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It's R2vgUULNXvgOULNXVh Cherie Hu from Water and Music discusses Web3 on Consensys 2022.

Water and Music, the publication and research DAO (decentralized autonomous organization) developing the most innovative guide to music business was designed to encourage dialogue among professionals who work in the field of the field of music technology. The DAO has taken it to an additional step, and is currently in collaboration with the industry's center of thinking to create research-based initiatives, and to reward those who are actively involved.

"My primary reason for being part of this organization is to assist people comprehend their world more clearly and to also understand their own place in the global society," begins Cherie Hu as the one who invented Water and Music. Cherie is hoping to help those who are in need of the most educational experience possible to ensure they make the best impression of the industry they're working for. Her main tenets is that, particularly in the field of business report writing she has designed her content to help others. "At the end of every report, you'll have some idea of how you can perform in your particular field and how to become more effective in what you do. The gap between what the community would like and the work you do is vital," Cherie explains.

The Water and Music team has been increasing the frequency of'research sprints' lasting about 10 weeks, where they pick a specific area and then gather as much information they can in order to help their clients. Through these research sprints, after they've chosen to research an area of study then they go out to talk to those who are part of their Water and Music community: "We seek out what you believe are your most pressing problems right now? After that, we ask for members of the community to provide comments. After that, the format of our report is determined by the suggestions we receive," she tells me.

As is the norm The Water and Music research sprints are extremely collaborative and team-oriented. "It's an open-ended process for discussions and there's an extensive group of people who are helping with the review of research paper," Cherie says. We've observed that the Water and Music community has released two research papers as part of the arrangement. To keep up with trends, they have sold NFTs retroactively. So when anyone was interested in supporting their work could donate, with the proceeds to be split equally among the those who contributed. "It's clear to me that the conclusions from this study are superior to if only one person had attempted to study all the things. This study would not be finished!" she says with a smile. "It's brought me confidence in the possibilities of not only connecting people, but, most crucially, sharing knowledge of everyone."

Restoring the power

"It's more than a term used in academic circles, but I do think it's useful when it comes with Water and Music: we're part of a community," Cherie continues. "The term was coined in 1991 by cognitive anthropologist Jean Lave and educational theorist Etienne Wenger. It describes a group comprised of members that don't only share a wish to have a shared interest and enthusiasm, but often meet for discussions about ways for improving your life."

The author discusses the implications for people who work in the same field as well as those who are in similar positions across different sectors. The majority of them communicate in exchange of data. Water and Music will contribute in numerous ways other than the creation of tools for creating media to facilitate peer-to-peer education "That'll be a vital element in bridging the gaps of information within the music industry, and making everyone more open and more co-operative." Cherie adds.

There's a sense that they are taking back the control with this. Cherie is hoping to convince music industry that they hold more influence than they think: "Certainly, in the streaming market, there's a growing concentration being driven by Spotify along with other major technology companies. The royalties rate is declining, but they're likely to decrease! Artists are now able to comprehend the variety of alternatives. The goal is to equip the artists and those around them with the capability to think more freely."

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Cheire clarifies that the term "community that practices" initially meant professional group but it could also refer to communities of creativity like those which we've observed in this. For Water and Music the exact goal is to raise awareness of the field of music . This is all due to the personal motivation of. "I'm impressed by the work that I'm doing because I played the piano. I played a lot of classical music. However I am a fan of artistic forms and learning about their perspectives on the direction technology is taking," Cherie continues. "Hopefully we can ensure that any information we offer will aid team members and artists better be aware of technology, which will allow them to make cool art!"

The rabbit hole in the tunnel

The company's latest deep-dive investigation is an examination of the confusion of Web3, which is the codename for the next generation of technology that is on the internet based upon blockchain technology. "We're trying to find out what's the State of the Union for technologies-related innovations in music and specifically those that create lots of noise" she states. "Web3 is a perfect illustration since there's lots of confusion, and nobody can be sure of what's happening. This is among the most mysterious tunnels and it's moving down. It's as if "What's going on? ?'!"

