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BharatBox and Hungama Transform Live Events with Digital Collectibles at Ritviz Concert

Published

9 months ago

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In a groundbreaking fusion of music, technology, and fan engagement, BharatBox and Hungama are hitting a high note with their latest collaboration at Ritviz’s much-awaited concert in Indore. This partnership is powered by the cutting-edge Web3 solution provider BharatBox, integrating GET Protocol (an Animoca Brands portfolio company), for seamless digital twin collectibles for ticket holders, introducing a new era of concert experiences.

Imagine stepping into a concert where your ticket is not just a pass, but a gateway to a world of exclusive experiences and collectibles. This is the reality BharatBox and Hungama, are crafting for the Indian audience at Ritviz’s Indore concert. 

Fans with VIP and Fan Pit tickets will be treated to digital collectibles, seamlessly integrated into their experience without the hassle of managing a digital wallet. The innovative approach is powered by Animoca Brands’ portfolio company GET Protocol, a digital ticketing infrastructure provider which BharatBox has officially brought to India. 

The collaboration goes beyond simply collecting digital memorabilia; the collectibles come with utilities, such as meet-and-greet opportunities and exclusive merchandise, adding tangible value to the fan experience. BharatBox’s innovative approach ensures that these collectibles, minted on the Polygon network, are not just digital tokens but keys to unforgettable experiences.

This partnership between BharatBox and Hungama, underscored by the strategic integration of Web3 technologies, opens up a plethora of future loyalty, fan engagment and  tokenizing opportunities that stand to revolutionize our interaction with digital content. By harnessing the power of blockchain, this collaboration could lead to the creation of unique digital assets and collectibles, transforming the way fans connect with music, movies, and more. 

Imagine a world where owning a token could grant you exclusive access to special editions of albums, behind-the-scenes content, or even a stake in the royalties of your favorite songs. This move towards tokenization not only promises to enhance the fan experience through personalized and interactive content but also opens up new avenues for creators and entertainers to monetize their work in a fair and transparent manner. 

The collaboration is building on the success of BharatVerse’s launch in The Sandbox, a leading metaverse platform and subsidiary of Animoca Brands. “The excitement around BharatVerse has been phenomenal, and now, by bringing another Animoca Brands portfolio company,  GET Protocol, to India we are setting the stage for a revolution in live events,” says Karan Keswani, CEO of BharatBox. “Our collaboration with Hungama at Ritviz’s concert is just the beginning of our efforts to integrate collectibles for concert visitors, and we will also be adding future utility to the collectibles for the Hungama World located in The Sandbox.“

Soumini Sridhara Paul, Senior Vice President of Hungama Digital Media Entertainment Pvt. Ltd., views this collaboration as a new avenue to exploit in entertainment technology. “Live events today have become a very consumer centric business and from an Artist’s point of view it surrounds around a Top Fan. This is the genesis of Web3. Through digital collectibles and their utility and with this partnership with Bharatbox, Hungama aims to bring Web3 to the live space.”

As the curtains rise on Ritviz’s concert in Indore, the event will redefine what it means to attend a concert. The implications of such a shift are far-reaching, offering a glimpse into a future where digital content is not just consumed but interacted with, owned, and valued in entirely new ways, paving the path for a more connected and immersive digital entertainment world. 

Get your tickets now, and let’s get started : https://insider.in/ritviz-in-indore-feb17-2024/event?utm_source=bharatbox&utm_medium=online

About Bharat Box

BharatBox is a JV company between Brinc and Sandbox set up to create a new cultural hub featuring key partners from India’s entertainment, art, and sports sectors, including Bollywood. The new entrants have joined The Sandbox’s virtual real estate by acquiring LAND NFTs in the open metaverse and have committed to building experiences in Bharatbox. Multiple high-profile brands and artists will come together to create an area in The Sandbox dedicated to celebrating Indian art, culture, entertainment, and sports, and engage with fans in new and immersive experiences. BharatBox will create the experiences and also provide IPs and brands via its extensive partner network in India, as well as building the games alongside web3 developers. Stay informed about our latest developments by joining our community on Telegram. Please visit https://bharatbox.sandbox.game follow us on Twitter and Instagram and join us on this exciting journey towards creating the most immersive blockchain experience!

About Hungama Digital Media Entertainment Pvt. Ltd.

Hungama, a pioneer in the digital entertainment industry, has been at the forefront of delivering joy and entertainment to billions of consumers across South Asia. With 25 years of expertise, Hungama continues to innovate and evolve, offering users a wide array of entertainment options through mobile, internet, IPTV, events, and digital IPs. With a vast library of over 45 million assets and a strong presence across 75 countries and 150+ platforms, Hungama is the go-to destination for unparalleled entertainment experiences. Notably, the strength of Hungama’s social media community reaches 20 million+, while their social video platforms collectively reach 10 million+ users. With an extensive distribution network, Hungama’s total reach exceeds a remarkable 600 million+.

Hungama Platforms: 

Hungama app – the Hungama App brings together a diverse set of offerings ranging from the latest songs, blockbuster movies, binge-worthy original shows, hit music videos, and popular podcasts all under one platform. 

