Singapore, Asia, August 9th, 2024, Chainwire
Elacity, in collaboration with Particle Network and BeatFarm, is pioneering a new era for music enthusiasts by harnessing decentralized technology. This partnership aims to streamline the access and exchange of content within the music industry, offering a more intuitive and inclusive experience for users.
By integrating Particle Network’s Wallet Abstraction stack with Elacity’s platform, users can expect a seamless onboarding process. With Particle Network's Universal Accounts enabling chain abstraction, users will eventually enjoy a borderless Web3 experience.
Elacity’s implementation of the Elastos SmartWeb ensures that crucial elements such as tokenization, data ownership, and fair sharing are prioritized in the user experience. BeatFarm will leverage this advancement to provide superfans with exclusive content and innovative monetization opportunities within a user-friendly framework.
Sasha Mitchell, CEO,Elacity, stated: "Our goal is to introduce inclusive markets and new business models to Web3, such as buy-now, subscription, and royalty opportunities on a global scale. To achieve this, we must simplify the user experience by concealing blockchain complexities. After thorough research, we found Particle Network to be the ideal partner for dDRMv2. We are excited to collaborate with them to enable Web2 login, gasless minting, asset availability across multiple blockchains, and an efficient payment system with blockchain governance for our platform."
Pengyu Wang, CEO,Particle Network, commented: “This partnership signifies a significant advancement in Web3 adoption. As users move from early adopters to mainstream adopters, it is essential to bring Chain Abstraction closer to everyone. By starting with our Smart Wallet, we are enhancing user onboarding and accessibility to Elacity’s platform. Our goal is to eliminate all UX complexities as we deploy chain abstraction infrastructure (Universal Accounts), enabling users to seamlessly access decentralized applications on any chain. We are thrilled to collaborate with Elacity to implement chain abstraction industry-wide.”
Building on this groundwork, BeatFarm aims to leverage Web3 technology to establish trust and connection between superfans and artists. By creating a social platform with interactive features, BeatFarm seeks to boost artist careers and enhance fan engagement. This model challenges the traditional Web2 system and aims to distribute rewards more equitably across the industry, fostering new talent in collaboration with their fan base.
Particle Network plays a pivotal role in making the Web3 experience more accessible and intuitive through chain abstraction. This simplicity in user experience is expected to revolutionize content exchange and monetization in the music industry.
About Elacity
Elacity revolutionizes digital asset management with "Digital Capsules"—encrypted digital assets on decentralized networks. These capsules offer secure playback, tradable access, distribution, and royalty rights via blockchain technology, empowering creators to monetize assets globally. This secure, transparent, and fair model disrupts traditional Digital Rights Management systems.
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About BeatFarm
BeatFarm is a Web3 music distribution platform that enables artists to mint and inscribe their music on multiple blockchains simultaneously, while connecting directly with superfans. BeatFarm aims to democratize music distribution by leveraging blockchain technology to provide artists with unprecedented control over their work and direct access to their fans.
For more information, please visit:
About Particle Network
Particle Network addresses Web3's fragmentation of users and liquidity through Universal Accounts. Powered by a Cosmos SDK L1 blockchain, Particle's chain abstraction enables a seamless experience across all chains, allowing users to interact with any dApp and pay gas with any token.
For more information, please visit:
ContactPR LeadRoger DarashahElastosroger.darashah@elastoselavation.org