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What’s the NFT game Tencent & Alibaba Rush into?

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In June 2021, Alibaba and Dunhuang Arts Institute jointly released two NFTs, Dunhuang Flying Sky and Nine Color Deer App skins, which were limited to 16,000 in the world. The works were looted as soon as they were released.

On June 26, 2021, NetEase and Nervina Labs released their first NFT work on Taobao.

On August 3, 2021, Chinese tech giant Tencent’s  NFTs trading platform -Huanhe launched 300 copies “Vinyl Record NFT” authorized by TV program “Thirteen Invitations”, and sold out instantly.

Chinese giants’ capital is vying to chase, and it’s so fierce. So far people can’t help asking, what is NFT?

Meet NFT

NFT is short for Non-fungible Token,which is relative to the concept of Fungible Token (FT), each NFT has a unique and only identification, which is not interchangeable, and the smallest unit is 1 and indivisible.

Generally, BTC, ETH, etc. we familiar with are Fungible Token. For example, BTC everyone owns is same, it’s interchangeable with each other, can also be divided into 0.1, or 0.01 without affecting the value and use.

NFT represents indivisible and non-interchangeable items in reality, such as a real estate certificate, a famous painting, a piece of game equipment and so on. They are all unique, and completely lose their value and practicality after being divided. The most typical are collectibles and artworks. These products with non-fungible genes are digitized and tokenized using blockchain technology, and they have become popular NFTs today.

NFT is one and only

Economics stipulates that currency is a unity equivalent and a carrier of consensus on value. In modern society, personal wealth is no longer measured by currency holdings, but includes the value and quantity of assets under his name. Its assets include but not limited to items with market value such as houses, cars, stocks, etc. In most case, the value carried by an asset often far exceeds the value of the cash value they hold. However, real assets have two major shortcomings: poor liquidity and high cost of confirmation. For example, the determination of the right of a house needs to rely on the registration of the Housing Management Committee to determine the ultimate ownership of the house.

But in the blockchain world, the assets we currently have are BTC, ETH with currency attributes. After meeting demand for monetary assets, a value medium of non-monetary assets will naturally emerge, and this is NFT. Relying on the decentralization, immutability and cryptographic authentication of the blockchain, NFT solves a series of problems of real assets:

• The asset is unique and cannot be faked

• Strong liquidity, real-time trading;

• Cryptography is the confirmation and cannot be tampered with.

In addition, NFT also has features that cryptocurrency does not have. Its unique features can be used for identity certification, item ownership certification, virtual props, etc. NFT makes crypto assets more practical, enabling users to expand the utilization of valuable assets in the form of NFT, and is protected by blockchain technology.

NFT Boom Out

NFT is not a new thing born this year, it has made any public appearances early in 2017, but more regarded as a niche thing within Ethereum.

So, what is the real important promoter of NFT out of the circle?

First, let’s ask a question: How much would a digital picture be? The answer is $69.3 million!

On March 11, 2021, an unknown artist Beeple collaged his daily art work for the past thirteen years into a digital picture called “everyday: the first 5000 days”. At Christie’s, it was sold for $69.3 million, which shocked the world.

Overnight, NFT became the outlet. This 40-year-old American painter also made great fortune overnight. The popularity of NFT has caused a huge sensation in many fields such as art, venture capital, and finance.

Commercial filed such as NBA, Samsung, McDonald’s, Marvel, movie stars, etc. are all releasing their own NFT products, and venture capital industry such as Three Arrows Capital, Signum Capital, NGC Ventures, Coinbase, etc. have begun to invest in this field. Internet giants such as Tencent, JD, Facebook, Twitter, etc. are all laying out the NFT battlefield. The opportunities and challenges brought by NFT are more than that brought by the mobile Internet to the Internet.

From the perspective of business history, iPhone, Amazon, Microsoft, etc. were initially used by industry insiders. After going out of the circle by marketing, products, and the trend of the times, the entire society began to accept them, and they evolved from product for a specific group into mass infrastructure. Although the development of NFT is still at an early stage, the boom out of NFT will continue the historical trajectory and accelerate the application of blockchain technology. It is of great significance for promoting the digitalization of society.

NFT Bright Future

Except crypto artworks, will NFT have wider applications? We can find that NFT will be widely used in the future. For example, the recent popular NFT+DeFi and NFT+game, as well as the concept of meta-universe, are inseparable from the future development of NFT. The physical application of NFT will solve many problems for the society, such as: 

First, intellectual property. NFT can represent a painting, a song, a patent, a film, a photo, or other intellectual property rights. NFT can help each unique thing to register the copyright and help it identify the patent.

Second, physical assets. Real estate such as houses and other physical assets are digitized through NFT. It can be used in financial markets such as the circulation of assets.

Third, records and identification. The unique features of NFT, can be used to verify identity and birth certificates, driver’s licenses, academic certificates, etc., to prevent abuse or tampering.

There will be many physical applications of NFT in the future, which will surely solve various practical problems for the society. Presumably this is the ultimate goal of various giant capitals. As the world’s first physical digital economy token trading platform-BtLux Exchange focuses on the implementation of blockchain scenarios that are closely related to people’s lives.

Different from other cryptocurrencies with no entity value support, BtLux regards the underlying innovation of the blockchain as an important breakthrough in the independent innovation of core technology, and takes the use of blockchain to trade, calculate, and record to promote real economic activities on the chain under supervision. At the same time, realize the market operation and value management of digital assets after the certification, redefine the interest distribution relationship of producers, consumers and participants, and form a brand new financial and business model.

Soon, BtLux will accelerate the integration of NFT and physical enterprises based on years of experience in the implementation of blockchain physical scenarios, provide top-level business architecture design and digital economic model design for physical enterprises, and jointly build “blockchain” + “new ecology”, So that participants in the entire chain can benefit. It would bring tangible benefits to the real economy and the entire society, and be widely recognized by the society, making digital currency a living water, flowing in the real economy, and bringing benefits to the real economy more vitality and new power.

NFT is a new world brought about by the technological explosion era, and the digitalization process of the real world in the next ten years will also be greatly accelerated. In the future, only when NFT accelerates the deep integration of the real economy and the digital economy, the technological value of the blockchain will gradually emerge in this process. It will be able to bring new business models and reconstruct distribution models, market structures, organizational forms, and industry relationships to promote human beings to a new era of digital civilization, and in that, BtLux will become an indispensable promoter.

BtLux Official website: https://www.btlux.top/

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Press Release

Spicing Up His Rap Game, Adept Rapper Vandes Jackson Releases New Video For ‘Do What I Can’

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Vandes Jackson

Rapper Vandes Jackson is bringing his game of rapping to the newly released music video of ‘Do What I Can’ consisting of lyrical plays and dynamic composition.

Los Angeles, California Mar 28, 2024 (Issuewire.com) – Versatility is one of the greatest virtues of a singer that makes him different from all the other peers in the industry. It is the ability to give something different and unique with every release that makes the game more interesting. Rapper Vandes Jackson is one of a kind and oozes versatility. His new music release, the official video of Do What I Canstands the ground for his insane versatility. His unique ability to offer something completely different to the audience with every release is something that makes him and his musical craft unparalleled in the music industry. In the video, he has shown his skills of being a rapper, paired with some entertaining wordplay and lyrics that make the composition even better. It is not just his writing skills or his talent for storytelling through music, but his vocals are equally enchanting in the music video, making the audience love it even more.

