NFT – Page 2

BOAX and Genesis Sign Joint Venture to Establish New Company “GMMG-BOAX”, to Engage in Metaverse Business

June 29, 2022 Published by TheFintechBuzz.com

On June 25, 2022, BOAX Limited (“BOAX”) and Genesis Metaverse Media Group (“Genesis”) signed a Joint Venture Agreement to establish a new company to explore Metaverse-Related businesses, including but not limited to the production of NFT content and sale of digital artworks.

The new company aims to leverage BOAX’s NFT technologies and experience in bringing big corporates to the metaverse, its bank backed NFT service platform, and strong connections in European and ASEAN digital assets space, with Genesis’s expertise in the development and creation of animated content, entertainment technologies and media resources, to realize a new generation of Metaverse that is closely aligned with digital assets consumers and the evolving metaverse applications.

Ian Wen, the founder and CEO of BOAX, stated, “Based on our mission to ‘provide clients with institutional-grade services to achieve their Metaverse vision’, we are excited to partner with Genesis to combine our expertise in fintech and NFT space with Genesis’s extensive Chinese and global entertainment and media network and content creation capabilities and form a joint venture between the two companies.”

Candy Heung, the CEO of Genesis, added, “BOAX is a leading company with proven reliability in providing end-to-end metaverse solutions to corporate clients and NFT collectors. Having BOAX as our joint venture partner will be extremely beneficial in producing and selling digital artworks. We believe this opportunity offers unique advantages for us, and we are keen to explore further opportunities over the next years.”

BOAX is an Art Tech Metaverse company providing end-to-end Metaverse solutions to corporate clients and NFT collectors. BOAX has established the world’s first NFT Marketplace supported by an offshore digital-friendly banking ecosystem. BOAX Marketplace focuses on collaboration with Master Artists and influential celebrities with stories to transform their masterpieces into new digital formats in the form of NFTs, thereby breathing new life and energy into the original pieces and enabling sharing of the unique meaning and perspective of the works in the new cyberspace. Co-founders of the BOAX team come from international auction house, legal, banking and auditing background.

In May 2022, BOAX won the Metaverse Pioneer Award, and Mr. Ian Wen, the founder of BOAX, won the Global Outstanding Youth Leader Award from Yazhou Zhoukan (亞洲週刊), a popular Chinese-language international affairs newsweekly. BOAX’s signature NFT series include: First of Its Kind in the World – BOAX Feng Shui Art NFTs; RMBits – the world’s first Chinese 3D voxel art featuring famous characters in Chinese literature; Dominic X Ian – LamIan Metaverse; “Time Travel X Banknote”; Yazhou Zhoukan “Great Powers” NFT series; NFTs x Authentic Paintings; Face off X AI; and Cang Hai Yi Sheng Shao by Ms. Dai Wenhua, and many more. Most recently, BOAX has built a Metaverse for the Hong Kong Fashion Designers Association, supporting its Juxtaposed 2022 Fashion Meta Event sponsored by Create Hong Kong.

Genesis Metaverse Media Group (“Genesis”) is a high-tech industrial group with content creativity as the core that emerged in the era of the Metaverse. Genesis is engaged in the businesses of film and television animation creative production, Metaverse sports events, Metaverse music concerts, Metaverse Expo, IP derivatives, NFT collections, etc. In the future, Genesis will continue to create, incubate, and operate high-quality IPs, and to establish a market-oriented high-tech industrial chain in the era of the Metaverse.

By joining forces, GMMG-BOAX is going to create unique digital artworks and NFTs, showcase their Web3 style Metaverse, and develop a new era of Blockchain aesthetics. One of the exciting upcoming projects of the joint venture include Kung Fu NFT Project featuring more than 129 types of authentic Chinese Kungfu styles in NFTs.

SOURCE BOAX

Community-based social platform Cinfinix with one-click NFT creation feature formally launched

June 24, 2022 Published by TheBlockchainExaminer.com

Hieroglyph Digital Technology, a blockchain innovation company, recently launched a cross-chain Non-Fungible Token (NFT) social platform, Cinfinix, based on Ethereum (ETH) and Polygon technologies. The platform allows users to create and display their NFTs freely to identify their individual value through better engagement with the community, while realizing innovative ideas to capitalize private social data and give rise to the personal digital economy. The app can be downloaded and installed directly from the Apple and Google Play stores, enabling users to have instant access to the metaverse.

