FLUT AMA Recap

Date: Friday, 27 Oct 2023

FLUT Introduction

FLUT is a new ERC-20 token that aims to revolutionize the music industry by providing a decentralized platform for musicians and music lovers.

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AMA Purpose

The purpose of FLUT hosting an AMA (Ask Me Anything) session tonight is as follows:

1. Increasing Awareness:
   Through the AMA, FLUT aims to explain the project’s vision, mission, and values to the community and potential users.
2. Education Regarding FLUT:
   The AMA allows FLUT to provide education about blockchain technology, decentralized concepts, and how FLUT contributes to changes in the music industry.
3. Community Interaction:
   This enables the exchange of information, answering questions, and strengthening the relationship between the FLUT team and its community.
4. Collecting Feedback:
   Through the AMA, FLUT can gather valuable input from the community regarding desired features, issues that need to be addressed, and improvements sought in the decentralized music project.
5. Transparency:
   Through the AMA, FLUT can demonstrate transparency regarding fund usage, developments, and future plans.
6. Milestone Announcement:
   FLUT host the AMA to announce significant achievements in the project’s development.

AMA Highlights

Question 1

• @pragoshere:
  There is a new project associated with $FLUT that will enhance $FLUT?
• @FinneganMcDoogle:
  FLUT is the only project in the FLUT universe / ecosystem right now. We are focussing all of our energy on this project until it is mature.

Question 2

• @ItsmeEqi:
  While YouTube is known for its accessibility and the ease with which people can access original music, covers, and more, what about flut.cloud? What is the primary purpose of the flut.cloud platform?
• @FinneganMcDoogle:
  flut.cloud is a UI/UX wrapper on decentralized storage with an ERC20 Token. Uploaded content is stored on the DeFi cloud, and you can find it via IPFS. We offer a user-friendly layer that tracks user interactions and rewards those who generate the most traffic and attention in FLUT tokens.

Question 3

• @flutist159:
  Could you please inform me if the team has considered the legal aspects of covering songs? In Indonesia, we face significant issues related to this matter.
• @FinneganMcDoogle:
  At the moment we expect our users to only upload original content. There is a way for Admins to delete content from the platform if it violates copyright. We can only enforce a social contract at the user level at the moment. Eventually, you will have to declare that the content you upload is original and belongs to you. We will try and keep content on the platform copyright free through our admins.
• @FinneganMcDoogle:
  The bigger picture is that we are creating an ecosystem of creativity, so remember to focus on creating content that belongs to you!

Question 4:

• @sayatahula:
  Will there be a special application for flut other than via the flut.cloud website to make it easier to send songs that have been recorded? So it’s easier to access on hp
• @FinneganMcDoogle:
  At the moment FLUT is only related to the flut.cloud platform. If there are issues with the website on mobile, please send a DM to me with the issue so we can get it fixed 🙏

Question 5:

• @Barbiednana:
  When was the $FLUT project created, and what is its primary goal in forming this project?
• @FinneganMcDoogle:
  The most important part about forming this project is to bring credible blockchain applications to the market. Music platforms are a very important part of the entire media backbone of web2, but they don’t offer the best financial incentives to their conent creators.
• @FinneganMcDoogle:
  We are trying to build something that works according to the DEFI values of decentralized empowerment

Question 5:

• @lexxy_flut:
  I like this platform because I uploaded some songs, can I make a profit there? If I upload my song?
• @FinneganMcDoogle:
  Yes, very soon that is the goal. We are still building the last bits of our infrastructure so that the website has a better recommendation engine before allowing external revenue to come in via advertising.
• @FinneganMcDoogle:
  We also need to finish the Playlist feature so that we can better organize and recommend content. This is also important for determining who’s music is the most valuable.

Question 6:

• @mfaishal24:
  How can blockchain technology provide more equitable opportunity for these pioneering independent artists, given that they often struggle to receive royalties (unlike professional singers/musicians) ?
• @FinneganMcDoogle:
  We are happy to use AI generated music as a source of original user-owned content. Depending on which service you use to generate the music, you should always check that you own the rights to use the content.
• @FinneganMcDoogle:
  The applicaition of blockchain means that the ownership of the conent is guaranteed (on the block-chain side). However, you could still upload a copy of something that you don’t own from the non-blockchain world. It is up to our moderators and check the authenticity of flagged content

Question 7:

