Press Release

Platon: To create a new digital civilization by Protecting CryptoArts

Published

2 years ago

May 25, 2021

CryptoArts, a new favorite in the digital age

Recently, a NFT painting of digital artist Beeple was sold for $69.34 million, setting a record price for cryptoart. Earlier, Dorsey, the CEO of twitter, transferred his first tweet as a NFT, with the price of about $2.9 million. The birth of these high-priced works of art has pushed the cryptoart into the artistic field，which has been changing people’s traditional cognition and empirical judgement of art. So what is NFT? Is NFT valuable?

NFT (non-homogeneous token) is also a kind of cryptocurrency asset, which relying on the blockchain network behind it. The holding information of these assets can be recorded in the blockchain. Different from bitcoin and Ethereum, each NFT is unique, so it is not for exchange, like basic commodity purchase or other basic transactions money. However, because of that NFT assets can’t be copied, works of art or collections can be transferred on the blockchain network as the unique cryptocurrency asset. For example, if you successfully register as a password artist on the NFT trading platform, your uploaded works of art can also become a NFT asset. The process of becoming a NFT can be regarded as “coinage”, and then by aggregating into blocks to become the unique token asset on the blockchain.

All along, the biggest attribute of art is uniqueness and irreplaceable, which coincides with the essence of NFT. In the traditional art market, artworks are repeatedly sold at high prices, which is unmatched by any other industry. At present, cryptoart is the most powerful growth area in the digital collection market.

Perfect combination of encryption technology and artistic value

Although NFT assets are unique and irreplaceable, and can exist in different forms and contents, their essence is still token. Token itself has no intrinsic value. Only when it is placed on the value system of the real world, can it be endowed with specific meanings.

When we buy a NFT, it actually means that we buy a “digital certificate” representing the ownership and authenticity, that is, we get a unique password generated by blockchain technology. For example, if you buy a painting in the art field, what others see is only a copy of the digital picture, while the buyer has the only original copy of the whole network. This work has been authenticated by blockchain technology, and has a digital signature that cannot be copied, so that buyers can confirm the uniqueness of their collection. The underlying logic is the consensus mechanism based on the network computing power of blockchain. For the cryptoart, this network flow based consensus is important. Through effective mechanisms to improve consensus, let more people know about the works, and by exposure and auction, or artists’ appearance on public media, can achieve “value-capture”, thus increasing the collection value and transaction price of works.

In this process, encryption and privacy protection technology play a key role. For a cryptoart, the owner should have both the ownership and the right to use. Currently, we only protects the ownership, but fails to protect the right to use. If the owner of a work puts a cryptoart on display in the gallery, the owner can get a share of the income from the exhibition, and only with the authorization of the owner, can the art work be fully displayed. Only in this way can the right to use of cryptoart be more effectively protected, which is what PlatOn’s privacy computing has been working for.

The privacy token contract of PlatOn can achieve the purpose of hiding identity through zero knowledge proof algorithm. Zero knowledge proof is to make the verifier believe that one has some knowledge or ability without providing any useful information to others, so as to protect the cryptoart. In addition, digital assets need to be taxed in the future, which also involves the trade of ownership. Token’s Rosetta privacy AI framework improves the efficiency of MPC (multi-party secure computing) and provides strong support for digital asset trading.

Platon’s Alaya scheme, Protecting the cryptoart

As a global blockchain leader, PlatOn, with its rich experience in the field of privacy protection, can help the digital identification and asset digitization of traditional works of art and even real estate, and help traditional assets become indelible and unchangeable . PlatOn launched the meta network Alaya scheme on October 24 last year. The scheme is based on distributed storage system, with globally distributed nodes, and is linked in the form of NFT. It supports the subsequent change of ownership of digital assets through cooperative transfer, so as to protect cryptoart and built a new digital civilization.

In addition, in the main network release of PlatOn is launched in last month, NFT transfer is also used for voting on the chain, and NFT badges in the main network community will be sent to all voting participants. It can be seen that PlatOn’s exploration on NFT privacy protection has been in the field including the cryptoart, community souvenirs, voting and so on, which will light the dawn of new digital civilization.

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Press Release

Wesp: All Metaverse Experiences In One Platform

Published

37 seconds ago

September 28, 2023

Cloud PR Wire

–News Direct–

WOERDEN, UTRECHT, NETHERLANDS, Sep 28, 2023 (500NewsWire) — Wesp is taking the Metaverse to the next level by integrating all public categories into one platform, offering users an infinite array of experiences. This is made possible by a robust infrastructure for app development with an integrated App Store. Facilitated by AI technology, the platform is designed for easy use and fun engagement. Moreover, the App creation provides monetization opportunities for businesses and users, allowing them to capitalize on their creative ideas.

With the platform's integrated AI technology, creating a villa is not only simple but also a lot of fun and done within minutes. Navigation in the virtual world is achieved with personalized avatars, crafted through the advanced face scan feature. Beyond fun, Wesp is also a smart platform that incorporates fundraising smart contracts for businesses. Land parcels are also smart, being recycled when inactive to maintain a lively environment.

