Blockchain
Social Entertainment Platform GazeTV Launches: Creating a Revolutionary Tokenized Ecosystem, Rewarding Audiences And Creators By The Second
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.
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.
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.”
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.
Blockchain
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
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