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"3MILY" Royalties Sale MVP

Grant Accepts Any Token

Last Update: 1 week, 6 days ago

MATCH ROUND 6

20 DAI

FINAL MATCH

ROUND

71 DAI
8 contributors

Description

{"ops":[{"attributes":{"italic":true,"background":"transparent","color":"#434343","bold":true},"insert":"🎵"},{"insert":"\n"},{"attributes":{"italic":true,"background":"transparent","color":"#434343","bold":true},"insert":"MVP: “3MILY”"},{"insert":"\n"},{"attributes":{"italic":true,"background":"transparent","color":"#434343","bold":true},"insert":"ROYALTY DIVIDEND SMART CONTRACT for MUSIC RELEASE"},{"insert":"\n\n"},{"attributes":{"italic":true,"background":"transparent","color":"#434343","bold":true},"insert":"tags: #media #music #ethereum #crowdsale #erc20 #dividends #OpenLabel #musicroyalties #fanbases #licensing #equitymarket #royaltytoken"},{"insert":"\n\n\n*****\n\n\n"},{"attributes":{"background":"transparent","color":"#434343","bold":true},"insert":"Abstract"},{"attributes":{"background":"transparent","color":"#434343"},"insert":":"},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"Musicians represent a process in a wider Music Production Chain."},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"They buy raw materials, in which we can include Instruments and Softwares. "},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"They out-source services from other operators (lessons, rehearsal rooms, recording studios, mastering studios, graphic designers, videomakers) in order to get out original content in digital format. "},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"Then, they pay distributors to get that finished content to streaming platforms, who then monetize again on listeners via Premium subscription and data collecting. "},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"Without independent musicians, musical instrument companies like Fender, Korg, Vox, Waves, Native Instruments and retailers like Thomann would have to provide Spotify, Apple Music & co. with nice, original, edgy, emotional and fashionable musical content, in constant flow and in large quantities. Possibly, provide an audience for it too."},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"Independent musicians deal relentlessly with such economic endeavor (averagely once a year) in order to get their content out and maximize the chances of collateral work like gigs, tours, participation to festivals (which have their own “break even” budgeting), hoping to get some sync possibilities or revenues from publishing, or simply to have attract more students, if they teach."},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"The digital format of music has thus become a capital intensive “utility” to attract other forms of work. "},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"At the same time, listeners and fans create the buzz about new acts, share their material, organize it into playlists, but their social effort is not rewarded by the streaming platforms they subscribed to."},{"insert":"\n\n\n*****\n\n\n"},{"attributes":{"background":"transparent","color":"#434343","bold":true},"insert":"Background"},{"attributes":{"background":"transparent","color":"#434343"},"insert":":"},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"The idea of creating an “open royalty” crowdsale smart contract comes from a few very basic assumptions: "},{"insert":"\n\n"},{"attributes":{"background":"transparent"},"insert":"Independent musicians should monetize on their releases or recorded music."},{"attributes":{"list":"bullet"},"insert":"\n"},{"attributes":{"background":"transparent"},"insert":"Every independent musician with a bit of career behind has a core-fanbase of people (10, 100, 1000) that follow him/her during live shows, share his/her content and from time to time provide opportunities and help with booking, logistics, videos, radio plays, any sort of stuff really."},{"attributes":{"list":"bullet"},"insert":"\n"},{"attributes":{"background":"transparent"},"insert":"These core-fans often buy the musician’s cds and merch, more in a supportive spirit than for actual use."},{"attributes":{"list":"bullet"},"insert":"\n"},{"attributes":{"background":"transparent"},"insert":"Royalties are the ultimate valuable asset a musician has a certain degree of freedom to monetize on."},{"attributes":{"list":"bullet"},"insert":"\n"},{"attributes":{"background":"transparent"},"insert":"Holding shares of a musician’s release (song or album) could be the ultimate incentive for fans to gather around him/her as contractualized participants in a “Open Label” scenario for a given song, album or catalog."},{"attributes":{"list":"bullet"},"insert":"\n"},{"attributes":{"background":"transparent"},"insert":"Authorities cannot forbid musicians to privately sell (part of) the ownership of their creativity, as far as it is certified and built on a verifiable mechanism that satisfies the sale’s agreement."