DROP

About

MODA DAO connects independent artists, labels and Web3 builders to implement NFTs, micro-licensing, DAO governance and on-chain tools (audio fingerprinting, cross-chain Audio NFT aggregator) for direct artist-to-fan distribution.

Mission

MODA DAO is an open and inclusive music-industry DAO designed to connect independent artists, industry leaders and technology innovators to define a Music3 framework for future music ownership and distribution. It offers a framework for artists to harness Web3 technologies—NFTs, micro-licensing, DAO governance and DeFi—to reduce intermediaries and enable direct artist-to-fan value creation. The newly established MODA Foundation completed a $5 million private sale of its MODA token and plans to release the governance token on November 10 via SushiSwap's MISO platform. The DAO plans to deploy its treasury across a research and innovation lab, new Music3 tools and services, and by providing over $1 million in creative and technical grants to individuals and teams over the next two years. Product development underway includes an on-chain audio fingerprinting tool and a cross-chain Audio NFT aggregator intended to let NFTs replace MP3 downloads. MODA lists launch partners across labels, management companies and Web3 startups, with partners managing catalogs that generate over 10 billion streams per month and a pilot group of artists expected to release songs under the Music3 blueprint later in the year.

Quick Facts