Blockchain
Music Industry Executives and Rock Legends Come Together to Launch New Digital Marketplace MUSICART
Three music industry executives have come together to launch a ground-breaking platform, MusicArt, which uses cutting edge blockchain and NFT technology to revolutionise the way we appreciate music artwork, old and new.
“MusicArt is a unique new NFT platform focused solely on celebrating music-based art and imagery, making it the perfect environment for musicians to trade their visual art without fear of it being lost in a sea of NFTs in unrelated genres on other platforms.” – Peter Ruppert, CEO MusicArt
By running on the BSV blockchain, MusicArt is primed as the industry frontrunner in terms of royalty payment systems and environmentally friendly operating systems. Using 10,000 times less energy than Ethereum, and beating out leading banking and financial systems, BSV enables MusicArt to work ‘On-Chain’ meaning that all NFTs and corresponding metadata are minted as STAS tokens stored directly on the blockchain, and also the artwork itself is stored on the blockchain. This non-custodial service puts power back in the hands of users allowing them to trade directly from their wallets without the need for intermediaries. Built by Vaionex, MusicArt is the first NFT marketplace using TAAL’s STAS token technology, directly preventing loss of access to user’s art in the event that third-party hosts go down.
By operating on-chain, MusicArt is also able to pay out royalties instantly to creators and artists. Where other marketplaces manage royalties manually resulting in infrequent and random pay-outs, MusicArt users can be reassured by a reliable and secure payment system. Creators on the platform will earn income from initial sales of their NFTs, as well as instantaneous royalties (10-20%) on any resale on the service.
MusicArt is committed to opening up the world of digital trading to newcomers. By accepting a variety of cryptocurrencies and taking care of Gas fees for the user, the platform makes NFT dealing more accessible than ever.
Forward facing, MusicArt also employs BSV for its scalability. Managing up to 100,000 transactions per second, BSV far beats out the 30 per second on Ethereum and competing blockchains.
“In the rapidly developing world of NFT technology, MusicArt is looking forward not only in terms of the platform’s success but its effect on the environment. With MusicArt, creators can enjoy a reliable new revenue stream without the worry of consequence to the planet.” – Peter Ruppert, CEO MusicArt
The platform champions works from legacy and new artists alike. On launch, MusicArt boasts exclusive pieces from art rock icons. These include the works of contemporary music art pioneer Mike Dubois (The Grateful Dead, The Allman Brothers Band, Fleetwood Mac, The Rolling Stones), record sleeve legend Ioannis (Blue Oyster Cult, Deep Purple, Starship), and psychedelic photographer Karl Ferris (Eric Clapton, Cream, Jimi Hendrix).
The initiative is championed by Peter Ruppert, former Head of Music at MTV and independent consultant to major Music & Media companies; Jeff Golembo, who has held managerial positions at Sony and Universal and was formerly MD at MCA Records; Hugh Goldsmith, former RCA MD and Innocent Records Founder; plus Dirk Brockhausen PhD, Physicist, Developer, and Blockchain expert. MusicArt is launched in co-operation with ground-breaking innovative independent artist portals Jamma Music & Aurovine.
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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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