#Permissioned Blockchain

[group-50]

Permission Based Blockchain Consulting

Group50, a consulting firm specializing in business process redesign, collaborates with clients to streamline and revitalize their business processes. By eliminating complexity and identifying new efficiencies, the firm's Business Transformation Practice accelerates client value realization and execution through the expertise of seasoned business transformation specialists.

[garden-of-willows]

Determined Protector

Shaded Citadel has been FULL of Scavengers, we've stolen so many lanterns from them, and Neon has fought off several of them. Frills was murdered by them, too ): RIP Frills The lizard pictured is Neon! Please DO NOT use or repost my artwork anywhere without my express written permission. My work is prohibited to be used in any affiliation with NFTs, the blockchain, or AI generators and art.

[apotheoseity]

HELLO! I've finally made a visual commission sheet for my illustration, but just know I can do more than what's pictured here, such as pixel art, tweened animation, and more!

DM me here, on Toyhou.se, or on Discord if you'd like one! My username is the same everywhere.

TOS under the cut, be sure to read before ordering!

TERMS OF SERVICE:

By commissioning me, you agree to:

Not crop, edit, or in any other way change the art made without permission.

Credit one of my socials wherever you post the art.

Not claim the art as your own.

Allow me time to complete your art piece, which may range from a day to a week or more.

Not share the art publicly if I ask you not to.

NOT make any monetary profit from my works, as they are for PERSONAL USE ONLY. - This includes use in NFTs or other things related to blockchain/cryptocurrency. 

[ultravioart]

This is so frustrating for me because I just want to play a fun open world monster tamer with cutsey visuals online, it is wild that the genre has so many immoral companies/games.

Pokemon has let me down tremendously (last mainline i bought was moon, i tried ultra moon day 1 and returned ultra moon the next day bc it was way too similar), I have tried pokemon sword (yarhar) and pokemon Scarlet (friend let me play it) and the quality is not where it should be, too much is rushed, buggy, laggy, and the cut content is so obvious.

SV dropped the ball with the story plot in later DLCs which stinks bc the initial eldritch horror Area Zero set up they had in the base game was amazing. I also really loved what the devs were able to get done with the character development bc it felt like World Ends Club character depth... but with the unethical deadlines the Pokemon game devs face, I can't see myself purchasing new pokemon games. It feels gross. I also haven't liked most mon designs these past gens, they lack the sharp angles with curves artstyle i adored in earlier gens. Think Scizor, Charmeleon, Luxray, Deoxys, Jiratchi, etc. Pokemon have become more rounded/obviously plushie-fiable and overdesigned. And the art was the main draw to pokemon for me, not the battles.

And then there was Ni no kuni mobile (I had not played the main games but I did watch playthrus, I saw the mobile game launch announcement, and was excited to try-- only for Ni no Kuni mobile to announce it was going to add a blockchain play to earn model. I instantly uninstalled it.)

And now Palworld (Pocketpair without permission lifting from a Mega Delphox fan design, company previously published an unethical ai generator party game, and the Pocketpair social medias flirted with NFTs.)

At this point I might just give up trying to financially support games. Watching youtube playthrus is free and if it's really that interesting I can try demos or yarhar.

Free to play games are probably the only games I'll be playing, but there's a whole unethical monetization practice that is common with that model too. :( i am autistic and have OCD so i take offense to games that encourages unlimited micro transactions, as it's often ppl with ocd and autism that are preyed on by these predatory monetization systems. Whales should never be normalized, Whales are gambling addicts and need help. I am really hoping Overwatch 2's monetization changes due to the recent buyout but I don't have my hopes up.

Like, I am so jaded i might just make a pokemon fangame or hobby into making my own monster tamer at this point fr lol. I have ideas for both a pokemon fangame and an original ip, I would just need to set a schedule to making it.

Pokemon fangame would be easiest I imagine, 2d game pixel sprite work is much easier than 3d modeling and I can use pre-made assets.

Original monster taming IP would be harder, probably a 2d game, bc 3d is much harder to make due to how long it takes to model and rig and animate everything.

Idk tho. Might just remain a world building hobby tbh.

[merelygifted]

A screenshot of the website promoting 200 Yen as a painting by Jean-Michel Basquiat. Screenshot/Eminence Rise Media

US Tech Company May Have Tried to Exhibit Unauthenticated Basquiat Painting at Major Museums

An intermediary said to be acting on behalf of the American tech company Co2Bit Technologies was reportedly planning to exhibit an unauthenticated Jean-Michel Basquiat painting at the Museum of Modern Art in New York without the institution’s permission.

Co2Bit privately exhibited another painting of dubious provenance as genuine in a major museum.  ARTnews reported last month that the company helped to show a painting with disputed attribution to Russian modernist Kazimir Malevich at the Centre Pompidou in January.  The Centre Pompidou told ARTnews last month that it had not granted permission to exhibit the artwork.  ...

...  Co2Bit’s stated mission is to use AI and blockchain technology to assess environmental impact. [Ed. Note: How ironic is that?!]  The company purchased the supposed 1915 Malevich painting, titled Suprematism, for a price “in the seven figures” from disgraced Israeli art dealer Itzhak Zarug before hiring several experts to authenticate it.  However, one of the experts, Patricia Railing, denied this, claiming she’d never heard of Co2Bit.

