Skyhitz
PaidNext-gen recording label powered by smart contracts
About Skyhitz
Skyhitz is a next-gen recording label powered by smart contracts, offering music fans, collectors, and creators a groundbreaking way to discover, stream, and invest in unique tracks. It leverages blockchain technology, specifically Stellar’s Soroban smart contracts, to enable recurring revenue for artists through music NFTs. Fans can connect with artists through the platform, turning streams, likes, and downloads into payouts. Skyhitz aims to redefine music ownership and accessibility, giving artists full control over their creations and providing fans with transparent access to exclusive music.
How to Use
Users can create a free account with just an email, set up a digital wallet, and then discover, stream, and invest in music NFTs. Artists can submit their music NFTs through the landing page for review and potential listing on the platform.
Key Features
- Music NFT marketplace
- Smart music contracts
- Decentralized platform
- Transparent monetization for artists
- Music streaming and interaction (likes, downloads)
- Music wallet setup
- Dynamic chart driven by APR
Use Cases
- Artists can monetize their music through NFTs and earn recurring revenue.
- Fans can invest in music NFTs and earn a percentage of future revenue from streams, likes, and downloads.
- Collectors can purchase fractions of their favorite music pieces or own the entire masterpiece.
- Users can stream and download music NFTs.
FAQ
Can I simply enjoy and listen to music on the platform without purchasing MFTs (Music NFTs)? Skyhitz Discord Here is the Skyhitz Discord: https://discord.com/invite/2C3HzsPEuZ. For more Discord message, please click here(/discord/2c3hzspeuz). Skyhitz
Key Features
Pros & Cons
- Recurring revenue model for artists via smart contracts
- Transparent and decentralized monetization
- Fractional NFT ownership lowers entry barriers for investors
- Built on Stellar Soroban for low transaction fees
- Dynamic APR chart helps users track investment performance
- Requires basic blockchain knowledge to set up a wallet
- Music NFT market is still emerging, which may limit liquidity
- Currently limited to Stellar-based NFTs only
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