The Future of Social Media 434

Any media is a combination of channel and information. Media uses platform to build the channel to communicate with its audience. An audience chooses the media based on a suitable platform and the information it provides. Traditional media used to control their platforms completely. With the growth of social media, their pages became one of many on the platform. Those platform changes affected income source. Here are the media evolution milestones based on those two determining factors.

The infographic demonstrates the evolution of media platform and revenue source.

Print media

It was a long age of print media dominance. There was no other way to distribute information and to connect with each other, other than through publications in newspapers or magazines. The media brand was influential, and subscribers and advertisers were its income source.

Internet media

The emergence of Internet prompted print media to create their own web pages. While the subscription-based part of their income reduced, their business models didn’t change. Banners and sponsored articles became their main source of revenue.

Social media

The struggle between the media and the platform started with the introduction of social media. Internet media use platform to attract an audience and to lure it to visit their web pages.

This does not align with platform goals.

The biggest asset of social media is user data and user-generated content. Their main source of revenue is highly targeted advertisement. While traditional internet-media also have become an element of the advertising networks, they have to share their revenue with content creators. The targeted ads generate too little revenue, that is also cut by an intermediary. Media just can’t produce high-quality content with this source of income alone.

Meanwhile, social media have demonstrated the influence of individuals.

Next generation media

Closer and more instant interactions have become the main trend developing in the new media. This leads to the growth of messenger-like media and streaming functions. With our friends, we prefer to chat in messengers. To experience more, we go to specialized platforms, which display videos, photos, streams or blog posts.

The influencers are rising and claim their share of income. Traditional social platforms manipulate feeds and content to increase their revenue while authors of good content and active communities receive no support. The new revenue model of social media has to involve direct payments. Let’s dive into the future of media and understand how it will benefit all of us.

Trends

How is social media landscape changing? Major platforms introduce a multitude of ideas and approaches with the ultimate goal – to stay influential and increase revenue.

Money has to be shared

Targeting used to be the goldmine for both advertisers and platforms. Companies just reaped customers who were ready and willing to buy. The art of targeting has become popular and now it is a very sophisticated process, while an audience is an object of interest for many companies. Within the traditional model it is becoming more difficult for brands to stand out there. They need influencers to create engaging stories for the brand audience. A creative approach will be more compelling for advertisers.

Media implements many options such as paywall, subscriptions and micro-payments. Direct payments for the specific content or to the user also become more and more popular.

The infographic shows trends in targeting. The bid competition increases and customer acquisition costs become higher. Companies are trying to target more precisely to reach potential customers. While the customers who are ready to buy attract the most attention, the top of the pipeline stays untreated. Brands can cover them by storytelling through different media, platform, and influencers and make real fans of these customers.

Outstanding content breakthrough

The business model of social platforms affects the content quality too. The requirements for content have become low, it just has to grab attention quickly. The channel has become more important for all the parties of social interactions: if you can attract the audience you can earn, regardless of the content quality.

Nowadays social media and other web sites are flooded with low-quality content. Platforms apply different approaches to handle it: moderators, AI, censorship. For example, YouTube introduces manual moderation and additional requirements for partnered channels. Huffington Post announced it will no longer work with contributors on its U.S. site.

The best way to identify quality content is to let users pay for it directly. Experts, educators, and outstanding showmen would thrive eventually.

People build trust

Don’t forget the reason why we all gather here: to communicate openly with someone we like. Social media platforms want us to stay more on their pages and to click adds. For example, Facebook applies algorithms to make people stay longer there, at the same time audience engagement decreases. Facebook has become less social, more media: we scroll feed looking for stories, entertainment and news, and don’t spend the time to comment, like or share.

The personal interactions move to other mediums, such as messengers and streams. Influencers gather people in communities and use group chats, streams, and comments. Communities motivate people to interact, rather than be merely informed.  Information, news, memes, and other content spread very fast across communities, while algorithms address long-term processes.

