The music industry is constantly evolving, with artists seeking innovative ways to share and monetize their creations. In a groundbreaking partnership, Sound has teamed up with BASE, an Ethereum layer 2 platform developed by Coinbase, to revolutionize the music landscape using blockchain technology. This collaboration holds immense potential for artists who are looking to explore new avenues and tap into the world of blockchain.
By partnering with BASE, Sound now offers artists the opportunity to mint their music on the Coinbase blockchain ecosystem. BASE aims to onboard the next billion users into the world of blockchain by providing reduced gas fees and faster transactions. This strategic move empowers artists on Sound to deploy their contracts on BASE, Optimism, or mainnet Ethereum. Sound covers all associated gas fees for uploads, revenue splits, and post-sales withdrawals, making it easier for artists to engage with the blockchain ecosystem without any financial burdens.
The integration of BASE with Sound presents a significant opportunity to attract a large and diverse audience in the coming years. With over 100 million users and a staggering $130 billion in capital on Coinbase, BASE has the potential to become a game-changer in the music industry. This influx of users is expected to drive increased attention to emerging artists in Web3 on Sound, offering them enhanced visibility and opportunities to showcase their talents. By offering a more user-friendly experience and reducing barriers to entry, BASE aims to create a seamless platform for artists and collectors alike.
For collectors, acquiring songs on BASE involves bridging ETH to the platform. Whether through the official BASE bridge, credit card payments, or mainnet ETH, collectors can seamlessly acquire songs delivered on the BASE chain. This opens up a new realm of possibilities for collectors to engage with exclusive content and participate in the music industry in a unique way. To celebrate the launch of this collaboration, BASE has released its first-ever song titled “Based,” produced by Reo Cragun and Heno. This track is available as a free open edition collectible on a special Base profile on Sound, offering collectors a one-of-a-kind opportunity to engage with exclusive music content.
The integration of Sound and BASE represents a significant milestone in the music industry’s development by combining the power of blockchain technology with the creative talents of artists. This collaboration prioritizes user-friendly experiences and aims to open new doors for musicians and fans alike. By leveraging blockchain technology, artists can explore innovative revenue models, retain control over their contracts, and interact with a global audience without intermediaries. The creative possibilities are endless, and this partnership serves as a catalyst for innovation in the music industry.
The collaboration between Sound and BASE ushers in a new era for the music industry. By embracing blockchain technology, artists can leverage its benefits to reach a wider audience, explore novel revenue streams, and retain greater control over their artistic creations. With the combined expertise of Sound and BASE, the future looks promising for artists and music enthusiasts alike. As the music landscape embraces blockchain, innovation and creativity will continue to thrive, shaping the industry into a more inclusive and rewarding ecosystem.
Leave a Reply