Imogen Heap in the fight for copyright, crypto-electric networks, what the crypto boom and dotcom have in common and other news.
1. According to Business Insider, Grammy Award-winning British singer Imogen Heap has begun work on a blockchain project called Mycelia, which is intended as a platform or place where performers and musicians can store information about their music and track payments. According to Imogen Heap, this project is also intended to help aspiring artists in the protection of their copyright.
The project will be funded by funds received from participation in the writing of the musical “Harry Potter and the Cursed Child.”
“Yes There are many ways to store such information. But I think the music industry needs to move with the times, which is why I want to try myself in this new emerging field - musicians need to be prepared for what the future holds for them,” Heap said in an interview. In 2015, Heap released a song called "Tiny Human" on the Ethereum blockchain. Users could buy and download the song using cryptocurrency.
2. According to Coin Telegraph, Walmart Inc received a patent to develop a crypto-electrical network. The blockchain-based system will link energy-consuming devices into a network. The owners of each device will receive a certain number of tokens in their account, which they can subsequently exchange for electricity.
The company has applied for other patents related to blockchain technology, including a service for tracking customer purchases and a “Smart Package” patent for tracking parcels and cargo.
3. This week, eToro CEO Yoni Assia said the cryptocurrency boom now reminds him of Apple's first sales in 2001. And that “investing in the digital economy is now as profitable as investing in the Internet 15 years ago.” Assia also drew a parallel between the digital boom and the dot-com boom: “Investors today have something that never was before, even during the dot-com boom. If you have a brilliant idea and you publish it to the general public, then chances are that among your readers there will be a thousand who are willing to invest $10,000 in this project. So you just raise ten million through an ICO.. This opens up enormous opportunities for success and for fraud at the same time."
4. Dominik Schiener, the creator of IOTA, said that he is confident that out of the 1,400 crypto projects deployed to date, no more than a dozen will “shoot.” But those projects that will stand the test of time and will not succumb to market conditions will “change the world and bring huge profits to those who support them today.”
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