🗺️Roadmap Q1 2023
In July 2022, we launched Sinfonia in Mainnet minting and launching 14 FanTokens, including artists, record labels, and music mags, giving fans for the first time the opportunity to buy, sell, or perform yield farming operations with FanTokens related to the music industry.
We also promised that by the end of the year we would also work hard to integrate two new features as are NFT and the Media Player, and as evidenced by the public testnet we launched at the end of November 2022, we have kept our promise.
In fact, in the testnet you can already interact with the minting functions of NFTs, as well as listen to tracks or podcasts related to them or watch videos.
Now, though, the time has come to bring these new features into production, and so the roadmap for Q1 2023 that we have laid out for Sinfonia is as follows:
Sinfonia Docs Online - Live
This is the documentation you're exploring in this moment. Keep in mind it is still an Alpha version and we're updating it daily.
Global Ambassador Program - January '23
An ambassador program is a marketing strategy used by companies or projects to promote their products or services through a network of individuals, known as ambassadors. These ambassadors are typically customers, fans or influencers of the company who are willing to promote the brand to their own networks. The program typically includes incentives, commissions, or exclusive access to products or events in exchange for their participation. The goal of an ambassador program is to increase brand awareness and sales through word-of-mouth marketing and social proof. This program can be a great way for a company to reach new audiences, and for the ambassadors to earn rewards for promoting the brand they already love.
New Artists Onboard - The whole quarter
Sinfonia's artist onboarding program is a set of steps or procedures that we use to onboard new artists and help them understand how to use the platform and take advantage of its services. The program is designed to make it easy for artists to get started with the platform and understand how to use it to promote their work and connect with fans.
The steps in an artist onboarding program can vary, but generally include:
- Wallet Generation: The first step is for the artist to generate a BitSong wallet. - Profile setup: The artist will be prompted to provide information about themselves, such as their name, bio, and links to their social media profiles. - Content upload (NFT): Artists will be able to upload their music, videos, images, and other content to the platform. - Tools and features: The platform will provide the artist with tools and features to help them promote their work and connect with fans, such as analytics, marketing, and fan engagement tools. - Support and guidance: The platform will provide support and guidance to the artist, such as tutorials, FAQs, and customer support, to help them make the most of the platform.
The artist onboarding program is an important aspect of Sinfonia's artist engagement strategy, as it helps artists to understand the platform and how to use it to their advantage, and it makes them more likely to stay active and engaged with the fans.
NFT MUSIC CONTEST - Registrations to open in January '23
An NFT Music Contest is a competition that is centered around the use of Non-Fungible Tokens (NFTs) in the music industry. The contest typically invites music artists, producers, and composers to submit their work in the form of NFTs to be judged by a panel of industry experts.
The structure of the contest can vary, but the following elements are usually included:
Submission period: Artists are given a certain period of time to submit their NFTs to the contest.
Judging criteria: The panel of judges will evaluate the NFTs based on specific criteria such as creativity, originality, and technical execution.
Prizes: There will be rewards for the winners of the contest, such as cash prizes, recording studio time, mentorship opportunities or exclusive access to new tools and features.
Public voting: The public may also be able to vote for their favorite NFTs as part of the judging process.
An NFT Music Contest can be a great way to showcase the potential of NFTs in the music industry and to encourage artists to experiment with the technology. Additionally, it can also help to bring more visibility to the contestants and their work. It can also be used as a way for music platforms to promote the use of NFTs and to increase the adoption of this new technology within the music industry.
New FanToken Pools - The whole quarter
Podcast - Upgrade in January '23
Marketplace NFT - Upgrade in January '23
FanToken Giveaways - whole quarter
A music FanToken Giveaway is an event or promotion where a music artist, label, or platform gives away a certain number of FanTokens to their fans or followers. FanTokens are digital assets that represent a fractional ownership in an artist, band, or label, and can be used to access exclusive content, merchandise, or experiences.
