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.”
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.
Blockchain
Tech Trends Shaping Retail: From AI to Blockchain
Various technology trends are discussed that are shaping the retail industry, from artificial intelligence (AI) to blockchain. These trends are driving significant changes in how retailers operate and engage with customers, offering new opportunities for innovation and growth.
Artificial intelligence (AI) is highlighted as a key technology trend that is revolutionizing various aspects of the retail industry. AI-powered solutions enable retailers to analyze vast amounts of data, personalize customer experiences, optimize supply chain operations, and enhance decision-making processes. From chatbots and virtual assistants to predictive analytics and recommendation engines, AI is enabling retailers to deliver more personalized and efficient services to their customers.
Blockchain technology is another trend shaping the retail industry, offering benefits such as enhanced transparency, security, and traceability in supply chains and transactions. By leveraging blockchain, retailers can improve inventory management, streamline payments, prevent counterfeit products, and enhance trust and accountability throughout the supply chain. Additionally, blockchain enables retailers to create decentralized marketplaces and loyalty programs, providing new opportunities for customer engagement and loyalty.
Other technology trends discussed in the article include augmented reality (AR) and virtual reality (VR), which are transforming the way consumers shop and interact with products online and in-store. By enabling immersive shopping experiences, AR and VR technologies allow retailers to showcase products more effectively, reduce returns, and increase customer engagement and satisfaction.
Technology trends such as AI, blockchain, AR, and VR are reshaping the retail landscape, driving innovation, and enabling retailers to meet the evolving needs and expectations of consumers in an increasingly digital world. As retailers continue to embrace these technologies, they are poised to unlock new opportunities for growth and differentiation in the competitive retail market.
Source: 365retail.co.uk
The post Tech Trends Shaping Retail: From AI to Blockchain appeared first on HIPTHER Alerts.
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