Audiobox is a Music NFT streaming platform designed to strengthen the relationship between musicians and their superfans. The platform aims to redefine the compensation model between musicians, marketers, and superfans by providing exceptional music experiences globally. By leveraging the power of Stacks on Bitcoin, Audiobox ensures that wealth is redistributed back into the hands of musicians and the superfans who support them, creating a more equitable and rewarding ecosystem for all participants.
Overview
Website: audiobox.fun
Taglines: “Bring the fun to collecting music.”, “Discover new music, prove it on Bitcoin.”
Summary
Audiobox is a web app built on Stacks, the Bitcoin Layer 2 blockchain, combining music streaming like Spotify with TikTok-style video streaming to engage users. It offers Music NFTs that provide token-gated access to merchandise, exclusive events, live event tickets, loyalty rewards, and web3 rewards like meme coins. The app uses a subscription model and a credit system called "stars" for collecting music tracks or NFTs. Initial testing will be done with the Stacks community, followed by a referral system similar to Dropbox, to expand the user base. The app has an initial network of web3 and curious web2 artists.
Impact
Audiobox seeks to transform the music industry by leveraging NFTs on the Stacks blockchain to ensure fair compensation for musicians while providing superfans with unique rewards and exclusive content. The project targets music creators, superfans, and the broader blockchain community, creating a vibrant ecosystem where musicians can monetize their work and fans can enjoy exceptional music experiences.
Benefits for the Stacks Community:
For Musicians: Enhanced control over revenue streams, fair compensation, and new opportunities for monetization.
For Superfans: Exclusive content, unique rewards, and a stronger connection with their favorite artists.
For Developers: New use cases for Stacks and integration opportunities with other blockchain-based projects.
Key Differentiators:
NFT Integration: Unique NFT-based rewards for superfans.
Fair Compensation: Transparent and efficient royalty distribution.
User Experience: Cutting-edge UI/UX design tailored for music streaming.
Viability Summary
Given the substantial growth in the music streaming, NFT, and blockchain markets, coupled with the demonstrated revenue models of Spotify and TikTok, this app has a strong potential for success. The referral strategy and gamified user engagement further bolster its viability.
Project Timelines, Milestones, and Deliverables
Kick-off payment: 0% - $0
Milestone 1: Branding Guide
14% - $500 - August 31, 2024
Deliverables: Comprehensive branding guide
Description: Develop a detailed branding guide to establish the visual and thematic identity of Audio Box.
Target: Completion by August 31, 2024
Payment: $500
Milestone 2: Design System in Figma
34% - $1200 - September 15, 2024
Deliverables: Fully developed design system in Figma
Description: Create a design system in Figma that outlines the UI/UX standards for the platform.
Target: Completion by September 15, 2024
Payment: $1200
Milestone 3: Interactive Prototype in Figma
28% - $1000 - September 30, 2024
Deliverables: Interactive prototype in Figma
Description: Develop an interactive prototype to showcase the platform's functionality and user interface.
Target: Completion by September 30, 2024
Payment: $1000
Milestone 4: Marketing Assets and Landing Page
22% - $800 - October 30, 2024
Deliverables: Marketing assets and landing page
Description: Create marketing assets in the form of previews and a landing page to capture interest from early adopters.
Target: Completion by October 30, 2024
Payment: $800
Budget Breakdown:
$500 - Branding Guide
$1,200 - Design System in Figma
$1,000 - Interactive Prototype in Figma
$800 - Marketing Assets and Landing Page
Going Forward:
Research and Development for ISRC Integration
Deliverables: Comprehensive research on ISRC standard and MVP for the music NFT streaming platform
Description: Conduct research on ISRC codes and develop the MVP for Audio Box, integrating the ISRC system with blockchain technology.
Target: Post-October 2024
Funding Needs: Future funding will be required to support this phase.
Is / Will This Project Be Open-Sourced?
Yes, Audio Box plans to open-source all design assets and processes with a possible delay in copyright usage similar to Uniswap to ensure that the competitive advantage stays within the Stacks ecosystem at the start.
Project Approval Request for Audiobox
Project Title: Audiobox
Total Grant Amount: $3,500
Project Description:
Audiobox is a Music NFT streaming platform designed to strengthen the relationship between musicians and their superfans. The platform aims to redefine the compensation model between musicians, marketers, and superfans by providing exceptional music experiences globally. By leveraging the power of Stacks on Bitcoin, Audiobox ensures that wealth is redistributed back into the hands of musicians and the superfans who support them, creating a more equitable and rewarding ecosystem for all participants.
Overview
Website: audiobox.fun Taglines: “Bring the fun to collecting music.”, “Discover new music, prove it on Bitcoin.”
Summary
Audiobox is a web app built on Stacks, the Bitcoin Layer 2 blockchain, combining music streaming like Spotify with TikTok-style video streaming to engage users. It offers Music NFTs that provide token-gated access to merchandise, exclusive events, live event tickets, loyalty rewards, and web3 rewards like meme coins. The app uses a subscription model and a credit system called "stars" for collecting music tracks or NFTs. Initial testing will be done with the Stacks community, followed by a referral system similar to Dropbox, to expand the user base. The app has an initial network of web3 and curious web2 artists.
Impact
Audiobox seeks to transform the music industry by leveraging NFTs on the Stacks blockchain to ensure fair compensation for musicians while providing superfans with unique rewards and exclusive content. The project targets music creators, superfans, and the broader blockchain community, creating a vibrant ecosystem where musicians can monetize their work and fans can enjoy exceptional music experiences.
Benefits for the Stacks Community:
For Musicians: Enhanced control over revenue streams, fair compensation, and new opportunities for monetization. For Superfans: Exclusive content, unique rewards, and a stronger connection with their favorite artists. For Developers: New use cases for Stacks and integration opportunities with other blockchain-based projects.
Key Differentiators:
NFT Integration: Unique NFT-based rewards for superfans. Fair Compensation: Transparent and efficient royalty distribution. User Experience: Cutting-edge UI/UX design tailored for music streaming.
Viability Summary
Given the substantial growth in the music streaming, NFT, and blockchain markets, coupled with the demonstrated revenue models of Spotify and TikTok, this app has a strong potential for success. The referral strategy and gamified user engagement further bolster its viability.
Project Timelines, Milestones, and Deliverables
Kick-off payment: 0% - $0
Milestone 1: Branding Guide
Milestone 2: Design System in Figma
Milestone 3: Interactive Prototype in Figma
Milestone 4: Marketing Assets and Landing Page
Budget Breakdown:
Going Forward:
Research and Development for ISRC Integration
Is / Will This Project Be Open-Sourced?
Yes, Audio Box plans to open-source all design assets and processes with a possible delay in copyright usage similar to Uniswap to ensure that the competitive advantage stays within the Stacks ecosystem at the start.
ZeroAuthorityDAO Profile Link:
https://zeroauthority.xyz/profiles/SP10893FMF6MT49YJB3GAQV0N1ZF1476Q8HBHXZD3
Contact Information:
Email: redblocklabs@gmail.com Twitter: Rocky's Twitter Console Profile: Rocky's Console Profile