Wesp isnt a Web3 platform, it is a multi-layered, AI-powered smart Metaverse that also incorporates Web3 functionalities. This is a crucial distinction, as the two well-known Web3 Metaverses only cover a small fraction of the User Value Market. In stark contrast, Wesp captures an astounding 99% of it. According to Statistica's Metaverse digital media report updated in August 2023, this User Value Market is projected to grow from $53 billion this year to $300 billion by 2028. This sets Wesp on a path for considerable success, a claim substantiated by the already 26,000 users on its pre-launched platform.

The business model adopted by Wesp bears a strong resemblance to those of Apple's iPhone iOS and Google's Android. Instead of being an operating system for mobile phones, Wesp serves as a 3D operating system for the computer of the future. It provides the core infrastructure, while users and companies take the lead in app development for the platform. Whether it's a dating app, a fully functional racetrack, or a football stadium for social games, the possibilities are infinite. Around this platform, a unique ecosystem will naturally evolve, providing opportunities for both users and businesses to thrive.

In envisioning the future of the Metaverse, the CEO of Wesp paints an all-encompassing, immersive digital universe that's seamlessly integrated into daily lives. Opening a laptop could result in instant transportation into the Metaverse. There, individuals can play games, attend social events, or explore social apps. Shopping becomes an entirely new experience, transcending traditional e-commerce. Businesses have the capability to monitor fundraising contracts or daily app revenue, all within a highly interactive 3D environment.

The vision for the Metaverse is a realm where personal and professional lives intersect and elevate each other. Engaging with an overseas colleague in a virtual office becomes as natural as interaction in a physical space.

The skepticism this vision may invoke today parallels the incredulity faced when operating systems like DOS and 256-color VGA monitors represented the height of technology just 30 years ago. The 3D environments taken for granted today were once inconceivable. As technology has evolved rapidly since those early years, the Metaverseparticularly as envisioned by Wespstands to become an essential, enriching aspect of daily life, fundamentally transforming the ways people work, socialize, and interact.

Contact Details

Wesp

Antony Chang | Founder & CEO

[email protected]

Company Website

https://wesp.io/

View source version on newsdirect.com: https://newsdirect.com/news/wesp-all-metaverse-experiences-in-one-platform-740339612

500NewsWire

COMTEX_441143036/2655/2023-09-28T11:06:40

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Press Release

Baxia Markets Empowers Traders: Expands Trading Opportunities

Published

30 mins ago

September 28, 2023

Cloud PR Wire

Mahe, Seychelles, September 28, 2023 – (SeaPRwire) – Baxia Markets, a pioneering online trading platform known for its innovative approach to forex and CFD trading, unveils expansion of its services to provide traders with an even broader array of trading opportunities. The company is rolling out 2000:1 leverage to additional countries, increasing its instrument offerings, providing weekend trading options, and expanding its enriched suite of educational resources.

Nash Wadud, CEO of Baxia Markets, underscores the significance of these developments, stating, “Today’s traders seek flexibility, an extensive range of options, and educational support that empowers them to make informed trading decisions. At Baxia Markets, our commitment is to deliver all this and more.”

High Leverage 2000:1 Reaches New Territories

Recognizing the power of leverage for traders, Baxia Markets has extended its exceptional 2000:1 leverage ratio to several new countries. This strategic move allows more traders to open larger positions with a modest initial deposit, thereby amplifying their potential returns. “Our 2000:1 leverage offering in other markets was met with phenomenal success. We’re thrilled to expand this feature to new countries,” states Nash Wadud.

Expanded Instrument Diversity and Weekend Trading

Baxia Markets now offers an enhanced array of trading instruments, enabling traders to diversify their portfolios like never before. In addition to traditional pairs, traders can now explore new opportunities in forex, commodities, indices, and cryptocurrencies.

Furthermore, the company recognizes traders’ needs are evolving and introduced weekend trading options, granting them expanded access to markets at their convenience. Hannah Rivera, Chief Operating Officer of Baxia Markets, elaborates, “Traders demand market accessibility on their terms, which is why we are pleased to introduce weekend trading options for the first time.”

Investment in Robust Educational Resources

Baxia Markets firmly believes that an educated trader is a successful trader. As a testament to client success, the company is proudly rolling out an extensive suite of educational resources, including webinar, guides, and a specialized MetaTrader 5 educational series. The MT5 series is set to help traders capitalize on the rich features of the renowned trading platform. Rachael Williams, Head of Customer Experience at Baxia Markets, emphasizes Baxia’s commitment, stating, “We are investing in educational content that not only covers the fundamentals but also delves deep into advanced trading strategies and platform functionalities.”

Regulation and Licensing

Baxia Markets operates within a stringent regulatory framework, prioritizing the security and transparency of its clients. The company holds licenses from reputable regulatory authorities, including the Financial Services Authority of Seychelles and The Securities Commission of The Bahamas (SCB).