The structure of a FanToken Giveaway can vary, but the following elements are usually included:
Eligibility: The giveaway is typically open to fans or followers of the artist, band, or label that is giving away the FanTokens.
Entry requirements: To enter the giveaway, participants may be required to perform certain actions such as following the artist on social media, sharing a post, or answering a question.
Prize: The prize is typically a certain number of FanTokens that can be used to access exclusive content, merchandise, or experiences.
Announcement of winners: The winners of the giveaway will typically be announced on the artist, band, or label's social media channels or website.
FanToken Giveaways can be a great way for music artists, labels, or platforms to engage with their fans and to introduce them to the concept of FanTokens and the benefits they can bring. It can also be a way for the artists to reward their most dedicated fans and to create a sense of exclusivity around their fanbase. Additionally, it can also be used as a promotional tool to increase the adoption of FanTokens among music fans.
New FanToken listings - whole quarter
A FanToken listing on Sinfonia refers to the process of making a FanToken available for trading on the Sinfonia platform.
The process of listing a FanToken on Sinfonia typically includes the following steps:
Application: Artists, bands, or labels interested in listing their FanToken on Sinfonia will have to submit an application to the platform.
Due Diligence: Sinfonia will conduct a due diligence process to ensure that the FanToken being listed is legitimate and that the artist, band, or label has all the necessary permissions and licenses.
Listing: Once the FanToken has been approved, it will be listed on the Sinfonia platform and made available for trading.
Trading: Once the FanToken is listed, fans and users can buy and sell the FanToken on the Sinfonia platform using the ecosystem's native token, BTSG, or other supported cryptocurrencies.
FanToken holders will be able to access exclusive content, merchandise, or experiences, and can also participate in fan engagement activities.
Listing a FanToken on Sinfonia can be a great way for music artists, bands, or labels to raise funds for their projects and to connect with fans in a new way. It also allows fans to show their support for the artist, band or label by buying a piece of the project and becoming a stakeholder. Additionally, it creates a new economy for the music industry and a new way of engagement with the fan or user base that is much more powerful, direct, fair and transparent.
Launchpad NFT - Upgrade in January '23
NFT Creators Home page - Upgrade in January '23
An NFT Creator's Homepage is a web page that is dedicated to showcasing the work of a specific NFT creator. It typically includes information about the creator, a gallery of their NFTs, and information about how to purchase or bid on their NFTs.
The NFT Creator's Homepage usually includes the following elements:
Creator's Profile: A brief bio and background of the creator, including their name, location, and social media links.
NFT Gallery: A collection of images and videos showcasing the creator's NFTs, with information about each piece including title, description, and price.
Purchase or bid button: A button that allows users to purchase or bid on the NFTs.
Transactions history: A record of past transactions of the NFTs, including the date and the price of each transaction.
Social media links: Links to the creator's social media accounts, so that users can follow them and stay updated on their latest creations.
An NFT Creator's Homepage is an essential tool for NFT creators to promote and sell their work. It allows them to have a centralized location where their fans, collectors, and potential buyers can view and purchase their NFTs. It also helps them to establish their brand and build a following by providing more information about themselves and their work. Additionally, it allows for easy tracking of their sales and for them to have a direct relationship with their audience.
NFT Admin Page - January '23
An NFT Admin Page is a web page or tool that is used by the creator or owner of an NFT to manage and administrate the NFT. It typically includes functionality such as the ability to view the NFT's metadata, update the NFT's information, transfer ownership, and mint new copies of the NFT.
The NFT Admin Page usually includes the following elements:
NFT Metadata: A display of the NFT's metadata, including the token ID, token URI, and other data associated with the NFT.
Ownership management: A feature to transfer the ownership of the NFT to a new address, or to approve or revoke access to the NFT.
Minting: A feature to mint new copies of the NFT, set the minting parameters and limit the total supply of the NFT.
Update NFT information: A feature to update the NFT's information such as title, description, or price.
Analytics: A feature to view the NFT's transaction history, and track the number of views, sales, and holders of the NFT.
