3lau royal 16m founders theblock

Now everyone’s like, ‘When’s it ready?!’ And we’re like, ‘Ahh, we’re still working on it!’” (He also shares that Reddit founder Alexis Ohanian DMed him on Twitter to say, “Congrats on being a genuine pioneer in web3.”)

For “Worst Case,” which is a pandemic-inspired song, 3lau will manually send its future rights-holders their cut as he’s paid on a monthly basis. (Since he uses Stem, these parties will be able to track the earnings in real time.) However, 3lau’s team is currently building an automatic-payment interface designed to live within Royal.

Royal, which is not yet in the business of selling publishing rights, has been in talks with major labels — “one in particular,” according to 3lau, who declines to share more information on the matter.


Each week, we’ll round up the hottest news across the DeFi ecosystem to help you keep up to speed.

Arbitrum One launches highly anticipated L2 platform

Ethereum Layer 2s are scaling solutions that help users, and smart contracts, use the Ethereum network and DeFi apps for little-to-no gas fees and with nearly instant transaction speed. OffChain Labs announced the full fair and public launch of its Arbitrum One mainnet. Developers have been building on Arbitrum since May.

Balancer announces V2 launch on Arbitrum

One of the popular dapps to co-announce alongside Arbitrum One is Balancer ($BAL), an AMM protocol that acts as a DEX to users.
The move is expected to significantly reduce gas costs and scale liquidity. The implementation of Arbitrum makes Balancer Protocol uniquely scalable.

Revisiting Synthetix V2x

In a recent update from the team, Synthetix released a scope of their V2x implementations, and some of the technical initiatives that will be rolling out in the coming months. The update includes significant protocol level updates plus a new debt shares contract mechanism for staking that accepts and instantly distributes any liquidated SNX rewards in the block they were liquidated.

Polygon introduces “Bridges Week” education program

In a bid to generate more adoption of the popular Ethereum scaling solution (Polygon POS chain), the Polygon team announced a “Bridges Week” education program. The week is teased to include informative articles, Twitter Spaces, and interviews to help users get on Polygon and start using popular Ethereum apps with little-to-no gas fees.


So why shouldn’t those participants achieve upside for believing in someone early?”

According to the Forbes report, the team does not determine which blockchain platform will become the basis of the Royal platform yet but stated that it would launch a beta version of the platform in the next six months and aim to promote it within eight months. The project would be completely “community-run”, the team added.

Through the new Royal project, Blau and his team hope to introduce tokenized ownership in the main recording rights of songs and provide collectors with concert tickets and backstage passes through so-called “limited digital assets” (Royal’s version), Special privileges including commodities, non-fungible tokens (NFT).

The non-fungible token (NFT) method has changed the creator’s rules of creation.


The novel business play, the DJ/producer explains in an exclusive conversation with Rolling Stone, is designed to showcase the capabilities of Royal — a still-incomplete blockchain-powered marketplace he hustled to put together following 2021’s big NFT boom.

The 333 winners were selected from users who had already signed up for Royal and have made the most referrals to friends — but in the near future, songs will be put up as for-sale items. 3lau tells Rolling Stone that the first four or five artists will be “extremely large” stars from a variety of genres; after his drop, the others are scheduled to roll out on what could be a monthly basis.

He adds that Royal has pulled in more than 2,000 artist inquiries since its announcement, and over 200 of those have at least 500,000 monthly listeners. “Many have millions,” he says.

So why shouldn’t those participants achieve upside for believing in someone early?”

According to the Forbes report, the team does not determine which blockchain platform will become the basis of the Royal platform yet but stated that it would launch a beta version of the platform in the next six months and aim to promote it within eight months. The project would be completely “community-run”, the team added.

Through the new Royal project, Blau and his team hope to introduce tokenized ownership in the main recording rights of songs and provide collectors with concert tickets and backstage passes through so-called “limited digital assets” (Royal’s version), Special privileges including commodities, non-fungible tokens (NFT).

The non-fungible token (NFT) method has changed the creator’s rules of creation.

In the near future, Royal would bill creators a modest fee, with the goal of eventually making the initiative totally publicly function.

