Ethereum

Base

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 <a href="https://en.coin-turk.com/walmart-makes-innovative-move-pudgy-penguins-toys-to-be-sold/" data-wpel-link="internal">NFT</a> infrastructure. Music tracks with NFT infrastructure had previously been discussed within the <a href="https://en.coin-turk.com/grayscale-reveals-5-billion-ethereum-accumulation-after-sec-victory/" data-wpel-link="internal">Ethereum</a> ecosystem but had not reached the desired popularity. 
<h2 class="p1" style="text-align: justify" id="a-significant-step-in-the-base-network">A Significant Step in the Base Network</h2> 
In a post published through <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude">social media</a> 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. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-291716" src="https://coin-turk.com/wp-content/uploads/2023/12/sound-tweet.png" alt="" width="550" height="564"> 
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. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-291717" src="https://coin-turk.com/wp-content/uploads/2023/12/base-tweet.png" alt="" width="550" height="416"> 
<h2 class="p1" style="text-align: justify" id="the-music-industry-and-web3">The Music Industry and Web3</h2> 
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. Continue Reading: <a href="https://en.coin-turk.com/significant-step-in-the-base-network-for-music-and-nfts/" data-wpel-link="internal">https://en.coin-turk.com/significant-step-in-the-base-network-for-music-and-nfts/</a>

Significant Step in the Base Network for Music and NFTs

Table of Contents

COINTURK NEWS

Other articles published on Dec 20, 2023

Bitcoin Price Stays Above $44K Despite Whales Dumping BTC To Coinbase & Binance

Okcash Official Listing at AmpleSwap: Elevating Your OK Crypto with Yield Farming

Cardano Foundation Partners with Petrobras to Offer Blockchain Education

Investors and Visionaries Chart a Course for Success: VC Founders Yacht Cruise Returns to Dubai!

Latest Xbox Firmware Update Addresses Baldur’s Gate 3 Crashes

Solana (SOL) and Retik Finance (RETIK) Keep Surging Ahead Whereas Tron (TRX) Remains Stagnant

Join our free newsletter for daily crypto updates!