Fabric

A simple *gm* marks another day in web3, continuing the community tradition of daily greetings. This follows previous *gm* messages from February and December 2023, maintaining the cultural practice of acknowledging fellow community members with this minimalist greeting.

The Fabric team is launching a 4-week program called the Hypersub Accelerator to help around 5 creators establish a consistent, sustainable on-chain revenue stream. The program will provide hands-on support, including weekly Q&As with the Fabric team and creator partners, assistance from founders of key tools, and guidance on ideating, developing, launching, and promoting on-chain subscriptions. Successful applicants will have their on-chain subscriptions promoted by Coinbase Wallet, which will offer one month of free subscriptions. Applications are due by April 15th at 12PM PT.

Fabric, a blockchain-based platform, has announced a new music streaming service that delivers one song per day directly to users' wallets for just $0.02 per month. This innovative approach aims to provide an alternative to traditional music streaming platforms by leveraging blockchain technology and offering a cost-effective solution for music enthusiasts.

Fabric, a platform for on-chain crowdfunding, has introduced a new 'Frequent Flyer Program' that allows users to subscribe and receive daily airdrops of their FREQUENCIES cryptocurrency directly to their wallets. For a monthly fee of 0.02 ETH, subscribers can bypass minting links, wallet connections, and gas fees, and have FREQUENCIES tokens delivered straight to their wallets every day.

Coop Records, a team of onchain natives with music industry experience, has launched an onchain subscription called Coop Records Club. Members get a free edition of every Coop Records release, priority access to events, and additional perks based on subscription duration. The subscription aims to provide curation and music discovery onchain, with releases from artists like ODESZA, GRiZ, and Flume. It costs 0.01 ETH per month, a discount compared to minting individual songs.

Fabric, a platform for crowdfunding on-chain, has announced a new feature on Hypersub that allows NFT holders to airdrop their NFTs to active subscribers. Users can simply paste a link to their Zora NFT, and Hypersub will provide the option to airdrop it to all active subscribers. The company stated that support for more contracts is coming soon.

Patrons of Fabric with a subscription of 6 months or more have the chance to win the 'BlueGM' meme card. Additional months subscribed beyond 6 increase the chances, capped at 12 months with double the chances. Subscription costs 0.01eth per month via hypersub by Fabric with a 4% subscriber rewards pool.

With Fabric's new approach to art releases, subscribers can now get monthly edition airdrops, early access to future drops, and entry into quarterly raffles for 1/1 art by paying 0.01 eth/mo through hypersub. Subscribers also receive a percentage of earnings as rewards, with early subscribers gaining multiplier benefits.

Fabricxyz launched 'Patrons of Blue' to reach a goal mentioned in 2022. With 17 patrons and 119 months subscribed, there is still a long way to go in expanding the supporter list through memes on warpcast.

Fabric, in a recent tweet, announced a new paradigm/meta where creators receive predictable monthly recurring revenue and collectors get increased value, aiming to realign incentives for both parties. This initiative aims to move away from the traditional model of selling an NFT just once and expecting lifetime value.