The problem ILUM solves

Creators are scared to onboard to Web 3 because they don´t fully understand the implications of IP being onchain. They are usually blocked from onboarding while thinking their royalties will be lost or sold, not understanding what kind of a product an NFT can be, and how monetization works on decentralized systems. The complex rights graph of commercial media requires groups of shareholders and stakeholders to understand how their contributions can be structured in smart contract format. Ilum, as a multidisciplinary, collaborative, creative, memetic/musical project, will focus on multiplayer creativity on BASE, helping contributors understand how their contributions, rights and monetization can be represented onchain.

Ilum will focus on working with creatives outside the Web 3 music niche and in under-represented communities in the Pacific Coast of Colombia, especially in Cali and Buenaventura.

Challenges we ran into

The technological knowledge of various web3 tools to be able to take the project to another level was one of the obstacles we encountered, we did not have someone who could guide us better in that area, so we did not know which tools to use according to our needs. We are still exploring various alternatives, however, we now have a solid base to build a project that will lead us to our main goal, the creation of this EP.