Category: SeaPRwire

Partnering with YeloPlay and BeatFarm Elastos shows the potential of the New Age of Bitcoin, Creators and Artists can eliminate intermediaries, reduce fees, retain ownership and drive immediate revenue. Singapore – September 20, 2024 – (SeaPRwire) – Elastos, a SmartWeb ecosystem provider, today created the World’s first live music inscription at its Asia OnChain Real World Assets (RWA) event at Token 2049. Elastos, part of the Group supported by the Singapore headquartered Elastos Foundation, used its eScription technology to create a recording that was not only inscribed live to Bitcoin and the Elastos Smart Chain (ESC) but now remains available to artists and fans for all time as a minted collectible of the occasion. This is a significant example of the New Age of Bitcoin, where artists and creators can eliminate intermediaries, reduce fees and drive immediate revenues, while retaining an immutable record of their work. This first recording was supported by Elastos partners, YeloPlay, a Web3 platform with a catalog of Indian and Sri Lankan soundtracks, film scores, and hits and BeatFarm, a transformative music industry platform focused on the development of new inscription technology and blockchain-based music consumption models. Today’s demonstration is a significant moment in showing the potential for Bitcoin and the Bitcoin infrastructure to deliver a new economic model. The song being inscribed is “Back to the start” composed and performed by Mike De Zilva, Kat Sonata and Charth Fernando. ESC Transaction: https://esc.elastos.io/tx/0x79c7133488539c63d1fcf81bff6a8826a4df40c14fdd4eae73fb9b0072e8b411/internal-transactions Bitcoin Transaction: https://mempool.space/tx/e947500f21340a2760ef3c00f54f52ae7f2524bfd6ce2658dceb5dba4dc86729 BeatFarm enables this inscription by inscribing an Ordinal on Bitcoin and an eScription on ESC, which is attractive to Bitcoin holders as it maintains the benefits of the currency’s security and integrity to protect their investment. For creators and artists, it means Bitcoin owners can easily use their currency without bridging, wrapping or otherwise interfering with the Bitcoin layer. The inclusion of ESC is important, as it avoids network congestion and additional fees that would otherwise result, allowing users to establish Smart Contracts on their own terms, ultimately becoming an attractive alternative way to commercialize content. Jonathan Hargreaves, Global Head of Growth, Elastos explains: “This is a key moment for Web3 models and the music industry as for the first time an instantaneous record of a performance can be created and monetized using Bitcoin and crypto technologies. This gives artists ownership rights and control, as well as a direct relationship with their fans cutting out intermediaries and their fees. This approach has the potential to transform how music is made, consumed and stored, empowering everyone to enjoy and cherish the creative product.” One interesting aspect of the Elastos BIT Index is that BRIC nations and the Global South are moving quicker to embrace Bitcoin. For example, 24% of tech-savvy Indian consumers and 26% of UAE respondents use Bitcoin every day as their currency of choice compared to the global average of 18% while only 11% of Germans, 13% of UK respondents, 14% of South Koreans and 15% of US tech-savvy consumers are prepared to do the same. Furthermore, 91% of Nigerians and 90% of Indians see a time when Bitcoin could become a type of ‘default’ current compared to only 70% in Germany and 73% in the UK and South Korea, and 75% in the US. Therefore, it is perhaps no surprise that YeloPlay, whose back catalogue includes material from some of Sri Lanka’s most famous artists such as Roshan de Silva, Mariazel Goonathilaka, Nalin Perera, Mike De Zilva, Shane Vincent, and Joel Fernando, has participated in this project. Jonathan Hargreaves continues: “Although today’s first live inscription signals both a technological and creative revolution, it also enables cultural renaissance where artists from anywhere in the world, such as these Sri Lankan and Indian artists supported by YeloPlay, can experience new artistic and economic opportunities. It means every community can promote and share a unique cultural record by preserving it on the Bitcoin infrastructure forever.” Beatfarm’s Co-Founder, Alex Panos shared: “Crucial to this revolution, BeatFarm is providing artists the tools and resources to control their content, collaborate, and take advantage of new ways to connect with their super fans in ways which we haven’t seen before, supporting communities and social media movements who want to share musical culture.” Mike de Zilva, Founder and CEO of YeloPlay, describes completion of the live eScription as a milestone for the creative and music industries: “The World’s first live eScription, literally, signals the moment when artists regained control over their creations – it’s massive. And it’s not limited to content, Bitcoin-backed eScriptions will enable artists to develop and define completely new relationships with their audiences, incentivising super fans, for instance, with exclusive content, access and experiences. All on the artist’s terms,” says Mike. About BeatFarm BeatFarm is a Web3 music distribution platform that enables artists to mint and inscribe their music onto multiple blockchains simultaneously, while also connecting directly with their superfans. BeatFarm aims to democratize music distribution by leveraging blockchain