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Development of a Stock Market Application for Music Creators and Fans
  1. case
  2. Development of a Stock Market Application for Music Creators and Fans

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Development of a Stock Market Application for Music Creators and Fans

sevencollab
Media
Financial services
Gaming
Consumer products & services

Challenge

Musicians often struggle to monetize their work effectively, especially emerging artists. Fans lack direct and engaging ways to support their favorite creators and potentially benefit from their success. Existing music streaming services don't offer a mechanism for fans to directly invest in artists and share in their future revenue.

About the Client

A startup aiming to revolutionize the music industry by connecting musicians with fans through a novel stock-based investment model.

Goals

  • Develop a fully functional stock market application for songs and music streaming.
  • Enable fans to invest in songs and potentially earn returns based on the song's popularity and success.
  • Provide musicians with a new revenue stream and a direct connection to their fanbase.
  • Create a transparent and accessible platform for music investment.
  • Implement a user-friendly interface for both musicians and fans.

System Functionality

  • Song share creation and management
  • Real-time stock price tracking
  • Investment and trading functionality
  • Music streaming service integration
  • Secure billing and payment processing
  • User account management (musicians and fans)
  • Reporting and analytics for musicians
  • OpenMarket integration for stock operations

Technology Stack

Laravel
Node.js
MySQL
Socket.IO
jQuery
Bootstrap
FlotCharts
Stripe

External Integrations

  • Stripe (for payment processing)
  • Music Streaming Service API (for song streaming)

Non-Functional Requirements

  • Scalability to handle a growing user base and song library
  • High availability and reliability
  • Secure storage of user data and financial information
  • Performance optimization for real-time stock price updates
  • User-friendly and intuitive interface

Expected Business Impact

This project is expected to significantly expand the revenue opportunities for musicians, foster a more engaged fanbase, and establish a novel financial model within the music industry. The platform will provide fans with a unique way to support artists and potentially profit from their success, creating a mutually beneficial ecosystem. It can also position the client as a pioneer in music finance.

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