Chune.xyz: Empowering Music Creators with NFTs on Cardano

[GENERAL] Name and surname of main applicant

ChuneDAO Labs LLC

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Entity (Not Incorporated)

[GENERAL] Requested funds in ada

100000

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

12

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language

No

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

Chune.xyz will utilize NFTs on Cardano to provide artists direct earnings, ownership, and engagement.

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

Yes

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.”

No

[GENERAL] Will your project’s output/s be fully open source?

No

[GENERAL] Please provide here more information on the open source status of your project outputs

Not now

[SOLUTION] Please describe your proposed solution

Chune.xyz will leverage the Cardano blockchain to create a music NFT platform that empowers artists with better earnings, control, and transparency. This solution offers a direct connection between musicians and fans, revolutionizing music ownership and royalties.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community

The success of Chune.xyz will demonstrate the versatility of Cardano for handling complex NFT transactions, attracting more creative and tech communities to the ecosystem. Impact will be measured by artist and user adoption rates.

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Our team consists of experienced blockchain developers, music industry professionals, and marketing experts, ensuring a comprehensive and capable approach to project delivery.

[PROJECT MILESTONES] What are the key milestones you need to achieve in order to complete your project successfully?

Milestone 1: Development of the NFT smart contracts and user interface.

Milestone 2: Beta launch with selected artists.

Milestone 3: Full platform launch and marketing campaign.

Milestone 4: Expansion and scaling efforts.

Final Milestone: Project Close-out Report and Video

[RESOURCES] Who is in the project team and what are their roles?

Our Development lab

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources

₳50,000 for development and testing

₳20,000 for marketing and community engagement

₳10,000 for legal and administrative costs

₳20,000 for operational expenses and contingency funds

[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

Investment in Chune.xyz introduces innovative use of NFTs for music on Cardano, enhancing the ecosystem's appeal and functionality, promising high ROI through increased platform adoption and transaction volumes.