The maturing of Web3.0 technologies and applications has allowed for the rapid development of varied NFT projects. As a unique token which can not be split up, NFT is quickly gaining popularity among investors and creators. According to the blockchain data platform Chainalysis, the value of smart contracts for creating NFTs on the ETH blockchain exceeded US$40.9 billion in 2021. However, how to create and specifically define the value of a NFT has always been the greatest concern of investors, creators, metaverse fans and researchers.

The purpose behind the launch of Cinfinix is to rewrite the initial definition of NFT in a narrow sense and extend the scope of the definition, considering personal digital assets and the value attributed to them by Web3.0-based NFTs as a new way to highlight one’s personal identity, community activities and social experience in the metaverse space. The intangible assets also serve as a fast pass by which individuals can enter the metaverse world.

Based on Web3.0 technologies, Cinfinix integrates the core elements of the metaverse, including self-built communities, creators, originality, credibility, communality and common areas of interest, with infinite possibilities and unlimited creativity, empowering every creator with NFT properties and functions. Different groups of users, such as individuals, brands, merchants and organizations, can engage in a variety of creative social activities on the platform, with each one making a contribution to the development of the personal digital economy.

No limits for creating NFTs

As part of one’s private assets, creations on social media representing a person ‘s value are owned by users. They can publish any amount of beneficial content on the platform as a way of sharing their experience and reflecting their personal value by establishing a presence in the My Community and/or My Home sections.

NFTs can be created without any content and format limits. It can be a text, a photo, an audio or a video. After being created, an NFT can be placed for sale on the Cinfinix platform.

Self-determined community-oriented social networking

Built upon Web 3.0 ‘s decentralized blockchain protocol, Cinfinix encourages users to interact with others freely. Whether your are an user, a creator or a brand, you can choose a role as an Explorer, Contributor and Metaverse Rising Star on the platform to build your own or join different types of communities where you can monetize your NFTs, gain more influence and increase your personal wealth.

One-click NFT creation without any costs

By connecting to a digital wallet, users are able to convert their content directly into an NFT and become the owner of a real-time unique NFT with one touch. After completing daily check-ins or participating in community social tasks, users can also be rewarded with bonus points (CIX). Moreover, they can upgrade their status and receive more NFT shares and platform tokens based on their contributions to the community. In the early stage of the launch, CIX points can be directly used to tokenize NFTs, totally cost-free.

Exclusive NFT authentication

With Cinfinix’s strong social properties, various brands and participants can build their own communities on the platform including creating an NFT membership card, establishing member benefits and initiating community activities to enhance user stickiness.

Cinfinix offers a wealth of operational tools to boost the development of communities, including Web3.0 digital marketing tools that brands can use to create an autonomous business ecosystem of metaverse KOLs.

Pre-Seed financing for the app was completed prior to the launch. Remaining funds will be applied to the leveraging of Web3.0 technologies to gradually roll out a number of personal digital economy services to users, with the triple goal of assisting active communities in issuing governance tokens, opening up a crowdfunding platform, and putting in place the development plans for Cinfinix and DAOs within each community.

With the help of various authentication tools, Cinfinix is launching a personal NFT showroom for students, where they can showcase their school life and enrich their job applications. In addition, Cinfinix has started a partnership program to invite NFT projects, brands, merchants, and organizations around the world to join the platform and establish a community.

Become a Cinfinixer and join the community to create a new NFT experience together.

Official website: https://cinfinix.io/

P01NT, a utility NFT, curate the world in a DAO way

June 21, 2022 Published by TheFintechBuzz.com

BCA Labs announced to sponsor the 4th NFT·NYC 2022, and from June 18 to 23, a series of digital artworks will be presented by BCA Labs at The BLANC Art Space in New York, including “Take Off,” “NTDD-1,” and of course the “P01NT” Project. P01NT was also honourably invited to Consensus 2022 by CoinDesk’s MetaGala, where 9 pieces of P01NT NFTs were presented and ultimately auctioned off. Through the Giving Block, the funds raised from the auction will be used to support the next generation of web3 entrepreneurs. BCA Labs will host various NFT theme satellite events in the following week, covering a wide range of topics including NFT, community culture, Soulbound, DAO, GenZ, decentralized curation, etc.

