Name of Project
Synphonic
Proposal overview
We are building a two-sided music digital collectible marketplace that democratizes access to web3 for musicians and their fans. We are passionate about helping musicians - especially long-tail, independent, and emerging musicians - and using web3 to build community and monetize creative IP.
Fans pay with credit cards and musicians get paid in fiat, and we take care of contract creation and NFT minting on the backend. On the platform, musicians sell exclusive access to works in progress, behind the scenes footage, demos, and other content related to the creative process.
What stage is the product at?
We’ve built out a beta web app on polygon with a custodial wallet system, demonstrating proof of concept with 5 test drops and 2 exclusive releases which have sold out. We have 200+ musicians in our pipeline, and 22 already on the platform. We’ve spent $0 on marketing or advertising, and we just stood up our discord server.
How many users do we have?
We have 87 users on the platform, with all traffic thus far driven by musicians. We’ve had 70 unique purchasers so far, with 17% of fans who visit artist drop pages make a purchase on the platform. We aim to have 200 users by then end of June.
Why Harmony?
We want to support our musicians, and many of them have expressed strong desire to mint with harmony. We want to give musicians the option to use polygon or harmony. As we do with polygon, we intend to build a custodial wallet system in harmony and allow non-crypto native musicians and fans to engage with token-gated content which are gated by ownership of NFTs minted on harmony.
Team
CEO: Jacob Marks. Experience in high performance computing, cryptography, and machine learning. Previously at Google X and Samsung Research bringing emerging technologies to market. Physics PhD @ Stanford '22, BS Physics, Math & Philosophy @ Yale.
LinkedIn
COO: Joel Ostdiek. Background in music and entertainment: creator monetization strategy at YouTube, co-produced a grammy winning Broadway musical, and stood up an incubator for emerging musicians at Lincoln Center. MBA @ Stanford GSB '22, BA Economics & Theatre @ Notre Dame
LinkedIn
While our team does have technical experience, we would love to be connected with solidity developers.
Proposal ask
$25k
Solidity developers: $15000
Designers: $3000
Security audit: $6000
Subscription to team email server, hosting, payment processing, SendGrid: $1000
Metrics for success
- 50 members on discord server
- 200 users on the platform
- 150 unique NFT holders on platform
to have the Harmony community participate to ask questions and provide feedbacks.
