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Introducing SONGS: An open protocol designed to transform the music industry. Let's reclaim the future of music distribution ◒ /songs-tools /base /protocols /frontend /music Built w @guayaba A thread 🧵⬇️
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◒ The music industry is opaque. Artists' earnings are falling, and obsolete intermediaries dominate the landscape. SONGS restores control to the creators.
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◒ At the core of SONGS is the Open Distribution Protocol. This protocol allows artists to upload their songs to streaming services without intermediaries, making them sovereign and automating payments.
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◒ Central to the Open Distribution Protocol is the Wrapped Song: A new format that encapsulates all metadata, automates beneficiary payments, and contains the final master. This digital entity lives perpetually in the cloud, ensuring optimal revenue collection and distribution.
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◒ When an artist or group of artists wraps a song, 10,000 songshares are created. Each songshare represents 0.01% of the royalties, giving artists control over their music’s value.
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◒ Artists can sell songshares directly to fans, empowering supporters to invest in their success. This creates a new dynamic between artists and their audience.
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◒ Crowdfunding becomes more powerful with songshares. Artists can offer them in exchange for financial backing, enabling the production of new music.
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◒ Loyal fans can be rewarded with songshares, providing a tangible form of appreciation. Artists can incentivize actions such as buying merchandise, sharing the song, or attending concerts, deepening their connection with their audience.
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◒ Collaboration is simplified with songshares. Co-creators can divide ownership fairly, ensuring everyone benefits from their collective efforts.
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◒ Automate the lending of songshares to record labels. With SONGS, contracts are time-bound and songshares are automatically returned after the agreement period.
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◒ We can truly reshape the music industry! A future where music belongs to its creators. Sign our manifesto and mint your SONGS License to help us build this project (and get early access to beta during summer ✨) https://songs-tools.com /songs-tools /base /base-builds /music
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