Animoca Brands Unveils Plans for K-pop NFT Metaverse 0 22

Animoca Brands in its most recent press release announced that it has decided to develop a partnership with the K-Pop to build the “K-Pop Metaverse.” K-Pop a Korean record label that is worldwide famous has decided to enter the cryptocurrency marketplace.

This is another classic case of NFT (Non-Fungible Tokens) continuing to attract famous names from the entertainment industry. Most recently NFTs have dismantled the entertainment, gaming, sporting, and corporate world. It seems that NFT is the future of the digital world.

In order to launch their own Metaverse, K-Pop has joined hands with the FT gaming firm Animoca Brands. Animoca Brands and South Korean record label, talent agency, and music production company Cube Entertainment to build a “K-pop music metaverse.”

The official announcement was made on Monday. They together will develop multimedia NFT tokens featuring K-Pop’s iconic moments.  These multimedia NFT tokens will include the portraits of artists, album arts, and digital sound sources as well.

While discussing this idea the CEO of Animoca Brands, Yat Siu, said that he is quite excited about the idea and cannot wait for anylonger to start working on the project. Animoca described the partnership as enabling “true digital property rights and other blockchain benefits” for both the artists on Cube’s roster and their fans.

On the other hand, Ahn Woo-Hyung, CEO of Cube, said that this move will be regarded as historic that will not just change the Korean but the world’s digital platform. “It is a landmark step towards the improvement of global digital market culture and practices with a primary focus on digital content industry.”

The top leadership of both business organizations has stressed that people are major stakeholders of this project. The project with providing the private sector with a way to have a great presence when it comes to the metaverse.

On the other hand, the civil society of Korea has already shown keen interest in accepting this project. A large number of K-Pop fans across the globe have already been waiting for the project to start. Siu has long emphasized the disruptive form of ownership enabled by NFTs.

As of this writing, Animoca is has been deeply connected in developing the various NFTs projects over the years. They played a massive role in the growth of various NFT projects. However, this seems to be the most iconic digital initiative for them as well.  Animoca Brands as of now has invested in Dapper Labs, it has also played a massive role in the rampant success of  CryptoKitties.  But it seems that developing the NFTs tokens for the K-Pop will be the biggest of them all. K-Pop’s worldwide fan following is what makes this project eye-catching for everyone.

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MELT, GTC, PAL, and more Cryptocurrencies among Highest Gainers in Past 24-hours 0 16

In the list of highest gaining cryptocurrencies, the cryptocurrency on the top is Defrost Finance (MELT). In the past 24-hours, MELT has observed a 192.83% surge in its price, surging it all the way up to $11.97 per MELT. Similar to the price surge in the past 24-hours, MELT’s trading volume in the past 24-hours has increased to $1,177,520. MELT is currently the 3220th largest cryptocurrency in the crypto-verse in terms of its $1,401,512 market valuation.

The next cryptocurrency coming after Defrost Finance is Gitcoin (GTC). In the past 24-hours, GTC has observed a 171.08% surge in its price, surging it all the way up to $25.56 per GTC. Similar to the price surge in the past 24-hours, GTC’s trading volume in the past 24-hours has increased to $1,199,791,917. GTC is currently the 264th largest cryptocurrency in the crypto-verse in terms of its $363,625,405 market valuation.

The next cryptocurrency coming after Gitcoin is PlayAndLike (PAL). In the past 24-hours, PAL has observed a 168.43% surge in its price, surging it all the way up to $0.0000016 per PAL. Similar to the price surge in the past 24-hours, PAL’s trading volume in the past 24-hours has increased to $52,540. PAL is currently the 4780th largest cryptocurrency in the crypto-verse in terms of its $144,015,382,197 market valuation.

The next cryptocurrency coming after PlayAndLike is Elonomics ($ELONOM). In the past 24-hours, $ELONOM has observed a 131.06% surge in its price, surging it all the way up to $0.02629 per $ELONOM. Similar to the price surge in the past 24-hours, $ELONOM’s trading volume in the past 24-hours has increased to $212,424. $ELONOM is currently the 3934th largest cryptocurrency in the crypto-verse in terms of its $26,633 market valuation.

The next cryptocurrency coming after Elonomics is ICE ROCK MINING (ROCK2). In the past 24-hours, ROCK2 has observed an 85.68% surge in its price, surging it all the way up to $0.01744 per ROCK2. Similar to the price surge in the past 24-hours, ROCK2’s trading volume in the past 24-hours has increased to $67,982. ROCK2 is currently the 2229th largest cryptocurrency in the crypto-verse in terms of its $274,300 market valuation.

The next cryptocurrency coming after ICE ROCK MINING is India Coin (INDIA). In the past 24-hours, INDIA has observed a 128.93% surge in its price, surging it all the way up to $0.0000006419 per INDIA. Similar to the price surge in the past 24-hours, INDIA’s trading volume in the past 24-hours has increased to $452,332. INDIA is currently the 3571st largest cryptocurrency in the crypto-verse in terms of its $3,975,380 market valuation.

Even more cryptocurrencies are joining the ranks of top gainers and among these cryptocurrencies are KING, ALLBI, HIKO, and many more.

Crypto.com is Now First-Ever Exchange that is now Adhering to SOC 2 Standards 0 17

As per the latest reports, Crypto.com has made an announcement in regards to acquiring a new certification. Crypto.com, one of the most popular cryptocurrency exchanges has announced that it is now in full compliance with the SOC 2 standards. Crypto.com is based in Singapore and it has a global user base.

The exchange has announced that it has successfully acquired the SOC 2 certification after a successful audit. The exchange has announced that it had Deloitte carry out the audit prior to granting certification.

Deloitte is a global consulting firm that has been around since 2015, is based in the United Kingdom. It is spread all over the world, currently providing its services in over 150 countries.

The SOC is reportedly a traditional finance standard that is known all over the world. With the acquisition of the SOC 2 certification, Crypto.com has become the first-ever cryptocurrency exchange to have acquired this recognition.

The SOC 2 certification is granted to traditional financial institutions that are considered highly trustworthy in the financial sector. Prior to the granting of the certification, the operations, policies, and information practices of the company are audited and attested. If the particular company is able to pass all the audits successfully, it is granted the SOC 2 certification.

After the acquisition of the SOC 2 certification, Crypto.com has now become the securest and most trustworthy trading platform or cryptocurrencies. The exchange has even earned the title of being the only cryptocurrency exchange that is now SOC 2 certified.

With the acquisition of the SOC 2 certification, Crypto.com has set a new standard that every major exchange would want to achieve. This will increase the standards of the regulatory framework within the cryptocurrency industry. Now, the major exchanges will be competing with each other in order to acquire the SOC 2 certification.

It is being expected that with the acquisition of the SOC 2 certification, Crypto.com will be able to attract a tremendous number of users.

With the SOC 2 standard in its grasp, the exchange can confidently claim to be offering the most reliable services to users. The exchange can offer high regulatory compliance, privacy, and security to the users.

The CEO and co-founder of Crypto.com, Kris Marszalek, talked about the recent achievement of their company. He stated that with the acquisition of the SOC 2 certification, they are able to prove to the world how well their exchange has been working.

Their exchange has finally achieved a new goal, which is going to increase the competition within the crypto-verse. With the new certification, they are now able to offer a lot more to the users than any other exchange.

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