Blockchain
Announcing the launch of “ON-KO-CHI-SHIN,” an NFT project in which the “Living National Treasures” worldly showcase the captivating legacy of the Japanese kogei in hopes to preserve the traditional cultures.
CyberZ Inc. (Head office: Shibuya, Tokyo; CEO: Takahiro Yamauchi) and OEN Inc. (Head office: Shibuya, Tokyo; CEO: Takunori Fujii) are pleased to announce the launch of “ON-KO-CHI-SHIN” the second installment of “JINP (Japan Inspired NFT Portal),” a project launched to promote “Japanese culture” around the world, featuring traditional kogei artworks by three artists including two Living National Treasures.
“JINP” is a project that uses the notion of “four character compounds” in each work to convey diverse Japanese cultures such as kanji, washoku, nihonga, and kimono to the world.
In the initial series of this project, 10 illustrators released NFT works “Juu-Nin-To-Iro,” reflecting the “washoku” or the traditional Japanese colors, which were auctioned off for a total of more than 16 ETH (approximately 3,000,000 JPY).
The second series “ON-KO-CHI-SHIN” will feature Japanese kogei themed NFT artwork by world renowned photographer “RK.”
【2nd Series “ON-KO-CHI-SHIN”】
For generations, Japanese traditional kogei (arts and crafts) has continuously inherited the highest skills and expressions. “ON-KO-CHI-SHIN” project, a Japanese term defined as developing new ideas based on past studies, was launched in hopes to utilize the NFT technology to pass down the value of these fine crafts to future generations worldwide.
Digital arts based on the crafts (maki-e, some-ori, jiki) of three kogei artists, including “Living National Treasures” will be released.(*1) The artists’ share through this project will be used towards “preserving Japanese kogei craftsmanship” in the hope of fostering the next generation of artists, and ownership of an NFT demonstrates support for this movement.
Japanese Street Photographer “RK” will be the project’s Creative Director.
RK is best known for the portraits of celebrities such as Takashi Murakami and KAWS. The vibrancy of the city streets, architecture, and nature are captured uniquely depicted and have been featured in both Japanese and International media.
He holds the Japanese record for most NFT sales in the Foundation Marketplace. (As of January 2023)
Two types of NFT art will be on sale: a special “one of a kind” NFT which is a collaboration of photos taken by RK and Japanese kogei artwork, and a “3DNFT” created using 3DCG technology to best replicate the true beauty of actual artwork. 9 total varieties are available in each types of NFTs.
【RK’s Comment】
I am overjoyed to see the fusion of my photographs and Japanese kogei in 3D via the cutting edge NFT technology to be widely recognized. This photoshoot was unique as I attempted to bring out the best parts of both kogei crafts and my photos. You will not see something like this anywhere else, I truly hope you enjoy them.
【Kazumi Murose’s (Living National Treasure) Comment】
I feel as if we are entering an entirely new world by encapsulating the 1000-year history of kogei into the digital art of NFT. Skills are intangible yet proudly passed down for generations and are now being reborn into something no one has ever imagined. As we observe the resemblance between traditional kogei and contemporary NFT, we hope this will be a great opportunity for one to discover the kogei world of continuum innovation.
【Sales Overview】
Date: Scheduled to begin sales in March 2023
Official Website: https://on-ko-chi-shin.jinp.art/
【What is JINP (Japan Inspired NFT Portal)?】
The NFT transaction value has increased rapidly in 2021 with the sales of digital art approaching the value to actual art.
In light of this circumstance, “JINP (Japan Inspired NFT Portal)” was created as a brand in hopes to attract art enthusiasts around the world. The project concept is “Japanese traditional culture x contemporary culture,” where history and modern is remixed and being preserved into the future using the blockchain technology.
JINP will continue to develop NFT that resembles Japanese traditional culture x contemporary culture” with four character compounds.
- JINP Official Website
https://jinp.art - JINP Twitter
https://twitter.com/JINP_OFFICIAL - JINP Instagram
https://www.instagram.com/jinp_official/ - JINP Discord
① https://discord.gg/RbQZMmkFeh
(*1)
The Japanese Cultural Properties Protection Law defines “Intangible Cultural Properties” as performing arts, music, craft techniques, and other intangible cultural assets that possess high historical or artistic value to the country. An Individual who has achieved advanced mastery of them is nominated as Important Intangible Cultural Property holder, or commonly known as the “Living National Treasure.” There are only 116 of them in Japan.
SOURCE CyberZ Inc.
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
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