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Gifto Partners Tron To Help Monetize Content On Blockchain

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Gifto Partners Tron To Help Monetize Content On Blockchain

Gifto, a virtual gifting blockchain platform, has teamed up with Tron, to offer a free content entertainment system using blockchain and distributed storage technology. The new platform will leverage Tron’s technology to enable transactions of users using virtual gifts.

Gifto-Tron Partnership

The joint venture will make it possible for the technology to be brought to the blockchain world so that virtual gifts can be curated, tracked, bought and sent across various platforms. Some of the platforms that the two are eyeing include YouTube, Instagram, and Facebook.

“We are excited to partner with Gifto and Asia Innovations Group to further expand the usage of TRON platform and technology, this partnership is putting together two companies that both have successful consumer entertainment apps, and both using blockchain technology to disrupt entire industries in the years to come, “said Justin Sun Tron founder

The unveiling of the joint venture comes just days after Gifto was selected by Binance, to become the first project in Launchpad. The new exclusive platform is designed to provide vetted high-quality projects in addition to providing a safe way of purchasing token.

Launched by live streaming mobile application, Uplive, Gifto already has over 20 million people using virtual gifting to reward content creators on the platform. With the huge user base, the platform should be able to generate over $100 million in revenue before the end of the year, from virtual gifting on Uplive.

The partnership should allow Tron, a decentralized content protocol, to establish a global free content entertainment ecosystem with the help of blockchain technology. Users, on the other hand, will be able to publish store and own data at no extra cost.

The joint venture also presents an opportunity for Tron to be one of the first Ethereum compatible protocols that support fast micro transactions at scale, as of the first quarter of next year.

Gifto Prospects

Pantera and Block Asset are some of the initial investors in Gifto that are helping support the platform’s push to help millions of content creators monetize content of social and video networks. According to Andy Tian, the brains behind Gifto, they have created a popular application on Uplive that will be able to generate significant income for content creators.

Gifto will take the exact model to the blockchain space and make it universal across any content creation platform thus making it universal and accessible with any local currency. Virtual gifts distributed across the network will be immutable, universal and independent of any content platform. People will also be able to store them as smart contract assets.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of BTC Keychain via Flickr

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Elon Musk Advises Crypto Users To Secure Their Crypto Keys Properly

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The crypto community has not gotten over the fact that the world’s richest man has now invested in Bitcoin and has been pretty active in the industry.

However, the community is now receiving security tips for storing cryptocurrencies from Tesla’s chief executive officer. While pointing the security of cryptocurrencies, Tesla also criticized Freewallet app, a crypto wallet for its slack in security.

He also added that crypto investors should not bother doing business with wallets that don’t provide them with private keys.

Users should store their private keys

The unique way cryptocurrencies are stored makes them not redeemable when the keys are lost. Whether the holder stores them with third-party custodians or exchanges, the owner can only claim them when they provide keys to the crypto funds.

That makes securing the keys the most important thing when dealing with cryptocurrencies. As a result, selecting the safest hot or cold wallet is a priority if users want to keep their crypto investments safe.

Elon Musk has come out to advise investors to always store their private keys personally. For a company to receive the attention of the world’s richest man is something to take advantage of to grow. However, FreewalletApp’s short conversation with Musk is a sort of negative publicity to them.

After the company engaged with Musk about a Dogecoin-related post, the Tesla founder pointed out faults with the firm.
He advised digital asset investors to stay…

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Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

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Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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Partnership Between Bridge Mutual & AllianceBlock Announced

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Decentralized peer-to-peer discretionary digital asset coverage platform Bridge Mutual has announced a partnership with AllianceBlock. AllianceBlock is a decentralized, blockchain-agnostic layer 2 protocol bridging decentralized finance with traditional finance. The partnership will allow AllianceBlock and Bridge Mutual to provide traditional investors with a protected bridge to DeFi through decentralized coverage. 

“Discretionary coverage is a very important part of our ecosystem, so we are excited to partner with Bridge Mutual and leverage each other’s technologies,” says Rachid Ajaja, CEO of AllianceBlock. “We look forward to building an ecosystem where all participants have access to the best products while mitigating the ever-present risk of smart contract failure, hacks, and the resultant loss of collateral value.”

In 2020, as much as $200 million worth of digital assets was lost in attacks on major digital asset services. Bridge Mutual’s platform gives users the option to purchase and provide discretionary coverage, reducing investors’ risk of losing funds because of theft, exchange hacks, stablecoin price crashes, exploited contracts, and other vulnerabilities in digital assets. 

By using Alliance Block’s multi-pair liquidity mining platform, Bridge Mutual will be able to offer BMI token holders instant liquidity through staking and high APY rewards for a variety of pairs. Once integrated into AllianceBlock’s P2P lending platform, Bridge mutual will be able to provide coverage to investors. Additionally, Bridge Mutual is working towards…

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