Blockchain
CRIPCO debuts with IP3 token listing on FTX as it launches IP-based Blockchain and NFT Business
Global blockchain and NFT company CRIPCO has announced that it will list its native IP3 token on leading global cryptocurrency exchange FTX, as part of an Initial Exchange Offering (IEO) starting on July 8, 2022.
The FTX listing will enable CRIPCO to establish a blockchain and NFT business based on intellectual property (IP) by using its own NFT marketplace and platform, to maximize NFT usage while building its own ecosystem. This will provide a gateway for entertainment or IP companies as well as individuals to start their own IP-based digital content businesses, including those related to NFTs.
In this approach, CRIPCO is presenting its ‘IP 3.0 Hub’ initiative, a brand-new structure tailored to the Web 3.0 era, where everyone becomes a consumer and provider of IP that organically creates, utilizes, and monetizes their creations with the community. It invites global players to engage in NFT and metaverse spaces, while propelling CRIPCO to the forefront of the blockchain-NFT space.
CRIPCO’s vision to build an ecosystem where anyone can easily create, consume, and monetize using various IPs and NFTs has led to investments from leading global blockchain venture capitals such as FTX Ventures and SOLANA Ventures. Major corporations from various fields, renowned artists, and other influential members across industries are also participating in the Decentralized Autonomous Organization (DAO), recognizing CRIPCO’s growth potential. Participants include IPX (formerly LINE FRIENDS), street fashion legend Hiroshi Fujiwara, Marciano MMG, NAVER Z (ZEPETO), Edison Chen, KB (Kyubum Lee), and James Fauntleroy.
With a DAO governance model transparently selecting diverse and attractive IPs, a marketplace for realizing and growing NFT businesses, and its own native IP3 currency for purchasing goods and NFTs, CRIPCO is determined to successfully establish itself in the market, and the FTX listing is expected to be the first step towards achieving this vision.
“By listing our IP3 token on the globally recognized FTX exchange, we are expanding the CRIPCO ecosystem for everyone to participate in,” said Kimberly Hyunkew Lee, CEO of CRIPCO. “This will enable the opportunity to collaborate with many global IPs and brands and will create a new IP-based NFT business model.”
“Our decision to partner with CRIPCO is based on our belief that it will be a strategic player in the global NFT market, with its unique IPs and popular user adoptions. CRIPCO is set to lead the way in the long run with its creative and high-quality NFT launches,” said a partner at FTX Ventures.
A representative at SOLANA Ventures said, “As part of our strategic partnership with CRIPCO, we are planning and working together on a variety of projects. In the blockchain and NFT markets, we should expect dynamic changes and creative innovations that will lead to collaboration and synergy between our two companies.
“With the FTX listing, CRIPCO’s ‘IP 3.0 Hub’ vision is expected to drive innovations in the ecosystem of digital content creation in a decentralized manner, empowering individuals to participate in content and product creation from scratch.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
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Blockchain
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