• @EZe505:
  FLUT is referred to as a “child” project that adopts and encourages the use of AI to generate original content and reward creators. Here are the questions:
• @EZe505:
  Question 1: How can the user community participate or contribute to this project?
• @EZe505:
  Question 2: In this case, how does FLUT ensure fair distribution for content creators?
• @FinneganMcDoogle:
  Answer 1: The best way to participate is to remain active on the TG & Discord as well as use the platform. The more content we have, the more alive our user base. Forming the community and forming the content are two sides of the same coin. We may shortly bring back an art contest and give away bags of FLUT to the best music creators sometime soon while we continue builiding.
• Answer 2: The main metric we have at the moment is playcount (for tracks) but soon we will have playlists that also count towards your popularity

Question 8:

• @SaskehUchi:
  how about the security level of the flut token?
• @FinneganMcDoogle:
  FLUT is secure. All of the lp has been burned. Whatever is in circulation is controlled by the market

Question 9:

• @idkmyselffstf:
  may i ask something about the percentage of developers who have a supply of flut tokens?
• @FinneganMcDoogle:
  We only have a small supply of the tokens ourselves. The team doesn’t have enough of the tokens to dump and ruin the whole project. We hold those tokens as well to help keep the chart stable and inspire some faith

Question 10:

• @B1rds :
  I’m not a singer and songwriter. But i want to participate for Flutcloud. Can i get some Flut tokens if i invite some singers there? Maybe like a referral system. Thanks
• @FinneganMcDoogle:
  At the moment we don’t have a referral system. It might be a good idea in the future to grow the platform.

Question 11:

• @Jgnkepoblok :
  What’s the next development of Flut.cloud as a platform that leads to the decentralization of music which aims to provide convenience for music fans and empower artists? As we know that AI has a strong influence on current technological developments today
• @FinneganMcDoogle:
  The next few features we will release are very important.
  1. Playlists
  2. Reccomendation engine.
  These 2 featuers will complete the necessary UI/UX aspects of the platform so that we can market to a much larger audience

Question 12:

• @Barbiednana :
  Will this project continue to be developed? and how can we make more people aware of this project?
• @FinneganMcDoogle:
  We are consistently working on this project. There will be more dev updates this week and the following weeks.
  Stay tuned!

Question 13:

• @EthanJeorse :
  How are funds distributed to musicians who have uploaded their songs? Is there a difference in income between musicians who compose their own original songs versus covers?
• @FinneganMcDoogle:
  At the moment we don’t plan to have any difference depending on content type. The very first step we need to get to is rewarding users with FLUT. Once that system is in place we can begin to fine-tune it according to feedback we get here and from discord

Question 14:

• @flutist159:
  Sorry it’s so silly 😁 I just curious about the mascot of Flut? It’s a dog? Or a fox?
• @FinneganMcDoogle:
  I think it’s a flute 😉

Question 15:

• @Sampeuuasaln :
  Hello sir..Excuse me sir…I want to ask…why is your token called flut??? Where do you get your inspiration from???
• @FinneganMcDoogle:
  That’s a funny question with a secret answer. For now, let’s just say that it was an important project name because of the market conditions at that time.

Question 16:

• @sayatahula :
  Can blockchain technology tackle illegality problems such as music piracy more effectively?
• @FinneganMcDoogle:
  Can blockchain technology tackle illegality problems such as music piracy more effectively?

Question 17:

• @NFTFlowerss :
  Sorry sir, I’m curious 😁 do you have references in music such as genres, bands or the like?
• @FinneganMcDoogle:
  We will most likely come up with genres and language regions so that content on the site is appropriately served to the country you’re browsing from. Right now, it’s all world-wide

Question 18:

• @Nuuychn :
  How far has the flut token progressed? Will it bring profits to holders?
• @FinneganMcDoogle:
  That’s the goal. The tech has come a long way

Question 19:

• @takise87 :
  To what extent will the revolution brought by $FLUT change the face of the music world, in which direction? Will $FLUT get directly involved in the crypto music world? Direct purchase of any music? or like Music and Video NFTs
• @FinneganMcDoogle:
  That’s been one of our goals from the start. We certainly are aiming to allow for the minting of NFTs and staking of tokens. Those goals aren’t on our roadmap right now because they’re further away in the future than getting our basic advertising-driven financial ecosystem in place. Once we can get that done we can look towards the future again.