An NFT Admin Page is a useful tool for NFT creators, owners, and administrators to manage their NFTs and to keep track of their performance. It allows them to make changes to their NFTs, track their performance, and make sure that their NFTs are being used and traded properly. Additionally, it allows them to have more control over their creations, and to make sure that the NFTs are being used in a way that aligns with their intentions and goals.
Convert Podcast to NFT - Upgrade in January '23
Converting a podcast to an NFT (non-fungible token) refers to the process of creating a unique digital asset that represents ownership or access to a specific podcast episode or series. This is done by creating a token on the BitSong's Blockchain, and linking it to the podcast episode or series.
The process of converting a podcast to an NFT typically includes the following steps:
Tokenization: The podcast episode or series is tokenized, meaning that a unique token is created on the blockchain to represent it.
Encoding the podcast: The podcast file is encoded, meaning that it is turned into a format that can be embedded in the NFT.
Creating the NFT: The token and encoded podcast are then combined to create the NFT, which can be minted, bought, sold and traded on various NFT marketplaces.
Listing: The NFT is then listed on NFT marketplaces, where potential buyers can view and purchase it.
Ownership: Once an NFT is purchased, the buyer becomes the owner of the unique digital asset and can access the podcast episode or series.
Converting a podcast to an NFT allows creators to monetize their content, and to give fans a unique way to own and access their podcasts. Additionally, it allows creators to track the performance of their podcasts, and to create a new way of engaging with their listeners, by offering exclusive and limited access to their content. It also allows for easy tracking of the revenue generated from the podcast, and for the creators to have a direct relationship with their audience.
FanToken Request Form - Live
The Sinfonia's FanToken Request Form is an online form that allows musicians, bands, record labels, and other music-related entities to apply for the creation of their own FanToken on the Sinfonia platform.
The FanToken Request Form typically includes fields for the following information:
Applicant's name and contact information
Description of the artist, band, or label
Description of the FanToken, including its purpose and intended use
Information about the team behind the FanToken
Financial information, such as projected budget and funding sources
Marketing and engagement plan for the FanToken
Other relevant information
The FanToken Request Form is an important tool for the Sinfonia platform, as it allows the platform to evaluate the potential of each applicant, and to determine whether the FanToken is a good fit for the platform. Once the form is submitted, the Sinfonia team will review the application, and if approved, will work with the applicants to create the FanToken and list it on the platform.
The FanToken Request Form is a key step in the process of creating a FanToken, and it is an important tool for artists, bands, record labels, and other music-related entities to connect with their fans and to raise funds for their projects. It also allows the Sinfonia platform to onboard more artists, bands, and labels, and to expand its offerings.
Trading Competition - February '23
A FanToken and NFTs Trading Competition on Sinfonia is a competition where users can trade Fan Tokens and NFTs, which represent fan-controlled assets of a specific artist, club, label or other music industry's entity. In this competition, users can buy and sell Fan Tokens and NFTs in a simulated trading environment, and the users with the highest returns at the end of the competition are the winners. This competition allows fans to show their support for their favorite team while also allowing them to participate in the growing world of NFT/FanTokens trading.
New incentives on Sinfonia Pools - January '23
When gauges on Sinfonia are renewed, it typically means that the platform is updating its parameters for determining liquidity mining rewards. These gauges are typically used to measure how much liquidity a user has provided to the exchange, and can include metrics such as the total value locked (TVL) in a liquidity pool, the number of trades executed, or the time a user has provided liquidity.
Renewing these gauges can also mean that the platform is updating its reward structure for liquidity providers, for example by increasing or decreasing the amount of rewards for certain metrics, or by adding new metrics for determining rewards.
It can also mean that the exchange is updating its rules for participating in liquidity mining, for example by setting new minimum or maximum balance requirements, or by introducing new pools for different assets.
In summary, when gauges on a DEX are renewed, it means that the exchange is updating its parameters for determining liquidity mining rewards, which can include changes in the reward structure, the metrics used to measure liquidity, or the rules for participating in liquidity mining.
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