Coinbase-supported Base, a prominent blockchain platform, has recently teamed up with Sound.xyz, a blockchain music platform. Announced a few days ago, this partnership marks a significant milestone for both companies, enabling artists to mint their music as non-fungible tokens (NFTs) within the Base ecosystem. This collaboration is set to transform how music is created, distributed, and owned in the digital age.
One of the key benefits of this alliance is the integration of Ethereum layer 2 technology within the Base ecosystem. This advancement offers artists substantially lower gas fees when minting music tracks as NFTs. Furthermore, it ensures faster transaction speeds, overcoming the typical delays associated with blockchain operations. This development is particularly advantageous for artists who seek to leverage blockchain technology without the high costs and complexity often involved.
Empowering Artists with Simplified Processes
The partnership significantly simplifies the process for artists by facilitating easy uploading and withdrawing of music. This eliminates the need for artists to purchase cryptocurrency or bridge funds. This streamlined approach is expected to attract a wide range of music creators, from well-known artists to emerging talents who are curious about the possibilities of blockchain.
Base’s Ethereum layer 2 not only offers ten times cheaper gas fees and swift transactions but also facilitates free uploads and withdrawals for artists. This feature significantly lowers the barrier to entry for artists interested in the blockchain music space.