Blockchain music platform Sound.xyz said that with the Base ecosystem being an Ethereum layer 2, the gas fees for minting tracks as NFTs are cheaper, and transactions are fast
Coinbase-powered blockchain Base announced a partnership with the blockchain music platform Sound.xyz on December 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 NFTs are cheaper, and transactions are fast. The music platform said these factors will also allow artists to upload and withdraw without buying crypto or bridging their funds.
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.”
The music platform said the most important benefit to the Web3 music scene would be “tapping into” the more than 100 million users on the Base network. It underlined how music is a great entry point for “a whole new generation of users to get on-chain.”
In 2022, the music industry’s crossover into the Web3 space has been accelerating, with some of the biggest names in the traditional scene trying out blockchain-based releases.
With millions of fans globally, the American thrash metal band Megadeth released a new non-fungible token collection in early December, allowing their community new ways to connect in both physical and digital reality.
Earlier this month, the late pop legend Michael Jackson had his first-ever studio demo released on the blockchain as digital vinyl through the blockchain music platform Anotherblock — 50 years after the recording was made and 14 years after Jackson died.
