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Elastos Creates World’s First live Music Inscription on Bitcoin at Token 2049

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Partnering with YeloPlay and BeatFarm Elastos shows the potential of the New Age of Bitcoin, Creators and Artists can eliminate intermediaries, reduce fees, retain ownership and drive immediate revenue.

Singapore – 20/09/2024 – (SeaPRwire) – Elastos, a SmartWeb ecosystem provider, today created the World’s first live music inscription at its Asia OnChain Real World Assets (RWA) event at Token 2049. Elastos, part of the Group supported by the Singapore headquartered Elastos Foundation, used its eScription technology to create a recording that was not only inscribed live to Bitcoin and the Elastos Smart Chain (ESC) but now remains available to artists and fans for all time as a minted collectible of the occasion. This is a significant example of the New Age of Bitcoin, where artists and creators can eliminate intermediaries, reduce fees and drive immediate revenues, while retaining an immutable record of their work.

This first recording was supported by Elastos partners, YeloPlay, a Web3 platform with a catalog of Indian and Sri Lankan soundtracks, film scores, and hits and BeatFarm, a transformative music industry platform focused on the development of new inscription technology and blockchain-based music consumption models. Today’s demonstration is a significant moment in showing the potential for Bitcoin and the Bitcoin infrastructure to deliver a new economic model. The song being inscribed is Back to the start composed and performed by Mike De Zilva, Kat Sonata and Charth Fernando.

ESC Transaction: https://esc.elastos.io/tx/0x79c7133488539c63d1fcf81bff6a8826a4df40c14fdd4eae73fb9b0072e8b411/internal-transactions

Bitcoin Transaction: https://mempool.space/tx/e947500f21340a2760ef3c00f54f52ae7f2524bfd6ce2658dceb5dba4dc86729

BeatFarm enables this inscription by inscribing an Ordinal on Bitcoin and an eScription on ESC, which is attractive to Bitcoin holders as it maintains the benefits of the currency’s security and integrity to protect their investment. For creators and artists, it means Bitcoin owners can easily use their currency without bridging, wrapping or otherwise interfering with the Bitcoin layer. The inclusion of ESC is important, as it avoids network congestion and additional fees that would otherwise result, allowing users to establish Smart Contracts on their own terms, ultimately becoming an attractive alternative way to commercialize content.

Jonathan Hargreaves, Global Head of Growth, Elastos explains: “This is a key moment for Web3 models and the music industry as for the first time an instantaneous record of a performance can be created and monetized using Bitcoin and crypto technologies. This gives artists ownership rights and control, as well as a direct relationship with their fans cutting out intermediaries and their fees. This approach has the potential to transform how music is made, consumed and stored, empowering everyone to enjoy and cherish the creative product.”

One interesting aspect of the Elastos BIT Index is that BRIC nations and the Global South are moving quicker to embrace Bitcoin. For example, 24% of tech-savvy Indian consumers and 26% of UAE respondents use Bitcoin every day as their currency of choice compared to the global average of 18% while only 11% of Germans, 13% of UK respondents, 14% of South Koreans and 15% of US tech-savvy consumers are prepared to do the same. Furthermore, 91% of Nigerians and 90% of Indians see a time when Bitcoin could become a type of ‘default’ current compared to only 70% in Germany and 73% in the UK and South Korea, and 75% in the US. Therefore, it is perhaps no surprise that YeloPlay, whose back catalogue includes material from some of Sri Lanka’s most famous artists such as Roshan de Silva, Mariazel Goonathilaka, Nalin Perera, Mike De Zilva, Shane Vincent, and Joel Fernando, has participated in this project.

Jonathan Hargreaves continues: “Although today’s first live inscription signals both a technological and creative revolution, it also enables cultural renaissance where artists from anywhere in the world, such as these Sri Lankan and Indian artists supported by YeloPlay, can experience new artistic and economic opportunities. It means every community can promote and share a unique cultural record by preserving it on the Bitcoin infrastructure forever.”

Beatfarm’s Co-Founder, Alex Panos shared: “Crucial to this revolution, BeatFarm is providing artists the tools and resources to control their content, collaborate, and take advantage of new ways to connect with their super fans in ways which we haven’t seen before, supporting communities and social media movements who want to share musical culture.”

Mike de Zilva, Founder and CEO of YeloPlay, describes completion of the live eScription as a milestone for the creative and music industries:

The Worlds first live eScription, literally, signals the moment when artists regained control over their creations – its massive. And its not limited to content, Bitcoin-backed eScriptions will enable artists to develop and define completely new relationships with their audiences, incentivising super fans, for instance, with exclusive content, access and experiences. All on the artists terms, says Mike.

