🀩
Whitepaper
The Music PlatformFunky Fire Money NFTsDiscordContact Us
  • Contents
  • Welcome to the SMG White Paper
  • Overview
    • What we do
    • What we have built
    • What we are Building
    • About The Founder
  • Spy-da Productions
    • The Book
    • 🎹About Spy-da Productions
      • 🎼The Studio
      • πŸŽ›οΈThe Services
      • 🀝Partnerships
  • Spy-da Recordings
    • πŸ•·οΈAbout Spy-da Recordings
      • 🎢Spy-da Music
      • 🎧Features of Spy-da Music
      • πŸ“±iPhone App
      • πŸ“²Android App
  • Spy-da Music Publishing
    • 🎢About Spy-da Music Publishing
      • πŸ“‘Publishing RoadMap
  • NFTs
    • The Importance of a Strong Utility for NFT Projects
    • πŸ™ˆQuick Links
      • 🀯Lore
        • πŸ•ΆοΈRarity / Traits
        • πŸ™ˆThe Funky Fire Monkey Project
        • πŸ™‰Collection
        • πŸ™ŠFFM x Artist Collaborations
        • πŸ•·οΈFFM X SPY-DA MUSIC
        • πŸ›£οΈFFM RoadMap
        • πŸ“ŽUnderstanding Our Projects
        • πŸ€™Call to Action
  • NFT.spy-da.com
    • πŸ•·οΈAbout Spy-da NFTs
      • πŸ₯‚Collection
      • πŸ•·οΈSpy-da NFT's
      • πŸ›£οΈSpy-da NFT RoadMap
      • πŸ¦‰NFT Partnerships
        • Aurelie Freoua
        • Katya Kan
        • Kasia Alexiou
        • The RS Rise Collection
        • The Hairy Stoned Buddies
      • πŸ“ŽUnderstanding Collaboration Utilities
  • NFT Airdrops
    • πŸ’§Airdrops
  • Fundamentals
    • πŸ’°Financial Goals
      • πŸ’°How the Funds will be used.
    • πŸ†™The Gap / The Market
    • 🀩Sales & Marketing
    • πŸ‹οΈβ€β™‚οΈPotential Competition
    • πŸ”—Social Links
    • Legal
    • πŸ› οΈQuick Start
    • πŸ€™Contact Us
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  1. Fundamentals
  2. Financial Goals

How the Funds will be used.

Allocation of funds from the sales of the FFM & FFM x Spy-da Collections will be distributed as outlined below:

Spy-da Music Group:

  • Rent for premises for the next 5 years: The funds will be used to secure a suitable space that can house all the companies under the SMG umbrella. This space will also serve as a youth club, providing support and opportunities for underprivileged kids.

Spy-da Productions Ltd:

  • Upgrading hardware and software: The majority of the funds allocated to Spy-da Productions will be invested in enhancing the mastering and vocal chains through the addition of newer hardware and software. This will ensure high-quality production capabilities.

  • Hiring a Full-Time Social Media Manager: A dedicated professional will be brought on board to run effective marketing campaigns and promote the studio and its services across all social media platforms.

  • Hiring Sales Staff: To generate new business, a sales team consisting of gradually increasing members will be hired. Their compensation will be based on a combination of salary and commission.

  • Hiring In-House Marketing Staff: An in-house marketing team will be recruited to execute marketing strategies across various social media platforms.

  • Hiring Junior Producers: To support the growth of the studio, junior producers will be employed, contributing to the overall production process.

Spy-da Recordings:

  • Artist Advances: Funds will be allocated to provide advances to artists signed to Spy-da Recordings, supporting their creative endeavour's.

  • Staff: The necessary staff members, such as administrative personnel, AnR staff, and a dedicated PPL & PRS administrator, will be hired to manage the operations of Spy-da Recordings effectively.

Spy-da Music:

  • Completion of Spy-daMusic.com platform: The funds will be used to finalise any remaining development work on the Spy-daMusic.com platform.

  • Development of iPhone and Android Apps: The mobile apps will be further developed and optimised for a seamless user experience.

  • New Feature for the Store: Additional features will be added to the store section of the platform, enhancing the user interface and expanding the range of available content.

  • Integration of Web 3.0 Technologies: The integration of technologies like MetaMask and other wallets will enable Web 3.0 functionalities and enhance user interactions.

  • Integration with ETH Blockchain: The platform will be integrated with the Ethereum blockchain to leverage its capabilities for secure transactions and ownership verification.

  • Staff: Various staff members, including administrative personnel, AnR staff, and a developer dedicated to building the MetaVerse and Spy-da City, will be hired.

Spy-da Music Publishing:

  • Administrative Staff: Three administrative staff members will be employed to handle publishing and licensing deals and agreements effectively.

Community Pool:

  • Supporting community projects: A portion of the funds will be allocated to create a community pool of Β£250,000. The Discord community will have the opportunity to vote on and execute projects that benefit the community. Participants in these projects will receive a stake in the winning ventures.

  • Empowering others and making a positive impact: SMG aims to establish an empire that not only focuses on its own success but also empowers others and creates real change in people's lives and communities. A portion of the funds will be dedicated to supporting individuals and communities in need.

Youth Club:

  • Providing support for underprivileged kids: SMG recognises the challenges faced by underprivileged kids and aims to make a difference by establishing a youth club. This club will offer opportunities for involvement in various aspects of media, providing training and tools for the music business and media industries.

  • Partnership for career guidance: SMG is actively working on a partnership to assist individuals who are unsure about their career paths, particularly in music and media. More information about this partnership will be shared in the future.

Detailed Information: For potential investors seeking a comprehensive breakdown of the project, please reach out to us to discuss

PreviousFinancial GoalsNextThe Gap / The Market

Last updated 1 year ago

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