MetaMusicVerse

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Klaus Muller
Project Owner

MetaMusicVerse

Funding Requested

$5,000 USD

Expert Review
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Overview

MetaMusicVerse is the ultimate metaverse platform designed for music enthusiasts and professional musicians. This innovative space leverages the power of generative AI to foster unparalleled collaboration and creativity, and enhance royalty rights by NFTs. Whether you're composing, producing, or performing, MetaMusicVerse brings artists together to redefine the music industry.

Proposal Description

Our Team

We are seasoned experts in generative AI and blockchain, backed by a strong track record of research and successful startup ventures.

View Team

Please explain how this future proposal will help our decentralized AI platform grow and how this ideation phase will contribute to that proposal.

The music will be generated by AI through API calls from SNET decentralized AI platform. Although we already have a prototype, we haven't tested it with many users, and the ideation phase can help us to validate our ideas further through user testing and marketing.

Clarify what outcomes (if any) will stop you from submitting a complete proposal in the next round.

If users show no interest in our service, which is unlikely from our previous interview experiences.

The core problem we are aiming to solve

Music enthusiasts often wish to create their own music but may lack the necessary technical skills. Meanwhile, professional musicians frequently struggle to find sufficient projects and face challenges with royalty payments for their work.

Our specific solution to this problem

We utilize generative AI, including transformers and diffusion models, to support both the music creation process and album cover design. The resulting pieces can be sold as NFTs, enabling creators to earn revenue from music streaming, usage rights, and copyright transfers.

Project details

USP: Democratizing arts and NFTs

1.     Free music creation for everyone: Easy and fast music generation with style transition in the music. Users only need to specify the length, speed, start, and end style of the music, and the output file of midi/mp3/wav can be downloaded for free. The creation process takes less than 3 minutes.

2.     Effortless to crate and sell NFTs: The AI creation tools for music and cover are integrated into the NFT marketplace. Non-artists can use the AI creation tools to make their artworks and seamlessly sell the artworks as NFTs to gain ownership.

3.     Royalty rights ensured by blockchain technology: Users can choose to publish the music as NFTs, and the smart contracts behind ensure fair and timely payment to creators.

4.     Trustworthy and efficient collaboration: Users can trust each other because the collaboration is guaranteed by smart contracts. Collaboration in the metaverse in the future.

Existing resources

We already have a working prototype and have gained initial feedback from users.

Additional videos

https://drive.google.com/file/d/1cEXRaAQQGKJfYMPjGAkoXGOKvmWeEbtj/view?usp=sharing

Proposal Video

Placeholder for Spotlight Day Pitch-presentations. Video's will be added by the DF team when available.

  • Total Milestones

    3

  • Total Budget

    $5,000 USD

  • Last Updated

    20 May 2024

Milestone 1 - Prototype improvement and user testing

Description

Iteratively improve the prototype by integrating user feedback and finding product-market fit.

Deliverables

A working prototype and user interview report with 20+ users.

Budget

$2,000 USD

Milestone 2 - Social media marketing

Description

Marketing on Twitter and Instagram with a daily budget of 50USD. Based on the previous market need findings perform an A/B test for marketing.

Deliverables

A/B test results and all the advertisements can be found on our official social media account.

Budget

$2,000 USD

Milestone 3 - Business plan completion

Description

Improvement on the business plan based on our market research with a focus on roadmap and technical architecture.

Deliverables

A convincing business plan with solution details.

Budget

$1,000 USD

Join the Discussion (1)

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1 Comment
  • 0
    commentator-avatar
    CLEMENT
    Jun 1, 2024 | 4:28 PM

    Great job Klaus. I want to point out that the areas for concern in this project may include issues related to intellectual property rights, copyright infringement, and the commodification of art. Additionally, what approaches for inclusivity are you keen on utilizing, especially for potential users outside the music metaverse ? Thanks

Reviews & Rating

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7 ratings
  • 0
    user-icon
    Maxwell Sterling
    May 19, 2024 | 10:57 PM

    Overall

    5

    • Feasibility 5
    • Viability 5
    • Desirabilty 5
    • Usefulness 5
    royalty protection with NFT is promising

    Music generation and using NFTs for royalty protection are intriguing concepts. These could potentially draw more musicians into the blockchain space. However, further research may be necessary to ensure a strong product-market fit, particularly for a B2C product.

