Elacity Collaborates with Particle Network and Beatfarm to Simplify Web3 for Music Superfans

Singapore, Asia, August 9th, 2024 – Elacity has announced a collaboration with Particle Network and BeatFarm to create a more user-friendly and accessible platform for music enthusiasts to connect with their favorite artists using decentralized technology. This partnership aims to enhance the accessibility and exchange of content in the music industry.

By integrating Particle Network’s Wallet Abstraction stack with Elacity’s platform, users can expect a streamlined onboarding process. Additionally, Particle Network’s objective to enable chain abstraction will provide users with an expansive Web3 experience that transcends traditional barriers.

Elacity’s adoption of the Elastos SmartWeb prioritizes key elements like tokenization, data ownership, and fair sharing in its user experience. BeatFarm intends to utilize this advancement to offer fans exclusive content and innovative monetization opportunities in a simplified environment.

Sasha Mitchell, CEO of Elacity, stated, "We are introducing inclusive markets and novel business models to Web3, such as buy-now, subscription, and royalty structures on a global scale. To achieve this, we must simplify the user experience by masking the complexities of blockchain technology. After extensive research for dDRMv2, we found Particle Network to be the most suitable choice. We are thrilled to collaborate with them to facilitate Web2 login, gasless minting, and asset availability across various blockchains, all while incorporating a payment system that operates efficiently on blockchain technology."

Pengyu Wang, CEO of Particle Network, remarked, “This partnership signifies a pivotal advancement for Web3 adoption. As we shift from early adopters to a more mainstream audience, bringing Chain Abstraction closer to everyone is essential. With our Smart Wallet, users will find onboarding and accessibility to Elacity’s platform notably improved and simplified. Our goal is to eliminate user experience complexities, allowing seamless access to decentralized applications across multiple chains.”

Building on this framework, BeatFarm seeks to harness Web3 technology to foster trust and engagement between superfans and artists. By creating an interactive social platform filled with rich content, BeatFarm aims to invigorate artist careers while enhancing fan participation. This innovative model aims to break away from the traditional Web2 paradigm, which often disproportionately benefits a handful of dominant artists, by promoting more equitable reward distribution across the industry and discovering new talent in collaboration with their fan base.

Particle Network plays a pivotal role in simplifying the Web3 experience through chain abstraction, making it more accessible and intuitive. This focus on user experience is poised to revolutionize content exchange and monetization within the music industry.

About Elacity
Elacity is revolutionizing digital asset management through "Digital Capsules"—encrypted digital assets operating on decentralized networks. These capsules facilitate secure playback, tradable access, distribution, and royalty rights via blockchain technology, enabling creators to monetize their assets globally. This transparent and equitable model disrupts traditional Digital Rights Management systems.

About BeatFarm
BeatFarm is a Web3 music distribution platform that enables artists to simultaneously mint and inscribe their music across multiple blockchains while establishing direct connections with their superfans. The platform seeks to democratize music distribution, giving artists unprecedented control over their work and direct access to their audience.

About Particle Network
Particle Network is tackling the fragmentation of users and liquidity in Web3 with its Universal Accounts. Its chain abstraction solution is built on a Cosmos SDK L1 blockchain, allowing a unified account, balance, and address to be used across all chains, enabling users to engage with any decentralized application and pay transaction fees using any token.

Contact
PR Lead
Roger Darashah
Elacity
[email protected]

This article was originally published by Chainwire.