- Base blockchain partners with Soundxyz to allow artists to mint music as NFTs on Base’s Ethereum layer 2, providing cheaper gas fees and faster transactions.
- The first song minted is “Based,” a blockchain-themed track by artists Reo Cragun and Heno with lyrics about bringing people on-chain.
- The partnership aims to tap into Base’s 100M+ users to continue bringing musicians and fans into Web3, as the traditional music industry increasingly crosses over.
Base, a Coinbase-powered blockchain ecosystem, has partnered with blockchain music platform Soundxyz to allow artists to mint music on-chain. The partnership’s inaugural track is a blockchain-themed song called “Based.”
The Partnership
Base announced the partnership with Soundxyz on December 19. With Base being an Ethereum layer 2, gas fees for minting tracks as NFTs are cheaper and transactions are faster. These factors also allow artists to upload and withdraw without purchasing crypto or bridging their funds.
The Song
“Based” was minted on Base by artists Reo Cragun and Heno. Its lyrics include “We’re bringing a billion on-chain. Some people leave whenever there are tough times but shout out to the real ones that stuck by.”
Sound said the most significant benefit to the Web3 music scene would be tapping into the over 100 million users on the Base network. It highlighted how music is a great entry point for a whole new generation of users to get on-chain.
The Future
In the past year, the music industry’s crossover into the Web3 space has been picking up speed, with some of the biggest names in the traditional scene trying out blockchain-based releases.
With millions of fans worldwide, the partnership between Base and Soundxyz aims to continue bringing musicians and fans on-chain. As the inaugural track says, the goal is “bringing a billion on-chain.”
