Fun

Sweet Launches Broad-Scale NFT Solution in Partnership With Bitcoin.com

News Feed - 2021-02-04 03:02:30

Sweet Launches Broad-Scale NFT Solution in Partnership With Bitcoin.com


PRESS RELEASE. February 4, 2021 – New York, New York –Sweet, in partnership with Bitcoin.com, has announced the launch of a highly-scalable Non-Fungible Token (NFT) platform for the broad distribution of digital collectibles and digital merchandise. Leveraging Simple Ledger Protocol (SLP) and the Bitcoin Cash network (BCH), blockchain digital collectibles provide consumer and entertainment brands with a previously-unseen opportunity to drive new revenue, create one-of-a-kind consumer experiences, and increase consumer engagement to unprecedented levels.


Flexible Distribution


With Sweet’s solution, brands have the flexibility to bring digital merchandise to market in an extraordinary number of ways, including for-purchase on existing e-commerce stores, bundled with physical products via QR codes, as social giveaways via web-based reservations, and as rewards for completing actions such as streaming a song on Spotify or Apple Music.


The platform uses the Bitcoin Cash and the SLP standard for NFTs. According to Sweet Founder and CEO Tom Mizzone:


“SLP was an excellent fit for Sweet’s digital collectibles platform. We looked at several blockchain solutions and found Bitcoin Cash and SLP to be fast, scalable, and highly cost-effective. We couldn’t be more excited to participate in the growing SLP ecosystem.”


As consumer and entertainment brands are looking for new solutions in the digital space, Sweet enables the distribution of one-of-a-kind, digital, tradable coins and cards that are custom-designed around the brand and then published on the blockchain for transparent ownership and authenticity.


“The future of rare, collectible merchandise is in the digital arena as evidenced by the growing interest in NFTs, and we are thrilled to be the ones giving brands and artists a new way to offer exclusive digital merchandise to their fans and customers,”said Mizzone.


A Feature-Packed NFT Wallet


The Sweetplatform includes a mobile blockchain wallet for iOS and Android which boasts a beautifully engineered UI where users get the full experience of excitement and community as they interact with others and trade their collectibles, jockeying to obtain rare items and complete sets. Sweet’s CTO, Ken Ellis, stated:


“We’ve made a significant investment in producing NFTs at scale. We can quickly create thousands of NFTs to support major product or music releases and events, and deliver them immediately to a user’s SLP wallet. From there, users can trade their collectibles with other fans and users within the app.”


Elliscontinued;


Each NFT has a unique URI associated with it, the contents of which are signed as part of the creation process. We’ve made these URIs public to facilitate sharing, and when resolved by a browser we provide a 3D rendering of the collectible, along with information on the current owner.”


Built to Scale


Sweet’s solution, built on SLP, is driving innovation and broader adoption of NFTs.


Roger Ver, founder of Bitcoin.com,said:


“In the past, users were locked into a completely in-app experience or a single marketplace, but now any Sweet digital collectible can be acquired through many channels and traded with anyone around the world, even if they aren’t a Sweet user themselves. This means true and authentic ownership for users, and it’s being made possible on Bitcoin Cash. We couldn’t be more excited about our strategic partnership with Sweet and what it means for the collectibles market.”


Sweet has strong traction in the entertainment and consumer brand communities with over 600 artists and brands live on the platform and thousands of NFTs in the queue for worldwide fans and collectors.


 


For more information on Sweet, visit https://sweet.io.


 


Media Contact Details


Contact Name: Peter Keiser,


Contact Role: EVP of Marketing, Sweet


Contact Number: (201)-775-9000


Contact Email: press@sweet.io


 


Sweet is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.


 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Report: Bitcoin Overtakes Gold in the U.S. as the 4th Most Popular Investment Vehicle NEWS | 4 hours ago Bitcoin for Corporations- Michael Saylor Expects an "Avalanche" of Firms to Own Bitcoin FINANCE | 7 hours ago Tags in this story Bitcoin Cash blockchain, Bitcoin.com, Digital Collectibles, nft, Non-fungible tokens, Simple Ledger Protocol (SLP), Sweet


Image Credits: Shutterstock, Pixabay, Wiki Commons Use Bitcoin and Bitcoin Cash to play online casino games here.

News Feed

University of Cambridge Bitcoin Mining Map Shows China’s Hashrate Dropped to 46%
University of Cambridge Bitcoin Mining Map Shows China"s Hashrate Dropped to 46% After the researchers from the Cambridge Bitcoin Electricity Consumption Index (
Bitcoin's $66.9K price holds strong, casts doubts on a 'deep correction'
Ciaran Lyons6 hours agoBitcoin"s $66.9K price holds strong, casts doubts on a "deep correction"Despite ongoing speculation about Bitcoin"s next potential "deep correction," some cryptocurrency analysts disagree
Thai SEC Proposes Banning Crypto Businesses From Staking and Lending Activities
Thai SEC Proposes Banning Crypto Businesses From Staking and Lending Activities The Thai Securities and Exchange Commission (SEC) has proposed banning businesses from engaging in c
Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite
Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite The English singer, songwriter, and former Black Sabbath frontman, Ozzy Osbourne, has revealed he
Bank of England Governor Warns Crypto Is Providing Means of Payment for Criminals
Bank of England Governor Warns Crypto Is Providing Means of Payment for Criminals Bank of England Governor Andrew Bailey has warned that crypto assets are providing another means o
Coinmama Appoints Unicorn IronSource GM Sagi Bakshi as CEO
Coinmama Appoints Unicorn IronSource GM Sagi Bakshi as CEO Unicorn startup IronSource’s general manager, Sagi Bakshi, has joined cryptocurrency exchange Coinmama as CEO, sayin
‘The Fed Is Trapped’- Erratic Bond Markets, Exhausted Supplies, Analyst Says Tsunami of Treasury Issuances Underway
‘The Fed Is Trapped’- Erratic Bond Markets, Exhausted Supplies, Analyst Says Tsunami of Treasury Issuances Underway The U.S. Federal Reserve is in a predicam
Study Identifies the Top 10 States in America Most Interested in Bitcoin, Ethereum
Study Identifies the Top 10 States in America Most Interested in Bitcoin, Ethereum On September 2, the crypto market aggregation web portal Coingecko.com published a study that ide
Bitfarms forced to stop ‘poison pill’ strategy amid Riot takeover attempt
Tom Mitchelhill4 hours agoBitfarms forced to stop ‘poison pill’ strategy amid Riot takeover attemptThe Ontario Capital Markets Tribunal terminated Bitfarm’s attempt to “poison pill” Riot Farm’s takeover attem
Bitcoin FilmFest: Lights, camera, halving as Bitcoin cinema hits Warsaw
Bryan O"Shea11 hours agoBitcoin FilmFest: Lights, camera, halving as Bitcoin cinema hits WarsawThe second edition of Bitcoin FilmFest in Warsaw, Poland, screened over a dozen movies and documentaries and coincided with t
Dogecoin Enters Danger Zone — Chartist Predicts Sharp Drop Ahead
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Over Half of This Year’s Financial Pyramids in Russia Involved Crypto, Bank of Russia Finds
Over Half of This Year’s Financial Pyramids in Russia Involved Crypto, Bank of Russia Finds A majority of the financial pyramids identified in 2022 used cryptocurrencies in one w