Awards and Honors, Business, Free News Articles, Product Launches

Stack Sports Partners with NEAR Foundation to Make NFTs more Accessible to Sports

PLANO, Texas -- Stack Sports - the global technology leader in sports software announced today that it will be partnering with the NEAR Foundation, a Swiss non-profit that oversees the NEAR blockchain ecosystem, to launch an athlete-focused NFT platform. The new Stack NFT platform will give all athletes an opportunity to create and mint their own NFTs on NEAR's blockchain.

"We are continually looking for new ways to serve our partners and sports families," said Brandon Shangraw VP of Marketing and Innovation at Stack Sports. "This athlete-focused NFT platform will allow our partners to access cutting edge innovation that was previously unavailable to our market. We see this as a huge value add for sports organizations and families."

Momentum continues to build around Stack Sports and its ecosystem as they add value for sports organizations. The largest ecosystem of value-add services now boasts over 50 products and services designed to help organizations grow participation while transforming the experience for athletes.

"NEAR is the perfect partner to help us bring this product to market," said Kyle Lundon, VP of Product at Stack Sports. "With their focus on scalability, security, and a consumer-friendly user experience they are a layer one blockchain technology that can support sports at scale. Their leadership in this space has given us confidence they can support the ten million plus sports families we serve."

The NEAR blockchain is faster than the world's most used blockchain and capable of 100,000s of transactions per second, with lower transaction fees. This allows the Stack NFT platform to give athletes a chance to mint their own NFTs at a very low cost and on a carbon-neutral blockchain. For Stack Sports users, the first NFTs they create will be free as an added benefit of being in the largest sports ecosystem. That means users of products like Sports Connect, CaptainU, Skyhawks, and Stack Team App will all have the opportunity to jump into creating an NFT at no cost.

NEAR runs in concert with Ethereum, along with other blockchains, allowing for the free flow of assets and communication between networks for the betterment of all. This means that the NFTs created on the NEAR blockchain are best-in-class and come without these portability restrictions that exist elsewhere in the NFT ecosystem.

"Sports is a clear space for innovation within the NEAR ecosystem," said Josh Daniels Head of Funding at the NEAR Foundation. "We are excited to partner with Stack Sports who has the vision and depth of experience to develop an NFT platform for all athletes."

The NEAR Foundation aims to help evangelize, raise awareness, support, and grow their ecosystem by allocating funding, including non-equity grants. To date, the foundation has allocated over $12M to nearly 600 grantees.

About NEAR:

NEAR is a high-performance blockchain that is designed to be super-fast, incredibly secure, and infinitely scalable. NEAR's vision is to create a network that enables people to re-imagine finance, creativity, and community in new and inclusive ways.

NEAR is built by an award-winning team of engineers and entrepreneurs to be simple to use, inclusive and good for the environment. NEAR is backed by top VCs such as A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures.

About Stack Sports:

With nearly 50 million users in 35 countries, Stack Sports is a global technology leader in SaaS platform offerings for the sports industry. The company provides world-class software and services to support national governing bodies, youth sports associations, leagues, clubs, parents, coaches, and athletes. Some of the largest and most prominent sports organizations including the U.S. Soccer Federation, Little League Baseball and Softball, and Pop Warner Little Scholars rely on Stack Sports technology to run and manage their organizations. Stack Sports is headquartered in Dallas and is leading the industry one team at a time focusing on four key pillars -- Grassroots Engagement, Participation Growth, Recruiting Pathways, and Elite Player Development. To learn more about how Stack Sports is transforming the sports experience, please visit: https://stacksports.com/.

Related link: https://stacksports.com/

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Advertising and Marketing, Business, Free News Articles

Digitl Mediums Marks Women’s History Month in Partnership with Fame Lady Squad and NFTignition by Co-Hosting Woman-Centric NFT Events

BEVERLY HILLS, Calif. -- Outernational Holdings, LLC (dba Digitl Mediums) is proud to recognize and celebrate women and girls this month around the world in celebration of Women's History Month. Digitl Mediums is committed to continuing its efforts to promote gender equality with meaningful partnerships, celebratory packaging and global storytelling efforts.

