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A music platform, equipped with a copyright-integrated NFT System, that allows users to release, use music, trade and manage Copyright
220 2024. 7. 4.Summary
A Korean startup that developed a copyright integrated music content platform, where musicians can freely release albums and receive settlement by the usage of their music. In addition, it is also possible to search for music components (speed, beat, vocals, etc), which is also suitable for content producers.
The Company is looking to collaborate with entertainment agencies, broadcasters, and game companies.
Advantages and Innovations
- The first platform second-generation streaming subscription function to be implemented with a copyright integration system, presenting a new area where both commercial music can be listened to and used
- Control copyright directly, launch the first platform that actually enables copyright trading, and expand into related derivative businesses
- Copyright holders can directly manage, settle, and trade their copyrights
- By launching the first business to give real value to a work by providing an NFT function that integrates copyright and ownership, solving the fundamental problems of the current NFT industry and presenting a vision as the next stage of industry
Stage of Development
Description
The Korean Company developed a copyright integrated content platform that allows users to freely use, settle, and trade music without worrying about copyright. The Platform contains:
Copyright Integration Music Content Platform where:
1) First 2nd Generation Content Platform with unconstrained commercial music use
2) Fundamentally solving the problem of the copyright ecosystem (especially copyright fragmentation) with the ability to conclude profit distribution contracts based on self-agreement
3) Introducing a copyright and ownership integrated NFT system, enabling copyright management and transactions
4) Integrate music releases, artist management, and settlement on one platform
5) Supply, use, and automatic settlement of music with all external platform interlocking system
6) GBC Music Component Search Technology
Record label where:
1) Contracting 400+ musicians, releasing 600+ records, managing 2000+ copyrights
2) Music release, distribution, copyright management, import distribution
Product Status
1)Available in "Android, iOS, Web, Offline" environments
↳ Developing and installing additional functions, preparing for alpha testing and GS certification
2) 5 registered patents (2 commercialization completed and 3 commercialization under development)
3) Complete the transition to the Flutter Integrated Development System
4) Bug patches, adding patent commercialization capabilities
Technology Keywords
Market Application Keywords
Sector Group
Type and Size of Client
Type and Role of Partner Sought
The company is looking for making partnership with entertainment company to release albums in various languages, being possible to create synergies to music supply and expansion of infrastructure through direct music release within the platform, and utilization of the copyright management system.
In the second moment, the company is also interested to connect with media content creators, such as broadcasters, game companies who can make the usage of the music, an opportunity with such a company can revitalize the second-generation music subscription ecosystem started by the company and have a direct cross-promotion effect by allowing music to be used freely without worrying about copyright.
Type of Partnership Considered
Distribution Services Agreement
Financial Agreement
Company
Internal Reference
Category
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