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Licensing Your Music On-chain
Keatly and Margaret from Dequency joined us to talk about on-chain music licensing. Keatly is a lifelong musician with an academic background in electrical engineering. Margaret is a startup devotee and crypto enthusiast. Keatly and Margaret are creating an on-chain solution for audio licensing focusing on Web3.
00:00 - 28:35 Who’s Keatly and Margaret, What Dequency is solving and Blockchain Transparency.
28:36 - 1:12:19 How to Sync, Simplifying License through Web3, and What’s Next of Dequency.
Synchronization Licensing: Music licensed for audio-visual production - ex: film, shows, etc
DeFi: DeFi stands for Decentralized Finance and refers to a financial system built on blockchain technology that enables peer-to-peer transactions without intermediaries.
Ethereum: Ethereum is a decentralized blockchain platform for creating smart contracts and dApps. It uses Ether (ETH) as its cryptocurrency.
On-chain: transactions that occur on a blockchain that is reflected on the distributed, public ledger.
Fork: whenever a community makes a change to the blockchain protocol or basic set of rules.
Algorand: Algorand is a decentralized, open-source blockchain platform that uses a unique consensus algorithm to provide fast and secure transactions, scalability, and decentralization. It is designed for use cases in finance, digital assets, and decentralized applications.
IPFS: (InterPlanetary File System) is a decentralized, peer-to-peer file storage and sharing system. It allows for the storage and sharing of large files and data across a distributed network of nodes, making it more resistant to censorship and more efficient than traditional centralized file storage systems.
Metadata: Metadata is information that describes other data, providing context and making it easier to manage.
Tokenomics: Tokenomics is the design and economics of tokens in a blockchain system. It covers the rules, incentives, and value behind the creation and use of tokens.
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