x
Image Source: Pixabay
Tezos Becomes Third Blockchain To Integrate With Rarible
Rarible has announced that it has successfully integrated with the Tezos blockchain. The integration makes Tezos the third blockchain to be supported by Rarible after Ethereum and Flow.
While integrating with three pioneering blockchains is a feat in itself, Rarible is already looking at concluding more integrations, enabling Rarible to give users access to a host of collections, artists, and communities. Read More
Cointelegraph Consulting: Is NFT music an untapped opportunity?
The sales of music NFTs on OpenSea have underperformed compared with digital artwork, collectibles, and other categories.
Like NFT artworks, music NFTs have been touted as a revolutionary way for artists to connect with their fans and monetize their work. They embrace the concept of ownership, which has proven to be essential in building a loyal fan base. Tokenizing an artist’s work also makes it tradable, providing another way for them, along with their fans, to make money. Kings of Leon was the first band to release an NFT album, which generated about $2 million in revenue, marking one of the more successful music NFT projects.
Music NFTs also provide a much more cost-effective alternative for artists. For instance, music NFTs allow fans direct access to the artist’s music without needing streaming giants and record labels, which are known to take substantial revenue cuts. However, for most music lovers, particularly those not in the cryptocurrency space, the $9.99 price offered by streaming services is still a no-brainer, especially when Ethereum gas fees are factored in. In the music streaming arena, Spotify is the dominant force, with 32% of streaming subscribers worldwide opting for its platform. Apple Music comes in second with a 16% share. Read More
'The Next Billie Eilish Will Emerge on Web3': NFT Startup Sound Offers Musicians a New Model
Sound is the latest Web3 startup with plans to use NFTs to disrupt the music industry.
Sound was co-founded by David Greenstein, who is the son of Sirius XM President Scott Greenstein, and who got a job at Atlantic Records as a teen and later worked at Pandora. His music industry experience led him to the same conclusion as many others: the streaming-based music economy is broken, especially for artists who are not already famous.
But unlike many critics, Greenstein doesn't place the blame for this situation on record labels or companies like Spotify.
"So many artists and their stories and songs go unrecognized. It's because the discovery method is broken," he says, explaining that the streaming model treats everyone alike, paying fractions of a penny when a song is played.
This arrangement, he points out, doesn't allow fans to pay more for new artists they are passionate about, and nor does it let artists build relationships with their fans. While a streaming service might let a performer know they have a cluster of listeners in a given city, it doesn't provide a way to identify or interact with them.
The solution, Greenstein believes, is tapping into new tools offered by Web3—in particular NFTs—to create a new social and economic paradigm in the music industry. Read More
Otis Launches NFT Auction Platform That Transforms Real-World Items Into Digital Collectibles
As both fractional and traditional non-fungible tokens (NFTs) have seen exponential growth this year, the firm Otis has announced the launch of a marketplace called Otis House. The platform is a new NFT project that turns physical items into NFTs, and the tokens can be traded at any time for the physical items stored in a vault. The platform has launched the auction of six assets that include a vintage Super Mario Bros 3 video game and a rare Bob Ross painting. Read More
Elrond has a distinct advantage of having a team of professionals with both technical and entrepreneurial backgrounds. Beniamin Mincu had the spotlight in my previous article covering Elrond, highlighting his entrepreneurial skills by working with Blockchain start-ups and leading the marketing, business, and community-building efforts in his career. Today we’ll give center stage to his brother Lucian Mincu, the man and hardcore engineer behind the complex infrastructure of Elrond.
The size and enthusiasm of a community can directly impact the awareness and adoption of a cryptocurrency project, affecting marketing and general trading volumes. Elrond’s Telegram Community has over 53K members and is highly engaged. Elrond’s communication abilities and transparency are exceptional and are good reasons why it generates so much interest.
Mainstream is becoming much more aware of cryptocurrency and the future impact on society, but the majority find it difficult to comprehend or utilize the complex technology. The Elrond team saw this obstacle to massive global adoption and designed the tokenomics and utility to help the average person grasp the concept.
One of Elrond’s primary goals is to make the interface clean and easy to understand, making it as stress-free as possible for new user adoption. They have succeeded with the Maiar mobile dApp, which, unlike many new dApps, was fully developed at launch with very few bugs and has been positively received from the start.
It is also called the “gateway to the unbanked,” noting that “A large population of the world is unbanked, without access to the existing financial infrastructure, and so their opportunities to participate in wealth creation are extremely limited.” Read More
SEBA Bank makes it possible to digitally own physical gold
Digital assets banking platform, SEBA Bank, has launched a Gold Token, a regulated digital token for investment in and delivery of physical gold on-demand.
SEBA Bank issues a token backed by what it describes as responsibly sourced gold, providing a cost-effective access to the precious metal, and sets a new standard in the stablecoin sector.
The SEBA Bank Gold Token is a landmark development in investment products, enabling investors for the first time to own a digital form of physical gold via a fully regulated, cost-effective, and future-proof solution. Unlike traditional gold derivative investment products, such as ETFs and OTC contracts, the gold token allows investors to redeem their physical gold on-demand at any time from partner refineries – avoiding costly transport and storage fees. Read More
Top 10 Use Cases Of Blockchain Technology (Part 2)
Blockchain has been a disruptive technology. We look into the industry sections that are impacted most. Gaming and Metaverse are two of them. Let's see the others.
Digital Ownership:
The fundamental aspect of Blockchain is the distributed ledger. The distributed ledger ensures that there is:
no central authority governing the Blockchain
and data can not be tampered with.
This brings in the strongest use case of Blockchain, Ownership. As data can not be tampered with, any token you own on a blockchain is proof of ownership. Any copy of your token will be easily identified by the chain. So this helps settle disputes. Read More
Polygon Partners With Reddit Co-Founder Alexis Ohanian's 776 VC, Launches $200m Initiative To Build Social Media On Web3
Polygon, an Ethereum scaling solution, has partnered with Seven Seven Six (776), a venture capital firm led by Reddit co-founder Alexis Ohanian. The partnership has created a $200 million initiative aimed at backing projects that delve at the intersection of social media and Web3.
According to Polygon's official press release, the project will help budding startups working within the frameworks of social media and Web3 in "exploring better ways for humans to connect online."
“These past few years have brought a dawning realization that social media business models have a profound impact on our world. With Web3, users create the value[s], control the network[,] and reap the rewards. This is not just a different way to share lolcats online, though we love those. We are inventing new high-fidelity means of transmitting culture itself.” shares Polygon co-founder Sandeep Naiwal. Read More
Why Is Decentralization So Important?
The DEX market is growing fast, and new decentralized exchange platforms appear day in, day out. But what is decentralization and why did it suddenly become one of the main focuses for different Crypto projects?
In decentralized exchanges transferring assets takes place without any decision-making middleman from a centralized association. In DEXs users have total control over their assets, due to the absence of a middleman.
Taking into account many users’ desire to trade safely, platforms strive to provide their users with the best-decentralized solution.
But why is it so important? The most popular exchanges in Crypto, like Coinbase or Binance, remain centralized - and it’s not an obstacle for their successful functioning and inflows of new users. Yet, there are 3 obvious advantages of decentralization: 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.