To mark the milestone, Digitl Mediums is announcing that it is working with the Fame Lady Squad and NFTignition to host a booth at the Los Angeles NFT.LA event (March 28-31). Immediately following NFT.LA, Digitl Mediums, Fame Lady Squad and NFTIgnition will host Women.NFT -- the first all-female NFT panel, NFT gallery event and a "From the Blockchain" podcast event to be held at various Los Angeles locations on April 1st & 2nd. The events serve to celebrate the impact that women and girls have made and continue to make and encourages female education and empowerment in the NFT, crypto and Web3.0 space.

"I am really proud to be a part of the movement we see happening in NFTs right now, and events like Women.NFT that amplify all the work being done to bring more women into the space," said NFTignition, co-Owner of Fame Lady Squad. "For the first time, women have a chance to be at the forefront of new technology, and we are working hard to make sure that's exactly what happens."

Women.NFT will feature special appearances from the following influencers who are deeply vested in the NFT and crypto space: NFTignition (co-Owner of Fame Lady Squad and co-Host of the "From the Blockchain" podcast); Bored Becky (co-Owner of Fame Lady Squad and co-Host of the "From the Blockchain" podcast); Crypto WendyO (a crypto expert that provides marketing and media solutions for crypto companies globally and founder of the "O Show"); Toni Payne (founder of Champayner Social Club and the Host of the NFT Talk Show); Brooke J Lacey (a NFT project tech advisor, blockchain developer, crypto TikTok creator, speaker & educator, and Web3.0 tech recruiter); and Iris Ichishita (a filmmaker, executive, producer, digital engagement expert and entrepreneur with hands-on experience in creative development, content programming and physical production.

"Digitl Mediums is pleased to host the first NFT gallery event and panel to feature women in the NFT industry," said Jay Estrella, CTO of Digitl Mediums. "The event serves to celebrate the impact that women and girls have made and will continue to make in the burgeoning NFT space."

Attendance at NFT.LA and the Women.NFT events could not be possible without the sponsorship of Year of the Woman (a series of dynamic, one-of-a kind NFTs created by artist Yasmin Shima); Mine the Future (the first NFT that mines you Bitcoin - owners of MTF become profit partners in an industrial-grade BTC mining facility); DigitalSelf, Inc. (a leader in the metaverse space); TokenProof (lets you prove ownership of your digital assets without compromising safety or privacy, both online and IRL); Defintasy (a play-to-earn metaverse platform); and Macroverse.world (digital comics, collections and story-telling on the Blockchain).

About Digitl Mediums

Beverly Hills-based Digitl Mediums is a purpose-built team of strategists, digital marketing experts, creatives, and influencers passionate about building, evolving, and amplifying the reach, voice, people, and product offerings of the brands we represent. Our team's collective experience is heavily rooted in sports, art, entertainment, emerging culture and creative marketing in the crypto industry to create the kind of advertising people want to experience, witness, hear, feel, promote, and pay for. Our team has been in the industry for over 40 years with experience working with some of the best in the industry, such as Nike, Sprite, Gatorade, Verizon, ADIDAS, and Spark Communications. For more information, please visit our Website: https://digitlmediums.com/

About Fame Lady Squad and NFTignition

Fame Lady Squad is not only the first generative female avatar NFT project but also the first community-led project, and its community exists to provide opportunities and support to women of all backgrounds in the crypto/NFT space. Fame Lady Squad is led by pioneering members of the woman's NFT space: Bored Becky, Data Lady (Now Data) & NFTignition (known outside the NFT world as Danielle Davis). NFTignition is the Co-Owner of Fame Lady Squad. Some might know her as the Host of the Podcast series "From the Blockchain" or from her appearance on Bloomberg TV. For more information, please visit: https://nftignition.com/ and https://www.fameladysquad.com/our-story

Related link: https://digitlmediums.com/

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Business, Free News Articles

NOOFT Project to create the NFT Search Engine

SHERIDAN, Wyo. -- NOOFT project is a one-stop-platform for the NFT market, with a unique AI-based ecosystem designed to filter and index millions of NFTs from marketplaces around the web so that NFTs' enthusiasts can get everything they need about the NFT world in no time. In an NFT world with various marketplaces and NFTs minted on different blockchains that make it hard for the end user (both creators and owners) to navigate them all, the NFT enthusiasts have now access to the entire NFT world through just one platform: NOOFT.