P01NT—BCA Labs

Although people have developed diverse features for NFTs today, most NFT collectors are inclined to use NFTs as a “social-networking tool”, an innovative way to meet new friends. When people have fulfilled a wish to showcase collections in the private domain, they will gradually have the desire to display their collections to a wider audience. Thus, our new design of P01NT.co may provide the perfect solution.

Every P01NT NFT corresponds to a display block space, upon users’ acquisition of P01NT NFTs, holders can find a booth on P01NT.co to exhibit the NFT from their wallet of their own choice. P01NT holders can divide their interactive and combinatorial NFT art pieces into three dimensions: point, line, and plane. The curatorial process will not only be presented online, but also every digital alteration will be mapped, recorded and shown at the offline exhibit.

To introduce the rules of the “game”, first and foremost, users can easily add and exhibit any type of NFT into the “P01NT”. The second dimension is formed as individual “points” enjoin into “lines” of “points”, where every user is a key participant and they may impact the layout of the exhibit, either as an individual curator or by jointly creating the space with others. The last dimension takes “lines” and creates a “plane” where triangles, circles, squares, and rectangles take shape, and become the final carriers of user’s artwork. In other words, P01NT can not only act as a canvas for displaying the NFTs, they also incorporate the rarity features and showcase the combinatorial features of their NFTs.

To be more specific about the alignment design, if the booth is in the “plane” series, then users can form a 2×2, or even larger booth in the overall exhibit. As each individual collector chooses the placement of their own NFT, they are also creating a new curatorial experience by merging their work with that of others. It will be possible to see a BAYC exhibited alongside an unknown sketch, or someone else may buy the booth space around BAYC, building a frame around them. This two-dimensional plane becomes an interactive bridge between one and the other collector, without knowing or communicating with each other in the real world, they can convey interests and share ideas with people at any part of the world on P01NT.

In this current era of the creator economy, the emergence of P01NT has broken the traditional barriers between artists, collectors, curators, and patrons. It is much simpler to become a creator to showcase NFT artworks to the world, a curator to find undiscovered “treasures”, or even a patron and leave the mark and influence of digital identity across the globe.

The concept of P01NT’s collective curation provides every ordinary users the opportunity to participate in the creation of art. Furthermore P01NT becomes the role of the user’s entry pass to step their first step into BCA’s meta-verse.

P01NT Rights and Interests

The Bitcoin 2022 MIAMI stop was the first time that P01NT has taken on a mission of bringing the wishes of these NFTs’ holders to “Say Hi” to the public, it marked the beginning of the global tour of “P01NT”. P01NT’s mission is just like its name, making a point to endow every NFT holder with the privileges of curating their own art exhibition. With the step of a simple wallet connection, everyone can bring their NFT artwork to every point of the globe where “P01NT” exists.

P01NT will keep encouraging new kinds of NFT exhibitions to emerge and interact with new pass holders to stimulate DAU growth, through the “show-to-earn” logic. For instance, the participation of artists and holders in curatorial profit sharing.

BCA will be dedicated to build and empower P01NT community continuously. The P01NT Blue Chip community will not only be able to participate in the collective curation with young rising artists, BCA Gallery Shanghai will host several flash salons offline to meet holders’ needs.

Curate NFTs in a DAO way

There are more and more exciting new projects empowered with the idea of DAOs. Although NFTs have always been related, the full potential of the social attributes that NFTs carries have not yet been fully discovered or acknowledged especially on the level of NFT applications. The P01NT project combined DAO’s democratic and egalitarian form together with NFT art, allowing all users to take part in the art creation process.

P01NT’s root of origin began with the concept of the DAO and continued to experiment through various NFT art. From the perspective of curation, it empowers casual users to become more creative and gives all pass holders the opportunity to participate in the creation process. Every P01NT holders serve as a governor of the chain nodes, their participation in the curation is just like the decision-making process and the ecological creation of DAO. Every move will be recorded on the blockchain, and all the dynamics will be reflected on this unified “canvas” as an integrity to light up the booth in every P01NT world journey and in the whole crypto universe.

