White paper
Introduction
In recent years, the music industry has experienced massive disruption due to the rapid development of artificial intelligence (AI) and changes in consumer behavior. Advances in AI technology have significantly lowered the barriers for the general public to create music, reducing economic opportunities for most music artists. Additionally, traditional corporate advertising campaigns are facing challenges with low user engagement. Other issues plaguing the industry include copyright problems, creative block, and high costs of promotion and marketing.
To address these challenges, Fireverse offers an innovative solution. As an AI-driven music generation platform, Fireverse enables professionals like artists and marketers to generate, market, and monetize music through a Web3.0 business model that incentivizes user participation in a gamified manner. Fireverse also provides one-click AI music processing tools, allowing amateur music enthusiasts to easily create high-quality masterpieces and earn revenue from them. The platform offers increased traffic, engagement, and monetization opportunities for both amateur and professional music artists, creating a new ecosystem for music creation and marketing.
Vision
The booming crypto market is channeling more funds and attention to high-growth areas like Web3 music. Artists exploring new platforms and revenue models will drive innovation in Web3 music. Success stories will enhance public acceptance, attracting more artists and fans, and fueling the industry's growth.
Fireverse's vision is to advance the Web3 music industry through innovative technology and business models, transforming music creation and marketing by generating, enhancing, monetizing, and promoting music.
AI Music Generation: Utilizing advanced artificial intelligence technology to help users easily create high-quality music.
Professional Tools: Providing creators with professional tools for music creation and editing to enhance the quality and diversity of their work.
Gamification and Campaign Building: Increasing user engagement and interaction through gamified elements and campaign-building tools.
Traffic Generation: Assisting artists and marketers in attracting more listeners and fans to boost the exposure and reach of their music.
Project Overview
Fireverse is a revolutionary music creation platform dedicated to transforming the industry through cutting-edge artificial intelligence and decentralized blockchain solutions. Fireverse redefines the music landscape, empowering both professional and amateur musicians to create, share, and profit from their unique compositions.
Key Features:
Value-Added Services
Fireverse offers capabilities for generating, distributing, and monetizing AI-generated music. Users can promote their music through various channels and license original songs for creative projects.
Listen & Share to Earn
On Fireverse, users earn points by listening to and sharing music. These points can be converted into tokens for additional rewards, with new discoveries waiting with every listen!
Global Competitions & Ambassadors
Fireverse supports global music competitions and ambassador programs, designed to showcase your talent and connect you with a broader audience. Explore opportunities to stand out and engage with the music community.
Autonomous Release & Blockchain Protection
On Fireverse, users have the tools to independently release and promote your music using platform points. Our blockchain technology also ensures robust copyright protection for your creations. Enjoy full control and security for your work.
Fireverse will ignite your music universe with AI-powered creations, engaging 5 million users.
Core Tech
Fireverse leverages cutting-edge AI technologies to drive innovation in music creation. We extensively research Convolutional Neural Networks (CNNs), Recurrent Neural Networks (RNNs), and Transformer models, utilizing their advantages in music generation and processing.
Generative Adversarial Networks (GANs): Through adversarial training between a generator and a discriminator, GANs generate high-quality music compositions. This approach enhances the creative quality of music and provides a broader range of diversity and innovation.
Recurrent Neural Networks (RNNs) and Long Short-Term Memory Networks (LSTMs): RNNs and LSTMs are particularly suited for handling sequential data, which is crucial for music generation and prediction. LSTMs address the gradient vanishing problem in traditional RNNs through their memory cells, improving the continuity and stability of music creation.
Transformer Models: Transformer models use self-attention mechanisms to process sequential data, capturing long-term dependencies in music. This technology enhances the quality and consistency of music generation.
Core Components
One-Click AI Music Generation Tools
Fireverse offers a powerful set of AI music creation and editing tools designed to simplify the user experience. The user interface of Fireverse is highly intuitive, allowing users to describe their music concepts through simple text prompts, which Fireverse quickly brings to life. Both beginners and experienced music creators can easily use Fireverse for music creation.
Fireverse is equipped with a robust AI engine capable of handling various music styles and genres. Users can start the creation process by inputting text, audio clips, and other content, and easily adjust different elements within the music. In addition to generating music, Fireverse provides a variety of music editing features, including text-to-music and audio-to-music transformations, meeting the diverse creative needs of users.
Listen, Share and Earn Platform
Fireverse addresses the imbalance found in traditional Web2 platforms, where users create a significant amount of content but rarely share in the profits. Leveraging Web3 technology, Fireverse ensures that participants benefit most from their contributions. By listening to and sharing music, users generate substantial value for the platform, which is then returned to them in the form of tokens, maximizing their rewards while maintaining minimal operational costs.
