MUSIC, a music tokenization platform based on Story's ecological music, launched $DRIP, a top 100 DJ hot single token, and a 20% supply airdrop was launched

MUSIC, a music tokenization platform based on Story's ecological music, launched $DRIP, a top 100 DJ hot single token, and a 20% supply airdrop was launched
PANews
PANews
IP+0.36%

PANews reported on May 30 that MUSIC officially released the single "Drip Drip" created by the top 100 DJ R3HAB on-chain asset $DRIP. According to the tokenomics model, 20% of the supply will be used for the first round of airdrops, and the snapshot has been completed.

The platform has completed the migration from Base to Story Chain, and supports $MUSIC one-click cross-chain. Transactions will use Story's native token, $IP, as a gas fee.

This model realises the confirmation of rights and real-time profit sharing on the music IP chain, and artists can obtain income through 1% transaction share, licensing fee and derivative share. R3HAB and Sony Tencent's joint venture label has received 15% token allocation, and the rest will be used for community incentives.

The launch marks an important progress in the innovative application of music assets in the Web3 field, providing a new monetisation channel for creators.

Show original
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.