Schlagwort: crypto business

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Top 3 crypto coins in the music and entertainment niche

Blockchain technology has vast applications. Whether it’s ushering in an age of decentralized finance or providing an easy way for people to stream music, there are so many projects these days that try to leverage the power of decentralized systems. Music and entertainment, in particular, have become popular in blockchain, and here is why:

  • Decentralized systems cut off intermediaries in music distribution.

  • These systems also allow content creators to reach audiences directly.

  • The blockchain also offers several verticals for earning money from content.

For investors who want to add some music and entertainment related coins into their portfolio, here are 3 options to consider:

Audius (AUDIO)

Audius (AUDIO) is a music streaming decentralized platform designed to give creators full access to the market without going through intermediaries. Think of it as Spotify on the blockchain. 

Data Source: Tradingview 

The last few months have been quite eventful for Audius. It has seen increased growth and investment from several big-name players in the industry. The future of streaming on the blockchain is also bright, and Audius is hoping to play a key part in shaping up that future.

Ultra (UOS)

Ultra (UOS) is a blockchain-based gaming and music streaming platform as well. It is created to help creators share their games, music, and other forms of entertainment directly to customers without going through any third parties. Ultra is a fairly new project, and as such, it offers the very real potential of serious growth in the future.

Tune.FM (JAM)

Tune.FM (JAM) is a tokenized marketplace that allows musicians to stream their work and earn instant revenues. It also offers a series of tools that will make it easier for content owners to track copyrights and associated royalties within the blockchain ecosystem. Tune.FM is hoping to become the go-to platform for decentralized music sales and so far, it is slowly and surely getting there.

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Unlocking long term value in crypto: Top coins to buy

The volatility of the crypto market can be very dangerous for short-term trades. However, it is possible to get very decent returns on capital if you decide to focus solely on long-term plays. In fact, most coins in the market will always deliver value over time. Here is what to look for in long term coins:

  • Check the underlying business structure and product.

  • The project needs to have deep-pocketed and serious investors or backers

  • Ensure the coin also has some trade volume as well.

With that said, we thought it would be nice to pick out at least 3 coins that could help you unlock long-term value in crypto. Here they are:

Elrond (EGLD)

Elrond (EGLD) is a promising blockchain designed to address the key challenges associated with older chains like Ethereum and Bitcoin. The platform offers fast, low-cost, and highly efficient transactions. 

Data Source: Tradingview 

It is seen as one of the main challengers to Ethereum’s dominance. Over the last few months, Elrond has been getting a lot of investment and ecosystem funds to help expand its reach. It is an asset that has the capacity to offer incredible long-term value.

Harmony (ONE)

Harmony (ONE) is also another blockchain project that was built to help facilitate the creation of innovative DAPPs. It is designed to promote low gas fees, faster speeds, and ease of use among the community. The Harmony project has been around for several years and still remains a high potential coin for the long term.

Compound Finance (COMP)

DeFi is expected to become a very central part of the blockchain industry. Compound Finance (COMP) is one of the newer, more promising projects in DeFi that has the potential of going even further. It’s one of those coins that you buy and hold for a few years. The value unlocked here will be quite impressive.

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Bitcoin of America adds Dogecoin to ATMs

Bitcoin of America, a money services business and popular FinCEN-registered virtual currency exchange, has added Dogecoin to their Bitcoin ATMs (BTMs), PR News Wire reported in a press release. Dogecoin is currently available at all Bitcoin of America ATM locations.

Thousands of BTMs in 31 states  

Bitcoin of America has more than 1800 BTMs across 31 states. Recognizing the rising popularity of Dogecoin, they decided it was time to include it in their platform. The business added Ethereum in October 2021.

Bitcoin of America also offers Bitcoin and Litecoin options at their BTMs and online. You will find the closest one to you by visiting their website and entering your address.

Introducing the Universal Kiosk

The virtual currency exchange has upgraded its machines and services several times over the past year.

In May 2021, they launched their new Universal Kiosk, which combines the functions of a Bitcoin ATM and a traditional ATM. It has three main functions.

You can buy crypto with cash and sell it for cash. There is also the conventional function of dispensing cash from a debit card.

Store owners can earn extra income

Store owners who want to earn extra income or have an interest in crypto can take advantage of Bitcoin of America’s host program. The company provides them with increased foot traffic, passive income, and marketing. It can also take care of customer support, installation, and maintenance.

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Polkadot parachains launch a $250M ecosystem fund

  • The aUSD Ecosystem Fund brings together several Polkadot parachains, including Manta Network and Acala.

  • Together, the projects seek to support early-stage startups promoting the adoption of Pollkadot’s native stablecoin, Acala USD

  • aUSD, the main product on the Acala chain, is a decentralised, multi-collateral stablecoin backed by crypto.

Manta Network, Acala and seven other Polkadot parachain have teamed up to launch a $250 million ecosystem fund targeted at supporting stablecoin use on Polkadot and Kusama parachains.

Dubbed ‘aUSD Ecosystem Fund’, the financial initiative is set to help early-stage startups in the Polkadot and Kusama ecosystem build strong projects that support the adoption of native stablecoins.

Interoperability benefits the whole Polkadot ecosystem

Apart from Manta and Acala, other parachain teams to contribute to the fund are asset financing protocol Centrifuge, NFT and gaming platform Efinity, WASM + EVM hub Astar Network and Ethereum interoperability protocol Moonbeam. 

Others are DEX chain HydraDX, DeFi multichain Parallel and predictions marketplace Zeitgeist.

Manta Network co-founder Kenny Li, commenting on the importance of the fund to the Polkadot and Kusama ecosystems, said:

“We’re excited to be supporting the aUSD Ecosystem Fund and look forward to integrating privacy into the emerging use cases and projects coming out of it. With Polkadot’s native interoperability, every new idea launching in the ecosystem is another value add to all parachains‚ “. 

DEXs and DAOs among targeted projects

The fund is open to startups with Solidity or Substrate-based applications, including payment solutions, money markets, decentralised exchanges (DEXs), derivatives, DAOs, and asset managers among others.

The parachain teams are confident cross-chain activity in the Polkadot ecosystem will push aUSD into broader adoption, benefitting all the parachains in the process. 

Acala Network, Moonbeam, Astar and Parallel are scheduled to outline their respective development milestones since onboarding on Polkadot later on Wednesday. The projects will also share future developments during the Parachains Takeover event.

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Loopring (LRC) price rallies over 39%: what is fuelling the surge?

Loopring (LRC) is currently rallying and has jumped by over 39% today and still maintains a bullish stance.

At the time of writing, Loopring was trading at, $1.17 after a slight retracement from a daily high of $1.21.

In this article, we shall look at what is causing the price of LRC to rise.

Why is Loopring’s LRC price rallying?

Before we take a deep dive into the current LRC price surge, it is important to first explain what LRC is.

In a nutshell, LRC is the native token of the Loopring protocol, an open protocol designed to build a decentralized exchange (DEX) for cryptocurrencies.

LRC is its Ethereum-based token.

Now, onto what is fuelling the current LRC price hike, and there the main factor propelling the price of LRC upwards is Loopring’s partnership with GameStop.

Loopring’s partnership with GameStop

Loopring has partnered with GameStop NFT marketplace to launch the GameStop NFT marketplace; something that has definitely led to a lot of excitement within the Loopring community and LRC token holders.

Loopring has joined Immutable X as an official partner of GameStop on its NFT Marketplace initiative. Immutable X partnered with GameStop’s NFT platform back in early February this year to enable “zero gas fees for trading and minting NFTs in a carbon-neutral environment”.

NFTs and the Metaverse, in general, have grown to become a force to reckon with around the world and they have become the center of attraction for digital ownership and gaming.

Loopring believes that many developers, users, and gamers have been left out because of the high costs. And to keep the players’ power blooming, there is a need to have a new world that is cheap, fast, and secure to its customer. The GameStop NFT marketplace will ensure that all users get the best digital property rights that are anchored by a decentralized, secure, and credible neutral environment (Ethereum).

According to reports, over 1 million NFTs have already been minted on the GameStop NFT marketplace after the launch.

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