Blockchain project Soneium, a project of Sony, announced the launch of its first music NFT - a collection developed in partnership with Coop Records. The collection includes unreleased tracks by Japanese musician NUU$HI (real name Nuushi Harada).
Musical NFT includes a 22-minute track worth 0,000777 Ether (about $2,12). The collection is now available on the Soneium Sonova marketplace.
Coop Records said the launch of a music collection of non-fungible tokens addresses the problem of unfair distribution of revenue between record labels, streaming services and artists.
Cryptocurrency is finally entering an era where apps are front and center and tokens are front and center, with creators and power users the biggest winners, said label founder Cooper Turley.
Coop Records is a crypto-founded label that has already put over 600 songs on the blockchain. Over the past year, the project has attracted almost 125 artists to the blockchain, including Zeds Dead, San Holo, and Barry Can't Swim.
Soneium mainnet was launched in January 2025 on the blockchain Ethereum . It is actively developing, and now there are more than 248 accounts registered in the project.
