ERC-1155 Song Shares
Our Song Shares are now ERC-1155 tokens. This upgrade simplifies transactions, as ERC-1155 tokens are semi-fungible. This means they combine the best aspects of fungible and non-fungible tokens, offering greater flexibility and efficiency within a single contract.
As this is a new contract and a new standard, all existing Song Shares are now deprecated. Everyone has received the new ERC-1155 Song Shares, ensuring a seamless transition and continued access to the enhanced benefits of our updated system.
Benefits of ERC-1155:
- Efficiency: Lower transaction costs and reduced blockchain congestion.
- Enhanced Functionality: Improved user experience with simplified processes.
Update from USDC.e to USDC
We have also updated our support for USDC tokens. We are transitioning from USDC.e to the latest native version of USDC. This update ensures smoother transactions and better compatibility with the latest developments in the ecosystem.
For all users with a Bolero wallet, the swap has been made automatically. For those with an external wallet (like Metamask), a pop-up window will appear on their dashboard explaining how to swap their USDC.e for USDC.
Benefits of the new native USDC:
- Increased Transparency: Better traceability and transparency of transactions.
- Improved Compatibility: Easier integration with new decentralized applications.
- Enhanced Security: More robust security protocols to protect your assets.
Reopen Your Sell Offers
Due to the migration of all contracts, all open sell offers were closed. If you had any open sell offers, you will need to reopen them. We apologize for any inconvenience this may cause and appreciate your understanding as we strive to improve our platform.
Upcoming Features
Introducing Offers
In the coming weeks, we will roll out a new feature allowing you to propose a price for a quantity of Song Shares. Any owner of the Song Shares can accept your offer, making it easier to buy and sell shares at mutually agreeable prices.
Update Listings
You will also be able to update your listings without the need to cancel and reopen them. This means you can adjust prices, quantities, and other details on the fly, making the marketplace more dynamic and user-friendly.
Transaction fee Coverage
To further streamline your experience, we will soon introduce gas sponsoring for certain operations. This feature will cover the gas fees for specific transactions, reducing the upfront cost for you and making it even easier to engage with the platform.
Benefits of Gas Sponsoring:
- Cost-Effective: No transaction costs for users.
- Convenience: Simplified transaction process without worrying about gas fees.
- Accessibility: Encourages more users to participate without financial barriers.
Catalog Shares
Expected to be released in November, Catalog Shares will enable a new way to trade and manage collections of music rights. This feature will provide more liquidity and flexibility in the market, offering a streamlined process for trading larger collections of assets.
Stay Tuned!
We are constantly working to improve your experience on Bolero. These updates are just the beginning, and we have many more exciting features in the pipeline. Stay tuned for further announcements and updates!
Thank you for being a part of our community 💙.
