Brevan Howard Digital and Hawan Ventures supported the real -world property platform plum network and music protocol, which is a token real -world music property protocol, formed a team to redefine music tokens and mudlization.
Plum and Music Protocol Announced His cooperation on 24 February. The partnership music will enable the royalty tokening platform to bring the music intellectual property on-chain to take advantage of the plum network modular blockchain.
The target is to change ownership in the music industry through RWA space with music protocols, the purpose of the plum-made blockchain can play an important role. Partners mentioned in one declaration that by working together, they can unlock new opportunities for artists, investors and copyright holders among other users.
Music protocol facilitates them mudraration of music royalty by bringing them on-chains as digital assets.
To achieve this, the protocol uses the liquidity of the crypto as well as the transparency and safety of blockchain technology, so that the program is enabling the programable music IP on-chain. This creates new financial opportunities for investors in the industry.
Partners said that users will be able to trade and manage music IP with low transactions cost.
The music protocol said in a post on X, “By optimizing infrastructure for real -world assets, the plum provides a ecosystem that ensures spontaneous integration for industries such as music, real estate and finance.”
As companies bridge music IP and blockchain, they aim to support an ecosystem that not only provides investment opportunities, but also new revenue currents. The music protocol will expand the access to the RWA music on-chain with financial assistance from a plum foundation grant.
In January, plum Announced Its interoperability solution, expanding its cross-chain integration via the skylink. The platform planned to deploy the skylink in 18 blockchain, including Solana, Injective, Movements and Core, as it targets adoption of institutional-grade RWA.
In early February 2024, Plum Network announced a partnership with Latin America Crypto platform Mercado Bitcoin to help RWA to help RWA. The network has integrated several other major industry players, including Ondo Finance, Google Cloud, Superstate, Fireblock, Symbiotics, Cobo and Ethi.
