The Problem:
Emerging musicians struggle to secure funding through traditional record labels, which often take significant creative control and a large share of future earnings. Fans, who are the earliest and most passionate supporters, have no way to financially invest in an artist's journey beyond buying merchandise or concert tickets.
Our Solution: FanVest Protocol
FanVest is a decentralized crowdfunding platform that transforms fans from passive listeners into active stakeholders in an artist's success. We empower communities to collectively fund the artists they believe in, creating a new, transparent, and mutually beneficial economic model for the music industry.
How It Works:
- Fans Pool Capital: Fans discover an indie artist on the platform and contribute stablecoins (like USDC) to their funding pool. In return, they receive Fan LP tokens, representing their share of the pool's assets.
- DeFi-Powered Growth: The pooled capital is automatically deposited into a trusted, low-risk DeFi lending protocol (like Aave) to earn interest. This allows the community's treasury to grow passively, creating a larger funding amount for the artist.
- Funding the Artist: Once the campaign goal is met, the artist claims the entire fund—both the principal contributions and the accrued interest—to finance their next album, tour, or project.
- Sharing in the Success: In exchange for the capital, the fan pool receives a tokenized share of the artist's future streaming royalties. As the artist's music generates revenue, those earnings are distributed back to the fans who hold the LP tokens, rewarding them for their early belief and investment.