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🎵 Sony Launches Soneium Blockchain & First Music NFTs!
Sony is officially stepping into Web3 with the launch of Soneium, its own Layer-2 Ethereum blockchain, and the release of its first music NFT collection!
🔹 What’s happening?
🏗️ Soneium blockchain developed by Block Solutions Labs
🎼 Music NFTs feature unreleased tracks from Tokyo producer NUU$HI
🛒 Available on Sonova marketplace for 0.000777 ETH (~$2.11)
📊 Soneium’s Stats So Far
🔥 14M user accounts created
⚡ 47M transactions processed
🏗️ Sony’s future Web3 plans remain unclear
🔹 Web3 Music & NFT Struggles
💿 Coop Records has released 600+ blockchain tracks from major artists 🎧
📉 Despite early successes (e.g., Kings of Leon’s $2M NFT album), the NFT music industry is still searching for sustainable monetization.
💬 Is Web3 the future of the music industry, or will NFT music remain niche?
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.