The Biggest Video NFT Drop Event in Asia Ended With 103.5 ETH on Define Art 8698

DeFine Art has completed the biggest video NFT drop event in Asia with Bart Baker, the No. 1 American social media influencer in China. It is another milestone for NFTs in Asia after Korea’s first NFT art auction from Mari Kim. Bart Baker’s video NFT drop lasted 24 hours from 3 p.m. March 29 to 3 p.m. March 30 KST. The auction closed with a total auction sale of 103.5 ETH (~$190,000) in a successful effort from a top social media influencer in the Asia NFT market.

One of the eight NFTs called The Bart Baker Experience sold for 80ETH. The winner of that NFT would, for the first time in history, make a video with Bart, which would be distributed on his social media channels and minted into an NFT. The seven other NFTs were Bart’s most popular videos, including Journey to the West, Song to a Hero, and more.

Bart Baker is the No. 1 American influencer in China with over 40 million followers worldwide and over 25 million followers in China across Douyin, Kuaishou, and Weibo. In the United States, Bart also has over 16 million followers, with 10 million on his YouTube alone.

DeFine Art is the premier decentralized NFT Platform that supports Asia’s broader NFT ecosystem. The platform facilitates the fusion of real-world assets and blockchain technology in many aspects, with digital art, music & videos, gaming, collectibles, and decentralized financial assets being tokenized into digital assets. It is the gateway for top artists, musicians, influencers, and creative talent across Asia to enter into the NFT world. Additionally, it functions as a decentralized NFT marketplace with features including auctions, Initial NFT Offerings (INO), on-chain exhibition, and DeFi modules that enable NFT assets’ tokenization into more liquid financial assets.

This drop has attracted extensive social media attention from the DeFine Art community, especially from the Korean market. It has become the first effort of top social media KOLs like Bart Baker to tokenize videos and successfully pushed NFT in the Asian crypto market.

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Future FinTech Enters into Cooperation Relationship with Shenzhen SOSOB Technology to Provide Market Information 9978

Future FinTech Group Inc. (NASDAQ: FTFT) (“hereinafter referred to as Future FinTech”, “FTFT” or “the Company”), a leading blockchain e-commerce company and a service provider for financial technology, today announced that on March 17, 2021 the Company signed a Strategic Cooperation Agreement (the “Agreement”) with major shareholders of Shenzhen SOSOB Technology Co., Ltd. (“Shenzhen SOSOB”) to form a joint venture titled FTFT Capital (Dubai) Limited (“FTFT Capital Dubai”), an entity formed to provide services and solutions in the global digital currency business.

Pursuant to the Agreement, the Company will make a cash contribution of $5.5 million for 55% ownership of FTFT Capital Dubai, and the shareholders of Shenzhen SOSOB will contribute 80% of their equity interest in Shenzhen SOSOB to FTFT Capital Dubai; Shenzhen SOSOB assets include intellectual property rights, an online platform that provides global digital currency market information and its members and online traffic, valued in aggregate at $4.5 million for 45% ownership of FTFT Capital Dubai. Under the planned structure, FTFT Capital Dubai will become a 55% owned subsidiary of the Company and Shenzhen SOSOB will become an 80% owned subsidiary of FTFT Capital Dubai. It is also planned that FTFT Capital Dubai will set up an investment fund for the investment and management of encrypted financial assets for institutional and high net worth investors. FTFT Capital Dubai will be based in Dubai, United Arab Emirates.

Mr. Shanchun Huang, Chief Executive Officer of Future FinTech, said, “We are excited to jointly create a new enterprise that will serve the digital currency markets. Our objective is to build a company of significant value by creating new content and capturing market share through the application of blockchain technology in financial service markets including digital wallet safety management, blockchain code auditing and operations, and maintenance services. We believe that SOSOB’s digital currency market data information service, analysis capabilities, diversified financial services and multilingual services will serve as a catalyst to introduce new advisory services for blockchain-based financial asset products.”

Mr. Xiong Li, Chairman of Shenzhen SOSOB Technology Co., Ltd., said, “SOSOB currently provides high value-add services to the digital currency markets by being the world’s largest digital currency market information and data service platform of real-time asset and price information for global users. Based on our blockchain aggregation service platform, it collects real-time, comprehensive and reliable blockchain asset and digital currency market information and price data to provide a one-stop market data service for global users. SOSOB now has more than 30 proprietary technologies. We collect data from more than 300 global digital currency trading platforms and cover more than 1,000 digital currencies. With our independently developed data analysis engine, we process more than 200 million datum per day. SOSOB currently has more than 560,000 registered members and over 520,000 members who have installed our mobile App so they can have access anywhere at any time. In addition, our mobile app daily activity number totals more than 84,000 members, our daily website page view (PV) totals more than 500,000 views, and our daily unique visitor (UV) number, which only counts the first visit with a unique IP address, and which does not record again in the same day, totals more than 160,000 visitors.”

