Plume Network and Music Protocol have teamed up to advance tokenization and monetization of music assets, introducing new opportunities for the industry.
Partnership Announcement
On February 24, the partnership between Plume Network and Music Protocol was announced. This collaboration will enable the music royalties tokenization platform to leverage Plume Network's modular blockchain to bring music intellectual property on-chain.
Blockchain's Role in the Music Industry
Music Protocol aims to transform ownership in the music industry through the real-world assets (RWA) space. By utilizing blockchain technology’s transparency and security along with crypto’s liquidity, the platform enables programmable music IP on-chain, creating new financial opportunities for investors.
Further Developments at Plume Network
With financial support from a Plume Foundation grant, Music Protocol will expand the accessibility of RWA music on-chain. In January, Plume launched SkyLink, a cross-chain integration solution, planning to deploy it across 18 blockchains like Solana and Core, targeting institutional RWA adoption.
The partnership between Plume Network and Music Protocol opens new horizons for music asset tokenization, supporting the creation of an ecosystem that offers investment opportunities and new revenue streams.
