Orpheus Music

TEAM OF THE PRE-STARTUP

Name and Surname

Tim Mirgorod

Course and Year

3 course, 2019

Date of birth

04.07.2001

Home address

Minsk, Surhanova 5A, 25

Address of current residence

Minsk, Surhanova 5A

Phone

+375333577805

Area of the business idea

Blockchain

INITIAL INFORMATION ON THE BUSINESS IDEA AND THE BUSINESS MODEL

Product/service description

Orpheus Music is the first NFT Music social-platform allowing fans to explore new artists and support them financially.

Problem

The main problems for artists are low royalties on music streaming services and lack of social interaction with fans. It turns out that an independent artist leaves music as a hobby, because he cannot make money from it and find an audience on popular music platforms. For users is the difficulty in finding new artists for their favourite genre.

Solution

Orpheus Music enables artists to earn 20x times more money through NFT-marketplace and high royalties from listened tracks & the ability to communicate with their audience and find new ones through social interaction. Also, we provide social interaction for users so that they can be a part of music community and invest in a future star.

Market and size

Our clients are artists and their fans: 18-35 yo. Spotify will have 110 million paid users by the year 25, we plan to take 25% of them. Channels of attraction - social networks, artists, music podcasts and crypto & music news portals.

Customer

These are people 18-40 years old with an established career who like to listen to music and listen to it every day, they have a crypto wallet or they have an understanding in the blockchain. They constantly want to find out the news in the music industry, follow artists in different social networks.

Competition

Our main competitor is Spotify. We provide a music social platform with NFT. Where artists and listeners will be one part of the music community. Artists will be able to not only get more money from selling their creation on NFT, but also connect with their audience, receive feedback and find new audiences, the way it is created in TikTok. People themselves will choose what and whom to listen to and financially support, purchasing NFT music of their favorite artist or future star. In turn, we care about independent artists, we want to let the fans decide for themselves what and whom listen.

Team

Tim Mirgorod - CEO/Founder: has got his first experience in online business when he was 13 years old. He founded an online gaming service from which he has gained thousands of satisfied and long-term clients. “I really love music and listen to completely different genres of songs. As soon as I found about NFT, I realized that with my experience, creativity and love of music, I could take the music business to the next level” Ivan Serdyukov - CFO/Co-Founder: “I'm interested in music, passionate about Tech, Blockchain and NFT. Having a mathematical mindset, analytical thinking and prudence, I am a Financial Adviser at Orpheus music and competently calculate funds in order to help musicians as much as possible.”

ESTIMATED FIRST YEAR COSTS

Subcontracting

$50.000

Legal costs

$80.000

Marketing and advertising

$20.000

SUPPORT NEEDED

additional resources or support

Trainings and examples for the CEO and proper business management, for gaining experience for the founders

Trainings and workshops

business management

CURRENT STATUS OF BUSINESS IDEA

The stage at which the idea is

We passed the stage of testing the idea, purchased ads on several social networks and for different audiences - Russia and the USA. We received over 80 feedbacks and descriptions of problems from users. Also, we talked with several musicians and understood what problem they have. At this stage, we have developed a prototype of the application and now we are starting to develop MVP

Online business presence

website: https://en.orpheusmusic.xyz Twitter: https://twitter.com/Orpheusnft Medium: https://medium.com/@orpheusnft/orpheus-music-a374bc555216 ProductHunt: https://www.producthunt.com/posts/orpheus-music

Link to demo video

https://www.figma.com/proto/hfuVNqpUxLfj1eSqNkCcwH/Orpheus_App?node-id=2%3A31&scaling=contain&page-id=0%3A1&starting-point-node-id=2%3A568&show-proto-sidebar=1

DISCLAIMER: The European Commission's support for the production of this publication does not constitute an endorsement of the contents, which reflect the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

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