[Grant Application]: {LOOZR: SocialFi and MusicFi}
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Project title
Loozr
Link to grant specification
NFT Marketplace, SocialFi
Time to complete the project
5 weeks
Do you agree to open source all work you do for this project under the APACHE2 license?
- I agree to open source all work I do for this project under the APACHE2 license.
Project description
Loozr is a groundbreaking SocialFi platform for music creators and fans, poised to revolutionize the music industry.
It addresses a long-standing problem: the intermediary role that often complicates, delays, or diminishes artist revenue. The core mission of Loozr is to empower all participants, from artists to fans, to #Listen2Earn, trade music tokens, and share streaming revenue, eliminating the traditional middleman.
The platform tackles key industry challenges, including inadequate artist payouts, slow payment processing, and the absence of transparency in royalty accounting. By leveraging decentralized finance and innovative trading mechanisms, Loozr effectively bypasses traditional intermediaries, promoting a community-driven ecosystem. This transformative approach enables "investible music for all," providing direct rewards to artists, fans, and creators.
Currently running on Testnet, acquired 32,026 users and creators, with a trading volume of 142,030, MAU over 28,000 and monthly social reach of over 60 million users: Join Testnet dApp.
Milestones
| Milestone No. | Milestone Summary | Estimated Timeframe |
|---|---|---|
| 1 | Migrating Testnet and Smart Contract to Topos | 2 weeks |
| 2 | Testing and community onboarding | 2 weeks |
| 3 | Mainnet launch | 1 week |
Documentation, education and community
Website: https://loozr.io
Twitter: https://twitter.com/officialloozr
Discord: https://discord.gg/loozr-926008789226905630
Telegram:https://t.me/officialloozr
Medium: https://medium.com/@officialloozr
Technical Documentation: https://pacific-fossa-c83.notion.site/Loozr-s-Technical-Documentation-fc76ed3f8f434625ad7397df03cefb82
Lite Doc: https://docs.loozr.io
Other deliverables
No response
Maintenance and upgrade plans
Loozr Team's Long-Term Plans and Integration with Topos:
- Ecosystem Growth: Continually expand Loozr's ecosystem by attracting a diverse user base, including music enthusiasts, artists, and creators.
- Strategic Partnerships: Forge collaborations with music labels, influential artists, and industry leaders to enhance Loozr's position in the market. Topos' cryptographic security ensures the safety of these partnerships.
- Empowering Creators: Create a thriving ecosystem for artists and creators through innovative revenue-sharing models, transparent royalty accounting, and decentralized governance via the Loozr DAO. Topos secures fair compensation for creators.
- DeFi Integration: Strengthen Loozr's DeFi capabilities by integrating with leading DeFi protocols, offering users opportunities for asset leverage, yield farming, and broader financial services. Topos ensures the safety of financial transactions.
- Mainnet Launch and Token Utility: Transition to a fully functional decentralized platform with the mainnet launch, utilizing the Loozr token for transactions and user incentives. Topos' cryptographic security and interoperability facilitate the transition.
- Global Expansion: Expand Loozr's presence worldwide by catering offerings to different regions, languages, and cultures. Topos' cryptographic security and interoperability support cross-border interactions.
- Decentralized Exchanges: Create decentralized exchanges integrated with Topos for secure asset trading without central authority reliance.
- Secure Transactions: Utilize Topos to enhance transaction security, verifying authenticity without centralized authority dependence.
- Scalability: Develop new execution layers compatible with Loozr to process more transactions per second and accommodate a growing user base.