Blockchain Press Releases
Monotype Launches a New Foundry Program, Designed to Empower and Scale the Type Community
- The Foundry Program gives type foundries and type designers greater visibility and an enhanced royalty model
- Over 1,000 foundries and type designers have already signed up to the Foundry Program pre-launch
WOBURN, Mass., Aug. 18, 2023 /PRNewswire/ — Type and technology specialist Monotype® has launched the Foundry Program – dedicated to empowering and scaling independent type foundries and type designers around the world. Over 1,000 foundries and type designers have signed up to the Foundry Program pre-launch.
Two years in the making, the Foundry Program has been launched by Monotype to further support the type design community with increased visibility to customers, a range of analytics tools and marketing features. The Foundry Program is free to join and designed to help partnering type foundries and type designers realize the full value of their creative IP. It includes an enhanced royalty model intended to provide Monotype’s type partners with a consistent, scalable revenue stream.
Monotype offers an unparalleled library of fonts including many of the world’s most iconic typefaces from over 4,500 independent type designers and foundries. These typefaces have the potential to be seen by over 100 million potential customers comprising designers, creatives and users through Monotype’s ecommerce platforms including Monotype Fonts. Monotype Fonts is the leading font license and management platform in the industry offered ‘as a service’.
Examples of Monotype’s customers and partners include Canva, Shopify, Picsart, Toyota, Nike, H&M, Samsung, Microsoft, Adidas, Ford, Tencent, Fuji PTC, Duolingo and Alibaba.
Partnering foundries and type designers on the Foundry platform will gain a dedicated, brandable page on MyFonts and Monotype Fonts, a new “business hub” analytics dashboard, self-service tools to easily upload and manage type designs, educational assets, and additional marketing support.
John Roshell, Design Director at Comicraft said, “Comicraft was honored to be one of the first few foundries included in the Monotype Fonts service, and since then it has become a wonderful option for our customers to be able to “try before they buy”, and design with the freedom of knowing that the licensing is covered. As part of the Foundry Program, we look forward to using the new reporting tools to gain new insights as to how customers like to use our fonts, and how best to expand and improve our catalog in the future.”
Luciano Vergara, Founding Partner of Latinotype said, “The equipment, technology and partnership with Monotype have been an important part of our success and we are excited to join the Foundry Program.”
David Kerkhoff, Founder of Hanoded said, “When I first started out as a fledgling foundry called Hanoded with just a few fonts to my name, Myfonts and Monotype embraced me and nudged me in the right direction. I am honored to be part of the Foundry Program and look forward to a fruitful and creative partnership.”
Monotype’s network of independent type foundries and type designers has grown over 30% over the last 3 years. In a 2022 Monotype survey of 433 independent type foundries, half the respondents (50%) revealed that the royalties paid to them by Monotype represented 50% or more of their total revenue. For almost a quarter of foundries (24%), Monotype royalties represented 75% or more of their total revenue.
The Foundry Program will help the independent type community respond to rapidly changing customer needs and wider trends in the design software industry. As of 2022, the value of the global Font and Typeface market was estimated at USD 1.05 billion and is anticipated to reach USD 1.32 billion by 2028.
While the market for quality type is strong and growing, common customer challenges include time spent searching for fonts across different websites; managing tens – sometimes hundreds – of individual perpetual font licenses; sharing fonts and forecasting the total cost of type within the business; and ensuring brand consistency globally. As a result, many companies now prefer to access an extensive library of quality fonts via a single end-user license agreement.
