Story Protocol Brings Maroon 5 and Katy Perry’s Hits to the Blockchain: How?

Jakarta, Pintu News – In an ever-evolving world, blockchain technology is now making its way into the music industry. Story Protocol recently announced the tokenization of Maroon 5 and Katy Perry’s hit song copyrights.

This move not only opens up new investment opportunities but also marks a new era in the management of intellectual property rights on the blockchain.

Music Copyright Tokenization

Story Protocol has successfully acquired and partially tokenized the copyrights of the songs “Nobody’s Love” by Maroon 5 and “Daisies” by Katy Perry. Both artists have large fan bases and impressive track records in the music industry, making their copyrights very attractive to invest in.

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With tokenization, these song copyrights are broken down into tradable digital units, giving investors the opportunity to own a share of the song’s royalty income.

This tokenization is part of Story Protocol’s broader strategy to tokenize over 50 copyrights from famous artists such as BLACKPINK, Miley Cyrus, Justin Bieber, and many more.

This process not only eases the transaction and management of copyrights but also increases transparency and efficiency in the trading of intellectual property rights.

Tokenization Potential and Challenges

Real World Assets (RWA) tokenization has shown its potential in various sectors, and is now being applied to the music industry.

According to data from CoinGecko (4/3/25), the market capitalization of RWA-related projects has now reached more than $32 billion. With the economic value of intellectual property accounting for about 38% of global GDP, the potential of this market is huge.

However, challenges also exist, especially in terms of legal and market acceptance. Story Protocol must navigate legal complexities and compete with other players in the RWA market. Without overcoming these obstacles, tokenization efforts may not reach their full potential.

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IP Tokens and the Future of Blockchain Music

The IP token, the native token of the Story Protocol ecosystem, plays an important role in transactions and ecosystem governance. With a price on March 4, 2025 hovering around $5.39 and a daily trading volume of over $212 million, the token is showing strong interest from the market.

The successful tokenization of Maroon 5 and Katy Perry’s copyrights could be the starting point for a new model in monetizing artworks. It’s not just about investment, but also about how fans can interact with music more deeply.

With music royalties becoming a tradable asset, the future of the music industry may be very different.

Overall, tokenization by Story Protocol marks an important step in the integration of blockchain with the creative industry. It’s not just about new technology, but also about opening up new opportunities for artists and investors.

As this technology continues to evolve, we may see more songs and artworks that transform the way we value and invest in creativity.

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Reference:

• BeInCrypto. Story Protocol Tokenizes Music Copyrights. Accessed on March 5, 2025
• NFT and GameFi. Maroon 5 and Katy Perry Go Web3: Story Protocol Moves Music Rights to Blockchain. Accessed on March 5, 2025