Radiohead

The music industry is consolidated around a handful of major
streaming platforms that do not have the artist’s best interest in
mind. Additionally, record labels essentially extract the maximum value
by providing the initial investment for recording and promoting the
artist. However, the earliest fans who believe the most don't get to
share the artist’s later success.

We created a decentralised music marketplace, Radiohead, that
allows artists to list their NFT songs and set their preferred revenue
distribution, including artist, platform and super-fans. Super-fans can
mint limited edition NFTs representing a stake in future revenue and
exclusive access, while regular fans can mint NFTs of songs as
collectible mementos with cover art and audio stored on a
decentralized network, IPFS.

We have chosen to use ERC-1155 as a standard interface for
managing fungible and non-fungible tokens. With ERC-1155, we can
efficiently manage multiple types of tokens within a single contract.
This means that we can take care of both super-fans token (limited
NFTs) and regular fans (unlimited fungible tokens) within a single
contract. This simplifies the overall system architecture and makes it
easier to manage for users.

Key Features
• Direct transactions between artists and fans
• Revenue distribution options for artists, platform, and super fans
• Limited Edition NFTs representing a stake in future revenue and/
or exclusive access
• Collectible NFTs of songs with cover art and audio stored on the
decentralized network IPFS
• Full control and ownership of music for users

Fee Structure
Radiohead charges a fee for each transaction on the platform. The fee
structure is as follows:
• Super Fans: Minting a Limited Edition NFT will incur a fee, and the
minters will receive a portion of revenue from future song sales.
• Regular Fans: Access rights and playback are free, and it also
gets you an NFT. The issuance is unlimited.

Repo: https://github.com/growindiedev/radiohead