The SEC has issued a no-action letter to Pocketful of Quarters (PoQ), a gaming startup looking to issue tokens on ethereum. PoQ may legally sell its Quarters tokens to consumers without registering them as securities, the SEC Division of Corporation Finance wrote.
Source: In First, SEC Clears Blockchain Gaming Startup to Sell Ethereum Tokens – CoinDesk
Within Beggars Group’s latest annual accounts, filed this week on UK Companies House, the firm explains: “During the year we received the proceeds of the sale of our shares in Spotify. We believe that our artists should share equally in that windfall.”
Source: Beggars Group paid artists 44% of its Spotify share money; indie’s own revenues hit $100m in 2018
Many early blockchain games are likely to suffer from restricted gameplay for the conventional computer systems. However, with the elevated understanding of digital ledger technology, the developers are gaining a better grip on the performances of the games. Furthermore, large game creators have already started to utilize the possibilities of blockchain games.
Source: Library E-Book Lending Poses Rising Problem for Publishing Industry
Can streaming culture and the music industry coexist in a world where algorithms are used to track down unlicensed tunes, strip audio from videos, and dole out bans to streamers? Gavin Johnson, head of gaming at Monstercat, believes there can be a middle ground.
Source: Record labels have a new target: streamers and gamers
Despite its relative infancy, several foundational solutions and use cases are starting to showcase blockchain’s immediate potential and pique the interest of media organizations. One such example is blockchain’s role in verifying the provenance and pedigree of assets to enable collaboration across the industry.
Source: Blockchain in Media and Entertainment: The Future Calls