Blockchain
XMANNA partners with Backstage to bring NFT-ticketing capabilities to its Metaverse
XMANNA, the blockchain-based software company creating a live event Metaverse platform for sports and entertainment, partners with NFT-ticketing marketplace Backstage. Through the partnership, XMANNA integrates Backstage’s virtual ticketing technology in its venue network, merging real-world live events within an engagement-based Metaverse ecosystem.
As the live entertainment industry recovers from the pandemic, there is an opportunity to transform how fans engage with their favorite sports teams and artists both physically and virtually. As artists and sports franchises increasingly rely on touring income and sponsorships, emphasizing continuous interaction from spectators is necessary to foster meaningful fan communities.
XMANNA offers distinct solutions to reignite fan engagement with unique Polygon-based gamified engagement technologies. Through dedicated loyalty applications, the platform encourages users to interact with their favorite teams using gaming and NFT tickets for customized Metaverse stadiums. Limited-edition NFT tickets allow fans to access exclusive events and activations for both Metaverse and physical stadiums, including perks like VIP benefits, merchandise, promotions, and an enhanced event experience.
Backstage is decentralizing and disrupting the event ticketing market, utilizing its own ticketing platform, marketplace and cryptocurrency, $BKS, to address obstacles facing the live events industry. The Backstage BKS Marketplace offers NFT-ticketing solutions designed to drive fan engagement with globally renowned venues and artists, in addition to fundraising for events and seamless transactions using their Crypto POS systems.
In February alone, the company continued its impressive trajectory after securing partnerships with key players in the industry including Ahau Collection, Blue Marlin, GotBit, Zingara, and Entertix. The collaboration for XMANNA and Backstage allows for further enriching physical events with a Metaverse experience that can stretch beyond a singular show or game.
“The surface has yet to be scratched with blockchain and Metaverse technology. There has never been such an opportunity for businesses to be at the forefront of such a digital transformation that covers gaming, loyalty, sports, and entertainment in a single solution,” says Steve Stein, CEO of XMANNA. “The XMANNA and Backstage partnership bring this forward by utilizing these new technologies to create rewarding and engaging experiences for users.”
“The crypto revolution in the entertainment, sports, and gaming industries has begun. Bringing NFT ticketing, crypto wallets, and metaverse technology into the space, Backstage and XMANNA are enabling new ways for venues, artists, and brands to engage with fans,” says Mauricio Silvestris, Co-Founder of Backstage. “We’re making the live entertainment and sports industries more accessible for fans while opening up a new set of experiences and possibilities.”
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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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