Base blockchain will get its own song and mint first single as NFT
Coinbase-powered blockchain Base announced on December 19th that it has partnered with blockchain music platform Sound.xyz, which will now allow artists to create music through the Base ecosystem.
According to Sound.xyz, who posted on X (formerly Twitter), since the base ecosystem is Ethereum Layer 2, the gas fees for making tracks using non-fungible tokens (NFTs) are cheap, and transactions are fast. These factors allow artists to upload and spend without buying crypto or tying up their funds, he said.
Base is Ethereum Layer 2, which means:
• 10x cheaper gas bills.• Lightning fast transactions.• Free uploads and withdrawals for artists.
More importantly, bass opens up a whole new audience to music collecting…
— sound.xyz (@soundxyz_) December 19, 2023
The first track, “Based,” a blockchain-themed song by artists Reo Cragun and Heno Base. The lyrics read, “We're bringing a billion in chains. Some people give up when times are tough, but they cry out to those around them.
Join us for ONCHAIN Stories where @jessepollak talks about the new song @soundxyz_ with ReoCragun and @mynameisheno.
In 30 minutes from 12:30pm PT, powered by @Livepeer https://t.co/QuvQYODs49
— Base️ (@BuildOnBase) December 19, 2023
Voice said the most significant benefit for the Web3 music scene would be “hitting” more than 100 million users on the basic network. He highlighted how music is a great gateway for “a whole new generation of users to get into the chain”.
Related: Grimes partners with music platform to make 200+ AI songs available to creators
Over the past year, the music industry's move into the Web3 space has been gaining momentum, with some of the biggest names in the music scene experimenting with blockchain-based releases.
With millions of fans around the world, American thrash metal band Megadeth released a new NFT collection in early December, allowing their community new ways to interact in physical and digital realities.
Earlier this month, the late pop legend Michael Jackson was released on blockchain for the first time on digital vinyl by blockchain music platform Otherblock – five decades after the recording was made and 14 years after Jackson's death.
In November, Cointelegraph spoke with entrepreneur and son of famous rapper Snoop Dogg Cordell Broadus (Champ Medici), who explained what it takes to bring old artists to Web3 and build a new legacy for future music using blockchain and NFTs.
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