The music NFT platform Sound.xyz has recognized Vitalik Buterin, a co-founder of Ethereum, with a Eurodisco dance tune nicknamed “V-Buterin”. It is important that the music can be listened to for free until June 19 at 7:00 PM. Sound.xyz, a Web3 music portal, offers it as a free NFT for interested investors and NFT enthusiasts.
According to Dune’s analysis, music NFT distribution network Sound.xyz has hit more than 150,000 music NFTs on Optimism since announcing Optimism’s debut on June 13 this month, which is roughly the same as the number of music NFTs sold in over time on Ethereum has been beaten. the last year. Most of the mining comes from the V Buterin track NFT published by Optimism Collective.
Sound.xyz achieves a phenomenal 90% reduction in gas costs by using Optimism Layer 2 technology, which is a huge success considering that rates have often exceeded the cost of music. In addition, as a result of this partnership, transaction speeds on the music-focused NFT marketplace have increased sixfold, and collectors now have additional alternatives to pay for records, including credit cards, Mainnet ETH, and Optimism ETH.
Despite this partnership, die-hard Ethereum supporters can still stake their contracts on Ethereum’s Layer 1 mainnet, allowing music lovers to collect and discover music from both chains. However, they have to spend Optimism ETH while buying music on Optimism, which can be easily obtained by bridging money with the official Optimism Bridge. Collectors can now pay with Mainnet ETH and get their music NFTs on the Optimism chain.
Additionally, Cherished artists Rae Isla and Sammy Arriaga will kick off their debut with their song “Heartbreak Closer.” Other artists expected to release songs this week include ROHKI, TK the Legend, Bloody White, Reo Cragun, Sara J Phillips, and Daniel Alla.
In short, Music and Optimism share a goal to support ecosystem contributors and innovators. This partnership is just the beginning of Web3’s development. In fact, Sound teases more intriguing upgrades and changes in the works.
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