2 years ago
ARPA, a security-oriented and privacy-preserving computation network, partnered with Quantum Music, an online marketplace aimed astatine the $30 cardinal Asian influencer economy. Thanks to the partnership, Quantum Music volition leverage the Web 3.0 and metaverse trends portion bringing wide adoption to ARPA’s platform.
Quantum Music provides an online marketplace that connects influencers with brands. It has grown astatine an awesome gait acknowledgment to the accelerated enlargement of an influencer civilization connected societal media networks similar TikTok. More than 300 influencers person joined the Quantum ecosystem, which present boasts a 70+ cardinal follower basal – 8 times higher than astatine the opening of 2021. Quantum Music is the level of prime for Asian influencers who privation to summation their visibility and boost their instrumentality basal to gain other income. On the different side, brands tin amended their precision selling efforts by hiring influencers for assorted campaigns.
The concern with ARPA comes astatine a clip erstwhile Quantum Music plans to spell beyond its accepted Asian marketplace and follow innovative technologies, specified arsenic blockchain, metaverse, and non-fungible tokens (NFTs).
Quantum Music co-founder and CEO Quan Zhang commented connected the partnership:
“I person a Ph.D. successful Physics, and innovation is successful our company’s DNA. We privation to research experiments successful the Metaverse and NFT abstraction with a beardown spouse similar ARPA.”
Quantum Music is focused mostly connected micro-influencers, and galore of them find it hard to leverage innovative technologies to their advantage, arsenic the resources person been unevenly distributed among creators. Zhang explained:
“Web3.0 is apt to alteration the crippled for micro-influencers drastically. We privation to amended assistance these micro-influencers physique and capitalize connected their existent fans with the powerfulness of cutting-edge technologies, specified arsenic blockchain.”
How Will ARPA Help Quantum Music?
ARPA provides unafraid computation capableness arsenic an off-chain solution that is compatible with astir Layer-1 blockchains. For clients looking to instrumentality Web 3.0 solutions, it offers its verifiable random fig generator (RNG) known arsenic Randcast. It represents a verifiable, decentralized, low-cost, high-efficiency random fig generator designed to empower the creators of the metaverse.
Randomness is an indispensable constituent for providing users with a much trustworthy experience. For example, it helps blockchain and Web 3.0 developers and users to make integer signatures, nationalist and backstage keys, and artifact hashes. Elsewhere, online games trust connected randomness to marque definite that players person a just accidental astatine winning. The request for axenic randomness becomes adjacent much evident successful the metaverse.
ARPA co-founder Yemu Xu explained:
“We judge it’ll beryllium a win-win. Quantum Music volition acceptable its ft connected the Web3.0 wonderland utilizing the best-in-class RNG instrumentality to guarantee the fairness of their aboriginal tokenized assets. At the aforesaid time, Randcast volition empower Quantum Music’s planetary instrumentality basal that’ll supply capable feedback for aboriginal iteration from a large illustration capacity.”
Quantum Music Raises Funds connected Republic
The concern with ARPA comes aft Quantum Music secured a $1 cardinal concern successful a effect round. Now it is conducting a nationalist fundraising campaign connected Republic, a blockchain-oriented concern level that helps startups rise funds from communities and organization investors. Besides regular investors contributing via Republic, the level secured funds from large names similar Chris Bordeaux, who is managing manager of LFG Ventures – a task superior steadfast with vulnerability successful SpaceX, Bitcoin, Kraken, and BlockFi, among others.
For Quantum Music, this is besides an accidental to beforehand its online marketplace to the Republic community, which comprises implicit 1.5 cardinal investors. As of the opening of March, Quantum Music raised implicit $68,000, which exceeds the minimum extremity by 270%, suggesting affirmative feedback from the community.
The Republic assemblage is assured successful Quantum Music’s future, particularly judging by its existent maturation rate. The level had a grounds twelvemonth successful 2021, with the aggregate fig of followers to its affiliated influencers exceeding 70 cardinal astatine the extremity of December, portion full gross surged 100% year-on-year.
Also, Quantum Music founders person heavy acquisition successful consulting, task capital, and contented creation.
Zhang said successful an interrogation with Republic:
“The accidental of the influencer system is tremendous globally, and the pandemic has expedited its growth. With the ongoing Web 3.0 evolution, I expect the influencer system to proceed rapidly expanding. Thus, astatine Quantum Music, our existent precedence is to seizure a bigger portion of the caller pastry baked each twelvemonth alternatively of getting excessively bogged down successful competition.”
In the future, Quantum Music is acceptable to deploy instrumentality tokens and NFTs, which volition apt accelerate adoption.
Image: Pixabay
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