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The percentages and metrics are calculated from its change over a 7-day time frame, unless noted otherwise.
Highlighting some of the biggest announcements from Sei.
💨 What’s happening: Unchained Music, a music label company, shared it will use the Sei Network to power its administration services and musician payouts.
💨 Why it matters: Unchained Music has a portfolio of over 70,000 artists and provides physical distribution, playlist pitching and royalty services to its label and artist clients. Its partnership with the Sei Network hopes to be an infrastructure provider that enables fast and transparent payments.
For context, Unchained’s model lets artists keep 100% of streaming royalties by earning interest from stablecoin liquidity pools. This is important because the Sei ecosystem has previously deployed initiatives to empower builders, like its Creator Fund.
Additionally, the option for onchain payouts can also be beneficial in an archive way. This means, payouts would be recorded in a blockchain’s metadata, which can deter fraud because payment stubs would be stored in an unalterable way.
💨 The bigger picture: Traditionally, slow payouts, opacity and copyright disputes can be an obstacle for a musician’s growth. However, because of how the blockchain operates alongside Sei’s transaction finality, this integration can improve the quality of life for artists.
Since this development looks to bring a solution for the long-term, Unchained Music’s integration of the Sei Network isn’t trying to reinvent the wheel. In fact, it wants to keep it as seamless as possible for its artists. In regards to mainstream adoption, it’s important to not make the front-end user experience too complicated. Since Sei would be handling the back-end infrastructure, it looks to set a precedent for more blockchain technology integrations to the music industry.
Updates on the latest games, validators, builders and more that are helping Sei expand
Filament Pro launched its perpetual trading platform to its Genesis NFT holders
Jellyverse deployed a platform upgrade to integrate 5% fee reduction on its trading assets
Groovy Markets announced it will create a user-generated betting market on the network
Yei Finance hit $445.28M for incoming volume on its money market protocol, DappRadar data shows
Takara Lend reached $5.7M in TVL on March 8, a new all-time high (shown below)
Source: DefiLlama
Highlighting the builders, users and ecosystem players within the Sei blockchain.
ICYMI: Listen to an X space about web3 gaming on the network featuring Infinity Games, Cats vs Monsters and Fishwar
Learn about Decentralized Science via an X livestream hosted by the Sei Foundation
Sei’s Builder Fund reached 50K SEI token in donated amount – explore other insights on a dashboard by 0xhess
The Sei Research Initiative published an article about how Sei can power RWAs using its 5 gigagas initiative
Want to get involved in the ecosystem? Find the latest job postings here or get involved with an activation below.
Binance Wallet is hosting a USDC lending campaign in collaboration with Yei Finance and Silo – see details here
DragonSwap announced a trading competition with up to $55K rewards up for grabs
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.