Hungama is the only app in India to offer an Integrated Audio & Video music experience with a content library of over 10mn Songs & Music Videos

Bollywood Hungama – Bollywood Hungama is the world’s most widely read Bollywood online daily.

Hungama Artist Aloud is a Digital Media, Distribution, Talent management, and on-the-ground and Digital IPs platform for independent artists and original content across the Globe.

Hungama Games – A leading game publisher focused on developing games for the South Asian market.

Hungama Heftverse – Hungama’s new initiative into the Metaverse.

For more information, please visit www.hungama.org

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Press Release

How Bitcoin’s price rise has increased the number of cryptocurrency payments 

Published

3 days ago

on

November 19, 2024

By

NOWPayments Announces Significant Gain in Crypto Payments

NOWPayments, a leading crypto payment gateway, is excited to announce the significaте Increase of Crypto Payments since the beginning of November. 

Why Bitcoin took a new ATH in November?

Starting in January 2024, Bitcoin’s price was around $48,717, marking a period of cautious optimism following a tumultuous 2023. Throughout the first half of the year, Bitcoin experienced significant fluctuations as market dynamics shifted, driven by regulatory developments and increased institutional interest. By November 2024, Bitcoin had reached a pivotal moment, hitting an all-time high (ATH) of $75,000 on November 8 and then surging to $89,000 shortly thereafter.

This remarkable growth didn’t go unnoticed by the business world. Companies across various industries quickly recognized the massive business opportunity Bitcoin presented. The ATH sent a clear message: Bitcoin was no longer just a speculative asset but a powerful tool for transactions, store of value, and an entry point into the broader crypto economy.

Businesses’ interest in Bitcoin grew for several reasons:

  • Increased Institutional Adoption: Major financial institutions rolled out Bitcoin-based services, providing legitimacy and opening doors for mainstream use.
  • Global Payment Integration: Bitcoin’s borderless nature appealed to businesses seeking efficient, low-cost cross-border transactions, particularly as inflation and currency instability impacted traditional fiat systems.
  • Hedge Against Inflation: As global economies faced ongoing inflationary pressures, Bitcoin became a preferred asset for protecting wealth, especially for businesses looking to diversify holdings.

Climbing to $75K

The journey to $75,000 began with a series of positive developments in the cryptocurrency market. Following the approval of Bitcoin Spot ETFs and increased institutional buying, Bitcoin’s price steadily climbed. On November 7, 2024, Bitcoin reached approximately $76,999 before closing at around $75,820. This surge was fueled by a bullish market sentiment as investors reacted positively to the election results and anticipated regulatory clarity under Trump’s administration.

Breaking Through $80K

Following its initial surge to $75K, Bitcoin quickly surpassed the $80,000 mark on November 10, 2024. The momentum continued as traders rushed to capitalize on the positive sentiment surrounding the cryptocurrency. By this point, BTC was trading at approximately $80,976, reflecting an increase of nearly 9.64% from the previous day.

Approaching a New BTC All Time High at $90K

As of November 12, 2024, Bitcoin’s price soared to around $89,000. This represents a staggering increase within just a few days following the election and highlights the cryptocurrency’s volatility and potential for rapid gains. The combination of strong demand from both retail and institutional investors has driven BTC prices higher as they anticipate further growth.

How has the new ATH for BTC led to an increase in crypto payments?

We decided to analyse how the rise in the price of the main cryptocurrency – BTC affected the number of payments. NOWPayments team took the number of payments before the U.S. election and compared it with the data after the Trump has won. The result exceeded all expectations. Thanks to the growth of BTC from $72,729.89 to $90,750.94, the number of payments increased by as much as 8%. This significant change indicates the increased interest in cryptocurrency and the correlation of BTC price and cryptocurrency usage.

  1. Correlation Between BTC Price and Crypto Payments:

The 8% increase in the number of payments demonstrates a clear correlation between Bitcoin’s price growth and the rising adoption of cryptocurrency for transactions. As BTC’s value surged, so did user engagement with crypto payments.

  1. Increased Interest in Cryptocurrency:

The significant rise in payments highlights growing public and business interest in cryptocurrencies as a viable payment method, especially during moments of market optimism fueled by events like the U.S. election.

  1. Market Events Drive Crypto Adoption:

The post-election Bitcoin rally, combined with its ATH, underscores how political and economic events can directly impact crypto adoption, encouraging more users to explore cryptocurrency as both an investment and a practical payment tool.

About NOWPayments
NOWPayments is a leading crypto payment gateway providing easy and secure payment solutions for businesses around the world. With support for over 300 cryptocurrencies and features like auto coin conversion, donation widgets, and e-commerce plugins, NOWPayments offers flexible and robust payment tools for businesses of all sizes.

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Press Release

Mizzle Partners with InFlux Technologies to Power DePIN Platform with Decentralized Cloud Infrastructure and Advanced Computing Resources 

Published

3 days ago

on

November 19, 2024

By

  • Partnership to provide decentralized computing resources, enhancing platform scalability, security and high availability for distributed services


InFlux Technologies (Flux), a leading global decentralized technology company specializing in cloud infrastructure, artificial intelligence, and decentralized cloud computing services, today announced a partnership with Mizzle, a pioneering decentralized physical infrastructure network (DePIN) platform.

