Blockchain
Black Owned New Tech Entertainment Platform 360NFT Launches with Willie Taylor as Debut Artist
360NFT, the first of its kind Black owned music NFT platform, powered by Trapchain, Inc., has collaborated with indie music artist and native Chicagoan, Willie Taylor, to drop his first NFT for his music project, “Write My Wrongs”. Taylor first gained notoriety as a contestant from MTV’s “Making the Band 4”, where he was chosen by Sean Combs to be a member and one of the main vocalists for the band Day26 on August 26. 360NFT’s November 26 launch and debut NFT release commemorates the band’s popularity and success. Headed by Chicago, IL natives, founder Casmir Patterson, Chief Technology Officer, tech pioneer, Mark Bush co-founder and Chief Possibility Officer, and Lathan Hodge, the Chief Operating Officer, 360NFT’s uniquely designed, streamlined ecosystem makes it easy for users to thrive on the blockchain, without the need to code, navigate complicated technology, or handle delivery.
360NFT endeavors to help artists leverage exposure while maximizing their economic potential with an innovative cryptocurrency technology platform that monetizes content and music assets. Built specifically for the music and entertainment industry, 360NFT allows artists, agents and labels to seamlessly make their content and music assets available by leveraging their technology to monetize collectible assets for compensation under the Ethereum and SKALE network.
Creating a seamless customer experience is critical for 360NFT.io as well as choosing the right partners like the SKALE Network and Digiwaxx. By utilizing SKALE, 360NFT is able to completely avoid the high gas costs for deploying the smart contracts and minting NFTs. Additionally, customers can claim their NFTs without any gas fees, which can amount to hundreds of dollars during peak times. Ultimately for fans, this helps get music into their hands quickly and easily, so they can enjoy the hottest tracks within seconds. Digiwaxx, a free online digital music pool for DJs for the past 20 years, is the leading platform for marketing and digital music promotion for the music industry in hip hop, R&B, reggae and dancehall music.
“What sets 360NFT apart from other NFT experiences, such as platforms like UJO, is that most others cast too wide of a net. They haven’t built or provided an adequate solution to the pain points of music specific genres needed to be addressed across the board,” explains Casmir Patterson, a Certified Consensys Developer and Binance fellow, who has been in blockchain since 2011.
“360NFT has streamlined and applied a particular structure to develop a strong community around our token curated playlist within the entertainment sector. We also provide a white label solution to assist genres starting with trap music and hip hop, as well as Afro Beat, Latin, reggaeton and K-Pop,” adds Mark Bush, whose company, SongPro, pioneered the first African American owned portable, digital multimedia device manufactured in history in the early 2000’s. “360NFT has the distinguishing characteristics of creating a platform that does not have limited metadata structures and offers a custom metadata field, along with custom smart contract opportunities.”
“While there are other choices I could have made to drop my first music NFT, I thought it was important to show that our culture’s capability and talent goes beyond just the front end of what folks see on the creative side. We have the intellectual capital for the technology to build, mint, and deliver our creative assets on an ecosystem that we created and developed,” adds Willie Taylor, who was also a cast member on the popular VH1 franchise, “Love & Hip Hop”.
The official drop time for “Write My Wrongs” will be at noon on Day 26 of November at https://360nft.io. There will be three NFT music tracks with ONLY 126,000 downloads per song in a 24-hour period, accompanied by NFT digital artwork by Israel Wilson.
Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
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Blockchain
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.
Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.
Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.
Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.
Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.
Source: news.bitcoin.com
The post Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak appeared first on HIPTHER Alerts.
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