Close Menu
Global News HQ
    What's Hot

    Xbox Games Showcase 2025: all the news and trailers

    June 9, 2025

    Unlock Business Growth by Encouraging Customers to Complain for Valuable Feedback

    June 9, 2025

    Blank Pi Network Wallets Spark Outcry—What’s The Network Hiding?

    June 9, 2025
    Recent Posts
    • Xbox Games Showcase 2025: all the news and trailers
    • Unlock Business Growth by Encouraging Customers to Complain for Valuable Feedback
    • Blank Pi Network Wallets Spark Outcry—What’s The Network Hiding?
    • Catching Falling Knives? Smart Strategies for Buying Stocks in a Downturn. | The Motley Fool
    • One of the World’s Greatest Wine Collectors Is Auctioning Off Prized Bottles
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • Xbox Games Showcase 2025: all the news and trailers
    • Unlock Business Growth by Encouraging Customers to Complain for Valuable Feedback
    • Blank Pi Network Wallets Spark Outcry—What’s The Network Hiding?
    • Catching Falling Knives? Smart Strategies for Buying Stocks in a Downturn. | The Motley Fool
    • One of the World’s Greatest Wine Collectors Is Auctioning Off Prized Bottles
    • Gia Giudice Explains Why She’s Planning to Move Out of Her Family’s New Jersey Home: “It’s a Lot” | Bravo
    • 9 Game-Changing Uses for Essential Oils to Freshen Up Your Cleaning Routine
    • Walmart Pursues Used Luxury Fashion, from Rolex to Gucci
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Cryptocurrency & Blockchain - Sony’s Soneium Releases First Music NFT Collection With Coop Records’ NUU$HI Drop – Decrypt
    Cryptocurrency & Blockchain

    Sony’s Soneium Releases First Music NFT Collection With Coop Records’ NUU$HI Drop – Decrypt

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Sony’s Soneium Releases First Music NFT Collection With Coop Records’ NUU$HI Drop – Decrypt
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Sony’s blockchain platform Soneium has launched its first-ever music NFT collection, featuring unreleased tracks from Tokyo-based producer NUU$HI in collaboration with Web3 label Coop Records.

    The collection, hosted on Sonova, Soneium’s NFT marketplace, is priced at 0.000777 ETH ($2.11), running until the end of the month, with approximately 124 out of 999,999 NFTs minted so far.

    Soneium, an Ethereum Layer-2 blockchain developed by subsidiary Sony Block Solutions Labs, has positioned itself as a platform for digital content distribution, though adoption remains in its early stages.

    Meanwhile, Coop Records, founded by crypto entrepreneur Cooper Turley, has previously brought over 600 songs on-chain, working with artists such as Zeds Dead, San Holo, and Barry Can’t Swim. 

    The label promotes NFT-based music ownership as an alternative to traditional industry models despite Web3 music monetization failing to reach sustained mainstream adoption.

    Music NFTs face market hurdles

    Turley has previously acknowledged the challenges of creator monetization in crypto, particularly in tokenized ecosystems. 

    “It’s basically impossible for creators with a high profile to launch a token, and it not end poorly for them in today’s market,” he wrote in a Thursday post on X.

    He added that best practices for sustainable token-based monetization models do not yet exist and that Web3 revenue expectations for creators remain misaligned with investor behavior.

    While NFTs have been promoted as a way for artists to bypass record labels and retain greater control over revenue, sales have fluctuated. 

    Music NFTs saw notable early successes in 2021, including Kings of Leon’s $2 million NFT album release, but the sector has since struggled to achieve consistent growth amid a broader NFT market downturn.

    Sony’s Web3 expansion

    Sony has been expanding its presence in blockchain infrastructure, but Soneium’s focus remains largely experimental. 

    The platform officially launched its mainnet on January 14, 2025, following a four-month testnet phase that began in August 2024. 

    During the test period, Soneium said it recorded over 14 million user accounts and processed 47 million transactions, though its long-term adoption remains uncertain. 

    The company has not yet announced plans to integrate the platform into its wider entertainment or music business. 

    While the NUU$HI drop is part of a planned series of releases on Sonova, it remains unclear whether Sony will scale its involvement in blockchain-based music distribution.

    A Soneium representative did not immediately respond to Decrypt’s request for comment on those points.

    Daily Debrief Newsletter

    Start every day with the top news stories right now, plus original features, a podcast, videos and more.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleSee the Southern Hospitality Vegas Hookup That Didn’t Get Caught on Camera | Bravo TV Official Site
    Next Article Today's NYT Mini Crossword Answers for Feb. 7 – CNET

    Related Posts

    Blank Pi Network Wallets Spark Outcry—What’s The Network Hiding?

    June 9, 2025

    Bigger than Coca-Cola? If Tether went public, it could reach a $515B valuation

    June 8, 2025

    ‘Bitcoin Family’ revamps security after crypto crime wave

    June 8, 2025

    Cudis Bets on Wearables, AI and a Solana Token to Drive the Longevity Movement – Decrypt

    June 8, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Technology & Gadgets
    1 Min Read

    Xbox Games Showcase 2025: all the news and trailers

    Capping off a very busy week in the world of gaming is Microsoft with its…

    Unlock Business Growth by Encouraging Customers to Complain for Valuable Feedback

    June 9, 2025

    Blank Pi Network Wallets Spark Outcry—What’s The Network Hiding?

    June 9, 2025

    Catching Falling Knives? Smart Strategies for Buying Stocks in a Downturn. | The Motley Fool

    June 9, 2025
    Top
    Technology & Gadgets
    1 Min Read

    Xbox Games Showcase 2025: all the news and trailers

    Capping off a very busy week in the world of gaming is Microsoft with its…

    Unlock Business Growth by Encouraging Customers to Complain for Valuable Feedback

    June 9, 2025

    Blank Pi Network Wallets Spark Outcry—What’s The Network Hiding?

    June 9, 2025
    Our Picks
    Technology & Gadgets
    1 Min Read

    Xbox Games Showcase 2025: all the news and trailers

    Capping off a very busy week in the world of gaming is Microsoft with its…

    Business & Entrepreneurship
    8 Mins Read

    Unlock Business Growth by Encouraging Customers to Complain for Valuable Feedback

    Key TakeawaysCustomer Feedback is Essential: Actively encouraging complaints helps identify opportunities for improving products and…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version