Under the partnership agreement, Flux will provide decentralized computing resources including CPU, GPU, storage and network capacity as required by Mizzle for its platform operations. This includes support for distributed applications and services, ensuring high availability, scalability and security. The agreement also includes monitoring and management of Mizzle’s infrastructure to ensure optimal performance along with maintenance and upgrades of the infrastructure as needed. Mizzle will work toward an estimated spend of $500,000-plus per year post-launch, with an estimated launch of January 2025.

“This partnership represents a key step in our commitment to delivering decentralized computing solutions at scale. By supplying Mizzle with essential resources, we are ensuring the platform’s ability to maintain high availability, scalability, and security. This agreement highlights the growing demand for decentralized infrastructure and demonstrates its practical applications in supporting distributed services,” said InFlux Technologies CEO and Co-founder, Daniel Keller.

Mizzle is a hyper-efficient CI/CDwith no-code development operations which simplifies server management allowing teams to innovate and scale without operational hurdles. Its confidential computing experience carries unmatched security with TEEs, eBPF and decentralized cloud compute, keeping data and operations fully protected. Mizzle has advanced storage and benefits from decentralized cloud storage enhanced with zero knowledge proofs and fully homomorphic encryption. The company is quantum ready with edge computing, is IoT-ready and committed to green computing.

Flux ensures a minimum uptime of 99.99% of decentralized infrastructure services, barring any outages or maintenance windows and offers technical support to integrate and manage the compute resources. Flux offers data security and compliance and complies with all relevant data and security regulations, ensuring the infrastructure is designed to meet regulation standards.

“We are excited to partner with InFlux Technologies, taking a key step toward advancing decentralized cloud solutions. By combining Mizzle’s technology with Flux’s expertise, we will drive greater value for enterprises and governments worldwide. Together, we are shaping the future of decentralized applications and empowering innovation across the ecosystem.,” said Founder of Mizzle Arjun Mishra.

About Mizzle


Mizzle is a DePIN platform designed to empower developers with no-code DevOps. We enable atomic and horizontal scaling of compute and storage, ensuring unparalleled flexibility and performance. Our platform combines advanced AI-driven infrastructure management with trusted execution environments (TEEs), leveraging eBPF technology for real-time protection and monitoring. We also incorporate state-of-the-art cryptographic techniques, including Fully Homomorphic Encryption and Zero-Knowledge Proofs, to guarantee maximum data privacy and security. As we move into the quantum era, with a strong commitment to Green computing (ESG), Mizzle is your trusted partner for scalable, secure, and efficient decentralized infrastructure.

For more information, visit the company’s website at www.mizzle.io.

About InFlux Technologies

InFlux Technologies (Flux) is powering a decentralized Web3 cloud infrastructure composed of user-operated, scalable, and globally distributed computational nodes. Flux provides the critical, high-availability infrastructure for the New Internet. The Flux service offers a fully decentralized alternative to some of the world’s largest cloud infrastructure providers while offering competitive pricing. Flux is committed to developing disruptive solutions that empower individuals and businesses in the blockchain industry, emerging technologies like AI, and the broader technology space worldwide.

For more information, visit the company’s website at www.runonflux.com.

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Press Release

Digital Assets Underinsured: Report Identifies $19 Billion Coverage Deficit, Less Than 3% Secured

Published

4 days ago

on

November 18, 2024

By

A recent report, Furthering Digital Assets 2024: Pioneering Insurance Solutions for the Web3 Era, highlights a substantial coverage gap in digital asset insurance, revealing that only 3% of digital assets are currently insured. This gap leaves billions at risk, with an estimated $19 billion in losses from fraud and security breaches since 2011.

The report emphasizes significant incidents that illustrate the vulnerability in the sector. These include a $650 million breach at Ronin in March 2022 and a $614 million loss from PolyNetwork in August 2021. As investments in digital assets increase, so does the call for comprehensive risk management solutions, particularly from institutional stakeholders.

With more than 90% of crypto hedge funds expressing a desire for mandatory insurance on exchange-based assets and around 40% of institutional investors now holding cryptocurrency, the demand for tailored insurance products is clear. Further Ventures, the report’s creator, points to a growing interest from institutions seeking ways to protect their digital assets through robust insurance policies.

The report also sheds light on recent regulatory responses. The Hong Kong Monetary Authority (HKMA), for example, has set mandates for digital asset custodians, requiring 50% insurance coverage on cold storage and 100% on hot wallets. Despite these initiatives, high premiums remain a challenge, with average rates around 0.5%-5% for custody insurance and 5-10% for slashing events and Directors & Officers (D&O) policies.

According to the report, addressing the insurance gap in the digital assets industry will likely require innovation in policy structure, more accessible premium rates, and a regulatory environment that supports the development of effective, comprehensive solutions. As the sector evolves, insurance options may play a critical role in fostering institutional confidence and broader adoption of digital assets.

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