metaverse

Chess fan? Then this metaverse will pretty much blow your brain. If this virtual world succeeds, it will be the metaverse we all dreamed of.

A London-based Extended Reality (XR) development studio is on the cusp of releasing a life-like tabletop metaverse. If you are a chess nerd, this is your metaverse. And it is free, which is everyone’s favourite price.

In development for over a year, canVERSE say they have used cutting-edge rendering technology to produce a hyper-realistic tabletop gaming experience.

Charlie Hasdell is the CPO of canVERSE. “We set out to create not only the greatest-looking version of chess but also the first piece in our roadmap to the Metaverse.”

The first offering is Chess. The “Early Access” Beta is available to wishlist on Steam.

On canVERSE’s Community Discord server, they are asking their community to help sculpt their developmental roadmap. So now is the time to get involved if you love games like chess, backgammon and mah-jongg.

What is Metaverse Powered By? It's Not Only About Blockchain

What is Metaverse Powered By? It's Not Only About Blockchain

Binance Academy Binance Academy 02.02.2022 08:17
TL;DR The metaverse is a concept of a 3D digital world. It consists of virtual spaces that you can explore using an avatar you create. In the metaverse, you can play games, go shopping, hang out with friends at a virtual coffee shop, work with your colleagues in a virtual office, and much more. Some video games and work socialization tools have already implemented certain metaverse elements into their ecosystems. Cryptocurrency projects like Decentraland and The Sandbox already have their digital world up and running. However, the metaverse concept is relatively new, so most of its functionalities are still under development. Companies like Facebook (now Meta), Microsoft, and Nvidia have also started creating their versions of the metaverse. To offer an immersive metaverse virtual experience, tech companies are incorporating cutting-edge technologies to power the 3D world’s development. Such technologies include blockchain, augmented reality (AR) and virtual reality (VR), 3D reconstruction, artificial intelligence (AI), and the Internet of things (IoT).   Learn more on Binance.com Introduction The idea of a metaverse originated from Neal Stephenson in 1992. His science fiction novel Snow Crash envisioned an online world where people could use digital avatars to explore and escape from the real world. Decades later, big technology companies have started to build their own versions of a futuristic metaverse. What is the metaverse, and how are big companies approaching it on the technology front?     What is the metaverse? The metaverse is a concept of an online 3D digital world with virtual land and objects. Imagine a world in which you can work remotely, visit virtual museums to see the latest artworks, or join your fellow rock band fans at a virtual concert, all from the comfort of your home. Axie Infinity, The Sandbox, Decentraland have already incorporated certain aspects of the metaverse to bring multiple elements of our lives into online worlds. However, the metaverse is still under development. No one knows whether there will be just one big all-encompassing metaverse or multiple metaverses that you can travel around.  As the idea continues to develop, it’s expected to expand beyond video games and social media platforms. Remote working, decentralized governance, and digital identity are just some of the potential features the metaverse can support. It can also become more multi-dimensional via connected VR headsets and glasses, so users can actually walk around physically to explore the 3D spaces.   The latest development of the metaverse With Facebook changing its name to Meta in October 2021, the metaverse became the new favorite buzzword. To cater for its rebranding, the social media giant poured resources into a new division called Reality Labs to spend at least 10 billion dollars in 2021. The idea is to develop metaverse content, software, as well as AR and VR headsets, as CEO Mark Zuckerberg believes will be as widespread as smartphones in the future. The COVID-19 pandemic has also accelerated the interest in developing metaverses. There is an increased demand for more interactive ways to connect with others as more people have started working remotely. Virtual 3D spaces that let coworkers join meetings, catch up, and collaborate are on the rise. The Microsoft Mesh unveiled in November 2021 is an example. It features immersive spaces for users to mingle and collaborate using their avatars, making remote team meetings more engaging and fun. Some online games are embracing the metaverse as well. The AR mobile game Pokémon Go was among the first to tap into the concept by allowing players to hunt virtual Pokémons in the real world using a smartphone app. Fortnite, another popular game, has expanded its product to different activities inside its digital world, including hosting brand events and concerts.  Apart from social media and gaming platforms, tech companies like Nvidia have opened new opportunities in virtual worlds. Nvidia Omniverse is an open platform designed to connect 3D spaces into a shared universe to facilitate virtual collaboration between engineers, designers, and creators. It's currently being used across different industries. For instance, the BMW Group is using the Omniverse to reduce production time and improve product quality by smart manufacturing.   Key technologies that power the metaverse To make the metaverse experience more immersive, companies are using cutting-edge technologies like blockchain, augmented reality (AR) and virtual reality (VR), 3D reconstruction, artificial intelligence (AI), and the Internet of things (IoT) to power the 3D world.   Blockchain and cryptocurrency Blockchain technology provides a decentralized and transparent solution for digital proof of ownership, digital collectibility, transfer of value, governance, accessibility, and interoperability. Cryptocurrencies enable users to transfer value while they work and socialize in the 3D digital world.  For example, crypto can be used to buy virtual lands in Decentraland. Players can purchase 16x16 meter land parcels in the form of non-fungible tokens (NFTs) with the game’s cryptocurrency MANA. With the support of blockchain technology, the ownership of these virtual lands can be established and secured. In the future, crypto can potentially incentivize people to actually work in the metaverse. As more companies take their offices online for remote working, we might see metaverse-related jobs being offered. For a more in-depth exploration of these areas, check out What Is the Metaverse?.    