About BeatFarm

BeatFarm is a Web3 music distribution platform that enables artists to mint and inscribe their music onto multiple blockchains simultaneously, while also connecting directly with their superfans. BeatFarm aims to democratize music distribution by leveraging blockchain technology to provide artists with unprecedented control over their work and direct access to their fans.

For more information, please go to: https://beatfarm.io/

About Elastos

Elastos is a public blockchain project that integrates blockchain technology with a suite of reimagined platform components to produce a modern Internet infrastructure that provides intrinsic protection for privacy and digital asset ownership. The mission is to build accessible, open-source services for the world, so developers can build an internet where individuals own and control their data.

The Elastos SmartWeb platform enables organizations to recalibrate how the Internet works for them to better control their own data.

Social Links

LinkedIn: https://www.linkedin.com/company/elastosinfo/

Media Contact

Company: Elastos

Contact: Roger Darashah

Email: roger.darashah@elastoselavation.org

Website: https://elastos.info

SOURCE: Elastos

 

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

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Press Release

China-Europe Industrial Innovation Zone: Creating a model zone for China-EU cooperation

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2024 marks the 21st anniversary of establishing a comprehensive strategic partnership between China and Europe, China-EU relations are showing good momentum of consolidation and development. China looks forward to the EU becoming a key partner in pursuing Chinese modernization, sharing opportunities in its vast market, institutional opening-up, and deepening international collaboration.

Wuxi, a core city in the Yangtze River Delta urban agglomeration, has attracted investments from European companies such as AstraZeneca, Bosch, and Siemens since China’s coastal opening up. The city has opened up China-Europe freight train services and direct cargo routes to Europe, fostering deepening economic and trade cooperation—Wuxi High-tech Zone, located in the hinterland of the Yangtze River Delta with convenient transportation links. Since becoming a national high-tech zone in 1992, it has incubated a robust ecosystem of technological innovation, housing numerous postdoctoral workstations, listed companies, and high-tech enterprises. Ranked 4th among China’s top 100 districts for high-quality development and 18th among 177 national high-tech zones, Wuxi High-tech Zone stands out as a beacon of growth.

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In November 2023, the Wuxi China-Europe Industrial Innovation Zone was officially launched.

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As an open window for China-Europe cooperation, the China-Europe Industrial Innovation Zone aims to promote high-level openness, serving as a platform for sharing opportunities globally, a bridge for deepening EU collaboration, and a forefront for innovation in China-Eu partnerships. By the end of 2023, EU countries states had invested in 166 projects in the Wuxi High-tech Zone, with a total investment of €15 billion. In 2023 alone, these projects generated sales revenue of RMB 118.23 billion and contributed RMB 8.18 billion in taxes.IMG_256

Spanning a total planned area of 24.5 square kilometers, the China-Europe Industrial Innovation Zone is situated in the Meicun area of the Wuxi High-tech Zone. The core area covers 7.7 square kilometers, with the initial development area along both sides of Xinhua Road spanning 1.15 square kilometers. Anchored in Meicun Street, the zone aims to become a model for China-Europe cooperation, providing a premium platform for the Wuxi High-tech Zone and the city of Wuxi to strengthen international collaboration. The first phase of construction has already reached the structural topping-off stage and is expected to be completed by March 2025.

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Building on Wuxi High-tech Zone’s solid foundation of international industrial cooperation, the China-Europe Industrial Innovation Zone adheres to a philosophy of integrated development of science, industry, and urbanization. It is actively developing four international cooperation sub-parks: the China-Germany International Cooperation Industrial Park, the China-France International Cooperation Industrial Park, the China-Switzerland International Cooperation Industrial Park, and the China-Israel International Cooperation Industrial Park.

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The China-Europe Industrial Innovation Zone targets an annual output value of RMB 160 billion and tax revenue exceeding RMB 8 billion. It aims to attract at least 30 European “hidden champion” enterprises, including over 10 multinational company headquarters. The zone will construct more than 500,000 square meters of innovation facilities and jointly establish at least three European industrial technology transfer centers. Efforts to attract major China-Europe cooperative projects are being intensified, with key EU-related projects such as Legrand, AML Systems, Schneider Electric, Faurecia, and Siemens accelerating their presence in the zone. The future focus will be on cutting-edge EU technologies and innovations, optimizing industrial structure and layout to position the zone as a leading provincial-level economic development zone, Wuxi High-tech Zone’s preferred industrial destination, and a top-tier international industrial cooperation zone renowned across China and the Yangtze River Delta.

