Blockchain
Artmarket.com, already positioned on NFTs with Artprice, reacts to an interview on BFM Crypto with Bruno Le Maire and notably his desire to make France “the hub of the crypto-asset ecosystem”
On 17 October 2022, Bruno Le Maire – Minister of Economy, Finance and Industrial and Digital Sovereignty – was interviewed by BFM Crypto on the topic of crypto-assets.
Artmarket.com carefully notes the declaration by the top of the State of the economic potential of the crypto-asset ecosystem, and above all of wanting to make France “the European hub of the crypto-asset ecosystem”. Bruno Le Maire declares: “And we want France to be the European hub of the crypto-asset ecosystem.”
He also said: “Today, France has some of the most innovative DASPs in the world and can draw on an exceptional concentration of crypto skills, whether scientific, IT, financial, legal or commercial.”
Artmarket.com is fully prepared to contribute to making France a Leader in crypto-assets in Europe and also in the world, in the specific field of Art NFTs, adopted by all historical players in the Art Market.
As World Leader in Art Market Information and a pioneer on the Internet since 1987 with Group Serveur, Artprice by Artmarket (twice designated an “innovative company” by BPI France) has all the advantages, technological know-how, and expertise to give France a place as an international leader in the field of crypto art.
Artmarket.com already has a permanent information feed on daily NFT news in 119 countries, as the world’s leading press agency dedicated to the Art Market, NFTs, and Metaverse:
Artprice by Artmarket.com confirms that during the first half of 2022, the Art NFT phenomenon (Jeton Non Fongible in French) became a durable segment of the art market on all continents with acceleration in sales and volumes in the second half of 2022. This acceleration has been triggered primarily by a) the purge of cryptocurrencies and b) the introduction of much more favorable legislation in the USA. Meanwhile, Europe has introduced a regulatory framework that supervises and controls the cryptocurrency environment, thereby giving greater confidence to consumers, investors, and operators.
This regulation is the subject of studies, colloquia, and proposals to major French and European government bodies by the Art & Law Institute, where Artprice by Artmarket has been heavily involved as a long-standing member since 1997.
thierry Ehrmann, founder of Artprice and CEO of Artmarket.com remarks: “in our various annual art market reports and our communications with investors, we have always included NFTs in our studies. And we have always said that one cannot understand this market with exponential growth without understanding the vital importance of Blockchains, cryptocurrencies, and their cultural origin within the Cypherpunk milieu (period of PGP-type data encryption in the early 1990s).”
Indeed, OpenSea USA, the leading NFT platform, itself declares that 80% of the primary issues of Art NFTs are likely to impact the intellectual property rights of third parties. Faced with this observation, Opensea has announced that it is considering solutions to counter this scourge and protect sellers and buyers. There is only one viable solution to this problem: the certification of the primary Art-NFT market by Artprice through its blockchain and its smart contracts.
It is precisely in the primary issue of Art NFTs that Artprice by Artmarket.com is the only one on the world market, taking into account all the underlying parameters and data, to be able to truly meet the certification of primary issues of Art NFTs.
This ability to certify primary issues of Art NFTs is based on the fact that Artprice by Artmarket.com is the World Leader in Art Market Information and author for 25 years of its authoritative databases. These in turn contain the largest documentary collection in the world of notes, manuscripts, and catalogs of auction sales since 1700, guaranteeing in return the authenticity and the historical proof of its databases.
Artprice by Artmarket.com aims to be the most successful and highly competitive Art NFTs platform through its Metaverse, which is the ultimate and inevitable outcome of the NFT revolution.
This Metaverse is the assurance of exponential and continuous growth of the Art Market by NFTs. It will be accompanied by its Blockchain and its smart contracts to allow fair remuneration for artists, with copyright societies such as ADAGP, of which Artprice has long been one of the main contributors, under the legal provisions of reproduction, for the support of artists.