The industry of music isn't surprising, but one major concern is that of fan-generated sentiment. "I consider this to be the reason that a large number musicians don't use NFTs, as they're afraid of the backlash of the crowd," she muses. "We have conducted a study to address questions about Web3. Of course, in the world of music, there is a multitude of license issues as well as IP (IP) which are connected with NFTs. This entire chapter is accessible!"

The Tlg9Yi9H8w9qUpATyR6 It was an event at the Water and Music meetup at the NFT.NYC conference.

The next report of collaboration within the community is in the process of being written. "We're investigating even more obscure topics at present, like the metaverse and its importance it has!" Cherie jokes. "We're not creating anything today. We're trying to discover the perspectives of the general public about it as well as what they find difficult to grasp." The book includes interviews with the founders of startups along with artists and other specialists in the field on their knowledge of metaverses and the goals they hope to accomplish through it, but the things that can be confusing to understand.

Cherie says that her aim is to incorporate this research through the development of web-based applications to tackle these issues. "We do this by addressing some Web3 issues that have been discovered, such as the selling of music used using NFTs, as well as royalty shares. Certain smart contracts indicate that 10% to 20 percent of the extra sales go to the person who wrote the contract. Most people see this concept as creating a profit. The reality is that many NFT's will not result in any secondary sale," Cherie explains. Cherie believes that the value lies in the relationships and connections that the NFT may be a component of instead of the likelihood of having something that can be later transferred.

In addition to the study, Water and Music will develop a dashboard for tracking which will allow users to enter their NFT collection to determine the extent of any additional transactions and, if yes, how the NFT is performing in the marketplace. "We want to build additional interactive instruments. Similar to the concept of data journalism which is interoperable, specifically for musicians as musicians are the ones that must think most about release or pricing NFT releases. We are working on the necessary structures and tools that can help users in carrying out this kind of analysis themselves."

Conflicting visions

Cherie observes that certain terms in these newer ones become more difficult and not as simple in the course of time "For the metaverse , for instance, it's very different from the way the concept of metaverse has been described previously in the past as well as the way it was conceptually defined during the 60s." Cherie describes the method she as well as her Water and Music team is creating a model for understanding the way traditional metaverse definitions are constructed, as well as what they can do to make the connection between beliefs and what is actually happening.

"The first sci-fi books, which featured references to the metaverse, offered a concept of interconnected virtual and IRL worlds. We are far from that reality today. But, at precisely the same moment there's an inclination within the music industry where artists claim "I've created my own universe" when they are actually talking about virtual real-world reality.

"There is a gap between the two versions of the metaverse" she declares. "You have to contend with Meta (Facebook's Holding Company) and Epic Games on one side Each is centralized, and one company controls all of it. There is however an idea of a Web3-based multi-layered metaverse which is compatible with identities and financial assets. It is sensible to test the blockchain technology and its role in supporting this, however it is completely contrary to Facebook's policy."

Cherie says she believes that the universe "just transformed into this ambiguous idea that anyone can use to enhance their own" and wants to clarify the confusion. This aligns perfectly with her raison d'etre: Water and Music analyzes and critically look at the subject, as well as provide useful advice for people to advise them to the best method to deal with the issue. There are practical applications available, for example providing assistance for artists and staff members in reviewing their works using specific metaverse-based platforms.

The Water and Music meetup at the NFT.NYC event.

Cherie closes her performance with a traditional style by asking for collaboration from Cherie's Water and Music community. "In the next few months, we'll start publishing interviews with musicians along with platforms and the entrepreneurs behind startups. The metaverse research project is set to continue until the middle of summer through the autumn, so if want to be involved in meta-world research get to me. If you have ideas for individuals to speak with, I'm happy to hear ideas!"

If you want to know more about our project and our organization, you can join us and be a part of our feed on Twitter. Cherie is involved in her updates via Twitter: @water andmusic. To become a member of the Water and Music community, and gain access to the community's in-depth research reports and Discord server, go to waterandmusic.com/membership.

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