Coinbase-powered blockchain Base announced a partnership with the blockchain music platform Sound.xyz on Dec. 19, which now allows artists to mint music via the Base ecosystem.
In a post on X (formerly Twitter), Sound.xyz said that with the Base ecosystem being an Ethereum layer 2, the gas fees for minting tracks as nonfungible tokens (NFTs) are cheaper, and transactions are fast. It said these factors will also allow artists to upload and withdraw without purchasing crypto or bridging their funds.
Base is an Ethereum layer 2 which means:
• 10x cheaper gas fees.
• Lightning fast transactions.
• Free uploads and withdrawals for artists.
Most importantly, Base unlocks a huge new audience for collecting music…
— sound.xyz (,) (@soundxyz_) December 19, 2023
The first track, a blockchain-themed song called “Based,” was minted on Base by artists Reo Cragun and Heno. Its lyrics include “We’re bringing a billion on-chain. Some people leave whenever there are tough times, but shout out to the real ones that stuck by.”
Join us for ONCHAIN STORIES where @jessepollak will be talking with @ReoCragun and @mynameisheno about the new song on @soundxyz_
Starting in 30 minutes at 12:30pm PT, powered by @Livepeer https://t.co/QuvQYODs49
— Base ️ (@BuildOnBase) December 19, 2023
Sound said the most significant benefit to the Web3 music scene would be “tapping into” the over 100 million users on the Base network. It highlighted how music is a great entry point for “a whole new generation of users to get on-chain.”
Related: Grimes’ collaboration with music platform makes 200+ AI songs available for creators
In the past year, the music industry’s crossover into the Web3 space has been picking up speed, with some of the biggest names in the traditional scene trying out blockchain-based releases.
With millions of fans worldwide, the American thrash metal band Megadeth released a new NFT collection in early December, allowing their community new ways to connect in both physical and digital…
..
