signify
Signify is a Web3 music deal platform on EDU Chain, ensuring fair contracts, instant payments, and scam-free record label discovery for artists, labels, and fans through smart contracts and NFTs. 🎶🚀
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Description
Signify is a Web3-based decentralized music deal platform built on EDU Chain, designed to empower artists, record labels, and fans through transparent, fair, and secure music contracts.
🎵 For Artists: Get discovered, receive fair deals, and ensure instant, automated payments without intermediaries.
🏢 For Record Labels: Find and sign emerging talent with on-chain agreements stored as NFTs, ensuring clear revenue distribution.
💰 For Fans & Investors: Support and invest in artists via blockchain-based crowdfunding while ensuring fair revenue sharing.
With smart contracts, escrow-based payments, and on-chain reputation tracking, Signify eliminates scams, hidden contract clauses, and payment delays. Built on Ethereum Sepolia for testing, Signify harnesses EDU Chain’s infrastructure for scalable, decentralized music industry solutions. 🚀
Progress During Hackathon
During the EDU Chain Semester 3 Hackathon, we successfully built Signify, a Web3-based decentralized music deal platform that empowers artists, record labels, and fans through transparent, smart contract-driven agreements. ✅ Key Achievements: Smart Contract Development: Deployed NFT-based music contracts ensuring transparent revenue distribution and automated payments. Escrow System: Implemented secure, on-chain escrow payments to prevent fraud and delayed payments. Artist Discovery & Crowdfunding: Enabled artists to showcase music, receive direct funding from fans, and sign fair deals with record labels. On-Chain Reputation System: Built a trust-based mechanism to verify record labels and prevent scams. Deployed on Ethereum Sepolia: Testing phase completed with plans for Layer-2/mainnet deployment on EDU Chain. Full-Stack DApp: Developed a user-friendly interface for artists, labels, and fans to interact seamlessly with smart contracts. 🚀 Next Steps: Mainnet deployment on EDU Chain for scalability. Enhancing user experience and adding more funding models. Expanding adoption by onboarding more artists and record labels. Signify is shaping the future of decentralized music deals! 🎶
Tech Stack
Fundraising Status
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