Augmented reality (AR) and virtual reality (VR) Augmented reality (AR) and virtual reality (VR) can give us an immersive and engaging 3D experience. These are our entry points to the virtual world. But what’s the difference between AR and VR? AR uses digital visual elements and characters to morph the real world. It’s more accessible than VR and can be used on almost any smartphone or digital device with a camera. Through AR applications, users can view their surroundings with interactive digital visuals, similar to what we have in the mobile game Pokémon GO. When players open the camera on their phones, they can see Pokémons in the real-world environment. VR works differently. Much like the metaverse concept, it produces an entirely computer-generated virtual environment. Users can then explore it using VR headsets, gloves, and sensors. The way AR and VR work shows an early model of the metaverse. VR is already creating a digital world that incorporates fictional visual content. As its technology becomes more mature, VR can expand the metaverse experience to involve physical simulations with VR equipment. Users will be able to feel, hear and interact with people from other parts of the world. Considering the hype around the metaverse, we can expect more metaverse companies to invest in AR and VR equipment development in the near future.   Artificial intelligence (AI) Artificial intelligence (AI) has been widely applied in our lives in recent years: business strategy planning, decision making, facial recognition, faster computing, and more. More recently, AI experts have been studying the possibilities of applying AI to the creation of immersive metaverses.  AI has the potential to process a lot of data at lightning speed. Combined with machine learning techniques, AI algorithms can learn from previous iterations, taking into account historical data to come up with unique outputs and insights.  Within the metaverse, AI can be applied to the non-player characters (NPCs) in different scenarios. NPCs exist in almost every game; they are a part of the gaming environment designed to react and respond to players’ actions. With AI’s processing abilities, NPCs can be placed across the 3D spaces to facilitate lifelike conversations with users or perform other specific tasks. Unlike a human user, an AI NPC can run on its own and be used by millions of players at the same time. It can also work in several different languages. Another potential application for AI is in the creation of metaverse avatars. AI engines can be used to analyze 2D images or 3D scans to generate avatars that look more realistic and accurate. To make the process more dynamic, AI can also be used to create different facial expressions, hairstyles, clothes, and features to enhance the digital humans we create.   3D reconstruction While this is not new technology, the use of 3D reconstruction has been rising during the pandemic, especially in the real estate industry, as lockdowns prevented potential buyers from visiting properties in person. Therefore, some agencies adopted 3D reconstruction technology to generate virtual property tours. Much like the metaverse we imagined, buyers could look around potential new homes from anywhere and make purchases without even having stepped foot inside. One of the challenges for the metaverse is to create a digital environment that appears as close to our real world as possible. With the help of 3D reconstruction, it can create realistic and natural-looking spaces. Through special 3D cameras, we can take our world online by rendering accurate 3D photorealistic models of buildings, physical locations, and objects. The 3D spatial data and 4K HD photography are then passed to computers to process and generate a virtual replica in the metaverse for users to experience. These virtual replicas of physical world objects can also be referred to as digital twins.   Internet of things (IoT) The concept of the Internet of things (IoT) was first introduced in 1999. Simply put, IoT is a system that takes everything in our physical world and connects them to the Internet through sensors and devices. After connecting to the Internet, these devices will have a unique identifier and the ability to send or receive information automatically. Today, IoT is connecting thermostats, voice-activated speakers, medical devices, and much more to a wide range of data. One of the applications of IoT on the metaverse is to collect and provide data from the physical world. This would increase the accuracy of the digital representations. For example, IoT data feeds could change the way certain metaverse objects function based on the current weather or other conditions.  Implementing IoT can seamlessly connect the 3D world to a large number of real-life devices. This enables the creation of real-time simulations in the metaverse. To further optimize the metaverse environment, IoT could also use AI and machine learning to manage the data it collects.   Challenges of the metaverse The metaverse is still in its early stages of development. Some challenges include identity authentication and privacy control. In the real world, it's often not difficult to identify someone. But as people traverse the digital world in their avatars, it will be difficult to tell or prove who the other person is. For example, malicious actors or even bots could enter the metaverse pretending to be someone else. They could then use this to damage their reputation or to scam other users. Another challenge is privacy. The metaverse relies on AR and VR devices to offer an immersive experience. These technologies with camera capabilities and unique identifiers could eventually lead to undesirable leaks of personal information.     Closing thoughts While the metaverse is still under development, many companies are already exploring its potential. In the crypto space, Decentraland and The Sandbox are notable projects, but big companies like Microsoft, Nvidia, and Facebook are also getting involved. As AR, VR, and AI technologies advance, we will likely see exciting new features in these virtual, borderless worlds.
Metaverse Meaning and Facts. Some Would Say It's Like A Virtual Life

