Blockchain
Niftify Announces U.S. Launch and Partnership with Blockchain Platform Polygon
Niftify Limited LLC, the all-inclusive NFT platform, announces it is expanding operations by launching in the U.S. market. Beginning January 4, 2022, Niftify’s NFT drops and exclusive community experiences will be open to U.S. residents.
Niftify also announces its partnership with Polygon, the Layer 2 scaling solution for the Ethereum blockchain to offer the benefits of Layer 2 to its NFT creators. Through Layer 2, transactions are executed on a more scalable chain and then submitted periodically as a checkpoint to the Ethereum blockchain, allowing for lower transaction costs and increased transaction speeds. Niftify is also one of the reliable projects exploring the concept of “lazy minting,” or minting an NFT without having to pay upfront network fees.
In addition to partnering with Polygon, Niftify has entered a partnership with Bittrex Global, one of the world’s biggest blockchain digital asset trading platforms, to foster Niftify’s innovation to new users.
“At Niftify, we envision a future where creators connect directly with their fans around the world. We want to bring the metaverse to the people and make it as accessible as possible,” says Bruno Ver, co-founder and CEO of Niftify. “Expanding into the U.S. and enhancing platform functionality by meaningfully reducing the cost of minting and transacting for our creators helps us make our vision and goals a reality.”
Niftify also announces these NFT drops:
- Niftify Christmas Drop – December 25: Starting on Christmas, users will have access to the Niftify Christmas drop, a collection of 5,000 unique NFTs. Users will be able to buy, bid on and sell this collection of algorithmically-generated images of Snowman Avatars to join the Snowman Family and get exclusive access to the Niftify community.
- The Syndicate with Ice-T – January 4: Tied to the U.S. launch, Niftify will release the second batch of The Syndicate, the platform’s exclusive NFT collection with legendary rapper, songwriter, actor and producer Ice-T. This commemorative set of 10,000 NFTs was created in collaboration between Ice-T and Tommy the Animator. Purchasing these NFTs gives users access to the S Lounge, a virtual metaverse where you can sit down with the boss of the Syndicate, “Iceberg,” for an interactive meeting about your NFT and potentially unlock a signature piece.
- Pink Slip – January 16: Niftify will drop Pink Slip, a series of NFT collections of celebrities’ own personal cars where the NFTs were scanned by the celebrities themselves. Owners of these NFTs will be able to race their NFT car for points and ‘pink slips,’ meaning if they race their car against someone else and win, they also win their opponent’s car. The first batch will feature UFC Hall of Famer Tito Ortiz with his Rolls-Royce Phantom.
Currently in beta launch, Niftify is a user-friendly platform allowing people to mint, buy, sell and swap NFTs. Unlike other platforms, creators are incentivized to mint and sell NFTs to benefit from the functionality of smart contracts, and Niftify offers them the opportunity to earn royalties of all future sales of their minted NFTs by using the Ethereum royalty protocol. NFTs on Niftify are also used as proof of ownership and history tracking for even physical items, as well as proof of authenticity for valuable digital and physical assets.
All NFT drops happen at 4:00 p.m. UTC on the release date. Niftify NFT drops are open globally, with the exception of residents of the U.S., Canada, China, Iran, Libya, North Korea, Syria, Cuba, Afghanistan, and Crimea (as a part of Ukraine). Starting January 4, 2022, all NFT drops will also be open to residents of the U.S. and Canada.
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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.
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