The Allfeat blockchain is dedicated to the world of music. This open source infrastructure is designed specifically to enrich the experience of artists, fans and music professionals, providing industry-relevant functionality and adding value to artistic promotion.
What is the Allfeat ecosystem?
Allfeat_labs supports artists’ marketing with a personalized space that integrates all their digital solutions. To achieve this integration of artist and fan, Allfeat_labs uses the Allfeat blockchain, which seamlessly connects all applications.
Allfeat is the first blockchain specifically designed to improve the music industry’s business model by meeting the needs of music creators and consumers through a secure network open to all. This layer 1 infrastructure is an ecosystem that offers to host a variety of interoperable applications designed to promote music creation and increase its value.
Thanks to this blockchain, which will be launched in March 2024 at Paris Blockchain Week, artists will be able to use applications to organize promotional campaigns, manage merchandising, develop marketing strategies, collect royalties, create VIP access for their fans, and distribute their works via streaming and all other value propositions.
To ensure all these activities, anyone can develop applications on the Allfeat blockchain and participate in the creation of a Web3 ecosystem entirely dedicated to the music industry.
Through blockchain technology, Allfeat offers a unique space in which the music industry can promote its productions, while benefiting from an open source network that links fans, musicians and works together.
“Allfeat” is a contraction of “All”, meaning “everything”, and “featuring”, a term used to designate collaboration between artists. The name symbolizes the idea of union and symbiosis between players in the music industry through Allfeat’s “Share, Care, Dare” values.
The Allfeat logo symbolizes the interoperability between the 3 main components of the music industry: fans, artists and works. It visually represents the integration and harmonious interaction between these different parties, illustrating Allfeat’s mission to facilitate and secure exchanges within its blockchain.
What the Allfeat ecosystem brings to the music industry
The thinking behind Allfeat’s 2 founders is to offer a single infrastructure for the entire music industry, notwithstanding the technological challenges.
Allfeat is currently a blockchain built with Substrate, a toolbox that has notably been used in the development of Polkadot (DOT) and Chainlink (LINK). The founders’ intention is to make Allfeat’s infrastructure interoperable with Polkadot and Cosmos, while embedding Ethereum Virtual Machine-compatible applications via dedicated modules.
By relying on blockchain technology, Allfeat benefits from these characteristics: traceability, decentralization and interoperability. If these qualities have been advantageous for certain industries such as notary or logistics, they could also benefit music to overcome its current limitations:
- Decentralized governance to reduce the number of intermediaries and target needs;
- Lower transaction costs to increase the value redistributed to creators;
- Faster transfers: better access to information;
- High level of security and intellectual property;
- Impossibility of modifying transaction data and information;
- Data traceability / monitoring and accessibility.
The majority of Allfeat’s smart contracts are pre-redacted and integrated into the blockchain via modules. They are, in a way, the basic agreements on which the complex structure of the Allfeat blockchain is based. This method, which fuses simplicity and security, is a testament to Allfeat’s ability to harmonize technical requirements with user needs.
Allfeat aspires to create a decentralized governed ecosystem, where every decision is made by a decentralized autonomous organization (DAO). Allfeat_Foundation, located in Zug, Switzerland, will oversee the management of this blockchain based on the DAO, and enforce the policies initially established for grants, nodes and airdrops.
The Allfeat blockchain will facilitate the interaction of applications within an environment that is secure, transparent, decentralized and constantly evolving. Currently, 8 applications have already been integrated into the Allfeat blockchain
Allfeat encourages innovation by offering grants to developers of new projects. Funding application projects on their network helps attract new users and bring them to life.
By offering low-cost hosting for projects wishing to develop on its blockchain, Allfeat considerably simplifies the process of bringing applications to market, preventing any risk of overloading and sharply increasing costs, as well as momentary stoppages in the infrastructure, worries common to some blockchains.
Allfeat uses code that is common to the Web3 protocols already in use, a bridge between Solidity and Rust, and an SDK to simplify application development and easily attract developers.
A crucial point for this blockchain is interoperability. Indeed, Allfeat aims to become a meeting point for all creators of musical projects, enabling each player to create an application or even layer 2s dedicated to a specific service.
What’s the AFT token for?
Allfeat adopts the Nominated Proof-of-Stake (NPoS) validation method, an energy-efficient consensus that enables AFT token holders to participate in securing the network while earning interest through staking.
Allfeat’s governance structure includes a board of directors, a professional council for artists and music professionals, and a technical committee for emergency situations. This decentralized governance aims for fair and efficient management, actively involving users in decision-making.
The Allfeat AFT token has 3 main functions:
- Governance: AFT token holders have full control over the protocol, managing major events such as updates;
- Staking: staking your AFT tokens allows you to participate in the smooth running of the Allfeat blockchain and generate a regular return;
- Functioning of the blockchain: AFT tokens help secure the Allfeat infrastructure.
This triple functionality makes the AFT token a central element of the Allfeat ecosystem, facilitating engagement and securing the platform.
Based in Zug, Switzerland, the Allfeat_Foundation enables the governance of a decentralized autonomous organization and offers the music community a secure, shared network. Several players, including Alyra, ICART and Wiseband, are already contributing to the operation of the Allfeat blockchain via the deployment of a node.
The Allfeat Discord server provides information on the blockchain’s infrastructure and technical developments.
What is the vision of Allfeat_labs?
Under the co-direction of Loïs Lagoutte, its CTO, and Jean-Christophe Barat, its CEO, Allfeat_labs aims to create a scalable network capable of integrating a multitude of Web3 applications for music.
Allfeat_labs offers tools to meet the industry’s unique challenges, as well as detailed training on the various applications of blockchain in the music industry.
The aim is twofold: to facilitate the adoption of these technologies by industry players and to improve the user experience, making blockchain more accessible and tailored to the specific requirements of the music industry.
In order to enrich its ecosystem, Allfeat_labs is looking for music projects wishing to join the network. Developers are encouraged to independently exploit the documentation and software development kit (SDK) provided by Allfeat_fondation to create innovative tools likely to revolutionize the world of musicians.
Here are a few examples of applications created on the Allfeat blockchain:
- Made Of Sound: a music merchandising platform, allowing artists to have control over their music and engage fans with rewards, while guaranteeing product authenticity;
- Minted Waves: a platform enabling artists to create and market their musical NFTs, while allowing fans to buy, collect and trade these works;
- NF-Ticket: a music ticketing platform that enhances security and customer experience, and converts services and products into NFTs;
- METACARD: a platform offering gift cards in NFT, enabling artists to promote their musical projects;
- Artys Network: an ecosystem of features to enable artists to earn fairer remuneration by improving the streaming business model;
- Indecrew: a platform that supports artists in promoting their projects;
- Recall By: a marketing agency merging music and Web3. Enables avant-garde musical formats and privileged, authenticated and enriched customer experiences.
Technical and music industry players interested in collaborating with Allfeat or developing their own decentralized applications are invited to get in touch via the Allfeat_Fondation Discord or Element, an encrypted, decentralized communication network.
The Allfeat ecosystem, through its open source blockchain and upcoming application services, offers a unique opportunity for music and technology enthusiasts to participate in the development of an innovative platform, shared by all, which aims to bring significant advances in the production, distribution and consumption of music.