The new business model

While most traditional networks and media are trying to catch some new trends, the new business model arises. It is that pivotal moment when media just can’t use additional attributes to stay on the top. The new model would not complement traditional platforms, it substitutes them as they don’t change their primary source of revenue based on targeting ads.

The social network, which wins the future, has to combine new business model, new technologies and the new type of content which attracts the young audience. Young people change their preferences fast. Currently, the most popular global social network is just number four in their top and tends to become even less popular. And this list is changing continuously.

Let’s take a closer look at the new business model of media and the example that illustrates it. Monoreto is the social platform which brings together all trends and illustrates the upcoming model. This platform is based exactly on the new principle – direct payments to support excellent content creators.

The core of the platform is content, personal communications, and instant feedback. The platform allows to easily launch live broadcasts, create stories with photos and 10-second videos with overlaid text, and publish different types of content including photo and video.

Influencer: produces content and interact with users. Tells a brand’s story.

Direct donations are the basis of the new model

The donation model of Monoreto implements blockchain technology. The minimum transaction is equal to 5 cents in Monoreto tokens (or more, up to donator), which users transfer with their likes.

There are several reasons why users already donate and will continue to do so:

They want to interact with a public person and to attract attention. During live streams donations have become a very popular way to interact with a broadcaster, to ask him to say or do something. This kind of interactions with influencer become a valuable experience.

Gamification: there are a plenty of ways to turn gratitude into entertainment. In Monoreto these are quizzes, lotteries, and competitions. For example, a world-famous sportsman is able to publish a post and announce that top 3 active donors to the post will get the opportunity to meet him (for dinner, at a training club, etc.)  Millions of followers and fans crave to win the prize. The media easily and transparently conveys the procedure, and winners will gain recognition by everyone and will get their moment of glory.

They also want to be stars, so they explore the platform, interact with influencers and gradually become more active and start to donate. Donations help to stand out for users and even for brands, because accounts who “donate” likes promote their posts in the newsfeed. Brands are encouraged to tell their stories directly to the audience. By liking quality content of other users, a business account climbs upwards on Monoreto’s smart feed and gives information to potential consumers through their content. A business owner thereby gets a real return on advertising investment and his money ends up going to his favorite photographer, blogger, actor, or even another business he decides to support instead of some advertising intermediary.

Find out more at the Monoreto Telegram Channel here.

Monoreto demonstrates a new vision for the social platform model. While the amount of content increases overwhelmingly, it is very important to highlight the best of it and put it on display. The platform distributes revenue from both users and advertisers directly to the content authors. Their motivation to create and form active communities increases. The social platform of the new generation benefits all parties: users, authors, and advertisers. The changes promise to be disruptive.

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Rootstock Sees Unprecedented Growth in Recent Quarter 5736

Rootstock, the first and longest-lasting Bitcoin sidechain, established itself as a leading blockchain these three months, with record-breaking transactions and the integration of several new dApps, bridges, and wallets. This momentum has propelled Rootstock into the next step of its growth journey and the team is working toward further growth and improvements over the next 12 months.

According to block explorer data, there have been over 13 million transactions, to date, on the Rootstock network. This is the result of record-breaking 45k transactions a month for the sidechain. The data can provide insight on why Rootstock can be an excellent place to start building on Bitcoin with over 60% of Bitcoin’s hash rate securing the network, and an uptime of 100% since its launch in January 2018.

On the integration front, just over the last three months alone, over 25 dApps and protocols have been integrated into the Rootstock ecosystem providing users with new ways to access, build, and grow on Rootstock. The complete list includes the following:

Artoshi; Bitget; Chainport; Dega; Etherspot; Galxe; Gelato; iZUMi; Kickspad; L bank Exchange; LiFi; Merkl; oooo; OpenOcean; Rubic; Sailing; Satoshi; SimpleFi; Steer; SuperLauncher; SushiSwap; Umbrella; UniFi; Uniswap

