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The Labz
Location: to be updated, Atlanta, georgia, United States
Founded in: 2017
Stage: Pre-launch
Number of employees: 1-5
Short URL: vator.co/the-labz
Referred by: Tech.co
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The Labz

Startup/business
Atlanta, georgia, United States
http://www.thelabz.com
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Company description

The LABZ is a cloud-based blockchain music creation and real-time collaboration platform that programmatically collects song data needed for facilitation of electronic exchanges of contracts and digital copyrights.


https://youtu.be/MI-p06JT-q8


Team
Business model

 

  • Tiered subscription model:

 

Based on substantial customer discovery and the MVP, we have devised a tiered subscription model designed to allow artists to get experience with the platform and to subscribe and pay for relevant features that provide more value.    To date, the tiers include: Free user (collaboration platform which also provides us with usage data, insight, and building of the community; “Artist” tier focused in features for their individual needs; “Band” tier which brings in features for a more complex environment; “Management” tier which is a B2B model.  

Competitive advantage

To date, music documentation platforms require artists to come out of the creative process, try to remember “who did what”, and then to become documentarians, data-entry clerks and technology/platform managers.  Artists are using upwards of 10 applications at once to complete one song. Even 10 applications used simultaneously does not fulfill the artist needs. Our solution, The Labz platform, uses technology at its best - allowing artists to do what they do while pulling out critical data for documentation and payment accuracy purposes. With The LABZ platform, artist get an ease of mind, control and self-empowerment.