Blockchain and Monetization of Content 357

The Promise of Ethereum

Ethereum, the leading blockchain platform, and catalyst for a growing number of decentralized applications and blockchain-based platforms has proven over the past 12 months that it is far from a fad. This immutable, unhackable, distributed database of digital assets is everything the Internet always wanted to be: a fair and public way to store and transfer information. This is a platform for truth and it’s a platform for trust.

In the music industry, the protection of rights and distribution of earnings within the music industry is a key consideration. Removing the ability for piracy and allowing listeners to download music stored on the blockchain, paying for the music with cryptocurrency would be one of the paradigm shifts. It would also mean that the right people get paid.

This challenge of monetizing content is also prevalent in the broadcast content industry. Ethereum Blockchain with smart contracts makes for a perfect solution.

Pain Points for Content Creators

The industry has not changed in over 80 years. Today, it continues to be a largely offline and extensive process, involving multiple dis-jointed parties – the creators, the owners, the distributors, the increasing array of formats (eg. mobile, free-to-air TV, cable, OTT, cinemas, etc) and then there is a global consumer base with differing interests and language preferences.

The whole ecosystem today is highly fragmented and content creators are challenged to optimally monetize their content. Compounding the monetization challenge is the fact that content creators also face extremely high costs of distribution. Because the value chain is a cumbersome process for content to reach end viewers; typically 30% to 40% of the value of the content is being lost to cost of distribution via third-party commissions and fees. Hosting a conference booth and meeting events with champagne in the South of France at the Cannes Film Festival is no cheap affair.

To give some context on the potential value of a piece of content, let’s take well-known franchises like “Game of Thrones” or the “F1 Series”.   These projects can be sold in 193+ countries via free-to-air, cable, satellite and streaming mobile platforms, that is, it can potentially be sold 600 different ways once you factor language and territorial configurations.

An “A” list project can potentially earn millions of dollars via such a syndication, however, a lesser known title is lucky to be sold in 10 countries and monetized in 10 ways. Hence the potential to optimize the value of this content is at least 50 times more for the content creator if they can easily monetize their content across the various permutations.

The chief pain points of content sellers are:

  • Rights are tied up for the long-term (average 2-5 years) in distributor exclusivity contracts
  • Distributor fees are significant; averaging 35% of the value of the content
  • Rights are typically sold in bulk with other content which limits differentiation for content creators
  • The multiplicity of currencies and the vagaries of the fluctuating exchange rates
  • Content ages very fast and becomes less attractive to distributors to market

Such problems, which appear daunting are actually very easy to address, provided you have a global platform and a globally trusted ledger. Enter Ethereum Blockchain.   

Pain Points for Content Buyers

Content buyers purchase rights to play the content on their own networks and channels, such as Netflix and cable TV channels like Sony. The buyers also face a host of problems:

  • The content discovery process is fragmented and manual
  • Delayed verifiability of the rights
  • Limited by distributor’s rights options
  • Bundled rights instead of customized selection

As we can see, these problems can also be solved by implementing a global platform and a globally trusted ledger. Thus, Blockchain is not an add-on, but a natural solution to the problems faced by the content rights industry.

Existing Solutions

There are companies operating traditional marketplaces for trading content rights today; like RightsTrade (2011), TRX (2015) and AllRites (2015). With the advent of the blockchain, we are starting to observe the emergence of companies like Hubii Network, LiveTree, and AllRites exploring the use of blockchain to democratize content.

In the case of AllRites, the company was established by media professionals with decades of experience in the industry. Being intimate with the distribution challenges, they are proponents of blockchain and are moving their existing marketplace onto the Ethereum Blockchain.

But they are not stopping there, the AllRites vision is to create an integrated B2B and B2C ecosystem to holistically support the overall industry. Built on Blockchain technology, the AllRites ecosystem will drive trade efficiencies between content producers and buyers globally, facilitate funding of creative ideas and offer direct streaming to end-customers. Two associated B2C platforms will complement their existing marketplace – RiteFund and RiteStream. For consumers, these platforms allow individuals to directly support and benefit from creative concepts that they believe in.

