Wu Yongming: In the future, there may be more intelligent entities and robots than the global population

The post Music body ICMP laments “wilful” theft of artists’ work appeared on BitcoinEthereumNews.com. A major music industry group, ICMP, has lamented the use of artists’ work by AI companies, calling them guilty of “wilful” copyright infringement, as the battle between the tech firms and the arts industry continues. The Brussels-based group known as the International Confederation of Music Publishers (ICMP) comprises major record labels and other music industry professionals. Their voice adds to many others within the arts industry that have expressed displeasure at AI firms for using their creative work to train their systems without permission. ICMP accuses AI firms of deliberate copyright infringement ICMP director general John Phelan told AFP that big tech firms and AI-specific companies were involved in what he termed “the largest copyright infringement exercise that has been seen.” He cited the likes of OpenAI, Suno, Udio, and Mistral as some of the culprits. The ICMP carried out an investigation for nearly two years to ascertain how generative AI firms were using material by creatives to enrich themselves. The Brussels-based group is one of a number of industry bodies that span across news media and publishing to target the fast-growing AI sector over its use of content without paying any royalties. Suno and Udio, who are AI music generators, can produce tracks with voices, melodies, and musical styles that echo those of the original artists such as the Beatles, Depeche Mode, Mariah Carey, and the Beach boys. “What is legal or illegal is how the technologies are used. That means the corporate decisions made by the chief executives of companies matter immensely and should comply with the law,” Phelan told AFP. “What we see is they are engaged in wilful, commercial-scale copyright infringement.” Phelan. In June last year, a US trade group, the Recording Industry Association of America, filed a lawsuit against Suno and Udio. However, an exception…

BitcoinWorld Tokenized Stocks: Swarm’s Revolutionary Launch on Plasma Mainnet The world of decentralized finance (DeFi) is constantly evolving, bringing forth innovative ways to interact with traditional assets. A truly exciting development is underway as Swarm, a prominent DeFi platform, prepares to launch tokenized stocks on the Plasma mainnet. This groundbreaking move is set to revolutionize how investors access shares of major companies like Apple, Tesla, and Microsoft, all powered by stablecoins. What Are Tokenized Stocks and Why Are They a Game Changer? Imagine owning a piece of your favorite company, not through a traditional brokerage, but as a digital token on a blockchain. That’s precisely what tokenized stocks are. They are blockchain-based tokens that represent traditional equity shares, offering a bridge between the regulated world of traditional finance and the innovative realm of decentralized digital assets. Fractional Ownership: Investors can buy fractions of high-value shares. Increased Accessibility: Lower entry barriers for global investors. 24/7 Trading: Unlike traditional markets, blockchain operates continuously. This innovation promises to democratize investment opportunities, making it easier for individuals worldwide to participate in markets previously restricted by geographical or financial constraints. Swarm’s Vision: Democratizing Access to Tokenized Stocks Swarm is taking a significant step by introducing nine prominent tokenized stocks. This initial offering includes shares from industry giants such as Apple, Microsoft, Tesla, Coinbase, and Nvidia. The platform leverages the Plasma mainnet, a robust and scalable infrastructure, to facilitate these trades. Users will be able to acquire and trade these digital shares directly using stablecoins, which are cryptocurrencies pegged to the value of fiat currencies like the US dollar. This integration provides stability and ease of transaction, avoiding the volatility often associated with other cryptocurrencies. By using stablecoins, Swarm aims to provide a more predictable trading environment for those new to the crypto space, making the transition into digital asset ownership smoother and more appealing. The Plasma mainnet ensures efficient and secure processing of these transactions. Navigating the Trading Landscape: How to Engage with Swarm’s Tokenized Stocks Engaging with Swarm’s new offering is designed to be user-friendly, yet it’s essential to understand the underlying mechanics. The Plasma mainnet provides the secure and scalable foundation for these digital assets. This means that once you acquire tokenized stocks, your ownership is recorded on a transparent and immutable blockchain ledger. Users will interact with Swarm’s platform to manage their portfolio, place trades, and settle transactions. The entire process aims for efficiency and transparency, characteristic of well-designed DeFi applications. Understanding the platform’s interface and the basics of stablecoin transactions will be key for a seamless experience. Exploring the Potential and Pitfalls of This New Frontier for Tokenized Stocks The launch of tokenized stocks by Swarm brings immense potential, but also introduces new considerations for investors. Potential Benefits: Global Reach: Break down geographical barriers to investment. Lower Fees: Potentially reduced transaction costs compared to traditional brokers. Increased Liquidity: The 24/7 nature of crypto markets can lead to more consistent trading opportunities. Potential Pitfalls: Regulatory Clarity: The regulatory landscape for tokenized stocks is still evolving, which can introduce uncertainty. Platform Risk: Reliance on the security and stability of the Swarm platform and Plasma mainnet. Education Gap: New users may need to learn about blockchain technology and DeFi concepts. Investors should conduct thorough research and understand these factors before participating. While the benefits are compelling, a cautious approach is always recommended in emerging markets. The Future Unlocked: How Tokenized Stocks Could Reshape Investing Swarm’s initiative with tokenized stocks represents more than just a new product; it’s a glimpse into the future of finance. By merging traditional equity markets with blockchain technology, Swarm is paving the way for a more inclusive, efficient, and transparent investment ecosystem. This could inspire other platforms to follow suit, leading to a broader adoption of digital assets for real-world value. For individuals, this means unprecedented access to investment opportunities. For the financial industry, it signals a shift towards decentralized models that prioritize user empowerment and innovation. As the DeFi space continues to mature, we can expect to see even more sophisticated financial instruments becoming accessible through blockchain technology. In conclusion, Swarm’s launch of tokenized stocks on the Plasma mainnet is a significant milestone for the DeFi sector. By offering fractional, stablecoin-based trading of major company shares, Swarm is not only expanding investment accessibility but also pushing the boundaries of what’s possible in decentralized finance. This development holds immense promise for investors seeking new avenues and for the ongoing evolution of global financial markets. Frequently Asked Questions (FAQs) Q1: What exactly are tokenized stocks? A1: Tokenized stocks are digital tokens on a blockchain that represent traditional equity shares of publicly traded companies. They allow for fractional ownership and can be traded on decentralized platforms. Q2: Which companies’ shares will be available through Swarm? A2: Swarm is initially launching nine tokenized stocks, including shares from Apple, Microsoft, Tesla, Coinbase, and Nvidia, among others. Q3: How do I trade these tokenized stocks on Swarm? A3: Users will be able to trade these digital shares on the Swarm platform, which operates on the Plasma mainnet, using stablecoins for transactions. Q4: What are the main benefits of investing in tokenized stocks? A4: Key benefits include fractional ownership, global accessibility, 24/7 trading availability, and potentially lower transaction fees compared to traditional markets. Q5: Are there any risks associated with tokenized stocks? A5: Yes, like any investment, there are risks. These include regulatory uncertainties, platform-specific risks, and the need for investors to understand blockchain and DeFi concepts. If you found this article insightful, please consider sharing it with your network! Help us spread the word about the exciting advancements in decentralized finance and the future of investing. To learn more about the latest crypto market trends, explore our article on key developments shaping digital assets price action. This post Tokenized Stocks: Swarm’s Revolutionary Launch on Plasma Mainnet first appeared on BitcoinWorld.

Renowned trading veteran Peter Brandt has issued fresh investment advice for Generation Z, highlighting Bitcoin as an essential component of a disciplined portfolio strategy. Known for his decades of experience in financial markets and accurate predictions, Brandt is urging young investors to take a structured approach toward wealth building. Bitcoin: The Asset That Matters Brandt […]