CipSoft launched the first fantasy game running on the Litecoin blockchain, while singer Oleg Kenzov transferred the rights to one of his most popular songs to a blockchain platform. This and more news in this handy daily summary so you are always informed with those most recent events that happen within the crypto world.
📍 The blockchain of Litecoin (LTC) is acquiring new important functionalities and uses. A gaming company known as CipSoft announced the launch of a fantasy game on the Litecoin blockchain, as the first decentralized game that uses this blockchain to execute all its interactions.
Charlie Lee, CEO of Litecoin and Stephan Vogler, CEO of CipSoft, confirmed the launch of this game, named LiteBringer, through a conference virtual broadcast on the official Litecoin Foundation channel on YouTube. LiteBringer includes a “Litecoin faucet” that will allow players to earn profits in the cryptocurrency based on their performance. «Every move in the game is a transaction on the Litecoin blockchain that creates value«Declared Vogler during the virtual conference. This implementation demonstrates that the potential of blockchain technology goes beyond the financial and cryptocurrency ecosystems.
📍 Meanwhile, blockchain technology is entering the world of music and entertainment. Oleg Kenzov, a popular and renowned pop singer of Russian origin, transferred the rights to his song “On a High” to a digital platform based on the IPChain blockchain, which is backed by the country's government. According to the release, in just ten minutes, the general director of the studio Soyuz, Alexander Bochkov, accepted the terms and concluded a licensing agreement with the FONMIX music service. The agreement allows the use of Kenzov's popular and viral song from this summer for marketing purposes. Through this platform, artists can receive settlement payments immediately.
📍 In England, a ship powered by Artificial Intelligence (AI) developed by IBM set sail from the coast of Plymouth to venture on an environmental research voyage. The technology development company aspires to Mayflower, the intelligent boat, can collect environmental information of interest that allows advancing and deepening scientific studies on global warming, ocean pollution and the impact it has on marine and underwater life. Mayflower will carry out a 6-month trip where it will test the capabilities and functionalities of AI for this type of missions. The vessel has an AI captain who will collect data and analyze it to decide your destination as the journey progresses.
📍 Avalanche, the open source platform designed by AVA Labs for the development of decentralized finance ecosystems (DeFi), will be launched on the mainnet next Monday, September 21. With funding of $60 million, the digital platform will drive new efficient and fast systems to offer innovative financial products and services. Avalanche will have a main or primary network and subnets, where network validators will be able to connect uniquely to validate and process transactions or any other functionality they desire. All subnets are compatible with the Avalanche main network. To participate as validators, nodes must stake a minimum of 2.000 AVAX tokens.
📍 tZERO, the digital token broker and subsidiary of overstock, an American company listed on Nasdaq under the ticker OSTK, states that investment activity with digital assets during the month of August was increase with great force. According to the company, the market recorded one of the strongest growth during the month of August, where figures exceeding 2,3 million dollars in digital securities and 22 million dollars in traditional securities were reflected. This increase, compared to the figures from August of the previous year, shows a growth of 21% in the market, and breaks with the previous record established in July, which was around 7,6 million dollars in values. Likewise, tZERO reported that its crypto application also experienced 11% growth for the month in question.
📍 Singapore Exchange (SGX) launched a digital platform for the issuance, deposit and services of bonds and digital assets in collaboration with companies HSBC Singapore y Temasek. SGX issued a public bond totaling 400 million Singapore dollars, equivalent to about 294,4 million US dollars, to food and agriculture company Olam International. For the issuance of this digital bond, HSBC's payment solution was used based on DLT and the language of smart contract DAML from Digital Asset, which enables seamless settlement in multiple currencies to facilitate the transfer of profits between the issuer, arranger and investor custodian.
Continue reading: BNP Paribas partners with Digital Asset to implement smart contracts on DAML