Metaverse Meaning and Facts. Some Would Say It's Like A Virtual Life

Binance Academy Binance Academy 01.02.2022 14:08
TL;DR The metaverse is a concept of a persistent, online, 3D universe that combines multiple different virtual spaces. You can think of it as a future iteration of the internet. The metaverse will allow users to work, meet, game, and socialize together in these 3D spaces. The metaverse isn’t fully in existence, but some platforms contain metaverse-like elements. Video games currently provide the closest metaverse experience on offer. Developers have pushed the boundaries of what a game is through hosting in-game events and creating virtual economies. Although not required, cryptocurrencies can be a great fit for a metaverse. They allow for creating a digital economy with different types of utility tokens and virtual collectibles (NFTs). The metaverse would also benefit from the use of crypto wallets, such as Trust Wallet and MetaMask. Also, blockchain technology can provide transparent and reliable governance systems. Blockchain, metaverse-like applications already exist and provide people with liveable incomes. Axie Infinity is one play-to-earn game that many users play to support their income. SecondLive and Decentraland are other examples of successfully mixing the blockchain world and virtual reality apps. When we look to the future, big tech giants are trying to lead the way. However, the decentralized aspects of the blockchain industry is letting smaller players participate in the metaverse’s development as well. Learn more on Binance.com   Introduction The connections between the financial, virtual, and physical worlds have become increasingly linked. The devices we use to manage our lives give us access to almost anything we want at the touch of a button. The crypto ecosystem hasn't escaped this either. NFTs, blockchain games, and crypto payments aren't just limited to crypto geeks anymore. They're now all easily available as part of a developing metaverse.     What’s the definition of a metaverse? The metaverse is a concept of an online, 3D, virtual space connecting users in all aspects of their lives. It would connect multiple platforms, similar to the internet containing different websites accessible through a single browser.  The concept was developed in the science-fiction novel Snow Crash by Neal Stephenson. However, while the idea of a metaverse was once fiction, it now looks like it could be a reality in the future. The metaverse will be driven by augmented reality, with each user controlling a character or avatar. For example, you might take a mixed reality meeting with an Oculus VR headset in your virtual office, finish work and relax in a blockchain-based game, and then manage your crypto portfolio and finances all inside the metaverse. You can already see some aspects of the metaverse in existing virtual video game worlds. Games like Second Life and Fortnite or work socialization tools like Gather.town bring together multiple elements of our lives into online worlds. While these applications are not the metaverse, they are somewhat similar. The metaverse still doesn’t exist yet.  Besides supporting gaming or social media, the metaverse will combine economies, digital identity, decentralized governance, and other applications. Even today, user creation and ownership of valuable items and currencies help develop a single, united metaverse. All these features provide blockchain the potential to power this future technology.   Why are video games linked to the metaverse? Because of the emphasis on 3D virtual reality, video games offer the closest metaverse experience currently. This point isn’t just because they are 3D, though. Video games now offer services and features that cross over into other aspects of our lives. The video game Roblox even hosts virtual events like concerts and meetups. Players don't just play the game anymore; they also use it for other activities and parts of their lives in "cyberspace". For example, in the multiplayer game Fortnite, 12.3 million players took part in Travis Scott's virtual in-game music tour.   How does crypto fit into the metaverse? Gaming provides the 3D aspect of the metaverse but doesn’t cover everything needed in a virtual world that can cover all aspects of life. Crypto can offer the other key parts required, such as digital proof of ownership, transfer of value, governance, and accessibility. But what do these mean exactly? If, in the future, we work, socialize, and even purchase virtual items in the metaverse, we need a secure way of showing ownership. We also need to feel safe transferring these items and money around the metaverse. Finally, we will also want to play a role in the decision-making taking place in the metaverse if it will be such a large part of our lives. Some video games contain some basic solutions already, but many developers use crypto and blockchain instead as a better option. Blockchain provides a decentralized and transparent way of dealing with the topics, while video-game development is more centralized. Blockchain developers also take influence from the video game world too. Gamification is common in Decentralized Finance (DeFi) and GameFi. It seems there will be enough similarities in the future that the two worlds may become even more integrated. The key aspects of blockchain suited to the metaverse are: 1. Digital proof of ownership: By owning a wallet with access to your private keys, you can instantly prove ownership of activity or an asset on the blockchain. For example, you could show an exact transcript of your transactions on the blockchain while at work to show accountability. A wallet is one of the most secure and robust methods for establishing a digital identity and proof of ownership. 