With RiteFund, the platform facilitates content creators to list their projects and allows prospective contributors to help get a project of their choice off the ground, like Kickstarter, but with infinitely more transparency in rights management and benefits sharing thanks to smart contracts.

RiteStream is for content owners with unsold rights to optimally monetize their content via direct streaming to a global viewership base. The smart contracts seamlessly manage viewers, rights availability and revenue sharing in the backend. For example, an OTT player, like iFlix, may purchase rights to showcase a piece of content in only 30 countries, with RiteStream that same piece of content can potentially be monetized in the remaining 163 countries by direct streaming, if viewers are interested in that content. View RiteStream like the “Spotify” of TV, Movies and Sports content.

For esoteric sports like, Extreme Sailing – they have ardent fans globally but such a sport is very niche and unlikely to garner support from mainstream broadcasters. With RiteFund, fans of Extreme Sailing can directly support creative talent who are also passionate about their sport and who are creating great content about it. These same creative talents can now monetize their content by streaming it directly to the Extreme Sailing fans globally via RiteStream.

Blockchain Technology Deployed

The team at AllRites believe that if the content itself can be reliably audited, the management of its rights becomes a much simpler exercise. Thanks to the Ethereum Blockchain, each ID can be a smart contract that manages the identity and purchase history of the rights belonging to one piece of content at an individual level. Thus, the rights can be sliced and diced in multiple ways and the buyers can buy only those rights which they need. The smart contract tied to each content piece records the transaction history of that content piece individually in a transparent and immutable manner.

While the content rights can be viewed by all prospective buyers, the sellers can be assured of optimal monetization due to the plethora of ways in which the rights have been divided into.

The ID tied to the content can be managed by creating a non-fungible token. It could be similar to the EIP721 protocol that was famously used by CryptoKitties. Thus, the sale and purchase of content rights can be recorded on individual non fungible tokens without affecting the entire ecosystem.

A global fungible token that adheres to the ERC20 standards can take care of the sale and purchase aspects of the deal. To ensure trust, AllRites will be storing the content as decentralized encrypted files which can be unlocked only by a private key.

On successful completion of a sale, the seller sends the private key to the buyer while the buyer transfers the payment tokens to the seller. As an added layer of security, the key and the tokens corresponding to the bid made on the content rights can be placed in an escrow. Once the sale is finalized, a smart contract takes over and governs the transfer of the private key and the tokens to the new owners in an automated manner.

Regarding the case of content creators with unsold content, the RiteStream platform caters to them. Here, the platform becomes the universal global distributor of the rights that went unsold and streams it directly to the viewers in exchange for tokens. In this case, content creators get a platform like YouTube, but with an infinitely better monetization potential.

It has also been seen that content creators, despite having amazing ideas, often struggle to get their plans off the ground due to lack of funding. Consumers are robbed of potential gems. In the music world, its analogues with the likes of Justin Bieber and Carly Rae Jepsen being discovered via YouTube.

With Ethereum, smart contracts can be implemented which facilitate the transfer of funds from fans and supporters directly to the content creators in an easy and trackable manner. Once the content is created, it is uploaded onto the AllRites Marketplace where content rights can be transacted. After subtracting for platform fees, all proceeds can be seamlessly transferred back to the fans/supporters corresponding to the ratio in which they were contributed.

Conclusion

Using blockchain and smart contracts makes the business of content rights deal making and distribution a lot less complicated and instantaneously verifiable. Blockchain takes care of the globally trusted ledger needs, the smart contracts take care of transactions by automating them.

This translates to tremendous efficiency gains for both content buyers and sellers. And, for owners of content, the age-old challenge of optimally monetizing their content is solved.

The added bonus is that in this new decentralized and immutable ecosystem driven by blockchain, consumers can finally have a direct say in what content they want to support and watch.