NOOFT project - NFTs integrated ecosystems

NOOFT project aims at integrating the NFT marketplaces, by creating:

* NOOFT search engine: integrating marketplaces across the world, NOOFT is the one-stop-platform to search and discover NFTs so users can find what they are looking for easier and faster. Also, the ads will help the NFTs creators & marketplaces to promote their assets.

* NOOFT for creators: as there is no evolution without constant learning, NOOFT brings a comprehensive NFT academy designed for both NFTs beginners and experts.

* NOOFT terminal: where NFT experts will have access to a high level analytics platform where they can dive deeper into the NFT world.

NOOFT token

The partnership the Nooft Project has with the NOOFT token will grant users access to special discounts for services on the NOOFT platform. As a loyalty utility token, NOOFT token will enable holders to explore and enjoy all the perks of the NOOFT project's features.

NOOFT search engine - next stop

When creating or buying an NFT, the user faces the challenge of multiple marketplaces and systems that require time and energy to get used to them, to get all the information needed. Here is where the NOOFT platform steps in with its NFTs search engine that will help the users to navigate the NFT world faster and easier. Therefore, the next stop in the NOOFT project will be the MVP version of the NFT search engine, starting from Q2 in 2022.

Learn more at: https://nooft.io/

Nooft Technologies Inc. is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Related link: https://nooft.io/

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Business, Environment and Ecology, Free News Articles, Legal and Law

Legal Counsel for Blockchain Smart Contracts Announced for Carbon Tokenization

CHEYENNE, Wyo. -- Carbon Asset Network (CAN) announces that Oklahoma-based Wurtz & Associates will provide oversight and facilitation of the blockchain-based "smart contracts" related to the recently revealed initiative by CAN. Through an innovative protocol, this process tokenizes land resources for carbon sequestration and protection of the soil and water resources. The initiative makes use of the natural process of photosynthesis, which reduces carbon in the air.

"We chose Kimberly Wurtz's firm to oversee this aspect because she is specialized in property law and water law, as well as land management, and has focused her firm on solely assisting landowners," says John Robitaille, Director of Carbon Asset Network. "Her firm will act as the point of contact for tokenizing the landowner assets from start to finish."

The initiative will also have support from a Digital Asset Manager who will provide the information necessary to validate the resource's title and ensure the smart contracts are properly in place. The use of blockchain creates a secure, unchangeable title and legal language in contracts so there is upmost transparency and accountability. This initiative will be the first to apply this type of technology to a real property in a way that not only benefits the landowner, but also benefits the land and promotes climate wellness.

"At Wurtz & Associates, our focus is to help empower landowners in protecting their land and resources. By utilizing blockchain, landowners can participate in CAN's grants for soil health, water, carbon, and other essential aspects to ensure that the land thrives," says firm owner Kimberly Wurtz. "Our firm is a fierce advocate for landowner rights and the protection of all natural resources."

Carbon Asset Network offers grants from the nonprofit Synergy for Ecological Solutions to land managers to create a total ecological solution in consultation with CAN's agronomy experts. Through photosynthesis, an increase in soil health will result in a decrease of carbon in the air.

