SONOCOIN TEAMS WITH VEZT TO DELIVER MUSIC ROYALTY NFT PLATFORM DEDICATED TO MUSICIANS AND FANS
Geneva, Switzerland; New York, New York, USA; 21 May, 2021 — SonoCoin’s recent pivot into the NFT space has spurred new opportunities for our partnership with Vezt, Inc. as we look to enhance the digital rights management industry. Development is already underway with plans to unveil the platform on June 30, 2021. The music royalty NFT platform will initially roll-out tiered musical assets based on exclusivity and eventually host a range of tradeable digital assets representing song royalty ownership.
Vezt being the world’s first mobile app to allow fans share fractional royalty rights for songs with artists they love, has the potential to further bridge the earnings divide that runs rampant in the music industry with the help of NFTs. Leveraging an extensive library of musical content and proprietary DRM technology, the Vezt — SonoCoin partnership in combination with Ting Tech’s ‘NFTing’ ecosystem, is strategically positioned to address the shortfalls of a system hopelessly stacked against all but the most established artists.
Comment from Vezt Co-founder & CEO, Steve Stewart, “NFTs have the ability to completely transform the value proposition in the music industry, putting the control back into the hands of creators by offering a medium for peer-to-peer sales within the blockchain and removing many of the costs associated with bringing music to market by opening new paths for financial engagement between artists and fans. We are excited to leverage SonoCoin’s cutting-edge technology to advance the industry to a place of increased equality and transparent monetization for all artists globally.”
We will be releasing exciting information and details about the platform in the coming weeks.
About Vezt Inc.
Vezt is the first mobile app where music fans can share royalty rights for songs and recordings by artists they love. Vezt is changing the music industry by providing artists, songwriters, and producers with funding sourced directly from their fans on a global basis. In exchange, fans receive royalties earned by their favorite songs and recordings. Vezt distributes these royalties to participating fans from performing rights organizations, publishers and record labels and employs proprietary blockchain technology to track the transactions.
SonoCoin is a native proof-of-stake blockchain platform: the first to host audible friendly tokens. It combines smart contract technology with breakthrough data-over-sound capability.