Melodyton
Tokenization of RWA, such as music and video blogs
Demo
About
The problem it solves Ignithereum Network Ltd is developing a Blockchain platform for Tokenization of Real-World assets such as music/video blogs and content monetization by creators. At present, creators and music producers are not getting paid for their content proportionate to their popularity. We propose tokenization of music and other content into NFTs and the usage of smart contracts wherein a smart contract gets executed whenever a user consumes the content. The payment is transferred from the user's wallet to the creator by the execution of this smart contract without any intermediaries.
How it's made
Challenges we ran into Acquiring test tokens was an issue. We have implemented the tokenization part, and we would like to extend this to monetization.