Frequently
Asked
Questions

In short a blockchain is a distributed database, or ledger, that is shared among nodes of a computer network. The data that gets stored in this distributed ledger through blocks, every transaction is a new block and gets linked to the previous block, hence the name blockchain. This design means that every transaction is stored decentralized on ‘the blockchain’ and is always transparent and immutable.

NFT is short for a non-fungible-token. Non fungible means that it’s unique and can’t be replaced with a replacement token. This means that an NFT cannot be exchanged one on one for another NFT. The token part is virtually a smart contract, this is much like a contract as you get when you buy a house or start a job. The difference is that a smart contract will execute automatically on the blockchain when the contract terms are met. This once again means that these contracts are transparent and immutable. NFTs are stored in a wallet.

A wallet is an address on a blockchain to where transactions and NFTs can be sent and stored. These wallets can be on a platform such as Metamask or Binance or you can choose a cold wallet where you can store all your funds safely offline.

We are here to create a transparent and coherent world for performers and creators. We will achieve this by giving artists full control of their own copyrighted works, in this case digital assets. We strongly believe that blockchain based technology gives the world the possibility to connect directly without the need of middlemen who often take a big cut.

Our team consists of enthusiastic experts with a variety of professional backgrounds in the fields of tech, music, IP and more. We all share a deep understanding of blockchain technology and more important, shared core values like integrity inclusiveness and the well being of the planet and environment. To learn more about the team click here or if you really want to know us, click here.

We are currently not looking for new investors. But we are always interested to get in contact with persons and companies who support our mission. So don’t hesitate to fill out our pre-register or book a call, we might need your money in the future!

We are always eager to get in touch with the brightest minds of this century, we don’t care if you have a PHD or self-taught. If you think your skill set meets our needs, and share our core values, don’t hesitate to book a call.

We understand that you want to make use of our ground breaking software, so we have a whitelabel solution. If you want to get more information about this, book a call.

SmartLabel is based in the Netherlands, Groningen, but is run decentralized all over the world. So you can drink a virtual cup of coffee with us from all of the seven continents, but we are also happy to see you in our office in Groningen.

Everything starts with a Music NFT. This is the NFT where you collect and combine all your music contract data and track metadata, to then bundle them into one well-organized package. And store it on the blockchain.

An streaming NFT is used to distribute to blockchain based streaming platforms like Audius and Rocki, and collect your potential royalties.

Royalty tokens are the payout solutions for al your NFTs. A music NFT consists of 200 tokens (100%) ad all the funds coming from a music NFT will be divided over these 200 tokens, which you can redistribute at any given time.

These Digital Service Platform NFTs give, much like the BSP Royalty NFT, the holder of the token rights to a part of the DSP streaming earnings. The earnings of all the DSP streaming of the track that is linked to this NFT will then be dropped in the wallet of the holder of these tokens. These NFTs can be sold to fans or investors to generate income in advance for the artist.

A promotion NFT is to promote your album or yourself as an artist. These NFTs will most of the time consist of a collection of NFTs. This collection may contain special artwork like album covers, special perks as access to merch or concert tickets, a special version of the song or a x number of special messages from the artist. These NFTs can be sold to fans as collectable or just to resell them.

DSP stands for digital service provider, these are companies like Spotify or apple music.

All the big and relevant DSPs like; Spotify, Itunes, Soundcloud, TikTok, YouTube, Deezer, Snapchat, Instagram, Amazon premium, Apple music, Vevo, AWA, Beatport, Pandora, Rhapsody, Tencent and Tidal.

We will help you every step of the way. This means you schedule a free call with one of our release experts, to define on which platforms you want to be released. Then you get a tailored release package which includes your digital distribution contract. After this is signed and approved you are able to upload your track file (.WAV) combined with artwork and metadata. Always keep in mind SmartLabel never takes a part of your music rights or royalty income.

Short answer, yes! We take very highly on owning your own song, therefore we will never take a cut of your DSP rights.

