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NEM [XEM] Blockchain into music industry, collaborations unroll!

Simran Alphonso

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NEM [XEM] Blockchain into music industry, collaborations unroll!
Source: Pixabay

NEM [XEM] has lately been settling up meetups and launching newsgroups in different countries as the coin has been working on its promotional activities. Over the past few days, NEM has been involved in a few tie-ups of exchange platforms and new collaborations.

Today, NEM tweeted:

Cre8tor.app, powered by @TuneBlockchain, partners with @MyCopyrightBank to register songs on the NEM Blockchain. Another project, another collaboration! This time, in the music industry! #NEM $XEM #TuneToken #CopyrightBank”

Recently, NEM announced the tie-up with CopyRightBank. The NEM blockchain technology empowers CopyrightBank as it accelerates trust in the information that it stores. This is because blockchain is a decentralized, distributed ledger that is immutable.

The code running the NEM’s blockchain uses powerful cryptographic algorithms that secures and ensures the integrity of the information. As a result, the digital-fingerprinting, time-stamping, and recording by CopyrightBank can be relied upon.

Australia and Cayman Islands—The TechCrunch Disrupt Cup grant winning group behind the music joint effort application Cre8tor.app, earlier known as RecordGram, have announced that they will use the CopyrightBank stage to enroll their produced beats and tunes on the ‘NEM blockchain’.

Cre8tor.app is a mobile recording studio, producer marketplace, and social network that allows users to create original songs cost effectively which they can share across social platforms instantly turning.



CopyrightBank intends to transform copyright works into blockchain-controlled unique resources, fueled by the NEM blockchain. It is one of the initial organizations to effectively get financing from the NEM Community Fund by NEM.io Foundation. This startup was established in Melbourne, Australia, with the improvement bolster from framework integrator ASTA Solutions and NEM.io Foundation.

Erik Mendelson CEO of Cre8tor.app and Tune Token said:

“We are excited to work with CopyrightBank because they already have a working product that allows users of our platform to register their songs on the NEM blockchain.”





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Altcoins

Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern

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Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out out of 'saucer bottom' pattern
Source: Unsplash

Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern.

BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick.

Source: TradingView

Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read:

The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future.

In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted:



“$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.”

A Twitter user, @carlitosblvd123, commented:

“So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?”

@jigneshon, another Twitter user commented:

“Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. 🔥”





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