Skyhitz Features
Skyhitz is a next-generation recording label platform powered by smart contracts that enables users to discover, stream, collect and invest in music NFTs while providing transparent monetization for creators.
View MoreKey Features of Skyhitz
Skyhitz is a next-generation recording label platform powered by smart contracts that enables users to discover, stream, collect, and trade music NFTs. The platform combines blockchain technology with music streaming, offering artists a way to monetize their work through NFTs while providing fans opportunities to invest in and earn returns from the music they support. It features a unique money-based discovery system where engagement metrics like streams, likes, and downloads drive NFT values and charts.
Smart Contract Integration: Uses Stellar's Soroban smart contracts for efficient, low-cost transactions and transparent revenue distribution between artists and fans
Interactive Top Chart System: Dynamic ranking system based on APR (Annual Percentage Rate) generated from user interactions including streams, likes, and downloads
Simplified Wallet Setup: Easy digital wallet creation using just email, making it accessible for users new to blockchain technology
Investment Mechanism: Allows users to invest in music NFTs with as little as 0.31 XLM and earn returns based on the NFT's performance and interaction metrics
Use Cases of Skyhitz
Artist Monetization: Musicians can tokenize their work and earn revenue through streams, likes, downloads, and NFT investments
Music Investment: Fans can invest in their favorite artists' work and earn returns based on the music's performance
Music Distribution: Artists can distribute their music through blockchain technology while maintaining control over their creations
Fan Engagement: Listeners can actively participate in supporting artists while earning rewards for their engagement
Pros
Low barrier to entry with simple email-based signup
Transparent revenue distribution through smart contracts
Multiple ways for both artists and fans to earn
Cons
Requires understanding of cryptocurrency and NFTs
Platform success depends on active user engagement
Limited to users willing to invest in cryptocurrency (XLM)
Popular Articles
12 Days of OpenAI Content Update 2024
Dec 20, 2024
How to Get a Chinese Phone Number for Verification Free | Register for Hunyuan Video: A Comprehensive Guide
Dec 20, 2024
Kling 1.6 Update: Yet Another Leap Forward by Kuaishou
Dec 19, 2024
You Have Free Access to GitHub Copilot Now: Empowering Developers Worldwide
Dec 19, 2024
Latest AI Tools Similar to Skyhitz
AskSatoshi
AskSatoshi is an AI-powered search and analysis tool specifically designed to provide insights into Bitcoin and cryptocurrency by interpreting Satoshi Nakamoto's writings and philosophies.
Elsa AI Crypto Copilot
Elsa is an AI-powered crypto co-pilot that helps users trade smarter, uncover opportunities, and maximize returns through automated features like market monitoring, portfolio management, and intelligent trading assistance.
DRESSX
DRESSX is the world's largest digital fashion platform that allows users to wear AI-generated and digital clothing through AR technology across photos, videos, and virtual environments.
Mirr.art
Mirr.art is an AI-powered platform that bridges the gap between artists and collectors, offering tools for art promotion, curation, and market analysis.
Popular AI Tools Like Skyhitz
ChainGPT
ChainGPT is a cutting-edge AI platform that integrates blockchain and crypto technology to provide advanced tools and utilities for users.
BlockSurvey
BlockSurvey is a Web3 forms and survey tool offering end-to-end encryption, AI-driven survey creation, and data analysis with a focus on privacy and security.
Solidus AI Tech
Solidus AI Tech is building an eco-friendly High Performance Computing (HPC) Data Centre and Infrastructure-as-a-Service (IaaS) platform powered by the AITECH token.
Paragraph
Paragraph is an all-in-one web3-native publishing and newsletter platform that allows creators to write, grow their audience, and monetize their content using blockchain technology.
View More