2. Digital collectibility: Just as we can establish who owns something, we can also show that an item is original and unique. For a metaverse looking to incorporate more real-life activities, this is important. Through NFTs, we can create objects that are 100% unique and can never be copied exactly or forged. A blockchain can also represent ownership of physical items. 3. Transfer of value: A metaverse will need a way to transfer value securely that users trust. In-game currencies in multiplayer games are less secure than crypto on a blockchain. If users spend large amounts of time in the metaverse and even earn money there, they will need a reliable currency. 4. Governance: The ability to control the rules of your interaction with the metaverse should also be important for users. In real life, we can have voting rights in companies and elect leaders and governments. The metaverse will also need ways to implement fair governance, and blockchain is already a proven way of doing this. 5. Accessibility: Creating a wallet is open to anyone around the world on public blockchains. Unlike a bank account, you don't need to pay any money or provide any details. This makes it one of the most accessible ways to manage finances and an online, digital identity. 6. Interoperability: Blockchain technology is continuously improving compatibility between different platforms. Projects like Polkadot (DOT) and Avalanche (AVAX) allow for creating custom blockchains that can interact with each other. A single metaverse will need to connect multiple projects, and blockchain technology already has solutions for this.   What is a metaverse job? As we mentioned, the metaverse will combine all aspects of life in one place. While many people already work at home, in the metaverse, you will be able to enter a 3D office and interact with your colleagues’ avatars. Your job may also be metaverse related and provide you with income directly usable in the metaverse. In fact, these kinds of jobs already exist in a similar form. GameFi and play-to-earn models now provide steady income streams for people worldwide. These online jobs are great candidates for metaverse implementation in the future, as they show that people are willing to spend their time living and earning in virtual worlds. Play-to-earn games like Axie Infinity and Gods Unchained don’t even have 3D worlds or avatars. However, it’s the principle that they could be part of the metaverse as a way to earn money entirely in the online world.   Metaverse examples While we don't yet have a single, linked metaverse, we have plenty of platforms and projects similar to the metaverse. Typically, these also incorporate NFTs and other blockchain elements. Let's look at three examples: SecondLive ‌SecondLive is a 3D virtual environment where users control avatars for socializing, learning, and business. The project also has an NFT marketplace for swapping collectibles. In September 2020, SecondLive hosted Binance Smart Chain's Harvest Festival as part of its first anniversary. The virtual expo showcased different projects in the BSC ecosystem for users to explore and interact with.     Axie Infinity Axie Infinity is a play-to-earn game that’s provided players in developing countries an opportunity to earn consistent income. By purchasing or being gifted three creatures known as Axies, a player can start farming the Smooth Love Potion (SLP) token. When sold on the open market, someone could make roughly $200 to $1000 (USD) depending on how much they play and the market price. While Axie Infinity doesn't provide a singular 3D character or avatar, it gives users the opportunity for a metaverse-like job. You might have already heard the famous story of Filipinos using it as an alternative to full-time employment or welfare.     Decentraland Decentraland is an online, digital world that combines social elements with cryptocurrencies, NFTs, and virtual real estate. On top of this, players also take an active role in the governance of the platform. Like other blockchain games, NFTs are used to represent cosmetic collectibles. They're also used for LAND, 16x16 meter land parcels that users can purchase in the game with the cryptocurrency MANA. The combination of all of these creates a complex crypto-economy.     What's the future of the metaverse? Facebook is one of the loudest voices for the creation of a unified metaverse. This is particularly interesting for a crypto-powered metaverse due to Facebook's Diem stablecoin project. Mark Zuckerberg has explicitly mentioned his plans to use a metaverse project to support remote work and improve financial opportunities for people in developing countries. Facebook’s ownership of social media, communication, and crypto platforms give it a good start combining all these worlds into one. Other large tech companies are also targeting the creation of a metaverse, including Microsoft, Apple, and Google. When it comes to a crypto-powered metaverse, further integration between NFT marketplaces and 3D virtual universes seems like the next step. NFT holders can already sell their goods from multiple sources on marketplaces like OpenSea and BakerySwap, but there isn’t yet a popular 3D platform for this. At a bigger scale, blockchain developers might develop popular metaverse-like applications with more organic users than a large tech giant.     Closing thoughts While a single, united metaverse is likely a long way off, we already can see developments that may lead to its creation. It looks to be yet another sci-fi use case for blockchain technology and cryptocurrencies. If we will ever really reach the point of a metaverse is unsure. But in the meantime, we can already experience metaverse-like projects and continue to integrate blockchain more into our daily lives.
Sandbox price set for breakout as bulls target some low-hanging fruit