Mary Catherine Pflug, Director of Partner Product and Operations at Monotype said, “After two years of extensive research, planning, user experience design, foundry platform development, and testing, we’re tremendously excited to launch the Foundry Program globally. Over 1,000 independent foundries and type designers have already signed up for the program pre-launch. As part of the program, their fonts are included in Monotype Fonts to reach more customers, they benefit from new marketing, merchandising, and business analytics tools, and earn additional income from our new royalty model designed for fonts sold in our subscription offerings. Our goal is to grow the market for high-quality independent type and make sure that the people and businesses creating type are rewarded for the value they bring to commerce, culture, and creativity.“
Ninan Chacko, CEO of Monotype said, “Monotype is committed to raising the value of typography across the world. Providing enhanced tools, technology, insight, education, and support for our foundry partners is critical to this mission. We are thrilled to launch the Foundry Program to help get their typefaces in the hands of even more creative professionals around the world.”
More information on the Monotype Foundry Program here.
For foundries with questions about joining the Program contact us.
About Monotype
Monotype creates brands that matter with type, technology, and expertise. The company partners with leading foundries to deliver the broadest inventory of high-quality typefaces in the world for our customers. Monotype Fonts is the leading font management platform in the industry and combines the world’s largest collection of award-winning type, the expertise of the most sought-after foundries and type designers and trusted and secure font management — all under a single agreement.
Further information is available at www.monotype.com.
Follow Monotype on Twitter, Instagram and LinkedIn.
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Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
Republican Senator Roger Marshall has withdrawn his support for the Digital Asset Anti-Money Laundering Act of 2023, a controversial bill he initially co-sponsored with Senator Elizabeth Warren and others. This bill, reintroduced in the Senate on July 27, 2023, aimed to bring the cryptocurrency industry into alignment with existing anti-money laundering (AML) and counter-terrorism financing (CTF) laws.
Key Provisions of the Bill
The legislation proposed stringent regulations on digital asset providers, including unhosted wallet providers, miners, and validators, by classifying them as financial institutions under the Bank Secrecy Act (BSA). It mandated these entities to adhere to BSA compliance requirements, which include extensive reporting and monitoring responsibilities. Additionally, the bill called for the Financial Crimes Enforcement Network (FinCEN) to establish regulations for reporting significant foreign digital asset holdings and to create compliance measures to address risks associated with anonymity-enhancing technologies.
Senator Marshall’s Shift
Marshall’s withdrawal from the bill comes as a surprise, particularly given his earlier criticisms of cryptocurrencies, which he has described as a “threat to national security.” This includes concerns over stablecoins like Tether potentially facilitating illegal activities and circumventing U.S. sanctions. Despite his earlier stance, Marshall’s departure from the legislation suggests a reconsideration of the bill’s implications or an alignment with broader political and industry perspectives on cryptocurrency regulation. His office has not provided a comment on the reasons for his withdrawal.
Political and Industry Reactions
The bill had garnered significant bipartisan support, with 18 co-sponsors, reflecting a broader concern in Congress over regulating the rapidly growing cryptocurrency market. However, it has also faced criticism for potentially imposing impractical compliance burdens that could stifle innovation and push crypto activities offshore. Critics argue that the bill’s stringent requirements could inadvertently drive users toward unregulated platforms, thereby undermining its intent to enhance security and regulatory oversight.
Broader Context
The withdrawal comes at a time when cryptocurrency regulation is a highly contentious issue in U.S. politics. Former President Donald Trump has promised to relax crypto regulations if elected, contrasting with the current administration’s more stringent stance. Under President Joe Biden, the Securities and Exchange Commission (SEC) and other regulatory bodies, led by figures like Gary Gensler, have taken a more rigorous approach to regulating the sector, which has drawn criticism for being overly restrictive.
Senator Marshall’s decision to step back from the Digital Asset Anti-Money Laundering Act reflects the complex and evolving nature of cryptocurrency regulation in the U.S. While the bill seeks to bring greater oversight and security to the crypto industry, it also raises concerns about regulatory overreach and its potential negative impact on innovation and privacy. As the debate continues, the U.S. legislative and regulatory landscape for cryptocurrencies remains in flux, balancing the need for security with the desire to foster technological innovation.
Source: decrypt.co
The post Marshall Becomes First US Senator to Walk from Controversial Crypto Bill He Co-Sponsored appeared first on HIPTHER Alerts.
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