Mr. Li continued, “We will continue to maintain and improve the strategic position of our global blockchain financial services and one-stop platform for data, market information and analytics service for digital currency markets. Through our cooperative relationship with Future FinTech, we intend to use blockchain technology to further expand the platform ecology of the digital currency market and to promote its expansion in cooperation with other industry parties to build a stable and sustainable digital currency service platform.”

NFT Mania: For the 1st time, a GRAMMY – Winner sells an NFT music album as a solo artist 9539

NFT marketplace Rarible has announced that the awaited Al Walser NFT album drop will be launched on their auction site on March 18th at 12 EST. Auction participants will get a rare chance to own a true and scarce NFT by one of the music business’ biggest unicorns.

Scarcity and story is what drives NFT prices. The artist from the world’s smallest double landlocked microstate Liechtenstein embodies those elements unlike any other artist. Even President Obama follows him on Twitter. Al Walser is in its truest form a unicorn, and NFT collectors know they’ll be buying into a rare opportunity of scarcity and historical fascination with a promising secondary market.

Even within the tiny state, sandwiched between Switzerland and Austria with a population of less than 40,000, Walser also stands out as being its very first biracial citizen son.

Star producer Diplo, when asked by the AP, says: “I love everything about him!” On Instagram, posing next to Walser, Diplo writes: “With the legend al walser”

In 2012, Al Walser was responsible for what many call the ‘independent Big Bang’ of what later made him the GRAMMY®’s biggest underdog. It caused ripples throughout the entire music industry. Deadmau5 about Al Walser: “Everybody cares apparently. It’s like all the big news man. I hope he wins.” Star producer Calvin Harris tweeted: “Good luck Al you deserve it mate.”

Today, Walser is more active than ever. His production work won him a Grammy in 2020. His 2 hour Christmas TV Special, a 2021 EMMY® contender, was one of the most seen Holiday Specials released in 2020.

The album artwork is beautifully unusual, depicting Walser stepping out of a coffin. Al Walser: “This album means a lot to me, it’s a direct result of what happened after that pivotal cultural moment years ago. It’s no surprise it has a very raw and modern Rock’N’Roll edge all throughout.” The album will also include one unreleased song.

Walser’s appearance at the GRAMMY®s in an Apollo space suite became legendary. EDM DJ Kaskade shared it with his fans on social media, responding to media: “The Space Suite was a good touch!” It became one of the most publicized pictures taken at the red carpet. That original flag will also go to the highest bidder, along with the album.

Masha Vyazemsky, Head of Communications at Rarible: We’re excited to be exploring the use cases for NFTs in music, and to support fantastic artists such as Al Walser among the pioneers in the space.

Auction bidding for the Al Walser NFT drop will start, March 17th on Rarible and OpenSea. with Rarible as the primary marketplace. The auction will run for 1 week.

The9 Appointed Cai ZhiFang as the CEO of NBTC Limited to Lead the Development of Blockchain and Cryptocurrency Business 9579

The9 Limited (Nasdaq: NCTY) (“The9”), an established Internet company, today announced the appointment of Cai Zhifang as the Chief Executive Officer of NBTC Limited (hereinafter referred to as “NBTC”), a wholly-owned subsidiary of The9, to lead the development of blockchain and cryptocurrency business in NBTC. Mr. Cai has been on board.

Mr. Cai is an early pioneer in the blockchain industry. In 2013, Mr. Cai co-founded YiBit Digital Technology Company Limited, one of the earliest integrated platforms in blockchain industry in China. In 2015, Mr. Cai served as the general manager of WeiTui Technology Limited Company, which self-operated Bitcoin mining by the purchase of AvalonMiners from Canaan. The peak hash rate managed by Mr. Cai at that time accounted for nearly 4% of the global hash rate of Bitcoin. Afterwards Mr. Cai established a strategic partnership with Canaan, responsible for assisting its customers in establishing, operating and maintaining AvalonMiners. At that time Mr. Cai managed and operated more than 300,000 AvalonMiners, with an accumulative hash rate exceeding 5,000 PH/S, accounted for nearly 5% of the global hash rate of Bitcoin at that time.