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Satoshiverse brings their epic comic characters to Quidd 3055

1 2022 08 02 в 11 26 44

Aug 1st, 2022, New York – Quidd is proud to announce the newest collection of Mintable NFTs with the epic NFT comic universe Satoshiverse. The Satoshiverse is a comic NFT collaboration between premiere metaverse studio Apollo Entertainment and legendary DC and Marvel comic artist and creator of the first NFT comic book, Jose Delbo. It tells the story of the half-man, half-machine hero, Satoshi The Creator, and his quest to save the world from the Defenders of Fiat and the many other foes attempting to strip the people of their freedom. Together, Apollo Entertainment and Delbo are creating a universe of blockchain themed superheroes that will change the way comic storytelling is told through gamification and Web 3 technology.

In a first appearance with Quidd, on August 5, 2022, the Satoshiverse will be launching a collection of interactive, 3D augmented reality-enabled digital figurines NFTs featuring the heroes of the Apemo Army – a team of half man, half animal superheroes lead by Captain Apemo, Delbo’s superhero creation based on his Bored Ape Yacht Club ape. Through Quidd’s Mintables technology, collectors can buy into the collection with fiat and then mint their items seamlessly on-chain, with no crypto required.

Ranking award holders from the Satoshiverse x Quidd collection will unlock access and discounts to Satoshiverse’s much anticipated Apemo Army avatar mint, dropping August 22, 2022. To earn these awards, collectors will compete to collect these 3D heroes across all color rarities which will be tracked on a leaderboard. The top 10 ranking collectors on the leaderboard will earn a Gold Captain Apemo digital figurine mintable NFT and free minting for the Apemo Army avatar collection. Spots 11-50 are awarded a Silver Captain Apemo digital figurine mintable NFT and a 50% discounted mint. And spots 51-200 will win a Color Captain Apemo digital figurine mintable NFT and a 20% discounted mint.

The Satoshiverse x Quidd collection drops on August 5th, 2022. The later avatar collection will give collectors exclusive early access to Apollo Entertainment’s much anticipated Satoshi’s Legions play and earn video game.

About Satoshiverse

The Satoshiverse is an epic comic NFT collaboration between premiere metaverse studio Apollo Entertainment and legendary DC and Marvel comic artist and creator of the first NFT comic book, Jose Delbo. It tells the story of the half man, half machine hero, Satoshi The Creator and his quest to save the world from the Defenders of Fiat and the many other foes who are attempting to strip the people of their freedom.

The Satoshiverse combines the work of some of the best 2D and 3D artists in the space to create a blockchain based superhero universe with the goal of changing the way comic art is consumed by creating engaging gamified storytelling experiences. After the successful release of its avatar collection “Satoshi’s Legions – The Legionnaires” in November of 2021, Apollo Entertainment and Delbo are at it again with the release of a new high fidelity animated 3D avatar collection called “the Apemo Army” which introduces to the Satoshiverse Delbo’s beloved character Captain Apemo and the part human part animal heroes that form his army. Set to be released on August 22, 2022, the collection will give collectors exclusive early access to Apollo Entertainment’s much anticipated Satoshi’s Legions play and earn video game, which the Apollo Entertainment team is developing in Unreal Engine 5 and is set to be released in Alpha in December 2022. To learn more about Apollo Entertainment’s new collection visit: https://www.satoshiverse.io/apemo-army

About Apollo Entertainment

Apollo Entertainment is a premier NFT and metaverse consulting, curation, and production firm. Through its consulting arm, Apollo Entertainment provides consulting, management, and promotional services to top artists and brands wishing to enter the NFT space or improve their NFT offerings. A veteran of the NFT industry, Apollo NFT has consulted on some of the most significant NFT releases to date. Through its production arm, Apollo Entertainment works with artists and brands to produce top-quality art NFTs taking advantage of the latest technologies. This allows Apollo Entertainment to be a true 360 NFT and metaverse solution for artists and brands alike.

About Quidd

Quidd, a subsidiary of Animoca Brands, is the original digital collectibles and NFT marketplace. Since 2016, Quidd has worked with the world’s most prominent brands, including Disney, HBO, Funko, and over 300 others, to bring fan-first collecting to digital and blockchain platforms. The Quidd marketplace is the most innovative, robust, and accessible platform for digital and NFT collecting experiences.

Website | Twitter (QUIDD Token) | Twitter (Quidd Platform) | Discord | Telegram | Medium

About Animoca Brands

Animoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, and gamification that is working to advance digital property rights and contribute to the establishment of the open metaverse. The company develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Grease Monkey Games, Eden Games, Darewise, Notre Game, and TinyTap. Animoca Brands has a growing portfolio of more than 340 investments, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others. For more information visit www.animocabrands.com or follow on Twitter or Facebook​.

Contacts:
Quidd: [email protected]
Apollo: [email protected]

Why Is Alchemy Pay (ACH) On The Rise? 2774

July has seen a jump in crypto prices, and none more so than the utility token of Alchemy Pay, ACH.

ACH saw a 43% increase in just 24 hours on July 20th, making it crypto’s biggest gainer. ACH has also broken into the TOP 10 most searched tokens on almost every crypto site over the past two weeks, including Coingecko and Coinmarketcap. The ACH token has seen so much interest that Binance is now supporting it for margin trading – unusual for a project of Alchemy Pay’s size.

Alchemy Pay is a Singapore-based payment provider addressing some of the industry’s biggest barriers to entry with its crypto on/off ramp payment plugins, as well as its crypto acceptance for merchants and businesses.

ACH Listed On Binance US, Crypto.com & KuCoin

Part of the reason for the impressive price action is the token’s recent listings on Binance US, Crypto.com (website and app), KuCoin, and Kraken. As well as its availability across the world’s largest exchanges, ACH can now be staked on Binance and KuCoin, meaning the token is able to bring generous yields to its long-term investors.

Alchemy Pay’s sizable online community has doubled in less than 12 months and now stands at around 200,000. The rapid growth demonstrates the momentum of the project, as do its partnerships with the many of crypto’s biggest layer-1 chains.

Alchemy Pay (ACH) Partnerships

Alchemy Pay has been partnering with the world largest payment providers, remittance firms, and blockchain projects (think Avalanche, Polygon, VeChain, Algorand, Binance) but the market downturn since November last year has been suppressing the price. After all their progress however, ACH is set to outperform the rest of the market on green days.

Alchemy Pay has also integrated with Binance Pay and Crypto.com Pay to become one of the payment partners facilitating the apps so that users can use their crypto funds for real-world payments, both in-store and online.

ACH Crypto Payment Solutions

There is also excitement surrounding the crypto ramp payment solutions that Alchemy Pay is now beginning to widely integrate into web3 and crypto platforms. Onboarding users via payments with their own local currency has been challenging for these platforms, particularly those in their more nascent stages. To bring newcomers to blockchain gaming, NFTs, metaverses, socialfi, and DeFi though, it is necessary to enable the purchase of crypto using fiat funds. Alchemy Pay’s ramps do just that, by providing a simple and direct way to buy crypto with debit and credit cards, local mobile wallets, and bank transfers.

The plugins also offer off-ramping facilities by remitting funds to any Mastercard and Visa card in the world, and to users’ bank accounts in 50+ local currencies.

ACH on Ethereum and Binance Smart Chain

ACH is available as an ERC20 token on Ethereum and, since January it has been available on Binance Smart Chain as a BEP20 token.

CES 2022: CoolBitX Unveils New CoolWallet Pro NFT features for Pioneering DeFi Hardware Wallet at TTA Pavilion 3129

Crypto security pioneer CoolbitX has announced that it is debuting at CES 2022 the new in-app integrated non-fungible tokens (NFT) functions for its flagship CoolWallet Pro, the leading DeFi-focused mobile cold wallet with a credit card form factor at CES 2022.

The CoolWallet upgrade includes integrated support for the world’s leading NFT marketplaces OpenSea and Rarible and a daring metaverse-focused innovation lab comes in response to the growing evolution of digital assets in 2021, and positions it well for the expected boom in new NFT applications to be used across DeFi, GameFi, Web 3.0 and metaverse protocols in 2022.

CoolWallet Pro Answers Rising Demand for Opensea and Rarible NFTs

Launched in 2016, CoolbitX’s flagship product, CoolWallet allows users to not only safely store an ever-growing portfolio of elite digital assets, but to also interact with an integrated in-app marketplace that provides access to the world’s best decentralized finance protocols and exchanges, and the unique services they provide, such as DeFi staking, borrowing and lending.

