🚀 The PROM ecosystem is joining forces with @Sonvia_ai 🤝
Historically, establishing ownership of music has not been the problem; the real difficulty lies in properly tracking its usage. In the current landscape, a song can accumulate millions of streams while generating merely fractions of a cent per play. The conventional industry attempts to manage this through a sluggish system of middlemen and quarterly financial reports, meaning it often takes months for creators to see any monetary return from their rights.
Sonvia is stepping in to construct a direct economic framework specifically tailored for AI music. From the very beginning, automated agents are incorporated into the workflow. This guarantees that all musical assets, ownership details, and value exchanges are managed entirely on-chain.
Our team at PROM is investigating how this dynamic shifts when the audience might be a machine rather than a human. Under this innovative approach, each individual listen functions as a standalone transaction. The payment amount can perfectly match the micro-value of what is being consumed, and funds are instantly distributed to whoever holds the rights at the exact moment the stream occurs.
We look forward to bringing you more updates soon. 🚀
Historically, establishing ownership of music has not been the problem; the real difficulty lies in properly tracking its usage. In the current landscape, a song can accumulate millions of streams while generating merely fractions of a cent per play. The conventional industry attempts to manage this through a sluggish system of middlemen and quarterly financial reports, meaning it often takes months for creators to see any monetary return from their rights.
Sonvia is stepping in to construct a direct economic framework specifically tailored for AI music. From the very beginning, automated agents are incorporated into the workflow. This guarantees that all musical assets, ownership details, and value exchanges are managed entirely on-chain.
Our team at PROM is investigating how this dynamic shifts when the audience might be a machine rather than a human. Under this innovative approach, each individual listen functions as a standalone transaction. The payment amount can perfectly match the micro-value of what is being consumed, and funds are instantly distributed to whoever holds the rights at the exact moment the stream occurs.
We look forward to bringing you more updates soon. 🚀