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Singer Vérité’s fan-first approach to Web3, music NFTs and community building

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Carving out a sustainable career as an independent musician is no easy feat. The competition is fierce, support can be hard to find, and earning a living without the financial help of a major record label is an uphill battle. Yet, for those who are able to build a loyal fanbase, the freedom of complete creative control can be liberating.

Technology has long proven to be a potential friend to those musicians willing to embrace it, and nonfungible tokens are the latest innovation that many tech-savvy artists have begun incorporating into their careers. But NFTs remain both controversial and experimental, especially among the mainstream, and music NFTs are still relatively niche.

One artist who has cracked the code to maintaining a successful career as an independent musician is American singer Vérité, who has racked up hundreds of millions of streams without the support of a record label since releasing her first single, “Strange Enough,” in 2014. 

After finding success and touring internationally, Vérité became one of the earliest musicians to experiment with NFTs in February 2021. Since then, she has built a strong Web3 community and had several successful high-profile drops, including releasing 1/1 NFTs, selling the master rights to her music, fractionalizing song royalties on the blockchain and giving NFTs to concert attendees. She has done all this while still retaining her dedicated non-Web3 fans, many of whom have little to no interest in crypto.

How does one walk this fine line and successfully integrate Web3 into their career without alienating their existing, perhaps skeptical, fans? Magazine sits down with Vérité to find out. 

Don’t over-rely on Web3

For many musicians, Web3 is an exciting frontier filled with new possibilities for fan engagement and revenue generation. However, Vérité believes it is important that artists have diversified revenue streams and marketing strategies and don’t fall into the trap of assuming that the hype surrounding anything, especially NFTs, will last forever.

(Vérité)

Building a music career in Web3 is “a bit of a double-edged sword,” Vérité tells Magazine. While it can help bring people together, “it becomes a negative when maybe artists limit themselves to only utilizing those tools and only existing within those communities, not really having the foresight that there was a hype cycle that then broke and these paths to monetization closed.”

“My focus is ‘How do I build a career that can withstand trend cycles, that can refocus on the foundation of my career while trying to push forward to build better?’ because we recognize that a lot of these systems are extremely broken.”

Protect and respect fans

Not every fan wants to join their favorite artist on their Web3 journey, and that’s fine, according to Vérité. When she first started releasing NFTs, she heavily emphasized that she was simply experimenting with the technology. “I was very, very clear that I don’t care if you come with me on this experiment — this is an experiment for me,” she states.

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Vérité actually took it one step further, actively encouraging fans not to join her. “A lot of my communication with them was, ‘Don’t buy this. Don’t participate unless you are fully educated and willing to fully educate yourself and take on the risks.’” Even now, she still tells her fans that they should never feel pressured to participate in anything Web3-related.

“More than monetizing, it’s really protecting the people who have supported my career for the last eight years,” Vérité emphasizes.

It’s clear that not everyone is sold on the power and potential of blockchain. The bear market certainly hasn’t helped the space’s reputation either, with the collapse of crypto exchange FTX making mainstream media headlines and the prices of even blue-chip NFTs crashing 95% from their bull market peaks

“If you go on my Discord — and I do tag everyone and say, ‘What do you think about crypto and NFTs?’ — people are not jazzed. Most of them, honestly. It’s just general disinterest,” Vérité explains. But it’s not necessarily that her fans actively hate crypto. “I’m finding that people don’t have a desire to do something new because they don’t see a problem, right?”

According to the singer, “NFTs, Web3, how it’s been marketed out to the masses is also wholly unpalatable really to non-tech-native fans.” Instead, she offers the following advice: 

“I would more so recommend people to frame it as utilizing tools because it’s a weird market, and it’s hard to justify some of the scams and the negative aspects that can cause real harm to someone who isn’t knowledgeable or educated on those things.”

