Award-winning sound designer and composer Sefi Carmel has announced the launch of SphereTrax, a new music licensing platform and marketplace powered by Bitcoin SV which will launch later this year.
SphereTrax will feature a curated gallery of high-end soundtracks and songs for cinema, TV, advertising, trailers, games, VR, AR and XR. The platform will revolutionise the way music is placed and licensed in the entertainment industry, in preparation for the coming era of the Metaverse. It will provide a simplified search engine that has been custom-built for music. Users will also be able to select from several pre-set licenses on the platform, with automatic payment and contracts available.
Users including producers, filmmakers and developers will be able to purchase tracks as NFTs, essentially taking them off the market for other buyers. The contractual information will be stored transparently and securely with a traceable link to the licenser, the artist and the audio track.
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Social music creation platform BandLab amplifies growth with new round valuing company at $425MAlso unique to the platform is the standardisation of Dolby Atmos throughout the entire library. Every piece of music on the site will be converted to Dolby Atmos as standard, meaning new bands, artists and music producers will have the chance for their work to be made available in the production industry’s most desired and up-to-date format.
Founder and CEO of SphereTrax Sefi Carmel said:
“We’re levelling up the music library as we know it into something more accessible, current, and suitable for the creative industries. Dolby Atmos is something we truly believe in here at SphereTrax and our promise to provide Atmos deliverables for each and every one of our tracks is something that sets us distinctly apart from the competition, both for the client and the composer. In only a few years we have seen the rapid increase in the adoption of this format, and we foresee that with the development of VR, AR and the Metaverse, Atmos will only grow in popularity.”
SphereTrax is currently in the pre-seed stage of development, with a forecasted launch date later in 2022. Applications for composers are currently open, with 10,000+ tracks expected on the platform in the near future.
