Web3 Music Platform Sonorus: Reshaping Music Discovery and Distribution Models

Sonorus is an innovative Web3 music platform aimed at revolutionizing the way music is discovered and distributed by utilizing blockchain technology and NFTs. The platform offers music enthusiasts a unique opportunity to earn $RUS token rewards by collecting and recommending their favorite songs. At the same time, Sonorus plans to provide a dedicated portal for music creators, enabling them to mint their works as NFTs, set streaming prices, allocate incentives, and manage streaming revenue for their NFT music.

Core Functions and Features of Sonorus

1. Music Launchpad: Artists can nominate their works to be included in the platform directory, and must reach specific milestones to be selected, ensuring collaborative promotion of music. Successfully selected artists will start earning revenue shares for their music.

2. Decentralized Music Chart: Through the popularity score mechanism, Sonorus has created a dynamic and decentralized music ranking. This mechanism prioritizes genuine popularity and user engagement rather than relying on large companies or algorithms to determine rankings.

3. Fan-driven principle: Empower the community to influence music rankings, ensuring that the charts accurately reflect listener preferences. This approach makes Sonorus not only a Web3 music platform but also evolves into a comprehensive music social platform.

4. Decentralized System: Sonorus's system relies on the participation and preferences of actual users, focusing not only on play counts but also on the level of investment and support users have for the songs, which enhances the authenticity and fairness of the platform.

Team and Partners

Sonorus brings together professionals from diverse backgrounds in music, technology, media, and finance. The team members have extensive experience and innovative spirit, providing a diverse perspective and expertise for the platform's development.

In terms of partnerships, Sonorus has established collaborations with several well-known music platforms and institutions, including some mainstream music streaming services and major record companies. Additionally, the platform has partnered with various blockchain and NFT-related projects, as well as organizations dedicated to environmental protection and social responsibility.

Community Engagement

Sonorus has established a quite active community, with over 200,000 Twitter followers and around 50,000 Discord users. The platform's Twitter posts have an average view count of over 10,000, indicating high community engagement.

Originating from the Southeast Asian music market, Sonorus has expanded its business to Europe and North America, particularly attracting a large number of music users in North America.

Sustainability and Business Model

Sonorus measures the consensus of songs in the community through its unique Heat Rank system. The higher the heat score, the more $RUS token rewards supporters of the song receive daily. Users can collect song-based Record NFTs and enjoy $RUS token earnings based on their collection.

The platform has also launched a development plan for popular artists, helping talented artists gain promotion and rewards in the Web3 space. In the future, Sonorus has the potential to develop into a professional music financing platform.

The main sources of income include:

1. 10% of the release price of each record is allocated to the Sonorus team. 5% of the record trading within the platform is used as transaction fees.

This revenue structure is based on the core business of the music platform and has long-term stability.

Advantages and Challenges

Advantages:

1. Fan-centric strategy that empowers users with more rights
2. Increase the value of music works through NFT and token incentive mechanisms
3. Promote community participation and governance through the DAO model
4. Has social attributes, which is beneficial for expanding influence and user base.
5. The potential development of a music financial services platform.

Challenge:

1. Need to coordinate and compete with various parties in the traditional music industry.
2. Continuous innovation and optimization of product services to adapt to market changes and user needs.

Capital Situation

Sonorus has attracted the attention of several well-known investors, including:

• Hashkey: One of the early investors in Ethereum
• Mask: Important investors in the crypto world
• NCT: The largest music label in Southeast Asia
• Y to Z: One of the main investors in the metaverse

The addition of these investors not only provides funding support for Sonorus but also enhances its influence and recognition in the music industry and the Web3 space.

Token Economic Model

The Sonorus ecosystem has two main tokens: $RUS and SNS.

$RUS:

• Native token of the ecosystem
• Dynamic Supply
• Used to access platform services, participate in Heat Rank calculation and rewards, voting decisions, etc.

SNS:

• The main network token will be listed on the platform.
• DJ node holders can earn SNS rewards by sharing ecosystem revenue.

Comprehensive analysis shows that Sonorus has significant traffic advantages and clear monetization paths in the current market. Strong capital support guarantees the platform's long-term stable development. Based on these factors, we give Sonorus a score of 3.5 out of 5.