Verida is Combining Privacy Data Storage Solution and Identity Building Toolkit for Web3 Developers

By

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November 17, 2021

Verida is Combining Privacy Data Storage Solution and Identity Building Toolkit for Web3 Developers

The internet is now in a liminal period. It’s ready to jump off the ledge and into uncharted territory, with repercussions that we could have only imagined ten years ago. The third edition of the internet is Web3. It’s exciting to see how rapidly digital technology is opening up.

A vibrant community of open coders is creating this new web. It means that the internet is trustless, allowing users to interact directly with one another without intermediaries obtaining their information. Finally, it implies that everyone is invited to participate, with no need for a regulatory body.

Under the right conditions, Web 3.0 might bear more decentralized, open, and secure internet connections. Individuals, not corporations, and privacy rather than money must have sovereignty to make Web 3.0 a reality.

Verida is combining privacy data storage technologies with a web3 developer toolkit to help web3 builders develop decentralized apps (dApps) more quickly. To speed up the adoption of Web3, Verida is integrating privacy data storage solutions with a toolkit for building online identities.

In order to propel greater control over data and privacy, Verida Protocol’s alpha release is now live for Web3 developers. This release includes the Verida Client SDK, Single Sign-On (SSO) SDK, Storage Node and Verida Vault (iOS, request invite via Discord).

Transitioning from Web2 and Internet Innovations to Web3

The mid-2000s saw the emergence of cloud computing, smartphone technology, and social media in the form of Internet 2.0 innovations. Since then, data processing and collection have grown in popularity. Because there is little regulation on data harvesting and use, it has become a source of capital gains and marketing success.

This has been addressed by legislation such as GDPR and MiFID II in Europe, which have pushed governments to regulate the issue. In addition to stronger antitrust rules in the United States intended to protect consumer rights.

Nonetheless, the fundamental issue is that data is a precious resource. Data security, on the other hand, does not chime with big businesses’ objectives.

Privacy

When data is not properly protected, it is highly susceptible to losses, modifications, and breaches. Last year, approximately 4,000 data breaches resulted in the leakage of more than 37 billion records in the United States.

To run a successful company, many organizations must deal with numerous businesses. For example, when a bank requires information on a client’s payment history from a loan provider. When you copy data, a new duplicate is made. A mistake or faulty data might be reproduced or changed with this copy.

The current shortcomings of these centralized systems can be addressed by Web3. It’s possible that future technological developments on the internet will prioritize privacy.

To address this, Verida Datastore enables developers to quickly develop self-sovereign applications in which customers have control of their data. Web3 developers can benefit from this tool through user-controlled data, decentralized apps (dApps), and their respective technologies.

Web3 and decentralized identities

The creation of secure digital identities will be another key component of Web 3’s decentralization. The current model of internet identity verification on the internet is outdated and riddled with flaws. We must provide sensitive personal information to perform just about any activity online. There’s little control over how it’s conveyed and protected.

Decentralized identification tools already exist in the form of blockchain-based applications. These allow users to retain complete control over their personal data. They can then decide whether and when to share it by issuing access through private keys.

Conclusion

The project is a decentralized network of personal data owned and controlled by users, incentivizing them to unlock their information stored on centralized platforms. This data is also available to builders for new innovative web3 applications. Users can regain control and privacy over their personal data with Verida Protocol, which allows them to take complete control and anonymity. Our users may benefit from their data based on their decisions and preferences.

The Web 3.0 model will allow customers to trade products and services without third parties, including online marketplaces and banks. People may also monetize their data and create more efficient business models for the benefit of everyone involved.

Outpaced By Solana; Economist Tells Why Ethereum Is Bound To Fail

By

Aliyu Pokima

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November 17, 2021

Outpaced By Solana; Economist Tells Why Ethereum Is Bound To Fail

A cryptocurrency analyst and Economist has foreseen the eventual decline of Ethereum as a network.
In its place, Bitcoin and Solana will win because of their stellar qualities and their simplistic approach.
Ethereum has been plagued by rising gas fees but has still managed to rack impressive feats over the last few months.

Alex Kruger thinks Ethereum is juggling a lot of balls and that will ultimately lead to its failure. His theory has sparked a series of discussions into Ethereum’s future in the cryptocurrency ecosystem.

Ethereum of All Trades

Alex Kruger, a veteran trader has voiced his concerns over Ethereum’s future in the coming years. The economist worries that the second-largest cryptocurrency is doing a lot simultaneously and could be the perfect recipe for failure.

“Bitcoin + Solana > Ethereum. It’s just common sense. Ethereum is trying to do it all itself. That’s how you fail. Bitcoin will always be safer and more decentralized. Solana will always be faster and cheaper,” he tweeted.

Ethereum’s wide use case scenario, ranging from DeFi, DApps, and NFTs has seen it rise to occupy over 19% of the crypto market. Being a first mover, Ethereum has often adopted a trial and error method which is evident in the network’s over 13 hard forks in under 7 years. Then, there’s the problem of soaring gas fees that threaten the very existence of the network, leading to the herculean transition to Proof-of-Stake – Ethereum 2.0.

Kruger’s theory was supported by Dan Held, Growth Lead at Kraken who said that the Ethereum scenario is the “classic startup problem of trying to do/be everything at once, but not doing one thing really well.” Kruger’s hypothesis may stem from the fact that Bitcoin has performed spectacularly well in its role as a decentralized network while Solana zeroed in on costs, speed and scalability. Bitcoin’s simplicity has seen it become the leading crypto asset for over 12 years while Solana’s features have seen it climb up the crypto ladder after a stellar performance in 2021.

