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Wavlake Partners with ZBD: Powering a Fairer Music Distribution Ecosystem

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Wavlake, the music and podcasting distribution platform for the open value for value economy, today announces a new partnership with ZBD, the leading payments company powering digital economies. The partnership enables a new model where creators can instantly and seamlessly connect to audiences and monetise their content.

Streaming services like Spotify and Apple Music are notorious for paying out extremely small royalties to music makers (Spotify recently announced it will stop paying anything at all for tracks that receive fewer than 1,000 streams per year). Wavlake, on the other hand, is helping shape a fan-driven creator economy that thrives in an open ecosystem. Since its launch in 2023, Wavlake has proved extremely popular with independent musicians, artists and podcasters, helping support them financially so they can focus on creating their best content.

With Wavlake, musicians and podcasters can upload their music and content which is then distributed to a range of apps and websites, including podcasting 2.0 platform, Fountain.fm. Wavlake also gives every listener the option to tip their artists if they enjoy the content, on any app or platform it distributes podcasts and music to, creating an online world where creators and listeners can freely transact with one another, with no minimum payout. This is enabled by the Bitcoin Lightning Network, which allows money to be transferred instantly and in much smaller amounts (fragments of Bitcoin called ‘sats’) than legacy payment processors.

Ainsley Costello, an upcoming independent musician from Nashville, was the first to receive 1 million sats (worth over $700) on a single track, her hit song, ‘Cherry on Top’. To earn a similar amount on Spotify, an artist would need to have their songs streamed almost half a million times. Ainsley’s new track “People Pleaser” was released last Friday, exclusively on Wavlake and Fountain and earned over 300,000 sats (a bit over $200) in the first 24 hours, which the artist also received immediately. In just under a year using Wavlake distribution to non-traditional platforms, Ainsley surpassed her earnings from nearly five years on traditional streaming platforms.

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Ainsley commented:

“Serious disruption in the music industry is long overdue and Wavlake has given me so much hope. Large companies like Spotify and Apple have controlled access to both revenue and fan information for decades, but this changes that. Wavlake removes the financial and social barriers that have long existed between artists and fans. It upends the decades old advertising and subscription-based monetization model and is proving that when fans choose where to spend their money and how much they value the music, everyone wins. I’ve been blessed to find a brand new, worldwide community that values me and my music. In less than 4 months on the platform I saw a 10X increase in song-related income, this is a game changer.”

The partnership with ZBD will provide Wavlake with a global, highly scalable payments infrastructure that can instantly handle any volume of payments, giving Wavlake the ability to compete with some of the mainstream music platforms and streaming services, with ZBD taking care of the payment functionality. Through ZBD’s technology, each creator connects a Bitcoin Lightning Address to their profile, so they can receive payments directly from listeners. This extremely efficient flow of money allows users to send around transactions 20 times smaller than a single cent. It also provides a mechanism to better-connect artists and fans, outside of traditional and heavily skewed reccomendation algorithms.

“We’re very excited about what Wavlake is doing, as a great way to push the music and podcasting space forward in a more equitable way, but also as an innovative use of our tech,” says Ben Cousens, Chief Strategy Officer at ZBD. “It’s just very fulfilling to see the ability to send instant global payments with no minimum sizes enabling positive change for creators. Use cases like this are why we built the ZBD platform.”

The post Wavlake Partners with ZBD: Powering a Fairer Music Distribution Ecosystem appeared first on HIPTHER Alerts.

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Blockchain

Wealth Management Platform Market Size to Reach US$ 15.8 Billion by 2032 Due to Rising Demand for Comprehensive Financial Solutions | Research by SNS Insider

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RAK DAO Partners with Phoenix Group PLC (PHX) and Internet of People (IOPn) to Commit $100 Million Investment to Boost Web3 Innovation in Ras al Khaimah

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Phoenix Group PLC and IOPn commit to investing $100 million to drive innovation and attract top Web3 talent to Ras al Khaimah by 2030.

This partnership aims to create a thriving ecosystem for blockchain and digital assets in the region.

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RAK DAO, the world’s first and only Free Zone with Common Law features established to support digital assets companies, has entered into a strategic partnership with Phoenix Group and IOPn. This collaboration aims to drive innovation, foster economic growth, and further position Ras al Khaimah as a global hub for Web3 pioneers. Phoenix Group, an ADX-listed company, is a leader in web3 development in the UAE. IOPn is an integrated Web3 ecosystem that leverages blockchain, AI, and cutting-edge spatial computing.

As part of the partnership, Phoenix Group and IOPn have committed to investing $100 million into the Emirate of Ras al Khaimah by 2030 leveraging RAK DAO’s infrastructure. This substantial investment underscores Phoenix Group and IOPn’s dedication to stimulating innovation and attracting top-tier professionals to the region within the Web3 space. The partnership seeks to target, encourage and attract highly-skilled individuals in Web3, crypto, blockchain, and developer domains to the region. Phoenix Group and IOPn aim to enrich the local talent pool by leveraging initiatives such as the Golden Visa programs and RAK DAO business licenses through investment. By nurturing top-tier talent, RAK DAO, Phoenix Group and IOPn seek to create a thriving ecosystem that harnesses cutting-edge technologies – including blockchain, spatial, and cognitive solutions for economic development and sustainability.

