Entertainment NFT SOBA Lists on LATOKEN Exchange
Blockchain-based entertainment NFT project SOBA token was listed on the global virtual asset exchange LATOKEN USDT market on the 9th (Friday).
SOBA is a project to apply NFT to the music entertainment field. The SOBA platform supports streaming services as well as free transactions and rentals between users by publishing various digital contents such as sound sources, pictorials, and videos of domestic and foreign musicians as NFTs.
The SOBA platform can be a new alternative to the existing vertical and closed streaming service, he says. In the existing streaming service, there was no channel through which fans and musicians could communicate. Therefore, music was merely a popularized content for consumption. In addition, since most of the revenue paid for the service fee is allocated to the platform and production company, no actual revenue distribution was made to the musicians.
However, more direct communication between musicians and fans is possible on the SOBA platform. NFT, which basically has the concept of a limited edition, is easy to reflect the creative intentions of the musicians in each edition, because at this time, the musicians have a strong will to publish customized content that actively accommodates the various needs and tastes of fans. In addition, since the fee is low and the profit distribution structure is not complicated, the actual return to the musicians is higher.
The SOBA platform launched a beta version last April, and within the platform you can use SOBA tokens to purchase a music NFT edition.
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