Tech
Polygon Partners with WMG to Launch Web3 Music Platform
Polygon, a blockchain network developer, and Warner Music Group, a worldwide entertainment corporation, have announced a multiyear agreement with e-Commerce and interactive platform builder LGND to launch a Web3 music platform named LGND Music.
Artists that are signed to one of the labels owned by Warner Music Group will have the opportunity to release music NFTs via the platform.
🎷🎸🎺🎻🥁🎹
A new era in the music industry 🎶@LGND_music announced a multi-year partnership with @warnermusic and Polygon for a new collaborative, digital collectible platform, LGND Music https://t.co/fXxnaPouPH pic.twitter.com/MrdJ4fR8mS
— Polygon – MATIC 💜 (@0xPolygon) December 6, 2022
The LGND firm has said that it would allow music NFTs from other platforms in addition to offering desktop and mobile applications for interacting with the NFTs. This will be similar to the experience that users get when using iTunes on Web3.
Users will be able to play their digital collectibles whenever they want and thanks to LGND Music, which is set to launch in January 2023 and is meant to be a music and collectibles platform that supports digital valuables from any blockchain in a proprietary player.
Additionally, content providers will have the ability to engage with their audiences via the use of unique material and carefully selected experiences.
Polygon is being used as the foundation for the platform because of the cheaper gas expenses and quicker transaction speeds it provides.
Web3 Music is Rising
Web3 has the capacity to alter the music business for both musicians and fans. This unique alliance between Polygon, LGND, and WMG marks a great milestone for the music business.
As the manner in which we own music and consume it is changing, the music industry is adopting decentralized technologies and collectibles in their entirety.
According to Ryan Wyatt, Chief Executive Officer of Polygon Studios, the company is happy to be supporting this unique effort that will elevate music ownership and bring more music listeners and creators to Web3.
Web3 music platforms have the ability to cause a disruption in the music business as well as open up new doors for content producers and artists to develop new ideas and make money off of their work.
The integration of music into the Web3 ecosystem seems to have positive promise, and artists have, for some time now, been capitalizing on the capacity of non-fungible tokens to convert their fans into devoted communities.
The post Polygon Partners with WMG to Launch Web3 Music Platform appeared first on The Cryptocurrency Post.
Tech
Singularity Finance and Crymbo Revolutionize Compliance in Tokenized AI Economies
TL;DR
- Singularity Finance and Crymbo join forces to ensure regulatory compliance for tokenized assets through an innovative decentralized oracle solution.
- The system ensures absolute privacy by encrypting all user-shared data and eliminates cumbersome manual processes for compliance validation.
- This groundbreaking partnership accelerates the adoption of tokenized real-world assets (RWAs) by financial institutions, boosting liquidity and accessibility in the AI-driven economy.
The AI-powered tokenization network Singularity Finance has achieved a major milestone in simplifying compliance for real-world assets by partnering with Crymbo. This collaboration aims to guarantee that tokenized transactions meet global financial regulations using Crymbo’s pioneering compliance data unification layer.
Singularity Finance, a product of the merger between SingularityDAO, Cogito Finance, and SelfKey, has developed a Layer-2 network for tokenizing vital assets within the AI economy, such as graphics processing units (GPUs) and data. This infrastructure is designed to make the AI economy more accessible and liquid, allowing broader participation and investment. However, regulatory compliance continues to pose challenges for organizations eager to enter this space.
Innovative Real-Time Compliance Technology
Crymbo introduces a transformative solution: a decentralized oracle that provides real-time compliance validation while preserving user privacy. All exchanged information is fully encrypted, ensuring that even Crymbo cannot access the data. This innovative system eliminates the need for outdated manual processes, such as the repeated exchange of compliance data via multiple technological platforms, by automating the entire procedure within a secure and efficient ecosystem.
By integrating this technology, financial institutions can now easily demonstrate adherence to regulations, significantly increasing the appeal and feasibility of tokenized assets. The solution is scalable, adaptable, and ready to evolve with changing regulatory requirements, ensuring businesses remain ahead of compliance standards.
“With Crymbo’s oracle, compliance becomes seamless and more efficient, adapting effortlessly to ever-changing regulations”,
commented a spokesperson for Singularity Finance.
This partnership marks a critical leap forward in driving the adoption of tokenized real-world assets. By overcoming compliance hurdles, Singularity Finance and Crymbo are not only enhancing efficiency but also fostering greater security, transparency, and trust within the tokenized AI economy. This breakthrough is expected to unlock new opportunities for institutions and investors alike.
The post Singularity Finance and Crymbo Revolutionize Compliance in Tokenized AI Economies appeared first on The Cryptocurrency Post.
Tech
SniperX Revolutionizes Memecoin Trading with Direct Integration on X
TL;DR
- SniperX enables trading memecoins directly from the X timeline, eliminating the need for external platforms.
