Blak Hat Passes, a collection of 6,666 unique NFTs, is the first decentralized record label on the Cardano blockchain. The holders of these exclusive passes are granted first-access to upcoming artist releases and metaverse assets and experiences for Pavia. Moreover, the NFT allows holders to participate in the decision-making process of the collective by voting on which artists the label should sign, helping to shape the direction of the label while simultaneously forming a passionate and music-oriented Cardano community.

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Explanation of the Key Terms

NFTs

NFTs, or non-fungible tokens, are unique digital assets that are stored on a blockchain, making them one-of-a-kind and verifiable. They allow creators to monetize their work in a way that was previously impossible, and collectors to own something that is truly unique and valuable.

Cardano Blockchain

Cardano is a blockchain platform built on a proof-of-stake consensus mechanism that allows for smart contract execution and decentralized applications. Launched in 2017 by co-founder Charles Hoskinson, Cardano aims to provide a more secure, sustainable and scalable blockchain network than its predecessors. It uses the functional programming language Haskell to ensure code correctness and reduce the risk of bugs and security vulnerabilities. Cardano's unique features include its two-layer architecture, which separates accounting and computation, and its treasury system, which allows for community-led funding and governance.

Blockchain

Blockchain is a decentralized digital ledger technology that records transactions and stores data in a secure, immutable and transparent manner. Originally designed as the underlying technology for Bitcoin, blockchain has since evolved to enable a wide range of use cases beyond cryptocurrency, such as supply chain management, voting, and identity verification. Its key features include decentralization, transparency, security, and immutability, which make it a powerful tool for creating trust and enabling collaboration in various industries.

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RiseAngle NFT Calendar

The RiseAngle NFT Calendar is a top-tier NFT calendar that provides NFT enthusiasts with a comprehensive list of upcoming NFT drops and projects. From Ethereum drops calendar to Polygon drops calendar, ADA NFT drops, and SOL drops calendar, this NFT calendar offers a one-stop-shop for staying up-to-date on the latest NFT mint schedule. Whether you're a seasoned collector or a new enthusiast, RiseAngle NFT Calendar is your go-to source for all NFT-related events.