Blockchain
NFT Copyright Protocol BKopy Partners with Novelist Neal Stephenson for Sotheby’s Metaverse Sale
BKopy.io, the new, NFT-focused smart contract service, announced today its first commercial use in the Sotheby’s Metaverse sale of “Infocalypse” on Feb. 27, an NFT project marking the 30th anniversary of the publication of “Snow Crash,” made in collaboration between “metaverse” coiner and #1 New York Times bestselling sci-fi novelist Neal Stephenson, artist Tony Sheeder and software developer Sterling Crispin.
BKopy is an ownership protocol that guarantees an NFT owner’s legal rights to use and display copyrighted work by embedding legally-binding, on-chain digital signatures into an NFT transaction. This innovation bridges the gap between blockchain, intellectual property, and contract law.
“It’s an honor to be reestablishing trust in NFTs as a token of fine art ownership, beginning with futurist Neal Stephenson,” said Josh Kramer, founder and CEO, BKopy. “With BKopy, creators, collectors, and marketplaces can now be assured that their NFTs are protected by legally-binding, on-chain contracts.”
“The NFT boom has tantalized artists and buyers alike. But there’s room for improvement as the current system leaves artists vulnerable to exploitation by players who ignore the terms of ‘contracts,’” said Neal Stephenson. “BKopy provides artists and collectors with the same protections they take for granted in the world of physical art, and I’m excited to be an early adopter.”
Through the web and BKopy’s APIs, developers and creators can incorporate legal agreements into their own NFT smart contracts, benefitting all involved parties by:
- Enabling creators to publish NFT smart contracts with defined usage rights and legally-binding royalty obligations, regardless of where the NFTs are subsequently sold;
- Providing collectors with legal guarantees regarding the critical aspects contributing to the value of collected artwork: provenance, rarity, and authenticity, in addition to continued access to the underlying artwork and right of display;
- Providing marketplaces with an improved “token of ownership,” leading to increased customer trust and decreased reputational risks.
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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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