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Music NFTs will take gaming to new levels
Instead of relying on unwieldy contracts to generate music for their products, NFTs are offering GameFi developers ways to come up with faster (and more equitable) agreements with artists.
Nonfungible tokens (NFTs) have the potential to transform the way music is curated and even created for games. Rather than having to rely on large contracts that take forever to get approved, GameFi leaders can simply buy up individual music NFTs or commission a group of artists who agree upon an equitable split of the revenues and collectively mint an NFT. Once done, the NFT would immediately plug into the game and the artists could receive remuneration for their created content based on the popularity of the music. This could be implemented through ratings and other feedback mechanisms.
Classical music NFTs have a special role to play. There is simply no audio substitute for the epic nature of classical music, ranging from Wagner’s “Ride of the Valkyries” to Carl Orff’s “Carmina Burana.”
Fortunately, adding music NFTs to games isn’t much of a stretch. Digital assets are already being traded in games. One project — House of Blueberry — has created more than 10,000 assets that people can buy to express who they are and to use in games and online communities.
And music NFTs can also create value for games that are not purely blockchain-based. The only difference is that the creators would purchase the NFTs on the blockchain and find a way to remunerate the artists. Read More
Partisia Blockchain Debuts Multi-Party, Zero-Knowledge Computation On Polygon, Offering Actual Privacy On A Public Chain
Partisia Blockchain’s new Unified Smart Contract technology brings multi-party, zero-knowledge computation to Polygon, enabling developers to build new blockchain-based use cases
Partisia Blockchain Foundation, an independent non-profit supporting the development of the world’s ultimate zero-knowledge blockchain, announced some exciting news for Polygon developers last week. By integrating its Mainnet v3.0 into Polygon, the Ethereum scaling protocol now supports Partisia Blockchain’s privacy-preserving computation infrastructure, creating a new type of technology on the blockchain called a Unified Smart Contract.
Smart contracts are programs stored on a blockchain that run when predetermined conditions are met, and constitute the backbone of blockchain technology. Nowadays, smart contracts are either public or private. While public smart contracts are visible to everyone, it leads to a lot of private data being revealed, posing a problem for use cases that require maintaining discreet information. Meanwhile, private smart contracts protect against outside interference or malicious activity, but they cannot be easily audited or verified by third parties. Read More
Web3 search engine attracts big backers in drive to hand power back to users
Transparency, decentralization and modularity are the three guiding principles for a new protocol that wants to become the ultimate feed for all things Web3.
RSS3 is an open-sourced information syndication protocol — a search engine that delivers an aggregated human-readable feed about every crypto wallet in existence.
The project has been built on three core ideologies: Transparency, decentralization and modularity. Founders say they're determined to ensure no single, authoritative figure controls everything — and want to encompass everything going on in this fast-moving space.
RSS3 says its product is a convenient way to know everything addresses, with keywords to be added in the near future. Intuitive features allow you to keep track of whenever Web3 activity happens.
The feed has also been designed with a huge focus on security, and unlike other apps, it strips out spam and phishing to ensure all of the information about a wallet is genuine. A good example surrounds vitalik.eth — and the endless stream of random nonfungible tokens the Ethereum co-founder receives. Through its approach, all of these activities are not included in his feed — giving users a clearer idea of what's happening. Read More
What is PAX Gold (PAXG) and how does it work?
PAX Gold is a cryptocurrency and gold hybrid that bridges the gap between the two investment options. It offers the security and stability of cryptocurrencies.
In recent years, nonfungible tokens (NFTs), cryptocurrencies and other modern investment options have become trendy. However, physical commodities such as gold are still in high demand. In 2021, the global market capitalization for cryptocurrency surpassed $2 trillion. Now, investors must ask themselves: which option should I choose — crypto or gold?
Gold is a commodity that dates back thousands of years as a store of value and as a means of exchange and is still successful today. Even with the invention of decentralized digital cryptocurrency, gold has remained just as prominent. Although, for most individual investors, owning gold can be difficult and out of reach. There is one crypto company, PAX Gold (PAXG), whose goal is to make gold ownership more democratic and available to everyday investors by allowing them to trade it like any other cryptocurrency.
PAX Gold has discovered a method to combine cryptocurrency with physical gold assets, making it attractive to investors accustomed to conventional alternatives. This article will discuss PAX Gold (PAXG) and analyze how the cryptocurrency works. 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
Latin America is ready for crypto — Just integrate it with their payment systems
Brazil is already leading the globe in cryptocurrency adoption. Integrating crypto with payment providers in the region is a surefire way to see Latin America fully embrace the industry.
