Entertainment NFT SOBA coin listed on Coinone
SOBA Coin, a major business of SOBA GLobal Ltd., a blockchain-based entertainment service company, will be listed on Coinone, a domestic virtual asset exchange. SOBA will be added to the Coinone Won (KRW) market from 12:00 noon, and SOBA's deposit support is scheduled to start at 10:00 am on April 13th.
The SOBA project is a blockchain-based project that NFT converts various entertainment contents such as sound sources, pictorials, and videos of domestic and foreign musicians, and will support streaming services within the platform as well as various NFT rentals and transactions between users.
NFT stands for Non Fungible Token, and is a technology that permanently gives the value of scarcity by linking cultural contents in various areas with unique information on the blockchain. Various fields such as games, sports, art, virtual space, and music are already participating in the NFT market, and the scale is about $29 billion based on CoinGecko, a global digital asset market relay site. It is a figure that is well over 32 trillion won in Hanwha-ro.
Taking this trend as a foothold, the SOBA project aims to improve the unbalanced structure of the existing revenue distribution and the complex distribution structure, and lead the future music market. Also SOBA aims to create a community channel through which musicians and listeners can communicate more directly through NFT in a non-face-to-face society caused by the corona pandemic. SOBA invigorates creative activities by providing higher profits to musicians, and by allowing listeners to own their own differentiated content, it adds sensibility to the area of consumption.
An official from the SOBA project said, “I would like to introduce the future music industry through NFT to more people through the release of the beta version of the SOBA platform released on the 2nd and the new listing of SOBA coins. We will actively work to use various NFT services within the platform.”
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