#HollywoodonCrypto From CryptoKitties To Cardi B: Warner Music Joins $11 Million Investment In Ethereum Replacement !!!
Now that Warner Music Group has mastered streaming, generating $2 billion in revenue from the technology, the music giant behind Cardi B, Ed Sheeran and Bruno Mars has set its sights on blockchain, joining an $11.2 million investment in Dapper Labs, best known for making the viral blockchain game, CryptoKitties.
In December 2017, CryptoKitties, which lets users combine (breed, as they call it) unique digital representations of kittens and trade them, almost broke ethereum when it single-handedly caused transactions on the public ethereum blockchain to explode overnight. If the transaction volume issues can be solved, according to Warner Music senior vice president of business development Jeff Bronikowski, the CryptoKitties technology, which is similar to bitcoin but for other digital assets, could be adapted to create unique, tradable merchandise featuring the company’s roster of superstar talent.
So as part of the investment from Andreessen Horowitz, Digital Currency Group, Union Square Ventures, Venrock and others, Bronikowski says Warner Music’s blockchain team will work with Dapper Labs to create digital assets using a new public blockchain revealed today, called Flow, that is capable of handling transaction volumes many times more than ethereum, even while expanding on a number of the company’s other blockchain projects.
For more details about the project read the Full article from FORBES https://www.forbes.com/sites/michaeldelcastillo/2019/09/12/exclusive-from-cryptokitties-to-cardi-b-warner-music-joins-11-million-investment-in-ethereum-replacement/#56c62382b21f
Hope this will be helpful ,
Support my crypto community on instagram :
CryptoGlobe360: https://instagram.com/cryptoglobe360?igshid=642g6h8dq9e4
Life with blockchain : https://instagram.com/lifewithblockchain?igshid=tr9fa0c19dg3
Thanks for reading :)
Source
Copying/Pasting full or partial texts without adding anything original is frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.
More information and tips on sharing content.
If you believe this comment is in error, please contact us in #disputes on Discord
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.forbes.com/sites/michaeldelcastillo/2019/09/12/exclusive-from-cryptokitties-to-cardi-b-warner-music-joins-11-million-investment-in-ethereum-replacement/