For more information:

http://CarbonAssetNetwork.com

https://www.wurtzpropertylaw.com/

Related link: http://CarbonAssetNetwork.com/

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Alliances and Partnerships, Business, Environment and Ecology, Free News Articles

Blockchain Meets Agriculture to Improve Soil and Air Quality

CHEYENNE, Wyo. -- Two innovative Cheyenne-based companies, the agricultural Carbon Asset Network and blockchain consultancy group Ember Labs have joined forces to create the new pathway for carbon sequestration and improving air quality by using the power of blockchain. This new model is designed to be a private enterprise alternative to Cap and Trade methods, which have not proved successful since its inception in 2009.

"Blockchain, combined with tokenization, empowers a model where we all can be successful in cleaning carbon out of our air by improving soil health," says Ian Alexander, principal of Ember Labs. "It's time to put that ability into the hands of ESG oriented businesses, agriculturists, land managers of any kind, and the everyday people wanting to help our environment. The desire to do this is not new. What we have designed is the ability to streamline and make the process for a Total Ecological Solution actually work."

The Carbon Asset Network joins with nonprofit Synergy for Ecological Solutions to provide grants which allow land managers to take action for a Total Ecological Solution through soil health. Often these new methods increase operating costs and capital investment. The grants allow the land managers to take action right away to maximize soil health.

As soil becomes healthier, there is more oxygen released to the air, and more carbon pulled into the roots and soil (carbon sequestration) through the natural process of photosynthesis. Land managers include not only those in the agriculture industry, but managers of parks, golf courses, undeveloped land, or anyone who manages open land.

"It's actually very simple," says John Robitaille, Director of Carbon Asset Network. "Nature has its own way to increase air quality and that's photosynthesis. Working with Ember Labs, we have created a method utilizing blockchain that simply makes this feasible and effective in a private enterprise scenario, which lets those who want to help both our soils and our air quality. The whole process turns on simply cooperating with Nature. We say it's climate wellness through soil health."

Many air quality programs are designed to eliminate emissions from fossil fuel. This new method, however, is designed to take any carbon out of the air immediately and is not reliant on adoption of alternative energy sources so that the air can improve sooner rather than later.

For more information, visit:

http://CarbonAssetNetwork.com

https://www.emberdev.io/

Related link: http://CarbonAssetNetwork.com/

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Business, Fine Art and Artists, Free News Articles

Brilliant Chess Game Finale by World Chess Champion Magnus Carlsen Has Been Added to ‘Chess Board Rapture’ NFT Collection

NEW YORK, N.Y. -- A Magnus Carlsen chess brilliancy that wrapped up his successful 2016 World Chess Championship match defense has been minted by Citrusw00d Productions on the OpenSea non-fungible token (NFT) marketplace.

The latest addition to the Chess Board Rapture NFT collection depicts the concluding phase of Carlsen's final playoff game win over challenger Sergei Karjakin five years ago - culminating with a shocking queen sacrifice that has been called the most dramatic final move of any World Chess Championship since the institution originated some 135 years ago.

The 94-seconds-long film can be viewed at:

https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/63367472966475522338762630114326136861224857079812512247593168992986552336388

Like previous entries in the collection, the featured move sequence is rendered by means of sophisticated videographic technology and is accompanied by text and graphic elements that evoke the time and place where the game occurred, and by branded music synchronized to reinforce the impact of the viewing experience. Each of these practices is unique -- making Chess Board Rapture a pathbreaking project in the nascent chess NFT universe.

"Everything in this film and in the two previous ones is 100% comprehensible to any viewer who knows nothing more than the rules of play," says Coordie64, the chess playing visual artist behind the Chess Board Rapture project. "The on-board action is explained without use of chess notation or special terminology, but in under 100 everyday words that illuminate both the game's aesthetic beauty and appealing tidbits about its history."

Norwegian Magnus Carlsen, who will defend his title again this month in a match against Russian challenger Ian Nepomniachtchi in Dubai that begins November 24, is viewed by many as the greatest chess player ever. The 2016 championship match took place in New York City some three years after he first wrested the world title from Vishy Anand.