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Press Release

Kumip Emerges as one of the Top Cryptocurrency Exchanges Offering Innovation, Speed, and Security

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Kumip.com has empowered over 3 million traders globally with cutting-edge tools, lightning- fast execution, and institutional-grade security

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Participating in cryptocurrency trading means handling finances and requires accuracy, security, and the possibility of rewards in a constantly changing environment. Kumip.com, a popular cryptocurrency exchange, is driving this revolution by transforming the industry through advanced technology and user-focused features as a global cryptocurrency trading platform. Kumip has emerged as a trustworthy partner for traders in the rapidly evolving crypto markets, with over 3 million active users, handling more than 61 million transactions, and producing a daily turnover exceeding $173 million.

Kumip: A Cryptocurrency Exchange Built for Excellence

Kumip’s core is based on creativity, quickness, and a solid dedication to user safety. Kumip provides a varied set of tools and features to both novel and experienced traders, intending to simplify trading and address the unique challenges of the cryptocurrency business.

Kumip is transforming cryptocurrency trading by providing fast order processing, a diverse portfolio of assets, and advanced trading tools.

Unparalleled Features That Drive Success

Ultra-Fast Matching Engine

Speed is paramount in cryptocurrency trading, and Kumip delivers. It has a fast-matching engine that can process over 100000 transactions per second, with a latency of below 0.01 ms. This means that trade is done effectively as much as possible; this is ensured more so when there is intense market volatility.

Comprehensive Asset Coverage

Kumip offers a diverse selection of cryptocurrencies in comparison to its industry counterparts. Thus, via the platform, the user can diversify their investment portfolios and search for new productive points within the cryptocurrency market, which can include both traditional assets like Bitcoin or Ethereum and ‘alternatives.’

Advanced Trading Tools for Every Strategy

Kumip empowers its users with tools designed for precision and flexibility:

  • Limit, market, and stop orders for tailored trading approaches.
  • Engaging in margin trading with leverage of up to 150x offers experienced traders the opportunity to access significant growth potential.
  • Instant notifications for liquidation and risk management systems that instill trust in rapidly changing markets.

Institutional-Grade Security Measures

Security is the cornerstone of Kumip’s operations. The platform employs a multi-layered security protocol that includes:

  • Cold storage solutions safeguarding 99% of user funds.
  • Multi-signature wallets are used to enhance transaction security.
  • AI-powered systems for detecting threats are created to recognize and mitigate possible dangers before they become reality.

Yield Farming and Staking Opportunities

Kumip offers yield farming across multiple DeFi protocols for users seeking additional earning avenues. Investors also have a choice of strategy and different holding periods to enter Bitcoin, and they can also extract returns by investing in it.

AI-Powered Trading Bots

Kumip’s trading bots, powered by AI, enable traders to automate their strategies. These bots analyze current market conditions extensively and execute trades very accurately, making them crucial for users wanting to improve efficiency.

Peer-to-Peer (P2P) Trading

Like other centralized exchanges, Kumip offers a commission-free platform that lets users buy and sell cryptocurrencies to each other. A reliable escrow service and multiple payment options guarantee safe and flexible trading on a worldwide level.

Deep Liquidity Pools

Liquidity is crucial in achieving competitive rates and reducing slippage. Kumip’s extensive liquidity pools ensure an ideal trading environment for both retail and institutional traders. Participants have the option to contribute as liquidity providers, receiving incentives as they help maintain the platform’s ecosystem.

Revolutionizing Financial Management in the Digital Era

Beyond trading, Kumip is redefining how users interact with digital finance through innovative tools:

  • Virtual credit cards for enhanced transaction flexibility.
  • Mobile banking integration for seamless asset management.
  • Secure transaction management systems aim to offer peace of mind to all users.

Kumip’s dedication to innovation guarantees that users can utilize the latest financial technology available in the market, positioning the platform as a leader in the cryptocurrency industry.

Transparent and Real-Time Market Insights

Kumip’s platform offers users live price tracking for popular cryptocurrencies, including:

  • Bitcoin (BTC): $97,800.01 (-0.496%)
  • Ethereum (ETH): $3,404.57 (-0.452%)
  • Ripple (XRP): $1.4811 (+0.968%)
  • Dogecoin (DOGE): $0.4274 (-2.344%)

Users can make informed decisions in a constantly evolving market utilizing current data.

Leading the Future of Crypto Trading

Kumip’s vision is to create a trading environment where innovation and security converge to meet the needs of every trader. By combining advanced technology, comprehensive asset coverage, and robust security, Kumip is not just keeping pace with the cryptocurrency revolution but defining it.