  • 0
    user-icon
    Tu Nguyen
    May 31, 2024 | 10:00 AM

    Overall

    4

    • Feasibility 3
    • Viability 4
    • Desirabilty 4
    • Usefulness 4
    MetaMusicVerse

    The problem this proposal would solve is that professional musicians frequently struggle to find enough projects and face the challenge of paying royalties for their work. This proposal will use synthetic AI, including transformer and diffusion models, to support both the music creation process and album cover design.
    Personal comment: they should more clearly share information about the team to increase feasibility.

  • 0
    user-icon
    CLEMENT
    Jun 1, 2024 | 4:35 PM

    Overall

    4

    • Feasibility 4
    • Viability 4
    • Desirabilty 4
    • Usefulness 4
    Platform offers innovative tools for musicians

    I find it interesting that MetaMusicVerse has the potential to revolutionize how music is created, shared, and monetized. The integration of NFTs enables creators to establish ownership rights and monetize their creations through royalties, usage rights, and copyright transfers, thereby reshaping the traditional music industry model. This for me, is a game changer for professional musician and producers. 

    MetaMusicVerse can also expand the SNET ecosystem's offerings to include innovative applications of AI in the creative arts. Attracting adoption from a wider non tehcnical audience within the creativity niche. 

  • 0
    user-icon
    Ayo OluAyoola
    Jun 10, 2024 | 11:31 AM

    Overall

    4

    • Feasibility 4
    • Viability 4
    • Desirabilty 4
    • Usefulness 4
    MetaMusicVerse (Ideation Project)

    MetaMusicVerse has the potential to be a game-changer for the music industry by leveraging the metaverse and generative AI. Here are some key points to consider in your ideation hopefully, you will be able to find detailed answers to their ensuing questions:

    Strengths:

    • Target Audience: Focuses on a specific audience (music enthusiasts and professionals) with tailored features.
    • Generative AI Integration: This technology can unlock new creative possibilities for music composition and collaboration.
    • Focus on Artist Empowerment: Addressing royalty rights through NFTs aligns with current trends in creator ownership.

    Points for Further Discussion:

    • Technical Details: More information on how generative AI and NFTs will be implemented is needed to assess viability.
    • Monetization Strategy: Clarify how the platform will generate revenue and how it will benefit artists.
    • Competitive Landscape: How will MetaMusicVerse differentiate itself from existing music platforms and metaverse projects?
    • User Experience: Describe how users will interact with the platform, create music, and navigate the metaverse environment.

    Additional Considerations:

    • Governance and Community Management: How will the platform be governed, and how will user-generated content be moderated?
    • Accessibility: Ensuring affordability and ease of use for a diverse range of musicians is important.

    Overall, MetaMusicVerse presents a promising vision for the future of music creation and collaboration. By addressing the points for further discussion and considering the additional aspects, the team can develop a truly innovative and impactful platform.

     Have you seen  Ghost AI? Our ideation project just as fantastic as yours. Click https://deepfunding.ai/proposal/persona-ai/ to see what we would like to explore.

  • 0
    user-icon
    Max1524
    Jun 10, 2024 | 3:35 AM

    Overall

    3

    • Feasibility 2
    • Viability 3
    • Desirabilty 2
    • Usefulness 3
    Needs more presentation

    I have an opinion on the brief presentation of milestones. Indeed, this paucity of presentation cannot be good for feasibility and does not clearly state the Desire that the team wants to demonstrate. I hope to see more convincing explanatory presentations. The modest funding request amount of only $5,000 does not mean that the words in the proposal are also modest.

