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
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
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