A series of now-deleted press releases published by Eminence Rise Media, a New York PR firm, on GlobeNewswire promoted Suprematism, stating that it was due to be “unveiled by museums around the world.”  The same PR firm also promoted the supposed Basquiat painting, titled 200 Yen, in three releases posted between December 2023 and February 2024 that have also been deleted.  One release said that New York Art Forensics appraised the artwork for $90 million and claimed it was set to “be unveiled in top museums across the United States soon.”  Neither of the press releases for Suprematism or 200 Yen mentioned Co2Bit.

Eminence Rise Media declined to comment on if it had been hired by Co2Bit and said that it would only comment on 200 Yen if ARTnews deleted mention of the PR firm in the publication’s reporting on the Malevich-Pompidou story.

“It has come to our attention you [sic] slandering and accusing this company in regards to the Malevich painting, where we had nothing to do with that painting,” the company wrote in an email. “In spite of you [sic] confirming Co2Bit as the company responsible for it, your false and phony accusations is [sic] unethical on your end as a journalist. If you have some integrity, you must delete our name from it. Please make it right and we will be willing to communicate further.”  ...

Maybe you should learn to communicate in an actual language, eminence front, er, rise.  What a put-on!

[tokenlauncher]

The Power of Solana: Top Tools and Resources to Supercharge Your Blockchain Experience.

Unlocking Solana’s Potential: Essential Tools for Blockchain Success on Solana Launcher

1. Mint Tokens: Simplify Token Creation

Creating and managing tokens on the Solana blockchain has never been easier with our Mint Tokens tool. This tool is designed for users looking to launch their own SPL (Solana Program Library) tokens quickly and efficiently. Whether you’re an entrepreneur launching a new cryptocurrency, a developer creating utility tokens for a dApp, or an organization tokenizing assets, the Mint Tokens tool provides a seamless solution.

Key Features:

User-Friendly Interface: Easily create tokens with a straightforward, intuitive interface.

Customizable Attributes: Define your token’s properties, including name, symbol, total supply, and decimals.

Instant Deployment: Launch your token on the Solana blockchain with just a few clicks.

How It Works: To get started with Mint Tokens on Solana Launcher, simply access the Mint Tokens tool from your dashboard, fill in the necessary details about your token, and deploy it to the Solana blockchain. The tool handles the technical aspects, allowing you to focus on your project’s vision and goals.

2. Revoke Freeze Authority: Maintain Control Over Token Management

Revoke Freeze Authority is an essential tool for managing your token’s administrative controls. On the Solana blockchain, token management often involves the ability to freeze or unfreeze accounts to prevent or allow transactions. This can be crucial for maintaining the integrity and security of your token ecosystem.

Key Features:

Granular Control: Revoke the authority to freeze accounts when necessary.

Enhanced Security: Ensure that only authorized personnel have control over account freezing.

Efficient Management: Manage token administration with ease, reducing the risk of unauthorized access.

How It Works: Using the Revoke Freeze Authority tool, you can easily adjust the permissions associated with freezing accounts. Simply select the token and the authority you wish to revoke, and the tool will handle the administrative updates on the Solana blockchain.

3. Revoke Mint Authority: Control Token Issuance

Revoke Mint Authority is a crucial tool for managing token issuance and preventing unauthorized minting of new tokens. For projects where controlling the total supply is critical, this tool provides a way to revoke minting rights, ensuring that no additional tokens can be created beyond the specified limit.

Key Features:

Supply Control: Prevent unauthorized minting of additional tokens.

Administrative Precision: Revoke minting rights with precision, ensuring that your token supply remains as intended.

Transparency: Maintain transparency and trust with your token holders by controlling the total supply.

How It Works: To use the Revoke Mint Authority tool, access it from the Solana Launcher platform, select the token for which you wish to revoke minting authority, and follow the prompts. This tool ensures that your token’s supply remains within your specified limits, safeguarding your project’s integrity.

4. Multi-Sender: Efficiently Distribute Tokens

Managing token distribution can be a time-consuming task, especially when dealing with large numbers of recipients. The Multi-Sender tool simplifies this process by allowing you to send tokens to multiple addresses simultaneously, saving you time and effort.

Key Features:

Bulk Distribution: Send tokens to multiple recipients in a single transaction.

Time Savings: Streamline the distribution process and reduce administrative overhead.

Accurate Transactions: Ensure accurate and efficient token transfers to multiple addresses.

How It Works: To use the Multi-Sender tool, upload a list of recipient addresses and the corresponding token amounts. The tool will automatically handle the distribution process, executing a single transaction to send tokens to all specified addresses.

Why Use Solana Launcher?

Solana Launcher provides a comprehensive suite of tools designed to simplify and enhance your experience with the Solana blockchain. By leveraging our platform, you gain access to:

Streamlined Token Management: Efficiently create and manage tokens with ease.

Enhanced Security: Maintain control over administrative functions and ensure the integrity of your token ecosystem.

Efficient Distribution: Save time and effort with bulk token distribution.

Our platform is built with the needs of developers, investors, and businesses in mind, offering tools that streamline operations and enhance blockchain project management. Whether you’re launching a new token, managing administrative controls, or distributing assets, Solana Launcher has the tools you need to succeed.

Conclusion

As the Solana blockchain continues to gain traction and evolve, having the right tools is essential for navigating its opportunities and challenges. Solana Token Launcher & deployment offers a robust suite of tools designed to empower users and optimize their blockchain experience. By utilizing our Mint Tokens, Revoke Freeze Authority, Revoke Mint Authority, and Multi-Sender tools, you can streamline token management, enhance security, and efficiently handle large-scale distributions.