Looking forward, Rootstock core contributors and community members have proposed a 12-month roadmap for Rootstock, with improvements and new features contributed by developers across the entire Rootstock ecosystem, which will allow ecosystems built on top of it, such as the RIF ecosystem, to keep on developing new tools and protocols useful for Rootstock developers. This roadmap includes a range of Rootstock Improvement Proposals (RSKIPs) focused on increasing transaction speed, improving usability, and further decentralizing the network. Highlights include:

  • Reducing transaction confirmation times from 30 to just 5 seconds – significantly speeding up the network
  • Enabling non-custodial swaps between Lightning Network (LN-BTC) and Rootstock (RBTC) via Boltz
  • Evolving PowPeg into a SegWit-compatible 2-Way Peg, increasing the number of entities overseeing Bitcoin transaction signing to over 60 and reducing peg-out fees
  • A Bitcoin native assets bridge that allows Runes tokens to freely flow between the Bitcoin mainchain and Rootstock
  • Preparing the development of a truly trust-minimized Bitcoin/Rootstock bridge that will harness BitVMX and will not require changes to the Bitcoin consensus protocol

When looking back on the last three months of momentum, Henrik Jondell, Chief Technology Officer at RootstockLabs, a key contributor to the Rootstock blockchain, commented “The last three months have been an important time for the successful growth of Rootstock and we are thrilled to see how the next twelve months will pan out. Rootstock has become one of the most used Bitcoin layer 2 for crypto and the increase in features and accessibility over this quarter has only helped expand its reach.”

About Rootstock

Rootstock is the world’s most secure smart contract platform that is cryptographically connected to the Bitcoin blockchain. Known as a Bitcoin sidechain, Rootstock uses a censorship-resistant two-way peg to allow users to send Bitcoin directly to the Rootstock chain which is then converted into smart Bitcoins (RBTC) on the Rootstock blockchain. These RBTC can be used to deploy or to interact with smart contracts and dApps on the Rootstock blockchain. BTC can be easily moved back to the Bitcoin mainchain at any point using the trustless bridge or through a variety of protocols such as Sovryn FastBTC.

Cwallet Expands Crypto Loans Landscape | Marking a New Era of Success in Lending 5883

Since its inception in March, the Cwallet Crypto Loan service has quickly surpassed a thousand transactions, marking a significant milestone that highlights its growing impact and acceptance in the competitive crypto lending market. By allowing cryptocurrency holders to access loans by using their digital assets as collateral, Cwallet has introduced a practical and innovative financial tool that caters to the immediate liquidity needs of crypto investors. This service not only facilitates quick access to funds but also preserves the potential for asset appreciation, positioning it as an appealing option for those seeking flexible and secure financial solutions. The growing transaction volume is a testament to the service’s functionality and its ability to meet the diverse needs of cryptocurrency users. As the platform continues to evolve, it is increasingly recognized as a reliable and advantageous resource in the expanding realm of digital finance.

Cwallet Crypto Loans offers two distinct loan types to accommodate the diverse needs of cryptocurrency investors: a 7-day fixed rate option for short-term borrowing, and an unlimited terms fixed rate option for longer-term financial planning. This versatility ensures that both short-term and long-term borrowers can find a solution that suits their specific financial requirements. Users can secure loans against their cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), benefiting from competitive interest rates that are calculated on an hourly basis. This flexibility allows for personalized and immediate financial management, distinguishing Cwallet Crypto Loans from traditional financial services.

Features of Cwallet Crypto Loans:

  • Flexible Loan Terms: Borrowers can choose from fixed or unlimited loan terms, providing significant flexibility without the risk of overdue penalties.
  • Interest Rates: Cwallet offers some of the most competitive rates in the crypto lending market, tailored to meet the diverse needs of its users.
  • Rapid Processing: The platform is designed for quick loan approvals, often within minutes, facilitating immediate access to funds.
  • Security Measures: Security of collateral is a priority, with robust measures in place to protect borrowers’ assets throughout the loan term.