Is This Always The Case?

Kruger’s comments drew the ire of Ethereum’s supporters as they poked holes in the theory. They argue that Ethereum will survive the test of time because of its “nimbleness” and innovativeness. The thriving layer 2 ecosystem on Ethereum building upon the solid foundation is an indicator that the network would succeed.

Other pointers include the network recording its first consecutive week of deflationary issuance and the giant strides that it has taken towards the switch from Proof-of-Work to Proof-of-Stake. Like Bitcoin and Solana, Ethereum has set multiple all-time highs in recent weeks and has set its sights on $5K. Goldman Sachs predicts that Ethereum at $8K before the end of the year is in play.

Market Pundit Pokes Holes In Possibility Of Bitcoin Tapping $100,000 Before Year-End

By

Newton Gitonga

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November 17, 2021

With the expanding adoption of Bitcoin and most recently, the Taproot upgrade which brings smart contract capabilities, secure and efficient transactions to the network, there is no doubt that most investors are bullish on the most successful cryptocurrency.

“Not Too Fast”

Despite the growing enthusiasm to see price hitting $100,000 or higher by December 31^st, Nicholas Merten is doubtful that Bitcoin could achieve this level within one and a half months.

According to the Digifox Finance C.E.O, “Hate to say it, but I’m 100% confident we won’t see Bitcoin hitting $100,000 by the end of the year.”

Although Nicholas asserts that he is generally bullish on Crypto, he tweets that investors might have to wait longer saying that hitting $100,000 in Q1 or Q2 of 2022 is plausible. “Could it happen in Q1? Sure; Could it happen in Q2? Easily” He adds.

Doing simple calculations, he reminds the crypto community that Bitcoin would have to add $661 Billion to its current market valuation to reach a six-figure, a herculean task for such a short time. This, he notes, would be equivalent to the last four months of gains, a scenario that he doesn’t see unfolding as we click closer to year-end.

Even worse, he finds those calling for $200,000 Bitcoin by EOY laughable.

“And for those calling for $200,000 Bitcoin by EOY, I don’t know what to tell you,” he says, “In this cycle, I’m confident we’ll reach $200,000. But these levels in price won’t be achieved until Q3-Q4 2022, easily.”

He calls on people to have realistic expectations and not be blinded into thinking that price only prints north. He reminds them that although he is bullish on crypto, his past experience with price behavior has taught him how to set his expectations with the reality of historical performance.

Bitcoin Shaky “In The Short Term”

With Bitcoin’s price having fully recovered from May’s shed, temporary “breathing out” is expected from its current range according to market strategist Gareth Soloway.

According to the expert who has on previous occasions predicted that Bitcoin could pull back after hitting an ATH, it would take great effort to push the price past $65,000 to $100,000 before this year lapses. “The last thing an investor wants to do is jump in right at the highs” he warns.

Following Taproots’s debut on Sunday, Bitcoin’s price remains unwavering, trading above $60k even as Traders continue nail-biting at a feeble weekly close.

Functionality Of AIwork, The AI Networking Platform

By

Livine Sanchez

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November 17, 2021

Functionality Of AIwork, The AI Networking Platform

In today’s day and age, two terms are synonymous with disruptive and game-changing technologies. They are blockchain and Artificial Intelligence (AI). Both technologies have different use cases and serve different industries. However, there is a growing consensus that, eventually, there will be a convergence between the two, with blockchain technology and Artificial Intelligence working in tandem for multiple uses.

What is Blockchain Technology?

To define it briefly, blockchain is an immutable, shared ledger that provides an immediate and transparent exchange of encrypted data to parties that initiate and complete transactions. The blockchain essentially keeps track of payments, transactions, transaction history, and other details.

Users can look at the history of all transactions on the blockchain, providing security through open access to this immutable record. Any record of value can be tracked or traded on the blockchain, reducing risk for all involved.

What is Artificial Intelligence?

Artificial Intelligence uses data, computers, and machines to mirror the decision-making and problem-solving capabilities of humans. Artificial Intelligence also refers to machine learning, which utilizes AI to analyze data and make predictions. In this sense, AI also learns from the data provided to it to become smarter and more efficient in its problem solving and prediction capabilities. It has several benefits, such as improved decision-making and automating repetitive tasks.

What is AIWORK, and What Problems Does it Solve?

AIWORK focuses on the problems of the online video content space. It is an open-source and decentralized blockchain protocol built on a consensus network consisting of a large community of human experts and AI computing resources. This network provides high-quality metadata, content titles, and tags for online videos, addressing the current issues of inconsistent, unreliable, and poorly indexed metadata. These issues lead to inaccurate content discovery, hurting both creators and viewers.

AIWORK is notable, as it combines human experts and AI computing resources to create normalized, enhanced, and consistent metadata at scale. The inclusion of human experts acts as a check, to make sure the AI sources are working properly and continue to learn from the right datasets, to make sure that the AIWORK network will only continue to become better and better.

AIWORK also allows developers to build and deploy decentralized applications (dApps) on AIWORK. And, participants who run AI nodes are rewarded with AIWORK tokens.

The AIWORK Approach

AIWORK’s approach to the problem of online video content involves using its blockchain protocol, composed of both human experts and AI computing resources. As mentioned before, this helps generate enhanced, accurate, and consistent metadata that is verified by people, but can still be made at scale, by relying on computers. AIWORK is also creating a search engine dedicated to video content.

