Patrick Moxey, the founder of Ultra Music, is determined to use web3 in his new record company, Helix Records, with the Genesis Pass NFT collection.
- On his new record company, Ultra Music founder Patrick Moxey is releasing an NFT collection.
- Hours after its debut, the NFT collection was sold out.
With his new company, Helix Records, Patrick Moxey hopes to revolutionise the music industry. The iconic music business veteran is fixated on integrating Web3 in his new endeavour after parting ways with his creation, Ultra Music.
Moxey has collaborated with many of the top musicians, including Coldplay, Jay-Z, Beyoncé, and others. The Helix Records Genesis Pass is a creator-focused NFT collection that the producer is using to launch his web3-powered music label and capitalise on his prior success.
For Artists Only
Helix Records put out their Genesis Pass NFT compilation on OpenSea on March 10, 2023. 3,333 units were made available in the NFT collection, with a floor price of 0.03 ETH, or around $42. At the time of publication, the Helix Records Genesis Pass collection had raised almost $150,000.
Owners of the Genesis Pass will have access to a host of advantages, including the chance to collaborate with Patrick Moxey and his staff, and become an essential part of the record company.
Below is a brief summary of the services provided:
- Complimentary entrance to performances by Helix Records artists as well as VIP credentials.
- NFT holders get access to a secret Discord channel where they may send their songs for evaluation by the A&R staff at Helix Records.
- A time slot may be reserved for collectors with musical skills to work in one of Helix Records’ professional studios.
- One lucky winner will get the opportunity to interact with Patrick Moxey in person and learn from the seasoned professional.
- In the music videos of their favourite Helix Records artists, select holders can make appearances.
- Move Your Body, a Marshall Jeffers original from Helix Records, is available for free NFT.
- With each new NFT release by a Helix artist, win limited edition physical vinyl.
- access to exclusive merchandise from Payday Records and Helix Records.
On the other hand
- The EDM sensation DeadMau5, who collaborated with Patrick Moxey, also runs Pixelynx, a Web3 music platform that focuses on creators.
Why It’s Important
Conventional record companies are infamous for their inflated use of middlemen and unethical compensation. The process becomes decentralised when Web3 is included, enabling fairer artist rewards and enhanced creator-label interactions. The broad knowledge of Patrick Moxey can be quite helpful in setting up the foundation for Web3-powered music companies.
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