  • 0
    user-icon
    Joseph Gastoni
    May 23, 2024 | 5:08 PM

    Overall

    3

    • Feasibility 3
    • Viability 3
    • Desirabilty 2
    • Usefulness 4
    outlines the ideation phase for MetaMusicVerse

    This proposal outlines the ideation phase for "MetaMusicVerse," a metaverse platform for music creation and collaboration using generative AI. Here's a breakdown of its strengths and weaknesses:

    Feasibility:

    • Moderate: The project leverages existing generative AI models but requires significant development effort for the metaverse platform, NFT integration, and user interface.
      • Strengths: The proposal builds upon established concepts and can be developed in stages.
      • Weaknesses: The proposal lacks details on the technical complexity of building the metaverse platform and integrating AI, NFTs, and collaboration features.

    Viability:

    • Uncertain (Ideation Phase): Success depends on user testing, market validation, and addressing potential technical and legal challenges with AI-generated music NFTs.
      • Strengths: The proposal addresses a potential need for user-friendly music creation tools and NFT integration.
      • Weaknesses: The proposal lacks user research and market analysis to validate demand and competition. Legal issues surrounding AI-generated music ownership need to be addressed.

    Desirability:

    • Potentially High (for a specific audience): For music enthusiasts and aspiring creators, this could be desirable.
      • Strengths: The proposal caters to a growing interest in metaverse platforms and AI-assisted music creation.
      • Weaknesses: The proposal needs to address the potential concerns over the quality and originality of AI-generated music, and the value proposition for professional musicians.

    Usefulness:

    • Potential for High Impact: The project has the potential to democratize music creation and revolutionize music NFTs, but hinges on successful development, user adoption, and addressing legal and technical challenges.
      • Strengths: The proposal offers a platform for music creation, collaboration, and NFT monetization.
      • Weaknesses: The proposal lacks details on how the platform will ensure the quality and originality of AI-generated music, and how it will navigate potential copyright issues.

    Overall, the ideation phase is a valuable step, but focus on:

    • User Testing and Market Validation: Conduct user testing to validate the core idea, identify target audiences, and assess market competition.
    • Technical Feasibility Assessment: Develop a more detailed technical plan to assess the complexity of building the metaverse platform and integrating AI, NFTs, and collaboration features.
    • Legal Considerations: Address potential copyright and ownership issues surrounding AI-generated music and NFT creation within the platform.
    • Value Proposition for All Users: Clearly define the value proposition for both aspiring and professional musicians within the platform.

  • 0
    user-icon
    HieuTran
    Jun 1, 2024 | 2:58 PM

    Overall

    3

    • Feasibility 3
    • Viability 3
    • Desirabilty 4
    • Usefulness 4
    Creative spaces and musical collaboration.

     Feasibility

    The project provides insight into artistic collaboration in composition, production, and performance. Enhancing NFT copyright rights for artists encourages artists and users to participate in the initiative. This is the project's advantage in terms of practicality. However, the team noted that interviewing 20 users (including producers who make cash from music streaming, usage rights, and copyright transfers) for a music project would be a small sample size. Prototypes can be expanded to improve the viability of the concept.
    Viability

    The project team has provided all milestones, project execution budgets, and participating personnel. The plan does not provide a deadline for finishing each milestone. There is no information on project co-participants, which creates certain challenges in project implementation.

    Desirabilty
    This notion highlights the necessity for music composers, producers, makers, and music fans to profit from and participate in the SingularityNet platform. If the proposal interviews more users and properly promotes the project, it will develop a desire for additional people to join the platform.

    Usefulness
    Proposal for leveraging APIs from the SNET decentralised AI platform


Summary

Overall Community

3.7

from 7 reviews
  • 5
    1
  • 4
    3
  • 3
    3
  • 2
    0
  • 1
    0

Feasibility

3.4

from 7 reviews

Viability

3.7

from 7 reviews

Desirabilty

3.6

from 7 reviews

Usefulness

4

from 7 reviews

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