Blockchain-based entertainment SOBA platform opened a teaser site today (Feb. 25) ahead of the beta release in March. On the teaser site, a pre-reservation event is held which uses lottery-pick to reward 300,000 SOBA tokens to 100 people through SOBA platform.
The SOBA platform uses blockchain technology to solve the irrational and opaque revenue distribution structure in the music market and to increase the bond between fans and musicians. SOBA's decentralized smart contract technology drastically reduces unnecessary intermediaries in the music production process, allowing more royalties to be paid to musicians, and giving fans complete ownership of scarce-value digital content.
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