Sound.xyz Shuts Down: Final Withdrawal Window Closes Today
Sound.xyz Shuts Down: Final Withdrawal Window Closes Today
🎵 Sound.xyz final hours
Sound.xyz, the music NFT platform, is going offline today at 4pm ET. Artists have until then to withdraw remaining funds directly through the platform.
Key Details:
- Artists can still withdraw after shutdown via Splits
- The 30-day withdrawal window opened on January 15th
- Collected NFTs remain safe on-chain with music stored in decentralized storage
- Collections will remain accessible through wallet-connected platforms like OpenSea
The platform emphasized that proof of support and metadata live permanently on-chain, ensuring artists' work and collectors' contributions aren't lost. Artists experiencing withdrawal issues can contact Sound.xyz directly for assistance.
This marks the end of Sound.xyz's mission to give musicians control over their releases through NFTs, though the underlying blockchain records persist.
Sound.xyz Enters Maintenance Mode, Shifts Focus to Vault Platform
Sound.xyz announces transition to maintenance mode starting January 15th. Key changes: - No new uploads or artist onboarding - Existing drops remain accessible - Artists can continue withdrawing earnings - Fans retain listening and collecting capabilities The team is shifting focus to **Vault** (@vaultdotfm), a new platform addressing artist-fan connection challenges. Vault features: - Upload songs, videos, or images - Fan access via email/phone - Artist analytics and engagement tools - Direct fan communication through text/email The transition aims to achieve startup focus while preserving Sound's existing value. All current functionalities remain operational for existing users.
Sound Distributes Optimism Grant to 275 Artists
Sound has completed the distribution of their Optimism Retro Funding Round 4 grant to 275 artists, covering all gas fees. The distribution methodology included: - Considered mints between Oct 2023 - May 2024 - Excluded airdrops and transfers - Allocated based on song splits - Set max 20,000 OP and min 50 OP per artist The initiative follows Sound's October announcement of receiving 276K OP tokens, with their commitment to distribute 100% to platform artists. This distribution recognizes the contribution of onchain music creators who helped make the platform successful.