One line describing your role and work as a Resident, e.g. "Entrepreneur-in-Residence exploring Stacking-based business models"

[MusicMoon1]

MusicMoon

josep@musicmoon.io

Personal Statement A web3 platform enabling artists to retain rights and earn royalties from their music through NFTs, while building a dedicated fan base using a DAO.

MusicMoon is an extension of LiveLoop, known as "The Looping Software for Live Music Performance." It's a web3 platform developed for artists and labels to maximize the value of their creative output. The platform integrates blockchain technology for music creation, distribution, and community engagement. The core of MusicMoon includes Non-Fungible Tokens (NFTs), utilizing the most popular chains for minting. This feature allows artists to monetize their work while retaining ownership rights. MusicMoon also encompasses two Decentralized Autonomous Organizations (DAOs). The first DAO, facilitates community engagement between artists, labels, and fans, ensuring easy access for those new to blockchain. The second DAO, focuses on platform governance. It enables stakeholders, including musicians, labels, and investors, to influence the direction and decisions of MusicMoon, fostering a democratic governance environment. Additionally, the Initial Coin Offering (ICO) for MusicMoon Coin forms the financial backbone of the ecosystem, supporting transactions, premium feature access, and community governance. This ICO is central to establishing a self-sustaining economy within the MusicMoon ecosystem.

End Product White Paper: https://bit.ly/3Ojbldm

Here's a brief overview of its five key components:

1. LiveLoop Software (www.liveloop.live): This platform enables artists and labels to craft and perform music. It's designed to be accessible to a broad user base, ranging from novices to experienced professionals, and offers versatile features for music creation.

2. NFT Marketplace: This marketplace on MusicMoon facilitates the minting, selling, and trading of music as NFTs on most popular chains. It provides artists and labels new opportunities for monetizing their music and engaging with fans.
3. Community Engagement DAO: The DAO enhances artist- audience engagement. It features social login options to simplify blockchain interaction for all users, especially those new to this space, fostering a direct connection between artists, labels, and their fans.
4. Platform Governance DAO: This DAO, offers a governance model for platform stakeholders. Musicians, labels, and investors can participate in decision- making processes, influencing the direction and policies of MusicMoon.
5. MusicMoon ICO: The Initial Coin Offering for MusicMoon Coin is vital for establishing the platform's economy. It supports internal transactions, access to premium features, and participation in community governance, thus laying the financial foundation of MusicMoon's ecosystem.

Roadmap Budget asked from the Stacks Foundation: $20,000

Detailed Milestones:

Milestone 1: Initial Setup and Smart Contract Development

• Objective: Establish the foundation for the NFT marketplace by setting up the integration with Stacks blockchain and developing the initial smart contracts using Clarity. This phase is crucial for creating a secure and transparent environment for minting and trading music NFTs.
• Activities:
  • Technical integration of MusicMoon with the Stacks blockchain, ensuring compatibility and optimal performance.
  • Development of Clarity smart contracts for the minting process of music NFTs, emphasizing security and user control over digital assets.
• Expected Timeline: 1 month
• Budget Allocation: $8,000

Milestone 2: User Interface Development and Initial Testing

• Objective: Design and implement a user-friendly interface for the NFT marketplace. This stage involves creating intuitive navigation and transaction processes for users, followed by rigorous testing to ensure functionality and security.
• Activities:
  • Designing the UI/UX for the NFT marketplace that is accessible to artists, fans, and collectors, emphasizing ease of use.
  • Developing front-end components integrated with the smart contracts developed in Milestone 1.
  • Conducting initial tests to identify and fix bugs, ensuring a seamless user experience.
• Expected Timeline: 1 month
• Budget Allocation: $6,000

Milestone 3: Marketplace Launch and Community Engagement

• Objective: Officially launch the NFT marketplace on MusicMoon with initial artist and fan engagement. This final phase focuses on rolling out the marketplace to the public, gathering feedback, and beginning community-driven development for future enhancements.
• Activities:
  • Finalizing all development and testing, making adjustments based on feedback from beta testers.
  • Launching marketing campaigns to attract artists and fans to the platform, emphasizing the unique benefits of the Stacks-based NFT marketplace.
  • Hosting virtual events or contests to celebrate the launch and encourage initial NFT creations and purchases.
• Expected Timeline: 1 month
• Budget Allocation: $6,000

Total Grant Request: $20,000

Appendix

1. Hackathon Victories: MusicMoon's innovative approach to integrating blockchain technology with music creation and distribution has been recognized in several prominent hackathons, showcasing its technical prowess and visionary solutions. These victories highlight MusicMoon's potential for disruption in the music industry and validate the effectiveness and appeal of its proposed solutions.

2. Graduation from Polkadot Blockchain Academy (PBA): MusicMoon's participation and successful graduation from PBA further attest to the team's deep understanding of blockchain technology and its applications. This experience has equipped MusicMoon with cutting-edge knowledge and skills, enabling the development of a robust, scalable platform.

3. Grants and Collaborations: MusicMoon has received grants from notable blockchain entities such as Unique Network and Moonbeam. These grants not only provide financial backing but also signify trust and support from established players in the blockchain space, reinforcing MusicMoon's potential for success.

4. Community Engagement and Partnerships: Active engagement with a growing community of artists, fans, and blockchain enthusiasts, demonstrated through social media interactions, feedback loops, and partnership announcements. This ongoing dialogue with the community ensures that MusicMoon's development is aligned with user needs and industry trends.

5. Technology and Innovation: Detailed documentation of MusicMoon's technical architecture, smart contract designs, and unique features such as the NFT marketplace, DAOs for community engagement and governance, and the upcoming ICO. These materials showcase MusicMoon's innovative solutions and commitment to leveraging blockchain technology for empowering artists and enhancing fan experiences.

These achievements and materials collectively demonstrate MusicMoon's commitment to excellence, innovation, and community engagement, making a compelling case for the support and recognition of the Stacks Foundation grant.

[will-corcoran]

Hi @MusicMoon1

Thank you very much for your application to the Residency program. After careful consideration and review, we don't feel the Residency program is the best fit for this particular thread of research at this time. However, we will be opening up a call for applications for Critical Bounties (RFP-style grants) that will include an open submission field (i.e. submit an idea of your choosing) and this could be an ideal mechanism for you to pursue this work.

Please follow our X account (https://twitter.com/StacksOrg) for updates and watch www.stacks.org/grants

Additionally, I would encourage you to explore two other programs that might be better suited for supporting your pursuits: https://www.btcstartuplab.com/ https://btcfrontier.fund/

Best, Will