HONG KONG PRODUCER AND SONGWRITER JOANUS LAM SELLS SINGLE MUSIC NFT FOR $1.2 MILLION ON OPENLAKE

HONG KONG PRODUCER AND SONGWRITER JOANUS LAM SELLS SINGLE MUSIC NFT FOR $1.2 MILLION ON OPENLAKE

collection “Traces of Love” is composed of 5 music DEMOs, namely “Too Late”, “Share Happiness”, “Broke Up”, “I used to love you like this” and “Traces of Love”. These music demos were created by Joanus Lam from 1995 to 2005 and have never been made public. The one sold this time is one of them. The collection ran through the peak period of the Chinese music industry and has a very high collection value. Joanus Lam releases this collection as a salute to the NFT era.

Openlake launches HLS Streaming Protocol support for Music/Video NFTs

Openlake launches HLS Streaming Protocol support for Music/Video NFTs

Openlake proudly announces that we are now the first NFT platform to support HLS streaming protocol for our Music and Video NFTs created on Openlake NFT platform. The Music and Video content will be automatically transcoded to HLS format with secure storage and streaming. It provides one-stop service for secure storage, encrypted playback, distribution and [...]

Openlake Upgrades NFT Smart Contracts to SKIFF

Openlake Upgrades NFT Smart Contracts to SKIFF

To enhance user experiences in NFT trading, Openlake has completed the upgrade to the COOS SKIFF smart contract. All NFT transactions on Openlake including purchase, sale, and transfer of NFTs, will all be processed by the COOS SKIFF smart contracts. The COOS SKIFF transaction smart contract includes the COOS SKIFF Exchange (Responsible for NFT transactions), COOS SKIFF PROXY (Responsible for NFT accounts management), and COOS SKIFF 1155 (Responsible for ERC1155).

Openlake Music/Video/MV NFT Royalty Rules

When creating a Music/Video/MV NFT, you will be asked to set 2 royalty ratios, respectively. Collection Royalty: You need to set up a Collection Royalty ratio when creating collection. When the Copyright NFT is resold, collection creator of this NFT receives Collection Royalty. This applies to both Origin and Cover Music/Video/MV. Collection Royalty = Trade [...]

[Tutorial] Openlake Music/Video/MV NFT Creation Rules

Origin Music/MV: To create an origin Music/MV NFT, you need to satisfy the below requirement(s): I am the original creator of this Music/MV.My Music is one of the supported file types: MP3, WAV, AIFF, WMA, MIDI, AMR, FLAC, APE, OGG, AAC.My MV is one of the supported file types: MPEG, AVI, NAVI, ASF, MOV, 3GP, [...]

[Tutorial] How do I create a Music/Video NFT?

STEP1: Create a NFT Collection 1.1. Click on “Create” on top right, then click on “Create Collections”. 1.2. Fill in the collection information. 1.3. Set Collection Royalty ratio. 1.4. Set Link Settings. (If you want to provide detailed description of your Collection, you can attach the link here.) 1.5. Submit form and sign via wallet. Collection [...]

Openlake Music NFT Listing Types

Openlake is a pioneer in exploring the combination of NFT and copyrights,and is committed to the continuously refine of this revolutionary technology.Openlake may make revisions on the music NFT copyrights in cases including but not limited to new law enforcement or revisions. Openlake provides 4 selling methods for music NFTs: Single NFT Listing, Cover Right NFT [...]

NFTEvening | Openlake NFTs Brings a New Layer of Control to Music

NFTEvening | Openlake NFTs Brings a New Layer of Control to Music

Source: https://nftevening.com/openlake-nfts-brings-a-new-layer-of-control-to-music/ Hong Kong company Openlake is hoping to change the music industry through the new NFT smart contracts. Their new marketplace, which combines AI, IoT and blockchain, is aimed at upgrading the push for artists to release high-quality music. According to a recent press release, Openlake sees the Hong Kong music scene as having stalled out [...]

Openlake Music NFT Marketplace Launches In Hong Kong, Intent On Reshaping Local Pop Industry

Openlake Music NFT Marketplace Launches In Hong Kong, Intent On Reshaping Local Pop Industry

Source: Coinfractal Los Angeles, California USA headquartered NFT marketplace, Openlake, on Wednesday, June 16th, launched in Hong Kong, China. The  world’s first AI, IoT, and Blockchain powered NFT marketplace has partnered with music companies in the Asian nation, in a bid to reshape the local Chinese Pop-Music industry.  China’s Pop scene has suffered a severe [...]