Soneium And DayOneDream Want To Put K-Pop Revenue Onchain
TL;DR
- Sony-backed Ethereum Layer 2 Soneium has partnered with South Korean leisure group DayOneDream.
- The firms plan to develop tokenized Okay-pop mental property and income merchandise by the WAVIST platform.
- Future choices might present eligible traders with publicity to money flows from concert events, streaming and music rights, topic to regulatory necessities.
Okay-pop royalties and live performance income have gotten the newest real-world property focused for tokenization.
Soneium, the Ethereum Layer 2 developed by Sony Block Solutions Labs, has partnered with South Korean leisure firm DayOneDream to carry Okay-pop mental property onto blockchain infrastructure.
The collaboration facilities on DayOneDream’s WAVIST platform.
The Asset Is The Revenue, Not The Artist
WAVIST is designed to show particular leisure money flows into investable onchain merchandise.
Those can embody income related to concert events, content material, streaming and different intellectual-property rights.
The construction doesn’t require an artist or manufacturing firm to promote the underlying IP itself.
Instead, an outlined stream of future revenue might be packaged individually, with issuance and settlement information maintained onchain.
WAVIST has already accomplished a full lifecycle for a Okay-pop IP-backed tokenized word, together with issuance, distribution, reimbursement and token burning.
The new Soneium partnership is meant to develop that mannequin additional.
DayOneDream manages and operates companies round artists together with BTOB, Lee Chae Yeon, MeMi and 2F, in addition to concert events and publishing.
The firms haven’t introduced which artist or asset can be used for the primary Soneium-based providing.
They additionally haven’t disclosed its dimension or launch date.
Entertainment Is An Unusual RWA Market
Most real-world asset tokenization has focused on Treasury payments, credit score, funds and equities.
Entertainment rights are a lot much less standardized.
A live performance tour, catalogue or streaming royalty stream can produce actual money circulate, however valuing that revenue may be very completely different from valuing a authorities bond.
That is a part of what makes the Soneium partnership fascinating.
DayOneDream brings entry to leisure property.
WAVIST offers the tokenization construction.
Soneium offers the blockchain setting by which future merchandise might be issued and accessed.
Participation will nonetheless depend upon investor eligibility and relevant securities guidelines.
This is due to this fact not a promise that any fan will quickly be capable of purchase a part of a favorite artist’s catalogue with a crypto pockets.
The first choices nonetheless have to be structured.
But the path is evident.
Tokenization is increasing past property that already appear to be typical monetary merchandise.
Okay-pop has huge world demand and recurring income from concert events, streaming, content material and licensing.
Soneium and DayOneDream are betting that a few of these money flows can develop into monetary property in their very own proper.
This article was written by the News Desk and edited by Samuel Rae.