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Melomaniac

For the groupie in all of us. Collect your memories as if you were still front-seat at the show.

The problem Melomaniac solves

Digital collectibles are the new cat's pajamas, but what we predominately see from platforms like Rarible and OpenSea are collectibles in the form of art or gaming assets. But where is the music? Although you see NFTs for music, they don't gain a lot of traction because it is hard to show the collectability or rarity the same way you can for artwork. From Spotify to Soundcloud, streaming services create a market where digital music is mainly free. Musical artists make a bulk of their profits from shows and merchandise sales. When we consider the impact COVID has had on musical artists, we know they are struggling. To make matters worse, when we did have live concerts, scalpers and Stubhub were making money off of the resales of in-demand or sold out tickets, not the artists. The problem is demonstrating to the community how music can become a collectible the way a digital print or vinyl can.

Challenges we ran into

One of the biggest challenges was working with ERC721 and ERC1155 tokens. These were tokens our team did not have experience working with, and with only two members, we were extremely limited in the tech we could build. We also had to learn Solidity on the fly. We got over it by leveraging google and Dapp University tutorials.

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