Tag: BlockchainBased

7 blockchain-based platforms for content creators

Blockchain technology has recently penetrated a number of sectors, altering the way we do business, store data and interact with digital assets. The decentralized and transparent nature of blockchain also benefits content creators, including authors, musicians, artists and photographers. Blockchain-based platforms offer unique opportunities for content creators to protect their intellectual property, receive fair compensation, and engage with a global audience. This article will explore seven blockchain-based platforms that enable content producers to earn money from their work while retaining creative control. Steemit A blockchain-based social media site called Steemit…

Google Play Allows Apps, Games to Offer NFTs and Blockchain-Based Content

The post by Mills stressed the importance of user trust, noting “while tokenized assets are meant to build more enriched, immersive experiences, as an added user protection, developers may not promote or glamorize any potential earning from playing or trading activities.” This maintains Google Plays’ Real-Money Gambling, Games, and Contests policy. In effect, this means apps that haven’t met gambling eligibility requirements can’t promote buying an in-game item like a “loot box” for a chance to win NFTs. Source link

10 tips for blockchain-based data providers seeking to scale

Each year, the amount of data generated across the globe is growing exponentially. From the explosion in the use of digital tools in the workplace to the ever-growing use of Internet of Things devices, social media, online gaming, e-commerce and other digital platforms, each day sees the creation of a massive amount of data that needs to be stored securely and efficiently.  Blockchain technology provides a decentralized, immutable, secure solution, making it an ideal option for multiple industries. But first, blockchain-based data providers need to prove they can scale to…

5 blockchain-based social media platforms to know

Social media networks built on the blockchain are revolutionizing the way we share, interact and communicate with people online. These systems offer improved transparency, data ownership and decentralized incentives by utilizing the power of blockchain technology.  This article will discuss five well-known blockchain-based social media sites: Steemit, Verasity, Binded, Audius and Sapien. Steemit Based on the Steem blockchain, Steemit is an innovative decentralized social media network. Users are paid for curating and creating content in this novel incentive approach. Users are motivated to create high-quality content and interact with the…

Universities use blockchain-based storage to protect and democratize data

Academic institutions house some of the world’s most important data generated from years of research. Yet centralized data storage models are becoming a concern for many universities looking to keep critical information safe and accessible.  Danny O’Brien, a senior fellow at the Filecoin Foundation and Filecoin Foundation for the Decentralized Web (FFDW) — an independent organization that facilitates governance of the Filecoin network and funds development projects — told Cointelegraph that data stored by academic institutions is at risk of vanishing due to centralized storage models. To put this in…

18 ltalian Banks Forge Partnership For Blockchain-Based Wholesale CBDC Project

A collaborative effort between the Associazione Bancaria Italiana (ABI) and the Bank of Italy has brought together a group of banks in a pilot program for a central bank digital currency (CBDC). Referred to as Project Leonidas, this initiative involves 18 commercial banks leveraging blockchain technology. The primary objective is to explore blockchain applications that promote financial stability and protect consumers. As part of this endeavor, commercial banks are utilizing a shared ledger for interbank payments, with a preference for private ledgers rather than publicly distributed ones. The aim is…

Blockchain-Based, AI Compute Protocol Gensyn Closes $43M Series A Funding Round Led by a16z Crypto

With its latest round, Gensyn has raised more than $50 million and the company said it would use the fresh capital to accelerate the introduction of the protocol and to expand its workforce, including the addition of protocol and machine learning engineers. Prominent investment firms CoinFund, Canonical Crypto, Protocol Labs, Eden Block and a variety of AI and crypto venture capitalists and angels joined a16z in the round. Source

Grill.chat developing blockchain-based social media with EVM wallet integration

Grill.chat, the Subsocial network-based chat app, enhances its appeal by integrating ethereum virtual machine (EVM) wallet compatibility, bridging the gap between traditional wallet users and those ready to embrace blockchain-based social media platforms. Grill.chat, a chat application based on the Subsocial network, has recently implemented Ethereum Virtual Machine (EVM) wallet compatibility, permitting users to communicate using their Ethereum identities while simultaneously transferring cryptocurrency via Polygon. Subsocial is a Polkadot parachain specially designed to suit social media applications. This recent integration allows users to connect their Subsocial wallets to their EVM…

JP Morgan partners with six Indian banks for blockchain-based interbank dollar settlements

JP Morgan Chase & Co. has partnered with six Indian banks to launch a blockchain-powered platform for settling interbank dollar transactions in India’s emerging international financial center.  The pilot program commenced June 5 and is expected to run for several months, as stated by Kaustubh Kulkarni, the senior country officer at JP Morgan. 24/7 transactions India’s ambitious Gujarat International Finance Tec-City (GIFT City) is emerging as a contender against global financial hubs like Singapore and Dubai. In a strategic move, the Reserve Bank of India (RBI) has allowed banks operating…