You’re wayyy behind. I would attempt this only if you’re idea is x10 better then theirs

Way different and way better. They are trying to fight the streaming industry by offering a blockchain based streaming service. we are trying to help finance artists future music creation

Great comment tho. Any other competitors you can find?

It would be really easy for them to add an like IPO like feature for new artists to raise funds. I would be shocked if they don’t already have the capability.

Please tell me you at least know how to code and you’re not hiring a developer?

Even if they add an ipo feature, they will only be able to capture revenue on their platform which is incredibly low. Their best song has 3000 plays. We capture rev across all streaming platforms. I have coded all the data stuff myself

I’ve thought about this for a long time in the past

You should think about creating a dual marketplace

Fans can find artists
And artists can buy from people - buy album art, buy playlisting, buy management, buy sync licensing etc

Having that stuff all in one place and as a competitive marketplace would be amazing

Will artists have any financial gain from this?

I thought about making a KTT2 stock market game where every artist would have 10,000 shares. The “IPO” or starting price would be the artists avg 8 week steam totals divided by 53 weeks (1 year)

Ex: drake is selling an avg of 220,000 copies of all projects in total over 8 weeks. 220,000 / 53 = 4,150.94 per share. Every user would get 10,000,000$ to start with.

But after the IPO the price would be reflected of sales of shares (assuming they are all bought) or the 3 week avg of total album sales.

Ex: drake drops another Views and sells 987k first week. 220,000*2=440k+987k=1,427,000/53=26,924 per share.

That was just an idea I was kicking around when I was bored. Your thread made me think of it again

Artists are gonna sell their rights or you’re covering it?

You can’t just sell centralised derivatives like this without legal structure, accredited investors etc. you’ll get sued & shut down if it ever took off.

It would need to be anonymous & decentralised to work.

If it’s in compliance with artists, that would be a headache too & theyd affectively still just be selling their rights.

The way we are structuring the IPO's the artists are set to make more money than the value that they are actually giving up. Lets say a super hype artist like baby keem offers shares. Since he has so much potential right now and everyone thinks he is gonna blow up, people will pay singificantly more for a share. This allows baby keem to basically monetize "the hype" around his name

Ahhhhh that’s what I figured the artists would issue the shares

Ayo you are right that there is a lot of legal involved. The way the transactions on our platform work is through a block chain system so artists and investors can be sure there money is going to the right place. We are not selling derivatives yet though, we are simply selling the cashflow from a certain amount of streaming payments.

yeah artists can choose when they want to do an offering so they can literally raise money whenever tf they want. Especially if an artist suddenly finds them self in financial hardship (cause all artists suck at managing money), we would be a great resource to help them

But if I buy shares in keed am I receiving a % of his music profit?

You’re building on ethereum yeah? I guess you’ll target independent artists?

Yeah you are. It’s basically a print money now button for artists and in exchange for the money they give up future streaming money they would get

Yup. We will be targeting independent artists and artists in independent label contracts

Sounds good, I’ll be interested to see where this goes

What do u see as the advantage from the artist’s perspective?

1. they get money asap to fund making their albums
2. they can monetize the hype surrounding their name. Like lets say tyler, the creator drops two fire snippets that have him rapping in this really good new way and then he says album coming soon. Hype would go through the roof and everyone would be expecting an absolute classic. Through these really high expectations from loyal fans, fans will expect the album to outperform our expected return and will therefore buy their shares at a higher cost (part of ipo process) leading to the artist making potentially even more money in the beginning then the future revenue stream is even worth since some fans are utterly delusional. Also we have no restrictions on how the artist spends the money so an artist could spend 10k recording an album and 90k on a new car contrary to how record label funding works.
3. It allows the artist to take on a 100% risk free loan. If the album absolutely flops, the artist still keeps the money and the fans who invested lose their money. Also we really work with artists to make sure they understand the whole process and their freedom of choice.
4. After shares expire (either after 1, 3, or 5 years), artist regain all equity they initially offered so they maintain ownership of their music
5. We are also thinking about creating an artist investor portal where artists can get fan sentiment about cover art, music videos, and unreleased music
6. Also kinds free marketing because you will be able to visually measure value of artists so finding new artists will be really cool cause you can do it through finance instead of listening to music

Really curious to hear what you think about this

All very good points. You’ll have to be very clear on both sides - artist & investors what the terms are on each contract. Will you be issuing their own token or what will the equity pay out be in? There will be difficulty going between fiat/crypto above board with all this. Taxes etc.

Also if an artist agrees, raises 20k for example & dips, what will you do? Pursue legal action which may cost tens of thousands or more & last years? You might be liable to a suit from the investors too if that happened. & if you don’t have everything exact legally you won’t even have leverage so artists will take the money & run.

Even if they don’t, I can see them omitting information on deals they’re doing & underhand payments, keeping you out of the loop. It would be nigh on impossible to ensure transparency. You will need to somehow get all the funds first or be included in all the paperwork the artist signs. Major labels have millions to spend on this.

I like the idea but these are some difficulties I think you will run in to.

definitely think this would've been a billion dollar idea in the soundcloud era, but I think it's still a very fun and interesting one now

from what I understand