Moreover, the innovative structure of Cwallet Crypto Loans is designed to streamline the borrowing process, making it straightforward and accessible for all types of users. The service utilizes advanced technology to ensure that the application and approval processes are efficient, secure, and user-friendly. Borrowers can easily navigate through the system, from depositing collateral to receiving loans and making repayments.

Additional Benefits of Using Cwallet Crypto Loans:

  • No Hidden Fees: Cwallet prides itself on transparency, ensuring that borrowers are fully informed of all charges upfront with no hidden fees. This clear communication fosters trust and reliability, enhancing user experience.
  • Wide Range of Supported Cryptocurrencies: Besides Bitcoin and Ethereum, Cwallet also supports other major cryptocurrencies like Tether (USDT) and USD Coin (USDC), allowing users a broader spectrum of options for their collateral.
  • Automatic Collateral Adjustment: In a volatile market, Cwallet’s automated system adjusts the collateral requirements based on current market values. This feature helps prevent liquidation during sudden market downturns, providing an additional layer of security for borrowers.
  • Educational Resources: Understanding the importance of informed decision-making in financial matters, Cwallet offers a comprehensive suite of educational materials that guide users through the nuances of crypto loans and managing digital assets effectively.
  • Customer Support: Cwallet has a dedicated customer support team that is available 24/7 to assist users with any questions or issues. This commitment to service ensures that users feel supported every step of the way.

As Cwallet Crypto Loans continues to develop and refine its offerings, it remains at the forefront of the financial technology industry, driving innovation in crypto lending. The platform’s consistent growth and the high volume of transactions signify a strong market demand and user trust in its services. Cwallet’s commitment to providing flexible, secure, and user-friendly financial solutions is transforming the way individuals and businesses leverage cryptocurrency for their financial needs. This adaptability not only enhances user experience but also promotes broader adoption of cryptocurrencies as viable and practical financial assets.

About Cwallet

Cwallet is a leading crypto wallet offering secure, fast, and flexible solutions for all crypto needs. Supporting over 800 cryptocurrencies and more than 50 blockchain networks, Cwallet is the preferred choice for millions of users worldwide. Its platform combines custodial and non-custodial wallets, offering the best blend of security and convenience. Cwallet is dedicated to simplifying the cryptocurrency world and delivering an exceptional experience to users. Currently, Cwallet just introduced the Gift Cards section, revolutionizing shopping experiences. This groundbreaking feature lets users purchase gift cards from top global brands such as Apple, Amazon, Spotify, Roblox, Minecraft, Stream US, EA Games and more, all directly within the Cwallet.

Cronos zkEVM Launches Pioneer Program, Rewarding Early Supporters 6990

Zero-Knowledge EVM blockchain Cronos zkEVM has announced the launch of its Pioneer Program. The initiative allows early users to earn points for their activity on Cronos zkEVM and for interacting with specific dapps.

The Pioneer Program has been designed to incentivize the Cronos community and reward early supporters for their active participation in both the testnet and mainnet. Its rollout precedes the mainnet launch of Cronos zkEVM which is scheduled for Q3.

The program will unfold in stages over the coming weeks and include a variety of community and social quests. These provide an opportunity for users to earn loyalty points while familiarizing themselves with features and services available on Cronos zkEVM.

Later, users will be able to claim their points when they use ecosystem dapps, since participating dapps are expected to offer extra token yields and other benefits to point holders. These additional yields will be provided not only in CRO token but also native dapp tokens.

As a result, users will be able to earn three layers of yield on their crypto assets such as CRO: firstly, the staking yield that is provided natively by holding liquid staked assets like zkCRO; secondly, the DeFi yield generated by various DeFi protocols of the ecosystem; thirdly, the extra yield that participating dapps will offer to loyalty point holders.

Ken Timsit, from Cronos Labs, said: “The community have been waiting patiently for Cronos zkEVM mainnet to launch and the finishing line is now in sight. The Pioneer Program recognizes their invaluable efforts in helping to refine the testnet and providing feedback during the next few weeks before and after mainnet launch..”