Offer an option, not a requirement

Instead of forcing fans to join her on-chain, Vérité instead focuses on building experiences with a Web3 element that is present but optional. She describes her approach as offering a “door” for fans to enter, one where blockchain functionalities can be unlocked to further enhance the fan experience — but where fans will still enjoy the experience regardless of whether they open the door:

“Do you need to jump the technological hurdle in order to have the experience, right? Or is it just a door? If it’s a door, you can talk about it because it’s not a burden.”

“For me, it’s really trying to consider, ‘What is the experience that we’re offering, what are the actual viable use cases of blockchain technology that we can tack on that aren’t burdensome?’” she says.

One example is “The Vérité Crewneck,” a tech-enabled sweatshirt the singer dropped in late 2022 in collaboration with IYK, a company working with brands, artists and creators to develop phygital experiences. The sweatshirt has a near-field communication, or NFC, chip embedded in the sleeve, which can be scanned to access exclusive content and unlock an NFT representing a certificate of authenticity.

The Vérité Crewneck. Source: Vérité on Mirror.xyz

Vérité explains that fans who bought the sweatshirt received “premier access to the next era of my records.” Buyers could scan the chip with their phones and get early access to music and perks such as behind-the-scenes content. “That was the main value proposition — not a Web3 activation, right?”

But the landing page also features an option to verify the garment, through which curious fans can receive their NFT.

Fans are at the center of it all

Between straight-up telling fans not to purchase her NFTs to offering them experiences where the Web3 option is an added bonus, Vérité’s fan-centric approach has undoubtedly played a significant role in her ability to push boundaries — and see success — in Web3 while still maintaining a loyal non-Web3 fanbase. Or, in her words, “My fans come first, and I don’t have fans just so that I can sell them shit all the time.”

Regarding her long-term hope for the future of blockchain and music, Vérité says her vision is that “we can demystify the black box of data that exists between artists and their fans, that is held by social platforms, ticketing companies, etc., and that blockchain actually does have the ability to make that information transparent so that artists can communicate directly to the people who support them and reward them in long-term scenarios.”

If the hype is to be believed, this dream may one day come true. But based on Vérité’s experience at the forefront of it all, it seems the only way the music-Web3 revolution will be truly successful is if fans are placed at the center of it.

Jonathan DeYoung

Jonathan DeYoung is the senior copy editor at Cointelegraph and co-host of The Agenda podcast. He is interested in how decentralized technologies can strengthen communities, and the ways blockchain can empower independent artists and creators. In his free time, Jonathan raps and produces under the name “MADic.”

Cryptocurrency

120K BTC Bought on the Dip as Bitcoin Price Hits $116K

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TL;DR

  • Around 120,000 BTC were bought during the recovery from $112K to $114K, showing buyer interest.
  • Long-term holders locked in $44 million profit during the price bounce, signaling cautious selling.
  • US liquidity growth and rate cut expectations may support altcoins if current trends continue.

Buyers Enter Near 112K

Roughly 120,000 BTC were bought as Bitcoin recovered from $112,000 to $116,000, according to Glassnode. The buying came as the market rebounded, with traders taking advantage of the lower price range.

Even with that activity, the $110,000 to $116,000 zone still shows low on-chain volume. The analytics firm labeled this area as an air gap, where fewer coins have previously changed hands. Without more buying, this zone may remain fragile if price remains stuck in it.

Whales Lock In Profits

Analyst Ali Martinez shared that long-term holders realized around $44 million in profit over two days. This move lined up with Bitcoin’s recovery to just above $114,000 after trading lower earlier in the week.

Notably, the chart shows profit levels had been inconsistent through July. The sudden increase in realized profit suggests that some holders decided to exit while the market showed short-term strength.

Long-term Bitcoin $BTC holders
Source: Ali Martinez/X

At press time, Bitcoin was holding at around $116,100 after a 1.2% move in the last 24 hours. Sellers attempted to push it lower, but buyers kept the price above key support. The currnet area continues to act as resistance.

The recent price action puts Bitcoin in a tight range. Buyers are defending the lower zone around $112,000 while trying to break through $116,000. A clear move outside this range could guide the next trend.

