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The APENFT Foundation Announces The Second Open Call Of its $100 Million Art Dream Fund

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Singapore, Singapore–(Newsfile Corp. – August 2, 2022) – The 

Image source: APENFT 2

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WMD Studio, Infinite Falling (2021), digital animation, source: WMD Studio

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https://images.newsfilecorp.com/files/8506/132563_398c9d9a646cb804_004full.jpg.

Another highlight of this year’s Art Dream Fund is that during the call and the selection, APENFT will co-host three online forums with ArtReview to discuss NFT discourse in the art world, the influence of the metaverse on art creation, and NFT collection and sponsorship. The dates and guests of the forums will be announced soon. Please stay tuned.

The open call of the 2022 Art Dream Fund has started, application will close on October 30th. For more registration details, please visit: artdreamfund.apenft.io.

About Art Dream Fund

The Art Dream Fund was co-sponsored by H. E. Justin Sun, founder of TRON, and Sydney Xiong, Director of APENFT Foundation, in 2021. It aims to identify, nurture, and support quality NFT artists through the $100 million fund. Apart from the funding support for art creation, the Foundation will also advise award winners on marketing, publicity, copyright protection, and legal affairs. The winning artworks will be deployed permanently onto the TRON blockchain as a TRC-721 token as well as on the decentralized storage system BFTS. With the help of TRON and the APENFT Foundation, talented artists will stand a chance to take part in online and offline exhibitions, art fairs, auctions at home and abroad, collaborations with renowned international brands, and benefit from crossover marketing.

About APENFT
Officially registered in Singapore on March 29, 2021, APENFT is backed by the underlying technology of the TRON blockchain, with additional support from the world’s largest distributed storage system BitTorrent File System (BTFS). At the core of our mission, APENFT aims to facilitate the creator economy while catalyzing both financial and cultural inclusion in the metaverse. Our vision is to integrate both the virtual and the real worlds seamlessly. APENFT Foundation is the world’s first NFT art foundation that realizes crossover purchases. We aim to bridge conversations between stakeholders in the traditional art world and the digital art community emerging around NFTs, promote inclusiveness and diversity, broaden our multimedia audience, and increase all members’ engagement. In the future, our collection will be made available to the entire community through a series of curated online exhibitions in the metaverse.
APENFT Marketplace | Twitter | Telegram | Discord

Media Contact
Miles Wang
[email protected]

About Async Art

Async Art is the premiere platform where users can create, collect, and sell generative art & music NFTs. Async breaks down the technology barrier many creators face and allows artists of all backgrounds to participate in the Web3 space.

With our Async Canvas tool, users can create interactive, future-facing art and music without any coding knowledge. The platform provides streamlined solutions for audio and visual creators to make innovative NFTs, including 1/1s and an entire collection. The platform encourages artists to experiment and push boundaries in the NFT space.

About ArtReview

Founded in 1949, ArtReview is one of the world’s leading international contemporary art platforms. Aimed at both a specialist and a general audience, it is dedicated to expanding contemporary art’s reach, and tracing the ways it interacts with culture in general. It also provides the most intimate reading for contemporary art.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/132563

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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THXLAB and IZUTSUYA Announce Strategic Partnership

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OZANK Joins Forces with RevoluGROUP to Enhance Global Payment Infrastructure

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Blockchain

Financial industry bodies defend permissionless blockchains against Basel Committee’s classification

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Five financial industry bodies have pushed back against the treatment of permissionless blockchains by a global banking supervision authority.

In December, the Basel Committee on Banking Supervision (BCBS) published a report on proposed amendments to bank capital requirements for digital assets, stablecoins, and tokenized assets.

The report classified all permissionless blockchains as high-risk, claiming that some risks could not be mitigated through existing solutions. BCBS was particularly concerned about banks’ lack of control over third parties who conduct most operations on these blockchains. It also warned about their privacy, finality, liquidity, and political, legal, and policy risks.

In response, five global financial industry regulators have defended permissionless blockchains. In a joint response, they stated that the industry “has all necessary expertise and robust compliance frameworks to fully identify, manage and mitigate these risks.”

The five are the International Swaps and Derivatives Association, the Global Financial Markets Association, the Institute of International Finance, the Futures Industry Association, and the Financial Services Forum.

Blockchain’s application in the financial industry is evolving, and regulators must not disincentivize banks from exploring the technology, the regulators stated. By putting up unnecessary hurdles, the BCBS would only push these institutions to the non-regulated shadow banking space, which would be riskier for them.

The regulators further noted that dozens of global banks have conducted successful pilots using permissionless blockchains. These pilots have shed more light on the technology’s application and allowed them to understand and control emergent risks.

The BCBS approach is unfair to blockchain and veers away from the regulator’s long-held “same asset, same risk” approach, they added.

“While we acknowledge that risk mitigation techniques are evolving for permissionless crypto assets…we are confident that solutions already exist in respect of specific use cases,” the five stated.

They believe deciding whether to build on permissionless blockchains should be left to the banks.

The financial sector has been a leader in blockchain adoption, with some, like JPMorgan (NASDAQ: JPM), developing their own permissioned networks, albeit unsuccessfully. However, most have relied on existing solutions to build applications spanning settlement, bond issuance, tokenization, etc.

Source: coingeek.com

The post Financial industry bodies defend permissionless blockchains against Basel Committee’s classification appeared first on HIPTHER Alerts.

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