Record Protocol's parent company, YOAKE Entertainment, has announced the completion of a $3.2 million funding round, led exclusively by the Sony Innovation Fund. According to ChainCatcher, the company is deepening its collaboration with Sony Block Solutions Labs Pte. Ltd. (SBSL), enhancing its role as a key contributor to the Soneium core intellectual property finance (IPFi) infrastructure. This partnership aims to accelerate the integration of Record Protocol in various sectors, including music, film, gaming, and anime.
The strategic collaboration signifies a significant advancement in the fusion of traditional intellectual property with blockchain and cryptocurrency technologies. It opens new possibilities for Record Protocol to develop an open infrastructure for entertainment fans worldwide.