SafeMoon Gaming: Fortnite | SafeMoon Partner Highlight: Rhythm | Blockchain Education: NFT Value | Community: Videos - Twitter Spaces | Blockchain News: El Salvador to Open a ‘Bitcoin Embassy’ in the US - Napster's Web3 Acquisition of Mint Songs - World’s First Crypto Green Bond | Food for Thought | SafeMoon Stats | SafeMoon Partners: EverGrow - Shido - Empire Token - Croge Coin - DxSale - Grove Coin -
Mirror Protocol - Glow Token | Reminders
SafeMoon Gaming: Fortnite
The storm rages on! Join the gaming community on the Fortnite battleground tomorrow at 1 PM MDT. Head over to the SafeMoon Gaming Discord to take part in the fun.
Today the gaming community is playing Goose Goose Duck. Interested in joining? Learn more here.
SafeMoon Partner Highlight: Rhythm
Rhythm is a company that operates in the realm of decentralized finance (DeFi) and music streaming. It aims to create a more accessible, transparent, and community-driven financial system and to bring innovation to the music industry through the use of DeFi technologies.
Short Term Goals:
Building a CeDeFi version of its music streaming platform that allows users to access a large library of songs, music videos, and podcasts and using embedding tools to create a simple, user-friendly interface for streaming content from platforms like YouTube, Spotify, and Apple Music.
Integrating the Rhythm Protocol into the CeDeFi platform could potentially allow for wallet perks, NFT pins, NFT playlists, NFT albums, and other projects.
Gradually transitioning the music industry to a decentralized system that works end-to-end by leveraging the power of DeFi technologies.
Building a fully decentralized application (dApp) version of its music streaming platform that is community-driven and allows for community votes on new feature ideas, more use cases, and new projects.
Encouraging well-known artists to join the DeFi space by offering them something of value, such as more control over their music and how it is monetized and a fairer distribution of revenue.
Creating a more stable, transparent, and accessible financial system through the use of DeFi technologies that is less reliant on centralized intermediaries and more responsive to the needs and desires of its users.
Blockchain Education: NFT Value
In an article published by Cointelegraph, the author discusses the factors that play a role in determining the value of an NFT.
Non-fungible tokens (NFTs) are unique digital assets that are stored on a blockchain.
The value of an NFT is determined by various factors, including rarity, the reputation of the creator, historical significance, and overall demand.
The ecosystem in which an NFT exists can also affect its value, such as the popularity of the blockchain platform or support from the wider community.
The market determines the value of an NFT, which can fluctuate based on a range of factors.
Assessing the value of an NFT requires careful consideration of these factors and a willingness to adapt to changes in the market.
El Salvador to Open a ‘Bitcoin Embassy’ in the US
El Salvador is furthering its connection with Bitcoin by establishing a "Bitcoin Embassy" in the United States through a partnership with the government of Texas. This collaboration comes after El Salvador adopted Bitcoin as legal tender in 2021. The purpose of the embassy is to serve as El Salvador's representative office in Texas and to develop joint projects to promote Bitcoin adoption. Milena Mayorga, the Salvadoran Ambassador to the United States, made the announcement via a statement on Twitter on Feb. 14. [Source: Cointelegraph]
Napster's Web3 Acquisition of Mint Songs
Napster, the music sharing service that was popular in the early 2000s, has made the leap from Web1 to Web3 with its acquisition of NFT music platform Mint Songs. The acquisition, made through Napster Ventures, will help Napster integrate Web3 strategies into its operations. Mint Songs allows artists to create exclusive art for their fans and turn their music into NFTs.
Jon Vlassopulos, CEO of Napster, praised the current era of innovation in the digital music space and expressed excitement over the potential for a better music ecosystem for both artists and fans. Nate Pham, former Head of Product at Mint Songs, has been hired to lead Napster's Web3 product initiatives, and Garrett Hughes, former co-founder and CTO of Mint Songs, will serve as an adviser. Hughes expressed confidence in Napster's ability to build on Mint Songs' work, noting that the introduction of collectibles and other Web3-based features will help artists monetize their fandom and engage with fans in new and innovative ways.
This move by Napster comes at a time when other large music corporations are exploring Web3 strategies, such as Warner Music Group's search for a senior director for metaverse development and the creation of a digital music collectible startup called Vault by the former co-founders of sports betting company Fan Duel. [Source: CoinDesk]
World’s First Crypto Green Bond
Hong Kong has been exploring the potential of blockchain technology, and the latest report suggests that the Hong Kong government was able to sell around 800 million HK dollars, which is roughly $102 million, of tokenized green bonds, with a yield of 4.05%.
Paul Chan, the Financial Secretary of Hong Kong, praised the country's latest achievements in the digital economy and highlighted the successful issuance of the tokenized green bond as an essential milestone, demonstrating Hong Kong's strengths in combining the bond market, green and sustainable finance, as well as fintech.
The tokenized green bond sale was executed by Goldman Sachs GS DAP, a blockchain tokenization platform. It reflects the banking giant's efforts to contribute to the digitalization of capital markets and increase efficiency across debt issuances. [Source: Bitcoinist] What is a green bond?
According to Investopedia, a green bond is a fixed-income security that aims to raise funds for climate and environmental projects. These types of bonds are usually backed by the balance sheet of the issuing entity and may be linked to specific assets. They typically have the same credit rating as other debt obligations issued by the same entity.
The term "green bond" has been in use since the early 21st century and is sometimes used interchangeably with "climate bond," although the latter specifically finances projects aimed at reducing carbon emissions or mitigating the effects of climate change, while the former includes a wider range of instruments supporting projects with a positive environmental impact.
Food For Thought
"Remember in an ever evolving world observation and patience are powerful tools for success! By taking a step back, gathering information, and assessing the situation, we can make smart and strategic decisions that lead to positive outcomes."
"Assume command of your fate by having faith in yourself. Don't pay attention to those who attempt to dissuade you, and steer clear of negative influences such as individuals, locations, and behaviors."
"When everything seems to be going against you, remember that an airplane takes off against the wind, not with it. Nothing is like it seems, but everything is exactly like it is 😉 Make someone smile today, and as always, #BeKind 💙"
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