That’s really hard to say, it depends on a lot of things like the streaming platform where you get your streams, and the type of demographics that are listening to your song. A general rule of thumb is that Spotify pays +- 0,003 cents per stream. You can get a rough idea of the pay per stream in sites like this. But keep in mind it is always guess work.

That depends on what best suits your release plan. But we can distribute your song within 24 hours to all our listed DSPs.

You can always cancel your subscription, bear in mind that DSP distribution is billed annually. Another point to keep in mind is that your song will be pulled from the DSPs after cancellation. Your NFTs will always be yours so your BSP distribution has nothing to do with us.

We will help you every step of the way in the creation of a promotion NFT. Promotional NFTs consist of attributes like; Artwork like album covers, selfies, WAV files, merchandise, tickets, closed groups, online events, online meet & greet, skype calls, raffles, animations, socials, etc. If you want to know more or make your first NFT, feel free to contact us.

There are several ways of making money with NFTs. The main hype with the NFTs right now is buying art like bored apes. But there are so many more options that have much more potential! With us you can create several NFTs you can sell to fans and investors to create income in advance for you as an artist. Another way to make money with NFTs is with kickbacks. These kickbacks are a percentage of the second hand sales that go back to you as a creator!

That’s up to you! Basically we can help you to build your NFTs on every blockchain, we will help you to decide your needs in this. Every blockchain has its own pro’s and con’s, too much to list here. To see which one fits your needs, book a call!

Storage will be on a web2* or permanent* solution depending on your used blockchain. A link to the content stored here will be inserted in the smart contract*.

We are working hard behind the scenes to grow our list and give you the opportunity to distribute to every big blockchain based distribution platform. For now this includes Rocki and Audius

KYC means Know Your Customer. We have to do this is to ensure we can verify the personal details of our customer and to comply with the European guidelines (Anti-Money Laundering and Anti-Terrorist Financing Act – Wwft.

Anti-money laundering (AML) refers to the laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income.

You will have to go through a number of steps and questions, so that the SmartLabel tool can determine which contract is applicable and process the variables in a questionnaire. The full contract will then be exportable and shareable in PDF.

Existing contracts can be uploaded in your account and also be used to link to your NFT. Keep in mind that in this case you have to fill in all your contract variables by hand.

A non-disclosure agreement is a legally binding contract that establishes a confidential relationship.

A smart contract is much like a contract as you get when you buy a house or start a job. The difference is that a smart contract will execute automatically on the blockchain when the contract terms are met

Yes, this can be done on your dashboard

All the earnings of the NFTs like kickbacks and sales can be managed in the SmartLabel dashboard. Here the user can also analyze their streaming performance on the DSP and BSP platforms. And generate, share and manage their music contracts.

The moment our dashboard is up-and-running and you bought one of our services/products you will get access to your personal dashboard.

Music contracts – All contracts associated with music. Metadata – all the data about, for example, your track like: name, artist or length.

Music data – This means all data related to or associated with music.

DSP – Digital service platform, these are digital streaming platforms like Spotify or Apple music

BSP – Blockchain service platform, these are blockchain based streaming platforms like Audius or Rocki.

Master rights – A master right license is an agreement between a music user and the owner of a copyrighted sound recording, that grants permission to use the recording.

Publishing rights – means all Rights, to the extent held by the Owner, to publish, distribute and sell your music.

Permaweb – A blockchain based internet

Web2 – Traditional internet

Web3 – Decentralized internet

Music-NFT – The main NFT on which all sub NFTs related to the same song are based.

Streaming-NFT – The NFT which is used to distribute your music.

Sync NFT – A sync NFT can be created when a third party wants to use and monetize your work.

Royalty tokens – Royalty tokens are the way SmartLabel pays out NFT earnings. The holder of these tokens receives part of the earnings.

Promotional NFT – Promotional-NFTs are collectables that consist of special attributes or art.

Smart Contracts – Contract on which a NFT is built.