Chune.xyz: Tokenizing Music On Cardano, Empowering Creators & Rewarding Listeners

[GENERAL] Name and surname of main applicant

ChuneLabs DAO LLC

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

Entity (Incorporated)

[GENERAL] Requested funds in ada

62100

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

6

[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 is a suite of web3-native music and economic tools powering the next generation of artists and their listener communities. Chune.xyz will help artists capture more value from their art.

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

No

[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 dependency

[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

Our codes won't be open source initially but we plan to gradually open source it.

[METADATA] Horizons

Tokenization

[SOLUTION] Please describe your proposed solution

Chune.xyz gives artists the chance to debut new music as a series of limited edition NFTs of the song. Each is numbered uniquely, so listeners can showcase their early support.

Chune.xyz leverages 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 the Cardano blockchain as we will be creating a better world for music artists.

Our vision for the future is ambitious: we want to honor the value of music by giving a million artists the opportunity to live off their art...for real this time.

We’re taking what feels like a big leap towards that vision by launching the platform, but we recognize it’s a small step in the bigger picture— because we want to get this right.

[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 is very much capable of delivering this project as our DAO LLC consist of experienced product designers, frontend, backend and blockchain developers.

We also have music industry professionals and marketing experts on board, 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?

Our milestones are simple and straight forward.

Milestone Outputs: Completion of the initial designs of the user interface & prototyping the proof of concept.

Acceptance Criteria: Completed and clickable Chune Proof of Concept

Evidence Of Milestone Completion: A link to the Figma Proof of Concept Mockup

Milestone Outputs: Development of the front end interface and smart contracts integration

Acceptance Criteria: Completed Frontend interface and music tokenized contracts in Aiken

Evidence Of Milestone Completion: Link to the the completed interface and a test transaction link on Cardano pre-prod.

Milestone Outputs: UAT Testing & Artistes Onboarding

Acceptance Criteria: Completed minimum viable product

Evidence Of Milestone Completion: MVP on the Cardano testnet.

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

We are a Wyoming incorporated DAO LLC with product designers, Full stack developers and music professionals.

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

The costs are broken down into different milestones / Phases:

Phase 1:

Platform Design, User Interface Development: Total Of 100 Developer Hours, at $25 per hour = 7,100 ADA

Phase 2:

Platform Front end Development: Total Of 250 Developer Hours, at $50 per hour = 35,700 ADA

Phase 3:

Backend Development, Smart Contracts & Integration: Total Of 150 Developer Hours, at $45 per hour = 19,300 ADA

Total of 62,100 ADA

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

Chune.xyz introduces innovative use of NFTs for music on Cardano, enhancing the ecosystem's appeal and functionality.

We want to build an ecosystem that is inclusive for everyone: artists, songwriters, producers, curators, and fans. To get it right, we’re committed to working closely with our community and sharing in the upside of those efforts. We’ll constantly listen, learn, and make adjustments as we work towards building a totally different kind of music industry that puts artists and fans first.