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The metaverse, decentralized finance (DeFi), and crypto are rising up to become some of the hottest themes in fintech this year, taking the place of AI, digitization, and customer experience. So how should firms in the traditional finance (TradFi) realm prepare for the road ahead? We spoke with Nimbus Platform CEO Alex Lemberg to get Read more...
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Bitcoin has fallen again. After a week or so of the world’s number one digital currency rising back above $40,000 and staying within that range, it looks like the asset has taken another tumble and at the time of writing, is trading for around $39,000 per unit. Bitcoin Takes Another Dive It appears the fight...
• NFT music platform creating an intertwined distributed ecosystem • Polygon to provide additional software support and potential funding to emerging musicians on the Token||Traxx platform • Token||Traxx to have cross-chain bridge with existing partner, Zilliqa
Polygon, an Ethereum scaling platform onboarding millions to Web3, today announces a partnership with NFT music platform Token||Traxx™ ahead of its Token Generation Event (TGE) this month. The collaboration will allow Token||Traxx to leverage Polygon's low-cost and interoperable infrastructure to build out its music NFT marketplace.
Polygon Studios — the NFT and gaming arm of leading Ethereum scaling protocol Polygon — will also be offering grant funding to Token||Traxx's new, independent music creator economy which is set to make a seismic paradigm shift within the music marketplace. The Polygon foundation will support the development of the Token||Traxx software and their emerging artists as they continue to grow their Web3 creator economy.
Token||Traxx is a new marketplace that redefines and enhances the value of music, by supporting and financially benefiting the entire music community using Non-Fungible Tokens (NFTs) technology.
Token||Traxx will be multi-chain, using Polygon along with other networks including its strategic founder partner Zilliqa which it will bridge to later this year.
"NFTs have the opportunity to positively disrupt the music industry, providing creators with a greater share of the distribution rights while conveying verifiable ownership to fans. By leveraging Polygon to accomplish this goal, Token||Traxx unlocks the full potential of the Web3 creator economy and sidesteps the prohibitive transaction fees and latency associated with Ethereum," said Ishan Negi, Chief of Staff, Polygon Studios.
“Token||Traxx is delighted to join forces with Polygon,” said Tim Gentry, Chief Operating Officer and co-founder of Token||Traxx and formerly global revenue director at the Guardian. “Polygon's sustainable and ultra low-cost blockchain and interoperable ecosystem presents the perfect launchpad for the project. With cross-chain technology and cross-chain bridges in place Token||Traxx will run with increased elasticity, providing users with freedom of choice.
“Through Polygon's novel Ethereum scaling solution, we will be getting excellent user experience with high-speed transactions, near-zero gas fees and superb community governance. Cross-chain capabilities will also maximise secondary NFT markets for us,” summarised Gentry.
NOTICE
Token Traxx Music Limited is not a regulated entity. Ownership of the tokens carries considerable risk and should not be contemplated by anyone who does not have specific knowledge of the use, purpose and transmission of tokens. This Press notification is not an offer to sell or promote the sale of tokens. Token||Traxx tokens will be unregulated and will not be sold as an investment. The sale of tokens when it occurs will be subject to satisfactory compliance with all laws and regulations relating thereto and to purchasers entering binding contractual terms. The use of the Token||Traxx platform and participation in the marketplace and use of the Token||Traxx token to engage with the functionality provided by the platform and marketplace will be subject to separate terms and conditions.The Token Traxx token (TRAXX) is available for purchase by SORS DIGITAL ASSETS LIMITED (SORS) which is registered as a VASP in accordance with the rules of the Central Bank of Ireland.
Token||Traxx™ is the Trading Name of Token Traxx Music Limited registered in England under Number 13753129
About TokenIITraxx TokenIITraxx has a mission is to be at the centre of a new independent music creator economy, providing a platform driven by NFTs, that redefines and enhances the value of music, which supports and financially benefits the whole community.
TokenIITraxx celebrates and rewards the unique symbiosis of ‘The 3C's - Music's Creators, Curators and Collectors' and their specialist contribution to the discovery and adoption of global music engagement.
TokenIITraxx offers financial independence and creative freedom. For more information, visit www.tokentraxx.com Twitter (join the conversation) | Telegram (group chat) | Discord (collaboration)
About Polygon Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon's scaling solutions have seen widespread adoption with 7000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
If you're an Ethereum Developer, you're already a Polygon developer! Leverage Polygon's fast and secure txns for your dApp, get started here.
About Polygon Studios Polygon Studios is the Gaming and NFT arm of Polygon focused on growing the global Blockchain Gaming and NFT Industry and bridging the gap between Web 2 and Web 3 gaming through investment, marketing and developer support. The Polygon Studios ecosystem comprises highly loved games and NFT projects like OpenSea, Upshot, Aavegotchi, Zed Run, Skyweaver by Horizon Games, Decentraland, Megacryptopolis, Neon District, Cometh, and Decentral Games. If you're a game developer,
builder or NFT creator looking to join the Polygon Studios ecosystem, get started here. Twitter | Facebook | Instagram | Telegram | Tiktok | LinkedIn
The UK government has sanctioned Chelsea F.C. owner Roman Abramovich for his links to Putin and the Russian state, halting his plans to sell the London soccer club.
Blizzard has shared new details regarding its plans for Overwatch 2, which include getting the PvP component of the shooter into players' hands while it continues work on the PvE side. That will begin with a closed alpha today, followed by a beta that includes a wider pool of players starting in April.
Game director Aaron Keller shared the information as part of a new developer update video. The main takeaway is the "decoupling" of the PvP and PvE aspects of Overwatch 2, which is meant to "get new PvP content into your hands sooner, while we continue to work on PvE," according to an accompanying blog post.
The closed alpha test for Overwatch 2's PvP that begins today will likely not be something you can participate in. It will feature Blizzard employees, Overwatch League players (OWL was already set to use Overwatch 2 for its upcoming season), and "a few other select groups" ahead of a beta that will start in "late April" for PC players in all regions.
That April test will be a closed beta, but you can now sign up to request access to it on the game's official website. Access will come in waves, so even if you don't get in right away, you may still be allowed in later.
More details on what to expect from the beta are still to be confirmed, but Blizzard did say it will feature the new Push game mode, four new maps, a new Damage hero (Sojourn), and reworks to various heroes. It will also, of course, feature the new 5v5 gameplay style being introduced for Overwatch 2. When it does arrive, the PvP mode will integrate with that of the first game, allowing Overwatch 1 players to use new heroes and play on new maps.
Overwatch 2 does not yet have a release date. Alongside Diablo 4, Blizzard delayed its release late last year, and we may not see either game launch until 2023. All of this comes amidst the ongoing Microsoft acquisition of Activision Blizzard, which itself follows disturbing reports of a toxic work environment at the company.