Brevan Howard Digital and Haun Ventures supported Real-World Activa platform Plume Plume Network and Music Protocol, a tokenized Real-World Music Assets Protocol, work together to redefine music tokenization and income.
Plume and Music Protocol announced their cooperation on 24 February. The partnership will enable the Music Royalties-Tokenization Platform to use the modular blockchain from Plume Network to bring the intellectual property of music to the chain.
With the music protocol that wants to transform ownership into the music industry through the RWA room, Plume’s specially built blockchain could play a crucial role. In an announcement, the partners noted that they could unlock new opportunities for artists, investors and copyright holders by working together, including users.
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Music protocol facilitates the income of music royalties by bringing them to chains as digital assets.
To achieve this, the protocol uses the transparency and security of blockchain technology, together with the liquidity of crypto, to make programmable music-IP on-chain possible. This creates new financial opportunities for investors in the entire industry.
Users can exchange and manage music -IP with lower transaction costs, according to the partners.
“By optimizing the infrastructure for assets in practice, Plume offers an ecosystem that provides seamless integration for industries such as music, real estate and finances,” noted Music Protocol in a message about X.
While the companies bridge Music IP and Blockchain, they want to support an ecosystem that not only offers investment options, but also new income flows. Music protocol will increase the accessibility of RWA music at the chain with financial support of a Grant of Plume Foundation.
In January, Plume announced the expansion of his cross-chain integration through his interoperability solution, Skylink. The platform was planning to use Skylink in 18 block chains, including solana, injection, movement and core, because it is aimed at the adoption of institutional quality.
At the beginning of February 2024, Plume Network announced a partnership with Latin -America Crypto -platform Mercado Bitcoin to help to token $ 40 million in RWA. The network has integrated several other important players in the industry, including Ondo Finance, Google Cloud, Superstate, Fireblocks, Symbiotic, Cobo and Aethir.
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