While other search engines for videos exist, they all have several issues. On top of improving the discovery of the AIWORK search engine with better metadata, AIWORK is also looking to decentralize the online video space. Their decentralized video search engine will be managed by the community, giving control back to users relying on blockchain technology. The team at AIWORK believes that there is too much centralization on the Internet, creating imbalances in how information is shared and promoted. By decentralizing a search engine for videos, they can remove many traditional gate-keepers for the space and create a community-driven platform.

How does AIWORK Function?

AIWORK will deploy specialized AI algorithms on AI nodes. GPU and CPU resources from these nodes will be used to scan the media files of videos to generate consistently, enhanced, and normalized metadata. Beyond simple metadata, AIWORK will also include translations, categories, classifications, transcripts, and time-coded tags. Since it’s an open network, anybody with the required computational resources can join the network and participate.

Video objects will be assigned unique identifiers using the Entertainment Identifier Registry (EIDR). This registry provides unique identifiers for the entire range of audiovisual object types. The metadata will be recorded by the nodes in JSON format and anchored to the Ethereum blockchain. However, the metadata will not be directly stored on the blockchain, but instead, linked to it through each video’s EIDR identifier.

AIWORK’s ContentGraph

Ratings for safety, for both viewers and advertisers, are increasingly important. AIWORK addresses this with their critical feature, ContentGraph. This content safety index will allow AIWORK to assign a confidence score after analyzing different safety attributes.

The increase in both the quantity and consumption of online videos has made it difficult for platforms to review all of the content they host. This leads to several issues when it comes to safety and inappropriate content. AIWORK’s ContentGraph will flag videos as inappropriate, again relying on the combination of AI and human experts. ContentGraph can also provide scene-by-scene monitoring so that only specific scenes can receive a low-confidence rating. This scene-level detection and metadata will be used to define inappropriate scenes for children and advertisers.

Decentralizing the Online Video Space

AIWORK plans to decentralize the online video space through the following steps:

AIWORK will utilize crowd-sourced computing resources, which would allow it to handle demand fluctuations while also mitigating the protocol’s environmental impact.
AIWORK’s combined approach to verification allows the protocol to achieve optimum levels of functioning. AI increases the volume that can be analyzed, while human experts help the protocol overcome the shortcomings of AI.
AIWORK’s normalization and standardization of metadata return better results for users’ queries. This also benefits online video platforms by making their content more easily discoverable.

Closing Thoughts

AIWORK is targeting multiple problems in the online video space through a unique approach. Their reliance on blockchain enables them to not only create a network of AI computational resources and human experts to create standardized metadata, but to make that network open and build a decentralized video search engine. And, by including the ContentGraph and a score on a scene-by-scene basis, advertisers and viewers can enter the network with greater confidence. Through this approach, AIWORK is tackling both discovery issues and the centralization in online videos.

The Race To Hedge Against Inflation Intensifies As Jordan Peterson Reveals He “Bought Some More Bitcoin”

By

Olivia Brooke

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November 17, 2021

Research Finds Four In 10 Consumers Have Invested In Or Bought Crypto

Key takeaways

Canadian psychologist reveals he bought some more Bitcoin to hedge against inflation.
Inflation has become a global concern since the economic shutdown predicated by the pandemic.
Bitcoin continues to advance in adoption as an inflation hedge.

Inflation concerns have been highly prevalent recently. Amidst the growing agitation, Bitcoin is increasingly becoming the inflation hedge of choice for a lot of investors. This sentiment is widespread across various categories of individuals as comments show. The latest figure to express his preference of Bitcoin as an inflation hedge is Canadian psychologist, Jordan Peterson. The celebrated psychologist revealed that he had “bought some more Bitcoin” to counteract the effects of inflation.

He made the revelation on Twitter after the publication of his interview with best-selling author, Ammous Saifedean.

Peterson first became convinced of Bitcoin about 3 months ago when he interviewed notable Bitcoin proponents including John Valdis, Richard James, Gigi Der, and Robert Breedlove about the pioneer cryptocurrency specifically.

Inflation continues to trouble markets globally

Peterson’s disclosure of further Bitcoin purchase is coming to a time that inflation figures are at eye-popping levels in the U.S. According to data from the U.S. Bureau of Labor Statistics, the inflation rate in October stood at 6.2% – its highest level since the early ’90s. The inflation rate has been rising steadily this year as it becomes a pain point for investors globally.

The Biden-led U.S government is receiving a great deal of criticism for its handling of the inflation situation in the world’s biggest economy. In particular, the U.S. Federal Reserve has been called out for its plans to allot more money to fund governments’ planned expense. One such planned spending is the highly controversial $1.2 trillion bipartisan infrastructure bill that is being talked up to be a solution to the inflation worries and a way to help the economy “build back better.”

A lot of critics consider excessive money printing to be part of the causes of the current inflation problem and think more money printing will only aggravate the situation. Key industry figures including the chief economic advisor of Allianz, Mohamed El-Erian have weighed in on the situation. Speaking with CNBC, he stated that the federal reserve was “losing credibility.”

Bitcoin continues to gain traction as an inflation hedge

With growing concerns about inflation, which reduces the purchasing power of money by increasing the prices of goods and services, more people are likely to seek out Bitcoin which has a proven track record of being able to compound value over time instead of losing value.

Bitcoin seems to be the most promising inflation hedge due to its limited supply. The projected inflation rate of Bitcoin for next year is 1.78% according to data from Bitcoin-focused data site Case Bitcoin. For the U.S., inflation is projected to go even higher come to the turn of the year according to Kiplinger, a leading economic forecaster.

Even among the very rich, the prospect of losing purchasing power isn’t welcome. Elon Musk, the world’s richest man, recently described inflation as the “most regressive tax of all.”