After joining the NBTC team, Mr. Cai will be responsible for leading the expansion of NBTC blockchain and cryptocurrency business, making full use of his industry experience and resources to formulate and execute NBTC’s business strategy, and to implement the cooperation between NBTC and worldwide cryptocurrency ecosystem partners with the goal to accelerate the establishment of The9’s global leadership in the cryptocurrency industry.

In January this year, The9 announced the establishment of the wholly-owned subsidiary NBTC to engage in blockchain and cryptocurrency related businesses. Immediately within two months, Bitcoin and Filecoin mining machines had been acquired as the first step to build The9’s cryptocurrencies mining business.

About The9 Limited

The9 Limited (The9) is an Internet company based in China listed on Nasdaq in 2004. The9 aims to become a diversified high-tech Internet company.

Oracle Extends Database Leadership with Oracle Database 21c 11670

Oracle announced that Oracle Database 21c, the latest version of the world’s leading converged database, is available on Oracle Cloud, including the Always Free tier of Oracle Autonomous Database. Oracle Database 21c contains more than 200 new innovations, including immutable blockchain tables, In-Database JavaScript, native JSON binary data type, AutoML for in-database machine learning (ML), and persistent memory store, as well as enhancements for in-memory, graph processing performance, sharding, multitenant, and security. Unlike other vendors’ single-purpose databases in the cloud or on-premises, Oracle Database 21c provides support for multi-model, multi-workload, and multi-tenant requirements – all within a single, modern converged database engine. In addition, Oracle today announced the availability of Oracle APEX (Application Express) Application Development, a new low-code service for developing and deploying data-driven enterprise applications quickly and easily. The browser-based, low-code cloud service enables developers to create modern web apps for desktops and mobile devices using an intuitive graphical interface.

“Oracle Database 21c continues our strategy of delivering the world’s most powerful converged database engine,” said Andrew Mendelsohn, executive vice president, database server technologies, Oracle. “It provides leading JSON document processing performance. It provides breakthrough operational database performance with Intel® Optane™ Persistent Memory support. It provides industry-leading analytic database capabilities with new Self-Managing In-Memory Column Store, highest performance graph processing, and AutoML for simplest machine learning model development. It provides Immutable Blockchain Tables for tamperproof SQL tables. Competing vendors require separate JSON document, operational, analytic, graph, ML, and blockchain databases and services to support these capabilities. Oracle’s converged database approach makes developers far more productive when building new applications, and makes it easy to later evolve applications to meet new business requirements.”

What Analysts are Saying about Oracle Database

“With the launch of Database 21c, Oracle has elevated its flagship database to a new level of convergence with broad support for a wide variety of data types and workloads,” said Carl Olofson, Research Vice President, Data Management Software, IDC. “The 200 new built-in innovations, including immutable blockchain tables and AutoML for in-database machine learning, elevate Oracle Database 21c to a new level of functionality, eliminating the need for specialized, isolated cloud services and tools to do those jobs. Users can avoid the compounding of costs and operational complexity that comes with each additional cloud service that organizations ordinarily use. In this way, Oracle is effectively slicing away at this disjointed set of services with a simplified, more technically elegant, and integrated approach that is far better suited for the enterprise needs of 2021.”

“Oracle’s latest converged database—Database 21c—focuses on making life dramatically easier for both users and developers. It supports and integrates an expanded range of data models and workloads, and includes built-in machine learning to eliminate the need for separate tooling and services by enabling organizations to run inference directly on their database, right next to their data. This is a refreshing contrast for organizations that leverage the likes of AWS, which has more than a dozen different databases, each requiring customers to deal with different APIs, ETL approaches and data integration processes. Oracle Database 21c transcends the barriers of a multi, isolated, and intrinsically non-converged, database approach,” said Mark Peters, Principal Analyst & Practice Director, ESG.

What Customers are Saying about Oracle Database

Headquartered in London, Aon is a US$46B global professional services firm providing a broad range of risk, retirement and health solutions. “We’ve never been able to see all of our Oracle sales and marketing data in one, unified system. It’s a real milestone. Using Oracle Autonomous Data Warehouse and Oracle Analytics Cloud, we’ve seen performance boosted by 50X to 60X that makes response times to complex sales queries from 500 power users much faster and analytics costs are significantly lower than our on-premises business intelligence tools,” said Liesbeth Mulder, Global Reporting Lead, Aon.

Angelini Pharma is one of the largest pharmaceutical companies in Italy. “The Quinaryo XRing solution has been an important step ahead in our IoT strategy to experiment with a wearable device integrated with a data security tool based on a blockchain table solution,” said Pietro Berretoni, Digital & Innovation Head, Angelini Pharma. “With Oracle Blockchain Tables, the solution provides tamper-proof records that can easily integrate with other applications without requiring a complex new infrastructure. Oracle Database includes all the tools we know and new features like Oracle Blockchain Tables that we can leverage with XRing for sensible data collection.”

