Warner Music Joins $11 Million Investment In Ethereum Replacement, Flow
I am of the opinion that Cryptocurrencies are the pre-cursors to a one-world currency, as was predicted in the 2018 issue of the Economist:
So it is no wonder that the Music Industry is investing in this tech to spearhead the movement of a cashless society. Warner Music is the third largest player in the industry, next to the other ‘Big Three’: Universal Music Group and Sony Music Entertainment. While I would recommend investing in all three of these companies, only the latter is publicly traded on the New York Stock Exchange: SNE. Also, if you haven’t, I would suggest you take a look at the Cryptocurrencies on Robinhood.
As with any investing, I would urge you to do your own research, ignore TV ‘analysts’, and watch for Macroeconomic indicators.
via – Forbes
“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.”
“But for Dapper Labs, based in Vancouver, Canada, the potential benefits of using a blockchain are much bigger than music. The company started in February 2018 as a way to demonstrate how non-fungible tokens can enable a new world of blockchain applications. While bitcoin rose to popularity by enabling exchanges of fungible tokens, meaning each unit is identical, non-fungible tokens can be coded to represent a wide range of assets.” – Michael del Castillo Forbes Staff
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