NFTs have enjoyed incredible mainstream adoption and pop culture success in 2021, with projects like Bored Ape Yacht Club (BAYC), NBA TopShots, and CryptoPunks generating millions in revenue and aligning with some of the world’s biggest brands such as Nike, Visa and Adidas. There is no question anymore that NFTs serve as a bridge between real-world and digital asset ownership. Practical enterprise applications and use-cases available across a variety of exciting new industries such as metaverse, Play-to-Earn (P2E) and Play-to-Learn (P2L) gaming are widely expected for 2022.

As such, CoolWallet Pro is now offering mobile in-app integrated NFT functions, which features support for leading NFT marketplaces such as OpenSea and Rarible. It not only benefits original CoolWallet users but also serves as an accessible portal to bring new audiences from outside the crypto space to participate in the industry.

“We have been committed to our mission of fostering the mass adoption of crypto assets since 2014, when we began work on the world’s first Bitcoin mobile hardware wallet. NFT support on the CoolWallet will help to seamlessly blend our users’ physical and virtual worlds, empowering them to manage and protect both their crypto assets and digital collectibles with confidence. At the same time, it opens the doors to limitless partnership opportunities with NFT creators and we look forward to many more exciting projects to come,” says Michael Ou, CEO and Founder of CoolBitX.

CoolWallet Pro supports more currencies

CoolWallet Pro users can earn passive income on their DeFi (decentralized finance) assets such as Polkadot (DOT), Cosmos (ATOM), and Tron (TRX), with support for Cardano (ADA), Polygon (MATIC), Solana (SOL), and other leading currencies in the pipeline.

This comes in addition to its existing native support of BTC, ETH, LTC, XRP, BCH, ZEN, BNB, DOT, ATOM, TRX, USDT, USDC, and ERC20, BEP20, and TRC20 tokens.

CoolBitX to make NFTs securely accessible to all

In the meantime, CoolBitX is exploring possibilities to attract audiences outside the crypto space through the newly launched “CoolBitX Innovation Lab”. It introduced its first ‘metaverse-like’ project, NAO NFT, which brings together the virtual and physical worlds through an exclusive collaboration with Jinguji Nao, a Japanese adult film actress.

The NAO NFT project includes four special auction items and limited blind box offerings that will be sold through the CoolBitX Innovation Lab project site. Each NAO NFT pack comes with a threefold surprise — an exclusive NFT; a dedicated Nao version CoolWallet Pro hardware wallet, and a possible mystery prize from Nao herself.

For many creators looking to enter the crypto industry, entry barriers are high and also require potential collectors to understand the value of this new form of content creation.

However, CoolWallet’s unique design provides a tangible aspect to the collector, which may be more familiar and hence more viable for mass-market adoption, whilst at the same time safe keeping the consumer’s digital assets and NFT collection.

About CoolBitX Ltd. (CBX)

Founded in 2014 by Michael Ou and backed by SBI Holdings, CoolBitX is a global blockchain security company building the next-generation infrastructure necessary to maximize digital asset adoption.

CoolBitX provides solutions for a rapidly changing blockchain industry in order to foster the mass adoption of virtual assets through its two product lines: CoolWallet and Sygna.

CoolWallet is a credit card-sized hardware wallet range that allows for Bluetooth-enabled pairing with users’ mobile phones. The Sygna line of regulatory compliance products is tailored toward Virtual Asset Service Providers (VASPs), simplifying the compliance efforts of VASPs through the use of effective and secure technology.

Blockchain Labs Invests in the TOPL Ecosystem 3128

Blockchain Labs is proud to announce that they have made one of their most exciting and significant moves as an investment firm to date, through a strategic investment in the TOPL Blockchain ecosystem.

