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Melodyton

Melodyton

Tokenization of RWA, such as music and video blogs

Created on 15th May 2025

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Melodyton

Melodyton

Tokenization of RWA, such as music and video blogs

The problem Melodyton solves

Ignithereum Network Ltd is developing a Blockchain platform for Tokenization of Real-World assets such as music/video blogs and content monetization by creators. At present, creators and music producers are not getting paid for their content proportionate to their popularity. We propose tokenization of music and other content into NFTs and the usage of smart contracts wherein a smart contract gets executed whenever a user consumes the content. The payment is transferred from the user's wallet to the creator by the execution of this smart contract without any intermediaries.

Challenges I ran into

Acquiring test tokens was an issue.

We have implemented the tokenization part, and we would like to extend this to monetization.

Tracks Applied (2)

Mini-apps

Melodyton is a mini-app where creators can mint their music and video NFTs and make them available to their users on a p...Read More

DeFi

We are addressing the issues of frequent micro payments. In these payments, the transaction costs add up and the payment...Read More

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