Please describe your proposed solution
There is no one that shares more of the same values than the alternative, independent, “Do it yourself (DIY)” music scene does with the Cardano community. Both have a strong sense of anti-authoriatism, decentralization, individual empowerment, social justice, community and cooperation - for the people by the people - without intermediaries. We are not here to disrupt the music industry - we are here to support the "smaller" artists, bring new transactions and continue to cherish the values.
We see independent musicians struggling:
- with financial barriers, unreliable revenue streams, and limited direct support from their fanbase due to centralized industry models - they have problems recording, touring, buying equipment, signing labels;
- with lack of meaningful engagement between DIY artists and fans where existing tools for interaction and crowdfunding are limited, failing to build long-term, sustainable relationships, despite community value grassroots support.
Our approach is conduct research and then to to create a platform with comprehensive set of tools to support musicians financially and creatively, including:
- Microfinancing options that enable artists to receive support from their fanbase, without reliance on industry gatekeepers.
- A decentralized NFT marketplace where musicians can mint and sell unique content, including albums, rehearsal recordings, live performances, and exclusive digital merchandise.
- Crowdfunding and promotional campaigns that let fans invest in their favorite artists by purchasing NFTs or tokens, giving them access to exclusive content and decision-making rights, such as voting on tour locations, venues, and setlists
Objectives for this project:
- Conduct market research to understand the needs of unrecognized and DIY musicians and artists, identifying gaps where blockchain can offer solutions.
- Consult industry professionals, legal experts and coding experts to gather insights, shaping the platform’s development for sustainability and scalability.
- Develop a detailed white paper outlining the platform’s vision, technical structure, and roadmap, to attract investors, partners, and early adopters.
We will engage both independent artists and their fans, uniting those who believe in creativity, self-empowerment, and the power of decentralized technology. This solution uniquely combines blockchain with the alternative music movement, constantly bringing new artists, fans and users to Cardano, aligned with its values of decentralization and individual empowerment. The solution is targeted towards alternative music circles, but is scalable to bigger audiences.