Ready to supercharge your Solana blockchain projects? Explore Solana Launcher today and take advantage of our powerful tools to unlock the full potential of the Solana blockchain.

[layninboritas]

SOURCE PROTOCOL

SOURCE is building limitless enterprise applications on a secure and sustainable global network. Defi white-labelled services, NFT markets, RWA tokenization, play-to-earn gaming, Internet of Things, data management and more. SOURCE is providing blockchain solutions to the real world and leveraging the power of interoperability.

SOURCE competitive advantages over other blockchain projects

For builders & developers — Source Chain’s extremely high speeds (2500–10000+ tx / per second), low cost / gas fees ($0.01 average per tx), and scalability (developers can deploy apps in multiple coding languages using CosmWasm smart contract framework), set it apart as a blockchain built to handle mass adopted applications and tools. Not to mention, it’s interoperable with the entire Cosmos ecosystem.

For users — Source Protocol’s DeFi suite is Solvent and Sustainable (Automated liquidity mechanisms create a continuously self-funded, solvent and liquid network), Reduces Complexity (we’re making Web 3.0 easy to use with tools like Source Token which automate DeFi market rewards), and we’ve implemented Enhanced Security and Governance systems (like Guardian Nodes), which help us track malicious attacks and proposals to create a safer user environment.

For Enterprises — Source Protocol is one of the first to introduce DeFi-as-a-Service (DaaS) in order for existing online banking and fintech solutions to adopt blockchain technology with ease, and source also provides Enterprise Programs which are complete with a partner network of OTC brokerages, crypto exchanges, and neobanks that create a seamless corporate DeFi experience (fiat onboarding, offboarding, and mutli-sig managed wallets)

Why Source Protocol

Firstly, many protocols are reliant on centralized exchanges for liquidity, limiting their ability to scale independently. This creates a lot of the same issues traditional finance has been plagued with for decades.

Next — slow tx speeds, high costs, limited scalability, and inability to collaborate with other chains, has created severe limitations in Gen 2 blockchain infrastructure.

Lastly, there still exists a level of complexity in blockchain applications that remains a barrier to entry for the average user, and there is not enough focus on building “bridges” for the enterprise to adopt this technology easily and quickly.

In summary, consumers are eager for a blockchain ecosystem that can securely and sustainably support mass adopted applications. That’s why we’ve built Source!

Source Protocol’s ecosystem

Source Protocol’s ecosystem includes a full DeFi Suite, a members rewards program and white-label integration capabilities with existing online Web 2.0 enterprises:

Source Swap — An Interchain DEX & AMM built on Source Chain for permission-less listing of $SOURCE-based tokens, native Cosmos SDK assets, cw-20’s, and wrapped Binance Smart Chain (BEP-20) assets.

Source One Market — A peer to peer, non-custodial DeFi marketplace for borrowing, lending, staking, and more. Built on Binance Smart Chain with bridging to Source Chain & native Cosmos SDK assets.

Source Token $SRCX (BEP-20) — the first automated liquidity acquisition and DeFi market participation token built on Binance Smart Chain.

Source One Token $SRC1 (BEP-20) — a governance and incentivized earnings token that powers Source One Market.

Source USX $USX (BEP-20) — Source One Market stablecoin backed and over collateralized by a hierarchy of blue chip crypto assets and stablecoins.

Source Launch Pad — Empowering projects to seamlessly distribute tokens and raise liquidity. ERC-20 and BEP-20 capable.

Source One Card & Members Rewards Program — users can earn from a robust suite of perks and rewards. In the future, Source One Card will enable users to swipe with their crypto assets online and at retail locations in real time.

DeFi-as-a-Service (DaaS) — Seamless white-label integration of Source One Market, Source Swap, Source Launch Pad, and/or Source One Card with existing online banking and financial applications, allowing businesses to bring their customers DeFi capabilities.

Source Protocol Key Components

Sustainable Growth model built for enterprise involvement and mass application adoption

Guardian Validator Nodes for enhanced network security

Integration with Source Protocol’s Binance Smart Chain Ecosystem and Decentralized Money Market, Source One Market

Source-Drop (Fair community airdrop and asset distribution for ATOM stakers and SRCX holders)

Interoperable smart contracts (IBC)

High speed transaction finality

Affordable gas fees (average of $0.01 per transaction)

Highly scalable infrastructure

Open-source

Permission-less Modular Wasm + (EVM)

Secured on-chain governance

Ease of use for developers

conclusion

SOURCE is a comprehensive blockchain technology suite for individuals, enterprises and developers to easily use, integrate and build web3.0 applications. It is a broad-spectrum technology ecosystem that transforms centralized web tools and financial instruments into decentralized ones. Powering the future of web3,

Next — slow tx speeds, high costs, limited scalability, and inability to collaborate with other chains, has created severe limitations in Gen 2 blockchain infrastructure.

Lastly, there still exists a level of complexity in blockchain applications that remains a barrier to entry for the average user, and there is not enough focus on building “bridges” for the enterprise to adopt this technology easily and quickly.

In summary, consumers are eager for a blockchain ecosystem that can securely and sustainably support mass adopted applications. That’s why we’ve built Source!

