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.
bybit lucky
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.
-
Blockchain5 days agoBridging Innovation and Regulation: How Yellow Network is Transforming Non-Custodial Trading in a Pro-Crypto Future
-
Blockchain6 days ago
Prosper Adds 7,000 More ASIC Miners from BITMAIN To Drive Tokenization of Hashrate as Multichain RWA ; Targets 170MW Capacity With New Strategic Round
-
Blockchain Press Releases5 days agoHTX Ventures Identifies Five Rapidly-Growing Sectors in 2024, Expects Positive Crypto Regulations Driven by Trump Next Year
-
Blockchain5 days ago
Blocks & Headlines: Today in Blockchain (Reserve Bank of India (RBI), Aethir, Blockchain Center Abu Dhabi, Qubetics, )
-
Blockchain3 days ago
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain6 days agoLoan Brokers Market Opportunities and Strategies Report to 2033 – Loan Brokers Market Poised for Strong Growth, Forecasted to Reach $947.9 Billion by 2033
-
Blockchain4 days agoBuilding Bridges in Crypto: Bybit Sparked Dialogues and Joined Industry Leaders at Bitcoin MENA
-
Blockchain Press Releases4 days agoDubai Police Team Triumphs at KuCoin Sponsored 2024 Dubai Open Gov Padel Cup
