Blockchain
Decentralized Global Platform for Film and TV NFTs to Launch Tokens On Gate.io and other Centralised Exchanges on March 24th
Ritestream, the decentralized global platform for Film and TV NFTs, is set to launch its RITE coin on March 24, 2022, through an ICO with Gate.io and other centralised exchanges. Shortly after, the token will list on PancakeSwap to offer extra utilities to holders and decentralized exchange users.
Ritestream is a media ecosystem in Web3 created for film and TV content producers founded by Riaz Mehta, a serial entrepreneur in the technology and media industry. The ritestream Launchpad empowers creators to bring Film/TV projects to life through an engaged community. It allows anyone to invest in their favourite projects via NFTs which generate revenues for decades and can increase in value over time. Blockchain Founders Fund, along with other VCs like Metavest Ventures, SOSV and many others fully support the vision of ritestream.
“By fractionalising ownership of film and TV content via NFTs, we are empowering both the creators and the community” says Riaz.
He adds, “Leading streaming platforms and studios will no longer be the only players when it comes to funding a project, and independent investors will be able to get involved. Each piece of content is unique and therefore a non-fungible token (“NFT”) in its own right.”
Ritestream currently maintains a Content Marketplace with over 100,000 hours of content and more than 5,000 B2B customers. Along with the Launchpad, they will soon launch an NFT marketplace where consumers can purchase NFT passes, giving them guaranteed allocation of future NFT drops from celebrities, actors and film producers.
Aly Madhavji, the Managing Founder of the Blockchain Founders Fund, also shared his insights about how bullish the team is for ritestream. He said, “We’ve always been bullish on projects with sustainable long-term utility. We see Ritestream as a gateway for filmmakers and producers to have more control over their work. As a decentralized platform, ritestream will give more freedom to these creators.”
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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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