Allfeat is the next-generation blockchain designed for the music industry, bringing everyone involved in music on board for the web3 revolution.
This open source EVM+/Substrat infrastructure is designed to bring the benefits of blockchain to the music industry, by securing and monetizing transactions and artistic content. Allfeat is the first blockchain specifically designed to enhance the music industry’s business model through its MIDDS* (Music Industry Decentralized Data Structure) protocol.
An open source approach to offer the music industry (160 billion by 2030*) an inclusive technological solution to the challenges of Metadata and copyright.
Like all blockchains, Allfeat offers traceability (Smart contrat), ownership (NFT) and commitment (Token AFT ) through powerful interoperability, enabling all music dApps to work together. These features are taken into account when it comes to securing metadata or copyright, as well as creating links between fan or artist communities and commitments between applications.
Strategic Partnerships and Industry Support
6 dApps (Ticketing, Stream, Merchandising, Fan Engagement, iA ) are currently being deployed on the network, and 13 are under discussion, including Kreypt, Mintedwaves, MadeOfSound, ArtysMusic, Recallby , meteora , TokenTraxx , while other music industry players are participating in the validation of WiseBand nodes, ICART, ALYRA, MusicMoon, Pixelynx , baseformusic , Rapminerz, Mirage. iA , liveloop, sosaucyrecords and more to come.
Traceability and ownership using the MIDDS approach
MIDDS (Music Industry Decentralized Data Structure), is a term used by Allfeat to designate data structures created and used natively within the Blockchain. These data structures aim to be optimized for on-chain data processing, while storing data essential to the music industry. More generally, they are decentralized registries, such as one that maintains Artist and profile information directly on the blockchain, or music, albums, video clips…
In today’s Web2 landscape, artists often have to create separate profiles on each platform they use. This process is not only time-consuming, but also inconsistent, as each platform has different data requirements and privacy policies. In addition, artists have limited control over how their data is stored and managed, which can lead to data misuse or loss. The lack of transparency in the way platforms handle and exploit this data further complicates the situation, eroding trust between artists and service providers.
Future prospects
Web3 music industry was $187M in 2020 then $1.3bn in 2023. The question is no longer whether adoption will happen, but where. Built in Substrate, interoperable in solidity, open-source and therefore open to all proposals and new tech solutions, Allfeat aims to be a system dedicated specifically to the music industry. The music industry requires appropriate security measures to protect copyright and artist data. A dedicated blockchain ensures total transparency, reinforcing trust between artists and consumers.
About Allfeat
Founded to be a scalable and open tool, Allfeat combines the latest digital technologies with a passion for the music business and economy. Allfeat raises €200k in tokens to close €1.2M financing round, more details at hello@allfeat.com.
Hackathon June 14-16 Online ( Discord ) or Onsite ( Paris )
For more information on Allfeat and its features, please visit the following websites:
