SOLIS launches the first decentralized ‘Hollywood’ ecosystem

SOLIS, an entertainment token-based ecosystem that uses the power of Non-Fungible Tokens (NFTs) and blockchain technology to connect content creators and their communities, has launched the first decentralized entertainment ecosystem. With the help of a multi-company network, SOLIS offers an expansive ecosystem that allows collaboration and content creation between creators, audiences, investors, brands, and talent.

SOLIS team led by its Co-founders Brendan de Kauwe and Brett Claywell has a friendly relationship with Hollywood that had helped them to enter into a new generation of creative exploration that offers revenue-generating opportunities.

Besides, Solis NFT marketplace delivers interactive content that develops an ongoing dialog with the community in an exclusive and inventive way that is unique from feature films to daily episode content.

SOLIS mission

SOLIS aims at providing the necessary evolution to the entertainment industry by transforming the traditional financial model that has been stagnant for decades. 

With the help of $SOLIS, the soon-to-be-launched utility token, SOLIS will be able to achieve all the necessary tools for talent and producers to take full control of their narratives together with their community.

Additionally, SOLIS provides all-inclusive systems and a rich content ecosystem that is accessible by consumers and content creators across the globe.

SOLIS features

SOLIS has SOLIS Studios that develops and invests in feature films with successful producers, titles, and talent.

It also has HMBL House which produces impactful and great content that involves live streaming audiences. The audience can raise funds and awareness for charity works.

SOLIS Labs is like a technological glue that enables content creators to engage communities with their best content.

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Anchor Protocol price prediction as TVL crawls back to $20 billion

The Anchor Protocol price is still under pressure even after its market activity did relatively well. The ANC token is trading at $1.7100, which is slightly above this month’s low of $1.5855. It remains being about 72% below the highest level this year, bringing its total market cap to over $587 million.

Anchor TVL is rising again

Anchor Protocol is a leading blockchain project that is in the decentralized finance (DeFi) industry. It is a lending and savings platform that is known for delivering exciting rewards to its users.

According to its website, Anchor has a total value locked (TVL) of over $19.9 billion. Of these, the total deposits are more than $14 billion and a total collateral of more than $5.9 billion. The coin has a total yield reserve of over 198 million UST.

The Anchor Protocol’s performance has lagged in the past few months as investors reacted to the introduction of the semi-dynamic earn rate. This simply means that the coin’s earn rate will be adjusted every first day of the month. 

Learn more about how to buy cryptocurrency.

The built-in system updates the APY by + or minus 1.5%, with the ceiling being 20%. This system depends on the yield reserve. For example, if the yield reserve rises by 1.5%, the earn rate will also rise by 1.5%. 

On the other hand, if the reserve rises by 3%, the earn rate will also rise by 1.5%. Many investors believed that this system was. On Sunday, the official Twitter account announced that the APY for the protocol for this month is about 18%.

The Anchor Protocol is also falling as investors react to the latest Prop 25, which increased the oracle timeout from 60 to 90 seconds. 

Anchor Protocol price

The Anchor Protocol price has been in a strong bearish trend in the past few months as concerns about returns remain. The coin moved slightly below the upper side of the descending channel. It has also moved slightly below the 25-day and 50-day moving averages while the Stochastic Oscillator has moved slightly below the overbought level. 

Therefore, the ANC token will likely resume the downward trend as bears target the lower side of the descending channel at $1.45. A move above the resistance level at $1.8 will invalidate the bearish view.

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