Aria PRIME.instantly Converts Music Rights Into Tradable Assets
Aria has unveiled Aria PRIME, a groundbreaking platform aimed at bringing large-scale cultural intellectual property into institutional investment circles. Partnering with Story Protocol, the company is initially tokenizing $100 million worth of Korean music catalogs.
Aria PRIME’s core focus is to convert music rights into easily tradable, digital assets. Utilizing the Story Protocol blockchain, it presents a new way for creators to gain value from their work, by offering a clear breakdown of ownership adn allowing for divisible ownership units.
- turnover of major South Korean music catalogs;
- expansion into broader cultural properties such as movies and fine art;
- administrative measures for institutional investment;
Leading up to this, Aria raised ample capital reaching $15 million in funding. They foresee this as a critically important move towards a broader spectrum of cultural assets including movies, art, and additional categories, expanding the investment scene further.
Operating under the belief that culture can both be a creative endeavor and a solid investment opportunity, Aria aims to bridge the connection between diverse art fields and investment mechanisms.
