Soneium has introduced its first music non-fungible token (NFT) collection, featuring unreleased tracks by NUU$HI, a Tokyo-based producer.
According to Soneium’s post on X, this release is a collaboration with Coop Records, a Web3 music label focused on blockchain-based music distribution.
Coop Records, founded by crypto entrepreneur Cooper Turley, has already brought over 600 songs on-chain, working with artists like Zeds Dead, San Holo, and Barry Can’t Swim. The label promotes NFTs as an alternative to traditional music ownership, though Web3-based music platforms have yet to see widespread success.
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Turley has acknowledged the difficulties artists face when trying to monetize their work through crypto. In a February 7 post on X, he said:
It’s basically impossible for creators with a high profile to launch a token, and it does not end poorly for them in today’s market.
The music collection is available on Sonova, Soneium’s NFT marketplace, and is priced at 0.000777 ETH
Soneium operates as a Layer-2 blockchain on Ethereum, developed by Sony Block Solutions Labs. It aims to support digital content distribution.
Recently, the co-founder of Ethereum, Vitalik Buterin, shared his views on Soneium through the social media platform X. What did he say? Read the full story.
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