To kick off the Pioneer program, the Cronos project is kicking off the Cronos zkEVM Passage campaign in partnership with Veno Finance. During this campaign starting on July 4, which will last until mainnet launch, users can accumulate points by locking and staking CRO into bridge contracts powered by Veno on Ethereum mainnet or Cronos EVM blockchain. The crypto assets, earned staking yield, and accumulated Pioneer points will be released upon mainnet launch.

More info about Cronos zkEVM Passage: https://zkevm.cronos.org/bridge

About Cronos

Cronos (cronos.org) is a leading blockchain ecosystem that has partnered with Crypto.com and more than 500 application developers and contributors representing an addressable user base of more than a hundred million people around the world. Cronos’ mission is to make it easy and safe for the next billion crypto users to adopt self-custody in Web3, with a focus on Decentralized Finance and Gaming.

The Cronos universe encompasses 3 chains: Cronos EVM, the leading Ethereum-compatible blockchain built on the Cosmos SDK; Cronos POS, a leading Cosmos chain for payments and NFTs; and Cronos zkEVM, a new high performance layer 2 network secured by Ethereum.

Cronos ranks among the top 15 blockchain ecosystems, encompassing more than 6 billion dollars of user assets. Since inception, it has securely settled more than 150 million transactions.

Cronos is supported by Cronos Labs, a Web3 start-up accelerator focused on DeFi, GameFi, and the development of the Cronos ecosystem.

Unveiling the Future: Mr. Black’s Cryptic Art and Censorship Concerns 7497

The enigmatic artist Mr. Black, known for his cryptic street art and ambitious 21,000-piece ordinal collection on the Bitcoin blockchain, claims that the Messianic Age will be revealed once the collection is fully minted. However, recent developments suggest that Mr. Black might be facing censorship on the social media platform X, formerly known as Twitter.

Mr. Black has gained global attention with his mysterious posters and stickers in cities like Jerusalem, Rome, Mexico City, Paris, and Tel Aviv. His promise that minting out his collection will usher in a new era of universal peace and enlightenment has ignited both excitement and skepticism.

Recently, Mr. Black has been posting provocative art pieces featuring high-profile figures such as Elon Musk (@elonmusk), Dana White (@danawhite), Jeff Bezos (@JeffBezos), CZ from Binance (@cz_binance), and Ayatollah Khamenei (@khamenei_ir). These artworks, which blend commentary on power and influence, have sparked significant debate and controversy.

Amidst this, there are growing concerns that Mr. Black’s posts are being suppressed on X. Followers have noticed a decrease in the visibility of his posts, with some claiming that his latest updates are harder to find or have been flagged by the platform. This raises the question: Is Mr. Black being silenced?

Why would X, a platform that thrives on diverse voices, choose to suppress Mr. Black’s posts?

Are these actions aimed at stifling his bold claims about the Messianic Age?

Is there pressure from influential figures depicted in his art to curtail his reach?

The implications of silencing Mr. Black are significant. If his claim that the Messianic Age will begin with the minting of his collection holds any weight, suppressing his voice could be seen as a direct attempt to hinder a transformative era. His followers argue that any interference with his mission is a broader attack on freedom of expression and artistic innovation.

As Mr. Black’s countdown continues, the art and crypto communities are watching closely. The potential suppression of his voice on X adds another layer of intrigue to his already mysterious persona. Whether or not Mr. Black’s vision of the Messianic Age will come to pass, the controversy surrounding his work highlights the ongoing struggle for artistic freedom in the digital age. The world waits to see if Mr. Black can overcome these obstacles and fulfill his ambitious prophecy.

Groundbreaking Partnership: Cross-Chain Tokens, CKB Eco Fund, and Meson Finance Launch ccBTC with 1:1 Bitcoin Reserves on CKB Main Network 7422

Cross-Chain Tokens (ccTokens) has partnered with the Nervos CKB Eco Fund to launch ccBTC on the CKB main network, enhancing Bitcoin liquidity within the CKB ecosystem. Backed by a 1:1 Bitcoin reserve, ccBTC is managed by Cactus Custody, a subsidiary of Matrixport. Cactus Custody is a licensed trust company in Hong Kong that adheres to strict anti-money laundering and regulatory standards while providing digital custody solutions.

