LoopNFT - Mint Your Melody, Own Your Legacy. Create, Mint, Sell and Earn Royalties, All In One Place

[fulldecent]

Thank you for sharing. I am reviewing this project based on the video and the introduction. And a quick review of the software download on Gumroad.

This project promises a fun, interactive way to create music, which is then tokenized as NFTs on the Loop NFT website.

The music creation part of this project is preexisting, and has been unchanged as part of the time period for Season 5. The novel part here which is part of HackaTRON is the website which allows uploading the NFTs.

I would like to see some integration from the software to the website at least or some cohesion between the products. As current, I am only seeing a website that mints NFTs. The marketplace is at LoopNFT and I am only seeing that it supports products priced in “ETH”.

Please keep it up and hoping this can support TRON in the future.

[Bubbly]

Thanks for sharing your exciting developments with LiveLoop and LoopNFT! It’s impressive how you’ve seamlessly integrated music production and NFT minting, and the fact that you’re utilizing your user base for marketing is a brilliant strategy. Your involvement in associations and showcasing your product at events like ADE must be opening up excellent networking opportunities.

I also appreciate your approach of collaborating with influencers in the music industry instead of outsourcing talent. It gives your brand an authentic touch. And your focus on gradual promotion to invest more in product development demonstrates a thoughtful and sustainable approach. Best of luck with your presentation at ADE, and I’m excited to see where your journey takes you!

[josep.v]

Thank you for the message @fulldecent

We would like to explain the points that your mention:

Symbol
In the front-end, the symbol “ETH” is currently displayed, which typically denotes the Ethereum blockchain. However, we would like to clarify that this symbol was inadvertently retained from a previous version where the application was built on the Ethereum blockchain. It is important to emphasize that our project has since transitioned to the TRON blockchain, with TRX (TRON token) as the core cryptocurrency for transactions and functionality.

This adjustment was made to leverage the unique features and capabilities of the TRON blockchain, which align perfectly with our project’s requirements.

We understand that consistency and accuracy in displaying symbols are crucial for user understanding. We want to assure the hackathon judges that our project’s key functionality, pricing, and transactions are seamlessly integrated with the TRON blockchain, offering users a more efficient and cost-effective experience.

While the symbol may display “ETH,” our project is fully operating on the TRON blockchain, utilizing TRX as the primary cryptocurrency.

TRON integrations
A musician utilizing the Tron network can seamlessly establish their digital presence by connecting their Tron Link wallet, thus enabling the creation of a unique artist profile. In this digital ecosystem, musicians can leverage the power of blockchain technology to mint non-fungible tokens (NFTs) adhering to the TRC-721 standard. These NFTs encapsulate their original music compositions, effectively safeguarding their intellectual property rights.

One of the most remarkable aspects of this platform is its robust security. Each music track is meticulously protected by encryption, rendering it inaccessible for unauthorized downloading or replication. This guarantees that artists have control over their creations, thereby preventing unauthorized distribution.

Once these music NFTs are minted, they are listed for purchase within the Tron ecosystem. Interested buyers and music enthusiasts can explore these unique offerings and make informed decisions. When a potential buyer decides to acquire an NFT, they initiate the purchase process by clicking the “Buy” button.

In a seamless and secure transaction, Tron cryptocurrency (TRX) is transferred from the buyer’s wallet to the seller’s wallet. This ensures that the financial aspect of the exchange is executed with utmost transparency and trust. Simultaneously, the ownership of the NFT is transferred from the seller’s wallet to the buyer’s wallet.

In this thriving digital marketplace, musicians can share their artistic creations with a global audience while maintaining ownership and control of their work. Buyers, in turn, can experience music in a unique and exclusive format while participating in the ever-evolving world of NFTs and blockchain-based art commerce. This ecosystem offers a decentralized, efficient, and secure platform that empowers musicians and art enthusiasts alike.

Creating music
LiveLoop is indeed a software that exists and is download over 2k. What we want is to provide the whole process from making music, minting, sell/rent and getting royalties. So this is the reason why we using LiveLoop in LoopNFT to provide the whole process.

We are planning to make the software in the web, whereby you can connect with your wallet and make directly dynamic NFT. As you can see in our pitch deck, we are almost closing a round of 160k where this process will be fully supported.

Hope this explains everything

[shoaibkh587]

It’s a fascinating concept in the music industry, offering musicians a real opportunity to earn NFTs and sell them.

[Ajam]

Seems like a neat idea.
But my main concern with this comes from the fact that tracklib is doing something similar to this on a seemingly much larger scale, just not based in web3. tracklib provides sample licensing, it provides a place to flip tracks into new beats, and it’s got a ton of tracks. I guess the main difference between this project and tracklib is that they have a ton of licensing whereas this project facilitates new artists in a new market. Would tracks created here be able to be put on other platforms? how would you convince people to ditch something like tracklib or any other platform in order to use yours primarily.

[josep.v]

Thank you @shoaibkh587

[josep.v]

Thank you @Ajam for the reaction.

The difference is that we are working with the TRON integration to create an NFT. Also we have a music software integration where you can make your own music. What we see is that tracklib is proving a database with songs. In LoopNFT you will create your own music, where AI can help to make it better. We providing the whole process from making music, mint, sell and earn royalties. In the future we will maybe integrate other software music.

[Dominique]

Thank you for your answer and reliable project idea Sadly I wouldn’t call myself a musician but maybe I’ll be one haha

[josep.v]

Thank you @Dominique. Yes, maybe in the future🚀

[adeel]

@bahauddin Good Day!

Could you provide us with an update on your project’s mainnet launch?

Wishing you all the best and good luck with your project!