SportFi gaming and NFTs project Receives $1.5 million in Successful Funding Round

By

Livine Sanchez

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November 17, 2021

SportFi gaming and NFTs project Receives $1.5 million in Successful Funding Round

As part of its latest financing round, a blockchain-based gaming, non-fungible token (NFT) marketplace, and DeFi platform called SportFi has raised $1.5 million. The company plans to use the cash injection to improve its product and market it so that more people get familiar with the features of blockchain-based NFTs.

Moon Carl and Exnetwork Capital, as well as other important strategic investors and partners, assisted the private fundraising round. SportFi was also backed by other investors including Millionaire Mentor, RedHat Capital, Golden Shoval Capital, Mars Academy, YouClout, Money King, Evan Singh Luthra, AnyPad, Yellow Road, LPI DAO, OIG Capital DCT, among other investors.

Gamers on SportFi Gaming & NFTs ecosystems will have the option to invest their tokens into a variety of crypto spaces that are all part of the same ecosystem. Gaming on the blockchain has become very popular in recent years. It is now easy to invest in games with cryptocurrencies, as there are now many platforms that offer gamers the opportunity to participate in different projects.

The new SportFi project basically aims at providing a decentralized platform where gamers can trade in-game assets, crypto collectible cards, and smart contracts between players.

SportFi Gaming is a dApp that offers gamers the chance to win real money without the need for third-party gaming operators. It combines Decentralized Finance (DeFi) with NFT gaming to create a fantastic gaming experience for players. The NFT ecosystem on Sportfi follows a DeFi model, which isn’t seen very often in platforms like this. The ecosystem consists of SportFi games (both simple and complex), the NFT Marketplace, Farming, and decentralized land.

Combining gaming NFTs and DeFi experience

NFTs are characterized by being indivisible, unique, and non-fungible. They are also recorded on the blockchain so they can’t be forged or counterfeited. SportFi aims to appeal to gamers who don’t have the money to invest in traditional games but still enjoy gaming. It also targets gamers who already own tokens and don’t know what to do with them other than trade.

DeFi on the other hand is the decentralized financial system that uses smart contracts to deliver low-cost loans without third parties. It also aims at providing interest rates for investors and prevents them from getting duped by intermediaries.

When you combine these two different fields, the end result is a unique blockchain-based experience that lets players earn real money in exchange for their in-game assets. Gamers who already own tokens will be able to use them to participate in decentralized games or place bets on other platforms.

Tokenizing the gaming economy through NFTs

SportFi aims to tokenize the gaming economy with blockchain-based assets (non-fungible tokens). This means that players can use these cards, which are unique and cannot be duplicated, to place bets on other platforms. The company also provides a decentralized marketplace where gamers can buy and sell their NFTs.

Despite all of the good news in the financial sector, both NFTs-focused firms and Defi have experienced a lot of growth in recent years, with several beneficial changes taking place.

In a DeFi ecosystem, gamers can take out loans backed by their crypto assets to buy items, weapons, and skins. This way, they can earn real money without the need for intermediaries or middlemen. Since all transactions carried out on the platform are recorded, gamers can also earn interest in their investments. All of these benefits made the project very popular among investors, who supported it with a $1.5 million capital injection.

NFTs allow players to create value for their assets by engaging in the larger gaming economy. The platform basically enables gamers to play their favorite games and earn tokens, which they can then use to invest in DeFi services such as lending.

Bitcoin’s Long Term Holder Indicator Turns Red For The First Time In Six Months — Here’s What This Means

By

Newton Gitonga

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November 17, 2021

Poll Suggests Bitcoin Price Is Currently Too Low, Here's What That Means

Bitcoin’s Long Term Holder (LTH) indicator just flashed red for the first time in over 6 months but there is nothing to worry about according to Lead Insights Analyst, Will Clemente.

According to a Glassnode signal, Bitcoin’s bull market seems to have entered into a distribution phase, a signal first confirmed by the Long Term Holder Net Position indicator turning red. $C:\Users\Newton\Downloads\FD_8KSYXEAseKrR.jfif$

This comes even as Bitcoin climbed earlier last week topping a $69,000 all-time high before pushing back in the wake of a U.S. economic calendar data-filled week.

“All is Well”

According to the Pundit, “We’ve just gotten our first red prints on LTH net position change in over 6 months, showing bull market distribution has begun.”

The distribution phase denotes a temporary halt on a bull mark-up as price enters into another range period signifying profit-taking. This phase is the opposite of an accumulation phase in a bear market. Despite the slowdown, Clemente however clarifies that “we’re entering the main phase of the bull market.”

The current tight range exhibited by BTC since topping out denotes that long-term hodlers have started selling into strength as they wait to buy on weakness.

Clement says that this is “a natural bull market behavior” pointing at a similar scenario in 2020 when after a spirited run-up, price entered into a similar distribution phase in October which ran into January 2021 before breaking out higher.

BTC Funding Rates Dwindle, LTHs Still Going Strong

Despite this glaring disclosure, data from Glassnode insights still shows that BTC funding rates have calmed down across the board and a lot of the greed in the Bitcoin market has been neutralized, for now.

Generally, Bitcoin continues to stay strong consolidating in the $59-$60k zone, holding onto roughly 55% of October’s avails. On-chain activity has also stayed below all-time highs and marginally above bear market levels which is a good indicator going by previous cycles.

There has also been a gradual decrease in exchange activity as outflows have increased, signifying more traders opt to hold the asset for the long term.

According to Glassnode’s analyst who identifies under the moniker ‘CheckMate’, “This combination of strong supply dynamics and relatively low network activity points to a fairly constructive outlook for Bitcoin over the coming weeks”.

Currently, Bitcoin is trading at $59,258 having shed about 12% gains in the week.

The Holiday Meme Token – Tipsy Santa (TIPSY)

By

PR DESK

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November 17, 2021

The Holiday Meme Token - Tipsy Santa (TIPSY)

Over the past years, one of the most critical innovations in the continuously growing Cryptocurrency industry has been meme coins. Meme coins became famous because of the influence of Elon Musk on Dogecoin (DOGE). The rise of Dogecoin – which grew more than 7,000% in sales this year, thereby attracting people to meme coins – has led to the creation of a wide range of other meme coins such as Safemoon Shiba Inu (SHIB) and many others.

With that said, Tipsy Santa (TIPSY), is the first-ever holiday meme coin for the holiday season. Tipsy Santa (TIPSY) is another meme coin taking the crypto market like a storm and overrunning others in its category. If you’re getting to know Tipsy Santa for the first time, here is everything you should know.

What is Tipsy Santa?

Tipsy Santa (TIPSY) is an evolution in Web 3.0 blockchain gaming combining smart contract-based contests with state-of-the-art gameplay. Tipsy Santa (TIPSY) is bridging the gap between Game-Fi and meme projects. By combining the power of memes with real-world utility and charitability, Tipsy Santa gives the power to the token holders. Tipsy Santa is on a mission to build and release the most epic gaming platform to date.

Tipsy Santa (TIPSY) is a meme token introduced in November 2021 that was strategically launched around the holiday season to align with the project’s long-awaited game release and quickly developed its solid online community within days. Tipsy Santa is known as “the meme token that combines real-world utility with meme quality content. It differs typically from other meme coins because of its unique tokenomics and real-world use cases.

Coin Market Cap Listing info

Game-Fi meets Memes – Crypto Crash

Battle, Win, Earn against the rest of the world with your favorite crypto projects and characters in this blockchain-enabled racing game. Supporting real crypto payouts for multiplayer racing, battle mode, and league mode, are you sure you have what it takes to be #1

The competition is fierce!

View the game trailer here

Santa’s Sack Lottery

Tipsy Santa has allocated 10% of the total supply to providing his token holders with a weekly lottery. Each lottery will select one lucky holder with $10,000.

Tipsy Santa Charity

Tipsy Santa and his devoted elves are on a mission to help the less fortunate through creating real-world utility and use cases for Tipsy token holders. 2% of every transaction is allocated to a Santa’s gift-giving bag which will be dispersed to charities across the globe.

Final Thoughts

In less than a week- Tipsy Santa has gained mass adoption and interest from crypto communities across the Globe. Investing in crypto projects without a defined use case always poses a risk, why not look at Tipsy Santa which already has real-world use cases with top-notch meme token qualities.

Tipsy Santa (TIPSY) has recently started trading on pancake swap View the pairing here.

Tipsy Santa is one of the top Cryptocurrency meme coins by market cap and was designed to put the community members first. Since its launch in November, Tipsy Santa (TIPSY) has been adopted by thousands of crypto communities in a matter of days, thereby outperforming numerous meme coins in the process. Don’t miss the next big meme project!

Join the Tipsy Santa (TIPSY) community:

http://tipsysanta.io

https://twitter.com/tipsy_santa

https://t.me/tipsysanta

Gate.io’s NFT Magic Box Launches BugPunk NFT Mystery Eggs

By

PR DESK

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November 17, 2021

Gate.io’s NFT Magic Box Launches BugPunk NFT Mystery Eggs

Leading digital asset exchange, Gate.io has announced a partnership with BugPunks to launch their unique NFTs on Gate.io’s dedicated NFT Magic Box platform. After the recent launch of NFT Magic Box’s ‘Official Portfolio’ certification programme, the company partnered with BugPunk to authenticate and launch on the platform in the form of Mystery Egg NFTs.

“NFT Magic Box has continued to grow since being launched earlier this year. We recently launched our own OpenPunks series as one of the first community-driven NFT collections in the world, which has proven very successful with our users. Recently, we launched the ‘Official Portfolio’ certification program together with blockchain interoperability, allowing popular NFT collections to be authenticated and traded on the platform, the first of which being Bored Ape Yacht Club (BAYC),” said Marie Tatibouet, Chief Marketing Officer at Gate.io.

By partnering with BugPunks, Gate.io once again shows its commitment to the growth of the global NFT market. The company will allocate resources to promote the BugPunk Mystery Eggs NFTs, providing access to quality traffic, promotional material, and a dedicated creators fund. Gate.io firmly believes in promoting artists and their artwork.

The BugPunks collection was created with environmental protection in mind, believing there are more sustainable ways for humans to interact with nature. BugPunks use a beetle pattern to highlight its focus and commitment to mother nature, hoping that the series of NFTs will inspire people to pay attention to the bond between humans and nature.

Gate.io’s NFT Magic Box marketplace has grown immensely since being launched earlier this year. Built on Gate.io’s own GateChain ecosystem, the platform allows creators to mint new NFTs for free, cutting the barriers to entry and incentivizing artists to focus on what they do best; create great art.

About BugPunks

BugPunks is an environmental protection project. The inspiration comes from the thought of a sustainable relationship between man and nature, with the vision of becoming an international NFT project. BugPunks uploads the collection of original beetle patterns to the blockchain network through GateChain, in the form of NFTs. BugPunks aims to encourage people to protect biodiversity, while at the same time, becoming a profitable asset.

