Blockchain
AvatarArt: Bringing Order to the Chaotic World of NFT
Hanoi, Vietnam–(Newsfile Corp. – November 23, 2021) – AvatarArt helps to bring order to the chaotic world of NFT. “The task of art today is to bring chaos into order” – Theodor W. Adorno. Be that as it may, NFT remains confusing to the artists community. There must be an answer to whether or not a million worth NFT does have a true value.
An Omni NFT Marketplace
AvatarArt, the chosen spearhead project on ByteNext ecosystem, aims to lead “real” NFTs into the Metaverse. They pick a different approach to bridge Technology & Art by collaborating with CHỌN de l’art, a contemporary art Auction house that applies strict curation process approved by world class auction giants like Soltheby’s or Christie’s. This is where NFTs listed on AvatarArt can assure their long-term return as the next Mona Lisa or Starry Night.
AvatarArt offers a seamless experience for creators & collectors to monetize graphics and physical arts, at ease. Besides helping artists mint their physical artworks into NFTs, AvatarArt is fully supported by featureful ByteNext systems, ranging from Launchpad, DEX, VR Exhibition to Yield Guild. It also offers the function of fractionalizing valuable NFTs and listing them on the order book exchange for real-time transactions. Now the high barrier of expensive initial investment to collect artworks is eliminated, allowing more individuals to co-own one valuable piece they all love and help diversifying personal portfolios.
A dreamland for Metaverse citizens
According to Chainalysis, global crypto adoption rose some 881% in the past 12 months. Vietnam topped the world in terms of high crypto adoption rate, followed by India, Pakistan, and Ukraine.
Pic1: Global cryptocurrency adoption among ranking
Besides Defi, Vietnam’s NFT market has become more exciting, especially after the blooming success of Axie Infinity – the P2E NFT Game. Blockchain games are also the most bullish NFTs in the latest report in the area.
Pic 3: AvatarArt: Bring order to the chaotic world of NFT
Pic 4: AvatarArt: Bring order to the chaotic world of NFT
The painting “Portrait of Madam Phuong” by artist Mai Trung Thu (1906 – 1980) was sold by Hong Kong Sotheby’s auction house on April 18, reaching the price of $24,375,000.
After years of outsourcing international projects, Vietnam’s resources of software engineers and artists have high potential in innovative collaborations, fueling the NFT art market there. As DeFi keeps on building the future financial track, NFT will periodically enter the social zeitgeist, authoritatively turning into the key identification to make the Metaverse Economy a reality. In 10 years, Vietnam is expected to catch up with world class Blockchain developers and even surpass many major players.
The Innovation of Blockchain technology has transformed the world of art, offering a new monetizing mechanism that allows contemporary arts to enter mainstream. AvatarArt steps in to remove the geographical limit and grant accessibility to the art market, granting greenlight and profit for all. Not only digital assets, now physical paintings can be minted into NFTs. This is a breakthrough solution that brings illiquid art back into the hands of collectors from all over the world and also serves the utmost goal of NFTs – protecting artists & creators in the digital economy.
The soft launch of AvatarArt is scheduled to be in Q4 2021, long awaited among NFT fans & supporters.
Media Contact
ByteNext.io
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104812
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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