Coinbase-Powered BASE Teams Up with Sound.xyz to Revolutionize Music Minting with NFTs
Summary:
Coinbase-supported blockchain BASE partners with Sound.xyz, a blockchain music platform, to allow artists to create music through the BASE network. This Ethereum layer 2 system facilitates inexpensive minting of tracks as NFTs with faster transactions. Artists Reo Cragun and Heno launched the first blockchain-themed track on BASE. Additional advantages of the partnership include tapping into BASE's extensive 100 million user network and facilitating the crossover of the music industry into Web3.
On December 19th, BASE, a blockchain powered by Coinbase, signed a collaboration agreement with Sound.xyz, a blockchain music platform. This partnership provides the opportunity for artists to create music through the BASE network. Sound took to X, known formerly as Twitter, to announce that the BASE system as an Ethereum layer 2 allows for inexpensive minting of tracks as nonfungible tokens (NFTs) and speedy transactions. Artists can also import and extract without the necessity of acquiring cryptocurrency or bridging their money due to these variables.
Reo Cragun and Heno, two artists, minted the first song called "Based" on BASE, a track themed on blockchain. The lyrics include the line, "We're bringing a billion on-chain. Shout out to the genuine ones who stick with us through difficult times."
Sound emphasized the major advantage of the Web3 music scene as leveraging the extensive user base of over 100 million on the BASE network. It pointed out how music makes a perfect entry point in bringing a new user generation on-chain.
In recent years, the crossover of the music industry into the Web3 space has been fast-paced, evidenced by major traditional players exploring blockchain-based releases. In early December, Megadeth, the renowned thrash metal band, launched a new collection of NFTs, presenting novel ways for their worldwide fanbase to interact virtually and physically. Meanwhile, Michael Jackson, the deceased pop legend, had his first studio demo released as digital vinyl via the blockchain music platform Anotherblock, surprising his fans 50 years after the recording and 14 years after his demise.
This year, Cordell Broadus (Champ Medici), entrepreneur and son of the legendary rapper Snoop Dogg, had a conversation with Cointelegraph about the steps needed to introduce legacy artists to Web3 and develop a fresh legacy for the future of music with tools such as blockchain and NFTs.
Published At
12/20/2023 1:10:52 PM
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