TechFlow news, May 30 — MUSIC officially launched $DRIP, a tokenized asset linked to the single "Drip Drip" created by top DJ R3HAB. According to the tokenomics model, 20% of the supply will be allocated to the initial airdrop, and the snapshot has already been completed.
The platform has completed its migration from Base to the Story chain, enabling one-click cross-chain functionality for $MUSIC. Transactions on Story will use the chain's native token, $IP, as gas fees.
This model enables on-chain IP ownership verification and real-time revenue sharing. Artists can earn income through 1% transaction royalties, licensing fees, and derivative product revenue shares. R3HAB and the Sony-Tencent joint-label have received 15% of the token allocation, with the remainder reserved for community incentives.
This launch marks a significant advancement in the innovative application of music assets within the Web3 space, offering creators new monetization channels.
