Singapore, Asia, August 9, 2024, Chainwire
Elacity is working with Particle Network and BeatFarm to create a more intuitive and accessible way for music superfans to interact with their favorite artists using decentralized technology. The collaboration aims to streamline access to and exchange of content within the music industry.
Integrating Particle Network’s Wallet Abstraction stack with the Elacity platform will allow users to enjoy a simple onboarding experience. Additionally, as Particle Network is committed to enabling chain abstraction across the industry through Universal Accounts, this integration will ultimately allow users to have a borderless Web3 experience.
Elacity’s implementation of Elastos SmartWeb ensures that key aspects such as tokenization, data ownership, and fair sharing are at the core of the user experience. BeatFarm leverages this development to provide superfans with exclusive content and new monetization opportunities within a streamlined framework.
Sasha Mitchell, CEO, Elacity stated, “We are introducing comprehensive marketplaces and new business models such as buy-now, subscription and loyalty opportunities to Web3. Despite these innovations, we need to simplify the user experience by hiding blockchain complexity for ease of use. After extensive research into dDRMv2, we identified Particle Network as the best option. We are excited to work with them to enable Web2 login, gasless mining, asset availability on any blockchain, and a payment system with the blockchain efficiency and governance of our platform.”
CEO Wang Fengyu, Particle Network stated, “This partnership represents a significant step forward for Web3 adoption. As users transition from early adopters to more mainstream adopters, it is important that we bring chain abstractions closer to everyone. Starting with smart wallets, user onboarding and accessibility to the Elacity platform has been significantly improved and streamlined. As we further build out our chain abstraction infrastructure (Universal Accounts), we aim to remove all UX complexities and give users seamless access to decentralized applications on any chain. We are excited to work with Elacity to implement chain abstractions across the industry.”
Building on this foundation, BeatFarm seeks to build trust and connection between superfans and artists by leveraging Web3 technologies. By building a social platform with rich content and interactive features, BeatFarm seeks to energize artist careers and enhance fan engagement. This model challenges the traditional Web2 system that often benefits only a few major artists, and seeks to work with the fan base to discover and nurture new talent by distributing rewards more fairly across the industry.
To tie all of this together, Particle Network’s role is to make the Web3 experience more accessible and intuitive through chain abstraction. This simplicity of user experience is expected to change the way content is exchanged and monetized in the music industry.
Introduction to Elacity
Elacity revolutionizes digital asset management with “digital capsules,” encrypted digital assets on a decentralized network. These capsules provide secure, playable, and tradeable access, distribution, and royalty rights via blockchain technology, allowing creators to monetize their assets globally. This secure, transparent, and fair model disrupts traditional digital rights management systems.
For more information, see https://docs.ela.city/.
About BeatFarm
BeatFarm is a Web3 music distribution platform that allows artists to mint and record their music on multiple blockchains simultaneously, and connect directly with their superfans. BeatFarm aims to democratize music distribution by leveraging blockchain technology to give artists unprecedented control over their work and direct access to their fans.
For more information, visit https://beatfarm.io/.
Introduction to Particle Network
Particle Network is solving the fragmentation of users and liquidity in Web3 with Universal Accounts. Particle’s chain abstraction is powered by the Cosmos SDK L1 blockchain, providing a single account, balance, and address experience that can be used across all chains, allowing users to interact with any dApp and pay gas in any token.
For more information, see https://particle.network/.
Contact
Public Relations Manager
Roger Darasha
Elastos
(email protected)