About Gate.io NFT Magic Box

Gate.io NFT Magic Box is the world’s first centralized NFT trading platform. It consists of two parts: a pioneering creation platform and an auction trading platform. The trading market covers collectible NFT works in a wide range of fields such as games, music, art, and sports. It supports auctions and immediate transactions, with the help of GateChain’s interoperable public chain as the main chain. GateChain is compatible with Ethereum ERC-721 and ERC-1155 protocols, as well as TRON TRC-721 and BTFS protocols. Gate.io is committed to creating the world’s top NFT coin creation, promotion, and auction trading platform.

Ripple Releases Its Proposed Framework For Regulating Cryptocurrencies In The US

By

Brenda Ngari

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November 17, 2021

Ripple Board Hires Former Regulatory Expert For JPMorgan To Provide Counsel For The Company’s Next Phase

Ripple today published a proposal stipulating regulatory standards that would define the trajectory of cryptocurrencies and digital assets. According to an announcement by the San Francisco-based fintech firm, the proposal hopes for a regulatory landscape that taps into the unutilized potential of crypto and blockchain technology.

Ripple’s Vision For Cryptocurrency Regulation

Ripple, the company behind XRP and whose executives have on multiple occasions lambasted the United State’s lack of regulatory clarity in the crypto industry, shared its legal framework seeking to bolster innovation while safeguarding the interests of investors.

The proposed framework titled “A Real Approach to Cryptocurrency Regulation”, presents a number of measures that can provide regulatory clarity to the industry entities, consumers, and other market participants. Ripple believes an effective policy framework can be attained by collaboration and communication between the public and private actors. Ripple is open to having open dialogues with policymakers and offering its expertise regarding crypto-focused policies.

“That is the reason why we have proactively discussed the issue on a bipartisan basis with regulators and members of Congress. These conversations have helped shape our perspective on the type of regulatory clarity the industry and broader ecosystem need from regulators, as well as the type of requirements regulators should demand from the industry,” Ripple’s Head of Public Policy Susan Friedman added.

Ripple went on to cite a key example of this kind of active dialogue, the Eliminate Barriers to Innovation Act, a bill that was passed by House Reps in April but is pending in the Senate. The regulation demands the establishment of a crypto working group for the United States Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and fintech companies.

Ripple also suggested that the existing regulatory framework under which the legacy financial services industry is governed may be applied to crypto assets — but with a few modifications to better fit the unique characteristics of the burgeoning sector.

Lastly, the company advocated for fostering innovative sandboxes that would allow network developers to build for a given period of time without being constrained by strict federal securities laws. Congressman Patrick McHenry proposed a safe harbor bill for digital currencies that bears some similarities to a proposal previously outlined by pro-bitcoin SEC Commissioner Hester Peirce.

US Regulators And Crypto Companies

Instead of taking the regulation-by-enforcement approach, Ripple is convinced that the above-mentioned proposals will boost innovation as well as the growth of the crypto industry in the US.

In October, Coinbase urged Congress to replace the SEC with one federal regulator who will oversee the crypto industry. Notably, both Coinbase and Ripple have had run-ins with the SEC in recent months.

While Ripple is still mired in a high-profile suit with the agency, Coinbase was forced to cancel the launch of its Lend product after SEC balked. Ripple execs have in the past suggested exiting the US to overseas where there are more friendly regulations.

The price of XRP, meanwhile, has failed to match the impressive gains of Solana and Shiba Inu but is nevertheless up by over 394.31% in the past year — higher than bitcoin’s 108.30% YTD gains. XRP is hovering at $1.10 as of press time, and its market cap was seventh among all crypto coins at around $51.99 billion.

How Battle Of Guardians is Revolutionizing The NFT Gaming Industry

By

Livine Sanchez

-

November 17, 2021

How Battle Of Guardians is Revolutionizing The NFT Gaming Industry

In the last few years, Non-Fungible Tokens (NFTs) have disrupted many industries, especially the gaming sector, where players from around the world enjoy crypto gamification and financial rewards.

Blockchain technology in NFT gaming ensures player ownership, rarity, interoperability, and immutability. It’s fueled by NFTs, digital assets that represent in-game assets. As such, gamers are allowed to use these NFTs as characters, commodities, special abilities, and other tradable objects in games. And also to generate additional revenue in-game.

According to research, the global NFT gaming market will value around $200 billion by 2023. The overall capitalization of the NFT market, meanwhile, is expected to hit over $22 billion in 2021. The boom of NFT gaming has created an increasing community of gamers, crypto investors, and NFT enthusiasts, who are all looking to cash in on the NFT gaming craze and its many benefits. One of such groundbreaking NFT gaming projects that are revolutionizing the traditional gaming space is the Battle of Guardians — the next-gen blockchain multiplayer game NFT.

Battle of Guardians (BOG) is the first real-time multiplayer NFT fighting game developed in the unreal engine and built on the Solana network. In this play-to-earn gaming platform, players engage in fierce multi-realm battles in an expansive game world. BOG is advanced one-on-one combat where players are in a constant battle to defeat other opponents to earn more rewards.

The Battle Of Guardians aims to build a stable gaming economy with long-term potential and an ever-expanding Fighting Game Metaverse. The platform provides a fun and entertaining gaming metaverse with exciting graphics, unique NFTs, and multiple opportunities to acquire real-life revenue.

Battle of Guardians Key Features

Here is a glimpse of Battle of Guardians key features:

In-Game Currencies

Battle of Guardians Share ($BGS) and Fighting Points ($FP) become the official currencies of BoG. The dual token model will help themselves to be more valuable and become worthy rewards for players. $BGS, our main currency, is useful for purchasing NFT characters, staking, and governance. $FP, our secondary currency, is useful for purchasing NFT characters, synthesizing NFTs, and entering tournament mode/bout.

