Soneium And DayOneDream Want To Put K-Pop Revenue Onchain

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Sony-backed Ethereum Layer 2 Soneium has partnered with South Korean entertainment group DayOneDream. The companies plan to develop tokenized K-pop intellectual property and revenue products through the WAVIST platform. Future offerings could provide eligible investors with exposure to cash flows from concerts, streaming and music rights, subject to regulatory requirements. K-pop royalties and concert revenue are becoming the latest real-world assets targeted for tokenization. Soneium, the Ethereum Layer 2 developed by Sony Block Solutions Labs, has partnered with South Korean entertainment company DayOneDream to bring K-pop intellectual property onto blockchain infrastructure. The collaboration centers on DayOneDream’s WAVIST platform. The Asset Is The Revenue, Not The Artist WAVIST is designed to turn specific entertainment cash flows into investable onchain products. Those can include revenue associated with concerts, content, streaming and other intellectual-property rights. The structure does not require an artist or production company to sell the underlying IP itself. Ins...