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Blockchain may have once been considered a fad that would pass, but as time passes, the use of blockchain tech becomes ever more present, as the ever-widening number of industries embracing the concept and the technology. Social entertainment, same as Bitcoin and other cryptocurrencies, has jumped on the blockchain bandwagon, with You42 being the first to develop a platform that brings games, music, video, sports, news to you in one central social space.
For the fans, the single platform brings them ever closer to the artists and authors, while record labels, studios, artists, authors, and creators are able to maxim their earning potential by cutting out the middlemen that eat away at their respective earnings potentials.
In the music and film industries, streaming has become particularly popular. With the likes of YouTube, Spotify and Netflix taking the mass market share, control has essentially just shifted away from the film production companies and music record labels to the new platforms that have benefited from mass audiences, YouTube alone drawing in over 1 billion users. With artists becoming ever more conscious of the loss of earnings, the power of the larger social entertainment platforms being similar to the record labels and production companies that are responsible for distributing of product to the mass market.
The availability of blockchain technology and the arrival of You42 Platform could not have come at a better time. You42 is looking to bring an end to the days of the record label executives demanding high fees for recording and distribution, by bringing the artists and their audiences together on the You42 platform. This helps to stoke the creative potential of people who have artistic skills but lack the money and equipment to turn those skills into art.
Publishing Features- As a social media platform, You42 allows artists to publish their art so the whole world can see it. It also provides private publication options, in which artists can make their work specially available as rewards for their biggest fans. Monetization Options- You42 gives artists the freedom to decide how they want to monetize their work, putting them back in control.
With the U42 Token, they'll have more opportunities to advertise their content and broaden their audience. With the public ICO on July 2nd, You42 hopes to continue this success and obtain the financing it needs to sustain and grow the community around the platform, giving control back to artists and allowing them to connect with fans in new and exciting ways.
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Bell has a thorough understanding of what it takes to work with large numbers of artists and generate mass market appeal. The company has brought on security expert Ben Eazzetta as a brand ambassador. It aims to connect entertainment content creators with their followers.
FULL STORY Social Entertainment will be Revolutionized by Blockchain June 25, — Social entertainment, same as Bitcoin and other cryptocurrencies, has jumped on the blockchain bandwagon, with You42 being the first to develop a platform that brings games, music, video, sports, news to you in one central social space. You42 is reinventing modern artistic publication by giving artists a place to distribute and profit from their work without relying on the major studios.
The You42 platform brings together games, music, video, sports, news, and more, giving users everything they want in one central social space. As mentioned above, we have a due diligence process that we apply to new coins before they are listed.
This process controls how many of the cryptocurrencies from the global market are represented on our site. What Is an Altcoin? The very first cryptocurrency was Bitcoin. Since it is open source, it is possible for other people to use the majority of the code, make a few changes and then launch their own separate currency.
Many people have done exactly this. Some of these coins are very similar to Bitcoin, with just one or two amended features such as Litecoin , while others are very different, with varying models of security, issuance and governance. However, they all share the same moniker — every coin issued after Bitcoin is considered to be an altcoin.
What Is an ICO? ICO stands for initial coin offering. Many of the smaller projects in the crypto space — and a few of the largest ones — raised money from private investors around the world in the crypto equivalent of a crowdfunding campaign. Investors would send funds — usually in the form of Bitcoin — to the project and receive coin or tokens in return.
In , the United States Securities and Exchange Commission SEC clarified their rules relating to fundraising for assets, which made it much harder for new cryptocurrency projects to issue their own tokens in this way. What Is a Stablecoin? Price volatility has long been one of the features of the cryptocurrency market. When asset prices move quickly in either direction and the market itself is relatively thin, it can sometimes be difficult to conduct transactions as might be needed.
To overcome this problem, a new type of cryptocurrency tied in value to existing currencies — ranging from the U. These new cryptocurrency are known as stablecoins, and they can be used for a multitude of purposes due to their stability. What Are In-game Tokens? Play-to-earn P2E games, also known as GameFi , has emerged as an extremely popular category in the crypto space.
It combines non-fungible tokens NFT , in-game crypto tokens, decentralized finance DeFi elements and sometimes even metaverse applications. Players have an opportunity to generate revenue by giving their time and sometimes capital and playing these games.