Innovative Applications of Blockchain Tech Lead to the Rise of Non-Fungible Tokens

NEW YORK, April 7, 2021 /PRNewswire/ — The recognition of NFTs continues to develop as extra celebrities be a part of the market development. For instance, Tom Brady is launching an NFT platform referred to as Autograph within the close to future. In accordance with a report by CNN Enterprise, Dillon Rosenblatt, co-founder and CEO of Autograph defined that “Autograph will convey collectively a few of the world’s most iconic names and types with greatest at school digital artists to ideate, create and launch NFTs and ground-breaking experiences to a group of followers and collectors.” Non-fungible tokens are models of knowledge on a digital ledger (blockchain), the place every NFT can symbolize a singular digital merchandise. NFTs can be utilized to commodify digital creations, reminiscent of digital artwork, online game objects, and music recordsdata. Scienjoy Holding Company (NASDAQ: SJ), Snipp Interactive Inc. (OTC: SNIPF), Liquid Media Group Ltd. (NASDAQ: YVR), Corridor of Fame Resort & Leisure Firm (NASDAQ: HOFV), WISeKey Worldwide Holding AG (NASDAQ: WKEY).

Within the meantime, blockchain and cryptocurrencies are being more and more launched into the mainstream. As an example, there was an inflow of corporations shopping for bitcoin and accepting it as fee in current instances. Moreover, corporations like Tesla and Sq. have put an emphasis on cryptocurrency in current months. And, on account of the current crypto growth, buyers have as soon as once more began to view the brand new digital currencies as potential long-term investments vital in a correctly diversified portfolio. Due to this fact, it’s not shocking that ETFs with a deal with crypto and blockchain are doing in addition to they’re. “Simply over three years in the past we launched the primary actively-managed ETF centered on the dynamic market section of blockchain-related shares,” stated Amplify CEO Christian Magoon.

Scienjoy Holding Company (NASDAQ: SJ) introduced yesterday breaking information that, “by means of its wholly owned subsidiary, Scienjoy Inc., it has entered right into a strategic alliance (the “Alliance”) through a Grasp Providers Settlement with Snipp Interactive Inc. (“Snipp”) (TSX-V: SPN; OTC: SNIPF), a world supplier of digital advertising promotions, rebates, and loyalty options. By means of the Alliance, each events will discover other ways of incorporating Snipp’s Buyer Acquisition, Retention and Engagement (C.A.R.E) platform into Scienjoy’s suite of cell purposes. The preliminary cooperative exploration between each events are anticipated to deal with the next two areas:

First, Scienjoy will mix its in-app forex resolution with Snipp’s loyalty and rewards engine to develop a brand new loyalty and rewards system. It will allow Scienjoy to reinforce its consumer expertise, domesticate further income streams, and discover the potential of utilizing cryptocurrencies on its platform. As a part of this technique, Scienjoy will make the most of Snipp’s platform to offer Scienjoy’s broadcasters and customers with extra alternatives to earn factors by means of engagement. Broadcasters and customers will have the ability to redeem these factors for varied digital rewards, together with Scienjoy’s digital forex, Bitcoin present playing cards, retailer present playing cards, trinkets, and extra. Past enhancing Scienjoy’s consumer acquisition, retention, and engagement capabilities, this new loyalty and rewards system can even function an extra monetization channel for the Firm, as third-party manufacturers excited about reaching Scienjoy’s sizable consumer base will have the ability to sponsor occasions, broadcasters, and dwell broadcasts by means of the system.

Second, each events will work collectively to allow broadcasters to mint their very own non-fungible tokens (“NFTs”) on Scienjoy’s platform and permit customers to make the most of the factors they’ve accrued by means of the brand new loyalty and rewards system to bid on and buy NFT “momentos” from their favourite broadcasters. Along with strengthening the relationships between broadcasters and their followers, this initiative will present broadcasters with extra monetization alternatives, increase broadcaster loyalty, and appeal to extra new artistic expertise to Scienjoy’s platform.

Mr. Victor He, Chairman and Chief Government Officer of Scienjoy, commented, ‘With roughly 250 million customers and 300,000 broadcasters throughout our ecosystem, we’re well-positioned to assist our companions enhance their outreach efficacy. Snipp’s cutting-edge know-how and loyalty options will serve to additional strengthen our price propositions for customers and broadcasters alike. Our resolution to discover the utilization of each cryptocurrencies and NFTs by means of this strategic alliance additional underscores our dedication to integrating these options which might be new, revolutionary, aligned with our enterprise targets, and able to fueling our long-term development trajectory.’