New Innovations in Oracle Database 21c

Oracle Database 21c is the database engine that powers Oracle database services in the cloud and on-premises, including Oracle Autonomous Database, Oracle Exadata Database Service, Oracle Exadata Database Cloud@Customer, and Oracle Exadata Database Machine. The latest release includes more than 200 new innovations, which extend database convergence to new use cases, optimize performance, and improve developer, analyst, and data scientist productivity. Key innovations include:

  • Immutable Blockchain Tables: Blockchain Tables bring the key security benefits of blockchain technology to enterprise applications. Part of Oracle’s Crypto-Secure Data Management, Blockchain Tables provide immutable insert-only tables whose rows are cryptographically chained together. By providing tamper detection and prevention capabilities directly in the Oracle Database, customers can protect against illicit changes by insiders or hackers impersonating administrators or users. Blockchain Tables are part of the converged database, accessed with standard SQL, and support full analytics and transactions – making it orders of magnitude easier to use, and more functional, than existing blockchain implementations. Blockchain Tables are a free feature in all Oracle Database editions.
  • Native JSON Data Type: Oracle has provided powerful SQL/JSON query and indexing support for many years. Database 21c adds a new JSON data type representation, enabling up to 10x faster scans and up to 4x faster update operations. Overall, these improvements make Oracle SQL/JSON 2x faster than MongoDB and AWS DocumentDB on the YCSB benchmark. As with previous releases, users can mix or join JSON and other data types; index any JSON element for fast OLTP; use declarative parallel SQL analytics across all formats; and run complex joins across multiple JSON documents and collections—all without any need for custom application code.
  • AutoML for In-Database Machine Learning: Automatically builds and compares machine-learning models at scale, and facilitates the use of machine learning by non-experts. A new AutoML user interface makes it easier for non-expert users to leverage in-database machine learning. Oracle also added new algorithms for anomaly detection, regression, and deep learning analysis to our extensive library of popular, in-database machine learning algorithms.
  • In-Database JavaScript: Enables developers to work efficiently in modern programming languages. The embedded Graal Multilingual Engine allows JavaScript data processing code to run inside the database – where the data resides – eliminating expensive network round-trips. In addition, users can easily execute SQL from within JavaScript code, and JavaScript data types are automatically mapped to Oracle Database data.
  • Persistent Memory Support: Stores database data and redo logs in local Persistent Memory (PMEM), which significantly improves the performance of IO-bound workloads. SQL runs directly on data stored in the direct-mapped Persistent Memory file system, eliminating the IO code path and the need for large buffer cache. In addition, new database algorithms prevent partial or inconsistent stores to Persistent Memory.
  • Higher Performance Graph Models: Allows modelling of data based on relationships, and enables exploration of connections and patterns in social networks, IoT, and more. Further improvements in memory optimization reduce the amount of memory required to analyze larger graphs, which enables existing applications to run faster with no changes. In addition, users can create or extend graph algorithms using Java syntax, which can execute as native algorithms since they are compiled with the same optimizations.
  • Database In-Memory Automation: Oracle supports both row and column formats in the same table to allow analytics and transactions to run simultaneously on the same table. Oracle Database 21c introduces a Self-Managing In-Memory Column Store that simplifies and improves efficiency by automatically managing the placement and removal of objects in the In-Memory Column Store, then tracks usage patterns and moves and evicts objects from the column store. In addition, columns are automatically compressed based on usage patterns. Oracle Database 21c also introduces new in-memory vector join algorithms to speed up complex queries.
  • Sharding AutomationNative Database Sharding delivers hyperscale performance and availability while enabling global enterprises to easily meet data sovereignty and data privacy regulations. Data shards share no hardware or software, and can reside on-premises or in the cloud. To simplify the design and use of sharding, Oracle Database 21c includes a Sharding Advisor Tool that assesses a database schema plus its workload characteristics and then provides a sharded database design optimized for performance, scalability, and availability. Backup and Recovery across shards is also automated.

