LUME. Creatives in Web3 Age

Web3 technologies offer fans new ways to participate in the careers of their favorite artists, not only as consumers but also as active actors and investors. In this blog, I will examine how fans can leverage the opportunities offered by Web3 to become involved in artists' decision-making, participate in the financing of works, and receive a share of the artist's earnings in return for their input. Active time of micropayments Traditional music streaming services like Spotify act as intermediaries between artists and listeners, often meaning that artists only receive a fraction of the revenue. Web3 technologies offer the opportunity to bypass these intermediaries and allow fans to pay artists directly in micropayments for each listen using smart contracts. For example, Snoop Dogg has taken his production to the TuneFM streaming service, where fans pay directly to the artist for listening. The fee is 10-100 times higher than Spotify's fees (Dalugdug 2024). In addition, the range of services is significantly wider than on a traditional streaming platform. For example, TuneFM offers fans unique benefits and experiences, such as backstage access, meetings with artists, VIP packages, merchandise products, video calls, and limited access to fan clubs and group chats with the artist, where news and behind-the-scenes content are shared. (Dalugdug 2024.) Digital ownership opens access to the artist's world Virtual communities of the new internet DAOs: (Decentralized Autonomous Organizations) are decentralized communities where members can collectively make decisions and manage shared resources. They could be compared to a group of friends who make decisions together without a designated leader, using rules that everyone has agreed on in advance. In the context of this blog, the common interest of that group is the creator of creative content. As a shared DAO for fans, they can, for example, manage a shared fan fund to raise funds for joint projects or financially support creators of creative content. Such activities can be found, for example, in The Sphere DAO, which brings together theorists, artists, and those interested in technology. The Sphere community publishes original works that have been edited into digital entities and placed in the Metagallery for further development by other artists. Fans can financially support the creators of these original works, and when a certain level of funding is reached, rewards are offered for creating new versions. Through this, many artists have found a new life with the support of the community. (https://www.thesphere.as/ ) ​Audius offers fans the opportunity to invest directly in their favorite artists by acquiring and staking tokens on the platform. This not only supports the artists’ work, but also gives fans a say in the development of the platform. The platform features major electronic music names such as Skrillex and deadmau5, who distribute their music directly to fans without traditional intermediaries. (Audius.) The right of fans to participate in decisions changes the dynamic between the fan and the content creator. For example, fans can plan and implement marketing activities to increase the artist's visibility or influence, for example, where the artist performs, what kind of fan products are released, or in which direction the content creator's style develops. By owning these tokens, fans are no longer just consumers, but become part of the artist's decision-making process (Pools 2023). Becoming a partner For example, Snoop Dogg has released an NFT-formatted mixtape that encourages fans to remix his songs. This allows fans to participate in the creative process and potentially earn revenue from their own versions while sharing a portion of the revenue with Snoop Dogg. (Gottsegen, 2023). Another example is Canadian singer Grimes, who found her singing voice widely exploited by deepfakes. Feeling powerless to combat the phenomenon, she decided to instead release a better version of the deepfake and take a share of the revenue. Grimes launched a platform called Elf.Tech, which allows fans to use her voice in their own songs. Grimes shares the revenue with the creator of the new song in half. (Ross, 2023.)​ These examples demonstrate how Web3 technology enables fans to participate in artists' creative work and financial success, shifting traditional fan culture towards a more active and inclusive direction. Investing with love, but with consideration ​Web3 technology opens up new opportunities for fans to participate in and even invest in the projects of their favorite artists. However, it is important to approach these opportunities thoughtfully and with an awareness of the potential risks.​ One significant risk is emotional investing. Fans may make investments primarily for emotional reasons without thorough consideration, which can lead to financial losses. It is important to remember that while the emotional connection to an artist is strong, investment decisions should be based on careful analysis and an understanding of the potential risks. It is also important to carefully research the background, team, and goals of each project before making an investment decision. For example, clearly defined goals, open communication, and an active community are hallmarks of a trustworthy project. It is also good to keep in mind that the NFT and cryptocurrency markets can be very volatile, and the value of investments can fluctuate greatly in a short period of time. This can significantly affect the returns and value of investments. Therefore, it is recommended to invest only in assets that you are prepared to bear the potential loss of, and to keep a long-term perspective in mind when investing (see fiksukuluttaja.fi; sijoittajablogi.fi). Taking these factors into account will help fans make more informed decisions and reduce potential risks in their Web3 investments. In any case, the new internet seems to usher in an era where fans, in addition to their role as content consumers, have the opportunity to be active members of the community, influencing, supporting, and directly connecting with their favorite artists. This shift creates new opportunities for deeper and more meaningful interactions.​ Towards a new kind of fan investor culture While Web3 brings new challenges, it also offers the opportunity for a deeper, more inclusive, and more meaningful relationship between artists and fans. With technology, fans can be more than listeners or viewers – they can be influencers, supporters, community builders, and even participants in the creative process. New times require new thinking, but also the courage to experiment. By keeping in mind the principles of openness, consideration, and community, we can build a fan culture where the love of art is not just a private experience but a shared force. Fans 3.0 don’t just follow – they also create. And therein lies the power of the new generation of fan relationships. Sources Amplify (2024). AmplifyWorld Partners with Open Format to Successfully Reward Fans and Create Meaningful Artist-fan Communities. AmplifyWorld 10.12.2024. https://amplifyyou.amplify.link/category/fan-engagement/  Audius. https://audius.co/ Luettu 10.4.2025. Dalugdug, M. (2024). Web3 and ‘superfan’ platform Tune.FM raises $20m from LDA Capital.    Music Business Worldwide 15.1.2024.  https://www.musicbusinessworldwide.com/tune-fm-raises-20m-from-lda-capital/?utm_source=chatgpt.com Fiksukuluttaja.fi (2025). Sijoittamisen riskit ja riskienhallinta: Kattava infopaketti 2025. https://fiksukuluttaja.fi/sijoittaminen/riskit/?utm_source=chatgpt.com Gottsegen, W. (2023). Snoop Dogg's NFT Mixtape Invites Remixes. Does It Authorize Them? Coin Desk 11.3.2023. https://www.coindesk.com/layer2/2022/03/02/snoop-doggs-nft-mixtape-invites-remixes-does-it-authorize-them?utm_source=chatgpt.com Pools (2023). Crafting Immersive Fan Experiences: NFTs and Fan Tokens in Practice. Medium 7.8.2023. https://medium.com/@P00LS/crafting-immersive-fan-experiences-nfts-and-fan-tokens-in-practice-8222a8aecd47 Ross, G. (2023). ​Grimes launches new software to mimic her voice, offers 50% royalties. Mixmag international news 5.5.2023. https://mixmag.net/read/grimes-software-elftech-mimic-voice-percent-royalties-news?utm_source=chatgpt.com Sijoittaja blogi . https://sijoitusblogi.fi/sanasto/kryptovaluutta-selitetty-sijoittamisen-hyodyt-ja-haitat/?utm_source=chatgpt.com The Sphere. https://www.thesphere.as/ Luettu 10.4.2025.