"It's a global network, nothing will be the same!"
The goal of this project is to demonstrate the idea that a musical artist can use a cryptocurrency (token) sale to fund the creation of a musical work (playlist). The playlist we will create is called 'Local', and the cryptocurrency we will issue is the ‘Local Token’ with the ticker symbol (LOT). These cryptocurrencies are a tokenized digital representation of the music. Local will feature 7 independently created songs. Ownership of Local will be represented by an individual's quantity of LOT. By creating a 7 song musical playlist, called Local, and hosting a token sale to fund production, we will decentralize capital acquisition and distribute musical ownership of the playlist to token holders. Though token holders cannot receive royalties on the music, they can spend their tokens on merchandise, events, and fiat. Ownership is therefore fungible and liquid, which allows listeners to abstract a new level of stake in their favorite music. Future artists may use this model to raise the financial capital needed to complete their mixtape, playlist, or album successfully and strengthen their connection with fans by sharing musical ownership.
Local is an originally created 7-song musical playlist that represents the art that will be tokenized. A playlist is a collection of songs that lies in the middle of the mixtape to album spectrum. This musical concept was popularized by the artist Drake and Apple Music when they released the ‘More Life’ playlist. There will be songs about life, challenges, rejection, and blockchain. In total, Local will launch with 7 original tracks, featuring genres like pop, hiphop, and reggae. Lyrics will be primarily written by Ivy and the team at Ivy Music, LLC.
Local Token (LOT) is the fungible, liquid, digital representation of the Local playlist. The ticker symbol for Local Token is LOT. LOT is an ERC-20 token and is native to the Ethereum blockchain. The purpose of LOT is to serve as a financial medium to raise the capital needed to complete Local and to represent ownership of the playlist. The capital raised will be used to finance playlist production, studio recording time, videography costs, and other associated playlist creating expenses. Furthermore, LOT can also be used to attend events (interviews, meetings, concerts, shows), redeem merchandise, and be featured in exclusive content like music videos.
Garfield Ivy Maitland
Garfield Ivy Maitland, better known as Ivy, is the founder of the blockchain project, Local. He is a Cornell University junior majoring in ILR and minoring in Computer Science. Ivy has performed at Cornell University, Harvard Business School, and internationally at the Royaumont Abbey in France. In 2017, he produced 7 songs for his playlist Campus and both filmed and edited 2 feature-length music videos. He is the lead artist for Local.
Ivy has interned at Delta Air Lines, Walt Disney World, and Skadden Arps. He has also participated in workshops and hackathons at Rochester University, University of Chicago, Cornell Tech, and Stanford University. Ivy is passionate about fintech and has been consulting for Ivy Fintech Consulting for 1 year. He is now dedicated to harnessing the power of blockchain to empower content creators and other artists.
Chief Legal Officer (COO)
Bryan Rodriguez is the COO (Chief Operating Officer) of the blockchain project, Local. He recently graduated from the University of Pennsylvania with Honors and Dean’s List standing. At Penn, Bryan double majored in International Relations and Latin American Studies with a Certificate from the University of Pennsylvania Law School in Global Human Rights. Bryan will apply the skillsets developed through his experience in the legal and financial realms to ensure compliance with relevant regulations.
Bryan has interned at two legal clinics - Philadelphia Legal Assistance & University of Pennsylvania Law Legal Clinic – advising clients across family law, transnational law, and civil practice. He has also interned at the U.S. Embassy of Lima, Peru focusing on money laundering, and Goldman Sachs’ NYC Headquarters on the Investment Banking Division Legal Team. For the past year, Bryan has dedicated his time to teaching financial literacy to under-resourced, impoverished communities. He is now committed to further exploring the intersectionality of finance and law through applying the power of blockchain to a new industry.
Oghenefego (Fego) Ahia
Chief Technology Officer (CTO)
Oghenefego Ahia serves as a lead software developer and CTO (Chief Technical Officer) of the blockchain project, Local. Fego, is primarily in charge of website development, Ethereum solidity smart contract programming, explainer video creation, and videography. He graduated magna cum laude from Tufts University, MA, and is currently a graduate student at the University of Wisconsin-Madison where he studies Electrical and Computer Engineering.
Fego helped design high-end server processors during his internship at Intel Corporation shortly after graduating from Tufts. Prior to that, he spent successive summer terms working on telepresence robots for Aubot, a Melbourne, Australia startup, and dual-socket server systems for Dell/EMC in Hopkinton, MA.
Chief Financial Officer (CFO)
Janice Lee is the CFO (Chief Financial Officer) of the blockchain project, Local. She recently graduated from the Macaulay Honors Program at Baruch College, where she majored in Finance and minored in Business Law and Interdisciplinary Studies of New York City. Janice will manage the budgets for Local as well as serve as a point of communication for investors, partners, and the general public. Furthermore, she will also manage the social media accounts of Ivy Music, LLC and provide community updates to Local's economic stakeholders and supporters.
Janice has experience in marketing, international tax at a global investment bank, business support for the FinTech Innovation Lab in NYC run by the Partnership Fund for New York City and Accenture, and management consulting at Accenture, where she will join as an Analyst this fall. Janice is passionate about the fintech ecosystem and constantly strives to learn ways to improve current business processes with technology.
MVP Song Demo
Performance at Cornellapalooza 2018! Demoed the musical single, 'Blockchain'. Blockchain, is both the first MVP (marginal viable product) and song of the upcoming ICO and musical playlist Local.
"...A fintech revolution, more intense than a hurricane!"
More updates coming soon!