Encryptus and Azadi Records Dive Into the NFT Universe to Develop Innovative Use Cases
Dubai, UAE, Aug. 13, 2022 (GLOBE NEWSWIRE) — Institutional investments in cryptocurrencies are rapidly increasing despite the current adverse bearish pattern that has dominated the global crypto markets in the last months. The past few weeks have seen fairly consistent trading volumes for Encryptus, a transparent and licensed platform for institutional crypto assets.
It is on this premise that Encryptus announces its strategic partnership with the renowned record labelAzadi Records. The alliance will result in the exploration of the NFT ecosystem and the development of innovative use cases, which will give holders exclusive access to premium content, limited edition merchandise, VIP tour tickets and more.
Several financial firms, including Fidelity, are maintaining a long-term perspective and even deciding to increase their investments in and operations surrounding cryptocurrencies.
These Institutions are using various strategies to invest in cryptocurrencies, from adding them to their balance sheets to expanding their brand activities into the metaverse.
NFT is also one of the sectors that institutional investors are continuing to have a lot of faith in after the 2020 NFT boom, especially with the numerous upcoming NFT-specific applications in the metaverse.
Moreso, Shantnoo Saxsena, Encryptus Founder and CEO states; “During the current bearish market, institutional support behind crypto remains strong, and Encryptus is glad to be playing an important role in institutional crypto adoption. It certainly doesn’t hurt that this institutional interest in the crypto market is also working to excite existing investors who were contemplating hastily pulling out of the market.”
Considering how valuable NFTs have become, it is no surprise that Encryptus partnered with Azadi Records, an independent record label keen on providing South Asian artists with a platform to freely express themselves for this extraordinary quest into the world of non-fungible tokens.
Shantnoo further adds, “Our recent partnership with Azadi Records aims to create a use case for the NFT ecosystem in India in a more compliant manner. Our primary focus is compliance and respect for the law of the land.”
“Nayaab.World NFTs and their utilities will unlock new avenues for artist-fans engagement, building a deeper relationship between them.” Mo Joshi and Uday Kapur, founders of Azadi Records.
Notably, Seedhe Maut is an artist affiliated with Azadi Records who is launching its own NFT with a tour across the country, in association with Encryptus and LBank.
This partnership between Encryptus and Azadi Records makes it one of the first Indian music labels to integrate blockchain technology into their operations and also includes the NFT-centric Nayaab.world.
About Azadi Records
Azadi Records is an independent record label changing the culture in the South Asian Music industry while providing a platform for music that questions, subverts, and engages with socio-political issues of our time. Established in 2017, the label has released records that have cut across languages, themes, and regions with one vision intact: never to be silenced.
Encryptus started out as a crypto advisory company in London back in 2020, and since then got approvals from a couple of countries for buying and selling crypto assets. Encryptus is operated by an experienced team of experts who thoroughly understand the risks, compliances, and opportunities in the crypto space. We have made it our mission to empower licensed financial services companies in crypto adoption!
Follow us on Medium, Twitter and LinkedIn!
Disclaimer : There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not an investment advice. Please do you own research.
Contact Details :
Company Name : Encryptus
Contact name : Abhinav
Email : firstname.lastname@example.org
Location : Dubai, UAE
The 25-bottle series sold out in just two seconds.
Cumulative Trading Volume On sudoAMM Has Crossed $10M
Huobi Founder Leon Li Is Reportedly Looking To Offload His 60% Stake.
The market is unstable. Your portfolio doesn’t need to be.
On Friday, five of China's biggest state firms announced their exit from Wall Street. More delistings could be on the way as Washington and Beijing remained embroiled in a dispute over audit rules for U.S.-listed Chinese companies.
Many semiconductor stocks slumped this year as investors fretted over concerns about slowing sales of PCs and smartphones, the potential overproduction of chips in response to the global chip shortage, and more conservative enterprise spending in a tougher macro environment. As a result, the Philadelphia Semiconductor Sector index has declined about 24% this year as the S&P 500 retreated just 12%.
Rogers knows how to survive — and thrive — in turbulent times.
The super investor sees softness. But is sticking to her guns.
In this article, we will be taking a look at 10 stocks that will skyrocket. To skip our detailed analysis of cheaply-valued stocks that are set to gain in the future, you can go directly to see the 5 Stocks That Will Skyrocket. With the U.S. stock market plunging into bear territory, investors have typically […]
Johnson & Johnson stock is hitting its lowest level since March. Here's where it's a steal of a deal.
Inflation is still near multi-decade highs. Mr. Wonderful is using these stocks to fight back.
Inflation has been making headlines all year, and rightly so; it’s at 40-year high levels, driven by sharp increases in the prices of gasoline and diesel fuels. But oil and its various refined products have come down in recent weeks, and so – the July inflation numbers weren’t as bad as had been feared. The overall year-over-year price increase for the month came to 8.5%, still awful, but less than the 8.7% economists had been predicting. Markets these days are rallying in response. Whether this
Profit warnings from Nvidia and Micron have sent a chill through chip stocks, but the long-term opportunity is still intact.
These innovative growth stocks are ripe for the picking following a 34% peak plunge in the Nasdaq Composite.
The analysts covering Veru Inc. ( NASDAQ:VERU ) delivered a dose of negativity to shareholders today, by making a…
When economic uncertainty is as high as it is today, why not follow the lead of one of the world's greatest investors?
The latest analyst coverage could presage a bad day for Lucid Group, Inc. ( NASDAQ:LCID ), with the analysts making…
Most of the handful of Wall Street analysts covering Berkshire are neutral on the stock, but they may be giving Warren Buffett insufficient credit.
In this article, we will look at 10 stocks at risk from a potential real estate crash in China. If you want to explore similar stocks, you can also take a look at China Real Estate Market Crash: 5 Stocks at Risk. The Evergrande Group Sparks China’s Real Estate Crisis China is the second-largest economy […]
The billionaire massively bought Amazon shares and strengthened his position at Alphabet in the midst of a market rout in the second quarter.