Web3's Musical Revolution: NEWM co-CEO Ryan Jones on Reshaping the Industry

Colors of Web3 & Entrepreneurship

Step into the future of music in the 33rd episode of Colors of Web3 & Entrepreneurship as we host Ryan Jones, the visionary co-founder and co-CEO of Newm. From opera stages to blockchain platforms, Ryan's journey is as unique as his mission to revolutionize the music industry. In this episode, we unravel the complex chord of challenges facing today's musicians and explore how Newm is composing a new symphony with Web3 technology. Ryan offers a backstage pass to the Cardano ecosystem and shares how blockchain could be the encore the music world has been waiting for. Whether you're a melody maker, a tech enthusiast, or simply curious about the next big drop in the digital world, this episode is your all-access pass to the future of music. ⌛ Timestamps 00:00:00 Overture: Episode trailer 00:00:27 First movement: Ryan's journey from opera to tech 00:07:11 What music majors learn in universities 00:10:08 How Ryan discovered about Web3 00:11:42 Ryan's hobbies outside of work 00:12:51 The numerous career paths for a music major 00:15:16 Second movement: Building Newm: solving problems in the music industry 00:25:33 Third movement: The Cornerstone Product: Decentralized music distribution 00:30:00 Fourth movement: Why Ryan and team chose Cardano for Newm 00:34:11 Predictable transaction costs on Cardano 00:38:05 Fifth movement: Quick overview of the Newm platform 00:41:32 Uploading and minting music on Newm 00:53:34 Example of selling stream tokens for future royalties 01:01:21 Which platforms does Newm distribute to 01:01:58 The economics of streaming for musicians/artists 01:06:48 The team behind Newm 01:08:59 Sixth movement: Business model and revenue sources 01:11:10 Main challenges or hurdles facing Newm 01:19:19 Funding and future plans 01:20:35 The future intersection of music and Web3 01:24:10 Endgame for Newm 01:26:55 The multi-chain world of Web3 - a symphony of blockchains 01:32:34 Advice for starting a Web3 company 01:36:22 Where to follow Ryan and Newm 01:37:51 Finale: Closing thoughts and next episode's preview Follow Ryan and his company: His company website: https://newm.io/ His Twitter: https://x.com/RyanJones_NEWM His project's Twitter: https://x.com/projectNEWM My social media: Twitter/X: ⁠https://www.twitter.com/LamWeb3⁠ LinkedIn: ⁠https://www.linkedin.com/in/lamweb3/⁠ Website: ⁠https://lamtrinh.xyz⁠ My latest article: https://lamweb3.substack.com/p/the-importance-of-decentralized-science If you enjoy this episode, please subscribe to stay updated on our upcoming episodes with industry experts and innovators in the Web3 and Entrepreneurship spaces. Thank you for listening!