Sony's Soneium Blockchain Debuts First Music NFT Collection with Coop Records

Sony's Soneium blockchain has launched its first music NFT collection, marking a significant step in the intersection of blockchain and the music industry.

The debut collection was created in collaboration with onchain record label Coop Records, which aims to revolutionize music monetization and distribution through blockchain technology.

“In collaboration with Soneium, Coop Records is redefining music monetisation models,” Soneium said in a post on X.

Tokyo Producer NUU$HI Drops 22-Minute Unreleased Track as NFT on Sonova

The NFT collection features a 22-minute-long unreleased music track from Tokyo-based producer NUU$HI and is now live on Sonova, Soneium's NFT marketplace.

The track is priced at 0.000777 ETH ($2.11), with 644 copies minted at the time of writing.

Coop Records, a community-owned record label, has already moved over 600 songs onchain and seeks to address the inequitable profit-sharing models prevalent in the traditional music industry.

The label leverages blockchain to ensure fairer revenue distribution between artists, streaming platforms, and record labels.

Founder Cooper Turley previously highlighted the shift in focus within the crypto space, 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."

Soneium echoed this sentiment, emphasizing its commitment to supporting artists with fair distribution models.

Sony's Soneium Blockchain Debuts First Music NFT Collection with Coop Records

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Tokyo Producer NUU$HI Drops 22-Minute Unreleased Track as NFT on Sonova

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