Mynt Music is a Web3 platform designed to address the challenges artists face with traditional streaming services, such as low revenue and a lack of direct engagement with fans. By leveraging blockchain technology, Mynt provides artists with the tools to take greater control over their work and monetization.
The core of the Mynt platform is built on the Hedera network. This allows artists to mint their music, artwork, and other exclusive content as non-fungible tokens (NFTs) on the Hedera Token Service (HTS). In addition to NFTs, artists can create and issue their own unique, fungible "Fan Tokens." These tokens function as a digital key to an artist's community, granting holders access to exclusive content, unreleased tracks, private channels, and unique real-world experiences. This model transforms passive listeners into active stakeholders in an artist's career.
By building on Hedera, Mynt benefits from the network's high speed, sustainability, and low, predictable transaction fees, which are essential for processing the high volume of micro-transactions involved in a thriving fan economy.
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W3C Decentralised Identifiers (DIDs) are a new type of globally unique identifier designed to enable verifiable, decentralised digital identity. As a formal web standard published by the World Wide Web Consortium (W3C), the DID architecture is a foundational component for building a more secure and user-centric internet.
Unlike traditional identifiers such as email addresses or usernames, DIDs are not tied to any centralised registry or company. This means that individuals and organisations can create and control their own identifiers, giving them "self-sovereign" control over their digital identities. The core of the system is the DID Document, a JSON file that contains the cryptographic keys and service endpoints associated with a DID. This document is stored on a distributed ledger or other decentralised network, allowing for secure and verifiable interactions.
The Hedera Consensus Service (HCS) is used to create a tamper-proof and auditable log of all DID-related events, such as creation, updates, and revocation.
Barrage is a Croatia-based software development company founded in 2016. It positions itself as a "digital barrage," providing robust and high-quality digital platforms for a global clientele. With a team of over 100 professionals, Barrage specialises in creating custom software solutions, with a strong focus on fintech, data science, and AI.
The company offers a comprehensive range of services including custom software development for web and mobile, digital product design with a focus on user experience, and brand identity design. Barrage also has expertise in machine learning, data center development, and provides consulting services in distributed ledger technology.
Barrage is a Hedera ecosystem technology partner that leverages its in-depth knowledge to build solutions on the Hedera network. The company has published insights on Hedera's impact on DeFi, demonstrating a strong understanding of its architecture, including the hashgraph consensus mechanism and the "gossip about gossip" protocol. This expertise allows Barrage to develop secure, scalable, and efficient software for its clients, utilizing Hedera's enterprise-grade capabilities to create modern digital solutions.
Acoer is an Atlanta-based technology firm founded in 2015 that specialises in developing blockchain-enabled software for the healthcare industry. The company's mission is to make health data more connected, usable, and secure by creating interoperable solutions that break down data silos and provide real-time insights.
Acoer's product suite includes the Health Data Explorer for analyzing medicolegal death investigation data, and HashLog, a data management and visualization tool. One of its key technologies is the Cryptographic Data Mesh, which creates a tamper-proof, auditable trail for data transactions. The company also developed RightsHash, a decentralised engine that uses NFTs to manage individual rights, such as patient consent for clinical trials.
Acoer's solutions are fundamentally integrated with the Hedera network. The company utilises the Hedera Consensus Service (HCS) to create immutable logs of data transactions, ensuring a verifiable "chain of custody" for sensitive health information. This allows Acoer to provide computational trust and cryptographic proof of data authenticity.