Blockchain can be the future of Music and Gaming Industry

Things like a video game that pays you to play or a series of free NFTs that are currently making movies and videogames of their own accord are still appearing. Doubters regard the rest of the players in the space as a collection of grifters and try-hards who regularly change their Twitter profile images to pixelated punks and apes in an attempt to eventually convert those NFTs into a greater fool. In spite of the torrent of bitcoin mentions and letters from readers amazing and beneficial, new things are still emerging.

Due to the Constitution DAO's structure, a group of thousands of people was unable to purchase the DAO. This year, Royal is seeking to change the usual relationship between record companies and musicians. At least one NFT is predicted to be owned by everyone during the next ten years by Ehrsam Blau, a crypto maximalist. It's feasible that music licensing will be a driving force in our success. According to Blau, notable artists are being approached by him to begin selling their work on Royal.

There is a lot of talk about the potential for more consumer-oriented applications of bitcoin, with initiatives like Blau leading the way. This is also relevant to me as a self-published author who has also opted to forsake a "major," such as working on the editorial staff of a well-known journal, in favor of selling my work directly to people. Ehrsam is a co-founder of the crypto vc firm Paradigm and serves on the Royal board of directors.

Comments

To boost trade, Africa is simplifying international payment systems

It's hard to transfer money between African countries. The Ghanaian king settled a bill with a Nigerian attorney. His experience highlights a systemic problem impeding Africa's economic growth: high transaction costs and inconvenience. 15% of all imports and exports occur between 55 African countries. 60% of Asian trade is within Asia. 70% in EU. The difficulty of international payments hinders African trade. There are also high tariffs, long border procedures, and congested roads. Proponents of AfCFTA say easing trade restrictions will boost trade, FDI, and economic growth. 50 million people will be lifted out of extreme poverty by 2035 due to the accord's positive impact on real income, which is projected to rise 9.1%. Another issue: In Africa, currency values fluctuate. From July 2021 to 2022, Ghana's currency fell from 6 to 8. Volatile currencies make financial transactions more costly and risky. To overcome these problems, PAPSS facilitates financial transactions ...

How will Blockchain boost trade in Africa?

Despite a regional economic slowdown in 2020, over a dozen African countries grew last year. Complicated trade rules and lengthy border processes stifle African economies. These long-standing issues need creative solutions. Blockchain is becoming more practical and scalable in developing markets. It has just opened a regulatory "sandbox" for innovative blockchain-based goods in Ghana. Standard Bank has joined Marco Polo, a trade financing network. Here are four ways blockchain may help African trade: 1. Customs The AU-EU trade deal is still in its infancy. Traditional customs bureaucracy prevents SMEs from joining global trade networks. This procedure can be automated and simplified, saving time and money. 2. Traceability Tracking cross-border goods correctly is critical for standard and certification verification. Already, blockchain is allowing ethical supply chains for a variety of African goods. Its open-source but secure design makes certificates easy to issue and verify...

This summer, the Fed will take another step toward creating a digital money

This summer, the Federal Reserve will publish a research paper that examines the possibility of a central bank digital currency. Multiple countries' initiatives in the central bank digital currency arena, most notably China's, have heightened debate about how aggressively the Fed should act. The Federal Reserve is pushing ahead with its plans to create its own digital currency, stating that a study paper will be released this summer that will go deeper into the topic. Despite the fact that the central bank did not announce any particular plans for the currency, Chairman Jerome Powell acknowledged advancements in payments technology and stated that the Fed has been "actively monitoring and responding" to those developments. In the statement, The proper operation of our economy requires that consumers have faith and confidence not only in the dollar, but also in the payment networks, banks, and other payment service providers that allow money to flow on a regular basi...

USFCX_US Foundry Exchange

Search This Blog