PANews reported on May 30 that MUSIC officially released the on-chain asset $DRIP of the single "Drip Drip" created by Top 100 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 $MUSIC one-click cross-chain. Transactions will use Story's native token $IP as the gas fee.

This model realizes the confirmation of music IP rights and real-time profit sharing on the chain, and artists can earn income through 1% transaction share, licensing fees and derivative share. R3HAB and the Sony-Tencent joint venture have received 15% of the token allocation, and the rest will be used for community incentives.

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