SYSTEMS AND METHODS FOR AN ONLINE MUSIC MARKETPLACE

• US 20160358161A1
• Filed: 06/06/2016
• Published: 12/08/2016
• Est. Priority Date: 06/05/2015
• Status: Abandoned Application

• Current Assignee: Verona Holdings SEZC
• Original Assignee: PeerTracks Inc.
• Inventors: Cobban, Cdric, Corral, Edward
• Application Number:
  US15/174,943
• Publication Number:
  US 20160358161A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 20/0655 e-cash managed centrally
• CPC Class Codes: G06Q 20/36 using electronic wallets or electronic money safes
• CPC Class Codes: G06Q 30/0201 Market modelling; Market analysis; Collecting market data

Abstract

Systems and methods for a comprehensive online music marketplace are provided that increase the efficiency music sharing between artists and consumers. In one embodiment, a method may comprise, in response to a request from an artist, generating a desired number of artist tokens, transmitting the artist tokens to a first digital wallet of the artist device, and performing a digital transaction between a consumer device and the artist device. The digital transaction may include transferring an amount of cryptocurrency from a second digital wallet of the consumer device to the first digital wallet of the artist device, in exchange for one or more of artist tokens, artist produced songs, and artist merchandise. Further, in some examples, the method may additionally and/or alternatively comprise destroying a portion of the artist tokens based on one or more of the amount of cryptocurrency transferred from the second digital wallet, and a deduction percentage.

Claims

1. A method, comprising:

in response to a request from an artist via an artist device, generating a desired number of artist tokens;

transmitting the artist tokens to a first digital wallet of the artist device via a network;

performing a digital transaction between a consumer device and the artist device, where the digital transaction includes transferring an amount of cryptocurrency from a second digital wallet of the consumer device to the first digital wallet of the artist device, in exchange for one or more of artist tokens, artist produced songs, and artist merchandise;

destroying a portion of the artist tokens based on one or more of the amount of cryptocurrency transferred from the second digital wallet, and a deduction percentage;

recording the digital transaction on a block chain; and

displaying the digital transaction to a consumer device.

2. The method of claim 1 wherein the artist tokens are a type of cryptocurrency comprising both private and public keys.

3. The method of claim 1, where the artist merchandise includes digital tickets, promotional offers, and VIP passes.

4. The method of claim 1, where the artist produced songs are one or more of performed, produced and composed by the artist.

5. The method of claim 1, further comprising storing artist produced songs received from a plurality of artist devices in non-transitory memory on a server in wireless communication with the consumer device and artist device via a network.

6. The method of claim 1 further comprising, receiving a subscription fee from the consumer device in a form of cryptocurrency after the expiration of a subscription period.

7. The method of claim 6 further comprising, calculating a portion of the subscription fee to be transmitted to the first digital wallet of the artist device based on a proportion of a number of songs transmitted to the consumer device during the subscription period belonging to the artist, and where the portion of the subscription fee increases for increases in the proportion of the number of songs transmitted to the consumer device during the subscription period that belong to the artist.

8. The method of claim 1, where the deduction percentage is based on artist input received via the artist device prior to the generating of the artist tokens.

9. The method of claim 1 further comprising, recording the digital transaction on a block chain.

10. The method of claim 1, where the deduction percentage is a percentage of the cryptocurrency transferred from the second digital wallet.

11. The method of claim 1, where the destroying of the artist tokens further comprises purchasing artist tokens with the deduction percentage of the cryptocurrency transferred from the second digital wallet based on a value of the artist tokens.

12. The method of claim 1 further comprising, assigning a rank to the artist tokens based on a rate of increase in a value of the artist tokens.

13. The method of claim 12 further comprising, generating a graph depicting changes in the value of the artist tokens, and displaying the graph on the consumer device.

14. A method comprising:

receiving a subscription fee from a consumer device;

transmitting one or more songs from a music database to a user device based on song requests received from the user device during a subscription period;

splitting the subscription fee amongst one or more artist wallets of one or more artists based on a proportion of the one or more songs transmitted to the user device that belong to each of the one or more artists;

destroying artist tokens for each of the one or more artists based on the splitting of the subscription fee;

adjusting values of artist tokens for each of the one or more artists based on a number of destroyed artist tokens for each of the one or more artists;

monitoring values of the artist tokens over a duration; and

displaying a graph to the user device depicting changes in the values of the artist tokens over the duration.

15. The method of claim 14, wherein the number of destroyed artist tokens for an artist increases for increases in the proportion of the one or more songs transmitted to the user device that belong to the artist.

16. The method of claim 15, wherein a value of the artist tokens for the artist increases for increases in the number of destroyed artists tokens for the artist.

17. The method of claim 14, wherein the destroying the artist tokens comprising may comprise deleting public and private keys associated with the artist tokens.

18. The method of claim 14 further comprising, determining a popularity for each of the one or more artists based on the values of the tokens for each of the one or more artists.

19. A system comprising:

a consumer device for streaming and downloading music;

an artist device for uploading music; and

a remote server in wireless communication with the consumer device and artist device for receiving and storing music uploaded from the artist device and delivering the music to the consumer device, the remote server comprising computer readable instruction stored in non-transitory memory for;

transferring artist tokens from the artist device to the consumer device in exchange for cryptocurrency from the consumer device; and

transferring cryptocurrency from the consumer device to the artist device based on a number of songs streamed and/or downloaded by the consumer device and belonging to an artist of the artist device.

20. The system of claim 19, further comprising a block chain including a record of transactions between the artist device and consumer device.