Singapore, Asia, August 9, 2024, Chainwire
Elacity is partnering with Particle Network and BeatFarm to create a more intuitive and accessible way for music superfans to interact with their favorite artists using decentralized technology. This partnership aims to simplify access and content sharing in the music industry.
By integrating Particle Network’s Wallet Abstraction stack with the Elacity platform, users will enjoy a elementary onboarding experience. Additionally, as Particle Network has chosen to enable chain abstraction across the industry through its Universal Accounts, this integration will ultimately enable users to enjoy a borderless Web3 experience.
Elacity’s implementation of Elastos AstuteWeb ensures that key aspects such as tokenization, data ownership, and fair sharing are central to the user experience. BeatFarm will leverage this development to offer superfans exclusive content and modern monetization opportunities within a streamlined framework.
Sasha Mitchell, CEO, Elacity commented: “We are bringing inclusive markets and new business models to Web3, such as buy now, subscription, and royalty opportunities worldwide. Despite these innovations, we need to simplify the user experience by hiding the complexity of the blockchain for ease of use. After extensive research on dDRMv2, we identified Particle Network as the best option. We are very pleased to be working with them to enable Web2 login, gasless minting, asset availability on any blockchain, and a payment system with blockchain performance and governance under the hood for our platform.”
Pengyu Wang, CEO, Particle Network commented: “This partnership marks a significant step forward in Web3 adoption. As users move from early adopters to mainstream adopters, it is crucial to bring blockchain abstraction to everyone. Starting with our smart wallet, user onboarding and accessibility to the Elacity platform are greatly improved and simplified. As we continue to roll out our blockchain abstraction infrastructure (Universal Accounts), we aim to eliminate all UX complexities, enabling users to seamlessly access decentralized applications on any chain. As such, we are excited to partner with Elacity to bring blockchain abstraction to the industry.”
Building on this foundation, BeatFarm aims to leverage Web3 technology to build trust and connection between superfans and artists. By creating a social platform with luxurious content and interactive features, BeatFarm aims to revitalize artists’ careers and escalate fan engagement. This model challenges the time-honored Web2 system, which often benefits only a few dominant artists, and aims to more fairly distribute rewards across the industry, discovering and nurturing modern talent in partnership with their fan base.
To tie it all together, the role of the Particle Network is crucial in making the Web3 experience more accessible and intuitive through chain abstraction. This simplicity in user experience is expected to change the way content is shared and monetized in the music industry.
About Elacity
Elacity is transforming digital asset management with “Digital Capsules”—encrypted digital assets on decentralized networks. These capsules offer secure playback, trading, distribution, and licensing rights via blockchain technology, enabling creators to monetize assets worldwide. This secure, lucid, and fair model disrupts time-honored Digital Rights Management systems.
For more information, please visit: https://docs.ela.city/
About BeatFarm
BeatFarm is a Web3 music distribution platform that allows artists to create and host their music on multiple blockchains simultaneously, as well as connect directly with their superfans. BeatFarm aims to democratize music distribution by using blockchain technology to give artists unprecedented control over their work and direct access to their fans.
For more information, visit: https://beatfarm.io/
About the Particle Network
Particle Network addresses user fragmentation and Web3 liquidity with Universal Accounts. The Particle chain abstraction is powered by the Cosmos SDK L1 blockchain, enabling a single account, balance, and address that can be used across all chains, allowing users to interact with any decentralized application and pay for gas with any token.
For more information, please visit: https://particle.network/
ContactPR LeaderRoger DarashahElastosroger.darashah@elastoselavation.org
