Sony’s Blockchain Project Soneium Launches Music NFT Collection
Sony's blockchain project, Soneium, has launched its first music NFT collection in collaboration with Coop Records. Key details include:
- The collection features unreleased tracks by producer NUU$HI.
- A 22-minute-long track is priced at 0.000777 Ether (approximately $2.12).
- Coop Records aims to address profit distribution issues in the music industry.
- Coop Records has onboarded over 125 artists and 600 songs to blockchain in the past year.
- The launch aligns with Soneium's mission of fair compensation for creators.
Sony's NFT Developments
- Soneium, built on Ethereum Layer 2, launched its mainnet in January 2025 and has over 248,000 accounts.
- 1.8 million addresses have engaged with the platform in the last month.
- Future developments include intellectual property protection and enhanced revenue-sharing models.
- Sony Block Solutions Labs announced a Fan marketing platform for simplified NFT issuance.
- S.BLOX is preparing an NFT distribution campaign this month.
- This partnership signifies blockchain's potential in transforming music ownership.