Description
Allfeat is a Layer 1 blockchain designed as a decentralized source of truth for the music industry, using its technology to certify and monetize metadata. It offers on-chain modules called Music Industry Decentralized Data Structures (MIDDS) to manage music metadata, ensuring traceability and ownership. The platform provides trusted music data to the Web3 ecosystem, built on a Proof of Authority (PoA) consensus secured by industry partners. It functions as a decentralized registry and distributed ledger, preserving data like performer and music details. Allfeat incorporates a unique consensus to monetize deposited metadata and a DAO for decentralized governance. It also supplies its metadata to multiple chains via oracle technology, serving as a data source for music dApp developers. The platform has an active testnet, has completed a code audit, and is preparing for its mainnet launch. To engage its community, it has initiated an NFT mint and an incentive program. The organization is also building strategic alliances, partnering with companies like SOMESING and IPXHOP, and has joined the "Creative Origin Alliance" to help establish ethical AI guidelines. ALLFEAT is a French société par actions simplifiée that provides a website accessible at https://allfeat.com/.