Meson Finance, the official cross-chain bridge for the CKB Eco Fund, will enable seamless cross-chain circulation of ccBTC across major blockchains and BTC Layer2 networks. Meson Finance, a leading provider of cross-chain services, supports all major public chains and Layer2 networks and offers users access to assets like BTC, ETH, and stablecoins.

ccBTC leverages the advanced capabilities of Nervos CKB and RGB++ protocols to ensure secure BTC transfers within the Bitcoin ecosystem. This integration will empower decentralised applications (DApps) to utilise Bitcoin assets, including decentralised exchanges (DEX), lending platforms, algorithmic stablecoins, derivatives markets, the Lightning Network, the Nostr social protocol, and other large-scale use cases.

ccBTC is the first compliant and managed token issued on a UTXO platform outside the BTC main network. Users can publicly verify reserved addresses, balances, and transaction records in real time via the ccTokens website. To ensure transparency and reliability, the project employs a multi-party confirmation mechanism for minting, burning, and on-chain verification. The ccTokens governance model emphasises checks and balances through a multi-agency framework, role and rights segregation, and decentralisation to mitigate potential misconduct. Additionally, a blacklist mechanism supports ongoing governance and compliance.

This strategic collaboration aims to strengthen the CKB and RGB++ protocols and introduce securely managed Wrapped BTC assets to the broader Bitcoin ecosystem, revitalising dormant BTC assets.

About Nervos CKB

Nervos CKB is a pioneering BTC Layer 2 solution using the Cell model and PoW consensus mechanism to address blockchain scalability challenges. Its modular architecture separates transaction execution, consensus, and data availability.

About Meson Finance

Meson Finance is a decentralised cross-chain bridge leveraging Atomic Swap technology for seamless transfers of BTC, ETH, and stablecoins across over 50 public chains and Layer 2 networks. It offers efficient and cost-effective cross-chain services.

About Cactus Custody

Cactus Custody, a subsidiary of Matrixport, is a Hong Kong-based trust company dedicated to anti-money laundering and regulatory compliance. It provides efficient digital custody solutions. It leads in institutional-grade digital asset custody, supporting over 300 high-profile clients, including miners, exchanges, and funds.

About Cross-Chain Tokens (ccTokens)

Cross-Chain Tokens (ccTokens) are pegged tokens, each backed 1:1 by blockchain assets like BTC. These tokens enable seamless integration of various cryptocurrencies into the decentralised finance (DeFi) ecosystem. All ccTokens are fully supported and protected by qualified third-party custodians or validators.

The Canton Network’s Global Synchronizer and Canton Coin Go Live 7670

Leading market participants powering the Canton Network proudly announce the go-live of the Global Synchronizer, the Canton Network’s decentralized interoperability infrastructure. This launch marks a pivotal step towards unlocking the full potential of synchronized financial markets, providing first-of-its-kind connectivity for the tokenization and frictionless exchange of regulated financial assets and liabilities. The Global Synchronizer is going live after ten years of technological development, nearly a year of extensive testing— including powering the recent Canton Pilot program—and following each of the anchoring Network participants, known as super validators, voting in favor of the launch.

There is a growing industry need to deliver near-term efficiencies for the highest concentrations of tokenized assets, while also facilitating new opportunities as more applications and liquidity are brought on-chain. Canton Network delivers on both value propositions: it features the highest number of live use cases of real-world assets and is the only network that can handle the on-chain privacy, control, and interoperability of participants and their corresponding asset flows.