NFT Marketplace

Our own marketplace exclusively to drop our NFTs and have them ready to fight! Players can buy and sell their obtained NFTs in this secondary market.

NFT Synthesis

Combine your NFT characters together to obtain a new higher-tiered character.

NFT Renting

Keep your NFT assets active even when you’re not playing it. The renting system allows owners to rent their fighters to people through the marketplace. Everybody earns in NFT Renting!

Scholarships

Our invitations are open for guilds! Let’s collaborate in our systemic model of scholarship. Guilds and scholars can all relax and play, we will take care of the split.

Staking

Stake $BGS to earn more and join the development of the game.

Another exciting feature is that we have the tournament mode where players can instantaneously create a matchmaking lobby consisting of 8, 16, or 32 players. They are expected to make a deposit prior to joining the tournament, and then fight against each other in a knock-out system. In this tournament, the winner takes all.

Players are allowed to participate in one of three game modes:

Story and Training: It’s a PvE Mode to increase the level of players and learn basic and complex techniques.
Battle Arena: It’s a PvP Mode that allows gamers to compete with other players and earn rewards.
Bout: It’s a tournament mode with a knock-out system. The winner takes all the reward.

In this game, there are three unique characters — Human (Warrior of hope), Guardians (Protector of the earth), Demons (Embodiment of doom). The guardians protect the earth from demons who threaten its peace. And now the epic war to save humanity has begun. It’s left for players to decide who is a predator and who is prey through combat.

Ultimately, the Battle of Guardians gaming metaverse is a paradigm shift for players around the world. It’s ushering in a new gaming field where players can participate in fighting tournaments, and also earn crypto and non-fungible tokens while having fun. As such, gamers can take advantage of its high playability, unique economic model, and fascinating reward system, to experience a new era of blockchain-based gaming platforms.

OneRare building first ever foodverse with fresh $2M funding

By

Livine Sanchez

-

November 17, 2021

OneRare building first ever foodverse with fresh $2M funding

The world’s first ultimate food metaverse, OneRare, announced that it has raised $2M in seed and private funding from major venture capital firms. OneRare is designed to create an immersive gaming experience for foodies while onboarding the global F&B industry onto the blockchain for the first time.

According to the official press release from the firm, the new funds will be used to develop OneRare’s foodverse as a leading player in the cryptosphere. The fresh infusion of cash, as per the announcement, will be crucial in improving the product features and collaborating with celebrity chefs & restaurants to propel greater growth.

OneRare’s Foodverse to appreciate global food cultures and diversities

On the successful fundraise, Supreet Raju, CEO of OneRare, noted that the Foodverse was meant to appeal to a broader audience, appreciating global food & culture, diversity, and fostering an enthusiastic community of foodies and gamers.

“With the support of our current investors and advisors, we are striving towards bringing food to the blockchain industry. This is just the beginning as we aim to bring the traditional food industry to the Play2Earn sector in the most gamified and exciting way possible,” she adds.

Several well-known venture capitalists from the crypto sector took part in this funding round. Arkstream Capital, Momentum 6, StableNode, Everse Capital, Exnetwork Capital, Kangaroo Capital, Tag Ventures, Maven Capital, 1010 Capital, CSP DAO, Skyman Ventures, FF Ventures, ZBS Capital, and Lucid Blue Ventures, are a few of the participating names.

The revolutionary project has also received substantial backing from seasoned investors and angels, including Sebastien Borget from The Sandbox, Sandeep Nailwal from Polygon, Ravindra Kumar from Frontier, Nischal Shetty from WazirX, Edmond Truong from Formation Fi, Tarun Jaswani of Unbound Finance, Shashwat Gupta of Altcoizbuzz, Prakash Somosundram of Enjinstarter, and more.

Metaverse is coming, and it is a big deal

The Metaverse is a term used to describe other digital universes where people work, play, and socialize. You may call it the Metaverse, the Mirror society, the AR Cloud, the Magicverse, or the Spatial Internet; but one thing is certain: it’s on its way and it’s massive.

Blockchain metaverses are on the verge of becoming the world’s most ambitious version of the internet. Various industries are looking at possibilities and new ways to expand in this thriving market, and OneRare is developing its own distinct design as a different approach to the virtual world.

OneRare is developing a Food-inspired metaverse for the global food and beverage industry, developing the first tokenization layer that celebrates food in Web3 by creating an immersive and gamified experience for users worldwide.

Blockchain is now being employed in the digital realm to tackle real-world issues. The food sector has not been immune to this invasion, and blockchain technology is at the center of many initiatives to improve how food is purchased, sold, traded, or consumed. Building a metaverse for Food is the beginning of this future.

DOEX Set To Become First Cardano Blockchain-Based DEX

By

ZyCrypto Staff

-

November 16, 2021

DOEX Set To Become First Cardano Blockchain-Based DEX

AMM-based decentralized exchange DOEX has announced that it is set to actualize its longtime goal of becoming the first Cardano blockchain-based DEX.

In a bid to achieve its stated goals, the team behind DOEX revealed they are making necessary moves and deploying necessary infrastructures to develop the platform in preparation to become the first Cardano Blockchain-based DEX.