technology to provide artists with unprecedented control over their work and direct access to their fans. For more information, please go to: https://beatfarm.io/ About Elastos Elastos is a public blockchain project that integrates blockchain technology with a suite of reimagined platform components to produce a modern Internet infrastructure that provides intrinsic protection for privacy and digital asset ownership. The mission is to build accessible, open-source services for the world, so developers can build an internet where individuals own and control their data. The Elastos SmartWeb platform enables organizations to recalibrate how the Internet works for them to better control their own data. Social Links LinkedIn: https://www.linkedin.com/company/elastosinfo/ Media Contact Company: Elastos Contact: Roger Darashah Website: https://elastos.info SOURCE: Elastos The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Sectors: Top Story, Corporate News SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. 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Brasilia, Brazil – September 13, 2024 – (SeaPRwire) – Kess Energy, an innovative Brasilia, Brazil-based lithium mining and exploration company, is pleased to announce the commencement of a comprehensive feasibility study on a new prospective project located on a newly acquired Caxeira lithium deposit, located in the state of Minas Gerais. This project represents a significant milestone in the company’s strategic efforts to expand its portfolio and strengthen Brazil’s position in the global lithium market. Lithium-rich The new deposit is situated in one of the most promising lithium-rich regions in the world. With growing global demand for lithium, driven by the unrelenting proliferation of electric vehicles (EVs) and demand for renewable energy storage solutions, this project is poised to contribute significantly to the supply of this critical mineral. “We are excited to begin this new phase of development at this deposit,” said Isabel Manto, Chief Operations Officer of Kess Energy. “This feasibility study is a crucial step in assessing the full potential of the site, as we aim to bring sustainable and high-quality lithium production online to meet the increasing demands of the global market.” Key Objectives The feasibility study will focus on several key areas, including: Resource Evaluation: Detailed geological assessments and drilling programs will be conducted to define the size, grade, and quality of the lithium resources within the Caxeira deposit. Technical Analysis: The study will evaluate the most effective and sustainable mining and processing methods, ensuring the project aligns with the highest environmental and operational standards. Economic Viability: Comprehensive financial modeling will be undertaken to assess the project’s economic potential, including capital and operating costs, projected revenues, and potential return on investment. Environmental and Social Impact: Kess Energy is committed to responsible mining practices. The feasibility study will include an in-depth analysis of the potential environmental and social impacts of the project, with a focus on minimizing any adverse effects and maximizing benefits for the local communities. Commitment to Sustainable Development As part of its ongoing commitment to sustainability, Kess Energy will engage with local stakeholders, including government agencies, community leaders and environmental organizations, throughout the feasibility study process. The company is dedicated to ensuring that the Caxeira project contributes positively to the region’s economic development while preserving the environmental integrity of Minas Gerais. The feasibility study is expected to be completed by January 2025, at which point Kess Energy will review the findings and make a final investment decision on the development of the Caxeira lithium deposit. Pending positive results, the company anticipates that the Caxeira project could become a major contributor to Brazil’s growing lithium production capacity. “We believe that the Caxeira deposit has the potential to be a game-changer for both our company and Brazil’s role in the global lithium supply chain,” added Ms. Manto. “We are committed to advancing this project with the highest levels of professionalism and responsibility.” About Kess Energy Kess Energy is a junior lithium mining company dedicated to meeting the increasing global demand for lithium through responsible and sustainable mining practices that respect and consider the needs of the communities in which its assets are located. With a portfolio of high-quality lithium assets and a commitment to innovation, Kess Energy is well-positioned to play a pivotal role in the energy transition while enabling communities to share in the commercial benefits of its business. Know more please contact Phone No.: +55 61 4042 9257 Media Contact Brand: Kess Energy Contact: Joseph Hera Email: contact@kessenergy.com Website: https://kessenergy.com The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Sectors: Top Story, Corporate News SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in different languages, including: IndonesiaFolk, IndoNewswire, SEATribune, IDNewsZone, LiveBerita, DailyBerita, TaiwanPR, SinchewBusiness, AsiaEase, BuzzHongKong, SingapuraNow, TIHongKong, TaipeiCool, TWZip, AsiaFeatured, dePresseNow, THNewson, KULPR, VNFeatured, MENAEntry, HunaTimes, DubaiLite, ArabicDir, BeritaDaring, TekanAsia, JamKopi ...