Sound
Gigamesh
Edition #3
158 followers
My Journey From Music To Crypto Four years ago, I was a full-time music producer and global-traveling DJ. I had been working in music for nearly a decade, was getting millions of plays on streaming platforms, and had produced a couple songs that landed in the Billboard top 40. But despite having a career many people dream of, by 2016 I was feeling uneasy. My career had started to plateau and my attention was increasingly turning toward topics far afield from music, particularly the existential risks of technology. To understand the source of my anxiety, it’s necessary to travel back to my childhood. I grew up watching a lot of Star Trek: The Next Generation with my dad. And looking back, the techno-optimist vision of Gene Roddenberry had a big influence on how I viewed human progress. My music tastes followed a similar theme. I vividly remember hearing Daft Punk’s Around The World the first time, and how excited I was when I bought my first synthesizer. This all led to a more serious interest in futurism in college. I started reading books like Ray Kurzweil’s The Singularity Is Near, and hard science fiction from authors like Stanislaw Lem, from whom I eventually took my DJ name, Gigamesh. I released music and performed under that alias full time from 2008 onward, growing a modest global fan base. In the first two years, I achieved commercial success and started touring without a management team or agent. This was all possible thanks to the decentralized nature of pre-Spotify music discovery. I would post bootleg remixes and original songs on Soundcloud and send the links to a list of music blogs. The blogs would feed via RSS into aggregators like Hype Machine. There were very few gatekeepers so online music discovery was an organic, beautiful mess. It created a long tail of musicians like myself who wouldn’t have been able to make a living from it years earlier. Another thing working to my benefit during the early years of my music career was that social media was still in its pre-monetization infancy. During this time, it was relatively easy for motivated, talented artists to cut through the noise and find a niche audience without doing constant self-promotion. Words like “content” and “algorithm” hadn’t become fixtures of every musician’s vocabulary. By 2015, my career was cruising along at a steady clip but the road was getting bumpy. My old tools for promotion were no longer viable. Spotify had supplanted Soundcloud as the dominant music discovery platform, and Facebook’s advertising revenue model was making it increasingly more difficult to reach my fans, as their attention was now being auctioned to the highest bidder. I found this frustrating, but I wasn’t fully conscious of the impact it was having on my career until much later. Ironically, the algorithms were also turning me into a news junkie with an addiction to political content. It has taken me years to fully understand what was happening, but my optimism about humanity and technology was transforming into existential dread. The exponential technological progress I previously had religious faith in seemed to be in a doom loop with the master algorithm of unfettered capitalism. After the 2016 election, I was just as convinced technology had the potential to make humanity self-destruct as it did to create vast abundance — possibly more. This realization made it difficult for me to rationalize spending my time making dance music. It was causing instability in both the world and my life. I felt creatively unmoored, which led to spending more time consuming news, which created more anxiety and less musical output. Nevertheless, I still remained hopeful about technology’s potential for good, which is where cryptocurrency enters the story. In early 2017 I noticed Bitcoin was in the news for having reached a new all time high. I had bought some at the peak of the previous cycle but hadn’t paid any attention to it in the intervening years. Like many people, I thought the ideas behind it were interesting but only had a cursory understanding of the technology and mainly thought of it as a high-risk investment. That all changed when I learned about Ethereum. Around February of that year, a musician friend named André (RAC) and I started chatting over whatsapp about crypto. At some point, one of us mentioned Ethereum and we were both intrigued. After listening to some podcasts and an interview with Vitalik Buterin, I fell down the rabbit hole. I quickly moved my BTC to ETH, which then proceeded to go up about 10x over the rest of the year. André went even deeper, positioning himself as a leader at the intersection of music and crypto. By the end of the year, I was starting to think I was a financial genius. It was making me considerably less worried about my music career. Life was pretty good! But then four events conspired to throw my life in turmoil in less than three months: crypto entered a brutal bear market, my manager quit the industry, my touring agency was acquired and subsequently dropped me (along with many other artists), and my wife moved out. Suffice to say I quickly adopted a much more aerial perspective over my life and concluded I needed to make a big change. Despite the price crash, my conviction in cryptocurrency was unshaken. I thought I might be able to forge a path toward a career in the industry. I had always thought about learning to code, so decided to give it a shot. After going through a free intro course online, I realized coding hit a lot of the same pleasure centers in my brain as making music did, so I kept going. It was a long transition and unfortunately didn’t save my marriage, but coding did start to make me feel like I could potentially have a higher-leverage impact on the world than what my music skills afforded. After spending about 8 months learning everything I could, I found some freelance web development work. I also volunteered for an organization called RadicalxChange, which has developed a reputation for innovative solutions to the problems in tech I've been concerned about. All of this culminated in landing a full-time role at Left Field Labs, a digital agency that contracts for big tech firms like Google. While I enjoyed the esteem of contributing code for some of the biggest tech companies in the world, I also had misgivings and remained focused on getting into crypto. By the fall of last year it was clear a new bull market was taking shape, so I decided it was time to make the leap. I quit my job and soon launched a business based on an algorithmic crypto trading strategy I developed in my free time. I called it FinFren. I was able to attract subscribers with minimal promotion, however I primarily viewed it as a side-hustle and was still eager to find a position where I could level-up my skills and feel like I was contributing more directly to the industry. I started applying for jobs. A few weeks into my search, I dropped a message in the Optimism discord server asking if they needed any front end development help. Like most people invested in the Ethereum ecosystem, I knew Optimism to be one of the most ambitious and anticipated infrastructure projects. I estimated my odds of getting a job there to be pretty low, so I was very happy to get immediate independent replies from both the CEO, Jinglan Wang, and CTO, Karl Floersch. They charmed my socks off and offered me a contract gig for a minor redesign of their website. The contract went well, which eventually led to a full-time position. I had arrived! Why crypto? Cryptocurrency has helped me regain my faith in the future. Why am I so optimistic about its potential to improve the world? I could go on about this at length, but I’ll try to be brief: First, I don't believe cryptocurrency by itself will change the world significantly. What I think will have the most impact is something Ethereum has but Bitcoin doesn’t: a Turing-complete virtual machine. It enables an internet of programmable value in which users can easily gain an ownership stake in all the platforms they interact with. My preferred term used to describe all the applications built on this distributed computer is Web3, to contrast with the Web2 internet in which advertisers are the customer, and users are the product. A common metaphor for the internet is a digital global hive mind. In that framing, every computer represents a synapse, and Web3 is a way of improving the connections between all the synapses. Rather than arbitrary data passing through the network via centrally controlled, rent-seeking intermediaries, smart contracts enable anyone to attach value to their data down to 18 decimal points of precision. This all happens on a network that is massively difficult to hack or shut down. It should be noted the programmable value isn't purely financial. By managing the complex relationship between incentives, smart contracts also enable the expression of ethical values as well. All of this will enable us to design better social networks and governance systems to conquer coordination failures. In short, Web3 is a better global operating system. ****************** December 2021 edit: The text above is from a piece I wrote after joining Optimism.io back in February. I definitely recommend following what they’re up to, particularly their work on retroactive public goods funding. I find them to be one of the most inspiring group of builders in web3. I have since cofounded Sound, and this essay seemed like an appropriate way to kick off our internal test run on mainnet. Thanks for reading, and for supporting musicians! ✨
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