A commercial music licensing platform for businesses via NFTs. This platform ensures fair, automated, and instant royalty distribution directly to creators every time their work is licensed.
The current structure of the music industry often harms artists, especially concerning royalties. The traditional process of collecting and distributing royalties is non-transparent, unfair, and prone to corruption. The complex flow of funds through various intermediaries leads to significant cuts, payment delays, and a lack of clarity regarding the total income that creators should receive. As a result, many artists do not receive fair compensation for their work, while the existing system continues to benefit specific parties.
MusifyNFT is a decentralized music marketplace built on the Solana blockchain, designed to revolutionize how musicians distribute their work and how businesses (such as cafes, hotels, and retail outlets) and fans legally license music. The platform empowers artists to turn their songs into Non-Fungible Tokens (NFTs), giving them full control over pricing, ownership, and, most importantly, transparent and automated royalty distribution.
Music NFT Minting: Artists can easily upload their songs and album art, then mint them as NFTs on the Solana blockchain.
Automated Royalty Distribution: When minting an NFT, artists can define multiple wallet addresses and royalty share percentages. Every time an NFT license is purchased, the payment is automatically distributed to all entitled parties according to the predetermined scheme.
Verified Commercial Licenses: Buyers, whether individual fans or businesses, who purchase an NFT will own a time-based commercial license (one year) recorded on the blockchain, providing a valid and immutable proof of playback rights.
Seamless Social Login: With MetaMask Embedded Wallet (Web3Auth) integration, users can create a wallet and log in using only their social or email accounts. This eliminates technical barriers like seed phrases and makes the platform accessible to a broader audience.
Integrated Dashboards: The platform provides separate dashboards for creators to track their royalty income and for users to view their collection of music licenses.
MusifyNFT aims to create a fairer and more transparent music ecosystem. By eliminating intermediaries and automating royalty distribution, we ensure artists receive fair compensation instantly. For businesses, we provide a legitimate, transparent, and efficient way to license music for commercial use, ensuring artists are fairly compensated for every playback in public spaces. With a simple user experience powered by Web3Auth, MusifyNFT is ready to bring a new era of music ownership to a global audience.
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Not raised any funds.