JAM GALAXY - 2024 YEARLY UPDATE

Last year, Jam Galaxy transformed its foundation by embracing DePIN technology, backed by thorough research and successful proof of concept testing. For this reason, we’ve expanded our scope by developing the Jam Network—a proprietary low-latency infrastructure. Think of it as the “engine” that powers Jam Music (our first showcase in music), but also extends to other distributed applications where ultra-low latency is a must.

In parallel to this, we have successfully finished the beta version of our Jam Music App and prepared infrastructure for rollout in Europe and the United States.. We refreshed our brand identity and welcomed new talent across product development and commercial roles. Our technical team also achieved major milestones in blockchain integration, particularly in network security and reward systems. Currently, we are preparing for two major product releases for Web App and Telegram Mini App.

Product development:

• Jam Music App? - ?The Jam Music App has recently entered its beta version with successful internal testing, featuring comprehensive user profiles, server listings, and jam rooms that can host up to 10 users simultaneously. A notable technical achievement includes successful latency testing between European cities, achieving 22-32ms latency over distances up to 1,600 km.? Both Windows and Mac versions are ready for wider testing. The team has rolled out 6 server locations in Europe providing optimal coverage for early adopters located in most of the continent and 3 server locations in the United States for testing purposes.

• Telegram Mini App - V1 has recently been completed and the first round of internal testing and bug fixing has been finalized and set for launch of V1 in January 2025. It offers a gamified experience with 20 mapped songs and a quest system. Development teams are currently working on additional functionalities and preparing for beta testing, with plans to gather feedback from key stakeholders in early 2025. If you are a musician and you would like your song included, get in touch with our team through our Telegram channel.?

• Jam Network - the team has finalized the development of a headless version of Jam Node i.e. it is possible to operate the node without an interface for now. This is sufficient as this point is the demand side of the network and the low latency tech stack is prioritized at this point.

• Network and Blockchain: Throughout the year, a great deal of progress has been made in the areas of reward system simulation for participants, infrastructure development for nodes - finalizing in full set of DePIN functionalities being available on testnet. Namely functionality for rewards to be calculated, distributed and withdrawn by the node operators. Currently, our blockchain and back-end teams are progressing with the development of the network API, with a focus on security and stability.

New Partnerships and Collaborations

Axone:?

Jam Galaxy's recent partnership with Axone, a blockchain protocol company, provides crucial technical infrastructure to advance two key initiatives that align with the company's core mission. First, Axone's open-source code will enable Jam Galaxy to build a fair compensation system for artists who contribute to AI training data, supporting the development of AI music tools like the AI Synthesizer and AI Song Starter within their DAW. Second, the partnership facilitates the implementation of a DAO-based governance system for virtual bands, allowing transparent decision-making and equitable revenue sharing among band members. With Axone's proven expertise in developing similar solutions for AI image generation models, along with their comprehensive technical support and documentation, Jam Galaxy gains a strong foundation to build a more democratic and artist-friendly music production platform.

Tune FM:

Jam Galaxy and Tune.FM have formed a strategic partnership that combines Jam Galaxy's collaborative music creation tools and AI-powered production capabilities with Tune.FM's innovative decentralized streaming platform and NFT marketplace. This partnership provides Jam Galaxy creators with significant new monetization opportunities through Tune.FM's token ecosystem, which offers up to 100X higher artist compensation compared to traditional streaming platforms. Jam Galaxy users will gain access to Tune.FM's comprehensive suite of features, including the ability to sell multimedia NFTs, offer exclusive super fan experiences (such as meet-and-greets and VIP events), and earn streaming royalties through Hedera Hashgraph blockchain technology, while fans benefit from a pay-as-you-go model and can earn compensation for listening to promoted music streams.

Ronald “Doc” Holiday:

Early in the year, Jam Galaxy partnered with Soundchk Inc. and renowned vocal coach Ronald "Doc" Holliday to integrate his Natural Voice Technique? into our platform through Soundchk.ai. This collaboration brings Doc Holliday's prestigious vocal training curriculum, previously utilized by stars like Britney Spears and Justin Timberlake, to Jam Galaxy's users. The partnership enables users to access AI-enhanced vocal training with minimal latency, combining Doc's proven teaching methodology with Jam Galaxy's real-time collaboration tools, furthering the platform's mission to democratize music production.

Community Engagement and Event Participation:

Throughout 2024, we actively engaged with our community and fostered new partnerships by participating in key events around the globe. At Consensus 2024, we took part in a fireside chat with Macy Grey and Jeroby from A Tribe Called Quest, where we announced our strategic partnership with Tune.FM and the establishment of the Blockchain Music Alliance. Check out Beyond The Code AI Music Session Consensus 2024 Fireside Chat!

Our founder, Dr. Ben Goertzel, presented our vision for the future of music at Token2049 in Singapore, a premier global conference series recognized for fostering innovation and collaboration within the crypto industry. This event attracted over 20,000 attendees from more than 7,000 companies and 150+ countries, providing an unparalleled opportunity to network and exchange ideas.

At DevCon 2024 in Bangkok, we shared our vision with the brightest developer minds and system builders, including Ethereum pioneers. DevCon is known for its focus on the latest developments and future directions in Ethereum and blockchain technology, making it a crucial event for showcasing our technological advancements.

Staying true to our musical roots, we participated in the Amsterdam Dance Event (ADE) Pro conference, which is oriented towards musical tech startups. ADE is the leading conference and festival for electronic music, offering a platform to connect with industry professionals and explore the intersection of music and technology.

We also attended Token2049 in Dubai, a significant crypto event that brought together key players in the digital asset space. This event provided valuable insights and networking opportunities, further solidifying our presence in the web3 community.

Lastly, we were part of WebX Japan, the leading web3 conference where many of the industry's biggest new trends, particularly those originating in Japan, were showcased. This event allowed us to stay at the forefront of web3 innovations and connect with influential figures in the space.

Through these events, we have not only expanded our reach but also deepened our commitment to revolutionizing the music industry through decentralization.

Operational Updates + HR

Our leadership team grew significantly in 2024, starting with Robin Spottiswoode joining as CTO. Under Robin's guidance, our technical capabilities have expanded considerably, with parallel development streams now operating efficiently across our ecosystem. Later in the year, Ibby Benali stepped in as CMO, alongside Kingsley Tan, who brings valuable East Asian web3 marketing expertise. Moreover, we have filled many technical positions in product development. These strategic appointments set us up strongly for our planned product launches in early 2025.?

Outlook for Q1 2025

For Jam Music, our focus will be on leveraging our existing presence in Europe to test and refine the app. Following this initial phase, we will prioritize expanding our user base across Europe and into multiple locations in the United States, ensuring a seamless experience, smooth deployment, and effective user onboarding.

Regarding Jam Network, the upcoming weeks are critical for validating the latency challenges faced by nodes in distributed networks, including DePINs. Our goal is to determine if Jam Network can truly unlock the potential of these networks through a latency-optimized tech stack. Concurrently, the team is pursuing multiple partnerships to develop a proof of concept aimed at optimizing data transfers in latency-sensitive industries beyond music.

Thank you for your continual support and looking forward to showing you our products in the year 2025!

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• Twitter: https://x.com/TheJamGalaxy
• Telegram: https://t.me/JamGalaxyMain
• More: https://linktr.ee/thejamgalaxy

Press contact: [email protected]