Weekly Altcoin Update – Week 48

This week's Altcoin update is packed with information, highlighting LTO Network, XCAD Network, and Opulous!

LTO Network

The LTO Network had just one of their most significant development releases, "Cobalt", which was highlighted in Week 45, and the next significant release is already scheduled for next quarter! The Titanium update will allow LTO Network to rollout their take on NFTs, NFT2.0.

LTO aims to make NFTs truly decentralized by removing the centralized server storage and cross-chain through a partnership with Chainlink. Titanium empowers artists and musicians to be part of the open metaverse while interacting with their audience and fans! The upcoming update is a significant one for LTO Network and will have a crucial impact on how NFTs are perceived and used.

XCAD Network

XCAD Network is again ramping up the spree of announcements with a Christmas campaign, and early December will be full of announcements! Up to date, 29 content creators will be utilizing the XCAD Network ecosystem, with a total following of 95 million on YouTube and over 8 million followers on Twitter. It is expected that many more content creators will be released in the upcoming four weeks.

The adoption of the XCAD product is correlated with the adoption of content creators. Fans can engage relatively quickly engage with their favourite content creator, which strengthens the brand of the content creator and decreases the overall social gap. Due to fans' vital role in the trade of content creator tokens, the XCAD Network ecosystem is designed to encourage interaction between fans and content creators. As highlighted in earlier updates, the adoption by content creators is significant for the ecosystem due to the value created through content creators and their audiences.

Opulous

The second S-NFT sale of the Opulous ecosystem was announced yesterday, and it is even a bigger headliner than the first one! The first S-NFT of Soulja Boy and Lil Pump sold out within 2 hours and raised 500K USD. The upcoming S-NFT will resolve around Tyga, one of the most successful and popular global hiphop stars. Tyga had major collaborations with global musicians such as: Drake, Nicki Minaj, Snoop Dogg, Bruno mars and more! Fourteen tracks went Platinum which means that more than two million copies were sold! Over 30 tracks got listed in the billboard top 100, the music industry standard record chart for songs.

As highlighted in our research paper, Opulous is revolutionizing the financing of the music industry through innovative integrations and intuitive ecosystem design. The ecosystem is actively leveraging its global network of musicians that include a few of the biggest stars of the modern era of music. Therefore, this might be the tip of the iceberg.