Although neither contestant in the latest Chess Board Rapture NFT game was American, the 2016 match was the first one-on-one battle for the world chess title held in America since 1995, and only the third since 1907. Extending this collection's tradition of designing displays that bridge chess culture with the wider world, the text page colors and typefaces that appear in the latest NFT were associated with the most visible and consequential non-chess event that coincided with the Carlsen-Karjakin chess match.

The next item slated to join the collection later in November will also extend a Chess Board Rapture tradition of honoring women's contributions to high-level chess past and present. It will feature a brilliancy by Vera Menchik, the first Women's World Chess Champion. Menchik competed against most of the world's top male players while holding the women's championship title from 1927 until 1944 when she and her family died in a German bombing raid on London.

Each Chess Board Rapture film presents a short sequence of moves that decided a historically important game, followed by a text vignette describing the context and the players. Designed for the general public and art collectors, the content contains no chess notation. Each NFT will be produced in a pre-set number of editions that carry a unique digital certificate of authenticity recorded on the Ethereum blockchain.

The collection is housed at https://opensea.io/collection/chess-board-rapture.

The project is managed by Citrusw00d Productions, a start-up enterprise that is working with members of the chess community to develop curated experiences meant to deepen public appreciation of the aesthetic beauty and historic traditions of the Royal Game.

Unlike other e-sports, chess is widely recognized as an art form as well as a competitive struggle. It is not uncommon for chess tournaments to award "brilliancy prizes" for exceptional creativity at the board. Frank Marshall, an American champion of the early 20th century, once made a move of such beauty that spectators reportedly showered him with gold coins. Marcel Duchamp, a professional-level chess player and a world-class artist, famously declared that "all chess players are artists."

Citrusw00d Productions website: https://citrusw00d.com

For technical and other details of the Chess Board Rapture project and its people, please refer to the background fact sheet linked here (PDF):

https://drive.google.com/file/d/1bLc1aGt9Rt1KABKhucTlgyARV010Ym13/view?usp=sharing

Please note that the company name, Citrusw00d, is spelled with zeros ("0") in place of the letter "o."

MULTIMEDIA:

*IMAGE link for media: https://www.Send2Press.com/300dpi/21-1119s2p-Citrusw00d-chess-300dpi.jpg

*LOGO link: https://drive.google.com/file/d/1uVxyYAgc8fkY7EI4zgzu30ELUpTktuPX/view?usp=sharing

ABOUT THE NEWS SOURCE:

Citrusw00d Productions is in the business of production and distribution of multimedia content targeting specialized audiences, including collectors of chess art with historical significance.

More Information: https://citrusw00d.com/

Related link: https://citrusw00d.com/

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Business, Free News Articles, Software

FormFree selects Amazon Web Services (AWS) to power consumer financial identity solutions

ATHENS, Ga. -- FormFree® today announced it has selected Amazon Web Services, Inc. (AWS) to power FormFree's consumer Financial DNA® solutions for the lender market. FormFree, a pioneer in direct-source digital financial verification, leverages cloud computing technologies to deliver scalable and secure solutions to over 3,500 lenders and partners throughout the United States.

FormFree will leverage leading AWS technologies such as Amazon Managed Blockchain to create a scalable Hyperledger Fabric network to deliver its Passport® Token and vision of commoditizing borrowers' and credit providers' interests using non-fungible tokens (NFTs) in the FormFree Exchange (FFX), a marketplace solution that puts consumers in control of their lending interactions. Blockchain maintains the proof of truth as consumers use FFX to safely and securely share their verified Passport Token with prospective credit providers.

The partnership also strengthens FormFree's ability to deliver financial data to U.S. housing finance agencies by leveraging AWS's expertise in the federal government and housing finance sectors.

"The FormFree Exchange, powered by AWS, revolutionizes consumers' participation in the lending process," said FormFree Chief Technology Officer Brian Francis. "No longer is getting a loan centered on the lender. Instead, each consumer's unique Passport NFT puts them in control of who can see their financial information, and lenders can instantly get matched with leads that are not only qualified based on the consumer's level of interest but also verified based on the degree of fit between the consumer's financial profile and the lender's offerings."

About FormFree®

FormFree® is a market-leading fintech company whose revolutionary products AccountChek® and Passport® make for a more inclusive credit decisioning landscape by enabling lenders to understand people's true ability to pay (ATP®). Our vision is to leverage source data and data-driven intelligence to usher in a new era of transparent, fair and liquid credit markets. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing trillions of dollars in loan verifications. FormFree delights borrowers and lenders with a paperless experience, dramatically reduces origination timelines and offers automated analysis and standardized delivery to lenders and investors using a secure ReissueKey®.

For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

Related link: https://www.formfree.com/

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Business, Free News Articles, Funding and Investment

Blockchain-based, AI-powered mortgage advisor Home Lending Pal raises $2.2M in pre-Series A round led by TMC Emerging Technology Fund LP

SAN DIEGO, Calif. -- The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP (the "Fund") recently led a pre-Series A investment round in Home Lending Pal, a technology-enabled marketplace that focuses on fair lending practices by using artificial intelligence and distributed ledger technology to turn a complex home research and origination process into an easy online shopping experience for both qualified and unqualified borrowers.

Home Lending Pal's platform assists consumers, particularly minorities and millennials, to assess their financial ability to take on a mortgage. It also guides them to take actions to improve their access to mortgage financing and select mortgage originators with whom they want to share their application information based on an AI algorithm that predicts probability to close.

"TMC understands that progressive approaches to addressing fair lending and bridging the homeownership gap are needed, and the unique access the Fund provides to TMC's network of prominent industry lenders will be vital in helping Home Lending Pal build a process that de-identifies HMDA data until after the underwriting decision is made," Bryan Young, co-founder and CEO of Home Lending Pal, said. "This revolutionary technology allows underwriting data to be digitally validated while using a single upload of documentation to enable multiple lenders across the country to determine if they will work with the borrower without human biases from the upfront disclosure of age, sex or race."

"Financial inclusion must start with equal access, borrower data empowerment, and personalized education without sales pressure," said Steven Better, co-founder and COO of Home Lending Pal. "Home Lending Pal reduces origination friction for qualified borrowers and allows personalized roadmaps for unqualified borrowers to become qualified. I am excited to work with TMC to modernize the process by emphasizing fair lending and putting people first."

"The mortgage industry is embracing the idea of providing educational financial resources to consumers long before they begin their home buying journey and seek out lenders for financing options. Home Lending Pal exemplifies this concept by providing a much-needed solution to a pervasive issue," said Jonathan Freed, Managing Partner of Holland Mortgage Advisors and one of the Fund's participating Limited Partners. "We are excited by Home Lending Pal's cutting edge technology and the opportunity to collaborate with their forward-thinking team to improve access to home financing solutions by all consumers."

Orlando-based Angel Syndicate Bluewave Investment Partners, CMFG Ventures, Dallas Cowboys linebacker Jaylon Smith, and CMFG Ventures Discovery Fund are other notable investors who joined the round. Home Lending Pal has raised $3.5 million to date for its digital mortgage advising platform, powered by artificial intelligence and blockchain. Home Lending Pal will demonstrate the next phase to the Consumer Financial Protection Bureau (CFPB) in early September and release it to the public for consumer use and feedback by late September.

The Limited Partners of the TMC Emerging Technology Fund consist of some of the most technology-forward lender members of TMC who evaluate and invest in companies looking to advance the mortgage industry. The Fund continues to look for investment opportunities that will result in higher profitability and business process improvement for TMC lender members.

About The Mortgage Collaborative

Based in San Diego, Calif., The Mortgage Collaborative was founded in 2013 by four notable industry leaders and is the nation's largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to mid-size mortgage lenders across the country to reduce cost, increase profitability, and better serve the dynamic and changing consumer base in America. For more information, visit http://www.mortgagecollaborative.com/.