TOPL is a Layer 1 Blockchain ecosystem that has raised $15 million in Series A funding. The fund was co-led by investors Mercury Fund, Republic Asia, Cryptology Asset Group and Blockchain Labs. TOPL prides itself on being the creator of the world’s only blockchain built to drive impact initiatives and sustainable transformation for companies across the world. They have helped track and monetize a variety of products across the globe including conflict-free diamonds, ethically sourced coffee, and fair-wage cocoa. TOPL as a blockchain has also helped measure and verify water usage in industrial processes and confirmed the cold chain for COVID-19 test kits. Beyond its core blockchain protocol, TOPL also offers services that include a Blockchain-as-a-Service (BaaS) solution and software development kits (SDKs), equipping users and technology partners with simplified tools to drastically cut certification costs and create trust and transparency around impact and sustainability initiatives. By the end of this year, Topl expects to have about 40 to 50 projects launched on-chain and set a goal of at least 100 applications launched by next year.

Blockchain Labs has been following TOPL’s development for a while and have had the privilege of getting to know the team over the investment process. They believe that TOPL fits perfectly into their portfolio as they resonate with them in regards to their vision for the future and their values as a whole. Blockchain Labs believes the vision will pioneer growth and solve challenges yet to be solved, which is more than suitable for their investment thesis. They also believe that the TOPL team’s expertise and knowledge, as well as their determination to facilitate widespread adoption, will create a formula for success that they are eager to be a part of.

Blockchain Labs is excited to embark on this journey with the TOPL team and cannot wait to see what the future holds for this project.

About Topl

Topl, Inc., is a Houston-based venture-backed ESG technology company developing a purpose-built blockchain ecosystem to prove a company’s ethical and sustainable business practices. Founded in 2017, Topl empowers companies to drastically cut operational and certification costs, through the use of their purpose-built blockchain technology. www.topl.co

About Blockchain Labs

Blockchain Labs is a venture capital fund that was built with the purpose of fostering innovation in the Web3 space, specifically innovation that seeks to revolutionize and improve the world for current and future generations. Blockchain Labs has a well-equipped team that provides hands-on assistance to portfolio companies to ensure success. www.blockchainlabs.xyz

TRON’s Mission to Create an Internet for All, Defining Decentralization 3246

1 2022 07 27 в 19 15 36

Geneva, Switzerland / July 27 /TRON was established in 2017 with the vision to decentralize the web, and it has aligned its mission to follow that purpose over the last five years.

For most blockchains, decentralization is a central theme. It’s a form of administration that delegates power to individuals; as a result, users are able to contribute to and own a piece of the network.

The four elements of TRON’s decentralized architecture are the protocol, nodes, assets, and dApps. Decentralization encourages putting the power in the hands of the people, which is why TRON took its commitment to decentralization to the next stage in December 2021, by dissolving its foundation and establishing itself as a community-governed Decentralized Autonomous Organization (DAO).

Decentralization of the Protocol

TRON aims to empower developers and users to create and share content without limitations. It uses the Delegated Proof-of-Stake (DPoS) consensus mechanism to manage its blockchain. Only elected nodes can approve transaction blocks, unlike a PoS system, which allows anybody with enough assets staked to do so. This structure enables users to safeguard the network by delegating their staked assets through a mechanism of incentives.

Every blockchain network uses a consensus mechanism, and DPoS is one of the most efficient consensus algorithms available. DPoS consumes less energy and completes transactions faster than PoW (Proof-of-Work) or traditional PoS systems. Every six hours, the TRON community elects 27 block validators to serve as “Super Representatives” (SRs) in the ecosystem.

Due to the numerous advantages, many blockchains have transitioned to a DPoS mechanism to power their networks. Regardless of the amount of staked TRX or how many votes SRs receive, each SR has identical voting power on the TRON network, ensuring that the governing percentage per SR is equally balanced.

Decentralization of Nodes

Nodes are the foundation of every blockchain network. As a result, any examination of decentralization must evaluate them. TRON’s geographical diversity in nodes makes it more secure and durable.

Decentralization of Assets

The distribution of native assets, as well as their availability, also contributes to the blockchain’s decentralization. The amount of TRX wallets has risen at a tremendous pace with a 134% increase in one year, from about 26 million in July 2021 to over 61 million by July 2022. The network’s popularity and user base grow with more TRON wallet users and will continue to contribute to the network’s decentralization. Today there are over 100 million user accounts on the network, and the number of users is growing daily.

