For instance if a song with this cXc is played where there is no tokenomics then what happens?
cXc just uses third party players (Spotify, etc), and doesn't reward plays, strictly actions (Ups) and charting (sorted by Ups).
Also, this is a NFT standard, so it would be up to the dapp / person to monetize it as they wish. We plan to just allow peole to make templates for free from our site and hold drops, etc to make money. Simple NFT stuff, not rewarding plays or even adding special tokenomics for NFTs. We'll just put them on a map ha ha, and invite others to do the same!
So a protocol that would be able to exist with specifics that then determine how value and reward is returned back to the place of origin and to the account/user that created it is is the path.
Great idea. I feel like with AI data processing too, it would be possible to read the files and prevent frauds. Even re-route money to the correct account on the protocol, crazy!! Talked to someone in that field yesterday, cool stuff. Could get messy though with automatic incentives ha ha.
I've been mulling a protocol that would allow people to specify geotemporal rights and licensing for $$, but hadn't considered the payment part much.
Does this cXc do that?
No, we don't (yet?). We allow user to sign in to Google (youtube) account to prove ownership of a youtube channel ID, linking their WAX account. Then any video on that channel on a piece of cXc content will get rewarded at the blockchain address.
I like WAX though they're on the ball with development. I like this post too and think it needs to be recognized by more people here. This has much more potential than many projects here that are only focused on instant reward and not on how the existentially of the content should be treated and recognized.
Thank you so much man, I really appreciate it. Standards are the foundation for all music blockchain projects to grow. I'm happy to obsess over it and share what I come up with, I hope it helps and inspires others to explore more hidden primitives to help all fields of creatives and share those openly.
RE: 🖼️ Introducing cXc.world's Music NFTs Standard: Request for Feedback 🎸🤘