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NFTO Will Realize the Effective Connection Between Blockchain Technology and Artworks

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SILVERDALE, Wash., May 30, 2021 (GLOBE NEWSWIRE) — Recently, NFTO announces that it has made a major breakthrough in promoting the NFTization and blockchainization of the world’s top artworks. NFTO Coin NFTO One is supported by the underlying technology of the world-renowned public chain Ethereum, combined with the world’s largest distributed data storage system BitTorrent, and developed a blockchain project dedicated to the NFT and blockchainization of the world’s top artworks. NFTO’s business includes sponsoring art museums, organizing art exhibitions or publications, setting up awards, supporting art creation and art criticism, and establishing related art collections. NFTO allows small businesses to create their own NFT malls without coding, helping NFT authors to easily issue NFTs and detect counterfeit/similar content for copyright protection purposes; It provides a platform for NFT collectors to conduct transactions at a lower cost. To NFTO’s vision Become the ARK Ark star project in the NFT field, become a bridge between the world’s top artists and the blockchain, and support the growth of native NFT artists in the crypto world To NFTO values Let art return to the masses.

NFTO Will Realize the Effective Connection Between Blockchain Technology and Artworks 1

The establishment of NFTO is based on the background that NFT has become an industry boom, blockchain technology continues to develop in depth, and it is integrated into the real world to establish deeper and deeper links. At present, there are three application scenarios in the blockchain industry: one is the value transfer scenario; the other is the collaboration scenario; the third is the evidence storage scenario. NFT combines these three scenarios with its particularity. NFT is not only a new upsurge in the blockchain, but it is also very likely to be the breakthrough point for the industry to break through the bottleneck and achieve success. To NFTO will explore and promote the actual implementation of blockchain in different application scenarios through the practice of blockchain technology in the field of NFT, using traditional well-known artworks and well-known NFT artworks as the underlying assets to improve the industry standards of NFT transactions, and Government departments, universities, lawyers, and industry elites cooperate to support the introduction of relevant industry governance policies and promote the sound development of the industry. To In addition, the project will further improve its own construction, release the progress of the project every month, and publish the audit report every year. Industry professionals are welcome to supervise.

Introduction of project token
NFTO Token name: NFTO
Basic chain: ETH
Protocol standard: ERC20
Issue Date: 2021-05-25 ?
Targeted Issuing platform: Huobi and other mainstream digital currency exchanges

Planned circulation: 10,000,000,000 NFTO Distribution mechanism: artist cooperation, 30%, 3,000,000,000 pieces; Defi airdrop and mining, 19%, 1,900,000,000 pieces; team holding, 19%, 1,900,000,000 pieces; first listing, 2%, 2,000,000, 000, 000 Pieces; purchase of NFT works, 20%, 2,000,000,000 pieces; partners, 10%, 1,000,000,000 pieces.

Team introduction

The NFTO project team is composed of practitioners with deep experience in blockchain, finance, and art, with a senior overseas financial management background, and works in top investment banks and investment institutions such as Fidelity and Nomura. Most of the members are traditional arts such as Christie’s and Sotheby’s. Industry practitioners.

Core technologies

NFTO is supported by the underlying technology of the world-renowned public chain Ethereum, combined with BitTorrent, the world’s largest distributed data storage system, plus the ERC-721/TRC-721 protocol, which not only maximizes security, but also rapidly improves global art Product market efficiency.

The technical logic to realize the NFTization of artworks is: After the directly generated digital works and traditional artworks are digitized, the relevant information, such as the author, creation time, the work itself, etc., are packaged and written into the BTFS decentralized storage system. Then write the stored address into the smart contract in the ERC721/TRC721 standard on the blockchain to generate a unique token. Because the creator and the digital file are permanently linked together, the uniqueness and authenticity are guaranteed.

NFTO is a project dedicated to linking blockchain technology with artworks to realize the popularization of art. The traditional art market has great value. With the blessing of blockchain technology, art and art can be NFTized. Assets have greatly increased. The project uses world-renowned artworks such as Picasso and Andy Warhol as asset backing, and at the same time is empowered by the technology of Ethereum, which is a living example of realizing blockchain technology to empower the real economy. As NFTO’s token NFT, it has the connotation of natural growth value. With the appreciation of artworks, the value continues to increase. It is the most worthy investment in the digital currency field. The market prospect is very good. It can not only achieve value preservation in the short term. Value-added has the potential for substantial growth in the long run.

