Warner Music Group , an international media giant, has created digital resources with blockchain technology supported by Dapper Labs , the company behind the game CryptoKitties. Dapper Labs would have received $ 11 million in funding to launch Blockchain Flow.
Blockchain and cryptocurrency in the world of entertainment
With an investment of $ 1 million in convertible securities, Warner wants to make a difference by launching large-scale decentralized applications. Other groups have also contributed to the development of the sector to name only Andreessen Horowitz, Digital Currency Group, Union Square Ventures or Venrock.
Entertainment companies will be able to create their own virtual currencies that will allow fans to exchange authenticated digital memories. Flow will improve game identification systems and allow for purchase on sports platforms.
Considerable efforts in the music industry
Roham Gharegozlou, the CEO of Dapper Labs explained:
"After almost two years of research, we are excited to share Flow with the world. Flow is a blockchain built from scratch to support high performance game and application ecosystems without compromising decentralization. Bitcoin and Ethereum show how cryptocurrencies can make the world of finance more open and transparent. Flow will do the same for consumers of entertainment and culture.Flow should handle huge volumes of transactions compared to Ethereum. The followers will be able to dialogue and share their passions thanks to a powerful and secure platform.
What do you think of the new blockchain supported by the creator of CryptoKitties? Tell us in the comments below.
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