The Minister of the Economy adds “In the immediate future, I am delighted with the transition from Ethereum to proof of stake, which consumes much less energy. ”
This is in line with Artprice by Artmarket.com’s Blockchain, which will mainly use Ethereum for its smart contracts, as announced in its recent press release, following the transition from “Proof of Work” (PoW) to “Proof of Stake” of Ethereum 2.0 on September 15, 2022:
Indeed, Artmarket.com has been following very closely for the last 3 years the transition to “The Merge” for the decarbonized Blockchain Ethereum 2.0, in the context of the global energy crisis, which is only just beginning. According to its Founder Vitalik Buterin, thanks to “The Merge”, after 7 years of development and successful beta tests), the electricity consumption of the Blockchain ETH collapses by more than 99.95%, going from “Proof of Work” (PoW) to the “Proof of Stake” (PoS).
The fact that Artprice anticipated three years earlier the Blockchain Ethereum and its smart contract as the reference in the Art Market for NFTs, is further reinforced by the official dispatch from Christie’s on September 27, 2022, with the launch announced of Christie’s 3.0 which is based on the Blockchain Ethereum.
According to an Artprice study:
“All Market Makers in the Art Market and in particular the majority of Auction Houses worldwide now have an NFT department for cataloged and online sales throughout the year. Similarly, all the major structures in the museum industry and art galleries are starting to publish their own NFTs.
Digital Art created in the 1980s is finally making its real revolution by impacting nearly half a billion Art NFT enthusiasts, at purchasing costs that are now very accessible.
There are already more than 54,000 artists identified by Artprice who directly produce their NFTs for their buying public and this is only the very beginning of this paradigm shift.
It is a major event that definitively modifies the structure of the Art Market and its actors, as known since 1950 according to sociologists, art historians, and analysts. This is also confirmed by the various departments of Artprice, particularly concerning the figures.”
Artmarket.com will contribute to giving France and Europe a chance to counterbalance the Anglo-Saxon hegemony in the field of crypto-assets. It will expose to the Minister of Economy, Finance, and Industrial and Digital sovereignty, the unique capabilities of Artprice by Artmarket.com, the World leader in Art Market information for 25 years, in certification of primary issuance in the field of Art NFTs and crypto Art more generally.
Copyright 1987-2022 thierry Ehrmann www.artprice.com – www.artmarket.com
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Blockchain
OKX Proof of Reserves Ranked Highest Quality Among Major Exchanges as 11th Consecutive Monthly Reserves Report is Published
OKX, a leading global Web3 technology company and crypto exchange, has published its industry-best 11th consecutive monthly Proof of Reserves (PoR), showing balances of USD$11.2 billion in primary assets, as its PoR was given the highest quality rating among major exchanges.
OKX’s latest PoR comes days after Castle Island Ventures partner and blockchain and Proof of Reserves expert Nic Carter ranked OKX highest of all major centralized exchanges on its quality of Proof of Reserves. In his ranking, he cited OKX’s credibility, knowledge of leadership, demonstrated commitment to transparency and overall PoR quality as reasons for his positive assessment.
OKX’s PoR covers 22 commonly used digital assets and shows that OKX has maintained a reserve ratio exceeding 100% for 11 consecutive months across all those assets. In addition to BTC, ETH and USDT, the assets included are: USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX and UNI.
OKX’s current reserve ratios are as follows:
- BTC: 102%
- ETH: 103%
- USDT: 102%
OKX Global Chief Commercial Officer Lennix Lai said: “With our 11th consecutive Proof of Reserves report, we are reaffirming our unwavering commitment to greater transparency and trust within the crypto industry. At OKX, we believe that integrity is the cornerstone of our success, and our PoR stands as a testament to our dedication to safeguarding user assets. As we approach a full calendar year of consecutive PoR releases, we have never been more committed to continuing to raise the bar for transparency in our sector.”
In August, OKX conducted two Twitter surveys to measure the sentiment of the online community with regards to the importance of PoR and transparency. Poll results showed that 84% of respondents say monthly PoR reports are either ‘somewhat important’ or ‘very important‘ and 88% state that transparency is either ‘somewhat important’ or ‘very important’ when choosing which crypto platform to trust.
