Blockchain
The First Performance Art NFT Exhibition Of EchoX, A Million-dollar Vision On Its Debut, Overturns The Game
Asia’s New NFT curating and management platform EchoX is officially launched today along with an exciting announcement of its very first NFT performance art called “We Are What We Eat”, which is a derivative work from the 2021 Ars Electronica Festival’s “Earth Tour: Taste Soil”. Created by leading cultural figures VR Gold Award Director Hsin-Chien Huang, Celebrity Chef André Chiang and Contemporary Artist Billy Chang, “We Are What We Eat” involves a co-creation journey featuring the world’s first edible NFT.
Not so long ago, Beeple’s NFT platform, WeNew, released the NFT commemorative work “LOUIS: The Game” for the 200th birthday of Louis Vuitton, which has attracted significant attention and sparked a new wave of cross-arts NFT practices. Though the NFT market is hot, much of the focus has been on creating digital art by digital creators. While according to statista, the global market value of NFT is around 330 million US dollars, compared to the 50 billion US dollars in the global art market value, it only contributes less than 1%. So here comes EchoX — unlike most NFT trading platforms focused only on the digital art circle, filling the big gap by targeting the other 99% of creators, galleries, and brands and providing them the right NFT managing and curating tools to experiment with the intersection of cryptocurrency and culture with the following reimagined ways to interact with NFT.
1. Anti-counterfeiting certificate
Empowering an art by minting an NFT as the corresponding traceable anti-counterfeiting certificates mapped to the original artwork. It allows creators, artists, or brand owners to easily mint their NFT and issue them on various platforms while grasping business opportunities in real-time price tracking.
2. Smart receipt and safekeeping system
NFT as smart receipt and safekeeping system to allow artwork owners to auction or merchandise more easily with NFT, whereas the corresponding physical work is kept in the gallery or a third party institute. This characteristic also increases the artwork liquidity with the authentication ensured.
3. Co-creation certificate of Performance art
NFT can also be applied as a co-creation certificate for performance art, allowing art creators to issue NFTs as an invitation to participate and produce together and furthermore to share the right of future potential dividends.
EchoX is funded by SG Asia Capital (an NFT fund based in Singapore) and incubated with the Venture Studio model by LeadBest Consulting Group (Asia’s top ten blockchain consulting firm awarded by APAC CIO Outlook). The strategic investment round was led by the LeadAgileX Industry Empowerment Fund and backed by angel investors including Mindfulness Capital who participated in the equity investment of top blockchain projects such as Bitmain and Sandbox, as well as expert consultants who specialize in blockchain and cultural fields.It is estimated a total of 1.2 million US dollars as the initial investment of this project.
The founding team members include international curators, technology and financial talents, including international curating consultant Dr. Shin-Yi Yang (Cornell University art history PhD), digital empowerment experts LeadBest founder Chia-Hsien Lee; first Taiwanese in Singularity University Dr. Ju-Chun Ko; Curating director Dr. Chia-Wei Wen; (Candidate) of National Taiwan University of Art AMCP, COO Kuan-Ting Liu, and CPO Chi-Tse Chang. Moreover, EchoX is linking to one of the top blockchain multi-signature vault systems, Cybavo, for the preservation of NFT assets. In addition, global strategic partners also include Thomas Ao, Mindfulness Capital (a blockchain capital fund) founder, Ke-Fei Lin, technical director of VC Trade, a subsidiary of the SBI Group, and Taien Wang, information security consultant and the founding chairman of TGONetworks, Chien-Chih Liu, a collector and chairman of Kings Town Bank International Lease Corporation, and Kelvin Chung, legal counsel KPMG partner lawyer.
“NFT will bring an explosive impact to the art market in the near future,” emphasized by co-founder Dr. Shin-Yi Yang, an internationally renowned curator.
EchoX, COO Kuan-Ting Liu said, “It is foreseeable that more art trading will take place online through virtual certificates, NFT, which also echoes the original vision of EchoX. That is, to provide NFT management tools and online curatorial consulting services for galleries and creators.”
“The cultural and creative industry also needs digital empowerment. So far less than 1% of the global art industry applies blockchain technology. EchoX is aiming at the other 99% entering the brand-new market together. The future possibility is exciting,” commented Neil Lee, CEO of LeadBest Consulting Group, the incubator of EchoX.
The first exhibition is going to be a wow in the global NFT market, more surprising curating projects have been in preparation all the way until the end of the year. NFT is the most popular buzzword in crypto and digital markets nowadays, we believe that more cross-field collaborations will be revealed soon.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara
Blockchain
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