Soneium Plans Token and Entertainment IP Products

Soneium announced plans for a native ecosystem token and a suite of products intended to connect entertainment intellectual property with funding and revenue participation, outlining a broader push into music, anime, games, film and collectibles. The network said on October 26 that it plans to issue SONEIUM to connect creators, intellectual-property owners, developers, fans and investors. Soneium had not disclosed the token’s supply or launch date, and said further information would follow. Its announcement described a planned token, not an issued asset. The initiative, called Tokenized IP, includes IP Tokens, IP Vault and Tokenized IP Bonds. Soneium said these products are intended to support funding for creative properties and entertainment businesses, including possible access to music-catalog funds and concert-related royalties. The details of future offerings, including who could participate and how any revenue rights would work, have not been announced. Soneium identified Moriusa, a character owned by Tokyo-based Super State Holdings, as an initial Tokenized IP project. The plans include licensing, animated shorts and merchandise. The network also said it would work with...