Mr. Atul Sabharwal, founder and Chief Government Officer of Snipp, commented, ‘We’re excited to associate with Scienjoy and leverage its established infrastructure to make our preliminary foray into the Chinese language market. By connecting to Scienjoy’s substantial consumer base and proficient broadcaster pool, we can present our portfolio of worldwide manufacturers and Fortune 500 shoppers with extremely focused advertising packages within the area. We proceed to obtain curiosity from markets exterior of North America and look ahead to constructing our presence in these areas going ahead.'”

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Snipp Interactive Inc. (OTC: SNIPF) and Scienjoy Inc., subsidiary of Scienjoy Holding Company introduced yesterday that it has entered right into a strategic alliance through a Grasp Providers Settlement.  By means of the Alliance, each events will discover other ways of incorporating Snipp’s Buyer Acquisition, Retention and Engagement (C.A.R.E) platform into Scienjoy’s suite of cell purposes.  Mr. Victor He, Chairman and Chief Government Officer of Scienjoy, commented, “With roughly 250 million customers and 300,000 broadcasters throughout our ecosystem, we’re well-positioned to assist our companions enhance their outreach efficacy. Snipp’s cutting-edge know-how and loyalty options will serve to additional strengthen our price propositions for customers and broadcasters alike. Our resolution to discover the utilization of each cryptocurrencies and NFTs by means of this strategic alliance additional underscores our dedication to integrating these options which might be new, revolutionary, aligned with our enterprise targets, and able to fueling our long-term development trajectory.”  Mr. Atul Sabharwal, founder and Chief Government Officer of Snipp, commented, “We’re excited to associate with Scienjoy and leverage its established infrastructure to make our preliminary foray into the Chinese language market. By connecting to Scienjoy’s substantial consumer base and proficient broadcaster pool, we can present our portfolio of worldwide manufacturers and Fortune 500 shoppers with extremely focused advertising packages within the area. We proceed to obtain curiosity from markets exterior of North America and look ahead to constructing our presence in these areas going ahead.”

Liquid Media Group Ltd. (NASDAQ: YVR) introduced on March thirty first, plans to create the primary of its form multi-token IP platform. Liquid is engaged in partnership discussions for platform engineering with CurrencyWorks.  “Tokenization provides a number of advantages for content material creators and we consider our multi-token platform will rework the complete media business,” stated Ron Thomson, CEO of Liquid Media. “With it, artistic professionals can drive new income streams primarily based on digital NFT exclusives and collectibles, enhance viewers engagement, gamify their mental property, assure recurrent licensing charges utilizing sensible contracts, provide subscription entry through utility tokens, elevate venture financing by means of safety tokens and extra, all by means of a single platform. We’re extraordinarily excited by the continuing income and portfolio alternatives for Liquid over the long run and look ahead to a speedy adoption of this forward-facing know-how.”

Corridor of Fame Resort & Leisure Firm (NASDAQ: HOFV) introduced on March twenty third, that it has signed a partnership with Dolphin Leisure, Inc. (NASDAQ: DLPN), a number one impartial leisure advertising and premium content material growth agency, to supply non-fungible tokens (“NFTs”) that can permit followers {of professional} soccer and sports activities leisure to purchase and promote unique content material developed by HOFV and its companions. The partnership offers the Firm with one other approach to generate income from its burgeoning media division. “We’re thrilled to be partnering with Dolphin, an rising thought chief within the NFT market, to speed up our entry into the area,” stated Michael Crawford, President and CEO of HOFV. “The numerous progress we now have made on our strategic initiatives since going public in July 2020 has allowed us to be able the place we will provide people the chance to personal NFTs related to unique content material centered on skilled soccer. This partnership will present us with one other alternative to unlock further worth from the one-of-a-kind media tasks we now have in growth.”

WISeKey Worldwide Holding AG (NASDAQ: WKEY) introduced on April 1st, that it plans to launch bodily and digital NFTs in soccer.  WISeKey’s WISfans© NFT platform retains followers engaged on and off the sector by means of a digital ‘clubhouse’ ecosystem that faucets into sport franchise’s fanbase, centralizes and curates the large quantity of content material (blogs, match studies, movies, pictures, fan-supported social campaigns, Twitter, Fb, and sports activities boards), and injects ongoing unique further content material supplied by the group and its gamers.  WISfans NFT platform additionally helps creating blockchain interoperability between completely different blockchain-based soccer golf equipment utilizing WISeKey’s decentralized market for bodily and digital property. The WISfans market will embrace NFTs to symbolize the bodily property (in depth vary of signed soccer memorabilia contains autographed soccer shirts, pictures, balls, packages, boots, and goalkeeping gloves from the world’s high gamers, and so on.) and/or digital property mixed with fungible tokens for extra fluid value discovery and allow staking on property.

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