For More Information about Source Protocol

Website: https://www.sourceprotocol.io

Documents: https://docs.sourceprotocol.io

Twitter: https://www.twitter.com/sourceprotocol_

Instagram: https://www.instagram.com/sourceprotocol

Telegram: https://t.me/sourceprotocol

Discord: https://discord.gg/zj8xxUCeZQ

Author

Forum Username: Java22

Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3443255

SOURCE Wallet Address: source1svnzfy5fafuskeaxmf2sgvgcn6k3sggmssl8d7

[unpluggedfinancial]

Financial Sovereignty: How Bitcoin and DeFi Empower Individuals

Introduction: Defining Financial Sovereignty

In today’s world, financial sovereignty is increasingly becoming a priority. Financial sovereignty is the ability to fully control one’s financial assets and decisions without interference from external entities. In the face of rising inflation, unpredictable bank policies, and growing government interventions, this concept has gained importance. With innovations like Bitcoin and decentralized finance (DeFi), individuals can now take significant steps toward gaining control over their financial futures.

The Current Financial System’s Limitations

The traditional financial system, despite its familiarity and pervasiveness, has significant limitations. Banks often impose excessive fees, impose arbitrary limits on transactions, and face inherent risks of collapse. Government monetary policies, such as quantitative easing, can lead to inflation and devaluation of the currency, eroding people’s savings. Such vulnerabilities can leave individuals without the ability to protect their wealth.

Bitcoin as a Path to Financial Sovereignty

Bitcoin provides a decentralized alternative that empowers individuals to regain control over their finances. With its limited supply and borderless transactions, Bitcoin is designed to resist inflation, censorship, and external manipulation. It operates on a peer-to-peer network, meaning no central authority controls its value or distribution. Its properties offer a means for anyone to hold and transfer wealth securely, regardless of government regulations or the stability of the banking system.

Decentralized Finance (DeFi) as an Alternative Financial System

Decentralized finance takes the concept of financial sovereignty even further. By leveraging blockchain technology, DeFi platforms offer a new financial system without traditional intermediaries. Individuals can participate in borrowing, lending, and trading directly with others, often at lower fees than banks. DeFi’s trustless protocols enable a broader range of financial activities without requiring centralized permission.

Becoming Your Own Bank: Practical Steps to Financial Independence

So how does one achieve financial sovereignty? Here are some practical steps:

Research and Educate: Learn about Bitcoin and DeFi to understand their benefits, risks, and how to safely participate.

Set up a Bitcoin Wallet: Create a secure, non-custodial Bitcoin wallet to hold your cryptocurrency.

Diversify Investments: Develop a strategy that may include holding Bitcoin alongside other assets or investing in a diverse portfolio of DeFi tokens.

Explore DeFi Platforms: Carefully explore decentralized lending, borrowing, and yield-earning opportunities.

Case Studies: Real-World Examples

Individuals and even countries have found financial sovereignty through Bitcoin and DeFi. In Venezuela, where hyperinflation rendered the local currency nearly worthless, many turned to Bitcoin as a stable store of value. In El Salvador, Bitcoin adoption aimed to provide financial inclusion for the unbanked. These examples highlight how Bitcoin and DeFi can offer meaningful protection against monetary instability.

Conclusion: Taking Control of Your Financial Future

In a world where economic uncertainty prevails, financial sovereignty is an invaluable goal. Bitcoin and DeFi provide unique opportunities for individuals to protect their wealth and make independent financial decisions. By becoming educated and carefully engaging with these technologies, anyone can become their own bank and secure their financial future.

For those interested in this journey, take the next step by continuing to research, asking questions, and exploring the potential of decentralized finance. Your financial future is worth the effort.

[garmmy]

Hello,

I am planning to write a Digimon fanfiction in the near future, and after seeing your original Digimon designs, I had to ask if it would be okay to use some of them for characters Partners, as well as put them in as wild Digimon they encounter on their journey.

hello, thank you for reaching out! i hope you don't mind me publishing the ask (let me know if you don't want it published instead), but this applies to anyone asking about using my fan digimon. :>

regarding using my fanmade digimon designs, you may use them if you are ok with the following terms (that are also written on my blog's FAQ page):

I consider my fanmade Digimon like my OCs, and don’t really wish for them to be reused, but I am aware that they have already been used outside of my knowledge, and I have given permission to a few before. As such I only ask that people kindly abide by the following when using my fanmade Digimon designs: (These apply not only to my art, but art drawn based on my designs) *Please credit/link back if you use them. *Please do not claim my fanmade Digimon designs as your own. *Please do not use the designs for mass-production/commercial purposes. This includes use as assets or content in or to promote YouTube videos, Twitch streams, or other similar content meant to generate ad revenue or offer monetary subscriptions. *Please do not use them to propagate offensive ideologies, etc. *I declare that I have zero involvement in any content involving my fanmade Digimon designs outside of content posted by me. *I reserve the right to ask for any content involving my fanmade Digimon designs to be taken down for any reason.

I do not consent to my art being used in blockchain-related projects or uses, including NFT (non-fungible token).

I do not consent to my art being used as material for AI machine learning software, or similar software used to ‘AI-generate’ images from source artwork.

as written above, while i may not necessarily exercise it if there is no need to, i reserve the right to ask for content involving my fanmade digimon to be taken down for whatever reason, so it may be good to keep that in mind if you are planning to publish content with them as i may in any event ask for it to be removed.

also, if you use them for your fanfic, strictly no monetisation or using that specific fanfic to promote monetisation avenues like commissions/ko-fi/etc. as well.

i hope this answers your question!

[group-50]

Permission Based Blockchain Consulting

Unlock the potential of your supply chain with Group50's Permission-Based Blockchain Consulting services. We specialize in optimizing your operations through secure and transparent blockchain solutions. Our expert consultants guide you in implementing permission-based blockchain technology, ensuring data integrity, trust, and efficiency. Transform your supply chain into a resilient, streamlined ecosystem with Group50's strategic approach to blockchain integration.

[garden-of-willows]

Climbing in the Dark

Tofu and i have been playing a bunch of Rain world lately! i'm the banana slugcat, she's the white one. The lizard's name is Frills!

Please DO NOT use or repost my artwork anywhere without my express written permission. My work is prohibited to be used in any affiliation with NFTs, the blockchain, or AI generators and art.

[argumate]

Maersk and IBM will wind down their shipping blockchain TradeLens by early 2023, ending the pair’s five year project to improve global trade by connecting supply chains on a permissioned blockchain.

TradeLens emerged during the “enterprise blockchain” era of 2018 as a high-flying effort to make inter-corporate trade more efficient. Open to shipping and freight operators, its members could validate the transaction of goods as recorded on a transparent digital ledger. ...

“TradeLens has not reached the level of commercial viability necessary to continue work and meet the financial expectations as an independent business,” Maersk Head of Business Platforms Rotem Hershko said in a statement.

well I said a few times IBM's blockchain crap will go the same way as all the other blockchain crap but it's hard be too smug about that, I mean come on, it was blockchain crap what did anyone expect

[legalupanishad]

Legality of NFTs in India as per IPR: All You Need to Know

This article on 'NFTs legality as per IPR: All You Need to Know' was written by Madiha Khan, an intern at Legal Upanishad.

Introduction

NFTs, or non-fungible tokens, are a type of cryptocurrency token that comprises a variety of physical and virtual properties. It includes images, gifs, drawings, movies, multimedia recordings, and other media. Each NFT is distinct and regarded as a rarity. A blockchain digital journal is used to document NFTs in a way that confirms their originality and legitimacy. Blockchain technologies are digital blocks that keep track of all the transactions involving the virtual digital asset, also known as VDA, where the data and title of NFTs holders are kept. The Intellectual property laws apply to royalty-free licenses on how their CryptoPunks may be used in derivative works belonging to NFT holders.

NFTs procedure

After establishing an NFT, the "smart contracts" replace the current system for the storing and exchanging of digital assets. A smart contract can be thought of as software programs connected to the NFT that includes information, guidelines, and rights relating to the primary asset joined to the NFT, like royalties from music, bonds, invoices, and so on. Thus, the "Tokenization" mechanism enables the original token creator to profit financially from future NFT buyers, which is made possible by the token's uniqueness. Authors can receive royalties on successive future sales of the original work within an NFT on popular NFT platforms like NiftyGateway, Rarible, OpenSea, etc

Intellectual Property Protection

NFTs might be covered by intellectual property rights such as copyrights, design, and trademark protections. As a result, buyers of NFTs should be aware of any associated intellectual property rights. Although design patents may be able to protect some NFT-protected assets, those NFTs would still be restricted by the same legal restrictions as conventional products and services. However, some NFTs may be subject to trademark and copyright protection.  Plausibly, NFTs could be tied to a legal right. The right to own one copy of the creative work (in the same way as one may own any goods or asset) and the freedom to make replicas and produce variants, however, are two distinct rights.

Copyrights protection

Even though NFTs are a pretty modern and somewhat unusual sort of art, copyright law will perceive them in the same manner as any other conventional works of art. They instantaneously become the owner of that work. Selling the printed copy or tangibly printed NFTs is not allowed, however, printing a non-fungible token is much simpler. Certain NFTs violate copyright laws by employing works of art that have been stolen from creators or well-known pieces that the NFT developers are not affiliated with and do not have permission to use. Copyright infringement can also occur even when these works are copied for NFT marketing purposes. An NFT can be screenshotted only for private use and infringement can occur if you resell it, claim ownership of it, share it online or elsewhere, or create a copy of the work for commercial purposes. If such actions are done, the NFT's proprietor may file a lawsuit against the infringer for copyright infringement, or be charged with additional crimes. Where copyright is concerned the title of the core rights can only be transferred to the NFT holder if the original work's author expressly approves doing so. Based on the terms of the transaction, an NFT owner may not be permitted to recreate, advertise copies, display the work publicly, showcase, or make backup copies of the original property only when copyright is transferred via licensing. Under Section 14 of the Indian Copyright Act of 1957, the copyright owner is granted several privileges, including the ability to make copies and alterations. When a customer purchases an NFT that correlates to artistic activity, they also receive a copy of the underlying work (in some digital format, such as.jpeg,.pdf, or.mp4) in addition to the NFT itself, or tokens. Any unauthorized use of an NFT and sending it to a client could be construed as copyright infringement. This goes for any unlawful distribution, copying, or adaptation of an NFT. Imposing IP rights against a buyer after an NFT sale can be difficult because NFT ownership is decentralized and blockchain transactions are immutable. Similar to a bank account, an NFT is typically associated with a mobile wallet address, but without strong digital evidence, identifying the wallet owner could be challenging. Thus, utilizing legally powerful takedown notices might stop the NFT from ever being sold.

The legality of NFTs

If NFTs were classified as derivatives, dealing in them would be prohibited in India since, in accordance with Section 18a of the SCRA (securities contract regulation act), such activity is not permitted on the internet. They are regarded as valid only when derivative transactions are traded on a lawful stock exchange. Commercial transactions known as derivatives generate their value from an underlying asset. These could include interest rates, indexes, commodities, currencies, exchange rates, and equities.  By wagering on the appreciation of the underlying asset, these investment products assist in generating income. The person who mints/makes the NFT is the rightful owner of it. Therefore, in reality, the NFT's owner is not always the author/creator. Nonetheless, minting an NFT of work for that another party owns the rights will effectively be regarded as the work's theft and a copyright violation. In 2018, the Reserve Bank of India (RBI) tried to outlaw the usage of bitcoin or cryptocurrencies. In reaction to the aforementioned order, a few businesses that run online crypto trading platforms and other groups filed appeals.

NFTs legality in India as per IPR: All You Need to Know

Suggestion

Misuse of an NFT or other IP connected to an NFT, you run a legal risk and can potentially be sued. Always beware that the work is not copyrighted content of another if you are an NFT author. Similarly, if you are an NFT holder, follow the rules that are there for your NFT to avoid infringement.  Always be alert and avoid clicking on dubious sites as it could be malicious and harm or hack your device by disclosing your password, or through user error, your NFT could be taken. Technically, a hacker would need access to your wallet in order to steal your NFT; otherwise, they would just be pulled out of thin air. With the advancement in technology, NFT can be stolen in several ways.

Conclusion

Therefore, it is crucial to make a distinction between both the sovereignty of the NFT and the IP that supports it when looking at the property rights implications of NFTs. The powers given through a license or assignment can differ from one NFT to the next, determining the rights provided by an NFT seller. India ought to take inspiration from nations with well-balanced legal and regulatory systems to reduce loopholes and avoid infringement of the rights of the author. NFTs do have advantages and disadvantages. The disadvantage is that there is no stability, and the public is concerned that the NFTs are blatantly overstated as well as the possibility that the NFT market might collapse.

Reference

- Bipul Kumar, 6th June, 2022, at:- https://www.khuranaandkhurana.com/2022/06/06/nfts-and-indian-law/ - ,September 5, 2022 https://blog.ipleaders.in/is-nft-legal-in-india/#:~:text=TradinginNFTswouldbe,onarecognisedstockexchange. - Pravertna Sulakshya, Khurana and Khurana, 17 November 2021, at:  https://www.mondaq.com/india/fin-tech/1132188/nft-and-its-relationship-with-ipr Read the full article

[glitterycoffeeinfluencer]

X METAVERSE PRO: A trustworthy Web3.0 social platform

In the Web 2.0 stage, the Internet has helped billions of people enter a new network model and established a stable and reliable infrastructure. At the same time, driven by various trends and innovations, digital media has begun to prosper. Various audio files, video clips, animations, games, and streaming movies have sprung up like mushrooms after a spring rain, occupying an indispensable part of people’s daily life — most of the time. With the rise of virtual and augmented reality, a deeper level of immersive experiential interaction has also emerged.

Based on this situation, a new business model represented by short video delivery and live broadcast delivery began to emerge and quickly ignited the entire network in a short period. From the perspective of the creator economy, this is a way of monetizing content. From the analysis of the underlying business logic, this method introduces the traffic share of the e-commerce platform to the video platform. It converts the original consumption habits into a P2P model, which symbolizes the arrival of the initial stage of decentralization to a certain extent. Therefore, we foresee that the decentralized, peer-to-peer-led model is bound to make a difference in future business.

The centralized network has the meaning of monopoly, and the wealth is inclined to a few technology giants. Because of such inequality and inequality, the voice of human privacy and data ownership intensifies, and Web 3.0 has become a solution to this dilemma. Web 3.0 advocates decentralization, built, operated, and owned by all users. The core is blockchain, cryptocurrency, and NFT, which advocates the return of power to users in the form of ownership. With the blockchain network acting as the infrastructure, Web3 promises to build a free, open, permissionless next-generation internet.

Web 3.0 is a beautiful vision for humanity. It is felt that the Internet is owned, built, and controlled by users. Social media users can monetize their data and content creators. Payments in cryptocurrency can be received directly, and the creator can own the video platform.

And X METAVERSE PRO is a project for deep thinking and comprehensive layout in Web3.0. Starting from digital media, the platform is committed to building a decentralized video platform and realizing Web3.0 social networking in the true sense. X METAVERSE PRO conducts research and development in conjunction with its financial industry and ecology.

X METAVERSE PRO is a decentralized video platform based on blockchain and smart contracts. Using its features such as de-trust, anonymity, and token incentives, X METAVERSE PRO can well change the status quo of the traditional video industry, solve monopoly, Unequal value distribution, privacy leakage, and high marketing costs are the pain points. The platform can create a virtuous business cycle, connecting content creators, viewers, and advertisers, and the whole process is transparent and efficient.

In X METAVERSE PRO, the creator’s income can be significantly improved. Creators can upload videos on the platform quickly and easily. Once the video is displayed and is loved by the audience, fans can directly give rewards, sponsors can directly sponsor, and everyone can use $XMETA as an economic token within the platform. Permission from the platform is required. In this way, both decentralization and de-platforming are achieved. X METAVERSE PRO is the perfect embodiment of effective information transmission and trust.

In addition, creators will spend less, and the costs of server hosting, and video storage, will be significantly reduced. X METAVERSE PRO incentivizes those with additional storage and bandwidth capabilities to participate in peer-to-peer content delivery networks (P2P CDNs) by issuing $XMETA and running XMETA cache nodes as well as edge nodes. Anyone can take advantage of their Excess resources and get $XMETA rewards.

More importantly, X METAVERSEPRO has created a unique $XMETA incentive community. X METAVERSEPRO is an autonomous platform governed by DAO. When the team conducts economic distribution, a portion of $XMETA will be allocated to encourage participation in community building, marketing, and platform development. When the platform wants to choose one of many projects to advance or develop in a specific direction, all members who hold $XMETA can participate.

Regarding the next development step, X METAVERSE PRO has a careful plan and will focus on the decentralized video platform. Next, the team will expand its personnel by recruiting top talents in various fields to grow the team, including experienced developers, consultants, marketing managers, and community experts. At the same time, the project will update core components and issue development reports every month to establish close relationships with community members.

X METAVERSE PRO is expected to reach a key milestone for the platform by the end of the year and will be the first to launch a demo platform with Metaverse Social, allowing viewers to reward their favorite content creators with $XMETA and allowing the early creator community to start from Earn $XMETA for their content.

After that, the platform plans to construct the peer-to-peer CDN network early next year to complement the current X METAVERSE PRO CDN. The network will allow those with spare storage and broadband capacity to participate in content delivery and be rewarded for doing so. At the same time, it will provide scalability high enough to support the growing traffic of the X METAVERSE PRO platform.

X METAVERSE PRO aims to achieve long-term close cooperation with the community of quality content creators and viewers so that more people can join X METAVERSE PRO. The team will simultaneously develop more features to provide everyone with an excellent viewing experience. According to the development plan, X METAVERSE PRO will achieve the full maturity of DAO in the next year.

X METAVERSE PRO is about to belong to anyone on earth who uses it.

The centralized platform is often a one-stop management model, and the rights of creators, viewers, and advertisers are constantly being squeezed and exploited, which does not apply to Web 3.0. X METAVERSE PRO will lead in Web3.0 practice and create an epoch-making social platform. In my opinion, this is the best way to achieve decentralization and de-platforming.

X METAVERSE PRO will become an irreplaceable Web3.0 interactive solution in the new era.

[pilawturkey]

The 2024 Announcement for the Rejected Crypto Asset Platforms

The 2024 Announcement for the Rejected Crypto Asset Platforms has been newly made by the Capital Markets Board (hereinafter as the Board) dated 23 August 2024. That decision was published in the Board Bulletin No: 2024/42.

Table of Contents

Introduction

What is the meaning of Financial Technologies?

What is the news for the 2024 Announcement for the Rejected Crypto Asset Platforms?

Recent Progress for the 2024 Turkish Crypto Business Environment in Turkey

Conclusion

Introduction

The 2024 Turkish Crypto Law is in effect as of July 2, 2024. A new term was started after the adoption of the Law Numbered 7518 “known as the Turkish Crypto Law” revising the Capital Markets Law Numbered 6362 as of July 2, 2024. All legal practitioners including Turkish business lawyers have focused on main features of crypto asset platforms and upcoming benchmarks and standards by the Board. This article will present a useful summary of the recent Board decision on the 2024 Announcement for the Rejected Crypto Asset Platforms.

What is the meaning of Financial Technologies?

Financial technologies (FinTech) environment has improved very quickly over the last 20 years across the globe. The term “FinTech” is used to refer to emerging electronic payment methodologies and systems such as electronic money institutions, payment institutions, digital banks, online insurance agencies, and crowdfunding platforms and blockchain such as crypto currencies. It is very significant to underscore at this juncture that the terms for crypto wallet, crypto asset, crypto asset storage service and crypto asset exchange platform as well as crypto assets service provider were made in Article 1 of the Law Numbered 7518. It is mandatory to obtain a permission from the Board for the establishment and operation of crypto service providers.

For our work and all legal services on the matter of financial technologies, please click our “Practice Areas”, titled, FinTech For a comprehensive discussion on the FinTech Environment in Turkey, take a look at our article on FinTech Guide in Turkey For more discussion for the importance of FinTech for banking and finance, take a look at our article on Banking and Finance Law in Turkey

What is the news for the 2024 Announcement for the Rejected Crypto Asset Platforms?

There is recent progress on the 2024 Announcement for the Rejected Crypto Asset Platforms. The Board announced its decision for the list of crypto platforms whose declaration applications have not been considered or have been directly rejected. The announcement is available in Board Bulletin 2024/42.  The applications of 32 crypto providers have been removed from processing on the grounds of incomplete or insufficient submission of the requested explanations and documents. The applications of 32 more crypto asset platforms have not been processed on the grounds of the lack of any customers and/or customer storage balances as of the application date.

See also our previous article on New Turkish Crypto Law 2024

Recent Progress for the 2024 Turkish Crypto Business Environment in Turkey

In Turkey there has been a broad range of developments for the improvement of financial technologies. As a first step, the digital participation banking system is accepted by Turkish lawmakers in Turkey.

As a second step, the recognition of digital wallets has also been completed by means of new regulation of the Central Bank of the Republic of Türkiye. In this way, a Digital Wallet Era in Turkey started.

As a third step, the 2024 New Electronic Submission System for Turkish Capital Markets was instituted by the Capital Markets Board of Türkiye.

Turkish policy-makers took a commitment of the full compliance of the emerging capital markets system in line with the Financial Task Force standards and principles designed for the prevention of money laundering and terrorist financing. Therefore, fourthly, the Law Numbered 7518 on Amendments to the Capital Markets Law Numbered 6362 has been enacted. The Law Numbered 7518 is regarded as Crypto Law of Turkey and enters into force following its publication in the Official Gazette dated July 2, 2024.

