TI Rating Report: Soba

Established in February 2021, Soba is a blockchain-based decentralized platform that aims to empower musicians to fully own their content and royalty from their NFT works. On the other hand, buyers/fans can lend out their NFTs to other users via the Soba Jukebox and Soba Video Player available on the Soba platform, and they will be rewarded with $SOBA tokens.

As of December 2022, Soba has already launched the NFT marketplace and plans to launch Soba KIT, Soba multichain NFT staking, etc., in the future.

$SOBA is the native token of Soba that is deployed on Ethereum and Klaytn and functions as the payment, transaction fee, governance, and NFT staking method in the ecosystem.

TokenInsight gives Soba a rating of CCC, with a stable outlook.