Media Contact

Company: NFTO Ltd.

Contact: Yan Samton

Telephone: +1 24 020 200

Email: [email protected]

Website: https://www.nfto.one/

Address: 3901 Mutton Town Road, Silverdale, Washington

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Source: https://e-cryptonews.com/nfto-will-realize-the-effective-connection-between-blockchain-technology-and-artworks/

Blockchain

50,000 electric vehicle charging stations in Europe to offer crypto payments

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Two payments firms have partnered to roll out crypto payments across 50,000 electric vehicle (EV) charging stations in Europe.

The partnership is between Irish e-commerce and mobile payment solutions firm HIPS Payment Group Ltd and Vourity, a Swedish firm that specializes in unattended payment facilities such as EV charging stations.

The integration of crypto payments with charging stations will occur over the next three years starting from November 2021.

The firms haven’t revealed which cryptocurrencies will be supported yet, but Vourity has dropped a pretty strong hint that Ethereum is likely to be among the first after it released an image of a payment terminal with an ETH logo on it. Ethereum is moving to the much more energy efficient Proof-of Stake consensus mechanism in the next year, which could mitigate any backlash among environmentally conscious EV drivers.

“We are currently evaluating what cryptos/coins we will support. It will be converted to fiat,” stated Hans Nottehed, the CEO of Vourity.

Vourity payment terminal, with an ETH logo

Crypto payments will be integrated with Vourity’s EV charging stations by connecting to the blockchain via Hips Merchant Protocol’s native protocol token Merchant Token.

Back in May, HIPS Payment Group launched the HIPS Merchant Protocol, the HIPS Merchant Protocol Gateway, and its governing Merchant Token.

The protocol was built on Ethereum and Solana in May 2021 and plans to expand support to Cardano in the future.

“With near real-time transaction speeds, in addition, the Hips Merchant Blockchain is designed for merchant transactions regardless if they are mobile, instore or e-commerce and utilizes the interchange concept from the payment card industry,” HIPS noted in May.

Related: Blockchain-based EV charging trial gets $1M from Canadian government

EV crypto innovation

Tesla famously did a U-turn on accepting Bitcoin (BTC) payments for vehicles, with Elon Musk noting the firm won’t change course until the mining sector is at least 50% powered by clean energy. Other EV-focused firms have sought ways to innovate using  “clean” crypto mining and adoption.

At the beginning of this month, Canadian light EV manufacturer Daymak announced an upcoming EV set for 2023, that is fitted with a crypto mining rig that can mine Bitcoin and other cryptocurrencies while it’s charging or parked.

In March, Stellantis, the parent company of European car manufacturer Fiat, partnered with Kiri Technologies, to promote an “eco-driving style,” by rewarding Fiat EV drivers in cryptocurrency via Kiri Technologies’ KiriCoin.

In that same month, Volkswagen Group Innovation, the research department of German car Volkswagen, announced a partnership with Energy Web, a non-profit organization focused on open source energy transition.

The duo teamed up to research methods of using EV’s and charging stations as part of the power grid using blockchain.

Jesse Morris, the chief commercial officer of Energy Web, spoke with Cointelegraph and emphasized the benefits of tracking the integration between EVs, charging stations, and power grids using blockchain.

Morris mentioned that during times of local grid congestion, Volkswagen drivers could be incentivized not to charge by being paid out in crypto or fiat. Additionally, utility providers could pay EV drivers to store energy during times of excess generation on the power grid.

50,000 electric vehicle charging stations in Europe to offer crypto payments

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Source: https://blockchainconsultants.io/50000-electric-vehicle-charging-stations-in-europe-to-offer-crypto-payments/?utm_source=rss&utm_medium=rss&utm_campaign=50000-electric-vehicle-charging-stations-in-europe-to-offer-crypto-payments

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Why this ‘Biggest Bitcoin challenge’ is a bonus

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Bitcoin‘s rising popularity with institutions and investment professionals such as BlackRock CEO Larry Fink and hedge fund legend Stanley Druckenmiller has helped Bitcoin stand its ground against Gold. Considering the former’s prospects as a scarce store-of-value over the latter, a war of words often emerges between gold bugs and the bitcoin community.

While many Bitcoin proponents saw Bitcoin as Digital Gold or Gold 2.0, Peter Schiff, (of Euro Pacific Capital) one of the loudest proponents of gold, maintained his skepticism towards bitcoin.