SOURCE BCA Labs

An enviable roster of superstars joins MetaCity, attracting over 150 million fans

April 15, 2022 Published by TheBlockchainExaminer.com

The news that is making the rounds among anyone and everyone following happenings in the world of NFT and the metaverse is the speed at which MetaCity has attracted the attention of stars past and present. MetaCity will welcome a number of film stars and singers of many genres and from different eras during this month.

It has already been confirmed that Ian Joseph Somerhalder, star of The Vampire Diaries, famous rappers Snoop Dogg and Russell Simmons, and Hong Kong comic series Teddy Boy, which was a hit with millions of fans in the 80s and 90s, will register on MetaCity, a metaverse project, in April.

Collaboration with big names & classic works is an attractive selling point

MetaCity is a metaverse project developed by TOKAU, a blockchain company based in Tokyo, Japan. One of the key business drivers for a metaverse project is social attraction, which can often be achieved through the fan economy. TOKAU has struck deals with celebrities of all genres and walks of life, including signing an agreement with NBA basketball star Allen Iverson to sell NFTs, as well as with renowned actress Yua Mikami to lead NFT auctions. These partnerships have confirmed TOKAU’s prowess in negotiating with celebrities. TOKAU revealed that this is only the initial lineup of the stars that the blockchain pioneer plans to partner with, and that agreements under consideration with a second lineup of stars are in the middle of legal review. Once completed, several classic American and Japanese anime series will launch on the platform. The lineup will also include European and American female rock singers who have been popular since the beginning of the millennium, as well as some of the actors that starred in several of the US’s most cherished comedy classics.

MetaCity will hold an “Ask Me Anything” session with Teddy BoyClub, a Teddy Boy community in Taiwan, on April 15, when the first group of stars and Metaverse land pre-sales will be announced.

TOKAU declined to disclose its valuation, yet revealed that the total number of Twitter followers of the celebrities already on board with TOKAU has reached 150 million. Investors are keeping a watchful eye on TOKAU’s potential for appreciation.

SOURCE Tokau Limited

DNAverse creates the first NFT collection customized with real DNA in the Metaverse

March 8, 2022 Published by TheBlockchainExaminer.com

3DforScience is thrilled to announce the launch of DNAverse, the world’s first project to integrate users’ real DNA data into customized artwork NFTs. A historical collection inspired by the essential proteins to life and comprised of 200 genesis Cryptoproteins and 3,000 DNApasses. Based on Science Magazine’s Breakthrough of the Year 2021, this project paves the way towards a genetic metaverse.

A team of 3D artists and scientists have closely collaborated to ensure 100% scientific accuracy with the precision of the Protein Data Bank. Each NFT is one-to-one handcrafted and includes a genetic study and a fully personalized artistic interpretation of collectors’ own DNA (DNArts). The NFTs can be deposited into a sustainable and decentralized business model to deliver long-term rewards to its holders.

“Our mission is to replicate life and open a new way for humanity to thrive in the Metaverse,” states David Torrico, Art Director and co-Founder, who adds: “This is just a disruptive first step in our roadmap. DNAverse aims to preserve the essence of life and connect our souls to virtual worlds by blending both worlds organically and artistically.”

By enabling the community’s NFTs and virtual avatars to inherit their genetics, we initiate a movement based on human digital verification, organic NFTs and Bioavatars. The genetic information is handled anonymously, safely and exclusively by a licensed DNA laboratory. As an exclusive benefit for DNAverse collectors, the codification of the genetic information on the blockchain will be offered optionally.

Javier M. Floren, CEO & Co-Founder of 3DforScience and DNAverse, comments: “This is a historic milestone that enhances future digital relationships, which is precisely what makes DNAVERSE disruptive, meaningful and scalable. In the near future, we all will be surfing web 3.0. Our vision is to humanize the Metaverses with verified-as-humans profiles that will carry our own genetic personalization, distinguishing us so from AI bots.”

Founded in 2012, 3DforScience is a renowned scientific visualization company delivering innovative solutions to clients in the life science industry to boost their communication capabilities.

DNAVERSE is the world’s first art NFT collection customized with real DNA data, built upon a utility business model that initiates the BIOmetaverse.

Ethanim CEO Takaaki Ansai: The Metaverse must be Fully Decentralized

March 4, 2022 Published by TheBlockchainExaminer.com

In a recent interview, Ethanim CEO Takaaki Ansai expressed his views on the development of the metaverse: “Many metaverse products or ecologies are still centralized, which could not be called real metaverse. Only the decentralized metaverse is safe, free and eternal, and that is the real metaverse.”