OKX has seen hundreds of thousands of users engage with its PoR, visit its PoR page and view their self-audits since first launching its PoR page in late 2022. The open-source verification tool allows users to independently verify OKX’s solvency and confirm their assets are backed by OKX reserves while maintaining their privacy.
OKX has published over 210,000 addresses for its PoR program, and will continue to allow the public to view its asset flows.
Users can view the latest PoR report, reserve ratios, and verify OKX’s solvency here.
ACX (AirCarbon Exchange), operating its proprietary regulated environmental asset trading platform, is the technology provider for Indonesia’s carbon exchange hosted and operated by the Indonesia Stock Exchange (IDX) after a competitive Request for Proposal process.
Launched on 26th September 2023, with its first carbon trades, Indonesia’s official carbon exchange, IDXCarbon, will play a vital role in reducing Indonesia’s carbon emissions and driving Indonesia’s transition to reach net zero emissions by 2060.
“With ACX support, IDXCarbon has reached a key milestone towards achieving net zero emission in 2060 or sooner. We anticipate a thriving and enduring collaboration with ACX that will continue to drive innovation and success, as the Indonesian carbon market develops.” said Iman Rachman, President Director of IDX.
IDXCarbon has been customised by ACX to meet the country’s unique requirements, as well as aligned with Indonesian institutions, including the National Registry System for Climate Change Control (SRN-PPI). This will ensure the exchange is compliant with Indonesia’s standards and procedures, as well as the requirements recently established by the OJK, the country’s financial services authority. ACX provides a complete end-to-end solution that utilises blockchain technology to ensure the transparency and auditability of all trades transacted on the exchange. With that, the exchange will play a central role and promote transparency, accountability, and efficiency in the Indonesian carbon market.
“We are honoured to be the technology provider for Indonesia’s carbon exchange and to contribute towards the country’s vision of a fair and inclusive carbon ecosystem,” said Thomas McMahon, co-CEO and co-Founder of ACX. “Our end-to-end solution will enable the exchange to provide comprehensive services. This will make it easier for companies to access and participate in the carbon market, ultimately driving down Indonesia’s carbon emissions and contributing to global sustainability efforts.”
Hum Wei Mei, Head of APAC and Global Head of Environmental Products, said: “Indonesia has a critical role to play in international climate action while IDXCarbon is at the heart of ensuring that Indonesia’s carbon market progresses as envisioned. As the technology provider to IDXCarbon, ACX is committed to working closely with IDX to implement a highly customised, iconic and state-of-the-art carbon exchange which will act as critical supporting infrastructure for Indonesia’s long-term plans & interests in emissions trading, carbon markets & climate action.”
With a global footprint covering Asia, the Middle East, Europe, North and South America, ACX has demonstrated itself to be a leading technology provider with a proven track record of designing and implementing carbon trading system worldwide, leveraging the company’s expertise and experience to ensure a robust and reliable platform for trading environmental assets.
Blockchain
Nex News Network Launches World’s First Blockchain-Integrated Web3 and Metaverse News Platform
Nex News Network, the pioneering media organization, is proud to announce the launch of its groundbreaking platform, revolutionizing the way news and media are consumed. This year marks a momentous milestone as Nex News Network becomes the world’s first-ever blockchain integrated, Web3, and Metaverse news and media platform. With a fusion of cutting-edge technology and visionary media strategies, Nex News Network is set to redefine the media landscape.
A New Era in Media Industry: Nex News Network’s Unique Offering
Nex News Network has embarked on an extraordinary journey to bring the future of media to the present. As a trailblazer in the industry, the platform integrates blockchain technology, Web3, and Metaverse, delivering an unparalleled experience to users. This year, Nex News Network establishes itself as the vanguard in news and media, providing a platform that seamlessly connects diverse sources of information, making them accessible from anywhere, on any device.
