Music Protocol taps Plume Network to revolutionize music tokenization

Brevan Howard Digital and Haun Ventures Network World Platfets Network and Music Protocol, which is a music asset protocol in the real world, to redefine the distinctive symbol of music and income determination.

Bloom and Music Protocol announced their cooperation on February 24. The partnership will enable the premium code for royalties to take advantage of the Plume network to bring musical intellectual property.

Through the music protocol that aims to transform ownership in the music industry through the RWA space, Blockchain that has been created for this purpose can play a decisive role. The partners have noticed in a declaration that by working together, they can open new opportunities for artists, investors and copyright holders, among other users.

The music protocol facilitates the liquefaction of music royalties by bringing them on board as digital origins.

To achieve this, the Blockchain technology protocol, along with the liquidity of Crypto, is used to enable programming music on the chain. This creates new financial opportunities for investors throughout the industry.

Users will be able to trade and manage the IP music address at lower transactions costs, according to the partners.

“By improving the infrastructure of real assets, Bloom provides an environmental system that ensures a smooth integration of industries such as music, real estate and financing,” the music protocol indicated in a post on X.

Since companies collect IP and Blockchain, they aim to support an ecosystem not only provides investment opportunities, but also new revenue flows. The music protocol will expand access to RWA Music on Chain with a financial support from the Plume Foundation grant.

In January, Bloom announced the expansion of the integration of the crossing chain by solving inter -operating, Skylink. The statute of spreading SkyLink has planned via 18 Blockchain, including Solana, Enjective, Movement, and Core, because it aims to adopt RWA institutional degree.

In early February 2024, Network Plume announced a partnership with the Crypto Latin Latin platform to help distinguish $ 40 million in RWA. The network merged many of the main players in the industry, including Oondo Finance, Google Cloud, Superstate, Fireblocks, Symbiotic, Cobo and Atehir.