Integrating minting music NFTs into CollabTrax could provide an innovative way for music producers to monetize their collaborations, gain ownership over their creations, and increase their exposure to a wider audience.
Still a disclaimer, rather than forcing NFTs into the project, it's important to identify the pain points experienced by musical artists, and explore how NFT technology could alleviate and address these challenges.
As the next team continues to develop CollabTrax, which addresses the pain points of music producers seeking efficient and streamlined collaboration, it is important to keep in mind other use cases related to getting musical artists found and paid.
While the focus of Phase 1 was artistic collaboration, exploring these other use cases can potentially open up new revenue streams for the platform and bring even more value to the music industry.
By building on top of the existing features, such as real-time collaboration and cloud-based file sharing, the team can continue to innovate and create a comprehensive solution for all the needs of musical artists.
While it's unfortunate that the Phase 1 team didn't have the chance to thoroughly test their assumptions and hypotheses, it's important to remember that MVP or hypothesis testing can be a valuable tool in developing and refining a product.
By conducting more testing and gathering feedback from potential users, the team can better understand the pain points and needs of their target audience, and ultimately create a more effective solution.
So let's encourage the team to prioritize MVP or hypothesis testing moving forward, and use the insights gained to inform and improve the product.