Blockchain Based Technologies Gain Traction Amongst Institutions

NEW YORK, April 29, 2021 /PRNewswire/ — This 12 months is shaping as much as be exceedingly necessary for the event of cryptocurrencies. Among the quite a few latest information reviews about how the fashionable banking infrastructure is opening as much as the pattern, there are additionally indicators that some main companies have gotten extra adaptable to receiving funds in cryptocurrencies. As a consequence, the view that Bitcoin or Ethereum are worthwhile investments has brought on main banks to permit clients to put money into specialised funds. For instance, in accordance with a report by Coindesk, JPMorgan Chase is getting ready to supply an actively managed bitcoin fund to sure purchasers, changing into the newest and largest financial institution to embrace crypto as an asset class. Scienjoy Holding Corporation (NASDAQ: SJ), Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV), Riot Blockchain, Inc. (NASDAQ: RIOT), Funko, Inc. (NASDAQ: FNKO), WISeKey International Holding Ltd. (NASDAQ: WKEY)

Meanwhile, the pattern of NFTs (Non-Fungible Tokens) has gained traction on-line, particularly amongst tech and crypto fans. As a consequence, the most important crypto trade by buying and selling quantity, Binance, has revealed plans on Tuesday to introduce its personal market the place customers can create, purchase and promote the digital collector’s objects.  “Our aim is to provide the largest NFT trading platform in the world with the best minting, buying and exchanging experience, by leveraging the fastest and cheapest solutions powered by Binance blockchain infrastructure and community,” stated Helen Hai, Head of Binance’s NFT mission, in accordance with CNBC.

Scienjoy Holding Corporation (NASDAQ: SJ) simply introduced breaking information this morning that, “Scienjoy Launches Video Demonstration of Non-Fungible Token Game Experience”, a number one dwell leisure cell streaming platform in China, right this moment launched the primary video demonstration of the Company’s digital worlds and video games that includes Non-Fungible Tokens (“NFTs”). This initiative goals to coach worldwide audiences on Scienjoy’s immersive leisure expertise whereas exhibiting how NFTs enrich gameplay…

This training marketing campaign follows the Company’s announcement on April 26, 2021 that it has formally launched the primary spherical of Non-Fungible Tokens (“NFTs”) on its dwell streaming platforms, making it one of many first dwell streaming platforms in mainland China to undertake the know-how. In China, the dwell streaming trade represents a brand new type of on-line leisure that is unmatched in different markets, making it tough to understand with out first-hand expertise. Scienjoy will publish movies and staged recreation demos to point out worldwide audiences how NFTs are being built-in into the platform, and eventualities of how they are often traded and minted sooner or later.

Scienjoy has constructed absolutely immersive dwell streaming digital worlds backed by AI and AR applied sciences. The first digital world to characteristic NFTs is the “Planet Ruler” digital world on the Company’s Showself dwell streaming leisure platform. The platform now options 16 NFTs that customers and broadcasters can compete to win by conquering planets or territories. Players can show their NFTs in “Planet Ruler” and on the Showself leisure platform, and in addition observe and hint their NFTs in OpenSea, a big world peer-to-peer NFT market. Owners will be capable to commerce the tokens freely. Scienjoy will observe the buying and selling of tokens to permit the present house owners to show the NFTs within the recreation.  

Looking ahead, Scienjoy hopes to discover NFTs on a bigger scale. In addition to minting NFTs as distinctive prizes for dwell streaming video games, Scienjoy is exploring enabling dwell streaming broadcasters to create their very own NFTs. The Company additionally plans to roll out six full digital actuality worlds in 2021. As Scienjoy stays on the forefront of the dwell streaming trade, it goals to coach and unfold consciousness about how new applied sciences can be utilized to drive person visitors and educate outdoors events on the improved recreation expertise and the potentials for platform progress and monetization.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV) introduced on March 23rd, that it has signed a partnership with Dolphin Entertainment, Inc. (NASDAQ: DLPN), a number one impartial leisure advertising and premium content material improvement agency, to supply non-fungible tokens (“NFTs”) that can enable followers {of professional} soccer and sports activities leisure to purchase and promote unique content material developed by HOFV and its companions. The partnership gives the Company with one other solution to generate income from its burgeoning media division. “We are thrilled to be partnering with Dolphin, an emerging thought leader in the NFT market, to accelerate our entry into the space,” stated Michael Crawford, President and CEO of HOFV. “The significant progress we have made on our strategic initiatives since going public in July 2020 has allowed us to be in a position where we can offer individuals the opportunity to own NFTs associated with original content centered on professional football. This partnership will provide us with another opportunity to unlock additional value from the one-of-a-kind media projects we have in development.”

Riot Blockchain, Inc. (NASDAQ: RIOT) reported earlier this March that it’s going to obtain an estimated hash price capability of 1.06 Exahash per second (“EH/s”) with the deployment of the newly obtained 2,002 S19 Pro Antminers. “Exceeding 1 EH/s in hash rate capacity marks a major milestone for the Company,” stated Jason Les, CEO of Riot. “While we are proud of this accomplishment, we view it as the successful completion of just one of many steps of our ongoing growth plan. Riot continues to receive and deploy next-generation miners from Bitmain and remains on schedule to more than triple our currently deployed capacity by the fourth quarter of 2021.”

Funko, Inc. (NASDAQ: FNKO) introduced this month it has acquired a majority possession stake in TokenWave, LLC, the developer of TokenHead, a number one cell app and web site for showcasing and monitoring Non-Fungible Token (“NFT”) holdings. TokenHead is out there on iOS and Android, and at present shows over 10 million NFTs and has greater than 100,000 visits per day. Financial phrases of the funding weren’t disclosed. The funding accelerates Funko’s preliminary entry into the NFT market and can prolong the Company’s popular culture platform to incorporate digital property. Funko expects to launch its preliminary NFT choices in June, that includes a novel property every week at a beginning worth level of $9.99. Products might be bought on the WAX platform, the main decentralized pockets on the blockchain, which gives verifiable authenticity for purchases of Funko NFTs.

WISeKey International Holding Ltd. (NASDAQ: WKEY) introduced on April 16th, that it has joined forces with Jacob & Co to NFT the Astronomia Sky, the epitome of 21st century haute horlogerie and a globally acknowledged image of Jacob & Co watchmaking experience.  Carlos Moreira, Founder and CEO of WISeKey stated, “We are delighted to join forces between WISeKey and Jacob & Co. This combination of a powerful NFT technology offering with Jacob & Co watchmaking expertise in conducting Trusted NFTs auctions is a great model on how WISeKey’s unique Digital Identification NFT platform technology delivers the most secure and scalable blockchain backend for creating real digital twins for valuable objects. This unique approach will make it possible to mint provenance and a digital version into an NFT that contains smart contracts on how the digital twin may be used, removing any uncertainty of what an NFT actually means to a collector by delivering authenticated digital twins to the watch luxury market.”

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