Sandbox price set for breakout as bulls target some low-hanging fruit

FXStreet News FXStreet News 15.02.2022 16:09
Since December, sandbox has been trying to break the downtrend. As bulls attempt to break through, expect some profits to be booked as some targets lie nearby. Once above $4.72, expect $5.00 and $6.00 to be the following targets in the relief rally. Sandbox (SAND) price action is surfing on a wave of relief this morning as tensions between Russia, and the West start to ease on positive news. With that, investors have been falling over each other to get back into cryptocurrencies, and Sandbox price is set to break the longer-term red descending trendline, and downtrend since December last year. Some low-hanging fruit will be targeted in the breakthrough and could provide enough incentive for bulls to book partial profits and go for the ultimate goal of $6.00, holding 47% of gains. Sandbox bulls are in for 47% gains in the relief rally Sandbox price action is again hammering on the red descending trend line that originates from December last year and has been dictating the downtrend ever since. The renewed push comes from tailwinds that emerged overnight on some positive news around de-escalation in the situation between Russia and Ukraine. As the scene is set for a solid relief rally, expect to see some excellent (https://www.fxstreet.com/cryptocurrencies/news/sandbox-tests-support-at-425-before-sand-test-prior-all-time-highs-202202112001) returns, beginning with some nice profits nearby as a good start. SAND bulls will have their eyes on $4.72 with the 55-day Simple Moving Average and an overall (https://www.fxstreet.com/cryptocurrencies/news/cryptocurrencies-price-prediction-dogecoin-sandbox-and-cardano-european-wrap-10-february-video-202202101133) pivotal level falling in line around the same area. Although this level is not far from the red descending trendline, it will still return around 16% of gains intraday. Bulls will have a good incentive to book profits midway but stay in the trade with more considerable profits gained when the price rises towards $5.00 and $6.00 – the next targets in this week’s relief rally. The trade has an excellent risk-return ratio and is the most viable (https://www.fxstreet.com/cryptocurrencies/news/sandbox-price-bound-for-another-30-gains-as-sand-finds-support-202202101005) as we advance. SAND/USD daily chart Should German chancellor Scholz come out with some negative comments and ramp up the rhetoric of full-scale escalation of the tensions, expect (https://www.fxstreet.com/cryptocurrencies/news/shiba-inu-to-enter-the-metaverse-and-challenge-axie-infinity-sandbox-and-decentraland-202202091718) a knee jerk reaction with a firm rejection or false break of the red descending trend line, trapping bulls and pushing them out of their positions as SAND price action collapses back towards $3.50. From there, another leg lower could follow towards $3.00, with the 200-day SMA coming in at around $2.85 and playing its part as a supportive element in the belief that a recovery is still possible. If the 200-day SMA is no match for the downward pressure, expect a break and further push towards $2.50 or $2.00.
OVR migrates to Polygon

OVR migrates to Polygon

Finance Press Release Finance Press Release 23.02.2022 09:10
OVR Augmented Reality Platform has informed about migration on Polygon Blockchain. What are the reasons for this decision? What are the advantages of this solution? What are the benefits for users? OVR is Metaverse platform, which offers Augmented Reality (AR) solutions, gaming and virtual lands sales. It’s based on two kinds of tokens: OVR utility tokens based on ERC-20 standard and unique, non-fungible OVRLands NFTs, which represent virtual lands. At the beginning of January OVR informed on its blog about plans of migration from Ethereum blockchain to Polygon blockchain. In the same month the migration started. Polygon is used for solutions compatible with Ethereum. The platform was founded in 2017 in response to high transaction fees and slow speed of Ethereum network. Polygon network is very popular amongst developers of decentralized applications (Dapps), DeFi projects and games. Thanks to migration to Polygon transactions will be easier and cheaper. Users can now swap OVR Tokens on the Polygon implementation of Uniswap V3. Currently, gas fees are only 0.01$ per swap. Users can use the official Polygon Bridge application to move OVR tokens from Ethereum to Polygon and vice-versa. To do this, just connect a wallet to the dApp. If we have OVR tokens in our Ethereum wallet, the bridge will recognize them in the search field and we can perform the bridging. If we don’t have MATIC tokens to pay for gas on Polygon, we can use the official faucet to get them to trade on Polygon. MATIC is native token of Polygon network, which allows network payment and participation in the Proof of Stake consensus mechanism. OVR uses Polygon also to solve the problem of scalability in Ethereum. Scalability has been one of the most important issues for OVR since the beginning and the company was looking for the best solutions. Finally OVR decided to move to Polygon. Why has OVR chosen Polygon? The company informed on its blog, that there were many reasons for this decision. The most important of them are: transaction costs, decentralization trade-offs and project vision, current adoption, vicinity to the Ethereum ecosystem and EVM (Ethereum Virtual Machine) compatibility. On the other side, Polygon is very close to the Ethereum ecosystem, shares the same values, and has massive scalability and adoption. Currently, there are more active addresses on Polygon than Ethereum. Polygon offers the scalability, that OVR needs to make NFT minting. Another important advantages are low transaction costs, adoption and closeness to such well-known network as Ethereum. Another important issue may be also decentralization. In its current configuration, Polygon can be categorised as a Commit Chain, and its security model is highly reliant on the Ethereum infrastructure. OVR predicts that Polygon’s current adoption and market sentiment is good indicator that the future of the Polygon looks optimistic. Migration to Polygon The migration from Ethereum to Polygon has started. The changes are described in details on the OVR blog. In the first phase of migration, all new minting began to occure by default on Polygon. User experience (UX) remained not changed. On the primarily market Polygon network payments have been added to the Ethereum and BSC payments options. In this phase the secondary market remained not changed. In the second phase in February all of the OVRLands saved as Merkle Proofs on Ethereum have been minted to the owner’s wallets on Polygon. It’s over 24k different wallets that own more 700k OVRLands. This change will enable full decentralization and transparency of ownership of OVRLands. Light minting function will disappear, all of the purchased OVRLands will be directly minted as NFTs on Polygon. The secondary market will be fully decentralized and transactions between users will be exclusively intermediated by smart contracts. Owners of OVRLands already minted as NFTs on the Ethereum blockchain will be able to transfer them to Polygon. OVR will refund the gas costs for the transfers with OVR tokens. Low transaction costs will enable features that were impossible on Ethereum. Renting smart contracts will be implemented, allowing for the monetization of valuable OVRLands. The further development of Avatars, OVRMaps, and 3D objects will be continued, making them valuable assets in the Metaverse world. What’s next? Company has informed on its blog that in the near future will be introduced the following changes: - batch minting of all the light minted OVRLands - generation of a personal custoded wallet for users who registered without declaring one, - direct NFT minting of new primary market sales, - NFT bridge from Ethereum to Polygon, - fully decentralized secondary market. For now users can trade OVRLands tokens on OpenSea platform until the decentralized secondary market is ready. It will take place in the near future.
OVR – innovative Metaverse platform. Virtual lands and treasure hunt. Augmented Reality conquers the world

