DAO Proposal: Loft Radio 🎧

Some things to consider about DAOifying curation:

Benefits

  • Novel, community-driven stations. Possibly the first decentralized radio?
  • No longer have to curate those channels.
  • More listener involvement w/ potential for cool incentives (e.g. you voted a song in that was popular & earn some revenue for it). Users get to promote their favorite artists.
  • Larger reach. The whole is greater than the sum of its parts, and we’d all hear more music that we otherwise wouldn’t have exposure to.

Challenges

  • Copyright. It’s a major issue we’re avoiding by sourcing original music. How do we collectively verify that tracks don’t contain copyrighted material & aren’t signed to a label?
  • Quality. How do we ensure the quality of music meets our standards? Does it even need to? Does an approved track stay on the playlist forever?
  • Identity. Who can submit music? How do we ensure people don’t pretend to be an artist?
  • Onboarding. How can we create a seamless, automated signup/submissions flow for non-crypto literate users?
  • Infrastructure. We’d need to build a system to handle all of this so it could run without us.

With all this in mind, we’re focusing our efforts elsewhere for the time being. A submissions portal + crypto onboarding experience is on our roadmap and is a great first step towards getting to a community-run playlist. We’d need to move to Audius (or another streaming solution) before implementing a truly automated process as well.