2021/04/15
SOBA Coin, a major business of SOBA GLobal Ltd., a blockchain-based entertainment service company, will be listed on the virtual asset exchange Hanbitco on the 13th. SOBA will be added to the Hanbitco BTC market from 6 pm, and SOBA deposit support will start from 12 pm.
The SOBA project is a blockchain-based project that NFT converts various entertainment contents such as sound sources, visual contents, and videos of domestic and foreign musicians, and will support streaming services within the platform as well as various NFT rentals and transactions between users.
NFT stands for Non Fungible Token, and is a technology that permanently gives the value of scarcity by linking cultural contents in various areas with unique information on the blockchain. Various fields, such as games, sports, art, virtual space, and music, are already participating in the NFT market, and the scale is about 32 trillion won based on CoinGecko, a global digital asset market relay site.
The SOBA project aims to improve the unbalanced structure of the existing revenue distribution and the complex distribution structure, and lead the future music market. Create a community channel through which musicians and listeners can communicate more directly through NFT in a non-face-to-face society caused by the corona pandemic. By providing higher profits to musicians, it invigorated creative activities, and by allowing listeners to own their own differentiated content, it added sensibility to the area of consumption.
An official from the SOBA project said, “We want to introduce the future music industry through NFT to more people through the release of the beta version of the SOBA platform released on the 2nd and the new listing of SOBA coins.” I will do my best,” he said.
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