},{"attributes":{"list":"bullet"},"insert":"\n"},{"attributes":{"background":"transparent"},"insert":"The combination of a PRO Rights Ownership certification, a contract’s wallet, ERC20 Crowdsale or Uniswap, a Dividend contract, IPFS CIDs and any basic html front end can easily allow that."},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"\n\n*****\n\n\n"},{"attributes":{"background":"transparent","color":"#434343","bold":true},"insert":"“3MILY” MVP: Concept, Implementation and objectives"},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"“3MILY” is the first single from my 10th album, written in a mountain retreat in Northern Italy one year ago and entirely recorded on a 4-tracks cassette TASCAM PORTASTUDIO recorder. "},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"I have decided not to put this release on Spotify and test something different instead."},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"Today the 21th of June (numerology is important to me) I have published a basic html release page featuring "},{"attributes":{"background":"transparent","color":"#434343","link":"https://www.youtube.com/watch?v=PNNn42u163U&feature=youtu.be"},"insert":"“3MILY” Videoclip"},{"attributes":{"background":"transparent","color":"#434343"},"insert":", together with documentation regarding the \"3MY\" Dividend Smart Contract."},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"1000 3MY ERC20 non-mintable tokens have been created, representing the song’s 100% royalty pool. I have started an exchange on Uniswap and deposited the 10% of the total."},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"To spice things up a little, I have added liquidity in Livepeer Tokens (LPT), making \"3MILY\"s first available batch of royalties dependant on the economy of one of the protocols I love the most."},{"insert":"\n\nIn order to tie up a little the smart contract to the actual song, I have pasted into the contract's name the IPFS CID of the Royalty agreement (it costed me some extra ether, but it was worth it):\n"},{"attributes":{"link":"https://etherscan.io/token/0xd65cb247e2387b1c817433c5e1e74166bb31774e"},"insert":"https://etherscan.io/token/0xd65cb247e2387b1c817433c5e1e74166bb31774e"},{"insert":"\n\n\n*****\n\n\n"},{"attributes":{"bold":true},"insert":"SCOPE:"},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"I am aiming at implementing a first MVP of a pay-per-exploit system, that could potentially integrate: "},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"1) Sablier protocol for temporary Licensing (synchronizations) "},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"2) Matic for pay-as-you-listen or pay-as-you-broadcast (web radios) micro-payments or "},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"3) a simple ERC721 sale paid to the EMYR contract for a life-time commercial exploitation of the song."},{"insert":"\n\n\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"*****"},{"insert":"\n\n\n"},{"attributes":{"background":"transparent","color":"#434343","bold":true},"insert":"Open Source"},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"An open source code will be available at this Github repository."},{"insert":"\n\n\n"},{"attributes":{"background":"transparent","color":"#434343","bold":true},"insert":"References"},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"Attali, J., “Noise: the political economy of Music” (1977)"},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#434343","link":"https://docs.openzeppelin.com/contracts/3.x/erc777"},"insert":"https://docs.openzeppelin.com/contracts/3.x/erc777"},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#434343","link":"https://wiki.smartz.io/documentation/dividend-token/"},"insert":"https://wiki.smartz.io/documentation/dividend-token/"},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#434343"},"insert":"\"3MILY\" Royalty Sale Agreement: "},{"attributes":{"background":"transparent","color":"#434343","link":"https://drive.google.com/file/d/1Pghh2tsZ89xzH6cz7S1HHcmFm7gA2zOr/view?usp=sharing"},"insert":"https://drive.google.com/file/d/1Pghh2tsZ89xzH6cz7S1HHcmFm7gA2zOr/view?usp=sharing"},{"attributes":{"background":"transparent","color":"#434343"},"insert":" "},{"insert":"\n\n"},{"attributes":{"color":"#434343"},"insert":"Buterin, Vitalik (2018). A Next-Generation Smart Contract and Decentralized Application Platform. Ethereum Whitepaper. "},{"attributes":{"color":"#434343","link":"https://github.com/ethereum/wiki/wiki/White-Paper"},"insert":"https://github.com/ethereum/wiki/wiki/White-Paper"},{"attributes":{"color":"#434343"},"insert":"."},{"insert":"\n\n"},{"attributes":{"color":"#434343","link":"https://github.com/trufflesuite/ganache"},"insert":"https://github.com/trufflesuite/ganache"},{"insert":"\n\n"},{"attributes":{"color":"#434343","link":"https://github.com/trufflesuite/truffle"},"insert":"https://github.com/trufflesuite/truffle"},{"insert":"\n\n"}]}

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