Thriving on exploiting users’ data, Web2 monopolies like Facebook and Google have ushered in an era of massive internet centralization in recent years. This concentration of power has enabled huge shares of communication and commerce closed platforms, giving users little control over how their data is collected.
An emerging concept, Web3, will provide a means to pivot from centralization to an open-source internet. A recent report from Andreessen Horowitz (a16z) found that this new digital economy could reach an astounding 1 billion users by 2031. If executed correctly, the decentralized internet will allow users to take control of their data and content.
While Web3 promises to radically change the internet and its ability to provide value to users worldwide, key hurdles must be overcome before it can be adopted en masse.
One major obstacle to mass adoption is the lack of local payments integration that many Web3 projects have. For example, a global Web3 project based in Germany likely doesn’t understand or offer the preferred payment options of people living in Brazil. While it seems tedious, accepting local payment options familiar to customers in their respective regions is a strategic decision that can make an enormous impact in winning market share. Read More
Gaming Giant Square Enix Joins Oasys in Developing Blockchain Games
On September 12, Square Enix, a Japanese game development company, announced that it has joined the blockchain game startup Oasys to jointly explore the feasibility of using user contributions to develop new games on the Oasys blockchain.
Square Enix will be the last major game publisher to join the Oasys blockchain, focusing on creating better experiences and shaping blockchain gaming.
Square Enix, a global entertainment company, has released more than 173 million Final Fantasy games.
Square Enix announced in its first-quarter earnings report this year that it plans to launch an overseas company dedicated to issuing, managing, and investing in its own tokens. The company launched its own blockchain entertainment business unit in April 2022.
Oasys is an eco-friendly blockchain built for the gaming community, providing users with fast transactions and zero gas fees.
The Director from Oasys, Daiki Moriyama said: "To partner with a respected and ambitious gaming company such as Square Enix, helps us to accelerate our collective mission to bring blockchain gaming to the masses. With our partnership, we will be able to truly bring new experiences and empower gaming fans from all backgrounds while helping to establish the next stage of growth for blockchain entertainment." Read More
How adoption of a decentralized internet can improve digital ownership
Web2 lacks ownership, but Web3 will provide users more control over platforms, websites and protocols.
The development of several different web protocols at the beginning of the twenty-first century made it possible for programs and content to be linked via read-and-write interactions. Web2, in its present form, enables users to consume material created by other users and create their own content. Readers are probably best acquainted with Web2. As a result of Web2’s autonomy in content production, the age of social networks was ushered in, and with it came the proliferation of blogs, online forums and online markets.
However, rent-seeking centralized corporations have taken advantage of this free flow of information to monetize user data and habits, despite the undeniable fact that Web2 has offered users significant advantages. The demand for a web that developers and users control has increased, primarily due to a breakdown of trust, user exploitation and data control.
The goal of Web3 is to encourage open services driven by decentralized applications (DApps) rather than centralized apps controlled by tech behemoths. Users of Web3 can connect to applications and protocols directly, removing the need for third-party intermediaries in the process. Web3 has been described as the "read/write/own" version of the internet. Open services built on Web3 encourage permissionless entrance, maximize value and ensure verifiability. These services are much more dependable, equitable and ethical. Read More
Linux To Support Wallet Development Through OpenWallet Foundation
The Linux Foundation has announced plans to launch the OpenWallet Foundation (OWF).
OWF will be a collaborative effort that will see the foundation work with a host of companies and non-profit organizations that will create an open-source software engine to build digital wallets.
A Collaborative Effort:
The OpenWallet Foundation does not have any plans to create a digital wallet for itself. However, one of its goals is to make it significantly easier for other companies to create interoperable digital wallets for themselves. The foundation hopes that these wallets will be interoperable and have a variety of use cases. The OpenWallet Foundation stated in a press release that it would create an open-source software engine that can be used by other organizations to develop their own interoperable wallets.
Director of media relations and communications at the Linux Foundation, Dan Whiting, stated,
“The OWF intends to enable many use cases where digital credentials and digital assets can be stored and easily accessed by users. One potential use case could include a cryptocurrency, but that will not be the only use case that could be addressed by the OWF open source engine.” 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.
