Inspiration
Game theory to generate incentives for curators, users and artists to build a community around the music industry
What it does
Each song is turned into a ERC-721 token, then an artist publishes a section of a song, selects how much of the revenue he is willing to share in exchange for financing. The tokens are sold with a dutch auction model. Then the song is published to the MusiXourse platform and is shared and promoted to the users. Each user pays a flat monthly fee in Ethereum to the platform and based on the consumption of each song the artist and the token buyers are rewarded accordingly. Each song becomes a form of ICO. Additionally the platform will be able to sell merchandise and concert tickets from the artists.
How we built it
All payments and song registration will be done in the Ethereum blockchain. Smart contracts are based on the OpenZeppelin framework. Business logic and user facing interface is done in JavaScript, HTML and CSS.
Challenges we ran into
Accomplishments that we're proud of
What we learned
What's next for MusiXourse
Built With
- ethereum
- solidity
- javascript
- openzeppelin
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