Project summary

The Grammys are coming up in February! We are using Prediction Markets to further the advancement of greater fan representation in the music industry. Prediction Markets went notoriously viral following the US Elections and Polymarket's success predicting every state vote. This is the power of the wisdom of the crowds and we want to apply this power to decentralizing the search for up-and-coming musicians. Giving the power of the music industry back to the people.

This project will exist on the Solana blockchain and use AMMs to allow people to actively speculate and trade on their positions. We will ship by January.

What are this project's goals? How will you achieve them?

Our first goal is to predict the grammys. Our second goal is to predict the grammys. Our third goal is to have fun, create buzz for music prediction markets, and build an early customer base for more music related prediction markets.

How will this funding be used?

Funding will mostly be used for getting security audits. I am a solo bootstrapped founder engineer and product designer. Security firms will give the project legitimacy and assurance that user funds are safe, I am told they cost around $20-30K. On the chance that security firms can be found at a better price, I am going to use the remaining money for marketing and any operational work needed. Note that I am not earning a salary working on this project but I am reserving the option to implement Take Fees on each market so I can stay competitive.

Who is on your team? What's your track record on similar projects?

1 person team. I was formerly campaign manager for Michael Lai, a SF politician. We were the closest political race in the city lost only by 190 votes out of 30,000 total votes. This is important experience for launching campaigns like getting people to bet on the Grammys. I'm also a product designer and software engineer for 10+ years, I built Union College's first student mobile app, nd have worked on consumer products in companies like WeWork and Geneva (acquired by Bumble). I also have 2 years of cybersecurity experience in highly regulated industries like managing medical records as a former Security Business Analyst at Clario Inc.

What are the most likely causes and outcomes if this project fails?

Our goal is to reach 5,000 to 10,000 users to make a best effort bet on the grammys. Even if our data fails to predict the awards we will have produced a large data set of people's music tastes and show that there's market demand for specific niche prediction market websites instead of a craigslist-like generic experience like polymarket.

To reach 5-10K users, I am going to just put ie $1-10K of my own money into a guaranteed jackpot for the person who has the best returns per capita who bet over $X. And tell everybody I know about it, and then come up with an incentive for sharing with friends.

How much money have you raised in the last 12 months, and from where?

$0