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.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is Crypto Arbitrage? (Risks & Tips Explained With Animation)
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.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