After years of development, the Internet industry has been in a difficult situation. The technological innovation is needed to enter a new round of growth. In 2021, the popularity of the metaverse concept gives people new hope. The new form of Internet, which brings together many new digital technologies, is leading a new wave of technological innovation. The metaverse concept application innovatively introduces a decentralized economic system based on blockchain. NFT becomes an important carrier of the whole system, which successfully bridges the virtual world and the real world. It makes the confirmation of assets and identity as well as circulation realizable possible.

“At present, although the metaverse concept application chain games in the market introduces a decentralized economic system, many chain games only make the digital assets or NFT assets on the chain. The chain game application itself is still deployed on centralized servers, which cannot avoid the situation of the user assets or game being manipulated by individuals or institutions.” Ethanim CEO Takaaki Ansai said, “Ethanim was born to solve the problem through trusted computing technology and innovative ecological logic. So that the whole of the application is on the chain. It helps the chain games implement decentralization to provide users with a real metaverse.”

It is understood that Ethanim is a new generation of public chains, which is a tailor-made metaverse to support the full decentralization of any large application. It uses an entirely new solution that is different from traditional blockchains. It creates a trusted execution environment and monitoring process for applications – RSM (Reliable State Machine). It places the nodes running applications within trusted constraints, regulates and monitors the code integrity and running state of applications, and ensures that the right applications are running in the right place.

At the same time, Ethanim introduces validators to validate the consensus of the reliable state machine, which ensures the decentralization and security of the system. This validation will be very simple, efficient, and does not affect the system performance, so that there is no need for multi-node consensus on the computation results. It solves the problem of inefficient consensus on complex computation from the origin.

In addition, Ethanim not only makes the nodes trustworthy, but also clones real-time snapshots of the applications and stores them in a distributed manner. The users’ behavioral information, digital assets, and virtual identities will be eternal. Even if the application developer modifies the application rules or suspends the running of the application, any community user can restore the application to an arbitrary state at any time. Therefore, Ethanim has historically made the metaverse applications eternal.

Ethanim enables applications to be “eternal” and “decentralized” by making them “trustworthy at runtime” and “recoverable by anyone when shut down”. With this new application decentralization solution, Ethanim creatively support the decentralization of any large application for the first time. It will become a metaverse infrastructure and portal.

After the launch, Ethanim will focus on the techniques to publish the test network online as early as possible. At the same time, Ethanim also looks for partners to lay a foundation for the future ecology of the metaverse.

Tangible to Tokenize Bordeaux Wine Inventory

March 3, 2022 Published by TheBlockchainExaminer.com

One of the world’s first asset-backed NFT marketplaces today announced that they’re bringing the world’s finest wines onto the blockchain.

Bordeaux Index, a large global merchant with offices in London, Hong Kong, Singapore and Los Angeles, will act as a provider to Tangible, allowing the NFT exchange to acquire pristine wine from the company and sell non-fungible tokens backed by the liquid assets.

“We’re leveraging LiveTrade, the trading platform of the UK’s leading specialist fine wine merchant to provide immediate access to NFT collectors across the globe,” said Jag Singh, CEO of Tangible.

Unlike traditional NFTs, Tangible converts real world assets into tangible NFTs (TNFTs) that can be redeemed for the physical product at any time. These assets include gold bars, collectible watches, rare sneaker drops, and fine wines.

LiveTrade CEO Matthew O’Connell commented, “LiveTrade is the primary liquidity platform for fine wine, and so we welcome new market entrants like Tangible who are approaching the space from an innovative perspective.”

Tangible launched in January 2022, and will release their full marketplace in March 2022.

EAST NFT announces ground-breaking partnerships in its quest to become Asia’s premier NFT platform.

March 2, 2022 Published by Roboticulized.com

EAST is a multichain NFT marketplace and ecosystem that prioritizes user experience and specializes in producing fan engagement opportunities. Headlining fashion NFTs on EAST NFT will be Sara Khan, an Indian model, who won the Miss Bhopal title in 2007. Prateik Jain, an Indian model, actor and the winner of Mister World India 2014 and Cindy Sirinya Bishop, a supermodel, actress & host of Asia’s Next Top Model.

