Sony-Backed Soneium Partners With DayOneDream to Tokenize K-Pop Revenue

Soneium, an Ethereum layer 2 blockchain developed by Sony Group and Startale Group, has partnered with South Korean entertainment firm DayOneDream to tokenize K-pop intellectual property and associated revenue. The collaboration utilizes DayOneDream's WAVIST platform to allow fans to gain exposure to revenue from concerts, streaming, and music rights. While the companies aim to provide new funding sources for rights holders, specific timelines and asset details remain undisclosed, with eligibility subject to regulatory requirements.