Fireverse's "Listen, Share and Earn" platform enhances user engagement by integrating reward mechanisms directly into the music listening and interaction experience. Users are not just consumers but active participants, earning rewards through listening, sharing, and interacting with the platform.
Professional Music Distribution and Promotion
Fireverse has extensive resources in the music industry and has established close partnerships with many renowned music companies and distribution platforms. These partnerships provide us with direct access to a vast array of music resources, including popular tracks of various styles and genres, independent music works, and classic compositions. This rich library not only offers users a diverse selection of music but also provides valuable material and inspiration for creators on our platform.
Blockchain-based Copyright Protection
Fireverse uses blockchain-based smart contracts to automate the management of creators' workflows and revenue distribution. This ensures fair earnings for creators and transparent management of copyrights and revenues. Users can enjoy premium content and earn rewards through interaction.
Customer Journey
The structured customer journey of Fireverse is designed to maximize user engagement and retention while providing marketers with effective tools to promote music and interact with the community.
For Users
Register: Users begin their journey by registering on the Fireverse platform, creating an account to access various features and tools.
Win Rewards: Engage in platform activities to earn rewards, fostering user participation and retention.
Generate Music: Utilize Fireverse’s AI-powered tools to create original music, enhancing creativity and music production capabilities.
Participate in Campaigns: Join various campaigns and challenges to showcase their music, collaborate with other artists, and gain exposure.
Listen and Promote Music: Explore, listen to, and promote their own music as well as music created by other users, fostering a supportive community.
Potential Monetization: Unlock opportunities for monetization through music sales, promotions, and participation in campaigns, allowing users to earn from their creativity.
For Marketer
Register: Marketers register on Fireverse to access tools and features designed for music promotion and campaign management.
Start Campaign/Challenge: Launch a campaign or challenge by setting rewards and terms to engage the community and promote selected music.
Start Channel: Create a dedicated channel on the platform to build a brand presence and engage directly with the music community.
Engage Community Weekly: Maintain a strong connection with the community through regular updates, interactions, and engagement activities.
Choose Music and/or Generate Music Video: Select suitable music tracks and optionally create music videos to enhance marketing efforts.
Reward/Giveaway/Purchase Music IP: Offer rewards, conduct giveaways, or purchase music intellectual property (IP) to incentivize participation and enhance campaign success.
Poins System
Fireverse's points system incentivizes user engagement and creativity through both active and passive methods. Points can be accumulated and may qualify users for token airdrops based on their ranking. The system operates as follows:
Active Earning Methods:
Listening to Music: Earn points by listening to songs.
Uploading Original Music: Earn points for uploading original music or creating music with AI tools.
Completing Tasks: Earn points by completing daily and growth tasks set by the platform.
Team Participation: Join teams and earn points by contributing through activities like music creation and task completion.
Referrals and Level Advancement: Earn points by referring new users and leveling up, which increases daily points earning limits and benefits.
Passive Earning Methods:
Content Engagement: Earn points when your music is listened to, liked, or shared.
Commercial Use: Earn points if your music is commercially used, such as for IP purchases or promotional purposes.
*Tokens will be airdropped in the future based on points rankings.
Tokenomics
Token Utility
$FNR is the native token of Fireverse and is designed to serve multiple purposes within the platform.
Purchase of Digital and Physical Goods: Tokens can be used to buy various digital assets and rights within the platform, such as virtual items, in-game props, lottery tickets, and even physical goods. This encourages a robust digital economy where users can leverage tokens for diverse needs and preferences.
Acquisition of Music Rights and Digital Albums: Users can utilize tokens to purchase song copyrights and digital albums, enabling them to own exclusive digital music rights. This functionality empowers users to directly support their favorite artists and invest in music content within the Fireverse ecosystem.
Promotion and Marketing of Creations: Tokens can be used for traffic exposure and promotional activities. Users have the option to promote their own works, those of other users, or content created by their chosen teams. Additionally, they can offer bounties to incentivize others to listen to specific tracks, thus driving engagement and visibility within the community.
Rewarding Favorite Content: Users can use tokens to reward content they enjoy. This tipping system allows users to support their favorite creators directly, fostering a positive and supportive community where high-quality content is recognized and encouraged.
Token Allocation and Vesting
Rewards: 40%
Lock-up 6 months linearly
Team & Advisor: 20%
Lock-up 12 months remain 36 months linearly
Token Sales: 20%
TGE 10%, Lock-up for 6 months, remain 18months linearly, 24 months full
Ecosystem: 5%
Lock-up 12 months remain 12 months linearly
Foundation: 8%
Lock-up 12 months remain 12 months linearly
Liquidity: 4%
No Lock-up
Marketing Fund: 3%
No Lock-up remain 12 months linearly
NFT
Fireverse integrates NFTs (Non-Fungible Tokens) into its platform ecosystem in an innovative way. The platform will issue NFTs based on well-known character stories, such as a band led by "Wukong" as the captain, with other characters forming the band members. In addition to this band, users can also create or join other different bands.
