OwnSound
OwnSound is a cutting-edge Web3 platform that's disrupting the music and audio content industry.
Videos
Description
š Key Features
- š Private Playlists: Fully Homomorphic Encryption (FHE) ensures your listening habits stay yours.
- š° Flexible Ownership: Buy or rent Non-Fungible Sounds (NFS) - the choice is yours!
- šØ Creator Control: Artists set their terms, prices, and royalties.
- š Secondary Market: Creators benefit from every resale and rental.
- šµļø Transparent Provenance: Clear ownership history on the blockchain.
š” How It Works
- Content Creation: Artists upload their audio content, creating Non-Fungible Sounds (NFS).
- Ownership: Users can purchase NFS outright or rent them for a fraction of the cost.
- Royalties: Smart contracts automatically distribute royalties to creators for sales and rentals.
- Private Playlists: Users create encrypted playlists, ensuring privacy even from the platform.
- Secondary Market: NFS can be traded on the built-in marketplace, with creators receiving a cut of each sale.
š Security Features
- Fully Homomorphic Encryption for playlist privacy
- Blockchain-based ownership verification
- Multi-signature wallets for high-value transactions
- Regular smart contract audits
Progress During Hackathon
Our team made significant progress during the hackathon in the following steps: Ideation: We brainstormed and finalized the concept of OwnSound, focusing on decentralized music ownership using NFS. Architecture: Designed the system architecture with AES encryption, IPFS storage, and FHE for privacy. Development: Built smart contracts on Polygon for royalty distribution and deployed the platform on EDU Chain. Testing: Integrated and tested the functionality with real musicians. Feedback: Gathered user feedback to improve UI/UX and scalability.
Team LeaderAAbhishek Yadav
Github
Github Link
https://github.com/vwakesahu/lineaSector
SocialFi
Winner Track
Winner
Linea August Dev Cook Off