The Story ecosystem music tokenization platform MUSIC launches the hot single token $DRIP from top DJ, with 20% of the supply allocated for airdrops.

PANews, May 30 - MUSIC officially releases the single (Drip Drip) on-chain asset $DRIP created by top DJ R3HAB. According to the token economic model, 20% of the supply will be used for the first round of airdrops, and the snapshot has been completed.

The platform has completed the migration from Base to Story chain, supporting one-click cross-chain for $MUSIC. Transactions will use the native Story token $IP as gas fees.

This model enables on-chain rights confirmation and real-time profit sharing for music IP, allowing artists to earn income through 1% transaction sharing, licensing fees, and derivative sharing. R3HAB and the Sony Tencent joint venture label have received a 15% token allocation, and the remaining portion will be used for community incentives.

This launch marks an important advancement in the innovative application of music assets in the Web3 space, providing creators with a new monetization channel.