Sony’s Blockchain Platform Launches Music NFT Collection
07.02.2025 17:00 1 min. read Kosta Gushterov SHARE: 0 SHARES Soneium, Sony’s blockchain platform, has teamed up with Coop Records to launch its inaugural music NFT collection. The collaboration introduces a new way for artists to monetize their work through blockchain, with a focus on fairer profit distribution. The collection features a 22-minute track by NUU$HI, a Tokyo-based producer, and is available for purchase on Soneium’s NFT marketplace, Sonova. Priced at just $2.11 (0.000777 ETH), 644 NFTs have already been minted. Coop Records, a community-owned label with over 600 songs moved on-chain, aims to solve the longstanding issue of revenue imbalances between artists, labels, and streaming platforms. By embracing blockchain, they believe creators and dedicated fans will have greater control over the monetization process. The Soneium network, which launched its Ethereum Layer 2 mainnet in January, shares this vision. Sony’s Singapore-based Block Solutions Labs sees the potential of the platform in protecting intellectual rights and facilitating fairer profit-sharing. Since its launch, Soneium has gained over 248,000 accounts and is building a foundation to revolutionize the music industry. Although Sony Music Group, which owns labels like Columbia and RCA, has yet to adopt Soneium, the platform is moving forward with bold plans to reshape how music is shared and sold. Source SHARE: 0 SHARES More Others News Ondo Finance’s New Blockchain Targets Bridging TradFi and DeFi At the Ondo Summit, Ondo Finance introduced its Layer-1 blockchain, Ondo Chain, aiming to address the challenges of tokenizing Real World Assets (RWAs). 07.02.2025 19:00 1 min. read Alexander Zdravkov Gemini Explores Potential IPO Amid Regulatory Shifts and Global Expansion Gemini is exploring the possibility of going public, with an IPO potentially happening later this year. 07.02.2025 18:00 1 min. read U.S. State Moves to Invest in Digital Assets, Sparking Debate Utah is taking bold steps to incorporate digital assets into its financial landscape with the passing of HB 230, which allows up to 5% of public funds to be invested in qualifying digital assets. 07.02.2025 14:30 1 min. read Alexander Zdravkov Tornado Cash Developer Alexey Pertsev Set to Be Released From Prison After several months of imprisonment, Alexey Pertsev, a key developer behind Tornado Cash, is poised for release from custody on February 7, 2025. 07.02.2025 11:00 2 min. read Alexander Zdravkov QR for the Bitcoin/Ethereum Address: QR for the Bitcoin/Ethereum Address: