine record labels, up-and-coming artists have the most prospective benefit. Our gamers are incentivized to find, gather releases, and sign the next music stars to their dream label before their huge break. It’s a music economy where everyone wins.”

In other superfan-monetization news, We Are Giant previously in November presented with around $8 million in financing, after Sony Music- and Warner Music-backed Fave in October divulged a $2 million raise.