WWE NXT

WWE NXT is the professional wrestling developmental branch for WWE, based in Winter Park, Florida. From its inception in August 2012 to June 2013, it was a distinct but affiliated developmental territory for WWE under the name NXT Wrestling. In June 2013, the NXT Wrestling website was shut down and NXT content was moved to WWE.com. From February 2014, NXT started a series of live special events broadcast on the WWE Network, comparable to main roster pay-per-view shows.

Despite its status as a developmental branch, NXT has been praised for its high quality of wrestling, captivating storylines, and the opportunities they afford female wrestlers as opposed to on the main roster; the latter of which has led to a change on how women's wrestling is portrayed in WWE.

History

In August 2012, WWE ceased operating Florida Championship Wrestling (FCW), its developmental promotion in Tampa, Florida, and began running all of its developmental events and operations at Full Sail University under the "NXT Wrestling" banner. WWE had been using the NXT name for a television program featuring rookies from FCW competing to become WWE main roster members, though the reality television aspects of the show had been dropped earlier in 2012; WWE NXT now serves as the primary television program for the promotion.

Nxt

Nxt is an open source cryptocurrency and payment network launched in November 2013 by anonymous software developer BCNext. It uses proof-of-stake to reach consensus for transactions - as such there is a static money supply and, unlike bitcoin, no mining. Nxt was specifically conceived as a flexible platform around which to build applications and financial services. It has an integrated Asset Exchange (comparable to shares), messaging system and marketplace. Users can also create new currencies within the system. The last major release enabled Multisignature capabilities and a plugin-system for the client.

Nxt has been covered extensively in the "Call for Evidence" report by ESMA, to which the Nxt community responded in July 2015.

History

On 28 September 2013 Bitcointalk.org member BCNext created a forum thread announcing the proposed launch of Nxt as a second generation cryptocurrency and asking for small bitcoin donations to determine how to distribute the initial stake. On 18 November 2013 fundraising for Nxt was closed, with 21 BTC raised. The genesis block was published on 24 November 2013. It revealed that 1,000,000,000 coins had been distributed to 73 stakeholders in proportion to their level of contribution. The source code was partially released on 3 January. The full source code was released on 1 March 2014 under the MIT License.

NXT

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WWE

World Wrestling Entertainment, Inc. (d/b/a WWE) is an American publicly traded, privately controlled entertainment company that deals primarily in professional wrestling, with major revenue sources also coming from film, music, product licensing and direct product sales. WWE also refers to the professional wrestling promotion itself, founded by Jess McMahon and Toots Mondt in 1952 as Capitol Wrestling Corporation. As of 2014, it is the largest wrestling promotion in the world, holding over 300 events a year, and broadcasting to about 36 million viewers in more than 150 countries. The company's headquarters are located in Stamford, Connecticut, with offices in major cities across the world.

As in other professional wrestling promotions, WWE shows are not legitimate contests, but purely entertainment-based, featuring storyline-driven, scripted, and choreographed matches, though they often include moves that can put performers at risk of injury if not performed correctly. This was first publicly acknowledged by WWE's owner Vince McMahon in 1989 to avoid taxes from athletic commissions. Since the 1980s, WWE publicly branded their product as sports entertainment, which is considered to acknowledge the product's roots in competitive sport and dramatic theater.

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