Coinbase-backed Layer-2 network Base announced on December 19th that it has formed a partnership with blockchain music platform Sound xyz. Accordingly, artists will now be able to offer their music tracks to their followers through the Base ecosystem’s NFT infrastructure. Music tracks with NFT infrastructure had previously been discussed within the Ethereum ecosystem but had not reached the desired popularity.
A Significant Step in the Base Network
In a post published through social media platform X, Sound xyz explained that because Base is an Ethereum Layer-2 network, it offers cheaper gas fees and faster transactions for offering tracks as NFTs to users. These factors will also allow artists to deposit or withdraw without buying crypto or bridging funds.
The first track titled “Based” is a blockchain-themed song presented on Base by artists Reo Cragun and Heno. Sound stated that the most significant benefit for the music field in the Web3 sector would be to leverage Base network’s over 100 million users. It was emphasized that music is a fantastic entry point for a whole new generation of users to join the ecosystem.
The Music Industry and Web3
Last year, the transition of the music industry to the Web3 space gained momentum with some of the biggest names in the Web2 scene trying out blockchain infrastructure versions. American metal band Megadeth, with millions of fans worldwide, introduced a new NFT collection at the beginning of December, offering fans new ways to connect in both physical and digital realities.
Earlier this month, the first studio demo of pop legend Michael Jackson was released as a digital record on the blockchain through the blockchain-based music platform Anotherblock, a move that took place fifty years after the recording was made.
In November, entrepreneur and legendary rapper Snoop Dogg’s son Cordell Broadus made striking statements on the subject, explaining what is needed to bring legacy artists into the Web3 sector and build a new legacy in the future of music using tools like blockchain and NFTs.
