#Web3

OKLink and CertiK are launching the Freeze Asset Request (FAR) standard to simplify the freezing of stolen assets and bolster Web3 security. Exchanges often lag in responding to asset-freezing requests following a hack due to their in-house systems, but this innovation aims to rectify that situation.

Justin Bieber's popular track "Company" is getting the NFT treatment. On September 7, music tech platform anotherblock and co-producer Andreas Schuller, aka Axident, will release the song as a limited NFT — only 2,000 will be available. Fans who buy the NFT will get a 1% share in the song's royalties, while Axident retains the rights. Michel D. Traore, CEO of anotherblock, emphasized that this NFT initiative not only shines a spotlight on producers but also introduces the masses to Web3 technologies.

Xterio, the gaming Web3 platform, has revealed its decision to create an independent ecosystem following OpenSea's refusal to charge author royalties on NFT resales. This new initiative will support content creators through the launch of an NFT marketplace, exclusive tokens, a rewarding mechanism, and diverse affiliate programs. Xterio's officials have said that the launch of this marketplace is imminent, expected within the following weeks.