What is SOBA and Soba platform？
SOBA Token is the native ERC-20 and KIP-7 token of the Soba Platform, a decentralized NFTs platform for musicians and music videos.
The Soba Platform is a decentralized platform that leverages the power of blockchain technology in empowering musicians to take full ownership of their contents and royalty payments arising from their works. Soba Platform is built on a transparent decentralized network powered by Ethereum’s programmable smart contract platform to enable fair and timely remuneration for musical and media related contents and services. Our long-term vision is to develop an open ecosystem where outside providers can build music and media related goods and services on top of the Soba Platform.
Soba Platform allows artists to create unique Non-Fungible Tokens (NFTs) for each song and video produced and can even create several different types of NFTs with different album covers and versions that can serve as unique collectibles for fans of the artists. This creates greater engagement with their fanbase by allowing for digital collectibles of these songs.
As a reward for their fans, these fans can lend out their NFTs O otherusers via the Soba Jukebox and Soba Video Player available on Soba Platform. Users accessing Soba Jukebox and Soba Video Player will be able to pay a small fee to listen to songs and stream videos owned by other users. For the fans who already own the NFTs, they can lend out their NFTs to others and be rewarded in SOBA tokens for their kindness to lend the songs and videos to other
users.
Soba Platform creates a sustainable ecosystem that rewards the artists, fans and creates an easy way for users to share and consume music and video.