Decentralization of dApps

The number of dApps, smart contracts, and users is also noteworthy for decentralization. The TRON Grand Hackathon is an outstanding opportunity for budding entrepreneurs and their ideas to grow the TRON network. The various projects submitted during the Hackathon contribute to the diversification of the ecosystem by providing numerous dApps that continue to develop it.

To learn more about TRON’s decentralization and review what the historical data shows, read the “A Deep Dive Into Decentralization” report on https://trondao.org/blog/.

About TRON DAO

TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of July 2022, it has over 104 million total user accounts on the blockchain, more than 3.6 billion total transactions, and over $11 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.

TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum

Media Contact
Feroz Lakhani
[email protected]

Polygon announced as the title sponsor of this year’s Crypto Fest 2022 3158

Bitcoin Events has announced Polygon as the title sponsor of Crypto Fest 2022 hybrid edition. Polygon is a decentralized Ethereum scaling platform that enables developers to build scalable, user-friendly DApps with low transaction fees and without sacrificing security. Over 20,000 DApps have used the Polygon platform to scale their applications.

Polygon is committed to fostering the growth of Web3 applications by providing the infrastructure needed for the next generation of the internet.

Shodipo Ayomide, developer relations at Polygon, said: “We are excited to be joining the 2022 edition of Crypto Fest as the title sponsor, and we are looking forward to supporting more conferences like this in South Africa and across Africa as a whole.”

Dalip Tyagi, developer relations at Polygon, said: “I’m excited about the happenings in Africa and I can’t wait to experience Crypto Fest this September 2022.”

Muskan Kalra, developer relations at Polygon, said, “When I heard about Cryptofest from Ayo, I researched it and was ultimately impressed, I was sure this is one event in Africa that we cannot miss.”

The Crypto Fest has become a popular annual event. This year, it forms part of the Week of Innovation in Cape Town, a collaboration with the SA Innovation Summit, the largest start-up event in Africa, which is taking place in Cape Town from Sept. 27 to 29, 2022.

On Sept. 30, more than 2,000 attendees will be joining this event either virtually or in-person in Cape Town, South Africa. Top global speakers will be sharing their insights on trending cryptocurrency, nonfungible tokens (NFTs), the Metaverse, Web3 and Decentralized Finance (DeFi) topics.

The Crypto Fest 2022 theme “(Don’t) Look Up” is a play on the satire-comedy movie title “Don’t Look Up.” Change is coming to the crypto-DeFi-NFT-Web3 space and now is the time to “look up” and notice the changes as well as the opportunities.

The Crypto Fest will ignite hard-hitting conversations, spark critical debates and host a one-of-a-kind experience on how the crypto-DeFi-NFT-Web3 technologies and communities are altering the worlds of finance, investing, art, music, sport, gaming, entertainment, marketing, governance and more.

Expect a packed day of exciting keynote presentations, a marketplace with a hive of activity at the various booths, NFT art and Metaverse gaming experiences, competitions and giveaways, and top local artist and DJ performances at the afterparty. Well-known South African radio personality Kienno Kammies will lead the proceedings as the Master of Ceremonies. All this action will be taking place in Cape Town, ranked as one of the most beautiful cities in the world.

A variety of tickets are available, from in-person general and VIP tickets to livestreaming tickets for those who prefer to attend virtually.

Bitcoin Events is offering a 40% discount on tickets to the SA Innovation Summit with the coupon codes “CRYPIP5” for in-person tickets and “CRYPON20” for virtual tickets.

About Bitcoin Events

Bitcoin Events is the first events company to host world-class blockchain and cryptocurrency-specific events in Africa. The company has hosted eight highly successful Blockchain Africa Conferences in Cape Town, Johannesburg and online. In 2019, Bitcoin Events introduced the Crypto Fest and in 2020, it introduced DeFi Conferences.

Over 15,000 attendees from 165 countries and 270 global speakers have attended these events.