Market Conditions and Liquidity

Analyst ZYN noted that Bitcoin reacts to global money supply while altcoins move more with US liquidity. US money growth is now rising at 1.09% year over year, the fastest rate since the third quarter of 2024.

The Treasury is expected to issue more short-term debt. The Federal Reserve may also lower interest rates two or three times before the end of the year. These factors could support broader participation in crypto, especially in altcoins, if conditions stay on track.

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Cryptocurrency

Ripple (XRP) Price Predictions for This Week

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XRP continues to hold well at $3. Here are some interesting predictions based on various technical indicators.

Ripple (XRP) Price Predictions for this Week

Key Support levels: $3, $2.7 

Key Resistance levels: $3.6, $4

1. Price Hovers Around $3

Despite mounting pressure from sellers in early August, XRP managed to pull back up and hold above the key support at $3. As long as buyers keep the price here, they have a good chance to regain control and push this cryptocurrency higher this month.

XRPUSDT_2025-08-07_16-02-20
Chart by TradingView

2. Momentum Turns Flat

In the past two weeks, XRP has hovered just above $3 despite several attempts from bears to push it under this key level. This has turned the momentum flat with buyers and sellers battling for dominance. So far, there is no decisive winner as the price moves sideways.

XRPUSDT_2025-08-07_16-02-39
Chart by TradingView

3. Volume Drops

Without a clear trend present, the volume continues to fall which makes any breakout less likely. This can keep XRP close the the $3 level until buyers or sellers decide to push and break the stalemate. Until the volume picks up again, don’t expect any major moves.

XRPUSDT_2025-08-07_16-03-28
Chart by TradingView
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Ethereum in the Driving Seat as On-Chain RWA Tokenization Nears Peak Levels

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“When Larry Fink says all stocks, bonds, and real estate can be tokenized, believe him,” said crypto asset manager Bitwise on Wednesday.

The comment in reference to the BlackRock boss came alongside a chart showing that real-world asset (RWA) onchain value had surged to an all-time high of just under $25 billion.

More recent data from RWA.xyz reveals that it is currently at $25.46 billion, which is close to record highs.

When stablecoins are included, that figure jumps to $283 billion, which is its highest ever level.

Ethereum Dominates RWA

With stablecoins excluded, the largest segment of tokenized RWA is private credit with $15 billion onchain, followed by US treasury debt with $6.7 billion, then commodities at $1.8 billion.

Around 73% of US Treasurys are tokenized on Ethereum, which also dominates for stablecoins, as 54% of them are on the network.

Tokenized stocks are still a tiny segment of the overall RWA market, representing just 1.4% of the total onchain value.

In terms of funds, BlackRock’s Ethereum-based USD Institutional Digital Liquidity Fund (BUIDL) is the largest with $2.3 billion in assets under management.

Ethereum is the dominant blockchain for tokenized assets, with a market share of 54% while the Ethereum layer-2 network ZKsync Era is second with 18.6% so the total on Ethereum is closer to 73%.

Other chains such as Aptos, Solana, and Stellar have single-digit market shares.

Even hardcore Bitcoiners such as Fundstrat’s Tom Lee have pivoted to Ethereum recently.

“Wall Street is running to tokenize its entire system on the blockchain, and it requires smart contracts,” he said this week before adding that the “biggest and most secure blockchain with no downtime is Ethereum, and it’s legally compliant.”

Strategic ETH Reserves Top 3 Million ETH

Ethereum’s RWA dominance has spurred a wave of ETH treasury companies that have adopted strategies to stack and stake the asset.

There is now more than three million ETH in the strategic reserves, observed industry expert Anthony Sassano on Thursday. Just three treasury companies that didn’t even exist a few months ago now own over 1.6 million ETH and are aggressively buying more every day, he said before adding:

“ETH is a $100 trillion asset trading at $443 billion.”

Meanwhile, ETF expert Nate Geraci said that ETH treasury companies and spot Ether ETFs have each bought around 1.6% of the current total supply of the asset since the beginning of June.

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