KOR Protocol and Allfeat Partner to Build Global Music IP Infrastructure Powering New Tools and Applications
September 26th, 2024 at 10:00 am UTC · 4 min read
/KOR Protocol/ – KOR Protocol, the entertainment IP protocol, today announced a strategic collaboration with Allfeat, an innovative Layer-1 blockchain specializing in the music industry. This partnership marks a significant step towards creating interoperable standards in music IP management and developing cutting-edge tools and applications that benefit artists, labels, and fans alike.
As part of this collaboration, KOR Protocol and Allfeat will integrate their technologies to create seamless solutions for IP registration, licensing, and monetization. The combined platforms will focus on metadata standards and developing new developer tools that support consumer applications aimed at empowering the music ecosystem to thrive in a digital-first world.
Innovative Solutions for the Music Industry
The partnership between KOR Protocol and Allfeat brings together two trailblazers in blockchain technology, united by a shared vision of revolutionizing the entertainment IP landscape.
The collaboration will focus on:
- Developing New Music IP Standards: The partners will collaborate to set new interoperable standards for the registration, licensing, and distribution of music IP, ensuring transparent and fair compensation for artists and rights holders.
- Launching Developer Tools: The partnership will launch a suite of tools, including APIs, SDKs, and smart contract templates, allowing developers to create decentralized applications (dApps) on both the KOR Protocol and Allfeat protocol. These tools will support innovations like interactive remixes, fan engagement apps, and user-generated content.
- Empowering Artists, Labels, and Fans: KOR Protocol’s IP Vault and Allfeat’s L1 infrastructure will be integrated to provide creators with seamless control over their IP, licensing agreements, and royalties. Fans will also gain access to new experiences, including token-gated content, interactive fan engagement, and collaborative IP creation.
Supporting Innovation and Growth
The partnership will further support the growth of the music industry by introducing a new generation of consumer apps and platforms designed to empower creators and fans. KOR Protocol’s decentralized IP management system and Allfeat’s blockchain infrastructure will enable new ways for artists to collaborate, distribute music, and interact with their fan bases.
Key initiatives will include:
- Interactive Formats and Licensing: Creating new formats that integrate licensing, sync deals, and royalty distribution;
- Decentralized Fan Engagement: Building a comprehensive fan social graph that leverages blockchain and AI to reward fan engagement and participation.
A Future of Limitless Creativity
“We are excited to partner with Allfeat to redefine the music industry’s approach to IP management and fan engagement,” said Inder Phull, Contributor of KOR Protocol. “Together, we are creating an ecosystem that promotes fair compensation, transparency, and limitless creativity for all stakeholders.”
Allfeat’s CEO Jean-Christophe BARAT added, “By integrating KOR Protocol’s powerful tools with our blockchain infrastructure with our 24+ partnership, we are setting the stage for a new era of music creation and consumption. This partnership will enable developers, artists, and fans to explore new possibilities in music, while ensuring creators are properly rewarded.”
The partnership between KOR Protocol and Allfeat promises to usher in a new wave of innovation in the music industry. As the two companies work together to push the boundaries of blockchain technology, the future of music IP has never looked brighter.
About KOR Protocol
KOR Protocol is a decentralized platform that enables creators to register, manage, and monetize their intellectual property seamlessly across Web3. With a focus on transparency and innovation, KOR Protocol empowers creators and developers to build a new ecosystem around music and entertainment IP.
About Allfeat
Allfeat (co-founded by jcBarat CEO & Lois Lagoutte CTO ) is a Layer-1 blockchain (EVM/RUST) designed for the music industry with its MIDDS ( Music Industry Decentralized Data Structure) powered to secure & monetize music metadata. Its platform was built to support music creators and rights holders by providing decentralized tools for licensing, royalties, and fan engagement. Allfeat’s mission is to bring fairness and innovation to the music industry through blockchain technology.
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