Venture Europe
Venture Europe
Oct 13, 2022
Michel D. Traore - The clear case for NFTs in the $30B music streaming market
Play • 32 min

Michel Traore - the co-founder and CEO of anotherblock, a Web3 platform democratizing music ownership through NFTs.

Anotherblock connects music rights to NFTs, and creates a smooth and easy way to both buy and sell music rights. With his cofounders, Michel plans to introduce music to a free and open market, increasing its value and solving the imbalance of power within the industry.

Before Anotherblock he spent several years at Schibsted, and in the European startup scene, building fintech products from scratch. Growing up between the pop-wonder of Sweden and Burkina Faso, where his father created its first modern label - Music has been a big part of his life. In 2021, Michel combined his fintech expertise and love of music to found Anotherblock.

During this episode, we discuss web3, NFTs, how they are fractionalizing music, and how the holders will earn royalties. Also, we discuss their latest drop coming October 20 for the song - Alone part II by Alan Walker and Eva Max - a song that has 400m streams only on Spotify today.

Without further ado, please enjoy this wonderful conversation with Michel Traore, co-founder and CEO of Anotherblock.

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