Lyric revolutionizes the music industry by uniting artists and fans through blockchain, offering decentralized fundraising, exclusive content releases, discovery, and interactive live streams
The music industry, dominated by a few record labels, operates on a model where artists receive 'Advances,' essentially loans repaid through royalties. Lyric revolutionizes this landscape:
1.Dedicated Campaigns: Artists fund projects directly through Lyric, sidestepping traditional advances.
2.Explore Section: Artists retain full ownership, releasing music independently, fostering a decentralized music discovery hub.
3.Exclusive Arena: Live streams connect artists intimately with fans, breaking free from centralized live show structures.
4.NFT Integration: Campaign donors receive NFTs, unlocking exclusive access to the arena, strengthening the artist-fan bond.
Lyric's model redefines industry norms, offering artists financial autonomy, fostering community engagement, and reshaping the music landscape.
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Challenges Encountered and Resolutions:
1.RPC Downtime and Rate Limit Issues (Polygon Mumbai Testnet):
2.Compatibility Issues with Push Notifications and Group Chats SDK:
3.Achieving Multifaceted Features within Tight Timeframes: