AscendEX, a global cryptocurrency platform that serves a global community of crypto users, today announced a strategic partnership with Fireverse, a Web3 platform that utilizes AI to help users create music, making the production process simplified for everyone. This collaboration enabled the integration of Fireverse’s AI-powered music platform with AscendEX’s crypto exchange to enable Fireverse users to access DeFi capabilities, including digital asset trading, yield generation, and liquidity management.
Powered by its native FIR token, Fireverse is a decentralized music platform that combines AI and blockchain technologies to revolutionize the music landscape by empowering both professional and upcoming musicians to create and share their songs with their audiences and earn from their extraordinary compositions. Since its establishment in October 2024, Fireverse has rapidly gained popularity due to its continued pioneering of the intersection of music, AIGC (AI-generated content), and Web3, providing innovative value to the digital asset market and the music industry.
Fireverse Expands Music Platform with DeFi Capabilities
Through the partnership above, Fireverse has integrated its decentralized AI-driven music platform with AscendEX’s trading platform to help bolster its user engagement and widen its network’s accessibility in the larger DeFi landscape.
AscendEX (formerly known as BitMAX) is a global crypto trading platform that offers a broad range of product suites, including spot, margin, and futures trading products to customers worldwide. Launched in 2017 and headquartered in Singapore, AscendEX serves the needs of both institutional investors and retail customers in various countries across different global geographical regions.
First, through the collaboration above, Fireverse listed its native FIR token on AscendEX’s crypto exchange, an integration that is set to help increase the token’s visibility to crypto users worldwide. The token listing is crucial as it is set to provide Fireverse with exposure to millions of AscendEX users across the globe and help increase FIR’s liquidity by providing it with greater token utility to AscendEX platform users. On the other hand, the listing will help improve the value for the AscendEX exchange users and token holders.
Secondly, using its integration with AscendEX, Fireverse unlocks new opportunities for music creators and lovers on its decentralized AI-driven platform. This tech incorporation means that Fireverse users can now seamlessly trade and manage a wide variety of crypto assets of their choice using their secured wallets integrated into AscendEX’s exchange.
Web3: Shaping New Opportunities For Music Lovers
In this partnership, AscendEX and Fireverse bridge the worlds of music, AI, and DeFi, a move that empowers music artists and developers to turn their creativity into real value efficiently and securely using the intersection of artificial intelligence and Web3.
The alliance seeks to accelerate the growth of the Web3 space by advancing the music industry through decentralized cross-chain liquidity and interoperability. By equipping music creators and enthusiasts with innovative tools for music production, distribution, monetization, and crypto/DeFi trading opportunities, the collaboration aims to advance creative ownership and promote on-chain collaboration.
Source: https://blockchainreporter.net/fireverse-partners-with-ascendex-to-unlock-defi-opportunities-for-web3-music-creators-and-enthusiasts/
