Web3 Music Platform Sonorus: Redefining Music Discovery and Distribution Model

Sonorus is an innovative music platform that utilizes blockchain technology and NFTs to change the way music is discovered and distributed. The platform allows music enthusiasts to earn token rewards by collecting and recommending their favorite songs. At the same time, Sonorus plans to provide musicians with a portal that enables them to mint their works as NFTs, set streaming prices, allocate incentives, and manage the streaming revenue of their NFT music.

Core Features of Sonorus

Music Launchpad

Sonorus provides a music launch platform where artists can nominate their works to be included in the platform's catalog. To ensure collaborative music promotion, artists need to reach specific milestones to enter the catalog. Successfully selected artists will start earning revenue shares for their music.

decentralized music chart

The platform adopts a popularity score mechanism to ensure the dynamism and decentralization of music charts. This mechanism prioritizes real popularity and user engagement, rather than rankings determined by large companies or algorithms. Artists can gain more exposure opportunities by reaching specific popularity scores, providing equal opportunities for every creator.

fan-driven model

Sonorus empowers the community to influence music rankings, ensuring that the charts authentically reflect listener preferences. This fan-centric approach makes Sonorus not only a Web3 music platform but also evolves into a comprehensive platform that integrates music and social interaction.

decentralized system

The platform's decentralized system relies on the actual participation and preferences of users. It not only focuses on the number of times songs are played but also takes into account the level of investment and support users have for the songs, thereby achieving a more authentic and fair evaluation mechanism.

Team and Collaboration

The Sonorus team consists of professionals from various fields including music, technology, media, and finance, who possess rich experience and an innovative spirit. The platform has established partnerships with several well-known music platforms, blockchain projects, and environmental organizations.

Community Engagement

Currently, Sonorus has over 200,000 Twitter followers, approximately 50,000 Discord users, and an average Twitter view count of over 10,000. The platform originated in the Southeast Asian music market and has now expanded to Europe and North America, where it has a substantial music user base.

Sustainability and Business Model

Sonorus measures the community's consensus on songs through a popularity ranking system. The higher the ranking of a song, the more token rewards its supporters can earn daily. Users can collect song-based Record NFTs and enjoy token earnings based on their collections. The platform also allows users to add their favorite songs to the catalog through nomination activities.

For high-profile artists, Sonorus has launched a dedicated development program to help more talented creators gain promotion and rewards in the Web3 space. In the future, the platform may evolve into a professional music financing platform.

Revenue mainly comes from two channels: 10% of the price of each record issued is allocated to the Sonorus team, and 5% of the record trading on the platform is charged as transaction fees. This revenue structure aligns with the main business model of music platforms and offers long-term stability.

Advantages and Challenges

advantages

• Adopt the "fan route" strategy to give fans more power.
• Enhance the value of music works through NFT and token incentive mechanisms.
• Promote community participation and governance through the DAO model
• With social attributes, it is beneficial to expand influence and user base.
• Has the potential to develop into a music financial services platform

Challenge

• Need to coordinate and compete with various parties in the traditional music industry
• Continuous innovation and optimization of product services are needed to adapt to market changes and user demands.

Capital Support

Sonorus has received support from several well-known investment institutions, including early Ethereum investor Hashkey, large investor Mask from Crypto World, Southeast Asia's largest music label NCT, and major Metaverse investor Y to Z. The involvement of these investors not only provides financial support to Sonorus but also enhances its influence and recognition in the music industry and Web3 space.

Token Economic Model

The native token of the Sonorus ecosystem is $RUS, and its supply is dynamically changing. The distribution of tokens includes the founding team, investors, partners, music creators, consumers, and community contributors. The platform has also established a reserve pool to support the development and innovation of the ecosystem.

$RUS tokens can be used to access music services on the platform, participate in the calculation of popularity rankings and rewards, and vote on major decisions within the platform. Additionally, Sonorus has issued SNS tokens based on the DJ Node, serving as the main network token of the ecosystem, and will be listed on exchanges.

Summary

Comprehensive analysis shows that Sonorus has a significant first-mover advantage in terms of traffic in the current market, and its traffic monetization path is clear. Strong capital support provides a guarantee for the long-term stable development of the platform. Based on these factors, we give Sonorus a score of 3.5 out of 5.