Alejo from Skyhitz demonstrated the platform's new smart contract launch on Stellar, enabling music NFT streaming with instant microtransactions, escrow-based revenue distribution, and email-based wallet authentication for seamless user onboarding.
Alejo Mendoza from Skyhitz presented the platform's smart contract implementation on Stellar, showcasing how users can stream music NFTs and generate revenue through microtransactions locked in escrow. The platform features email-based authentication instead of traditional wallet management, making it accessible to non-technical music fans. Key features include real-time APR calculations based on investor participation and streaming activity, a native rewards system that avoids third-party risk, and plans for mobile app deployment. Skyhitz indexes music NFTs across chains and distributes generated revenue to artists' on-chain accounts, supporting both crypto-native and traditional music industry participants. The team emphasized simplicity in UX design and plans to integrate Stripe for on-ramp and off-ramp functionality.
