$HMKR Web3 Music Community Space 4/14

The Spaces delved into the ongoing development and challenges faced by Rex and his team while working on the Hitmaker project. Rex discussed collaborations with developers and protocols to ensure multi-chain functionality, focusing on zero-gas environments like Scale and others. He emphasized the importance of creating a seamless ecosystem for NFTs and audio files. The conversation also covered strategies for future-proofing the platform by effectively managing gas fees, node infrastructure, and tackling copyright issues. The aim is to craft a decentralized platform where users can efficiently monetize content.

Summary of Twitter Space Recording

Introduction

• Rex opens the community space discussion, outlining updates on development and future plans for the platform Hitmaker.

Development Updates

Partnerships and Development Acceleration

• Rex shares that they have partnered with Camp to accelerate development and have invited developers to assist with ongoing projects.
• There is an exploration to make Hitmaker multi-chain or chain-agnostic, which requires working with different protocols.

Multi-Chain Integration Challenges

• The team is looking to establish a persistent library of NFTs across multiple chains using a ledger connected to blockchain technology.
• Audio is stored through a partnership with Iris, ensuring documentation of NFTs and their corresponding files.
• Using Callipso and exploring avenues for scaling and making infrastructure chain-compatible (e.g., leveraging layer 0 technology).

Gas Fee Considerations

• There is a need to address the variability of gas fees on different chains, such as Polygon and Avalanche, which affects project feasibility.
• Options include embedding gas fees within transaction costs to streamline user experiences.

Ecosystem Creation

• It's not just about replicating the product across multiple chains but developing a cohesive ecosystem.
• Important considerations include streaming editions for songs, ensuring easy and cost-effective access for users.

Progress and Future Plans

Frontend and User Engagement

• Frontend development is proceeding well, enabling users to create albums and upload discographies.
• Efforts are being made to involve individuals with extensive audio libraries and copyrights.

Node Infrastructure

• Recurrent themes within Hitmaker involve developing a feasible node infrastructure to handle large volumes of audio data.
• The past approach had limitations, but new strategies are being explored to improve feasibility.

Copyright and Monetization

Intellectual Property Management

• Upon registering DSRC, content must be traceable and comply with copyright standards.
• Monetization requires validation through public addresses and records.

Subscription and Paywalls

• Exploring subscription methods and exclusive content for producers and engineers.
• Ensuring blockchain usage is justified and purposeful, enhancing decentralization and community-building.

Mobile Strategy

• The mobile version of Hitmaker is being designed to incorporate multiple chain options seamlessly.
• Implementing gas-free environments for easier user access on mobile platforms.

Community Engagement

Networking and Support

• Rex emphasizes the importance of networking within the community and with external creators.
• Regularly consults partners and stakeholders about ideas and directions.

Commitment and Passion

• Highlighting the dedication to continuous development, Rex expresses passion and dedication towards achieving product perfection.
• Regular updates and conversations are encouraged within the community to maintain engagement and progress.