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