Sony NFT- Sony’s Soneium Platform Unveils First Music NFT Collection with Coop Records
Sony NFT– Sony’s public blockchain platform, Soneium, has officially launched its first collection of music NFTs, marking a significant milestone in the music industry’s evolution with blockchain technology. This collaboration with on-chain record label Coop Records is set to redefine music monetization models, according to the official announcement on X by Soneium’s team.
Soneium and Coop Records: A Game-Changer in Music Monetization
The debut NFT music collection includes unreleased tracks from Tokyo-based producer NUU$HI, now available for purchase on Soneium’s NFT marketplace, Sonova. Priced at just 0.000777 ETH ($2.11), the 22-minute music NFT has already seen 644 units minted as of the latest data.
The collaboration with Coop Records, a community-owned label that has already moved over 600 songs onto the blockchain, highlights the ongoing shift in how artists, labels, and streaming platforms distribute music. Coop Records aims to address the issue of unfair profit distribution, using blockchain to ensure that creators are fairly compensated for their work.
Redefining Fair Distribution in the Music Industry
Coop Records’ founder, Cooper Turley, emphasized this shift on X, stating, “Crypto is finally entering the era where apps are the main focus. And with tokens at the center — creators and power users will be the biggest winners.” This philosophy aligns with Soneium’s core mission of creating a fair ecosystem where artists and creators receive the recognition and profits they deserve.
Soneium’s approach is also grounded in its vision for the future of digital entertainment. The Ethereum Layer 2-based platform seeks to protect intellectual property and create fair profit-sharing systems between creators and their fans, positioning it as a potential game-changer in the music industry.
What’s Next for Soneium: The Future of Music on the Blockchain
Soneium’s blockchain network launched its mainnet on January 14, 2025, and its focus is now on expanding into the music sector. “We are building the internet for entertainment… The next focus will be music,” said Soneium Director and Startale CEO Sota Watanabe on X.
While Sony Music Group, which owns prominent labels like Columbia Records and RCA Records, has not yet integrated Soneium’s technology with its music catalog, the success of this initial NFT collection could lead to future collaborations in the space.
As of now, Soneium has gathered impressive traction, with over 248,000 accounts and 1.9 million total addresses participating in the platform’s blockchain, signaling strong interest in the new ecosystem.
Soneium’s entry into the NFT music space and its vision for fairer distribution marks an exciting development, not only for the music industry but also for the growing intersection of blockchain technology and entertainment. As Soneium continues to evolve, it remains to be seen how other major players in the music world will engage with this innovative platform.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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