Warner Music to Build Token on New Blockchain by CryptoKitties Creator

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By Helen Partz

Global media giant Warner Music Group will be creating digital assets using new public blockchain backed by CryptoKitties creator.

Warner Music’s to create assets on Flow

According to a Forbes report on Sept. 12, Warner Music has joined an $11.2 million investment in CryptoKitties creator Dapper Labs in order to collaborate on the deployment of the company’s new blockchain network called Flow as well as building tokens on top of it.

While Warner has reportedly invested less than $1 million in the form of a convertible security, other contributors included major industry investors such as Andreessen Horowitz, Digital Currency Group, Union Square Ventures and Venrock, the report notes.

Continue Reading at Cointelegraph.com

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While in the UK most betting establishments will allow you to wager on esoteric events such as political elections, Brexit, and even whether the U.S. and North Korea would engage in a nuclear war, the one area that has remained fairly taboo has been predictions on what day or year someone would die or perhaps even be assassinated.

But now that we have the Blockchain, and an unregulated/decentralized platform where programmers can create virtually anything that is outside the control or regulation of sovereign entities, one wagering entity has chosen to cross that 'red line' and is allowing individuals to bet upon whether Wall Street mogul Warren Buffet will die before the end of the decade, or if President Trump will be assassinated before the end of the year.

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Ethereum founder Vitalik Buterin has stated that he is “not expecting to see any kind of large-scale, live central bank digital currency actually launched for another few years.” He added that “if it is, then I guarantee you that it will basically be a server with a bunch of marketing buzzwords to make it look like a blockchain.” He made the remark while participating in an October 17 panel discussion at Swell, a conference convened by blockchain firm Ripple in Toronto.

He believes that, at the moment, “there is nothing close to a central bank-issued digital currency that’s being launched because people don’t even fully understand what the economic model” associated with such an asset would look like. The fact that many central banks have been running various types of pilot programs on the Ethereum blockchain “doesn’t mean too much in practice,” he explained, because “these are ultimately all test projects.” Among the other blockchain use cases that governments are studying, he said, are revenue-tracking measures to combat corruption and a settlement coin that would operate “inside of a financial derivatives system.”

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