Reported by The Block: Soneium announced the launch of its first music NFT collection in collaboration with crypto record label Coop Records.
Soneium launched on mainnet on Jan. 14, 2025, with an aim to provide fair distribution of profits to creators.
Sony’s public blockchain platform Soneium announced today the first collection of music NFTs launched on the network, in collaboration with onchain record label Coop Records.
“In collaboration with Soneium, Coop Records is redefining music monetisation models,” Soneium’s official X handle wrote today.
The NFT music collection contains a set of unreleased music from Tokyo-based producer NUU$HI, and is now live on Soneium’s NFT marketplace Sonova, according to the announcement.
The 22-minute-long music NFT is priced at 0.000777 ETH ($2.11), with 644 minted so far at the time of writing.
Fair distribution
Coop Records, a community-owned label that has moved over 600 songs onchain, aims to solve unfair distribution of profits among labels, streaming platforms and artists with blockchain technology.
“Crypto is finally entering the era where apps are the main focus,” Coop Records founder Cooper Turley wrote on X last month. “And with tokens at the center — creators and power users will be the biggest winners.”
Soneium stated in its announcement that Turley’s idea of fair distribution aligns with the network’s core goal to create an ecosystem where creators receive the recognition they deserve.
Sony Block Solutions Labs, the conglomerate’s Singapore-based unit, previously said the potential use cases of Soneium include protecting intellectual rights for creator-generated content and developing new mechanisms for fair profit-sharing between creators and fans.
The company launched the Ethereum Layer 2 Soneium’s mainnet on Jan. 14.
“We are building the internet for entertainment … The next focus will be music,” Soneium Director and Startale CEO Sota Watanabe wrote on X.
While Sony Music Group owns mega-music labels such as Columbia Records and RCA Records, there has yet to be a crossover effort between those labels and Soneium.
According to the network’s official data, Soneium has accumulated over 248,000 accounts and 1.9 million total addresses participating in the blockchain.
NFT
Layer 2
