A DeFi-powered ecosystem for fans to get exclusive access to their favorite songs and music artists.
At the heart of the platform, are coins for different songs by various artists, in the form of ERC20 tokens on the Polygon blockchain. Fans can buy and sell these coins using MATIC on the Polygon testnet and enjoy special rewards as holders of these coins.
The trading of these coins is based on AMM using liquidity pools on UniswapV3. The prices of the song coins change based on 1. user supply and demand 2. song popularity (the Genius API is used to add more liquidity to the pools for every 100K views the song gets, via a cron script that runs at fixed intervals), thus creating 2-factor price movement. Fans can swap the song coins for MATIC on the platform itself using embedded Uniswap widgets.
As a holder of these coins, every fan is entitled to different privileges based on the amount of coins they hold. These privileges are split into 6 different tiers, ranging from Iron to Diamond. Each tier is progressively unlocked based on the amount of song coins a user holds, and the reward keeps on increasing in value. This set-in-stone tier system leaves no space for the artists to exploit the fans.
- Iron: 10 coins - mint a personalized artist NFT.
- Bronze: 25 coins - mint free NFT ticket to artist’s next concert.
- Silver: 50 coins - access to one unreleased song from the artist.
- Gold: 100 coins - access to an exclusive livestream by the artist.
- Platinum: 250 coins - access to chat messaging with the artist.
- Diamond: 500 coins - 15 minute video call with the artist.
Besides these privileges, coin holders can also engage in on-chain discussions to interact with each other in a fully decentralised manner.
Every artist is initially allocated with 20 coins of each of their songs. They can put these coins into the liquidity pool at any point and trade them for MATIC depending on the current spot price of these coins. These coins are stored in the contract when the coins are first minted and are transferred to the artist after a verification process.
Next.js, Biconomy, Uniswap, Livepeer, Polygon, NFTPort, web3.Storage, Huddle01, Push Chat
DrakeHotlineBling deployed at: 0xa06AdEA2e981B412561703e8e96C883D7caDc81b
DrakeInMyFeelings deployed at: 0xD4c1CE14DabfAEdFdBAF2c1499FeA4414cE862C6
EminemLoseYourself deployed at: 0x999951BFD435645A2936ce220D78b43D6D096C0F
EminemRapGod deployed at: 0x7BAC355fF73C84A36BFf3f41C623658022FaB921
TaylorSwiftBlankSpace deployed at: 0x4752cdD6e2E2fdE9EBeafaAa8aAcF664C65Afe18
TaylorSwiftShakeItOff deployed at: 0x98574c58e10ac5b42E19616F63B3AA3D3F7c2138
Discussions deployed at: 0x8E81c13B639882e0F76b017Ca5D064D5DA3C81F7
Finesse is built and deployed on the Polygon Mumbai testnet. All song coins are ERC20 tokens minted on Polygon. All smart contracts including the gasless transactions-compliant contract, are all deployed on Polygon testnet. The Uniswap liquidity pool are also on Polygon and users trade MATIC for the song coins on Finesse.
The Platinum Tier on Finesse gives fans access to one-on-one chat messaging with their favourite music artists. This is implemented using Push Chat (@pushprotocol/uiweb@0.2.3) on my frontend.
The Iron and Bronze Tiers on Finesse allows users to mint special NFTs (a personalised artist NFT for the Iron Tier and an NFT concert ticket for the Bronze tier). I have used BannerBear to generate dynamic images and then used the NFTPort API to conveniently mint them at no cost for the users.
I implement a decentralised discussion forum for each song on Finesse, using Biconomy gasless transactions. Users can post their thoughts and they are stored on-chain without them having to pay any gas fees for it.
The Gold Tier on Finesse gives fans access to an exclusive live stream by their favourite music artists. These live streams are done using Livepeer Studio. I have created Stream objects for different artists on the dashboard and embedded Livepeer's video player on my platform so fans can watch the streams right there.
The Silver Tier on Finesse gives fans access to an exclusive unreleased song from their favourite music artist. This song is stored on IPFS using web3.storage. The artist uploads their song audio file and it is then retrieved by the fans.
The Diamond Tier on Finesse gives fans access to an exclusive one-on-one video call with their favourite music artist. This is implemented using the Huddle01 iFrame and the video calls are embedded right on my platform.