Environmentally Friendly NFTs with Crypto.com's EVP

The New Music Business with Ari Herstand show

Summary: Joe Conyers III is the EVP and Global Head of NFTs at Crypto.com. He's also the co-founder of Songtrust, the largest admin music publisher. Songtrust is owned by Downtown Music Holdings, and when Joe was the chief strategy officer at Downtown they purchased CD Baby. He was named a digital power-player four years in a row by Billboard magazine. The real headline of this episode is that Crypto.com hosts their NFTs on a much more environmentally friendly blockchain. It is not on the Ethereum blockchain, which has a massive impact on the environment. 4:48 - Joe Conyers III being the co-founder of Songtrust and explaining what an NFT is 9:35 - How NFTs relate to music right now 10:50 - The most popular NFTs, why people are spending so much money on them, and authenticity 18:46 - Tracking resells of an NFT 21:47 - The difference between a sale and an auction 28:15 - Blockchain technology and how a transaction works 31:25 - What happens if a place you purchase an NFT goes down or gets hacked? 35:03 - Buying and reselling on different platforms 36:50 - How does Crypto.com work? 45:17 - Environmental impact of NFTs and the blockchain 55:09 - What it means to Joe to make it in the new music business Connect with Ari’s Take: Website: https://aristake.com Academy: https://aristakeacademy.com Instagram: https://www.instagram.com/aristake_/ TikTok: https://www.tiktok.com/@aris.take Twitter: https://twitter.com/ArisTake YouTube: https://www.youtube.com/user/aristake1 Facebook: https://www.facebook.com/aristake/ Connect with Ari Herstand: Website: https://ariherstand.com Instagram: https://instagram.com/ariherstand Twitter: https://twitter.com/ariherstand YouTube: https://youtube.com/ariherstand Facebook: https://facebook.com/ariherstand  <br><hr><p style="color: grey;">See <a style="color: grey;" target="_blank" rel="noopener noreferrer" href="https://acast.com/privacy">acast.com/privacy</a> for privacy and opt-out information.</p>