OVR – innovative Metaverse platform. Virtual lands and treasure hunt. Augmented Reality conquers the world

Finance Press Release Finance Press Release 23.02.2022 09:10
OVR is the Metaverse platform which combines blockchain technology and augmented reality. It allows to buy virtual lands and provides unusual experiences at the junction of two worlds. About OVR OVR is Metaverse platform for gaming, virtual retail, tourism, education and more. It is open-source, AR platform powered by Ethereum Blockchain. At the end of January OVR has informed about the beginning of migration on Polygon Blockchain. OVR platform is based on two kinds of tokens. OVR tokens are utility tokens based on ERC-20 standard. Unique, non-fungible OVRLands tokens are based on ERC-721 standard. OVRLands represent parcels stored inside a blockchain-based ledger. Every land has standard dimension of 300 square meters. They divide our planet into hexagons in virtual world. The total number of OVRLands is 1.660.954.464.112. Every land has precise geographical localization. Users can participate in OVRLand auctions with OVR fungible tokens. Every auction closes 24 hours after the last bid. If you are the winner, an NFT representing the OVRLand will be minted and sent to your wallet. Until now on the platform over 700 000 auctions have been closed and over 1800 are lasting. These values are still changing. On the platform we can buy virtual lands located on all the world. ŹródÅ‚o: OVR The OVR platform has also many another features and is still developed. Users can create avatars, explore various spaces in augmented reality and play games in play-to-earn model. Augmented Reality Augmented Reality (AR) is technology, which can add any type of content to the surrounding environment, creating the illusion that the real and the virtual elements coexist in the same space. It’s dimension, where everything is possible. Since 2018 there has been dynamic growth of Augmented Reality technologies. Technological giants such as Apple, Facebook and Google made major investments in this industry. According to the forecast published by IDC, augmented reality will play an important role in consumer industry and retail in the near future. The growing popularity of augmented reality is connected with the development of smartphones which can support this technology and smart glasses technologies, which can add information to what the wearer sees. According to data from IDC, the augmented reality market reached $11 billion in 2020 and can even reach $137 billion by the end of 2024. The graph below shows past and estimated future revenues of this industry. Source: IDC (https://www.idc.com/getdoc.jsp?containerId=prEUR146720420) AR experiences can range from static 3D content to interactive highly complex and hyper real scenes, which engage the user to an interaction with the surrounding world. OVR Tokens Users can buy OVR tokens from IBCO (Initial Bonding Curve Offering). Starting price is 0.07$ per one token. The more tokens are minted, the higher the price. The IBCO is both a primary and a secondary market, where you can buy and sell tokens. Buying is creating tokens, selling is burning tokens. The IBCO will never ends. It’s the warranty of liquidity for OVR token holders who can sell it in every moment. Users can also buy OVR tokens on Uniswap, MXC, Bitmart, Bilaxy or Loopring. It’s also possible by credit card, but this option is not available for China and US citizens. OVRLands Tokens If we have OVR tokens, we can participate in an OVRLand auction. The base price for an OVRLand auction is 10$ paid in OVR Tokens. OVR Tokens have a floor purchasing power of 0.10$, so regardless of the OVR Tokens price on the market, 100 OVR tokens will always have a minimum value of 10$ for buying OVRLand. Auctions last 24 hours, and the minimum price increase for consecutive bids on the same land is 2x. What is IBCO and how does it differ from ICO? Similarly as ICOs (Initial Coin Offerings), IBCOs also are used to finance crypto projects. IBCO is the solution to many problems of ICO, such as lack of transparency, liquidity and the prices of tokens established arbitrarily by the project promoters. Not always was also clear, if a promoter who has raised funds has actually spent them to finance the proposed project. This method of financing was high risk for investors. IBCOs are created with the aim of solving these problems. Nowadays a project can issue its token directly on a decentralized crypto exchange (DEX), such as Uniswap. Token