OCTAV3

Screenshots

Problem Statement

ProblemThe current music streaming model is broken. Platforms take huge cuts from artists, advertisers get access to user data and there’s absolutely no transparency in the whole process.MissionAlign the incentives for all stakeholders involved.SolutionA decentralised audio streaming platform; for the discovery of music by listeners and the distribution of ads to monetize this music.The ‘Ad Marketplace’ allows artists to sell advertising space during the playing of their song straight to buyers, with no middleman. The Ad space is an NFT that artists mint and put up for sale when they upload their song onto OCTAV3, the permissionless nature of the platform allows anyone to be able to buy and own this NFT.Next step is allowing users that don’t want to see ads to subscribe to the platform by streaming the funds in real-time (per second) using Superfluid, we didn’t have time to implement this.Looking ForwardIn time we also hope to make the marketplace’s filters more sophisticated and allow advertisers to better target listeners, users will provide this data (age, country etc.) in exchange for our token, and ad buyers will need this token to buy ad space. Essentially advertisers will pay listeners for their data.

Solution

Built with Zora, Polygon and nft.storage (IPFS):Front-end:Client built on Next.js with TypeScriptTailwindCSS and Ant Design to design componentsEthers.js for front-end interaction with smart contractsWalletConnect and Web3Modal to connect to Polygon Mumbai testnetBack-end:We used Zora’s contracts to allow artists to mint/transfer a song NFT and an advertisement NFTAll contracts are deployed on Polygon Mumbai testnetAll the data (i.e. ad images) and metadata is stored and queryable on IPFS through nft.storage