Vandes Jackson has an amazing screen presence that it is hard to shift focus somewhere else when the rapper is on screen, rapping in his full glory. Critics have already commented how this release is one of the best of the rapper yet, claiming that this shows the most captivating and most talented side of the musician. The music video also does a great job of showcasing the rapper in his grandeur, focusing on not just his talent for rapping but also his insanely good looks and style statement. Dressed in some of the most attractive streetwear, the rapper was stealing the show throughout the video, even though it still featured an extremely gorgeous lady as his love interest. The visuals included the singer getting cozy with the female lead while some shots of the rapper performing in the studio. The video is kept simple which helped the audience shift their focus to the music and the lyrical content.

‘Do What I Can’ is available on YouTube and has already gathered more than three thousand views, showing the audiences’ support for the artist and his craft. Jackson is not just a captivating rapper but also a successful producer who exemplifies remarkable versatility as both. His ability to showcase a multifaceted talent that spans across various genres and creative realms has found its solid proof through this music video. You can check out the video on YouTube along with some of his previous releases like ‘Sam Siesta’, ‘Rage Baby’, ‘Genius (feat. SouthEast!)’, ‘Playground’, etc. Find his music on Apple Music, and Spotify, and follow him on Instagram, and X for more updates.

Just go for this music video ‘Do What I Can’ by Vandes Jackson:

https://www.youtube.com/watch?v=huzGspO2T-s

Media Contact

Music Promotion Club

[email protected]

https://musicpromotion.club

Source :Vandes Jackson

This article was originally published by IssueWire. Read the original article here.


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Press Release

CoinRaffle.io Unveils Innovative Platform for Secure and Fair Decentralized Raffles

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Willemstad, Curaçao, 29th March 2024, ZEX PR WIRE, The CoinRaffle.io project has proudly launched its utility-focused platform, which relies on decentralized technology. This innovative solution enables projects to host community raffles with ease, transparency, and fairness. 

CoinRaffle.io is making crypto more engaging and empowering projects with its easy-to-use dApp. Creating raffles, boosting token utility, and automating token burning has never been simpler.  

Unlocking New Dimensions of Token Utility

The core of CoinRaffle.io is its advanced smart contract technology, which ensures fairness in selecting random winners. With audited contracts and immutable blockchain records, CoinRaffle.io provides transparency and security for all participants. 

The platform’s solid integration with multiple blockchains facilitates accessibility to many users. The project allocates tokens as prizes to incentivize community engagement and boost token utility. 

Developed by VTS Blockchain Engineers for CoinRaffle Inc., the platform represents the future of decentralized community engagement. It unlocks new dimensions of token utility, combining growth and practical usage. 

With upcoming features such as Ethereum, Optimism, and Solana support, CoinRaffle.io continuously evolves to meet user needs. 

Transforming Community Engagement with Decentralized Raffles

Creating raffles has never been easier with CoinRaffle’s user-friendly interface. Specifically, here is what users will need to do to create their raffle:

  • Give a name and specify the token contract address, blockchain, and amount of tokens.
  • Participants send tokens to the RaffleFund address generated upon clicking “Generate Raffle.”
  • Specify the end date and optional links for the reference project.

After agreeing to the terms and to the privacy policy, users can click “Generate Raffle” to create it. In order to ensure fairness, distribution rules include percentages for the winner, team wallet, and burn.

As a service fee, 2.5% of the raffle funds will go to CoinRaffle. Users can view past raffles in “My Raffles” by connecting their wallet to the platform. The dApp is compatible with over 380 different wallets, making it accessible to all. 

About CoinRaffle.io

CoinRaffle.io is a new platform offering a unique approach to community engagement in the crypto space. With a focus on token utility and automated token burning, it aims to empower crypto projects and enthusiasts.

The platform provides a cutting-edge decentralized application (dApp) for creating and managing raffles, making community engagement more dynamic. This creates new dimensions of token utility for projects, with customizable raffles and increased value propositions.

Transparency and security are key values at CoinRaffle.io. The platform ensures trust through smart contract audits, while its non-custodial architecture keeps funds secure. In addition, a 24/7 Telegram Technical Support Chat is available for assistance.

Anyone wishing to discover more about CoinRaffle.io can visit the platform’s website. The social pages listed on the website (and below) also offer regular updates and announcements. 