can be issued by creating an exchange pair on a DEX or basing on customer solutions. This method of financing is often used by projects based on DAOs (decentralized autonomous organizations) that are controlled by token holders. In traditional ICO tokens are issued before being released on the market. In case of IBCO tokens will be minted if someone buys them or will be burned if someone sells them, so creating and burning of tokens depends on demand and supply. An example of such a project is OVR. How to buy a virtual land? Before users can participate in an OVRLand auction, they need to have a Metamask or Imtoken wallet with OVR tokens. If we don’t have it, we can buy OVR tokens through the OVR IBCO or swap it on Uniswap. The next step is to visit the OVR marketplace and click “connect wallet” on top. If it is our first time participating in the land auction, we need to register with our email address and nationality information. Then we need to check our inbox to confirm the email address. The next step – to increase the auction allowance - we only need to do once for the first time. It permits the smart contract to take the OVR tokens as payment from our wallet if we win the auction. After clicking on “Increase” a prompt from our wallet will ask for a confirmation. After a few minutes we should see the auction allowance number becoming 10000000. That means we can participate in auctions. The next step is to click Marketplace and select the land that we want on the map. We can also zoom in the map. Then we need to click on a point on the map or search the place by entering the name of the location). The next step is to open the bidding panel clicking on Init Auction or Place Bid. Then we insert the amount we want to bid for and confirm by clicking on Place Bid. Next we wait for 24 hours. If there is no other user with a better offer, we own our OVRLand NFT and will see the status of this auction as “closed”. If someone placed a higher bid, the auction would stay open for another 24 hours. We can always check our assets, clicking “My Assets”, where we can see the status of our ongoing land auction and our own OVRLands. Treasures in the virtual world The OVR platform can attract enthusiasts of games. “Treasure Hunt” is play to earn game. If we find treasure chest, we will earn OVR tokens. To play the game, we need to download the smartphone app and give the permission to use the camera. The app must find some key points in the environment to anchor the scene, in which the action takes place. OVRLive OVRLive allows to combine the user’s face photo with the selected avatar body. In this case the app also must find some key points in the environment to anchor the 3D scene, in which user can move and create interactions with friends. OVR Live Events Thanks to Augmented Reality, fans will be able to attend a live events, especially concerts and see their favourite artists perform at their home. The artist will be visualized through his hyper-realistic 3D avatar. His movements will be recorded and reproduced in real-time to recreate a live performance. Augmented reality will enable also interactions between the artists and another users. Polygon migration has started At the end of January OVR has informed about the beginning of migration on Polygon Blockchain. Polygon network payments have been added to the Ethereum and BSC payments options in the primary market. It allows to decrease transaction costs. When the migration is completed the changes will also be introduced on the secondary market. The changes include: batch minting of all the light minted OVRLands generation of a personal custoded wallet for users who registered without declaring one direct NFT minting of new primary market sales- NFT bridge from Ethereum to Polygon fully decentralized secondary market. About company OVRGLOBAL OÜ is a company based in Tallinn managing the issuing of OVR utility token. The company is regulated by the Estonian Financial Intelligence Unit and has a valid virtual currency services license FVT000345. OVR Team consists of Visionaries, Builders and Coders. The founder and CEO of the team is Davide Cuttini, who has wide experience in augmented reality, deep learning and blockchain technology. The team consists of over 20 people. Each of them makes a contribution to the development of the project. For more details of the project you can contact Telegram group: https://t.me/OVRtheReality
Binance Academy: Non-fungible Tokens: $69 Millions For An NFT!? NFT - What Is It?

