In a groundbreaking development, Dot Hip Hop, LLC has joined forces with The Cortex Network to integrate traditional Web2 domain names with cutting-edge Web3 blockchain domains. Announced on July 19 at an exclusive rooftop party in New York City, this collaboration kicks off Hip Hop’s 50th Anniversary celebrations by paving the way for seamless online interaction and new revenue channels for creators.
A Game-Changer for Domain Owners
Owners of a .HipHop domain can now register a Web3 domain that acts as a digital wallet address for blockchain transactions. This means you can easily register a Web3 domain name similar to your existing .HipHop name. It will work in tandem with the Ethereum Name Service (ENS), a key blockchain naming protocol.
Unlocking the Power of NFTs
The partnership doesn’t stop at simplifying domain registration. It also allows for the minting of full non-fungible token (NFT) subdomains. This enables creators to turn their domain into a hub for unique digital objects like music, concert tickets, merchandise, and more. In essence, it becomes a one-stop shop for all things a fan could want.
Moreover, these integrated domains support publishing on the Web3-based Cortex Network. The network uses IPFS (InterPlanetary File System), a decentralized peer-to-peer file system. This means creators can publish content that isn’t tethered to the whims of centralized internet giants, giving them more control and new avenues for monetization.
More Than Just Music
Imagine two iconic artists announcing a one-night-only concert. They could sell NFT tickets that unlock exclusive merchandise or backstage passes. But this extends beyond the music industry. A fashion designer could embed a QR code in their creations that links to a digital identity, allowing each piece’s journey to be documented and shared. It turns static artwork into an interactive, communal experience.
“We value ownership in the hands of the creator,” said Leonard Kish, Co-founder of The Cortex Network. He expressed enthusiasm about the creative possibilities that the partnership could unlock within the Hip Hop community.
Ajene Watson, Managing Director of Dot Hip Hop, LLC, emphasized the importance of community-owned platforms in the Hip Hop culture. “Web3 tools like this support artist independence while reclaiming Hip Hop as its birthright,” he said.
Cortex estimates the full launch of this digital bridge to happen by or during October 2023. The integration marks a significant milestone in the digital landscape, ushering in a new era where creators not only produce but also have full ownership and more direct financial gains from their content.
The Dot Hip Hop and Cortex Network partnership is not just revolutionary; it’s a blueprint for how technology can empower creators to engage with their community on their terms. With this development, the Hip Hop community and creators at large have a powerful new toolset at their disposal.
Source: Dot Hip Hop, LLC
Pictures: Dot Hip Hop, LLC