X (Twitter) | Telegram

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Evolving Digital Innovation: Qubic’s Journey Toward True AI

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Tallinn, Estonia, 28th March 2024, ZEX PR WIRE, Qubic embarks on a transformative journey to empower global innovation with the potential of True AI. Embracing its vision, Qubic leverages an expansive computing network to redefine the landscape of artificial intelligence, moving beyond the traditional Proof-of-Work process to introduce a useful-Proof-of-Work (uPoW) concept. This innovation ensures that every computational effort directly contributes to AI development. At the heart of Qubic’s efforts is Aigarth, an advanced AI system that symbolizes the platform’s goal to grant universal access to the most sophisticated AI capabilities available. Aigarth analyzes data from AI miners to construct billions of neural networks, thereby mimicking the complexity of a human brain.

In alignment with its mission to establish the premier open-source AI infrastructure, Qubic functions as a unique decentralized network governed by Quorum consensus described by Nick Szabo. Qubic Network is run by 676 validators, called ‘computers’. These roles range from executing smart contracts and ensuring network security to managing feeless transactions. Through this robust infrastructure, Qubic not only facilitates smart contract executions with exceptional efficiency but also boasts the ability to process more than 40 million transfers per second (TPS) on the smart contract level. This remarkable capacity stands as a testament to Qubic’s dedication to creating a high-performance computational AI network that acts as the foundational support for True AI development, providing swift, secure, and scalable solutions for AI integration.

A standout feature of Qubic’s platform is its novel approach to Initial Public Offerings, known as Qubic IPOs, which draws inspiration from the auction-based IPO method first introduced by Google. Unlike traditional fundraising, Qubic IPOs allow users to invest directly in smart contracts, becoming stakeholders in the technology itself. This novel approach democratizes investment in blockchain technology, offering participants a direct share in the success of groundbreaking projects. The platform’s take on Initial Public Offerings results in each smart contract in the Qubic network getting an IPO for its 676 shares. Qubic users can fund a smart contract by purchasing one of these shares.

The $QUBIC coins used to fund a smart contract are locked up and burned, reducing the coin’s circulating supply and covering the contract’s execution costs. Users funding a smart contract become shareholders and earn passive income from contract fees. The contract is self-sustaining until the locked $QUBIC is depleted. At this stage, a portion of the shareholder fees funds further execution. It’s worth noting that the first three smart contracts executed on Qubic burned over 10.5 trillion $QUBIC of the capped circulating supply of 1,000 trillion coins.

Qubic’s founder, Sergey Ivancheglo, also known as CFB, recently commented on the software’s efficiency:

“The program gauging functional power of the new #Qubic mining algo used by #Aigarth for #AI training has just finished its computations. “Terrific” in all its meanings suits the best to explain the result. I’ve never seen such a powerful yet very simple construction of an #ANN!”

 About Qubic

Qubic is a community-driven project, entirely open source and under anti-military license. It was founded by Sergey Ivancheglo, also known as Come-from-Beyond, the creator and co-creator of the first full PoS & DAG protocol (NXT & IOTA). The platform launched its mainnet in Q2 of 2022 and has grown a loyal community of over 88,000 members and over 500,000 miners.

Qubic comes from the acronym “QBC,” which stands for “Quorum-Based Computor.” The platform stays true to this term by providing fair, consensually-reached smart contract execution, ensuring only useful and legitimate contracts are added to the network. One of the standout features that could lead to its mainstream adoption is the fact that all transactions on the Qubic protocol are feeless. Also, the votes from 451 Computors (The Quorum) are reliable for offline payment verification. Ultimately, quorum-based computations, cost-effective transfers, and record-breaking TPS speeds enable participants to enjoy a lucrative and user-friendly experience.

You can learn more about Qubic by following these links:

Official Website | Telegram | X (Twitter) | Discord | LinkedIn | YouTube

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