Related link: https://www.mortgagecollaborative.com

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Business, Fine Art and Artists, Free News Articles

The NFT Art Market Just Got Safer and Faster – VR-All-Art Integrates Solana Blockchain to Develop New Protocol

ZUG, Switzerland -- VR-All-Art, one of the leading platforms for exhibiting and acquiring art in virtual reality, today announced an integration with the Solana blockchain. The adoption of a blockchain infrastructure for virtual exhibitions is meant to ease art trade in virtual reality while bringing liquidity and regulation to the growing NFT art market. The platform will ensure that art registered on the blockchain is compatible with established regulations and copyright laws by developing the All-Art Protocol on Solana.

With the All-Art Protocol, VR-All-Art is aiming to bring constant liquidity to the world of tokenized art by creating a unique type of AMM (automated market maker) liquidity pools for NFTs. The protocol introduces a new standard, the NFT-PRO, designed for stakeholders in the art market. The NFT-PRO standard will enable artists to customize license rights for each art piece they create and embed them into NFT-PRO smart contracts. Through this mechanism, the All-Art Protocol will protect both artists and collectors, while enabling new use cases for owning, exhibiting and trading art on the blockchain.

"What we have witnessed with the latest trend in registering art as NFTs is a lack of proper infrastructure to handle the demand," said Vitomir Jevremovic, CEO and Founder of VR-All-Art. "Ethereum transactions are slow, while the fees for minting and trading NFTs are skyrocketing. The environmental impact of a single NFT mint is enormous. This is not sustainable. Artists and galleries need affordable ways to put their art on the blockchain and have real-time transactions to handle live auctions. This is why we have chosen Solana. It is the fastest and most promising blockchain with a low energy-consumption footprint. We simply need things to work when people are minting NFTs and creating virtual exhibitions."

Talking about the NFT standard currently in use, Jevremovic said, "The art market got a good introduction to what blockchain can do for it, but it was a tough lesson to learn because NFTs are just not a good enough solution." He went on to state, "With the current NFT model, you basically own a string of text in the form of a hash or a link. This is not an art piece. We need better ways to incorporate art license rights into smart contracts. We believe the global art market needs a blockchain standard in line with the regulatory framework for art. Only then can we expect the art market to expand and scale in the digital and virtual space, with more people engaging and transacting value through NFTs."

Anatoly Yakovenko, the President of the Solana Foundation said, "Fast, low-cost NFTs have the potential to bridge legal rights and digital authentication in ways never before possible. I'm delighted the All-Art Protocol is choosing to build on Solana, and look forward to their launch." VR-All-Art invites other platforms to use the All-Art Protocol and join its efforts to regulate the NFT art market and provide more liquid assets for stakeholders.

Don't miss any news about the All-Art Protocol and hot NFT topics on Twitter @allartprotocol.

About VR-All-Art

VR-All-Art is an established platform in the art and XR space. It is a platform and a marketplace for artists, galleries, museums and the general public to exhibit, explore and acquire art in virtual exhibitions. A virtual space, a metaverse of galleries and exhibition spaces with no physical boundaries, it is revolutionizing art exhibitions and art spaces by giving new power to artists as they are no longer constrained to the limitations of real world space and time.

To learn more, please visit https://vrallart.com/. To learn more about the All-Art Protocol, please visit https://allart.io/.

About Solana

Solana is a high-performance Proof of Stake (PoS) blockchain focused on delivering scalability without sacrificing decentralization or security.

Until now, blockchains have been single-threaded computers, guaranteeing no two transactions conflict if executed in parallel. Solana unlocks concurrent GPU-parallelization for the first time, using Proof of History (PoH), a clock before consensus, delivering high speed, low latency, and inexpensive transactions, all at layer 1 without sharding.

Developed by a team of former Qualcomm, Apple, Intel, and Dropbox engineers, Solana is stewarded by The Solana Foundation and is advanced by a loyal community of decentralized developers around the world. To learn more, please visit https://solana.com/.

