WVS is the native token for Waves, a project described as an intelligent content layer designed to facilitate cultural and music discovery. The platform is being developed by the team formerly known as MeMusic and aims to be curated by fans and enhanced by artificial intelligence. ^[1]

Overview

Waves aims to develop a dedicated blockchain ecosystem for music and cultural content, which it refers to as a "Spotify AppChain." The project positions itself within the "AudioFi" sector, a niche that integrates blockchain technology with audio content platforms. The primary objective is to create a discovery platform that is collectively owned and influenced by its community of users and creators. The system is designed to provide a seamless experience for users interacting with audio content while leveraging AI to enhance discovery, with user curation serving as a key input for training the AI models. ^[1]

Products

The Waves ecosystem's primary user interface is a mobile application. This application serves as the main portal for users to engage with the platform's content and features. ^[1]

Features

The Waves platform is designed to incorporate several key capabilities to support its discovery-focused ecosystem. It allows users to find new artists and cultural content through a system augmented by artificial intelligence. A core component of the platform is fan curation, where users' selections and interactions help to train and refine the platform's AI recommendation algorithms. This user activity directly contributes to the continuous improvement of the AI's discovery capabilities. The project has also indicated plans to support co-listening sessions, allowing for shared, real-time audio experiences among users. ^[1]

Ecosystem

The Waves ecosystem is structured around three main participants:

• Fans: Users who act as curators by discovering, sharing, and promoting content. Their activities are intended to influence platform trends and provide data for the AI.
• Artists/Creators: Individuals and groups who supply the music and other cultural content that populates the platform.
• AI: An intelligent layer that processes user interaction and curation data to enhance the content discovery process for all users. ^[1]

Use Cases

Users can engage with the Waves platform in several distinct ways:

• Discover new music and artists through an AI-driven recommendation system.
• Actively curate content, thereby shaping the platform's discovery algorithms and trends.
• Participate in what is described as a decentralized content discovery ecosystem.

These use cases are central to the platform's goal of creating a community-driven discovery experience. ^[1]

Architecture

The project's technical foundation is based on the concept of a "Spotify AppChain," which suggests a purpose-built blockchain environment optimized for music discovery and user interaction. In March 2022, the development team, operating under its previous brand MeMusic, announced its decision to build its platform on the Solana blockchain. ^[1]

Tokenomics

The economic model of the Waves platform revolves around its native token, $WVS.

Token Allocation

Specific details regarding the token allocation percentages for the $WVS token have not been publicly disclosed in the available information. ^[1]

Token Utilities

The precise functions and utilities of the $WVS token within the Waves ecosystem have not been detailed. However, a community giveaway conducted in December 2021 under the project's former name, MeMusic, mentioned a "$MEMUSIC allocation," suggesting a potential use case related to community rewards or participation incentives. ^[1]

Governance

Information regarding the governance structure of the Waves platform or the role the $WVS token may play in decentralized decision-making is not available in the provided materials. ^[1]

Partnerships

There is no public information confirming specific backers or official partners for the Waves project. A promotional tweet from March 2022 mentioned a giveaway that involved more than 15 participating projects, but the names of these projects were not specified. ^[1]