The fashion industry is embracing NFTs and blockchain technology, as part of their ambition to improve product knowledge and enhance overall consumer experience. As fashion models, celebrities, artists exhibit their works as NFTs, a profound transition in the global fashion industry is imminent.

Cindy Sirinya Bishop’s NFT series will celebrate the modern woman to promote empowerment. It is based on her creative movement against gender-based violence ‘#DontTellMeHowToDress.’ Partial proceeds from the sales will go towards centres for survivors of sexual and domestic violence.

Sara Khan and Prateik Jain’s collections are due to be revealed later in the year.

NFT art is revolutionary for visual and fine art artists alike to monetize their products. Digital artists have been breaking records since the rise of NFTs in 2021. ArtSmiley has over 1400 registered artists and is a multifaceted community creating an ambiance desired by art lovers. Their aim is to democratize NFT for true Art aficionados.

Sarosh Lodhi and Trikansh Sharma, two award-winning photographers, will also tokenize unique images for collectors soon.

Asian entertainment has significantly influenced the world’s pop culture. In collaboration with Klaytn blockchain, the ‘House of Y’ NFT campaign sees the publication of entertainment NFTs from popular LGBTQ movies and series. The collections include legendary titles such as TharnType 1 & 2, Don’t Say No, Second Chance The Series, and more, for which Thailand is famous. Over 100,000 NFTs will be available as iconic collectibles for fans worldwide.

EAST NFT is also tokenizing assets from International award winning film Bulletproof Anand. Alok Sharma’s short film resurrects the Bollywood gangster trope from the 1990s. The film, which stars Sanjai Mishra, Anshuman Jha, and Jaaved Jaaferi, is a one-of-a-kind tribute to Bruce Lee and Rajesh Khanna’s seminal film.

101 India, a subsidiary of Offbeet Media Group, has been a pioneering digital content brand, producing original tales from all genres. 101 India will tokenize high-class entertainment content on EAST NFT that spans the Indian continent.

Thailand’s most reputable news outlet, Bangkok Post, will celebrate their 75th anniversary by releasing memorabilia NFTs. Rare photo archives containing countless award winning historical visuals will be purchasable on EAST NFT. Anyone can find, collect, and trade historical moments reported by the Bangkok Post’s journalists over generations, whether as photos, cartoons, or graphics.

Cinemaazi is a research center set up by the Indian Cinema Heritage Foundation to document the rich history and heritage of Indian cinema and its people. The Foundation houses an exquisite collection of Indian cinema memorabilia. For wider awareness about the Indian cinema heritage, Cinemaazi will tokenize a part of its collection on EAST NFT.

“Ultimately content is king and the adoption of NFTs in Asia has grown tremendously. Partnering with renowned content and their strong fanbases, the NFT collections are sure to resonate with the global community,” comments Chief Executive Officer, Sithi Srichawla.

EAST NFT is backed by two prominent conglomerates – Fico Corporation and Thoresen Thai Agencies (TTA). They have developed an optimized payment gateway that has made purchasing NFTs super simple, as collectors can pay using fiat money or cryptocurrency. Creators can list their products via auctions, direct sale, raffles, or mystery boxes and receive up to 10% royalty commission after each secondary sale.

“We strive to revolutionize the accessibility and application of blockchain technology and NFTs,” adds Sithi Srichawla.

Early 2022: Blockchain Development in Indonesia Is Getting Massive

March 2, 2022 Published by TheBlockchainExaminer.com

The phenomenon of crypto and blockchain has grown massively in Indonesia. Many companies are ready to develop crypto assets and blockchain technology namely Metaverse, NFT, and DeFi.

In the past few years (especially since the COVID-19 pandemic began in 2020), Oscar Darmawan as the CEO of Indodax (the biggest and most trustworthy crypto exchange in Indonesia) seen a rapid increase in the number of investors in the country. Indodax itself has more than 5 million members in early 2022.

Oscar Darmawan said the blockchain ecosystem in Indonesia has developed so much and emulated other countries. In the Southeast Asian region, Indodax is also one of the local exchanges with the most members.

“There are many crypto and blockchain asset developers in Indonesia. As a matter of fact, there are many companies in Indonesia stating that they are ready to develop blockchain technology,” said Oscar Darmawan.