ZK International’s Subsidiary, xSigma Corporation, Completes its Smart Contract on the Heels of Bitcoin Hitting a High of $26,700 7901

ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZKIN”, “ZK International” or the “Company”), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, is pleased to announce that xSigma Corporation, a wholly owned subsidiary of the Company, has completed the smart contract development of xSigma’s DeFi platform. This marks an important milestone for xSigma as it systematically builds out the ecosystem of the xSigma DeFi protocol.

xSigma’s smart contract has been completed and is undergoing a technology software audit, which is the last step for xSigma before it releases the project. The technology audit of the software is being conducted as good practice to ensure the safety of funds and the system in general. xSigma will offer enhanced rewards for early liquidity providers, who join in the first weeks after the launch. (Learn more about xSigma DeFi project on: https://xsigma.fi and Telegram: https://t.me/xsigma_global)

This is just the beginning of xSigma creating a new future, and it is a crucial step in building the xSigma ecosystem. The xSigma team is working on finalizing the white paper and all the technical details are to be released in the near future. As Bitcoin and other cryptocurrencies continue to gain momentum and hit all-time highs, which currently has a total market cap of $688.3 billion, xSigma management team believes that the top team of xSigma, support from a NASDAQ listed company, and a DeFi protocol which aims to be first in class, are significant characteristics which should elevate and differentiate xSigma from the other DeFi platforms.

The xSigma DeFi protocol has received a significant initial interest, in a short period as it has already gathered over 5,000 members in its communities and has collected thousands of subscriptions on its waitlist. In addition, xSigma has secured commitments from individuals and institutional liquidity providers which is important for a successful launch.

Mr. Jiancong Huang, Chairman and Chief Executive Officer of ZK International, stated, “as Bitcoin and other cryptocurrencies continue to gain momentum, so does xSigma. xSigma continues to build its ecosystem, and it continues to gain a positive response from the blockchain community for its DeFi protocol. Currently, over $9 billion is locked in just five Defi projects according to DeFi Pulse and the aim of xSigma Protocol is to reach the top 5 by the value locked list in 2021. Having former Google, Amazon, 1inch and Ripple engineers on the team, xSigma is well positioned to join the list of the biggest blockchain projects in the future.”

Bloccelerate VC Closes Fund I 7845

Bloccelerate VC, a Seattle-based VC firm focused on early-stage investments in blockchain technology startups, closed a $12M Fund I to support the enterprise and institutional adoption of blockchain. The Bloccelerate VC fund is actively investing in blockchain-powered applications that enable trustless automation of business processes within trillion-dollar industries — such as trade finance, financial services, and supply chain. The fund has already deployed capital into 5 companies, including Blockapps, Symbiont, MakerDAO.

Over the next 2-3 years, Bloccelerate will deploy capital into 10-15 emerging winners in the blockchain space. Bloccelerate invests in Seed, Series A, and Series B stage companies through its main fund, along with a co-investment vehicle. The average investment amount ranges from $500K-$2M.

Founded in 2018, Bloccelerate VC is led by General Partners Kate Mitselmakher and Sam Yilmaz. Having personally experienced the volatility of the emerging market economies, both Mitselmakher and Yilmaz have developed an appreciation for the disruptive potential of blockchain in the financial world.

Professionally, Mitselmakher brings a decade-long expertise in the enterprise technology space, having worked for a global publicly traded technology market research firm, Gartner (NYSE: IT). Yilmaz brings operational know-how and entrepreneurial expertise, having started and exited an AI company, prior to co-founding the Decentralized Application Fund in 2014. The DApps Fund divested all of its assets in 2017 — at the peak of the blockchain hype cycle.

While the recent adoption of digital assets by institutional investors has been great for the blockchain industry as a whole, Mitselmakher and Yilmaz firmly believe that many still misinterpret blockchain by deeming it primarily restricted to payments, or “money-as-a-service” use cases. In reality, blockchain has numerous other applications.

In fact, by 2030, Gartner estimates that the business value added by blockchain will surge to exceed over $3.1 trillion, with the vast majority of value created in use cases outside of “digital gold” (Source). Large Fortune 500 companies — like Walmart, Bayer, Vanguard, Anheuser Busch, and others — all announced successful blockchain implementations. Mitselmakher believes that “the era of futile experimentation is behind us, as a larger number of POCs are successfully going to production.”

Bloccelerate’s investment thesis specifically focuses on revenue-generating use cases that enable trustless “consensus over the wire” for multiple stakeholders who do not necessarily know or trust each other. Examples from Bloccelerate portfolio include BlockApps’s solution tracking multiple billions of dollars worth of highest-value stewarded products for Bayer Crop Sciences (Source), and Symbiont’s solution successfully managing $1.3+ trillion worth of passive index data for Vanguard (Source). Bloccelerate VC believes that, ultimately, blockchain solves the “single source of truth” problem – permeating virtually every sector and every geography.