AI-powered

Music Royalty Exchange

Music Royalty Exchange

Solutions to major music market problems:

Problem 1:
Presently, it’s nearly impossible for new, unsigned talent to create buzz without a significant promo budget to go viral
Solution:
WAVEX
Talent Discovery AI (TDAI) employs machine learning to identify emerging talent.

Problem 2:
Music streamers face difficulties accurately matching music to their listeners’ taste due to un-holistic music recommendation algorithms relying on a very limited data set.
Solution:
WAVEX
Music Promotion AI (MPAI) uses machine learning to define the most taste-matching audience for the discovered artists; then, it promotes the emerging ones to fans through streaming services and social media.

Problem 3:
There is no efficient marketplace allowing music consumers to capitalize on their favorite music artists and songs.
Solution:
WAVEX AI-powered Marketplace provides an ultimate AI-powered marketplace for general public and emerging artists to buy and sell music IP rights.

What does WAVEX do:

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Step 1: Creators and their IP rights owners submit music to the market.

Step 2: Talent Discovery AI Engine (TDAI) receives play count over streamers’ APIs and discovers promising tracks and artists.

Step 3: Promising artists are submitted to Music Promotion AI Engine (MPAI) to establish perfect match with music lovers’ taste.

Step 4: Music lovers receive matching recommendations and exchange received music with their peers programmatically, thus generating a WAVE of popularity.

Step 5: The IP rights for the new emerging music items above are placed for trading* on WAVEX Marketplace.

Step 6: Fans and retail investors make profits and support the emerging artists by buying and selling their IP rights on the exchange.

How does WAVEX do it:

Talent Discovery:

WAVEX TDAI provides proven hit song prediction to identify emerging artist trends and discover promising artists and songs.

While most previous models formulate hit song prediction as a regression or classification challenge, WAVEX TDAI is a Convolutional Neural Network (CNN) that treats it as a ranking challenge.

tdai
tdai

Music Promotion:

  • WAVEX MPAI considers each person as a point in a multidimensional music space. The person’s “position” in this space is precisely defined by a computed set of coordinates derived from the music choices made by the person within streaming services and social media.

  • MPAI registers individual music choices such as Likes, Shares and Downloads, analyzes music tags and computes unique positions for all persons in the space.

  • MPAI computes distances between individual persons’ positions and defines the peer group made of the like-minded people.

  • As a result, the most suitable music recommendations are being distributed virally through the streaming communities and social media.

Moneymaking:

  • WAVEX Marketplace is open for a broad range of independent and corporate music IP rights owners: artists and record labels; big players such as TuneCore or Warner Music Group; as well as for fans and general public of all ages*

  • WAVEX Marketplace makes it possible for music lovers to support their favorite artists by buying equity in their IP rights portfolio as a commodity and receive revenue from the royalties paid by music distributors.

  • The royalty market volatility on WAVEX Marketplace is derived from the fact that the music streaming/listening time is a finite value, so the new hits are displacing the older ones while any older one can come back in popularity at any time, thus making it attractive to speculatory investors and day traders to buy and sell shares in music IP rights.

  • Empowered by unprecedented talent discovery and music promotion mechanisms (TDAI & MPAI), WAVEX Marketplace provides IP rights owners, music lovers and speculative investors with the turn-key solution to capitalize on the music market.

*Note: Underage investors are allowed by law to conduct financial transactions through their respective Custodial Accounts.

How does it look like for the user:

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Who benefits, and how: WIN-WIN FOR ALL!

Creators / Performers / Record Labels

Emerging artists virally promoted through the streaming services and social media are gaining vast popularity fast and raising funds from their fans on the WAVEX Marketplace.

User Engagement Fee for Social Media Apps

To boost advertising exposure, social media apps should increase the in-network timespan by their subscribers. By exchanging fresh music recommendations between unfamiliar people, WAVEX would generate at least 7 billion new engagements a year for 400 million socializing music lovers.

$0.10 per each new engagement yields additional annual $80 CPM revenue for social media apps while producing over $700 million annual market depth for WAVEX.

Speculatory Investors / Day Traders

For stock, commodities, and all other financial markets community, WAVEX reveals fresh, AI-powered and high volatility trading instruments to buy and sell, thus providing for additional diversification of their trading portfolios.

Music retailers and IP owners

By subscribing to WAVEX Music Recommendation API, music streamers such as YouTube, Spotify, Amazon, or Apple Music provide their listeners with the perfectly matching music suggestions, thus increasing the level of client engagement and appreciation to stay ahead of the competition.  Large IP owners such as Warner Music, UMG and Sony gain justified AI-supported decisions for emerging artists IP rights, as well as the viral promotions of the content they own.

Social Media / Dating Apps

Through the WAVEX Music Recommendation API, social media such as Facebook and Instagram, as well as dating services such as Bumble, Hinge, or Tinder provide instant rapport and common ground for vis-à-vis due to guaranteed shared interests and cultural tastes, thus highly increasing the user-to-user traffic, improving the user engagement leading to efficiency and profitability of advertising

Market depth assessment: sources of revenue:

Exchange Transaction Fee

An estimated 23.5 million songs are uploaded annually to Spotify. An average raise of $2K for a Pink Sheet listing provides for about $47 billion annual raise through the exchange. If taking 15% exchange commission, that’s $7 billion in a pre-tax annual net.

Listing Fee for Performers / Record Labels

20 million artists share their music on SoundCloud looking for recognition and effective promotion. WAVEX is going to charge at least $100 annual listing fee, which corresponds to $2 billion annual market depth.

User Engagement Fee for Social Media Apps

To boost advertising exposure, social media apps should increase the in-network timespan by their subscribers. By exchanging fresh music recommendations between unfamiliar people, WAVEX would generate at least 7 billion new engagements a year for 400 million socializing music lovers.

$0.10 per each new engagement yields additional annual $80 CPM revenue for social media apps while producing over $700 million annual market depth for WAVEX.

Annual Subscription Fee for Music Lovers

According to statista.com, there are over 400 million music streaming subscribers worldwide. WAVEX is planning to charge them as low as $10 annual subscription fee, which corresponds to $4 billion annual market depth.

streamers

Music Recommendation Fee for Streamers

Music streamers such as Spotify or Apple Music are looking for ways to improve music recommendations for their subscribers. There are over 400 million music streaming subscribers worldwide. WAVEX is planning to charge as low as $0.001 per recommendation. In average, the music lover receives about 1,500 music recommendations a year, which corresponds to $600 million annual market depth.

The are other sources of revenue such as Advertising: the pricing models are TBD.

Competition:

competition

Competitive advantage:

There are digital marketplaces on the music market such as Royalty Exchange, or GlobalRockStar, allowing creators to sell and investors to buy music IP rights. Period — none of them do anything else but providing buy and sell capabilities.

At that, investors will not get any prompt on what to buy, while the emerging artists — the potential IP sellers — are not able to reach buyers. As a result, neither creators, nor their fans / investors get what they deserve.

While there are a number of significant competitors, none appears to provide the unique range of services being offered by ECHOTAG. The following chart shows the ECHOTAG advantage by comparing the key service features with other providers specializing in ACR.

WAVEX is aimed to change the game:

    1. WAVEX patent pending Talent Discovery AI identifies the new emerging artists early, thus ensuring their recognition by the fans.

    2. WAVEX patent pending Music Promotion AI promotes new music to its lovers through streaming and social media.

    3. WAVEX Music Royalty Exchange provides an ultimate AI-powered Marketplace for general public and emerging artists to buy and sell music IP rights.
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