Take a look at our up-to-date article on the 2024 FATF Decision on Turkey

Fiftly, the first decision on the 2024 Announcement for the Rejected Crypto Asset Platforms has been delivered by the Board dated 23 August 2024. 

Conclusion

Considering the above, it is critical to outline that the Board is granted a wide margin of appreciation and authority to manage crypto asset regime. Totally 64 application processes were stopped by the Board because of the lack of necessary requirements in the 2024 Announcement for the Rejected Crypto Asset Platforms. Undoubtedly, investment advice through the comprehensive assistance of Turkish business lawyers is seen as a considerable component of FinTech crypto investors in Turkey.

[oliverethanrobin]

Enterprise Blockchain Development: Transforming Businesses with Justtry Technologies

Introduction

In modern conditions, enterprise blockchain development is already a leading solution among companies that want to up the efficiency level and secure their data. Justtry Technologies is the global organization that focuses on providing end-to-end block chain services for industries. But let’s take one step back and understand what is enterprise blockchain and how it can help your business. Now, it is high time to flesh out the potential of this innovative technology in terms of the concepts, features and applications.

What is Enterprise Blockchain?

Enterprise blockchain can be described as the application of blockchain within the business environment for the purpose of efficiency enhancement of various business activities and rendering of business solutions that are both secure and transparent. While blockchains that are public in nature allow anybody to join and engage the network, enterprise blockchains are mostly private where only the admitted parties can transact. This fosters an environment perfect for industries such as finance and supply chain not forgetting healthcare where issues to do with privacy and data control are paramount.

As with any other type of blockchains, there are many things that you can do with the Enterprise Blockchain Development.

By leveraging enterprise blockchain development, companies can:

Streamline Operations: Reduce the need of mediators and accelerate transactions that occur.

Enhance Security: This feature makes data to be safe and secure from fraud and cyber threats since the information stored in a blockchain cannot be changed.

Improve Transparency: Any transaction that is executed on a blockchain is broadcasted publicly for all the authorized participants within the business network hence increasing the level of trust among the business entities.

Facilitate Compliance: Blockchain assists the management of organization to ensure clean and accurate records that are important for compliance with the set regulations and especially in industries that have strict regulation on the records to be produced.

The following are the features that identify the best enterprise blockchain:

Here are some standout features of enterprise blockchain:

Decentralization: Data is not centralized and it is broken up into several nodes to minimise risks associated with failure of any particular node.

Immutability: That is why once data has been entered into the blockchain it cannot be changed – creating a high level of reliability.

Smart Contracts: Escalate and automatically enforce contracts where conditions are met automatically so as to minimize discretion.

Permissioned Access: The benefits of using enterprise blockchains are that members of the network are always known, the nodes are vetted, making it easier to govern access and therefore more effective in controlling sensitive data.

Scalability: Enterprise blockchains on the other hand are built for more transactional requirements and therefore organizations undertaking big operations need them.

Enterprise Blockchain Platforms

Several enterprise blockchain platforms are widely adopted, each offering unique benefits:

Hyperledger Fabric: A permission based application that enables firms to create an enterprise grade blockchains to their requirement.

Ethereum (Private Networks): private Ethereum networks are excellent for building a decentralized application because of smart contracts that can be used.

Corda: Built for finance industries it provides privacy and scalability in the enterprise environment for which it has been built.

Quorum: Quorum is an Ethereum-based platform which is designed for privacy and performance; thus, Quorum is ideal for enterprises that need fast and secure transactions’ processing.

Strategic Advantages That Blockchain Development Provides for Enterprises

Enterprise blockchain development offers numerous advantages for businesses across industries:

Reduced Costs: Blockchain erases the intermediaries, and that means that applying this technology leads to saving money due to the automation of particular processes.

Improved Efficiency: They are completed faster especially where the use of smart contracts which self-executes all the contractual provisions.

Enhanced Data Security: For this reason, through the application of cryptography, block chain ensures that data is protected from any form of alteration.

Greater Trust: Transparency which is nature of the blockchain technology fosters trust among partners, suppliers, and customers.

Regulatory Compliance: Businesses find blockchain quite appropriate because its records do not contain ambiguity and thus help in adhering to regulatory standards.

Applications of Block Chain in Enterprise Environment

Enterprise blockchain has applications across a variety of industries:

Supply Chain Management: Blockchain also makes it possible for businesses to track the flow of their products in a bid to enhance transparency and effectiveness of the supply chain right from the manufacturing process up to the delivery stage.

Finance: This is because it facilitates the safe conduct of financial transaction without relying on the third parties like the banks.

Healthcare: Blockchain can also be applied in sharing of information concerning patients in a safe method and embraces the laws for example the HIPAA.

Retail: Another example of applying blockchain is in improving customer rewards programs as they can be tracked in real time by retail stores.

Energy: Blockchain technology is also applied for microgrid trading where clean energy from renewable sources can be generated and traded between the electric grid producers and consumers.

Conclusion

In the context of today’s ongoing digitalisation of businesses, the development of enterprise blockchain remains a stable approach to optimise and secure operations while increasing trust. As for Justtry Technologies, the client gets a team of dedicated developers who will provide a specific type of blokchain for your field of activity. Whether it is supply chain management or finance and everything in between, blockchain will change the way that business is done.