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Skyhitz II
Stealth
Distributed
Skyhitz II
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Description
Skyhitz is a platform for artists and fans to engage with music NFTs, utilizing Stellar's Soroban smart contracts for efficient and low-cost transactions. Users can create an account with an email, receive a public key, and fund it with XLM. The platform facilitates interactions such as streaming, liking, and downloading music NFTs, where each action transfers a specific amount of XLM into an escrow smart contract tied to the NFT. Fans can also invest in music NFTs to earn a percentage of their future revenue, with returns based on an Annual Percentage Rate (APR) that increases with engagement. A dynamic chart ranks NFTs by their APR, increasing visibility for popular content. Artists can submit their music NFTs to the platform for potential inclusion and rewards. The system is designed as a money-based discovery model to incentivize participation from both artists and fans.Category: Music