Audiocoin News Oct 20th 2022
ADC updates and general blockchain music news
The opinions expressed in this newsletter are independent of any company and sourced by a fluid community of individuals
Welcome to our second newsletter. Many thanks for all the responses to our first newsletter. We’re very happy to answer some more questions posed by the community. Please keep them coming.
A music and also chemical industry NFT was mentioned in the first newsletter, can you elaborate on the use cases?
Blockpool.io has deployed a highly customised sidechain of its blockchain for a ground-breaking new song identifier system. Developed by music industry platform Family in Music, the system uses Blockpool’s core technology to create Non-Fungible Tokens (NFTs) that uniquely identify a songwriter’s participation in the creation of a song
Full story here
An NFT to help identify and provide provenance for chemical mix formulas is another ongoing project for the Blockpool team; working with a revolutionary new technology in the chemical distribution sector which will help vastly reduce the carbon footprint of shipping chemicals, whilst simplifying and protecting the relationship between suppliers and customers of patent protected chemical formulas.
How do you acquire Audiocoin initially?
ADC is traded on the exchange txbit.io. Once you have signed up for an account you can deposit various currencies to start trading for crypto. Deposit methods available include advcash, visa, mastercard and MIR. If you already have cryptocurrency you can simply deposit it at txbit and then use it to trade for other currencies.
Trade ADC/BTC, ADC/ETH or ADC/BPL
We’re waiting on information from Blockpool on how you can become a delegate for ADC and/or BPL and also how to stake/vote ADC to earn more coins.
What ADC projects are currently in development?
The current developers of Audiocoin (Blockpool) have recently become members of the BPI’s (British Phonographic Industry) Music Tech programme and AIM (The Association of Independent Music) in order to explore possible synergies with blockchain technology.
Blockpool, along with ADC has approached both AIM and the BPI and proposed a ground breaking collaboration that would put the UK Independent Music market on the map against all of their global competitors. This is still early days as yet but any support the ADC community can give to the cause would be appreciated. As soon as Blockpool have clearance to talk about it we will let you know how to engage via the next newsletter.
Other General Blockchain Music News
1/ $250m Ripple Fund to back Entertainment & Media projects
Marcus Infanger, Vice President of Ripple X growth said: “This wave is focused on entertainment and media, specifically music. We want to provide support to indie creators with the technical, financial, and co-marketing support necessary to engage with their communities through NFTs.” Full article here.
2/ SACEM (the French PRO organisation) have launched a works protection system for songwriters using the blockchain?
The system allows digital provenance certificates for creators to register works and costs (Euro)3.99 per file. They’ve called it Musicstart
Disclaimer: This newsletter is independent and fully decentralised. Not investment advice, Do your own research. Please contact individual companies referenced for further information.
