
The music industry is ripe for a Web3 revolution. Artists seek new revenue streams, and fans crave a deeper connection to the music they love. SongBits is a platform built by iBriz.ai to meet this demand, creating a new marketplace where users can own “bits” of their favorite songs.
This isn’t just about collecting NFTs; it’s about participating in the music economy itself.
SongBits: Own a Piece of the Sound
The platform allows the SongBits entity to mint a main NFT representing a song. This NFT is then fractionalized, allowing users to purchase “bits” representing a stake in the song. Each purchase is represented by a unique NFT, proving ownership of their portion.
The iBriz.ai Technical Edge:
- Complex Fractionalization Logic: We designed and implemented the core smart contract that handles the complex logic of minting a main NFT and then allowing for the secure, verifiable fractionalization of its ownership.
- Secure Kiosk Integration for User Assets: Every “bit” a user owns is an NFT that is locked securely in their personal Sui Kiosk. This is a critical feature that ensures users have true, self-sovereign ownership of their assets, protected from platform risk.
- Scalable Architecture: The entire system was architected to be scalable, capable of handling thousands of songs and millions of individual “bits,” each with its own unique ownership record on the Sui blockchain.
The Business Impact:
SongBits showcases iBriz.ai’s ability to build for the next frontier of digital assets. We have the foresight to see where the market is going and the technical skill to build the complex infrastructure required to get there. For any founder or company looking to pioneer new models of ownership on Sui, whether in music, real estate, or any other asset class, iBriz.ai has already proven we can build it.