Users can choose to join their favorite band team and create songs for the team on the platform. These songs can be generated through AI or be original works by the users. By creating and participating, users can share in the Token reward pool provided by the platform. To increase their share of the reward pool, users can also choose to stake their NFTs. The more NFTs a user stakes, the larger their share of the reward pool.
Team and Backers
Core Team
Fireverse's team combines deep expertise in music market strategy and advanced technology, with strong backgrounds in both industry-leading practices and innovative research.
TY (Co-Founder）
A seasoned business strategist and an investor in Web 3.0 since 2017, Ignious has served as advisor to several innovative companies in the TMT sector.
Jay Huang (Co-Founder)
Jay has 8 years of Internet industry experience and is a graduate of Rice University. He has rich experience in researching artificial intelligence (AI) technology and blockchain.
Jay has held senior positions at some of the world's leading technology companies and has a wealth of technical and management experience.
Ray Yu (CMO)
Ray Yu holds a Bachelor's degree in Economics from the Australian National University and a Master's degree in Psychology from Monash University, Australia.
Ray has a keen insight into the music market and excellent marketing strategy planning ability, and has worked as a music department manager in several top music companies.
William Yang (COO)
William Yang holds double Bachelor's degree in both Economics and Finance from the Australian National University and a Master's degree in studies of media arts as well.
William has a keen insight into the social media market and fintech industry. has joined web3 blockchain industry since 2017 and worded in top tier NFT company and media institutions in mainland China.
He has been through ICO, Defi summer, and the NFT bull market, and also participated heavily in the current meme coin bull period.
Jamine (Business Development)
Jasmine is a seasoned business development expert with over 6 years of experience in the blockchain and Web3 space. Previously, she led strategic partnerships, driving growth and innovation. She has a proven track record of navigating complex markets and fostering relationships with key stakeholders. Passionate about decentralized technologies, she is committed to advancing our mission of creating accessible and user-friendly Web3 solutions.
Jasmine also holds a degree in Finance from Toronto and has contributed to multiple successful blockchain initiatives,like CasperLabs.
Backers and Cooperation
Nobody (@realnobodyxyz)
Fireverse collaborates with Nobody, enabling users to remix and create derivative works using Nobody's music copyrights. Emphasizing "joy," "creation," and "sharing," Nobody fosters openness and inclusivity, encouraging diverse and vibrant content. Users benefit from top IP and access to key creators in the Nobody community. Film copyrights include, but are not limited to, Stephen Chow's Mermaid 2 and Shaolin Women's Soccer.
Central Research (@CentralResearc3)
Fireverse receives incubation support from Central Research, a Hong Kong-based organization specializing in Web 3.0 investment and research. Central Research provides global investment and incubation services, including their flagship Big Demo Day events.
Roadmap
Short-Term(Oct 2024 - Mar 2025)
Beta Launch (October 2024): Launch the Beta version of Fireverse to attract early adopters and gather user feedback.
Increase User Traction: Boost user engagement through the "Campaign Builder" and "Listen, Share, Earn" model.
Launch Fireverse Pro: Introduce Fireverse Pro for seasoned music artists, offering advanced features and tools.
Exchange Listing (No later than March 2025): List Fireverse on major cryptocurrency exchanges to enhance market presence and user base.
Mid-Term (2025)
IP Co-Sharing: Collaborate with music creators on intellectual property co-sharing to diversify revenue.
Music Marketing Fees: Offer music marketing services and charge fees to further expand revenue streams.
Artist Management: Provide comprehensive artist management services to support creators in their careers.
In-House Music Generation: Develop in-house music generation capabilities, including background music (BGM) and other formats, to enhance platform offerings.
Long-Term(2026 and Beyond)
Artist Ecosystem: Establish a comprehensive artist ecosystem that covers all aspects from creation and promotion to career development. By providing customized management services, resource connections, and global market expansion, we aim to support artists in shining on the global stage.
Innovative Music Production Hub: Evolve into an integrated AI-driven music production hub that encompasses a wide range of music formats and styles, further enhancing the platform's capabilities for original music generation. Through an in-house creative team and advanced technological methods, we provide users with a rich variety of music content, empowering creators to explore limitless possibilities and reshape the future of the music industry.
Socials
Fireverse is redefining the music industry by empowering both professional and amateur musicians to create, share, and monetize their unique compositions.
With a global music community of over 5 million users, Fireverse is excited to welcome even more participants from around the world!
For the latest updates, visit our website and follow or join our communities:
Website | X(Formerly Twitter) | Telegram | Youtube | Medium
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