Problem Statement**: The What?**

How might we provide a product or service that enables online live collaboration in DAWs that overcomes the common challenges arising from the lack of suitable tools, inconsistencies in required plugins, and varying levels of commitment among collaborators.

Vision Statement: The Why?

CollabTrax is for Music Producers with varying levels of expertise who seek to collaborate with new partners and streamline the file-sharing process, without the ad hoc approach.

CollabTrax is an online DAW with:

• real-time collaboration,
• cloud-based file sharing,
• and live chat features ALL within a single platform.

Strategy: The How?

Primary Goals

• Collaboration: fostering collaboration between music producers from different genres and backgrounds.
• Social chat integration: integrate with the social chat platform to increase exposure and engagement, allowing users to share ideas, thoughts, and experiences with a wider audience.
• Online DAW: able to edit music in real-time with other producers with readily available plugins.
• Community building: focusing on building a genuine community of producers, creating a sense of belonging and loyalty that leads to long-term success.

Secondary Goals (Future-oriented)

• Minting NFTs: think about ways we can help musical artists earn more and engage with their audiences via minting the music they create. When collaborating with others, we can also use NFTs to distribute copyrights and royalties.
• Rewards and incentives: offering rewards or incentives to users who create or purchase NFTs
• Tokenomics: develop a tokens economy that incentivizes users to hold and trade NFTs