A key altcoin project with Binance listed has announced new collaboration to validate NFT collections in the market. The price is rising in double digits during the news.
Public Pressure works with this altcoin for ‘verified identity’
Public Pressure, a Web3 media pioneer in the music industry, announced at the SXSW festival that it is collaborating with KILT Protocol (KILT) to validate their NFT collections and log on to the Public Pressure Marketplace.
Public Pressure plans to release “verified” credentials for music NFTs in Marketplace collections. This feature will help artists or record labels add certificates of authenticity and help DJs publicly show that a particular song is part of their playlist. This additional layer of transparency and anti-fraud protection can also add value to NFT technology.
NEWS: @jointhepressure will use KILT infrastructure to issue public credentials to music NFTs in their Marketplace collections.
Artists or their record label can add certificates of authenticity, and DJs can show that a song is part of their playlist.https://t.co/P9JE4CJYzt
— KILT Protocol @SXSW (@Kiltprotocol) March 13, 2023
KILT price rises in double digits
The KILT price is rising in double digits around the time of the joint news. This rally was not exclusive to the KILT token. The entire crypto market, including BTC and ETH, is trading in the green at similar rates.
KILT Protocol (KILT) provides new business opportunities, marketplaces and revenue streams around digital identity and data sovereignty. Listed on Binance, the KILT token currently sits at #625 by market cap. cryptocoin.comWe mentioned that it gained 900% in value after being listed on MEXC Global at the end of 2021.
Why KILT Protocol?
Web3 media company Public Pressure allows users to log into their platform using email credentials verified by KILT’s SocialKYC service. These credentials will remain under the user’s control on their device, reducing the need for centralized data storage.
KILT is a decentralized parachain built on Polkadot that provides secure, practical identity solutions for businesses and consumers. Using KILT’s AssetDID framework, which identifies multiple types of digital assets on any Blockchain, Public Pressure users can link their public credentials to any NFT in any smart contract, and anyone – artists, buyers and sellers – can access this public identity stored on KILT. can read information.
> Happening Now!@xenomars dropped their latest #Web3Music track 'Fear Of A Red Planet' on Public Pressure. The drop is dedicated only to the owners of 'Deepfake 1962'. If you're one of the lucky 220 people, you can claim it for free.
👁🗨 https://t.co/b9FMaC99jd#notheardof pic.twitter.com/FENuh1Ul7A
— PUBLIC PRESSURE (@jointhepressure) March 10, 2023
“The SXSW tech and music festival is the perfect setting to announce the next phase of NFT credentials,” said Ingo Rübe, founder of KILT Protocol. Sergio Mottola, President of Public Pressure, added:
By partnering with KILT, we bring an extra layer of transparency and protection against fraud to music NFTs. Additionally, by integrating technology from other projects in the ecosystem, we are proving that Polkadot is by far the best ecosystem for interoperability. The success of this collaboration adds extra value to the end user.
About Public Pressure
Public Pressure was originally launched in 2015 as an online community and magazine dedicated to giving a voice to emerging artists and record labels. It is now a Web3 media company headquartered in London with offices around the world. Public Pressure is built on Polkadot, which has the lowest total electricity consumption and carbon emissions per year of the six proof-of-stake (POS) networks studied and is designed to support the transition of music to Web3.
