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 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 realizes 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 monetization channel for creators.

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