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Platon: To create a new digital civilization by Protecting CryptoArts

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4 years ago

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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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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

Published

2 days ago

on

November 23, 2024

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DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.

Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”

The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.

In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.

The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Cloud PR Wire

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Press Release

UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation

Published

2 days ago

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November 23, 2024

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DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.

Global Compliance Credentials of UVKXE

UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:

U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.

U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.

Background on the Malaysian Public List

The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.

Commitment to Legal Compliance and User-Centric Values

UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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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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Press Release

UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms

Published

2 days ago

on

November 23, 2024

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DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.

Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”

The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.

Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”

In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.

Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Cloud PR Wire

See author's posts

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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