Dr. Sameer Al Ansari, CEO of RAK DAO has expressed, “We are thrilled to welcome Phoenix Group and IOPn as RAK DAO’s Ecosystem Partners. The $100 million investment marks a significant milestone in our mission to establish Ras al Khaimah as a premier destination for Web3 innovation and talent. By leveraging Phoenix Group and IOPn’s expertise and resources, we are poised to further enrich our dynamic ecosystem that fosters cutting-edge technologies and attracts the brightest minds in the blockchain and digital asset sectors.

This collaboration underscores our commitment to driving economic growth and sustainability through technological advancements. We look forward to welcoming top-tier professionals and pioneering initiatives that will redefine the digital landscape of Ras al Khaimah.”

Mr. Seyed Mohammad Alizadehfard (Bijan), Co-founder & Group CEO of Phoenix Group, elaborated on the new strategic dimensions of the partnership, stating, “Our joint venture marks a pivotal expansion of our commitment to blockchain infrastructure aimed at enhancing the technological landscape in Ras al Khaimah. Our partnership will not only drive innovation but also strategically position the Emirate as a leading center for blockchain excellence globally.”

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Mr. Mojtaba Asadian, Founder and CEO of IOPn, added: “IOPn builds on the visionary leadership of Ras Al Khaimah and the supporting environment created by RAK DAO to provide a unique opportunity for top-rated world talent to innovate and create value. IOPn is doing this by offering a powerful new Web 3.0 ecosystem and using the significant proven capabilities of Phoenix Group. We’re thrilled to be embarking upon this partnership with RAK DAO in collaboration with Phoenix Group.”

At the heart of this collaboration lies a commitment to access and nurture top-tier talent within the blockchain and Web3 industries. By enriching the local talent pool and fostering an environment conducive to innovation, RAK DAO, Phoenix Group and IOPN aim to drive forward-thinking initiatives that redefine the landscape and highlight the Emirate of Ras al Khaimah as an attractive destination for top talent. This six-year partnership and substantial investment underscore their dedication to stimulating innovation and attracting top-tier professionals.

 

The post RAK DAO Partners with Phoenix Group PLC (PHX) and Internet of People (IOPn) to Commit $100 Million Investment to Boost Web3 Innovation in Ras al Khaimah appeared first on HIPTHER Alerts.

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xPortal Enhances Solana Crypto-to-Cash Experience with New Ecosystem Integrations

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 xPortal, the ultimate financial super app for everything money, developed by the MultiversX team, is thrilled to announce significant enhancements to its platform, aimed at elevating the Solana ecosystem experience for both new and existing users.

These updates include the ability to top up xPortal Debit Cards with SOL, the listing of numerous SPL tokens, and the integration of leading SOL dApps in xPortal’s Discover section, the app’s multi-chain dApp hub. This development further cements xPortal’s role as a unique bridge between the digital and physical worlds, facilitating seamless transitions from crypto to cash for holders of top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), MultiversX (EGLD), Solana (SOL), and Polygon (MATIC).

Starting today, xPortal users can effortlessly top-up their xPortal Debit Cards with their SOL holdings. This new feature allows Solana enthusiasts to use their crypto for shopping easily and manage their finances quickly, making it simpler than ever to transition from digital assets to real-world spending power.

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Additionally, xPortal now supports over 20 Solana-based SPL tokens, providing users with expanded opportunities to manage and interact with their favorite Solana assets. The new tokens available on xPortal include $PYTH, $IO, $JTO, $WIF, $BONK, $JUP, $RAY, $BOME, $HNT, $POPCAT, $BEER, $USDT, $USDC, $LINK, $LDO, $FTM, $RPL, $SUSHI, $DADDY, and $BODEN. This extensive list ensures that users can now enjoy a comprehensive Solana experience directly from the xPortal app, with more tokens being activated weekly.

The xPortal Discover section has also been enhanced with the addition of top-tier Solana decentralized applications (dApps). Users can now explore and interact with premier Solana dApps, including Jupiter Exchange, Raydium Protocol, and Kamino Finance.

Sergiu Biris, Head of Product at MultiversX and xPortal Lead, commented on the update: “These latest developments are a testament to our dedication to providing a complete experience for our users and represent a significant step forward in our mission to bring blockchain technology into the mainstream and make crypto payments the norm.”

“We’ve spent considerable time equipping xPortal with a unique set of features that make it stand out: unmatched simplicity and ease of use, beautifully abstracted complexity, the ability to bridge physical and digital realms, and many others. We’re excited to make access to all these features ecosystem-agnostic,” Biris added.

 

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The post xPortal Enhances Solana Crypto-to-Cash Experience with New Ecosystem Integrations appeared first on HIPTHER Alerts.

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