As a crypto asset trader, Oscar greatly appreciates the government’s policies that are really receptive to the crypto ecosystem. In Indonesia, crypto is not authorized as a currency or payment method. Crypto is only authorized as investment, hence crypto is treated and defined as assets. The government has recognized crypto assets as one of the important commodities.

“From the regulator’s point of view, I see that the government has been very receptive to crypto. The Indonesian government not only gives a nod to crypto trading but is also very open to crypto asset exchanges like Indodax and strongly supports the development of crypto tokens created by the local creators,” explained Oscar.

The rapid trend of investment in crypto assets is in line with data from the Trade Ministry’s Futures Exchange Supervisory Board (Bappebti) which is responsible for directly overseeing crypto investment in Indonesia. Based on data from Bappebti, the number of crypto investors at the end of 2021 has reached more than 11 million, increasing significantly from 4 million investors recorded in 2020.

“We can see that crypto is a digital product that has a huge potential in Indonesia and this digital commodity is expected to create a new investment ecosystem,” said Oscar.

As a pioneer in Indonesia’s crypto exchange, Indodax has always committed to educating its members all about crypto investment. Moreover, Indodax also strongly supports domestic crypto developers and people in the blockchain industry to continue to grow.

“Hopefully, Indonesia will become a big player and the driving force in the crypto and blockchain industry in terms of mining, traders, as well as developers, not only as a market. I think Indonesia has tremendous potential and through blockchain, Indonesia can forge ahead in more advanced areas than developed countries. This is a very good opportunity in the industrial era 4.0,” Oscar concluded

DeepMarkit Achieves Successful Registration on Gold Standard and Verra Carbon Registries

March 1, 2022 Published by TheBlockchainExaminer.com

DeepMarkit Corp., (“DeepMarkit” or the “Company”) (TSXV: MKT) (OTC: MKTDF) (FRA: DEP), a technology company focused on creating next-generation ESG-driven tools and technologies to aid businesses in sales development and increasing profitability, is pleased to announce that its wholly owned subsidiary, First Carbon Corp. (“FCC“), has become successfully registered on both the Gold Standard and Verra carbon credit registries. The Gold Standard and Verra carbon offset registries establish the core rules and requirements that must be met in order for a carbon project, program or activity to become certified. The two registries display the performance of carbon projects and provide critical tracking services to account holders and transparent project documentation to the public.

“Finalizing our registration on two of the largest and most reputable carbon credit registries in the world is an important milestone for DeepMarkit. Maintaining a strong relationship with Gold Standard and Verra will keep us plugged into the offset market. It will also enable us to open dialogues with existing and new carbon credit project developers as potential onboarding candidates to our proprietary MintCarbon.io platform,” said Ranjeet Sunder, Interim Chief Executive Officer of DeepMarkit.

In the minting of NFTs from carbon credits, it is important to prove through registry verification and smart contracts on the blockchain that a holder of an NFT actually owns its underlying carbon credit. As a subsidiary of DeepMarkit, and in addition to obtaining representations and warranties through a comprehensive agreement with each customer, FCC will ensure the legitimacy and ownership of the carbon credits through verification on the Gold Standard or Verra registry. FCC expects to become successfully registered on other registries as they emerge and achieve the same or greater credibility maintained by Gold Standard and Verra.

Through the utilization of carbon registries, FCC can certify to its clients and customers that the underlying value of a carbon credit is legitimate. This will provide transparency and certainty regarding the individuality of the NFTs minted via FCC’s MintCarbon.io platform. Additionally, the Gold Standard and Verra registries offer a database of hundreds of thousands of verified carbon credit projects, which are expected to be essential for FCC’s carbon credit minting pipeline.

Registries oversee the independent verification of projects that meet science-based standards and follow approved carbon accounting methodologies. This ensures the accuracy, precision and rigor in the measurement, monitoring and verification of emission reductions. Gold Standard and Verra provide the flexibility of a wide range of methodologies that diversify offset sourcing options and demonstrate environmental benefits beyond emissions reductions.

Gold Standard and Verra are tax-exempt, not-for-profit organizations, that have become trusted by a broad range of stakeholders, including but not limited to non-governmental organizations, the private sector and governments. They are widely recognized and used in both the voluntary and compliance-driven carbon credit markets because they deliver credible and transparent assessments of project performance.

Tag: NFT