subscribeMaybe that’s web 3.0
Those were the words of my friend Jochen Doppelhammer when he showed me the website SellaBand. And in fact I find the idea just amazing.
The concept is simple, connecting creators, in this case musicians, and believers, in this case investors. You enter the website, check some interesting stuff (out of 5 bands I’ve listened to, I liked 2, not necessarily a good statistic but gets you going anyway), and if you like it, you make a contribution for the artists. However, this contribution is not a simple “yes my boy, keep the good work†action, but actually it grants you a share of the artist’s stocks. The top goal for each artist is to reach US$ 50.000, so each US$ 10 (the minimum) contribution gets you 0.02% of the contract. I checked the charts for contribution and some artists have already reached US$ 14.000, with a single believer putting US$ 810 out of his own pocket.
So, it’s about user generated content but what it’s even greater it’s about user generated investment capital. As Jochen put it “it’s P2P VCâ€.
Of course the final goal makes you wonder: do you really need that much money to record a CD, especially now with pro-am equipments and all the DIY music culture? Well, I guess the money itself it’s just a part of the buzz. Each contribution gets an exclusive CD, so that’s already 5.000 copies the artist needs to send out (plus shipping), which I would imagine is not that cheap. But anyway, you get to take part of a collaborative investment; you get a CD for your money and may even make some money in the long run, so.
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web 3.0? how exactly?
no disrespect to your friend but what makes him think this is web 3.0? from what i can see seems very corporate and built on a kind of old media/proprietary based model. i'm not sure if there's even any aspects of web 2.0 in this, let alone web 3.0! not sure what sort of person they're aiming at but i cant see it working in the uk. i wouldnt be surprised if its working in the us though (cos people are slighty more insane there!)
web 3.0 is more likely to be a web of actionable information and interoperability between systems (a la Semantic Web). sorry to say, but Jochen is living in cuckoo land if he thinks this is web 3.0
some uk money...
hey luke, did you check the believers? loads of uk people apparently believe in the thing. but from what I've seen, most of the investments come from the country of origin of the artist, which kind of makes sense.
as for the 3.0, I might agree with you that structurally it doesn't follow the steps of web 2.0, but who is to say what would be the next step? everyone was amazed by the social networking and user generated contend the 2.0 version brought, I wouldn't be surprised that the next step will be as paradigm provoking as the latter one. let's wait and see, but making people part of the business sounds interesting to me. why should youtube geeks get all the share of the 1.6 billion when what made it possible where the users constantly feeding the system and growing the network?
web 3.0
i think you'll find that web 3.0 generally refers to the semantic web. you should research this area a little bit. see: http://en.wikipedia.org/wiki/Semantic_Web: "The Semantic Web , also known loosely as Web 3, is a project that intends to create a universal medium for information exchange by putting documents with computer-processable meaning (semantics) on the World Wide Web".
yes of course anyone can have their own interpretation but when you say "web3.0" that is generally what you will be talking about.
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