Innovative Media Revolution
Nex News Network introduces a unique animation concept that transforms the traditional news and media industry. With this innovation, the animation seamlessly integrates with media and news content, sparking a revolutionary shift in how information is consumed. This innovation not only redefines the media industry but also catalyzes a new era of interaction, engagement, and understanding.
Empowering Users and Advertisers
Nex News Network brings a new dimension to user experience by creating an integrated platform that caters to a diverse range of interests and categories. Users can explore validated blockchain content, industry news, directories, event information, technology updates, and more. For advertisers, Nex News Network offers direct access to their target audience, bypassing intermediaries and providing real-time performance data for smarter decision-making.
With its focus on blockchain integration, Web3, and Metaverse, Nex News Network embraces the future of digital content. The Metaverse, an advanced digital realm, complements the platform, creating immersive experiences through augmented reality (AR), virtual reality (VR), and artificial intelligence (AI). Nex News Network pioneers the way for this interconnected digital world, offering users a new dimension of engagement and exploration.
A Call to the Future
Nex News Network is poised to reshape the media industry by introducing blockchain integration, Web3, and Metaverse technology. Through its visionary leadership, dedication to user experience, and commitment to innovation, Nex News Network is laying the foundation for a new era in news and media consumption. As the world’s first blockchain-integrated Web3, and Metaverse news platform, Nex News Network stands ready to redefine the media landscape.
Setting the Stage with NexNews Network – A New Era in Media Consumption and Engagement
NexNews Network pioneers a transformative approach to media consumption, driven by innovation and led by a dedicated team. With a focus on user experience, NexNews Network creates a dynamic space where users can seamlessly access news and media sources from various categories, transcending traditional boundaries.
Visionary Leadership – Founder Aakash Jugraj and the Power of Innovation
Under the visionary leadership of Aakash Jugraj, NexNews Network has positioned itself as a trailblazer in the industry. Backed by the reputable Shivaksh Media Group of Companies, the platform represents a fusion of expertise and innovation that sets a new benchmark for media excellence.
Founder Aakash Jugraj – A Driving Force for Media Innovation
At the helm of NexNews Network is Founder Aakash Jugraj, a visionary entrepreneur with a deep-rooted commitment to revolutionizing the media landscape. His forward-thinking approach has driven the platform’s mission to redefine publication creation, distribution, and consumption using Web3, Blockchain & Metaverse technologies.of Companies.
Aakash Jugraj, the driving force behind NexNews Network, envisions a media ecosystem that champions transparency, authenticity, and user-centric experiences. His vision aligns seamlessly with the ethos of Shivaksh Media Group of Companies, creating a formidable alliance for media innovation.
Continuous Industry Evolution: NexNews Network’s Transformative Role
NexNews Network signifies a departure from traditional media models, offering a continuous industry experience that transcends conventional boundaries. The platform’s transformative capabilities make it a pioneering force in providing a new-age media ecosystem that empowers users with unparalleled access and engagement.
Technology at the Forefront: Nex News Network’s Secure and Transparent Platform
Technologically adept, NexNews Network harnesses the power of blockchain integration, Web3, and Metaverse to ensure the highest level of security, authenticity, and transparency. This technological synergy enables users to engage with news and media content with utmost confidence.
Personalized User Experience – NexNews Network’s Tailored Approach
Through NexNews Network, users will enjoy a distinctly personalized experience. The platform’s integration of blockchain technology ensures that users can consume news and media content that aligns precisely with their interests, fostering deeper engagement and resonance.
Empowering Advertisers: Nex News Network Effective Advertising Platform
Advertisers will benefit from NexNews Network’s innovative approach by accessing a tailored platform that enables direct engagement with their target audience. The blockchain integration ensures a transparent and effective advertising experience, enabling advertisers to refine their strategies based on real-time performance data.
Elections
NexNews Network is poised to play a pivotal role in the upcoming election season. With its unique blend of blockchain integration, Web3, and Metaverse, the platform will facilitate informed decision-making by providing accurate and transparent information to voters.
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