Thursday, Apr 25 2024 | Time 18:03 Hrs(IST)
image
Business EconomyPosted at: Jan 6 2022 1:15AM


NFT marketplace Hot Drops banned from Consumer Electronics Show

Mumbai, Jan 5 (UNI) NFT marketplace Hot Drops, that has disrupted how creators and fans connect with next-gen content, has been banned from exhibiting from the Consumer Electronics Show (CES) , where it applied to have a presence in the first-year NFT pavilion area.
When launched in early Q1 2022, Hot Drops’ technology will offer safer, more compliant content using smart contracts, age authenticated accounts to purchase or view content and will require manual approval processes for established creators to prevent minors from accessing content or monetizing on the platform. With 12 of its first creators on board having an Instagram following of more than 30 million followers, Hot Drops will also feature a gamification aspect, rewarding loyal fans and communities for their purchases with exclusive content and experiences.
“At Hot Drops, we believe that ALL creators should have equitable access to blockchain and NFT technologies to be able to monetize their brands,” said Ashley Youdan, CEO of Hot Drops, Inc. “Hot Drops is not about sex toys or unprotected adult content, it’s an inclusive platform allowing fans to connect with their favorite creators, build community with other fans, and empowers creators to earn lifetime royalties for their content which historically they haven’t had. We regret that CES® incorrectly categorized us and then refused to discuss why we fell into the banned categories.”
Hot Drops is backed by a team of industry leaders including former adult content creator Ashley Youdan, who retired from performing in 2014 and pivoted her career into computer science and entrepreneurship; as well as a technology team including former veteran senior management from Google, Expedia, and Microsoft. Lead investors and advisors include Transform Ventures founder Michael Terpin who has worked with over 200 Blockchain PR clients and David Jensen, who founded and led EY's Global Innovation and Digital Business team through a period of exponential growth.
In response to this ban, Hot Drops will be partnering with Transform Group, Transform Ventures, and Layer One Networks to hold three events throughout the remainder of CES.
UNI AAA SHK0114
Please log in to get detailed story.
Tags: #NFT marketplace Hot Drops banned from Consumer Electronics Show
More News
Sensex surges 486 50 pts

Sensex surges 486 50 pts

25 Apr 2024 | 5:10 PM

Mumbai, April 25 (UNI) Extending its winning streak for the fifth consecutive day in a row, the BSE Sensex rallied 486.50 points to close high at 74,339.44 on the strength of services, metal, power, and auto stocks amid a strong Asian market.

see more..

Rupee ends flat at 83 32 against USD

25 Apr 2024 | 4:50 PM

Mumbai, April 25 (UNI) The rupee on Thursday ended steady at 83.32 against the USD on selling US dollars by bankers and exporters, dealers at the foreign exchange said.

see more..

Shree Cement joins RE100

25 Apr 2024 | 4:32 PM

Mumbai, Apr 25 (UNI) Shree Cement, one of India's largest cement producers with an installed capacity of over 56 MTPA, has announced its membership in the esteemed RE100 initiative, a global initiative led by Climate Group, advocating for businesses to convert to 100 per cent renewable electricity for all their operations.

see more..

Vedanta net down 27 pc in Q4

25 Apr 2024 | 4:26 PM

Mumbai, Apr 25 (UNI) Indian mining company Vedanta, with its operations in iron ore, aluminium, zinc, oil and gas, on Thursday reported 27 per cent dip in net profit at Rs 2,273 crore for the fourth quarter (January-March) of FY 24 from Rs 3,132 crore in same period a year ago.

see more..

India’s John Distilleries ‘Nirvana’ wins at London Spirits Competition

25 Apr 2024 | 3:25 PM

New Delhi, April 25 (UNI) John Distilleries Ltd’s Paul John single malt whiskey ‘Nirvana’ has been awarded a “Gold” medal in the prestigious London Spirits Competition 2024. JDL’s two other offerings, Roulette London Dry Gin and Paul John XO Brandy, have also won ‘Silver’ medals. JDL is the only Indian company to have been awarded in three different categories: whiskey, gin, and brandy.

see more..
image