Singapore, Asia, August 9, 2024, Chainwire
Elacity has partnered with Particle Network and BeatFarm to create a more intuitive and accessible way for music fans to interact with their favorite artists using decentralized technology. This collaboration aims to simplify access and sharing of content within the music industry.
By integrating Particle Network’s Wallet Abstraction stack with the Elacity platform, users will enjoy a seamless onboarding experience. Additionally, as Particle Network has set out to enable industry-wide chain abstraction through its universal accounts, this integration will enable its users to have a borderless Web3 experience.
Elacity’s implementation of Elastos SmartWeb ensures that key aspects such as tokenization, data ownership and fair distribution are central to the user experience. BeatFarm will leverage this development to offer superfans exclusive content and new monetization opportunities within a streamlined framework.
Sasha Mitchell, Executive Director, Elacity commented: “We are bringing inclusive marketplaces and new business models to Web3, such as instant purchase opportunities, subscription, and royalties globally. Despite these innovations, we need to simplify the user experience by hiding the complexity of the blockchain for ease of use. After extensive research for dDRMv2, we identified Particle Network as the best fit. We are excited to work with them to enable Web2 login, gasless minting, asset availability on any blockchain, and a payment system with blockchain efficiency and governance under the hood for our platform.”
Pengyu Wang, CEO, Particle Network commented: “This partnership marks a significant step forward for Web3 adoption. As users move from early adopters to mainstream adopters, it is critical to bring on-chain abstraction to everyone. Starting with our smart wallet, user onboarding and accessibility to the Elacity platform is significantly improved and simplified. As we roll out more on-chain abstraction infrastructure (universal accounts), we aim to remove all complexities from the user experience, allowing users to seamlessly access decentralized applications on any chain. With this, we are happy to work with Elacity to roll out on-chain abstraction across the industry.”
Building on this foundation, BeatFarm aims to leverage Web3 technology to build trust and connection between superfans and artists. By creating a social platform with rich content and interactive features, BeatFarm seeks to energize artists’ careers and enhance fan engagement. This model challenges the traditional Web2 system, which often benefits only a few dominant artists, and aims to distribute rewards more equitably across the industry, discovering and nurturing new talent in collaboration with their fan base.
To tie all this together, Particle Network’s role is crucial in making the Web3 experience more accessible and intuitive through chain abstraction. This simplicity in user experience is expected to transform the way content is exchanged and monetized in the music industry.
About Elacity
Elacity transforms digital asset management with “digital capsules” – digital assets encrypted on decentralized networks. These capsules offer secure reproduction and tradable access, distribution, and royalty rights through blockchain technology, allowing creators to monetize assets globally. This secure, transparent, and fair model revolutionizes traditional digital rights management systems.
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About BeatFarm
BeatFarm is a Web3 music distribution platform that allows artists to create and register their music on multiple blockchains simultaneously, while connecting 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.
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About Particle Network
Particle Network is addressing Web3’s user and liquidity fragmentation through Universal Accounts. Particle’s on-chain abstraction is powered by an L1 Cosmos SDK blockchain that enables a single account, balance, and address experience that can be used across all chains, allowing users to interact with any dApp and pay gas with any token.
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ContactPublic Relations LeaderRoger DarashahElastos[email protected]
This article was originally published on Chainwire
