Name of Project / DAO / Company
NOIZD NFT Music Marketplace
APPLICATION TYPE
Investment
PROPOSAL OVERVIEW
NOIZD is the only NFT Music Marketplace dedicated to bringing African music creator economies to the Web3 space as an initial door to wider African economies.
Historically, Africa has lacked a presence in the Web3 space due to multiple barriers including a lack of Web3 education, platforms that champion them and projects providing hand-held immersion. We feel that because music transcends cultures, borders and economy - focusing on African music creators is the perfect entry point for bringing Africa into Web3, bolstering interest, development and usage in both NFT and DeFi.
With Afropop and Afrobeats being in the top 4 fastest growing genres in Web2, yet African music creators contributing less than 0.8% of all Web3 music, we feel the need for African immersion is greater than ever.
WHAT MAKES US SPECIAL
Aside from our exciting feature list (both current and upcoming) - like fractionalised NFTs, credit card payments, custom profiles, NFT swapping and playlist creation etc. - as well as our agile and dedicated developer and marketing teams we also pride ourselves on being totally hands-on with our community being available 24/7 and providing manual onboarding both onto NOIZD as well as the Web3 space for any and every user that needs it.
Community is also at the core of our belief system meaning when the community asks for something we provide it to the best of our abilities in everything from developing new features to helping with the promotion of drops to funding song recordings.
WHERE ARE WE WITH NOIZD
Launched 11/2021, built on Ethereum but multichain, 2000+ users, 400+ verified musicians, 85% of all musicians coming from the Africa, 29 African countries represented, 500+ listings, 38% sales rate
Currently charging 0 fees/ 0 commissions, meaning the $100,000 in sales to date has gone 100% directly to artists, helping both change lives as well as the attraction to the Web3 landscape in multiple African countries.
One of our biggest challenges currently is further community building in the Ethereum based collector space as well as general marketing.
TEAM
The NOIZD team is a mixed group of developers, community and marketing managers, artist relations specialists and visual designers who are all dedicated to bringing Africa to Web3 via music. The co-founders: (Jason: https://www.linkedin.com/in/jason-rieff-8a28918b/), (Aidan: https://www.linkedin.com/in/aidanmusnitzky/), (Micah: https://www.linkedin.com/in/micah-friedland/).
PROPOSAL ASK
We have bootstrapped ourselves but are now at a point where funding to further the dream is highly necessary.
We’re looking for contributions of $500k – $1m at a $13m valuation.
We intend to use the funds to help us with both marketing and further development.
Aside from funding we are also looking for partnerships that can help us grow and achieve our vision of onboarding Africa into Web3.
TRACTION AND MILESTONES SO FAR
Marketplace Traction:
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2500+ users
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400+ verified musicians
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500+ listings
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38% sales rate
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85% of Artists from Africa
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$100,000+ invested into artists
Dev milestones so far:
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Multichain
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Customized marketplaces
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Ability to sell music videos
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Multi print
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Ability to sell with rights
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Streaming funciton
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Pack multiple components into an NFT (Vocals, backings, multiple cover arts, Music videos, Remixes)
METRICS FOR SUCCESS BY EOY 2022
Marketplace Traction:
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12,000+ users
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1900+ verified musicians
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4500+ listings
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66% sales rate
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93% of Artists from Africa
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$650,000 + invested into artists
Dev milestones:
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Fractionalisation of NFTs and NFT Royalties
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Increase L2 support partners
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Token creation and retroactive airdrop
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Syndication functionality (Enabling collectors to upload their NFTs to streaming platforms)
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Artist tipping
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Playlist creation
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Charge for entry playlists (Allowing collectors to lease NFTs as playlists)