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Sound.xyz is a company that provides the songs of musical artists in the form of non-fungible tokens, or NFTs. Sound's platform is built on Web3 technology. The company was founded in 2021 by Vignesh Hirudayakanth, David Greenstein, and Matt Masurka. The company CEO is Parke Davis.
On Sound.xyz, musical artists release their tracks through the form of NFTs. Each NFT is unique and has its own number. Owning the NFT allows the owner to make public comments on the track. NFTs can be sold, in which case the old owner and their comment is removed, leaving the new owner free to leave their own comment. Owning Sound.xyz NFTs also allows the owner to access a Discord community to directly interact with artists and listeners. As another draw to NFTs, artists sometimes release exclusive tracks only available to those who purchase the NFT. Sound.xyz distinguishes itself from other music streaming services by giving artists 100% of their sales proceeds.
OpenSea is an NFT marketplace that sells a wide range of NFT content from art to music to trading cards. It is connected with various NFT platforms to bring the products to their marketplace, including Sound.xyz.
