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.
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
-
Blockchain7 days ago
THXLAB and IZUTSUYA Announce Strategic Partnership
-
Blockchain3 days ago
Open-Source Intelligence (OSINT) Market is expected to reach a revenue of USD 64.9 Bn by 2033, at 25.6% CAGR: Dimension Market Research
-
Blockchain Press Releases7 days agoBitget to Take Center Stage at Blockchain Life and Token2049 Dubai
-
Blockchain Press Releases2 days agoBybit and Franck Muller Partner with Sidus Heroes to Launch Cosmic Gears: A Pioneering Web3 Game with a $250,000 Prize Pool and Exclusive Watch Collection
-
Blockchain Press Releases7 days agoBitrue Gears Up for 2024 Bitcoin Halving with Trading Competition
-
Blockchain2 days agoBlockchain Transforming Travel: Quantum Temple’s Innovative Venture
-
Blockchain Press Releases7 days ago
aelf Leads the Fusion of AI and Blockchain to Shape the Future of Technology
-
Blockchain2 days ago
Evolution of the Blockchain World: Doric Blockchain Drives Education and Adoption of Blockchain Technology and Tokenization in Latin America
