Aria PRIME Tokenizes $100M of Korean Music through the Story Protocol
On September 22,Aria introduced Aria PRIME,an innovative platform for institutional investments in cultural intellectual property. Partnering with Story Protocol and Contents Technologies, aria aims to tokenize critically important Korean music catalogs worth $100 million.
This move represents over half of South Korea’s global music distribution. The Story Layer 1 blockchain, specifically designed for IP tokenization, powers Aria PRIME.Intellectual Property Real-World Assets can be split into smaller parts, earn royalties, and integrate with smart contracts for licensing and remix rights. This setup combines monetary benefits with new creative opportunities.
Aria PRIME makes music rights available to institutional investors via blockchain technology. This increases transparency and liquidity for rights holders while opening up new asset classes for investors.The platform is set to expand into other areas such as film and art.
- Aria secured $15 million in seed funding at a $50 million valuation.
- Investors include Polychain Capital, Neo Classic Capital, and the Story Protocol Foundation.
- The company focuses on reducing costs to boost adoption.
Aria’s mission is to transform cultural IP into a scalable financial asset. By linking capital markets and the entertainment industry, Aria PRIME facilitates the dual role of IP as both artistic expression and investible resources. The tokenization of Korean music catalogs marks just the beginning of a potential revolution in how we view and invest in cultural assets.
