Hong Kong – Red flag hoisted at Butterfly Beach

Red flag hoisted at Butterfly Beach

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Attention TV/radio announcers:

Please broadcast the following as soon as possible:

     Here is an item of interest to swimmers.

     The Leisure and Cultural Services Department announced today (August 17) that the Environmental Protection Department has classified the water quality at Butterfly Beach in Tuen Mun District as Grade 4, which means the beach is not suitable for swimming. The red flag has been hoisted. Beachgoers are advised not to swim at the beach until further notice.

Plato Data and Butterfly Protocol Leaders Announce Partnership to Leverage Plato’s W3 Blockchain and Integrated Data Environment

Plato Technologies Inc., the provider of the industry-leading blockchain intelligence platform Plato, will offer the newly created W3 Protocol & Blockchain Registry using the Butterfly Protocol. Butterfly is a premiere creation platform for new blockchain top-level domains and offers tools to build out domains for the decentralized internet and Web 3.0.
The partnership has created a separate operating entity PlatoW3, Inc. to facilitate the governance, financing and operations of the initiative. W3 Domains will be offered exclusively through Plato to seamlessly interact with the secured data Plato generates. In addition, Plato will offer integrated packages that include data access, dApp hosting, decentralized web-spaces and mesh networks.

Blockchain domains are rapidly gaining acceptance as the world moves toward Web 3.0 with a growing decentralized internet and distributed computing environment. Advances in technologies like 5G, satellite-provided internet, and edge computing are changing the way data is delivered. In addition, file storage is improving with hybrid cloud and local nodes providing a more robust infrastructure to handle data-driven societies’ demands.

The benefits of blockchain domains also extend to allowing better control by the data owner and a censor-resistant environment that takes power out of the hands of centralized parties and gives it to the creators and owners of the content. There is increasing demand for continued access to data driven content that governments and private enterprises may otherwise block. PlatoW3 will provide solutions that harness the power of Web3 environments

“Multi-layer integrations supporting the W3 Registry will create new ways for the community to benefit from our integrated intelligence,” said Bryan Feinberg, Founder and CEO of Plato Technologies.

Dana Farbo, the lead strategist with Butterfly Protocol, stated that “with the addition of W3 as a blockchain domain system, Plato will share the open-source tools created at Butterfly to bring a new level of utilization of the decentralized web.”

About Plato Data Intelligence (https://PlatoBlockchain.com)

Plato is an open intelligence repository and data platform that unlocks the power of Vertical Search in a highly scalable and immersive way. The platform is designed to provide an ultra-safe and secure environment to consume sector-specific real-time data intelligence across the Web3 Universe.

About Butterfly Protocol (https://www.butterflyprotocol.io/)

Butterfly Protocol is a decentralized autonomous organization (DAO) that aims to replace the Domain Name System (DNS) system and change the economics of domain ownership.

Press Contact:
Bryan Feinberg CEO
Plato Data Intelligence
144 E 44th Street
New York NY 10017
zephyr@platodata.io


Topic: Press release summary

Hong Kong – Red flag hoisted at Butterfly Beach

Red flag hoisted at Butterfly Beach

***********************************


Attention TV/radio announcers:

Please broadcast the following as soon as possible:

Here is an item of interest to swimmers.

     The Leisure and Cultural Services Department announced today (May 27) that the Environmental Protection Department has classified the water quality at Butterfly Beach in Tuen Mun District as Grade 4, which means the beach is not suitable for swimming. The red flag has been hoisted. Beach-goers are advised not to swim at the beach until further notice.

Butterfly Protocol Announces New Program to Allow Full Blockchain Top-Level Domain Sponsorship and Control

Butterfly Protocol (www.butterflyprotocol.io), the blockchain-based web naming system built for the decentralized internet, today announced that it is opening up additional sponsorship options for top-level domains (TLDs), allowing anyone to create and totally control their own decentralized, token-powered ecosystem. This move compliments the original sponsorship option where TLDs can be sponsored and are controlled by the common governance contract.

The movement to a decentralized web has been accelerating recently due to highly visible censoring such as Facebook’s ban on allowing Donald Trump access to posting, the takedown of the Parler social media app and the continuing restrictions on free speech by authoritarian governments. Blockchain domain systems such as Unstoppable Domains, Handshake and ENS have been paving the way for making the decentralized and distributed web accessible and Butterfly is taking that access to a new level.

As opposed to the existing platforms, Butterfly allows for the sponsorship of practically any TLD. Rather than being stuck in the confines of .crypto or .eth as TLDs, sponsors can create their own such as .token, .defi or even .trump, .biden, or .obama. As a decentralized autonomous organization (DAO), Butterfly does not limit the community to what can be created but there are measures being initiated soon to discourage the use of existing TLDs from other sources and those that are clearly trademarked.

The process to sponsor TLDs can come in two forms. The light version where anyone can go to the ButterflyProtocol.io domain panel and contribute approximately 9000 BFLY tokens to initiate the creation. Or the custom option where it requires 100,000 BFLY tokens for complete control of that TLD’s domain environment. For custom requests, Butterfly support works directly with the sponsor for the creation of the TLD and the subTokens associated with that name.

To learn more about the Butterfly Protocol, the BFLY token and how to participate in the quickly evolving decentralized web, please click here.

About Butterfly Protocol

Butterfly Protocol is a blockchain-based web naming system built for the decentralized internet. Butterfly’s Decentralized Autonomous Organization offers a registry platform that allows people to purchase top-level domains using cryptocurrency in the form of its utility token, BFLY. Butterfly Protocol uses blockchain technology to create a system similar to ICANN without centralized control. Butterfly Protocol allows anyone to suggest, sponsor, or bid on the creation of new top-level domain names, and receive a share of the tokens associated with the name, which they can use to create subdomains and continue growing the decentralized web. Along with domain names, Butterfly allows for each domain address to be used for several unique functionalities, including cryptocurrency transactions, messaging, and social media.

COMPANY CONTACT: [email protected]