Skyhitz
Skyhitz is a groundbreaking decentralized music platform that leverages blockchain technology to create a direct connection between artists and their fans. Operating on Stellar's Soroban smart contracts, Skyhitz functions as both a recording label and a marketplace, enabling users to discover new music, support artists, and even profit by investing in music NFTs. This platform aims to revolutionize music ownership and accessibility by empowering artists with full control over their creations and offering fans transparent access to exclusive releases.
Skyhitz integrates advanced features such as a money-based discovery system driven by user engagement metrics like streams, likes, and downloads, which influence NFT values and charts. The platform also includes a simplified wallet setup process accessible to those new to blockchain technology, allowing easy creation of digital wallets using just an email. Additionally, Skyhitz offers an investment mechanism where users can invest in music NFTs with as little as 0.31 XLM and earn returns based on the NFT's performance and interaction metrics.