Apr 29, 2022
Young M.A and the $20 NFT
Music NFTs are all the rage as of late. Entering the mix is Young M.A, who dropped a capsule on April 19. But in true Young M.A fashion, she took a different approach to her first-ever NFT project.
For one, each NFT is only $20, making it widely accessible to her diehard fanbase. That’s a departure from most artists-focused NFTs that are on the pricier side due to their limitedness. In total, Young M.A dropped five NFT collections with 250 editions in each — for a total of 1,250. Each of the five collections represents key moments in Young M.A’s career. From first going viral with her Brooklyn Chiraq freestyle to the smashing success of “OOOUUU” and other highlights.
Moreover, the capsule is exclusive to new NFT marketplace Serenade. The platform prides itself on being eco-friendly in an industry widely criticized for its energy consumption.
The NFT collection is just one way Young M.A is staying connected to her fans these days. She’s also on tour and has continued to invest in non-music products like her adult toy line. Here’s everything we covered in this episode:
[0:00] Seeing where things go
[2:45] Purpose Behind Young M.A’s NFT Drop
[9:29] Surprising Price Point For Young M.A’s NFT Capsule
[10:14] Young M.A Has Hesitations About The Drop (Honest Talk)
[12:32] Prioritizing Long-Term Impact With Business Ventures
[12:55] Young M.A’s Relationship With Fame
[15:37] How Young M.A Approaches Non-Music Business Ventures
[20:10] Partnering With Serenade For The NFT Drop
[23:22] Keeping Up With Web 3.0 & Music Industry
[28:00] Young M.A Understands Her Place In The Industry
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Host: Dan Runcie, @RuncieDan, trapital.co
Guests: Young M.A, @youngma, serenade.co/@youngma
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Transcript
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Young M.A 00:00
When it comes to business, you might not always know. You can't always say you know people. Even if you research them, no matter what the situation is, sometimes things might not work for you. You know what I mean? So you just look more to it. And you see how it goes as it goes. I mean, seeing business situations I handled in the past, some things didn't go right. Some things went right, you know, and it's just like with them. I feel good, you know? And it was like, let's go, let's see where it goes. Let's take these events and take risks.
Dan Runcie 00:31
Hey, welcome to the Trapital podcast. I'm your host and the founder of Trapital, Dan Runcie. This podcast is your place to gain insights from executives in music, media, entertainment, and more, who are taking hip hop culture to the next level. Today's guest is Young M.A. You may know her for her hits like BROOKLYN (Chiraq), OOOUUU, and plenty others that helped her go six times platinum. I knew this was going to be a good interview because, the moment that I logged on to the chat, Young M.A was already in there. And her first words were "took you long enough." And that's what I knew that we're in for a good one. Young M.A came on the Trapital podcast because she just had an NF T drop for her latest single Aye Day Pay Day. And she did it as a series of stories throughout her career. And she launched her NFTs different than most artists do. As I've written and talked about on this podcast, people have looked at NFTs as a way to monetize and make a lot of money from being able to sell high-end products as collectibles. But Young M.A is going about in a different way. She only has 250 drops for each of the five NFTs in this collection. And she's only selling them for $20. That's it. So we talked about the decision, how she's approached this, and why she made the decision that she has. And I think a lot of this ties into her mentality. As an artist, Young M.A is one of the more strong proponents of being an independent artist and what that means. And we talked about how this relates to how she looks at record labels and a lot of the deals that she's turned down. And we also talked about some of Young M.A's investments too. She's invested in a bunch of different areas. So we talked about that. We also talked about some of the other trends happening in this music industry, how she keeps up with everything, how her team is structured, and a whole lot more. Hope you enjoy it as much as I did.
Here's my chat with Young M.A. All right, today, we're joined by the one and only Young M.A, who has a big drop for us today. She is launching an NFT. And I'm excited and I want to hear more. So break it down. Why was now the time for you to make this drop happen?
Young M.A 02:45
I see. You know, I'm the same person. I don't, I don't talk all that extra “Aaah.” I keep it real. The big one since A1. You know what I mean? I honestly didn't know too much about it, you know what I mean? I used to see it every now and then. And I didn't understand what it was because I'm the type of person like, like, if it don't make sense to me at the moment of me seeing it, I'm just not going to pay attention. I don't see interest into things that everybody else see interesting, too, you know what I mean? So that was literally the case. But I didn't see it casually and then once my team brought it to my attention, it was like, oh, okay, I know what you're talking about, you know what I mean? Like, I've seen, so I'm guessing this is like the new way of things, new wave of things, or whatever. So focusing my attention, you know, just basically gave me the intellect of it, the background of it, detail and everything like that. Somehow, Okay, okay, no, still not understanding it too much. But you know, kind of intrigued into it. And they kind of like broke it down. So I was like, Yo, give me a little more like pinpoint, because like, I do want to understand this situation, because it'd be something that's going to be longevity, and something's that's gonna help, you know, long term future-wise. And it's like, one of the new way that's coming in, you know, why not, you know, at least, you know, check it out. So we talked more about it, had a meeting, and, and we came up with kind of like I did. So once they broke down the ideas to me of like, what's, like, the meaning of it. And also like, what I would do if I do it. And then it become a more of understanding that was like, Okay, now I can go, you know what I mean? It's not just like, like anything we ever did before. Like, it's not like, it's, like, we did but like more digital, you know what I mean? It's like what we did but digital, in a different sense. So I'm like, okay, I get it now. So once I got that understanding, there's like, I got more intrigued, and I was like, let's go. You know, I'm the type of person, like, I'd take risks. I don't believe in like, No, I gotta, I gotta be the see it to believe it type person, like, I got to see. You know, even if I got to take that risk. I had taken risk all my life, so now I was like, I want to take this risk of, a new risk of taking risk. Let's take this risk. So we got to to it on, whatever the case, got involved with a team or whatever. And we came to a point where it was like, alright, if I'm going to do this, you already know my vibe. Not going to do it on nobody else's terms and circumstances and shit like that. Like, I know how it moves. So me understanding that this is how it goes about, let's go into a route where it's going to make, make sense for me. That's always been my, my way of grinding since I came up. Anything that I've ever done always went in a sense of how I had to do, so on and, you know, still be independent, of course. So we came up with this, all my team came up with this plan of like just creating like a timeline of, like, when I first started. Literally from the ground up, like... I wouldn't say the ground u…