Lyric

Lyric

Lyric revolutionizes the music industry by uniting artists and fans through blockchain, offering decentralized fundraising, exclusive content releases, discovery, and interactive live streams

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Built at ETHIndia 2023
Lyric

Lyric

Lyric revolutionizes the music industry by uniting artists and fans through blockchain, offering decentralized fundraising, exclusive content releases, discovery, and interactive live streams

The problem Lyric solves

The music industry, dominated by a few record labels, operates on a model where artists receive 'Advances,' essentially loans repaid through royalties. Lyric revolutionizes this landscape:

1.Dedicated Campaigns: Artists fund projects directly through Lyric, sidestepping traditional advances.

2.Explore Section: Artists retain full ownership, releasing music independently, fostering a decentralized music discovery hub.

3.Exclusive Arena: Live streams connect artists intimately with fans, breaking free from centralized live show structures.

4.NFT Integration: Campaign donors receive NFTs, unlocking exclusive access to the arena, strengthening the artist-fan bond.

Lyric's model redefines industry norms, offering artists financial autonomy, fostering community engagement, and reshaping the music landscape.

Challenges we ran into

Challenges Encountered and Resolutions:

1.RPC Downtime and Rate Limit Issues (Polygon Mumbai Testnet):

  • Issue: During smart contract deployment on the Polygon Mumbai testnet, we encountered RPC downtime and rate limit challenges.
  • Resolution: Collaborating with the Polygon team, we sought assistance and transitioned to the zkEVM network for contract deployment, ensuring a more stable and reliable environment.

2.Compatibility Issues with Push Notifications and Group Chats SDK:

  • Issue: Integration challenges arose when we discovered that the push SDK was incompatible with the frontend, resulting in a time-consuming hurdle.
  • Resolution: Overcoming this obstacle required extensive troubleshooting. Through persistent efforts, we eventually devised a solution, aligning the push notifications and group chats seamlessly with the frontend.

3.Achieving Multifaceted Features within Tight Timeframes:

  • Issue: The challenge of implementing numerous features within limited hours demanded exceptional teamwork, dedication, time management, and organizational skills.
  • Resolution: Successfully overcoming this challenge was a testament to our collective efforts. By fostering effective communication, dedication, meticulous time management, and leveraging organizational skills, we achieved a remarkable feat in delivering a feature-rich project within the specified timeframe.

Tracks Applied (7)

Polygon Track

Lyric's deployment on the Polygon zkEVM Testnet, powered by MATIC tokens, not only facilitates campaign fundraising for ...Read More

Polygon

Filecoin Track

All essential Lyric data, encompassing music files, profile pictures, artist information, campaign posters, and diverse ...Read More

Filecoin

The Graph Track

Lyric leverages a polygon zkEVM subgraph on The Graph decentralized network, seamlessly aggregating Music Artist Names, ...Read More

The Graph

Alliance Track

In the dynamic landscape of the Creator Economy, NFTS, and the transformative potential within the Music Industry, Lyric...Read More

Alliance

Push Protocol Track

The platform introduces a token-gated space, empowered by the push protocol, allowing NFT holders of campaign participan...Read More

Push Protocol

Lighthouse.storage Track

All essential Lyric data, encompassing music files, profile pictures, artist information, campaign posters, and diverse ...Read More

lighthouse

Huddle01 Track

Distinguished by its web3-centric approach, Lyric pioneers a platform that seamlessly intertwines fundraising and live s...Read More

Huddle01

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