Block Dojo Entrepreneurs: NFTs, Music and CBDCs
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In this week’s episode of CoinGeek Conversations, Charles Miller meets three entrepreneurs from Bitcoin SV incubator Satoshi Block Dojo, each developing a new platform that could change the way we live and work.
Want to create an NFT but don’t know anything about blockchain? If so, listen up! With HQNFTs, you can create artwork on the blockchain without having to write a single line of code. As HQNFT’s CEO Divya Prashanth says, “It’s a one-stop NFT ecosystem.”
With the platform, Divya mixes her passions for art and technology. While she believes NFTs bring awareness to blockchain technology, she says most artists are still disenfranchised. “Talking to my artist friends, it has become very clear that the biggest block is the blockchain itself… there are only a few hundred thousand blockchain developers compared to around 18 million web developers, and the costs are way too high,” she explains.
Divya believes that the art industry should follow companies around the world in adopting Web3 and blockchain technology: “If brands and companies do not take Web3 seriously, they will likely be left behind.”
The idea is simple: “We are the Wix of NFTs – it doesn’t matter what the tool is, it can have no tool or it can have a tool, you can just come onto our platform, create an NFT pool and spin it off on your own contract. ” HQNFTs currently use different blockchains. As Divya says, “we love all blockchains.”
Bomi Mosuro’s heart was set on building music software since his teens. And he has made his dream come true through the company The House of Sounds.
The House of Sounds develops a number of platforms that can assist artists in the music industry. One such platform is Beatlab – a project management tool for an organized music production process. It helps collaborators work seamlessly together while creating a song or soundtrack. “It basically syncs people… the tool helps them sync,” says Bomi.
Beatlab allows users to communicate, send messages and exchange files on one platform. Some have compared the platform to Trello, a tool used to manage projects and track workflow and tasks. But unlike Trello, Beatlab will have other special features such as a social platform where users can discover other collaborators in the music industry.
A rapper by trade, Bomi shared his songwriting strategy. His use of sound emulation is integrated into another software he is developing called Fluid Flow. Bomi describes Fluid Flow as “a songwriting tool powered by artificial intelligence.” Apart from the emulation, the software will offer other features that will help ease the pressure on songwriters.
Payment infrastructure platform Intrasettle integrates multiple CBDCs into a single ledger allowing cross-border payments and other types of financial exchange. “The idea here is very simple,” says CEO Kumaraguru Ramanujam. “We want to get more central banks to issue central bank money on this platform so we can encourage instant settlement and cross-border payments on one platform.”
How does it work? As Kumaraguru explains, the money issued on Intrasettle “is basically a representation of CBDC, so it’s tokenized money on our platform for them to get the benefits of having multiple CBDCs in one.” The platform can be compared to a foreign currency exchange for CBDCs except that it can also be used for securities settlement, bond settlement and anything related to cross-border cash.
Kumaraguru admits that there are several projects like Intrasettle that are undergoing pilot testing at the Bank for International Settlements (BIS). So what makes his platform unique? He plans to use Bitcoin SV technology on his CBDC platform while others are currently using other blockchains.
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