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Warner Music Group to Release Polygon Music NFTs Through LGND Platform
The major record label continues its streak of Web3 partnerships by teaming with a new music and collectables platform built on Polygon.
Artists signed to Warner Music Group labels will release music NFTs through the upcoming Polygon-based marketplace LGND Music thanks to a multi-year partnership announced today between the major record label, the Ethereum sidechain network, and the Web3 music startup.
Set to launch in January, LGND Music is an online marketplace that will offer songs as NFTs—which fans can purchase and listen to through the platform—along with other digital collectables from musicians.
LGND will offer both desktop and mobile apps for interacting with the NFTs, akin to an iTunes-like experience for Web3, and the company says it will support music NFTs from other platforms, as well.
However, NFT purchases made via LGND’s iOS app will be subject to Apple’s controversial 30% in-app purchase fee, an LGND spokesperson confirmed to Decrypt.
Warner Music and LGND have yet to name any of the artists that will release NFTs through the platform, but WMG’s popular label Spinnin’ Records is part of the deal. Spinnin’ Records is a major player in the electronic dance music space, and has released tracks from artists like David Guetta, Tiesto, R3HAB, and Robin Shultz. Read More
Telegram to allow no-sim accounts via anon-blockchain-numbers
Telegram has increased its security features by enabling support from anonymous blockchain-based numbers that go for around $16.
Messaging app Telegram has rolled out a new update enabling users to create accounts using blockchain-based anonymous numbers, as opposed to cell phone numbers.
Telegram already hides people’s private phone numbers from non-added users on the app. However, users will now be able to hide numbers from everyone, which is likely to please people who value privacy-focused features.
The messaging platform has become a popular app for crypto enthusiasts. The move is part of a 9.2 update launched on Dec. 6, which also enables users to auto-delete timers on messages in new chats. Read More
Blockchain is the only viable path to privacy and censorship resistance in the 21st century
Decentralized file-sharing services that Big Tech companies can’t control are the only way internet users will be able to maintain their freedom in the years ahead.
While censorship resistance and privacy are not the same thing, they are closely intertwined. When the government or another entity, such as an advertiser, can track everything you do, they can also sanction you for bad behaviour.
Instead of working backwards to try and cover up seismic cracks in Web2 with duct tape, it may be time to move full speed ahead on ensuring these same mistakes don’t happen in Web3. By being proactive, the purported internet of the future could actually protect our private information and prevent overzealous or oppressive censorship before these issues become unmanageable.
In countries fighting for human rights and civil liberties, suppressing free speech and outward communication complicates the struggle against oppressive regimes. This is where the encryption and transparency of blockchain technology can prove to be useful in protecting sensitive information. Web3-based email extensions (such as ShelterZoom’s Document GPS) and file-sharing services (such as the InterPlanetary File System) have the potential to help activists and citizens in human rights hotbeds circumvent censorship and unwarranted surveillance.
By placing documents on a ledger, the sender can control all aspects of visibility and permissions while simultaneously having access to a time-stamped log of every action taken with the file. Think of it like DocuSign or Google Docs on steroids. Read More
Cardano’s MuesliSwap introduces ‘organic APR,’ drawing praise, criticism
The new feature increases token emissions if more liquidity is put into the pool. Crypto Twitter is divided, to say the least.
Cardano’s decentralized exchange has announced a new feature to draw in liquidity.
Called “organic APR,” the feature increases token emissions as more liquidity is put into the pool, according to a Twitter thread from the team. It will be introduced into a single pool on Dec. 8 and may be offered in other pools later. The new feature has elicited praise from some Cardano users, but others have expressed dissatisfaction with it.
The team argued that organic APR is necessary because, without it, users would not be incentivized to proselytize for the exchange. The MuesliSwap team explained:
“Users [of an exchange without organic APR] want to provide liquidity to earn rewards. But more liquidity providers means earning a smaller part of the emission. Consequently, there is no incentive to spread the word and onboard more users. They will only reduce the APR for early adopters.”
Some Cardano users have praised the new feature. For example, one user called it “a cool innovation” and another called it “ingenious.” Read More
Innovations that will change the way we work and interact online.
The Markethive Social Market Broadcasting Network becomes more prominent daily as the blockchain-driven ecosystem for entrepreneurs with a non-adversarial, bi-partisan free speech ethic and the collaborative culture we rarely see on social media platforms today. Even the newer acclaimed, free speech platforms are partisan to the left or right and deal with de-platforming and boycotts from payment providers.
Unlike the social media giants, which only have one primary news feed algorithmically set by the central authorities, Markethive is integrating four news feeds to accommodate the multi-functional platform within the Markethive ecosystem.
The individual feeds are General, Video, Blogging, and Content Curation, and they are all accessible from the main page and can be algorithmically set by the individual user. The scope that Markethive has is enormous as it integrates all the vertical systems of the other platforms under one roof.
