Soundwork Whitepaper
  • 🎼Index
  • πŸ’‘Abstract
  • πŸ˜–Problem Statement
  • πŸͺ„Solution Overview
  • πŸ“ŠMarket Analysis
    • 🎚️Music Market Landscape
    • πŸ–ΌοΈThe Role of NFTs in Music
    • πŸ’ŽUnique Value Proposition
  • 🎢Platform Deepdive
    • 🎹SNFT - Sound NFT Standard
    • πŸ›’Soundwork MarketPlace
    • ☁️AI-Powered Developer API
    • πŸ“±AI Music-Maker App
    • πŸ’°Web3 Rewards Engine
  • πŸͺ™$SOUND Token
    • 🧠Rationale
    • βš’οΈUtility
    • πŸ›οΈGovernance
    • πŸ’ΈSettlement
    • πŸ₯§Tokenomics
  • πŸ—ΊοΈRoadmap
  • πŸŽ™οΈConclusion
  • 🌍Official Links
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  1. Platform Deepdive

Web3 Rewards Engine

The AI + Web3 Rewards Engine introduces a paradigm shift in the evolution of music NFTs.

PreviousAI Music-Maker AppNext$SOUND Token

Last updated 1 year ago

The engine analyzes tracks to discern the constituent sound elements. This system pioneers verifiable compensation for the creators of these sonic building blocks.

By leveraging cutting-edge AI & ML technology and the principles of Web3, this engine identifies and credits the contributors behind the sounds and beats within any music file.

This is how the AI-powered Web3 Rewards Engine works:

  • Soundwork scrapes the Web for music being played on all platforms

  • The AI Detection tool identifies the Wave Signature of previously minted SNFTs

  • The SNFT's Mint Contract is queried to verify the owner and the rev-share split

  • $SOUND tokens are sent to the creator of the SNFT Detected in real-time

  • When an Identified track is also distributed by Soundwork, Streaming Revenue will also be shared with the creators according to their revenue settings and after confirming transactions from the streaming platforms

This mechanism amplifies collaboration and bolsters a fair ecosystem, providing due recognition and compensation to the creators of these auditory masterpieces.

🎢
πŸ’°
The AI Detection Algorythm identifies an SNFT Waveform within a Track, and rewards the Creators of all the samples used in the Track