- It offers real-time analysis with one-second candlestick charts, live trading volumes, and instant price updates.
- It combines social trends with market tools and a referral system to enhance user experience.
SniperX, an innovative memecoin trading bot, has recently been launched for X users. This new tool aims to revolutionize how traders interact with the market, enabling transactions directly from the social feed without leaving the platform. With the launch of SniperX, users can buy memecoins more quickly and easily, using just the token’s ticker symbol or contract address (CA).
The main advantage of SniperX is its seamless integration with the X user experience. Now, users can trade while browsing their timelines without needing to access external trading platforms. This approach simplifies the process, removing intermediate steps and making memecoin trading more accessible to anyone familiar with social media.
Introducing SniperX
The first memecoin trading bot for X
It’s time to change the game forever pic.twitter.com/hHbxvCgxbV
— Sol Sniper (@solsniperxyz) November 28, 2024
One of SniperX’s most important features is its ability to provide advanced real-time analysis tools. Users can access candlestick charts with one-second intervals, live trading volumes, and up-to-date price data. This valuable information allows traders to make quick and accurate decisions, staying ahead of market movements and maximizing investment opportunities.
SniperX: The Attention Economy
What truly sets SniperX apart from other trading platforms is its ability to merge social trends with traditional market analysis tools. Users can identify which tokens influencers are promoting and which topics are generating the most buzz on the network. Influencer rankings show who is driving conversations, providing a unique advantage in spotting future memecoin stars.
Additionally, SniperX incorporates a referral reward system, allowing users to earn a commission every time their friends make trades using the bot. This additional monetization strategy serves as a strong incentive to encourage the adoption of the tool.
The bot not only offers a faster and more efficient way to operate in the memecoin market but also integrates the power of social media and the trends of the “attention economy,” creating a new approach to market trading
The post SniperX Revolutionizes Memecoin Trading with Direct Integration on X appeared first on The Cryptocurrency Post.
Tech
StarkWare’s Million-Dollar Vision: Scaling Bitcoin with Zero-Knowledge Technology
TL;DR
- StarkWare has announced an initiative to scale Bitcoin and Ethereum using zero-knowledge (ZK) technology, backed by a $1 million research fund. The initiative aligns with Satoshi Nakamoto’s vision of enabling everyday micropayments.
- The Bitcoin community is considering a technical proposal known as OP_CAT. If approved, it could enable potential STARK scaling on the Bitcoin blockchain. StarkWare supports OP_CAT and describes it as “the safest path for Bitcoin to scale.”
- StarkWare recently introduced a new scaling framework, ZKThreads, which could prevent trapped funds and enhance the scalability of decentralized applications.
StarkWare, a leading blockchain technology company, has announced a bold initiative to bring Bitcoin to the masses. Backed by a $1 million research fund, the company aims to use zero-knowledge (ZK) technology to scale Bitcoin and Ethereum simultaneously.
The initiative is centered around Scalable Transparent Argument of Knowledge (STARK) cryptography, a form of ZK technology. StarkWare’s announcement aligns with Satoshi Nakamoto’s vision of enabling everyday micropayments and creating a scalable solution to support global Bitcoin transactions.
StarkNet, a recognized permissionless and decentralized rollup for Ethereum, will serve as the cornerstone for the scaling solution of Bitcoin and Ethereum. Rollups function by consolidating hundreds of thousands of transactions off-chain, and then validating them on-chain at a significantly reduced cost.
StarkWare CEO and co-inventor of cheat-proof ZK cryptography, Eli Ben-Sasson, stated in a press release, “Bitcoin today is mighty, but still a fraction of what it can be.”
Boasting a valuation of $8 billion from its latest funding round, StarkNet declared that it initiated trials of zero-knowledge proofs on Bitcoin back in March. This followed their pledge to release their technology under an open-source license.
The Potential of OP_CAT
The Bitcoin community is currently considering a technical proposal known as OP_CAT. If approved, it could pave the way for potential STARK scaling on the BTC blockchain. Ben-Sasson expressed StarkWare’s support for OP_CAT, describing the OP_CAT Bitcoin soft fork as “the safest path for Bitcoin to scale.”
Introducing ZKThreads
This announcement follows StarkWare’s recent introduction of a new scaling framework, ZKThreads. Louis Guthmann, head of product/market strategy at StarkWare, believes that the framework can prevent trapped funds and enhance the scalability of decentralized applications, potentially preventing a recurrence of incidents like the FTX-Alameda collapse.
StarkWare’s ambitious plans demonstrate the potential of ZK technology to unlock and benefit Bitcoin and the broader blockchain community. As the company seeks to promote research into OP_CAT, the future of Bitcoin could be on the brink of a significant transformation.
The post StarkWare’s Million-Dollar Vision: Scaling Bitcoin with Zero-Knowledge Technology appeared first on The Cryptocurrency Post.
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