Social + Video + Blogging + Marketing + Curation + Broadcasting + Affiliate + Gamification + Cottage Businesses = Markethive: A Powerful Blockchain-driven Ecosystem
There is nothing out there like Markethive. We are an Inbound Marketing (automated marketing platform) like Marketo, Paragon, and even the wannabee MLM Onpassive platform. We are like Youtube, Instagram, LinkedIn, Twitter, etc., but will be superior to these legacy Web 2 media when we release all the aspects and layout of Markethive 2.0.
We have a dynamic social media interface and growing community with a strong collaborative ethos, with SaaS and broadcasting capabilities already operational. We are not waiting for the launch to access the services; they are already there for you to use to help you facilitate your business and increase your reach and following.
Markethive is enhancing and bringing the platform into the future internet with our new technology and interfaces, but still in keeping with the human touch. Read More
The blockchain trilemma: Can it ever be tackled?
Blockchains must balance between offering the best secure and scalable infrastructure while still staying reasonably decentralized. Is this a realistic future for Web3?
A fundamental building block for blockchains is decentralization, a functionality that enables people to transact without the requirement of a central authority. This formed the crux of the Bitcoin (BTC) white paper that Satoshi Nakamoto published in 2008. It serves as the base for any Web3 product from a network and ethos vantage.
However, as more people flocked the chain, a couple of other functionalities seemed crucial, scalability and security. While Bitcoin is considered the most decentralized of all networks, its transaction speed does not make it conducive for building applications on top of it and this is what other layer-1 chains capitalize on and strive to solve.
While the creators and developers of L1 networks claim about them being the most secure, most scalable and most decentralized network of all, is that the case? Can blockchain networks be created with equal emphasis on decentralization, scalability and security?
If yes, then the blockchain trilemma will cease to exist. But, sadly, that is not the case and almost all L1 networks fail to cater to all three aspects, leaving the door open for a pioneer to solve blockchain’s biggest challenge, albeit the biggest money spinner.
Let us look at three top L1 networks, Bitcoin, Ethereum and Solana and assess them across the three dimensions namely, decentralization, scalability and security. Read More
Life After FTX: How Solana DeFi Is Starting Over—Without SBF’s Serum
Solana devs look to rebuild as they unwind DeFi on the network from Sam Bankman-Fried’s Serum, replace it with OpenBook, and plot a course for the future.
The fall of Sam Bankman-Fried didn’t just topple a $32 billion cryptocurrency exchange in FTX—it also threatened to undo the fabric of decentralized finance on the crypto wunderkind’s blockchain of choice, Solana.
Serum, founded in August 2020 by a consortium that included the Solana Foundation and Bankman-Fried’s FTX and trading desk Alameda Research, was a core decentralized exchange platform and liquidity provider for the burgeoning Solana DeFi ecosystem. Its order book was crucial for DeFi on Solana, integrated into virtually all of the biggest DeFi projects on the network, like Jupiter and Raydium.
But its private keys were housed within FTX—which is exactly as bad as that sounds.
Following an apparent hack on FTX on November 11, the same day that the company filed for bankruptcy, DeFi projects on Solana rushed to cut ties with Serum out of fear that the private key that could be used to update the program had likewise been compromised. This effectively flipped the “off” switch on Solana DeFi. Read More
Palantir Co-Founder Says There’s Clear Use Case for Crypto and Decentralization Despite Fall of Major Industry Players
The co-founder of the software giant Palantir Technologies thinks there are still clear use cases for crypto and decentralization despite the ongoing bear market.
Joe Lonsdale acknowledges in a new interview with Fox News that he does not believe crypto is over despite the fact most of the crypto space in the past 3-5 years was a “speculative bubble driven by cheap money” and Ponzi schemes.
“You know, there are still other use cases for decentralization and crypto. The stuff that has fallen is stuff that are centralized actors, effectively. They’ve had a lot of corruption. This is what you’d expect in any situation where you have something that’s not regulated. I don’t always believe you need government regulators, but you need some framework of regulation where people are being checked by other people you trust.”
He says he doesn’t trust the Federal Reserve in the US, let alone financial authorities in other countries. He argues that crypto’s ability to decentralize its power indicates there are long-term benefits to the space, citing Bitcoin (BTC) as an example. Read More
DeFiChain’s Much-Anticipated ‘Grand Central’ Hard Fork Goes Live
DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications to everyone, has officially activated the much-anticipated Grand Central hard fork on its network at 01 AM EST on Thursday, December 8th on Block Height 2,479,000.
The Grand Central hard fork is one of the biggest and most monumental updates for DeFiChain in 2022. It marks the rollout of four main features:
On-chain governance
Token consortium framework
Support for masternode parameter updates (owner, operator, reward address)
Pool commission and reward fixes
This hard fork addresses some of the long-awaited product debt and prepares the DeFiChain community for an accelerated growth in 2023.
U-Zyn Chua, Co-Founder of DeFiChain, said, “Grand Central marks a major step in DeFiChain’s governance structure since it is implementing on-chain governance. This makes the voting processes perfectly transparent, easier and strengthens the governance structure of DeFiChain. A major step for the whole ecosystem.” Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
