Blockchain
U.S. Global Investors Announces Strategic Investment in NFT Business via Network Entertainment
U.S. Global Investors, Inc. (Nasdaq: GROW) (the “Company”), a registered investment advisory firm that focuses on specialized markets around the world, is pleased to announce that it has purchased 1 million shares of Network Entertainment, Inc. (“Network”) in its recent financing. The investment is intended to provide exposure to Network’s emerging non-fungible token (NFT) business, adding to the Company’s established participation in the digital asset ecosystem.
Trading as Network Media Group, Inc. (TSX.V: NTE.V) (OTCMKTS: NETWF), Network Entertainment is an award-winning media production company that has produced dozens of feature documentaries, documentary series and related premium content. Among Network’s most popular programming includes its highly-rated “I Am” slate of feature documentaries for Paramount, which have spotlighted some of the biggest names in entertainment, sports and activism from the 20th century, including Bruce Lee, Chris Farley, Patrick Swayze, Richard Pryor and JFK Jr.
Capitalizing on its global reputation as creators and producers of premium content, Network has recently announced that it intends to create and distribute NFTs using existing and upcoming content.
Readers are urged to click here to visit Network’s website to explore its rich content.
GROW Getting Early Exposure to the NFT Craze
The Company sees great potential in what Network has planned for its intellectual property, and it is keen to explore the nascent NFT space as a complement to its investment in HIVE Blockchain Technologies, Inc. (Nasdaq: HIVE), which has also invested in Network. The Company owns unsecured convertible HIVE debentures as well as common share purchase warrants.
“We’re backing a strong team at Network Entertainment,” says Frank Holmes, Company CEO and chief investment officer, as well as Executive Chairman of HIVE. “I’ve known Network Board Member Tim Gamble for years, who’s a true visionary, having co-founded and been a former CEO of Thunderbird Entertainment Group, Inc. (TSX.V: TBRD). Network has such a rich portfolio of intellectual property, and I’m excited to see how it can be monetized using NFTs. Most NFTs operate on the Ethereum network, as does its native digital currency Ether, which HIVE mines, along with Bitcoin, using only 100% green renewable energy. As NFTs increase in demand, so too should the demand for Ether. HIVE, therefore, is well positioned to benefit from the increased need for Ether, making this investment a potential win-win for GROW as well as HIVE.”
NFTs Generated a Record $10.7 Billion in Sales in the Third Quarter
NFTs are unique, non-interchangeable crypto assets that provide proof of ownership of a digital item such as an image, song, meme, tweet or video clip. Ownership is recorded on a publicly open blockchain platform, often the Ethereum network, allowing owners to buy and sell NFTs on specialized marketplaces in place of the property they represent.
Like cryptos in general, NFTs are a booming new market, having seen $10.7 billion in trading in the third quarter of 2021, up from just $28 million a year earlier. Many celebrities and content creators, including Snoop Dogg, Paris Hilton, Tony Hawk and Martha Stewart, have participated in the space. Coinbase, one of the world’s largest crypto exchanges, recently announced plans to launch Coinbase NFT, a “peer-to-peer marketplace that will make minting, purchasing, showcasing and discovering NFTs easier than ever,” according to the company’s website. Within 24 hours of its October 12, 2021, announcement, Coinbase NFT had acquired more than 1 million names to its waitlist.
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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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