Soneium, an Ethereum L2 built in collaboration with
#Startale , and a collaboration with South Korean entertainment company
#DayOneDream to tokenize K-pop’s intellectual property and the corresponding revenue.
DayOneDream’s roster includes artists such as BTOB, Lee Chae Yeon, MeMi, and 2F, with business coverage spanning concerts and music publishing.
The collaboration works by connecting its tokenization platform, WAVIST, to Soneium, providing eligible users with exposure to revenues from concerts, streaming, and music copyrights.
Both parties jointly announced the partnership at a WAVIST event in Seoul.
The scale, revenue-sharing proportions, and revenue recognition method have not been disclosed yet—pricing challenges for copyright-type RWAs have never been about putting them on-chain, but about how to calculate the cash flow.