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**Breaking News:** Sony Enters the Game: Music NFTs on a New Platform
In a shocking move, Sony has officially launched its own blockchain-based music platform, Soneium. The new venture aims to revolutionize the way we consume and interact with music by introducing a decentralized system that rewards creators fairly.
According to reports, Soneium is designed to create an ecosystem where artists receive fair compensation for their work. This comes as a response to the long-standing issue of unfair profit distribution among record labels, streaming platforms, and performers.
The platform’s mainnet was launched on January 14th, and it already boasts over 248,000 registered accounts and more than 1.9 million participating addresses.
As part of its mission, Soneium plans to develop new mechanisms for creators and enthusiasts alike, allowing them to engage in a fair and transparent manner. This includes the protection of intellectual property rights and creating a system where creators can benefit directly from their work.
In a recent statement, Soneium’s leader and Startale CEO, Sota Watanabe, emphasized that “We are developing this platform with entertainment in mind… In the future, our focus will be on music.”
It is important to note that there has been no official announcement about Sony Music Group collaborating with Soneium. However, it is worth mentioning that these entities do share a common goal of promoting fair and transparent compensation for creators.
The Soneium network’s data reveals an impressive 248,000 registered accounts and over 1.9 million participating addresses, solidifying its position as a significant player in the blockchain and NFT (non-fungible token) space.
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