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US Treasury Deputy Secretary: Crypto Not Major Source of Funding for Terrorists
U.S. Treasury Deputy Secretary Wally Adeyemo says crypto is not the vast majority of the ways terrorist groups are funded, noting that these organizations “continued to use the traditional banking system.” His statements followed media reports claiming that Hamas raised a large sum of money in cryptocurrency.
Crypto Not Major Funding Source for Terrorist Groups
Wally Adeyemo, United States Deputy Secretary of the Treasury, addressed the role of cryptocurrency in financing terrorist organizations during an interview on Friday with the Royal United Services Institute (RUSI)’s Centre for Financial Crime and Security Studies.
Several news outlets, including the Wall Street Journal, recently reported that Hamas raised millions of dollars in crypto. However, blockchain data analytics firm Elliptic clarified that these media reports misrepresented its data, and there is actually no evidence that Hamas has received large volumes of crypto funds.
Adeyemo said during Friday’s interview:
Today I would say that … the use of crypto is not the vast majority of the ways that these groups are funded.
“I think the way to think about this is that they [crypto] are evolving like everyone else is evolving. When you think about when modern sanctions started to be used in 2001, many of these terrorist groups were using, at that point, the traditional banking system,” he explained, emphasizing:
They continued to use the traditional banking system. That’s why we continue to work with financial institutions.
“But as the modern internet came into play, many of these groups started to fundraise using things like Venmo, Paypal, and these products,” Adeyemo noted. “And we worked closely with those companies to prevent them from being abused by these actors as well.”
The deputy secretary of the Treasury emphasized: “Now that evolution continues and the next source of that is cryptocurrency … We need this industry to work with us to make sure that we are preventing cryptocurrency from being used and abused by Hamas and these groups going forward.” Adeyemo explained:
The thing that we know about terrorist groups, and those who work to move money illicitly, is they’re going to use any new technology to try to do that.
He stressed that the government is taking action now to prevent crypto from becoming the way terrorist groups are funded, noting that the Treasury Department has been going after crypto mixers.
What do you think about U.S. Treasury Deputy Secretary Wally Adeyemo stating that crypto is not the vast majority of the ways that terrorist groups are funded? Let us know in the comments section below.
Jack Dorsey-Backed Bitcoin Legal Defense Fund Supports Open Source Developers in Lawsuit With Craig Wright
Bitcoin Legal Defense Fund (BLDF) recently delivered on its promise to fund the legal costs of 11 Bitcoin developers that are the target of the self-proclaimed Bitcoin inventor Craig Wright’s lawsuit. According to Alex Morcos, the “mission [of BLDF] is to safeguard innovation by shielding developers from legal intimidation.”
The Future of Open-Source Software Development
Bitcoin Legal Defense Fund (BLDF), a Jack Dorsey-backed fund, has said it will make its services available to 11 Bitcoin developers named in a lawsuit filed by the self-proclaimed Bitcoin creator Craig Wright. According to the trio behind the fund, defending Bitcoin developers not only eases the pressure on them but ensures the legal system will not interfere with open-source software development.
In a statement, Dorsey, who founded BLDF along with Alex Morcos and Martin White, argued the case for defending the eleven individuals. He said:
The outcomes of these cases are important for everyone, even those who may not be interested in Bitcoin, because these lawsuits could have serious detrimental effects on open-source development writ large, which will negatively impact our lives in ways we may not even realize until it’s too late.
In their defense filed with a High Court in the United Kingdom on April 26, the developers characterized Wright’s allegations as “a fraudulent claim” and insisted his firm, Tulip Trading Limited (TTL) had deliberately commenced legal proceedings knowing full well it has no claim over the missing 111,000 bitcoins.
Litigation Against Developers Having the ‘Intended Effect’
Before jumping to the defense of the 11 developers, the BLDF founding trio penned a letter that explained their reasons for launching the fund. According to the letter, the weight of continued litigation and the threats of more are “having their intended effect” as has been demonstrated by defendants that have capitulated. Therefore, the objective of BLDF “is to defend developers from lawsuits regarding their activities in the Bitcoin ecosystem,” the trio said.
Meanwhile, in a separate statement, Alex Morcos said the fund not only seeks to defend the “right of open-source developers to create and freely share their code with the world for the greater good.” Morcos added that the “mission [of BLDF] is to safeguard innovation by shielding developers from legal intimidation.”
What are your thoughts on this story? Let us know what you think in the comments section below.
Aave Launches Stablecoin GHO on Ethereum Goerli Testnet with Open Source Codebase and Audits
Aave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on Github and has undergone audits by Open Zeppelin, Sigmaprime and ABDK.
Aave Invites Programmers to Test GHO Before Mainnet Deployment
On Thursday, Aave Companies announced the launch of its native stablecoin GHO on the Ethereum Goerli testnet. The company also released the open-source codebase on Github. The developers of Aave are inviting programmers and prospective integrators to begin testing GHO as it prepares for deployment on the Ethereum mainnet.
Three audits conducted by Open Zeppelin, Sigmaprime, and ABDK focused on the deployment of GHO. Upon its launch on the Ethereum mainnet, GHO will be similar to Makerdao’s DAI token in that it will be overcollateralized and pegged to the U.S. dollar. Aave Version 3 (V3) does not permit flashloaning of the stablecoin. The community is being asked to consider adding a second facilitator, “Flashminting,” at launch to address this issue.
It’s GHO time! @GHOAave is now on Ethereum’s Goerli Testnet!
https://t.co/cM58b6qSBa pic.twitter.com/xueGERoqnw
— Aave (@AaveAave) February 9, 2023
Flashminting will enable Aave users to create GHO in a single transaction, similar to flashloans, but without borrowing from a pool. An audited codebase for the Flashminter Facilitator software is available, and the decision to include it will be put to a vote among the Aave community through the Aave Decentralized Autonomous Organization (DAO). The Aave DAO will manage the control of the GHO facilitator. The team says that before the official GHO mainnet launch, there will be additional testing and research.
Changes are required to STKAAVE to enable the implementation of GHO’s discount rate, and a snapshot needs to occur for the Ethereum V3 Facilitator and Flashminter Facilitator. “A snapshot will then occur to greenlight these as the first two facilitators for GHO,” according to Aave. The company has also introduced a bug bounty and is asking key contributors to the DAO to start discussing the framework for onboarding new facilitators.
What are your thoughts on Aave’s latest move with the launch of GHO on the Ethereum Goerli testnet? Let us know what you think about this subject in the comments section below.
Starkware Plans to Open Source Key Tech Linked to Starknet Prover
At the Starkware Sessions 2023 event, held at the Cameri Theatre in Tel Aviv, Israel, Starkware co-founder Eli Ben-Sasson informed the audience that the company intends to open source “key tech” linked to the Starknet Prover. During the event, the co-founder of the Ethereum scaling project stated that this marks a “significant step for scaling Ethereum and cryptography.”
Starkware to Open Source Key Component of Ethereum Scaling Project
The Ethereum scaling project, Starkware, has declared that the team intends to open source the component of Starknet known as the Starknet Prover. This component generates cryptographic proofs for compressed groups of transactions. Starkware has already open-sourced the project’s software, Papyrus, and the programming language, Cairo 1.0. The announcement of the open sourcing of the Starknet Prover was made at the Starkware Sessions 2023 conference in Tel Aviv, Israel.
At the event, attendees learned about technologies such as storage proofs and the launch of a plug-and-play full-node called Starknode by Kasar Labs. “This is a landmark moment for scaling Ethereum and, in a broader sense, for cryptography,” said Eli Ben-Sasson, co-founder and president of Starkware. “We view the Prover as the magic wand of Stark technology. It wondrously generates the proofs that enable unfathomable scaling,” added the Starkware executive.
The Starkware service, Starknet, became operational in Nov. 2021. The project has made numerous advances in 2022, including the open sourcing of Papyrus and Cairo. In March 2022, the blockchain API and node service, Alchemy, announced its use of the Ethereum layer two (L2) service, Starknet. The following month, MakerDAO disclosed plans to integrate Starknet to reduce DAI transfer costs. At the end of Dec. 2022, payment giant Visa published a blog post discussing the leveraging of Ethereum and the L2 service, Starknet.
In Nov. 2022, Starkware established a nonprofit foundation with the aim of enhancing the development of the software and the Starknet infrastructure. The project’s co-founder stated that, of course, Stark technology is not actually magic. Rather, the Starknet Prover is “sound cryptography” and the company wants “everyone who wants to make it their own.” The president of the company added that developers and software engineers “should have a full understanding of how it works, be able to modify and edit the code, and distribute it further.”
Starkware and its Starknet project are among many Ethereum scaling and L2 projects, as competition has become significant over the past two years. Users have a variety of solutions to choose from, including Arbitrum, Optimism, Loopring, Zksync, Metis, Polygon, Hermez, Immutable X, Aztec, and Boba Network. On Feb. 5, 2023, the average cost to leverage Starknet’s general-purpose ZK rollup was .21 per transfer, while the cost to swap a token via Starknet was .52, according to current metrics on the same day.
What are your thoughts on the open sourcing of the Starknet Prover and its potential impact on the Ethereum scaling project and the field of cryptography as a whole? Let us know in the comments section below.
SOURCE Looks to Supercharge Cross-Chain dApps & Smart Contracts with Airdrop, Mainnet Launch
With an intelligently-designed airdrop, a focus on enterprise development and partnerships, and cross-chain functionality, the $SOURCE Blockchain is poised to quickly rise amongst the industry’s biggest and best.
On Thursday, August 4th, Source Protocol Ltd announced the test net launch of the next standout blockchain to hit the crypto market and the Cosmos ecosystem. Built as a highly efficient, scalable and permission-less blockchain network for interoperable dApp development, $SOURCE is bringing a Binance Smart Chain-based DeFi ecosystem and strategic enterprise partnership development to the Interchain. $SOURCE will be publicly-available for enterprises, developers and individuals to create and use scalable dApps, smart contracts and tools for Web 3.0, DeFi, NFTs, P2E, privacy networks, DeSci, and more.
Read more on Source Protocol’s advanced blockchain ecosystem: A Web 3.0 Tech Suite for Individuals, Developers and Enterprises
According to the team’s CEO, innovative plans have been set in motion to introduce new market share to the blockchain industry at large, with $SOURCE and Source DeFi Suite’s focus on bridging the gap between existing Web 2.0 solutions and Web 3.0. These plans already involve building infrastructure for mortgage data servicing companies, a top tier metaverse, white-labeled DeFi banking services, among others. The $SOURCE team is also currently working with partners to establish a strong presence in many regions including the United States, Dubai, Central Europe, South America, and Japan. The $SOURCE testnet is already onboarding dozens of validators in preparation of the chain’s airdrop and mainnet launch later this year.
A New Approach to Airdrops is Needed
A blockchain’s airdrop plays a critical role in establishing a strong foundation for the chain at the date of genesis. A successful airdrop bootstraps a blockchain’s decentralization to a large group of engaged users while simultaneously inviting them to contribute and participate in the new community network.
All Cosmos Hub blockchains have different strategies on how they approach their genesis distribution airdrop. There is controversy in how airdrops are done as $ATOM “whales” typically continue to receive the majority of each new project’s tokens, and users continually find ways to skirt the rules or “game” the airdrop. This limits distribution and decentralization at genesis. For example, if there is a whale-cap (which limits the amount of coins that can be distributed to any individual wallet address in an airdrop), people can spread their $ATOM to multiple addresses, and therefore avoid the impact of any whale cap. They can later consolidate all of their tokens and have a significant advantage over other delegators. This allows them to diminish the project’s value by continuously liquidating their staking rewards. The $SOURCE team is familiar with these greedy and malicious practices, and has designed a unique airdrop model that will be the most rewarding for the already existing and active #SourceForce community.
$SOURCE-Drop
The $SOURCE-Drop airdrop has been carefully designed to provide maximum benefit to Source Protocol community members that already hold both Source Token $SRCX (Source Protocol’s Automated DeFi market rewards token, BEP-20) and Cosmos Hub $ATOM. SRCX should be held in decentralized wallet like Metamask, Trust or Binance Smart Chain wallet, and ATOM should be held in the Keplr wallet. Registering both your ATOM and SRCX wallet addresses in the Source Web 3.0 app via wallet connect will be required in order to participate.
The $SOURCE-Drop will be whale-capped and will not be game-able. The amount of $SOURCE claimable will be determined by the combined average wallet weight of a holder’s ATOM and SRCX balances. Wallet weight is determined by the proportion of a user’s wallet holdings to circulating supply. If no SRCX is held, a zero will be registered in the calculation and this will significantly reduce the quantity of $SOURCE received for ATOM holders that do not hold SRCX. This creates a scenario where even the largest ATOM whales will receive significantly less $SOURCE than a participant that also holds SRCX. Likewise, SRCX holders that do not register an ATOM address on the claiming app will not be able to receive the $SOURCE-Drop as a Cosmos Hub $ATOM address is needed (via Keplr wallet) to generate the new $SOURCE blockchain public address.
***ATOM and SRCX held on centralized exchanges will not be eligible for the SOURCE-Drop.
Multiple snapshots of SRCX and ATOM will be used to calculate the amounts claimable. No snapshot dates will be announced to avoid any gamification. This rewards the true believers and community members of both ATOM and SRCX that are holding long term. This strategy is designed to enable a truly decentralized Web 3.0 ecosystem, rewards those who are loyal to the vision of Cosmos Hub’s “internet of blockchains” and #SourceForce communities, and to create a greater appreciation for recipients of the $SOURCE-Drop.
Bonus Eligibility
Contributors and participants to the $SOURCE testnet will also be eligible to receive bonus $SOURCE from active participation such as creating a wallet, setting up a validator node on $SOURCE testnet, launching a smart contract, etc. Additional contributions and active participation by community members will also be rewarded. For more information about the $SOURCE blockchain, click here.
To prepare for the SOURCE-Drop, be sure to install the Keplr wallet and use it to store your ATOM. Source Token (SRCX) can be purchased on PancakeSwap and stored in Trust Wallet, Metamask, or Binance Smart Chain Wallet. Visit the Source Protocol website here to follow the tutorial if needed
Source Token (SRCX): All of DeFi’s Benefits in One Token
Source Protocol – an up-and-coming smartchain and interoperable DeFi ecosystem – has set out to lower the barriers of entry to this new financial landscape through its suite of products and automated protocols that allows users from all walks of life to easily participate in DeFi. In this pursuit, Source is preparing to launch its first utility-based reward token, Source Token (SRCX); a smart contract token that enables users to passively participate in DeFi markets.
SRCX Yield Echoes and the Dynamic Compound Liquidity Pool (DCLP)
Launching on Binance Smart Chain, the world’s largest crypto network by volume, Source Token utilizes a built-in automation fee that sends a percentage of every transaction to Source’s Dynamic Compound Liquidity Pool (DCLP), a basket of stablecoin liquidity positions within Source’s decentralized money market, Source Marketplace, where users can lend, borrow, stake, and yield farm with their crypto assets. Rewards, called “Yield Echoes,” derived from these interest-bearing liquidity positions are then automatically redistributed to Source Token holders and network participants, enabling them to reap all of DeFi’s benefits without having to participate themselves.
SRCX Loyalty Echoes
In addition to Yield Echoes, SRCX holders and users also benefit from “Loyalty Echoes,” which are generated block-by-block, with every transaction that takes place on the Source Token network. Enabled by the same automation fee, a percentage of each transaction is redistributed directly to all SRCX holders and network participants with every buy, sell or transfer that takes place on the network. The higher the transactional volume, the more Loyalty Echoes are generated for all holders. Loyalty Echoes are designed to incentivize long term participation with SRCX and its Source ecosystem counterparts, and also help compensate the holder for the automation fee.
SRCX Burn Feature
To offset any inflationary measures caused by Loyalty Echoes and Yield Echoes, SRCX contains a large burn wallet that will be deployed at genesis. The burn wallet is a “black hole” wallet address with no private keys, and tokens sent to it are gone forever. Since this wallet is the largest holder on the network, it receives the largest portion of Loyalty Echoes and is blacklisted from receiving Yielding Echoes. Incentive programs will be launched where this wallet will occasionally be blacklisted during promotional periods, which will increase rewards for all SRCX holders and participants. As the network grows, it is also possible for the burn wallet to be blacklisted indefinitely. This creates a balanced network and promotes long term sustainability of the protocol, which benefits all.
Importantly, SRCX’s passive automation fee will be reduced as adoption and transaction volume increases over time. It’s also worth noting that all of the above is accomplished non-custodially and with peer-to-peer initiated smart contracts, so there are no middlemen involved, and users have full independence with their SRCX holdings.
Looking to the Future
With its upcoming launch of SRCX, Source Protocol will soon become a leader in the DeFi space by executing its vision of making blockchain and web3-based financial services more easily accessible, less complicated and more efficient, empowering Source users to have complete ownership and control over their finances.
Source Token – SRCX – will be one of the main factors driving this growth and development, helping users regardless of their experience with cryptocurrency gain access to all DeFi has to offer via one token. SRCX is going to assist in breaking through the barrier of entry to DeFi for retail and enterprise users alike, and will open the floodgates for anyone, regardless of technical know-how, to easily participate. With its dual-reward Echoes structure, SRCX is also an excellent alternative to PoW (proof-of-work) mining networks, without having to afford the necessary hardware and resources required to mine cryptocurrencies.
Launch dates of the Source Token SRCX will be announced soon. To stay up to date on Source Protocol and their plans, visit the website and follow the project on Twitter and Instagram. For a chance to be entered into the whitelist for the SRCX launch, please join Source’s Discord channel. For more detailed information about Source Token (SRCX), visit Source Protocol’s documentation.
Coinbase Lists Open Source Oracle Platform DIA
DIA’s listing news generated major attention on the oracle platform as the DIA token’s trading volume skyrocketed by 1000%, with +0M DIA traded in 24 hours. DIA is now in full-trade mode in Coinbase Exchange and Coinbase Pro, allowing users to buy and sell the token.
Launched in 2018, DIA is a cross-chain, end-to-end, open-source oracle platform for Web3, enabling the crowd-sourcing, validation and sharing of transparent and verified data for dApps. DIA’s governance token empowers the community to govern the DIA platform and validate DIA’s crowdsourced data feeds.
This Monday, January 24, DIA was listed on Coinbase allowing inbound transfers of the DIA token in the regions where trading is supported. The listing news caught the attention of the web3 community as the volume of DIA skyrocketed by 1000%, with more than 0M DIA being traded within 24 hours.
Together with Kraken and Binance, Coinbase is one of the leading web3 platforms for buying, selling, transferring, and storing digital assets. According to Coinbase, approximately 73 million verified users, 10,000 institutions, and 185,000 ecosystem partners are operating on the platform.
Currently, DIA is available on Coinbase Exchange and Coinbase Pro with pairs DIA-USD, DIA-USDT, DIA-EUR.
Jack Dorsey’s Block To Democratize Bitcoin Mining With Open Source Mining System
Block, formerly known as Square, is working on an open-source bitcoin mining system, according to CEO Jack Dorsey. He referenced a more detailed thread on the project’s objectives by the company’s general manager for hardware, Thomas Templeton.
We’re officially building an open bitcoin mining system https://t.co/PaNc7gXS48
— jack (@jack) January 13, 2022
Block Is Working On Bitcoin Mining
Thomas Templeton, Block’s general manager for hardware, set out the company’s next moves in a series of tweets.
“From buying, to set up, to maintenance, to mining,” Templeton said, the goal is to make bitcoin mining — the process of creating new bitcoins by solving increasingly hard computing tasks — more dispersed and efficient in every aspect.
According to Templeton, making the mining process more accessible is about more than just creating more bitcoin.
Templeton wrote:
“We want to make mining more distributed and efficient in every way, from buying, to set up, to maintenance, to mining. We’re interested because mining goes far beyond creating new bitcoin. We see it as a long-term need for a future that is fully decentralized and permissionless.”
The initiative is focused in combining performance and open-source design in a “elegant system integration,” according to Templeton. The company is looking for technologies and partnerships that could help the idea, which is currently being developed by Block’s hardware team. Afshin Rezayee is leading a dedicated team of engineers to the endeavor, and available positions include electrical engineers, software and analog designers, ASIC engineers, and layout engineers.
BTC Market cap down from last year’s ATH. Source: TradingView
The bitcoin mining system developed by Block aims to improve three areas of bitcoin mining: availability, reliability, and performance. The goal is to make mining rigs easier to identify and buy, while also providing a consistent delivery experience; improve dependability by designing something that can better dissipate heat and dust; and boost performance while consuming less power.
“Common issues we’ve heard with current systems are around heat dissipation and dust. They also become non-functional almost every day, which requires a time-consuming reboot. We want to build something that just works,” Templeton tweeted. “They’re also very noisy, which makes them too loud for home use.”
Related article | Is Norton 360 Mining Ethereum In Your Computer? If It Is, They’ll Take a 15% Cut
Dorsey Wants To Democratize BTC Mining
The mission statement of this project includes democratizing bitcoin mining access.
Dorsey wrote in October:
“Mining isn’t accessible to everyone. Bitcoin mining should be as easy as plugging a rig into a power source. There isn’t enough incentive today for individuals to overcome the complexity of running a miner for themselves.”
The news corresponds to Dorsey’s announcements from 2021. Dorsey tweeted,
Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. If we do this, we’d follow our hardware wallet model: build in the open in collaboration with the community. First some thoughts and questions.
— jack (@jack) October 15, 2021
Block’s news comes only months after the United States overtook China as the world’s top bitcoin mining destination for the first time. Renewable energy sources abound in the United States.
Hydropower mining farms flourish in Washington State. New York generates more hydroelectric power than any other state east of the Rocky Mountains, and its nuclear power plants contribute to the state’s objective of zero carbon electricity. Meanwhile, Texas’ renewable energy contribution is increasing over time, with wind power accounting for 20% of the state’s power in 2019. In addition, the Texas grid continues to add more wind and solar power at a rapid pace.
Block hasn’t given a specific date for when its bitcoin mining system would be available for purchase and use, since the company is still in the research phase of development. Templeton also encouraged members of the public to contact him if they had any concerns or suggestions for improving the initiative.
Related article | More Green Energy: Crypto Mining Saves A Hydro Power Plant In Costa Rica
Crypto as a Primary Source of Income for Artists
With the skyrocketing prices of cryptocurrencies like Bitcoin and Ethereum over the past year, cryptocurrency can be a lucrative source of primary income for artists. StarCoin is aiming to help artists seize this moment, maximize their revenues and increase their autonomy. StarCoin is the first cryptocurrency that offers a crypto-backed record label to artists.
First, it’s important to outline the issues of today’s music industry to understand the value that a crypto-backed record label could provide. Generally, when artists sign onto record labels, the label provides the artists with a loan so that they create their album. Artists usually do not make any revenue from their album once it is released until they have paid back the loan. Even once the artist has paid back the loan, the label usually takes the majority of the revenue through an 80/20 or 90/10 ratio at the artist’s disadvantage.
A crypto-backed record label is superior to the traditional record label-signing industry for several reasons. StarCoin is the first cryptocurrency to partner with a record label, allowing a holder of the cryptocurrency to be signed to a contract. StarCoin’s community will have the opportunity every month to vote for their favorite artists, with artists with the most votes being able to sign a record label deal. StarCoin allows talented artists who aren’t as well known or mainstream to shine, enabling them to be seen and supported by people who support their work. Currently, record labels are most interested in signing artists that they believe will generate the most revenue, benefitting artists who are more mainstream, leading to the overlooking of serious talent.
StarCoin is a decentralized autonomous organization (DAO) — an open-source protocol underpinned by blockchain where rules are enforced through smart contracts. The advantage of a DAO is that its leadership is distributed between its members, and everyone has a say in its governance. StarCoin community members who have its coin are able to vote on which artist should be signed, with members who have held its coin for the longest time having greater weight when voting for an artist.
Once enough votes have been garnered for a specific artist, StarCoin and a record label will sign and fund an artist, with the funds generated through transactions for the token. Unlike a loan provided by a traditional artist-record label arrangement, the artist would have free funds and not have to worry about repayment. As StarCoin signs more artists, a portion of funds generated through a tax will be used to contribute to the continued growth of artists and artists signed under the label.
Through NFTs, StarCoin will enable artists to earn up to 80% of the revenues accrued through their music on streaming platforms. Currently, artists only accrue about 12% of revenues on traditional steaming platforms, like Spotify and Apple Music. StarCoin, in addition to signing an artist and recording their music, will facilitate artists’ ability to create exclusive NFTs of their songs and sell it on StarCoin’s NFT marketplace, providing the artist with additional revenue. StarCoin token holders could purchase these NFTs and add them to their collection, resell them on StarCoin’s platform and to other platforms. NFT sales will allow artists to continuously generate royalties, making them earn far more than the typical $.0006 than they currently do through mainstream streaming services.
Cryptocurrency is all the rage and there’s a good reason for it. With the potential to spur creativity, talent, opportunity and autonomy, StarCoin is seeking to benefit artists by providing them with additional funds to spur creativity, opportunity, talent and autonomy.