Question 20:

• @flutist159 :
  Do you have thinking about partnership with popular artist or bands ? Actually to promote about the Flut cloud and token
• @FinneganMcDoogle:
  Certainly.
  Once we achieve the goals on the roadmap, you can clearly see that snoopdog is part of the plan

Question 21:

• @NFTFlowerss :
  In this rapidly changing world, no other platform is focused on harnessing the immense potential of AI for creating music on Web3. How does FLUT bridge the gap between crypto, AI, music and financial independence?
• @FinneganMcDoogle:
  The FLUT token is heart of the economic incentive structure for the platform. The platform accepts art from any source (ai or human) as long as you own it. The users that generate this content deserve the majority of profits from all revenue sources.

Question 22:

• @Barbiednana:
  In my opinion, $flut really helps members who really like music and singing, so will this project continue to provide facilities such as giving prizes when participating in enlivening events held by the $flut project?
• @FinneganMcDoogle:
  We used to do a lot of art shows with $100-$500 giveaways. We might bring them back 🤷‍♂️

Question 23:

• @Zhee_05 :
  What major changes have you seen in the music industry thanks to the adoption of blockchain technology and artificial intelligence/AI ?
• @FinneganMcDoogle:
  So far, just us

Question 24:

• @sayatahula :
  So far, several music platforms have a filter feature to search by language (bearing in mind that not everyone has tastes of songs from the same language). But why doesn’t FLUT have this feature yet?
• @FinneganMcDoogle:
  It’s part of a feature further down the road -> content should be loaded by geographic area using IP address and the language of the country you’re in. It will come

Question 25:

• @Ryu_INF :
  How will this decentralized music project affect listeners and their music-listening habits?
• @Ryu_INF :
  Because users are accustomed to listening to music on web2 platforms where they don’t need to download additional crypto wallets and connect their wallets to the platform.
• @FinneganMcDoogle:
  We might not ever enforce that you connect your wallet to listen. At the moment we think that simply providing financial incentives is enough of a reason to want to connect your wallet (to get paid). We probably won’t add a paywall in order to listen.
• @FinneganMcDoogle:
  The money will most likely come from advertising.
  Which is why we need good content -> so people use the platform -> so projects WANT to advertise with us. It’s all about community

Question 26:

• @Andreas_ID :
  Will users have full control over their personal music data, or is there a potential for privacy breaches since our music is stored in a cloud controlled by the Flut team?
• @FinneganMcDoogle:
  Everything on-chain is public. That’s the point. Always be careful of what information you allow

Question 27:

• @B1rds :
  Will we be able to send Flut tokens to musicians we like? Can i promote songs from Flutcloud musicians to other people and get a little reward for that?
• @FinneganMcDoogle:
  Yes, you can freely tip someone by their wallet address. We’ll add a tip button eventually. Second question, eventually yes

Question 28:

• @sayatahula:
  There will be lots of new features to make things easier for flutists?
• @FinneganMcDoogle:
  Yeeaah. We want to make a really really good platform. That’s the hard part. If we can do that, all of the other goals of the project will be easy

Question 29:

• @Andreas_ID :
  Considering our data is public, has the Flut team taken measures to secure our uploaded music data on flut.cloud? For example, by disabling the download button to ensure the preservation of our original music?
• @FinneganMcDoogle:
  Anything you upload to the internet / blockchain can be copied / downloaded easily. Blockchain can publicly show that you uploaded something first, but it also doesn’t prove that you created it.

Question 30:

• @YourNFT1 :
  Hi sir. Have the months for the platform release and public Github been determined?
• @FinneganMcDoogle:
  Been live since the start.
  www.flut.cloud
  https://github.com/orgs/FlutEngineering/repositories

Question 31:

• @sayatahula:
  How will this project address the issue of fair and transparent royalties for artists, especially smaller ones?
• @FinneganMcDoogle:
  We’ll probably use a profit model that rewards very consistent users even if they aren’t the most popular

Question 32:

• @EZe505 :
  How do you see the future of music driven by crypto and Ai? What trends can we expect? 🙏
• @FinneganMcDoogle:
  Well AI is a huge foce that can’t be avoided. Most of the AI music I’ve heard is close to interesting but not great. There will still need to be a lot of selection, generation, and fine-tuning. We’ll be able to use this technology, but it’s unlikely that simply asking AI to make ‘a song’ will sound good. It’s a new market that will evolve over time. We also love hand-made music

Question 33:

• @YourNFT1 :
  Do you have a genre that you really love?
• @FinneganMcDoogle:
  We love Funk

Closing Remarks

@FinneganMcDoogle

And that concludes the AMA, Thanks for attending everybody 🙏. We really appreciate our community and all of the content. We’re listening to it right now.

It’s so nice to see so many new uploads every week

Information

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