About Kumip

Kumip is a global exchange for trading cryptocurrencies, providing outstanding trading experiences with cutting-edge technology, extensive tools, and high-level security measures.

Kumip, with more than 3 million traders, is changing how people and institutions interact with digital assets.

For more information or to start trading, visit kumip.com.

Media Contact

Contact person: Andrew Lare

Company name: Kimip

Website: https://Kumip.com

Email: admin@Kumip.com

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Meet the Thai Visionary who is Catapulting Thailand into the Future of Digital Finance: Bitcoin as a Reserve Fund

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In a game-changing proposal that could reshape Thailand’s economic future, Worawat Naknaodee, or Acme, the visionary CEO of fintech giant Bitnance, is calling on the Thai government to embrace Bitcoin as part of its international reserve fund. Acme, a pioneer in the cryptocurrencies, believes that Bitcoin is no longer just a digital currency, but a force poised to transform the global economy. With Bitcoin’s market value surging to unprecedented heights, Acme argues that now is the time for Thailand to position itself as a leader in the digital age.

“Bitcoin is more than a currency,” said Acme. “It is a revolutionary technology that can drive the future of finance, and Thailand has the potential to lead this charge.” His proposal is to integrate Bitcoin into Thailand’s reserves to enhance economic diversification, improve resilience against global volatility, and ultimately fuel the country’s digital economy. This strategic move could place Thailand at the forefront of blockchain technology and digital currency adoption in Southeast Asia.

A Visionary Leader with Global Impact

Acme’s journey into the world of Bitcoin began over a decade ago, back when Bitcoin was still a niche concept. Since 2012, he has not only been an avid investor but also one of the largest Bitcoin holders in Thailand. His commitment to the cryptocurrency ecosystem has shaped him into a true thought leader in the space. Acme’s efforts have spanned far beyond investment: he has built a global portfolio worth billions, with notable stakes in real estate, fintech, and service industries in the UAE, particularly in Dubai with a total investment value of over 300 million US dollars covering luxury real estate, service businesses and Fintech services in 2023.

According to Sources Acme owns over 11 000 Bitcoins. 

In 2021, Acme solidified his place in the global fintech arena by launching ACT (ACET), a cryptocurrency coin that now boasts over 150,000 holders worldwide, with a total market value of more than $300 million USD. His extraordinary success is underscored by his global recognition, including an honorary doctorate in Finance from European International University, Paris—cementing his reputation as one of the top figures in financial technology.

Bitcoin’s Potential to Diversify and Secure Thailand’s Future

The call for Thailand to use Bitcoin as a reserve fund comes amidst a period of extraordinary growth for the cryptocurrency, with its value recently reaching a record high of $99,000 per Bitcoin. Acme envisions Bitcoin as an indispensable asset that can help Thailand diversify its financial reserves, improve economic stability, and lead the way in blockchain innovation. While the volatility and regulatory concerns surrounding Bitcoin are valid, Acme believes these obstacles are surmountable with proper education, infrastructure, and regulatory reform.

“Thailand stands at a crossroads,” Acme explained. “The future of money is digital, and Bitcoin is the key to unlocking the potential of a fully digital economy. By taking bold steps today, Thailand can lead the region and set the stage for long-term prosperity in the global digital economy.”

Pushing the Boundaries of Innovation and Giving Back to the Community

Acme’s influence extends beyond business. Known for his philanthropy, he has held two record-breaking Bitcoin giveaways, in 2017 and 2021, where he gifted a combined total of 16 Bitcoins (worth over 1.5 million USD at today’s prices) to fans, promoting cryptocurrency education and awareness. His commitment to sharing knowledge and empowering others has made him a household name in Thailand’s crypto community and beyond.

The Bold Path Forward

Acme’s proposal may seem daring, but it offers an opportunity for Thailand to embrace the future, tapping into the transformative power of Bitcoin and blockchain technology. As the world increasingly moves toward a digital-first economy, Thailand’s decision to integrate Bitcoin into its reserves could serve as a catalyst for long-term growth and innovation, attracting global investment and positioning the nation as a true leader in the digital era.

With leaders like Acme at the helm, Thailand has a chance to redefine its economic future and establish itself as a beacon of innovation in the ever-evolving world of digital finance. It’s time to think beyond the status quo, and Acme’s groundbreaking proposal is the first step toward making Thailand a leader in the digital economy of tomorrow.

The future of finance is here, and it’s digital. Thailand has a golden opportunity—will it seize it?

Visit : acet.finance

Media: media@acet.finance

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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