Organizations are engaging in the Network in a range of ways—including running a super validator, running a node, joining the Global Synchronizer Foundation, or running an application on the Network. Current participants in these various points of engagement include: 7RIDGE, Bitwave, Brale, Broadridge, Calastone, Copper.co, Cumberland DRW, Dfns, Digital Asset, EquiLend, Global Blockchain Business Council, Gravity Team, Hashnote, Hidden Road, Hydra X, InfStones, IntellectEU, Kaleido, LendOS, Liberty City Ventures, MPCH, Obsidian Systems, Ownera, QCP, SBI Digital Asset Holdings, Taurus, The Tie, Tradeweb, Validation Cloud, XBTO, XVentures, and Zodia Custody.

Revolutionizing Financial Connectivity

For the first time, market participants can harness the power of synchronized financial markets through the Global Synchronizer. The Global Synchronizer enhances interoperability on the Canton Network, an innovative public-permissioned blockchain network designed with the privacy and controls essential to facilitating the exchange of regulated financial assets. The Global Synchronizer is operated and governed in a decentralized manner, with internet-like scalability, ensuring that no single party controls the service and there is no single point of failure; thereby harnessing the benefits of decentralized finance. This transformative infrastructure is set to revolutionize the way financial transactions are conducted, offering enhanced efficiency, reduced operational costs, and minimized risks.

“Canton Network participants have taken a long-term strategic view on what was needed to enable the modernization of synchronized global capital markets,” said Yuval Rooz, CEO and Co-Founder of Digital Asset. “Industry-leading firms have convened over the past year for the initial launch and subsequent testing of the Canton Network. We are excited to see the governance and incentive mechanisms in place to facilitate the adoption and use of the Network as it goes live.”

Open Governance with Linux Foundation and the Global Synchronizer Foundation

In conjunction with the Global Synchronizer’s operational go-live, the Linux Foundation is supporting the Global Synchronizer Foundation as an official project. The Global Synchronizer Foundation is an independent U.S.-based entity composed of forward-thinking market participants dedicated to ensuring that the Global Synchronizer is governed transparently in a decentralized manner with organizational neutrality to maintain its integrity. The Linux Foundation will support the Global Synchronizer Foundation under an open governance model that fosters trust and neutrality.

Introducing Canton Coin: Accelerating Connected Capital Markets

The Global Synchronizer includes a utility token, called Canton Coin, which is used to pay traffic fees for using the Global Synchronizer. Canton Coin can be minted by app builders and infrastructure providers who bring utility to the Global Synchronizer ecosystem, marking the first time a public network has rewarded both infrastructure providers and app developers. It is designed to incentivize third parties to build applications utilizing the Global Synchronizer, rewarding connections that accelerate connected capital markets. Network participants can use Canton Coin for Canton-native operations between participants and across applications globally on a 24×7 basis.

Hyperledger Splice: The Springboard for Additional Decentralized Infrastructure on the Canton Network

The Global Synchronizer is the first decentralized infrastructure for the Canton Network. To encourage additional infrastructure development, Digital Asset has open-sourced the core technology for decentralized Canton synchronization domains, including a native utility token– the same technology that powers the Global Synchronizer and Canton Coin. The technology is maintained by Hyperledger Labs under the name Splice to ensure that anyone seeking to set up their own decentralized synchronization domain for the Canton Network can do so freely.

About the Canton Network

The Canton Network is the financial industry’s first and only public chain that can achieve on-chain privacy, control, and interoperability, making it the most suitable network for institutional assets. The Network launched for testing with the participation of a group of leading financial institutions, infrastructure providers, technology firms, and consultants in August 2023. Initially built upon Digital Asset’s technology, the Network’s controls, governance, and app development have been open-sourced and decentralized to be managed by all participants, with the goal of fostering greater innovation and Network utility. The Canton Network’s design overcomes the shortfalls of existing blockchain networks by enabling previously siloed systems in finance to become interoperable and synchronized in ways that had been impossible before. Offering the privacy and controls required for highly regulated organizations, the Canton Network creates a safe environment in which assets, data, and cash can move freely across applications in real-time, unlocking new efficiencies and powering innovation.