SOMESING

We are pleased to announce that SOMESING, a blockchain-based ‘Social Sing Platform’, has signed a strategic partnership with Allfeat Labs, a France-based blockchain technology company. Allfeat Labs develops and operates Allfeat, the next-generation layer 1 blockchain designed specifically for the music industry.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/af902a81ba294b9dba309e023590dc0c.jpg" />Allfeat offers a blockchain module tailored to the needs of the music industry, supporting the decentralized storage and management of music-related data through Music Industry Decentralized Data Structures (MIDDS). This technology ensures traceability and ownership, providing a secure and transparent method for managing music assets.Allfeat aims to create a vast Music Applications Ecosystem that interconnects global music-related decentralized applications (dApps), including those for ticket issuance, music streaming, AI, merchandising, and music libraries. This ecosystem leverages the infrastructure and business networks of each dApp to foster mutual growth and development.Allfeat token has been approved by the Swiss Financial Market Supervisory Authority (FINMA) as a utility token and is preparing for a global launch in October this year, and about 20 music-related projects around the world, including Europe, North America, Africa, and South America, are currently participating in Allfeat&#39;s ecosystem.Recognized for its innovative blockchain technology, Allfeat Labs was selected as a final participant in the 2024 &#39;ICC Immersion Korea&#39; program, supported by the French government, and visited Korea in July 2024.Through this partnership, the SOMESING team will closely collaborate with Allfeat Labs to promote the SOMESING service in France and other European regions, aiming to attract a broader global user base. In particular, the SOMESING team will explore ways to cooperate with the global music-related dApps within Allfeat&#39;s Music Applications Ecosystem.SOMESING team looks forward to the mutual benefits and growth this partnership will bring to both parties.

Partnership announcement between SOMESING & Allfeat Labs

SOMESING(SSG)

Other articles published on Jul 23, 2024

Dogs vs. cats rivalry take memecoins to $54 billion market cap

Sui Builders Now to Run on AWS Blockchain Node Runners

Paraguay Crypto Miners Urge State Electricity Board To Reconsider Upcoming Price Hike

Mt Gox Bitcoin Repayments Begin: 13,000 Creditors Rejoice!

Market Reactions To ETH Spot ETF Launch Appear Muted

Swiss Banks Step In To Offer Innovative Solutions For Crypto Payments

Join our free newsletter for daily crypto updates!