MusicCoin

MusicCoin

Unleash the power of music with blockchain technology and our decentralized web3 player.

Created on 19th March 2023

MusicCoin

MusicCoin

Unleash the power of music with blockchain technology and our decentralized web3 player.

The problem MusicCoin solves

The music industry has long been plagued by issues such as limited revenue sharing, lack of transparency, and centralized control by a few major players. Blockchain-powered, decentralized web3 music players solve these problems by providing a platform that allows for fair revenue sharing between artists and fans, greater transparency in terms of how royalties are paid out, and a more democratic approach to music distribution that empowers independent artists and listeners alike. Additionally, by using blockchain technology, these platforms offer greater security and protection for intellectual property rights, ensuring that musicians are compensated for their work and that their creations are not subject to unauthorized use or theft.

Challenges we ran into

We are new to this technology and our team has never build anything in the web3 space ..so we faced many challenges from building smart contracts to connecting with the UI and authentication with metamask, but we kept our hopes high and didn't stop building.

Tracks Applied (1)

Best use of IPFS and/or Filecoin

We have used IPFS for storing songs and images and metadata using penata from which we created the song NFTs
Filecoin

Filecoin

Discussion

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