Project Title: Melodica: Decentralizing Music Creation, Ownership, and Community.
• Project Description • Target Audience • Potential Impact • Tech Stack • Installation and Setup
Melodica is a revolutionary SocialFi platform built on the Aptos blockchain that is set to redefine the music industry. It empowers both artists and fans by providing a decentralized ecosystem for music creation, distribution, and engagement.
Empowering Artists:
- True Ownership: Artists mint their music as NFTs (Non-Fungible Tokens) on Aptos, granting them verifiable ownership and control over their creations.
- Direct Fan Engagement: Artists connect directly with their fans through dedicated fan clubs, live streams, Q&A sessions, and behind-the-scenes content.
- Innovative Monetization: Melodica offers diverse income streams for artists:
- NFT Sales: Sell music NFTs to collectors and fans.
- Fractional Ownership: Allow fans to invest in music NFTs and share in future royalties.
- Direct Tipping: Fans can directly tip artists in Aptos coin (APT).
- On-Chain Royalties: Smart contracts ensure transparent and automatic distribution of royalties from secondary sales and streaming.
Engaging Fans:
- Authentic Connection: Melodica fosters deeper artist-fan relationships through exclusive content, virtual meet-and-greets, and community events.
- Investment Opportunities: Fans can invest in their favorite artists through fractional NFT ownership, sharing in the financial success of their music.
- Governance & Community: Participate in the creative direction of artists' work through voting rights embedded in certain NFTs.
- Unique Collectibles: Collect limited edition music NFTs with exclusive artwork and behind-the-scenes content.
Technological Foundations:
- Aptos Blockchain: Aptos's high throughput, low latency, and secure infrastructure form the backbone of Melodica, ensuring fast transactions and a reliable platform.
- Move Smart Contracts: The Move programming language, designed for safe resource management, powers the core logic of NFT creation, ownership, royalty distribution, and fan club functionality.
- IPFS/Web3.Storage: Decentralized storage ensures the permanence and availability of music files and associated metadata.
- Musicians: Independent artists, bands, producers, and music creators seeking a more equitable and transparent way to share and monetize their work.
- Music Fans: Enthusiasts who want to support their favorite artists directly, own a piece of their music, and be part of a vibrant music community.
Melodica has the potential to disrupt the traditional music industry by:
- Fair Compensation for Artists: Eliminating intermediaries and enabling artists to earn a larger share of their revenue.
- Increased Fan Engagement: Fostering deeper connections between artists and fans through unique experiences and ownership opportunities.
- Democratizing Music Creation: Opening up new avenues for funding and collaboration.
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Blockchain:
- Aptos: Layer 1 blockchain for scalability and security.
- Move: Programming language for smart contracts.
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Frontend:
- React: Frontend framework for building user interfaces.
- Material UI: Component library for UI elements and styling.
- Aptos Wallet Adapter: Enables easy integration with Aptos wallets.
- hls.js: For streaming video content.
- notistack: For displaying notifications and alerts.
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Backend:
- Node.js: Server-side JavaScript runtime environment.
- Express.js: Web framework for building APIs.
- Aptos SDK: For interacting with the Aptos blockchain.
- other libraries
Prerequisites:
- Aptos CLI: Install the Aptos CLI following the instructions on the Aptos website.
- Node.js and npm: Install Node.js and npm.
- Docker (Optional): Recommended for running a local Aptos node for development.
Steps:
- Clone the Repository:
git clone [invalid URL removed]
cd Melodica-dapp
- Launch The Melodia-dapp:
cd Melodica-dapp
cd frontend
npm install
npm run dev