DOEX highlighted this as its vision saying;

“Our vision is to become the first Cardano-based DEX, ensuring interoperability across chains and allowing for the seamless swap of tokens both on the Cardano blockchain and other ones like Ethereum via a fool-proof bridge or converter. This is part of our extended vision of laying a solid background for extended business and expansion opportunities. Our long-term objective is to be the one-stop shop for DeFi services on the Cardano blockchain, including but not limited to, staking and asset management.”

Despite Cardano’s highly ranked status in the blockchain industry as a top-performing blockchain network, the platform is still yet to have a running native Decentralized Exchange (DEX) as commonly found in other blockchain networks.

Hence, the Cardano network has been lagging behind in this regard as it is considered to be far behind the top three blockchains when it comes to DEX daily wallet activity. It appears that its superior technology, pent-up demand, and visionary leadership are not enough to make it rival other networks with efficient DEX performances.

Fortunately, DOEX’s efforts to become the native decentralized exchange of the Cardano network will put an end to these lapses.

DOEX DEX to Launch in Late 2021

The new development will see DOEX becoming the decentralized exchange on Cardano tagging it as DOEX DEX.

Per the announcement, the DOEX DEX is scheduled to launch by the end of the year but there is no definite date for the launch yet.

Kryptomon to list its KMON token on Gate.io in partnership with its first Tier-1 CEX

By

Guest Author

-

November 16, 2021

Kryptomon to list its KMON token on Gate.io in partnership with its first Tier-1 CEX

Kryptomon is pleased to announce its token $KMON on Gate.io, following the sale of its first Legendary Kryptomon for an eye-watering $49,700 in the first-ever Kryptomon auction, the Kryptomon team seem to have no intention of resting on their laurels.

In an overwhelming outpouring of support from Binance users worldwide, not only did all 2000 Kryptomon Mystery Boxes sell out on the BinanceNFT marketplace in a reported 0.27 seconds, those same mystery boxes have generated a trading volume of almost $1M on the secondary resell market just days after listing.

With that string of achievements, it wouldn’t be surprising if the Kryptomon team took a short break to pat themselves on the back for a job well done. That’s not the case however as the Kryptomon team doesn’t seem to show any signs of slowing down. In addition to the recent release of their new Whitepaper and website, they’ve recently announced their partnership with a Tier 1 Centralized Exchange (CEX) – Gate.IO.

Umberto Canessa Cerchi, Founder and CEO of Kryptomon, commented on the new listing: “We are proud to announce the first listing of our KMON token on a centralized exchange, and as we promised to our community, we believe that our existing and future investors will enjoy the various trading benefits and features that our top-tier partners Gate.io offer on their amazing and advanced exchange and that our community’s trading and investing experience will improve substantially by using Gate.io’s mobile trading apps and advanced desktop browser trading platform.”

Making KMON Accessible To All

On the 18th of November 2021, users will be able to trade the KMON token directly on the Gate.IO platform. As one of the top 10 centralized exchanges in the world that handles an average trading volume of $2 billion every day, Gate.IO is an excellent partner for Kryptomon’s first listing of its KMON token on a CEX. Not only will this introduce Kryptomon and the KMON token to Gate.IO’s 8 million-strong user base, but will also pave the way for future players to easily purchase KMON tokens directly on Gate.IO without the hassle and risk associated with DeFi trading.

In addition, due to its long-time partnership with fiat-to-crypto gateway company Simplex, the Kryptomon team is looking to bring forward its plans of integrating Simplex into the game before the end of 2021. This will once again make it much easier for millions of potential gamers and investors everywhere to get started as trainers will soon be able to make all Kryptomon related purchases (KMON, in-game powerups etc) directly in the game using their debit/credit cards, similar to popular games like Clash of Clans and PUBG today!

A Pioneer in the Crypto Gaming space

A common hurdle for crypto games today is their inaccessibility. A full 98% of gamers worldwide are not crypto-savvy enough to navigate the intricacies of DeFi, thus limiting their exposure to many up-and-coming crypto games. As promised in this Medium article, the Kryptomon team has removed this barrier of entry via its listing with Gate.IO and Simplex integration, allowing for anyone with a debit or credit card to easily get started.

With the Version 1 launch of their game expected at the end of Nov 2021, Kryptomon is definitely a gem in the rough to be keeping your eye on!

About Kryptomon

Kryptomon is an NFT Play-To-Earn blockchain game, where Pokémon meets Tamagotchi and CryptoKitties.

Set in the Kryptomon metaverse, community members play as ‘Trainers’ of their own individual monsters — Kryptomons — each of which is a completely unique digital asset connected to an NFT. Each has a unique but mutable genetic code made up of 38 randomized parameters that determine all of the aspects — physical and behavioral — of the creature.

This not only ensures that each Kryptomon is unique but also brings to life each Kryptomon as a digital companion in the Kryptomon metaverse. They are capable of learning, falling sick, getting hungry, and protecting their trainers when out on an adventure in the physical world. In turn, trainers will have to care for, feed, and train their Kryptomon partners in order to grow and prepare for the battles ahead.

Kryptomon aims to create the next step in the evolution of crypto-gaming by using advanced blockchain technologies, digital genetics, and location-based technologies.

So what are you waiting for?

Play and participate in the Kryptomon league to become the Kryptomon Metaverse Champion!

Social links:

Telegram: https://t.me/kryptomonofficial
Twitter: https://twitter.com/KryptomonTeam
Facebook: https://www.facebook.com/KryptomonTeam
Discord: https://discord.com/invite/hYRjSfsWXt

Contact: Tomer Warschauer Nuni
Role: Chief Marketing Officer
Email: tomer@kryptomon.co

Disclaimer: The views expressed are the author’s own and should not in any way be taken as financial advice.