*PHOTO link for media: https://www.Send2Press.com/300dpi/21-0518s2p-vrallart-300dpi.jpg

Related link: https://vrallart.com/

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Business, Fine Art and Artists, Free News Articles

The NFT Art Market Just Got Safer and Faster – VR-All-Art Integrates Solana Blockchain to Develop New Protocol

ZUG, Switzerland -- VR-All-Art, one of the leading platforms for exhibiting and acquiring art in virtual reality, today announced an integration with the Solana blockchain. The adoption of a blockchain infrastructure for virtual exhibitions is meant to ease art trade in virtual reality while bringing liquidity and regulation to the growing NFT art market. The platform will ensure that art registered on the blockchain is compatible with established regulations and copyright laws by developing the All-Art Protocol on Solana.

With the All-Art Protocol, VR-All-Art is aiming to bring constant liquidity to the world of tokenized art by creating a unique type of AMM (automated market maker) liquidity pools for NFTs. The protocol introduces a new standard, the NFT-PRO, designed for stakeholders in the art market. The NFT-PRO standard will enable artists to customize license rights for each art piece they create and embed them into NFT-PRO smart contracts. Through this mechanism, the All-Art Protocol will protect both artists and collectors, while enabling new use cases for owning, exhibiting and trading art on the blockchain.

"What we have witnessed with the latest trend in registering art as NFTs is a lack of proper infrastructure to handle the demand," said Vitomir Jevremovic, CEO and Founder of VR-All-Art. "Ethereum transactions are slow, while the fees for minting and trading NFTs are skyrocketing. The environmental impact of a single NFT mint is enormous. This is not sustainable. Artists and galleries need affordable ways to put their art on the blockchain and have real-time transactions to handle live auctions. This is why we have chosen Solana. It is the fastest and most promising blockchain with a low energy-consumption footprint. We simply need things to work when people are minting NFTs and creating virtual exhibitions."

Talking about the NFT standard currently in use, Jevremovic said, "The art market got a good introduction to what blockchain can do for it, but it was a tough lesson to learn because NFTs are just not a good enough solution." He went on to state, "With the current NFT model, you basically own a string of text in the form of a hash or a link. This is not an art piece. We need better ways to incorporate art license rights into smart contracts. We believe the global art market needs a blockchain standard in line with the regulatory framework for art. Only then can we expect the art market to expand and scale in the digital and virtual space, with more people engaging and transacting value through NFTs."

Anatoly Yakovenko, the President of the Solana Foundation said, "Fast, low-cost NFTs have the potential to bridge legal rights and digital authentication in ways never before possible. I'm delighted the All-Art Protocol is choosing to build on Solana, and look forward to their launch." VR-All-Art invites other platforms to use the All-Art Protocol and join its efforts to regulate the NFT art market and provide more liquid assets for stakeholders.

Don't miss any news about the All-Art Protocol and hot NFT topics on Twitter @allartprotocol.

About VR-All-Art

VR-All-Art is an established platform in the art and XR space. It is a platform and a marketplace for artists, galleries, museums and the general public to exhibit, explore and acquire art in virtual exhibitions. A virtual space, a metaverse of galleries and exhibition spaces with no physical boundaries, it is revolutionizing art exhibitions and art spaces by giving new power to artists as they are no longer constrained to the limitations of real world space and time.

To learn more, please visit https://vrallart.com/. To learn more about the All-Art Protocol, please visit https://allart.io/.

About Solana

Solana is a high-performance Proof of Stake (PoS) blockchain focused on delivering scalability without sacrificing decentralization or security.

Until now, blockchains have been single-threaded computers, guaranteeing no two transactions conflict if executed in parallel. Solana unlocks concurrent GPU-parallelization for the first time, using Proof of History (PoH), a clock before consensus, delivering high speed, low latency, and inexpensive transactions, all at layer 1 without sharding.

Developed by a team of former Qualcomm, Apple, Intel, and Dropbox engineers, Solana is stewarded by The Solana Foundation and is advanced by a loyal community of decentralized developers around the world. To learn more, please visit https://solana.com/.

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Related link: https://vrallart.com/

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