The latest war (of words) on Twitter resurrected the age-old debate of Bitcoin vs gold. Billionaire investor and entrepreneur Mark Cuban and Oliver Renick, Gold bug (from TD Ameritrade), exchanged their thoughts on both assets.

In a tweet, Renick slammed Bitcoin’s comparison to digital gold because “Bitcoin is making no discernable progress towards digital gold. Why are we still assuming it will at some point in the future?”

The Shark Tank star responded, by stating a few reasons why bitcoin was indeed better than gold.

“Its BETTER than gold. No worries about storing it. Easy to transfer. Easy to trade. Easy to convert. Doesn’t require an intermediary. Can be fractionalized. Biggest BTC challenge? No William Devane type commercials and all the people who believe gold is an inflation hedge.”

TD Ameritrade’s Oliver Renick, in response to Cuban, stated that he doubted Bitcoin’s progress by adding that bitcoin’s ‘relationship with real interest rates was as random as it was on day 1 ten years ago’.

Source: Oliver Renick| Twitter

In a report published by Renick recently, he opined:

“See any trends? Me neither. It looks completely random with no trend over the past nine years of data; sometimes positive, sometimes negative. But what’s most important here is that it’s not getting more negative over time. “

Cuban responded:

“Gold is useless, pretty much across the board, but particularly as a hedge. BTC is a digital asset that is similar to gold because they both are driven exclusively by supply and demand. BTC does a better job with both,”

Gold, according to, Renick was remarkably consistent in its negative correlation with real interest rates i.e., its utility. He added ‘Until BTC does something resembling this, not sure why we call it gold. At least from a financial sense,’

Source: Oliver Renick| Twitter

Following this argument, Cuban acknowledged one aspect: even though Gold at the press time had more demand than Bitcoin, the narrative will flip; he stated:

“So are a lot of assets including stocks. That isn’t a utility. That’s supply and demand. Gold has more demand. IMO, that will change going forward. Why? Because BTC is easier to transact. In the time it will be better understood and marketed and the gold market will shrink.”

Reality Check: BTC vs Gold

Philipp Sandner from Frankfurt School Blockchain Center made a comparison between three assets: Gold, Bitcoin and Fiat (euro),

Source: Medium


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Source: https://ambcrypto.com/why-this-biggest-bitcoin-challenge-is-a-bonus

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Bitcoin: What does this mean for the ‘trapped bulls’?

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Bitcoin, the world’s largest cryptocurrency has been bleeding for quite a while now as bears overtook the bull. As things stand, it was trading just above the $33k mark with a correction of about 2% in the last 24 hours. BTC witnessed a major decline in its volume as well, a 44.5% plunge within the same period. Earlier this week, Bitcoin plunged to a five-month low of $28,600.

As per On-chain analysis platform Glassnode: ‘Bitcoin Amount of Supply Last Active 1w-1m (1d MA) just reached a 7-month low of 985,098.597 BTC.’

Source: Glassnode

To add to this bearish sentiment, the ‘Big Short’ famed investor, Michael Burry recently tweeted a word of caution.

Last week, to add to his bearish narrative, Burry warned his followers about the “mother of all crashes” in a now-deleted tweet.

Continuing the same thread, he added:

“All hype/speculation is doing is drawing in retail before the mother of all crashes. FOMO Parabolas don’t resolve sideways; When crypto falls from trillions, or meme stocks fall from tens of billions, MainStreet losses will approach the size of countries. History ain’t changed.”

Furthermore, he stated:

“The problem with Crypto, as in most things, is the leverage. If you don’t know how much leverage is in crypto, you don’t know anything about crypto, no matter how much else you think you know,”

Robert Kiyosaki, the best-selling author of ‘Rich Dad Poor Dad,’ too had similar speculations against the largest crypto token.  According to his tweet, he cautioned his followers about the crash in world history. He stated: “The biggest bubble in world history getting bigger. The biggest crash in the world history coming…”

In contrast, Crypto bull, and analyst, Michael van de Poppe didn’t see any cause for alarm with the current scenario. He stated:

“Consolidation on the markets, that’s completely fine.”

Another crypto enthusiast, a few weeks ago published a post directed at Burry, contradicting the latter’s views.


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Source: https://ambcrypto.com/bitcoin-what-does-this-mean-for-the-trapped-bulls

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