PARAMETA and bitBLUE are teaming up on a security token platform for IP and content.
PARAMETA has signed a memorandum of understanding with bitBLUE to cooperate on building a security token platform for IP and content, and on growing the ecosystem around it.
Under the agreement, PARAMETA and bitBLUE will work together to build a security token platform that uses IP and content as underlying assets, and will jointly carry out the work involved all the way through to expanding the ecosystem that follows.
In this partnership, PARAMETA acts as bitBLUE's blockchain technology partner. It will provide the full range of technology needed to build the security token platform on the basis of its own service, PARAMETA S, and bring its knowledge and know-how in the field to building an ecosystem for tokenizing IP and content.
PARAMETA S _ STO as a Service
PARAMETA S packages up the technology behind security tokens. It makes fractional management of real-world assets possible through tokens, supporting real asset investment management for STOs and the administration of fractional ownership.
Drawing on its expertise in IP and content, bitBLUE will supply the knowledge and experience of the relevant business areas needed to build the platform, while working with PARAMETA to actively pursue the range of opportunities a fractional investment platform like this can create.
Applying security tokens is necessary for blockchain and NFTs to be used and developed within the regulated financial system. Issuing a range of IP and content as security tokens will create an opportunity for their enduring value to be recognized.
bitBLUE CEO Sangsik Joo
The IP and content market keeps growing, and applying security tokens to it should give rise to all sorts of business models and forms of investment contract securities. Building on its core blockchain and security token technology, PARAMETA plans to keep responding quickly to diverse business models and a shifting regulatory environment as it works to build out the ecosystem. We hope you will follow along. :)
About PARAMETA (formerly ICONLOOP)
PARAMETA is a technology company that has consistently developed blockchain and Web3 technology under the slogan "Web3 Enabler," leading innovation by applying it across industry. Backed by a full technology stack applicable across Web3 and by a record of success with numerous public and enterprise blockchains, PARAMETA has established itself as a strong partner supporting the technology and consulting needed for Web3 adoption and transformation. PARAMETA supports fast, straightforward Web3 transformation through PARAMETA Service (PARAMETA W, N, S, T), which lets businesses select and apply the core Web3 elements of wallet, NFT, STO, and token management without building their own infrastructure.
About bitBLUE
bitBLUE offers a new way to invest directly in creators — celebrities, virtual influencers, and others — through its Web3-based services Alt.town and Know-Yourself. bitBLUE aims to build an investment environment that encompasses intangible as well as tangible assets. To that end, it is developing its own valuation model for accurately measuring individual value, drawing on Web3 technologies and methods including NFTs.
[Reference] Read the full PARAMETA press release ▼
[Reference] Go to related coverage ▼
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Web3 Enabler, PARAMETA