Financial Commission Partnership

Baxia Markets is affiliated with the Financial Commission, an independent organization offering dispute resolution services to traders and brokers. This partnership reflects Baxia Markets’ commitment to upholding ethical standards and fostering trust within the trading community.

TrustPilot Rating

Baxia Markets has received an Excellent TrustPilot rating of 4.8*, demonstrating the company’s dedication to client satisfaction and trustworthiness. Known for its reliability and customer support, Baxia Markets is a preferred choice for traders in search of a dependable trading platform.

These enhancements underline Baxia Markets’ commitment to providing traders worldwide with outstanding opportunities while adhering to regulatory compliance and prioritizing customer satisfaction. For additional information about these developments and to explore the world of online trading, you can visit BaxiaMarkets.com.

About Baxia Markets:

Baxia Markets is a leading online trading platform renowned for its commitment to innovation, regulation, and client success. With a mission to empower traders with an array of opportunities and educational resources, Baxia Markets has established itself as a trusted partner for traders worldwide. The platform offers a diverse range of trading instruments, cutting-edge technology, and a dedicated team of experts to assist traders at every step of their journey. Discover the future of online trading at www.baxiamarkets.com.

Media Contact

Company: Baxia Markets

Contact: Rachael Williams

Telephone: +248 4373509

Email: [email protected]

Website: https://baxiamarkets.com/

SOURCE: Baxia Markets

The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SeaPRwire.com

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Press Release

Justin Sun Prioritizes Security: User Assets Are Sacred and Inviolable

Published

1 hour ago

September 28, 2023

Cloud PR Wire

–News Direct–

Justin Sun, a member of the HTX Global Advisory Board, participated in a live broadcast titled "Talk to Justin Sun about Crypto Safety Issues'' on September 26. This live interview was conducted simultaneously on HTX's (previously Huobi) Twitter Space and HTX Live. Justin Sun shared his insights on security concerns related to cryptocurrency exchanges and responded to the recent security incident at HTX.

To start, Justin Sun gave a brief recap of the recent cyberattack on HTX. On September 24, 2023, at around 6 PM Singapore time, HTX detected a hack and took immediate actions, which included rapidly changing the hot wallet address, implementing the real-time monitoring mechanism, and establishing the SAFU fund. Through these efforts, the exchange has ensured the protection of user assets and information. HTX, as emphasized by Justin Sun, managed to promptly resolve almost all issues within 24 hours following the attack. Users remained largely unaware of the incident, but it was indeed an intense battle.

According to reports, HTX has fully covered the losses, ensuring that users will not incur any losses due to this incident. The platform is operating normally, and all user assets remain unaffected. Moreover, HTX has labeled the hacker's ETH addresses and proposed a 5% white-hat incentive ($400,000) to encourage the hacker to return the stolen funds. If the hacker returns the funds within 7 days, HTX will offer them a position as a security consultant for the exchange. Otherwise, HTX will provide the information to the authorities for the hacker's prosecution.

Additionally, HTX is collaborating with professional security teams, blockchain institutions, and top-notch exchanges like Binance to trace the hacker's identity and the whereabouts of the stolen funds. While the exchange cannot disclose the specifics of the ongoing investigation, it is committed to ensuring that the hacker faces the full legal consequences they deserve if they do not return the stolen funds.

Justin Sun stated, "We encourage white hat ethical hacking and are confident in our ability to recover the funds. HTX has a proven track record of collaborating with authorities to apprehend hackers and will not tolerate any hacking activities. Even if users not affiliated with HTX have had their assets compromised, we will initiate charitable efforts to assist them in recovering their losses."

Summarizing the discussion, Justin Sun underscored the costliness of the security lesson learned and the commitment to excel in this domain. He emphasized that the recent hack was a valuable experience for him and his team, prompting HTX to reassess and enhance its security.

HTX will take concrete steps to ensure that user assets on the platform remain at the forefront of industry standards. HTX will introduce more security tools and technologies for the timely detection and prevention of potential threats in the future. Collaboration with leading security audit firms for regular audits and swift issue resolution is another facet of their strategy. Lastly, additional security updates, including updates to custodians or institutions, will be implemented.

Considering the multiple security incidents that have occurred in the cryptocurrency industry, Sun remarked, "Past experiences have taught us that security is an ongoing race, where we must continually adopt measures to ensure the security of user assets and fortify our security defense."

Addressing community doubts regarding the incident being a marketing stunt orchestrated by HTX, Justin Sun categorically dismissed such claims. He affirmed that while HTX has previously hosted attention-grabbing marketing events, the platform's unwavering commitment to security and the sanctity of user assets means they will never exploit a security incident as a marketing ploy.

Sun continued to reiterate the importance of security throughout the live stream, emphasizing, "Security is an eternal concern, and we will always prioritize the safety of user assets."

About HTX

Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies – "global development, technology drives development, and technology for good" underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts.