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Social Entertainment Platform GazeTV Launches: Creating a Revolutionary Tokenized Ecosystem, Rewarding Audiences And Creators By The Second

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The revolutionary social entertainment platform GazeTV.com has officially launched in Hong Kong. Breaking the convention of online video platforms, GazeTV takes advantage of blockchain technology to increase data transparency and ease management on the platform. Its offering of tokenomic incentives and rewards is designed to enhance the engagement and the reciprocal relationship between content creators and audience.

The fact being that traditional social entertainment platforms lack transparency – most content creators are only able to earn small advertising fees through in-stream advertisements. It is difficult for creators to predict the revenue they can make from a video. Moreover, the frequent in-stream advertisements are disturbance for viewers. GazeTV attempts to give solutions to those issues with the application of Ethereum Blockchain technology and the introduction of the unique tokenized rewards system “GAZE”.

The GAZE system is designed to incentivize the Gazers by measuring the uploaded video duration as well as the engagement of viewers by second. Viewers’ activities on the platform such as the number of views, likes, comments and the sharing of videos will be measured.

On the GazeTV platform, creators are able to customize the theme of the videos they made and set the price for viewing. Audience can either pay to unlock the contents of a particular video or make a direct donation to the content creator.

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One of the edges of the platform is automated content synchronization. This allows creators to import content from any of the multiple compatible platforms to GazeTV. GazeTV was soft launched in Hong Kong with private access on 30th March 2021 while it goes live to the general public today.

Currently the platform provides over 360,000 minutes of video content featuring sports, music, arts and more. The platform has attracted a number of local big names, for example, Gramatik, one of the well-known electronic musician and crypto-artists and Graphy have already started an official channel on GazeTV platform. Thousands of thousands of creators and audience worldwide are expected to join.

The Unique Tokenized Reward Mechanism, a Technological Breakthrough

GazeTV allows Gazers to earn rewards through the content creation and consumption. The reward mechanism is operated on a hybrid model which includes on-chain and off-chain automation. There are multiple rewards, for example Content Upload Reward, Engagement Reward, and Bounty Program.

GazeTV promotes a culture of direct support in the Gazer community. Audience can use their tokens (reward) to unlock paid-content, or directly pay to creators. The arrangement is designed to strengthen the audience-creator relationship and motivate creators to produce even better content. Creators can freely set the price of the contents they produce and manage them with just a few clicks.

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Enhancing Creators’ and Viewers’ Experience:

Easy Content Synchronization and No In-Stream Ads

GazeTV provides an automated content synchronization feature. Creators can easily bring their content from other platforms such as Facebook and more than 455 million WordPress sites to their GazeTV channels in a few easy steps, saving time on uploading videos. GazeTV also provides detailed data analysis for creators’ reference in the backend. Through simple graphs, creators can gauge the demographics of their audiences, including viewing habits, interests, age, location etc., and thus adjust their content to better accommodate their target audience. GazeTV also aims to improve the users’ experience by removing all in-stream ads so viewers can focus on the video contents.

The “Gazer-lization” Strategy and Roadmap

Mr. Jack Cheng, Co-founder of GazeTV says, “At GazeTV, we’re addressing the inadequacy of the existing social entertainment platforms with our mission – Every second counts. Instead of having the content creators uploading content and the audience viewing on the platform, GazeTV attempts to introduce a reciprocity model, namely tokenomic model, which gives back to the Gazer community. We highly treasure the engagement of creators and audience.”

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According to GazeTV roadmap, the platform development is divided into 3 phases, each with different objectives.

Phase 1 “Gaze Age”: focus on the promotion of the right path of technology and functionalities.

Phase 2 “Gazer-lization” : aim to become a complete socialization application for everyday use.

Phase 3 “Gaze Space” which is well-kept secret.

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Blockchain

Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches

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Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.

In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.

While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.

Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.

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Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.

Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.

Source: shakirabrasil.info

The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.

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Blockchain

Italy Ramps Up Crypto Oversight in Line with MiCA

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Italy is preparing to strengthen its oversight of cryptocurrency markets to align with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This initiative, initially enacted in 2022, aims to impose stricter monitoring of digital asset markets, particularly targeting insider trading and market manipulation. Under the new decree, fines ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) will be imposed based on the severity of violations, reinforcing compliance and market integrity.

For blockchain firms and decentralized finance (DeFi) protocols, MiCA presents significant challenges. These entities must decide between fully decentralizing their networks or complying with MiCA’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Fully decentralized networks are exempt from reporting requirements but risk non-compliance if they employ foundations or intermediaries moderating communities.

Centralized exchanges like Binance are adapting to MiCA by categorizing stablecoins as authorized or unauthorized, aligning with regulatory requirements without delisting these assets from spot markets. Uphold has similarly adjusted by delisting certain stablecoins for compliance purposes.

Despite regulatory pressures, experts are optimistic about stablecoins’ future. Figures like Jeremy Allaire, CEO of Circle, predict stablecoins could represent 10% of the money supply within a decade. They anticipate widespread adoption driven by benefits such as financial inclusion, lower remittance costs, and seamless cross-border commerce via public blockchains.

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This regulatory framework underscores the transformative potential of stablecoins and blockchain technology within the global financial system.

Source: coinfomania.com

The post Italy Ramps Up Crypto Oversight in Line with MiCA appeared first on HIPTHER Alerts.

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Blockchain

1inch Network Teams Up with Blockaid for Shield API

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1inch Network has collaborated with Blockaid to introduce the 1inch Shield API, a pioneering advancement in Web3 security. This collaboration aims to enhance user protection within decentralized finance (DeFi) by bolstering defenses against fraudulent tokens. Blockaid, renowned for its expertise in Web3 security solutions, utilizes advanced data analytics and machine learning to swiftly identify and flag scam tokens, safeguarding users from potential financial risks.

The 1inch Shield API also addresses compliance with Anti-Money Laundering (AML) regulations through continuous screenings of blockchain addresses. Powered by TRM Labs, this feature scrutinizes addresses for associations with sanctioned entities and illicit activities, preemptively restricting suspect addresses to prevent regulatory infractions.

Additionally, 1inch integrates Etherscan Pro’s blocklisting capabilities to proactively blacklist suspicious addresses, further fortifying its security measures.

This initiative marks a significant milestone in DeFi security, promising unparalleled levels of security and compliance. As 1inch continues to deploy this technology across its platform, it aims to provide developers and users with enhanced protection and confidence in navigating the Web3 landscape.

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Source: cryptotimes.io

The post 1inch Network Teams Up with Blockaid for Shield API appeared first on HIPTHER Alerts.

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