3LAU indicated that the latest service would especially promote contemporary music initiatives by enabling supporters to participate in it, saying:

I often warn customers that the success of singers is entirely based on their followers and consumers, not so much on the businesses and broadcasters. If audiences like the tunes, they start sharing them, individuals participate in concerts, so they are completely responsible for generating a musician’s prominence.

3LAU had also surfaced as among the most vocal virtual currency supporters in the entertainment industry, naming BTC is of the very few hedges in opposition to a long traditional, glamorized financial system.

Their main focus right now is user-friendliness and marketability: 10 years ago, he points out, people would’ve been terrified at the idea of getting in a stranger’s car or staying in a stranger’s house, but apps like Uber and AirBnb made the concepts desirable.

“When you own a piece of music as art, as a fan, you should actually own that music,” he says of the duo’s vision. He explains that fans will earn royalties both on-chain and off-chain on platforms like Spotify, Amazon, and Apple Music, because Royal is not a streaming service — it’s just selling tokenized contracts.

3lau believes that being a partial owner will incentivize fans to stream and advertise music more — and, in theory, that benefits everyone from the artist to the fan, and even the label if the artist is signed.

Understanding how dai ($DAI) stable coin works

How does the dai stablecoin stay pegged to $1? It’s more complicated and fascinating than you think. Read this thread by Maker DAO (the platform responsible for maintaining dai) team member Kurt Barry who details the numerous ways that the Maker DAO platform –– both users and smart contracts –– help keep the dai peg fairly and constantly maintained.

Pop artist 3LAU introduces blockchain music platform Royal with $16M raise

If you’re into NFTs, you probably know that 3LAU is deep in the game, too. He minted BAYC and gave several away the night of. Now, the independent super artist has raised $16M for his upcoming blockchain-based music investment platform that cuts fans into the ownership and distribution.
The round was led by crypto-focused investment firm Paradigm and Peter Thiel’s Founders Fund.

Understanding how dai ($DAI) stable coin works

How does the dai stablecoin stay pegged to $1? It’s more complicated and fascinating than you think. Read this thread by Maker DAO (the platform responsible for maintaining dai) team member Kurt Barry who details the numerous ways that the Maker DAO platform –– both users and smart contracts –– help keep the dai peg fairly and constantly maintained.

Pop artist 3LAU introduces blockchain music platform Royal with $16M raise

If you’re into NFTs, you probably know that 3LAU is deep in the game, too. He minted BAYC and gave several away the night of. Now, the independent super artist has raised $16M for his upcoming blockchain-based music investment platform that cuts fans into the ownership and distribution. The round was led by crypto-focused investment firm Paradigm and Peter Thiel’s Founders Fund.

Each week, we’ll round up the hottest news across the DeFi ecosystem to help you keep up to speed.

Arbitrum One launches highly anticipated L2 platform

Ethereum Layer 2s are scaling solutions that help users, and smart contracts, use the Ethereum network and DeFi apps for little-to-no gas fees and with nearly instant transaction speed. OffChain Labs announced the full fair and public launch of its Arbitrum One mainnet. Developers have been building on Arbitrum since May.

Balancer announces V2 launch on Arbitrum

One of the popular dapps to co-announce alongside Arbitrum One is Balancer ($BAL), an AMM protocol that acts as a DEX to users.

The move is expected to significantly reduce gas costs and scale liquidity. The implementation of Arbitrum makes Balancer Protocol uniquely scalable.

ENS launches DNS support

The popular domain service called ENS (Ethereum Name Service) allows users to mint ENS addresses that point to Ethereum wallets. This allows a user to truncate their long wallet addresses down to as little as one or two characters. ENS help make DeFi even more usable, and with this new update allowing DNS (e.g. .com URLs) crossovers. ENS also can be used as a tool for authenticating identities.

Axie Infinity maintains top spot in global Discord size

The red-hot play-to-earn gaming project Axie Infinity ($AXS) has had one of the most epic rises in 2021 on the coattails of NFT interest and by pioneering play-to-earn use cases on Ethereum. Despite recently booting hundreds of thousands of users for inactivity, the project still boasts the largest Discord community in the world, having first taken that spot earlier this year.

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