Web3 music platform Public Pressure’s first NFT project raises $2M ‘within days’ of release
Web3 music platform Public Pressure’s first official music and gaming NFT project in partnership with decentralized autonomous organization (DAO) Moonsama generated $2 million in revenue in just days since its debut.
Originally launched in 2015 as an online community and magazine, Public Pressure recently rebranded to a Web3 platform, and claims to operate “a fair and equitable” direct-to-fan strategy for creators.
For their first project, Public Pressure teamed up with Moonsama to introduce music as a game tool for the first time in the Moonsama game metaverse.
POD’s NFT collection comprised 3,333 limited edition NFTs sold for a fixed price of $600 each and featured unreleased music tracks by Merk & Kremont.
The collection sold out “within days”, according to Public Pressure, generating $1.99 million in sales.
Moonsama is an NFT ecosystem powered by blockchain technology. It has composable NFT collections, a variety of Web3 resources and NFT marketplaces.
Public Pressure said in a press release on Monday (December 5) that Moonsama is the largest community in the Polkadot blockchain ecosystem. It allows players to purchase NFTs in the platform as tools.
The company teamed up with Universal Music Group recording artists Merk & Kremont to create a series of “PODs” or NFTs containing songs that users can use on the Web3 gaming platform.
Each song by the Italian DJ duo unlocks special features in the game or “power-ups” in the Moonsama multiverse, such as immortality, speed, resources, slowing down opponents or invisibility.
Players can also equip their characters with the PODs, allowing them to play the purchased songs in the game
Public Pressure’s Web3 platform is also built on what it says is the “eco-friendly blockchain” Polkadot, the brainchild of Ethereum founder and Public Pressure investor, Gavin Wood.
The blockchain is claimed to have the lowest total power consumption and carbon emissions per year of the six proof-of-stake (POS) blockchains.
“Polkadot is the most robust, modular and secure of POS chains and merges all other blockchains into a unified network to enable the creation of smart contracts,” Public Pressure said in September.
“The plan is to attract more games to our network that leverage ecosystem assets. The Music NFT PODs are the perfect way to showcase cross-project and cross-metaverse tools. The first of its kind!”
Donnie Big Bags, Moonsama
Commenting on the alliance, Moonsama founder Donnie Big Bags said: “We already have a very strong community, in fact the largest in the Polkadot ecosystem. However, I have observed in the ‘Metaverse’ area that there are many projects that only handle 50 people at a time on the screen, which gives a kind of ghost town feel. We are building an ecosystem, not just a project and want it to feel populated.”
Bags added: “The plan is to attract more games to our network that leverage our ecosystem resources. The Music NFT PODs are the perfect way to showcase cross-project and cross-metaverse tools. The first of its kind!”
“By bridging the digital and physical worlds, we offer labels and artists a new way forward with innovative formats for their art.”
Sergio Mottola, Public Press
“By partnering with Moonsama, we’re bringing NFT music to the Moonsama Metaverse and gaming environments for the very first time. By bridging the digital and physical worlds, we offer labels and artists a new way forward with innovative formats for their art. The success of this collaboration reduction confirms our belief – that the future of music and culture consumption is on Web3, says Sergio Mottola, president of Public Pressure.
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