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🚀 Alibaba joins the NFT battle! ⚔️
| Another day, another dollar, Geckos! TikTok has partnered with Audius (AUDIO), a music streaming app built on the Ethereum (ETH) and Solana (SOL) blockchains, on the video-sharing app's new "TikTok Sounds" section. The partnership seeks to streamline TikTok's existing music upload and selection process by allowing Audius users to submit tracks and share them on TikTok in a single click. "We're proud to be one of the earliest launch partners for TikTok Sounds and to give the artists on Audius a chance to increase their exposure even more," Audius co-founder Browning said in a press statement. In today's news, Alibaba launched a copyright NFT marketplace, Kakao established two entities in Singapore, and Balancer partners with Lido (LDO) to launch an incentive program. Read on! | | |
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The 24-hour auction will begin at 8AM EST on 19th August. | | Alibaba's Magic NFT Alibaba Group Holding, a Chinese e-commerce giant, has established a new NFT marketplace where trademark owners may sell tokenized rights to their intellectual property. The new NFT section, dubbed "Blockchain Digital Copyright and Asset-Trade," is backed by Chinese-developed "New Copyright Blockchain," and it is accessible via Alibaba's auction platform. The marketplace is currently operational, with many NFTs scheduled for auction next month. Cointelegraph | | Kakao Furthers Klaytn's Expansion The Korea Herald reports on Monday that Kakao, a South Korean Internet conglomerate, has formed two new blockchain-based companies in Singapore, the Klaytn Foundation and Krust. Kakao Foundation plans to use both entities to "proactively and systematically" foster broad-based penetration of its Klaytn Network (KLAY) in Singapore. The expansion is funded by Kakao's $300 million blockchain development fund, which includes a service maintenance reserve fund. Cointelegraph | | Balanced, as MetaStable Pools Should Be Balancer (BAL), an automated market maker and DeFi protocol, revealed on Monday that it has teamed up with Lido to launch a MetaStable Pool incentive program. Through the protocol, users could benefit from lower swap pricing and eliminate the need for individual swap-specific stable pools. The first pool listing of staked Ether (stETH) and wrapped staked Ether aims to provide liquidity for stakers on the Ethereum network, and it will be sponsored by both LDO and BAL rewards starting August 24. Cointelegraph |
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