Sony’s Blockchain Platform Moves Into Music NFTs
Sony’s
Ethereum Layer 2 blockchain, Soneium, has launched its
first music NFT collection in partnership with
onchain record label Coop Records. The collection features unreleased tracks from Tokyo-based producer
NUU$HI, available on
Sonova, Soneium’s native NFT marketplace.
Blockchain-Based Fair Revenue Distribution for Artists
Coop Records and Soneium are
challenging traditional music industry monetization models, where streaming platforms and labels often take
a significant share of artist earnings. Their goal is to use blockchain technology to create a more
transparent and equitable system, where
royalties are distributed fairly between artists and rights holders.
Sony’s Growing Web3 Footprint
Soneium, launched on
January 14, 2025, has already
onboarded over 248,000 accounts. While
Sony Music Group owns major labels like Columbia Records and RCA, no official integration between Sony’s mainstream music division and
Soneium has been announced. However, Sony’s blockchain team has stated that
intellectual property protection and fair profit-sharing are key use cases for its
Web3 entertainment strategy.
Potential Industry Shift Toward Web3 Music
With major tech companies such as
Warner Music and Universal exploring blockchain music initiatives, Soneium’s launch signals a
wider trend toward NFT-backed music distribution. If successful, it could pave the way for more
mainstream music companies to enter the NFT space.
