Blockchain
Third Place launched the world’s first NFT platform, Third Place NFT, on the Free TON blockchain
St. Petersburg’s cultural space Third Place launched the NFT platform Third Place NFT for real-world art objects. The platform is powered by the world’s most productive blockchain Free TON. Being part of the platform, artists and galleries will have the opportunity to tokenize their works, as well as to register and sell exclusive rights to their works.
Unlike the most popular crypto art NFT platforms, the Third Place NFT focuses on the projects related to real cultural objects – thus creating new mechanics for owning and monetizing art objects via NFT.
It is no secret that many NFT projects face a “garbage problem:” the NFT hype has caused a surge of works with no significant cultural value. The Third Place NFT platform offers an elegant solution to this problem – curatorship (supervision). The platform aims to launch its own tokens, holders of which will receive exclusive curatorial rights. Curators will be able to vote for submitted works, thereby highlighting truly valuable pieces of art. At the first stage, the tokens of Third Place will be distributed among the initiators – competent experts in the field of art. As the project develops, new participants will receive voting tokens as a reward for their activity.
In addition to standard development ways, Third Place plans to use the platform for special projects. The first and most ambitious of them will be creating a collective private gallery of classic art. Within the framework of this project, Third Place plans to search for art objects on the market and to verify their authenticity in partnership with major Russian museums.
Thanks to the NFT technology, the rights to use the found objects of art will be presented in the form of several thousand unique fragments – tokens. With tokens, members of the Third Place NFT platform will buy the rights to artworks piece by piece. The cost of each unique piece will depend on the size of the art object and its value. The cost will vary from USD 1,000 to 30,000.
According to the approved declaration, after the acquisition and import of art objects to Russia, the partner museum that took part in its selection will be able to obtain the rights to its long-term exposition for 3-5 years. After the exhibition period is over, all art objects will be exhibited at the Third Place gallery, and the token holders will have the right to visit it without restrictions.
Thus, thanks to the Third Place NFT platform, absolutely anyone can become an owner of the rights to artworks worth tens of millions of dollars. The masterpieces of Vincent Van Gogh, Pierre Auguste Renoir, Paul Gauguin and many others can be forever brought to Russia and beautify the walls of Russian museums and galleries.
“We plan to exhibit the cultural property acquired through NFT technology in public spaces. We are also searching for new art objects to purchase. In general, the list of paintings we are interested in has already been completely formed for the next year, and we are booking artworks and solving legal issues. Our ambitious goal for 2022 is purchasing 10 paintings of great masters (primarily the Impressionists) and importing them to Russia,” says Olga Zvagolskaya, the founder of Third Place.
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
