Blockchain
FanTV Onboards 1 Million+ New User Accounts To Sui
FanTV, a leading SocialFi platform empowering the creator economy, announced today a major milestone of onboarding over 1 million new user accounts on Sui, the Layer 1 blockchain and smart contract platform. This achievement represents 48% of the 2.6 million wallet growth on Sui over the past week. This significant growth underscores the successful integration of blockchain technology with social media platforms, enhancing user engagement and expanding the reach of decentralized networks. FanTV’s integration with Sui marks a pivotal step in the mainstream adoption of blockchain solutions in the content streaming landscape.
Founded by Prashan Agarwal, former CEO of Gaana (one of India’s largest music streaming platforms that raised $115M from Tencent), FanTV offers a unique Create / Watch to Earn model, bridging the web2 user experience with the web3 ecosystem. Users and creators earn points for engagement and content creation on the platform, which are then converted into the platform’s token. These tokens can be used for various platform utilities, such as promoting content, tipping creators, purchasing creator keys, and subscriptions. FanTV boasts over 4 million users and more than 20,000 creators. Its integration with Sui has significantly contributed to this growth, adding over 1 million wallets to the Sui platform and solidifying its role in bringing the masses to Web3.
Prashan Agarwal, Founder and CEO of FanTV, expressed his excitement about this milestone, stating, “Partnering with Sui has enabled us to deliver even greater value to our users. As the fastest-growing consumer social dApp, FanTV is committed to pioneering new frontiers in blockchain technology, user engagement, and new avenues for creator monetization. This surge in established wallets is just the beginning of what we can achieve together. Our vision is to decentralize the creator economy, and this is a good step in that direction.”
Greg Siourounis, Managing Director of the Sui Foundation, commented, “Thanks to FanTV’s recent integration with Sui, we’re witnessing Sui’s tremendous capacity to handle dramatic increases in wallets seamlessly, without any interruption to user experience. This massive growth is a testament to the power of collaboration and innovation, and we are excited to witness continued growth and adoption within the Sui ecosystem.”
Following this milestone, FanTV plans to focus on global expansion, aiming to onboard over 100,000 creators and 10 million users in the next 12 months.
Source: cryptodaily.co.uk
The post FanTV Onboards 1 Million+ New User Accounts To Sui appeared first on HIPTHER Alerts.
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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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