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OwnSound

OwnSound is a cutting-edge Web3 platform that's disrupting the music and audio content industry.

Videos

Description

šŸŒŸ Key Features

  • šŸ”’ Private Playlists: Fully Homomorphic Encryption (FHE) ensures your listening habits stay yours.
  • šŸ’° Flexible Ownership: Buy or rent Non-Fungible Sounds (NFS) - the choice is yours!
  • šŸŽØ Creator Control: Artists set their terms, prices, and royalties.
  • šŸŒ Secondary Market: Creators benefit from every resale and rental.
  • šŸ•µļø Transparent Provenance: Clear ownership history on the blockchain.


šŸ’” How It Works

  1. Content Creation: Artists upload their audio content, creating Non-Fungible Sounds (NFS).
  2. Ownership: Users can purchase NFS outright or rent them for a fraction of the cost.
  3. Royalties: Smart contracts automatically distribute royalties to creators for sales and rentals.
  4. Private Playlists: Users create encrypted playlists, ensuring privacy even from the platform.
  5. Secondary Market: NFS can be traded on the built-in marketplace, with creators receiving a cut of each sale.

šŸ” 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
Sector
SocialFi
Winner Track
Champion

Winner

Linea August Dev Cook Off