Non-fungible Token Of Instagram!? Bitcoin (BTC) Trades Quite High

Alex Kuptsikevich Alex Kuptsikevich 17.03.2022 08:53
Instagram will implement NFT in a couple of months, Meta founder Mark Zuckerberg said. Despite the loud statement, it should be noted that all of Zuckerberg's projects related to digital assets previously failed and did not find wide support from the digital community. The head of Meta has a good sense of trends of social networks, augmented reality or metaverses, and in the latter two, there are more and more fast-growing projects. Meanwhile, Bitcoin is up nearly 4% over the past 24 hours to $41K. Ethereum added 4.7% to $2.75K, while Terra is out of the range, losing 0.6% in 24 hours, and other leading altcoins from the top ten add from 3.5% (XRP) to 9.8% (Avalanche). The total capitalization of the crypto market, according to CoinMarketCap, grew by 4% over the day, to $1.82 trillion. The Bitcoin Dominance Index rose 0.2 points to 42.8%. The crypto-currency index of fear and greed added 3 more points in a day, to 27, moving from extreme anxiety to just fear. The FxPro Analyst Team mentioned that demand for bitcoin was supported by it rising for the second day in a row. It was helped by the strengthening of stock indices and the weakening of the dollar. On Wednesday, the US Federal Reserve raised rates by 0.25%, but the comments made by market participants seemed softer than expected, which caused the dollar to fall. According to Glassnode, $1.2 billion worth of bitcoin was withdrawn from the Coinbase crypto exchange in just a week. This is the largest net outflow since July 2017, which signals the mood of investors for long-term storage of the asset. Despite the positive dynamics in recent days, Bitcoin has been trading in a sideways range between $37K and $42K for almost the entire month of March, unable to choose a further direction. Since the last days of February, there has been a solid support line on the declines under $38K. And this is bullish strength, reflecting that long-term buyer interest has migrated from $30K to $38K due to inflation and geopolitical tensions. Such a migration of the level of interest to long-term buyers fully reflects the price jump, which is the actual depreciation of the value of fiat currencies.
Is There Any Gold in Virtual Worlds Like Metaverse?

Is There Any Gold in Virtual Worlds Like Metaverse?

Finance Press Release Finance Press Release 25.03.2022 12:15
Imagine all the people… living life in the Metaverse. Once we immerse ourselves in the digital sphere, gold may go out of fashion. Or maybe not?Do you already have your avatar? If not, maybe you should consider creating one, as the Metaverse is coming! What is the Metaverse? It is a digital, three-dimensional world where people are represented by avatars, a network of 3D virtual worlds focused on social connection, the next evolution of the internet, “extended reality,” and the latest buzzword in the marketplace since Facebook changed its name to Meta. If you still have no idea what I’m talking about, you can watch this or just Spielberg’s Ready Player One.The idea of personalities being uploaded online is an intriguing concept, isn’t it? In this vision, people meet with others, play, and simply hang out in a digital world. Imagine friends turning group chats on Messenger or WhatsApp into group meetups in the Metaverse of family gatherings in virtual homes. Ultimately, people will probably be doing pretty much everything there, except eating, sleeping, and using the restroom.Sounds scary? For people in their 30s and older who were fascinated by The Matrix, it does. However, this is really happening. The augmented reality technology market is expected to grow from $47 billion in 2019 to $1.5 trillion in 2030, mainly thanks to the development of the Metaverse. China’s virtual goods and services market is expected to be worth almost $250 billion this year and $370 billion in the next four years.In a sense, it had to happen as the next phase of the digital revolution. You see, we now experience much of life on the two-dimensional screens of our laptops and smartphones. The Metaverse moves us from a flat and boring 2D to a 3D virtual universe, where we can visualize and experience things with a more natural user interface. Let’s take shopping as an example. Instead of purchasing items on Amazon, customers could enter a virtual shop, see and touch all products in 3D, and buy whatever they wanted (actually, Walmart launched its own 3D shopping experience in 2018).OK, we get the idea, but why does Metaverse matter, putting aside sociological or philosophical issues related to transferring our minds into the digital world? Well, it might strongly affect every aspect of business and life, just as the internet did earlier. Here are a couple of examples. Famous brands, like Dolce & Gabbana, are designing clothes and jewelry for the digital world. Some artists are giving concerts in virtual reality. You could also visit some museums virtually, and instead of taking a business trip, you can digitally teleport to remote locations to meet with your co-workers’ avatars.Finally, what does the Metaverse imply for the gold market? Well, it’s difficult to grasp all the possible implications right now. However, the main threat is clear: as people immerse deeper and deeper into the digital world, gold could become obsolete for many users. Please note that cryptocurrencies and non-fungible tokens (NFTs) are and will continue to be widely used as payment methods in the Metaverse.However, there are some caveats here. First, the invention and spread of the internet didn’t sink gold. Actually, the internet enabled gold to be widely traded by investors all over the world. Just take a look at the chart below. Although gold was in a bear market in the 1990s and struggled during the dot-com bubble, it rallied after the bubble burst.Second, the digital world didn’t kill the analog reality. Despite digital streaming of music, vinyl record sales soared last year, reaching a record high in a few decades. The development of the Metaverse could trigger a similar backlash and a return to tangible goods like gold.Third, some segments of the Metaverse look like bubbles. Maybe I’m just too old, but why the heck would anybody spend hundreds of thousands, or even millions of dollars to buy items in the virtual world? These items include virtual real estates (CNBC says that sales of real estate in the metaverse topped $500 million last year and could double this year), digital pieces of art or even tweets (yup, the founder of Twitter sold the first tweet ever for just under $3 million)! It does not make any sense to me, as I can right-click and download a copy of the same digital files (like a PNG file of a grey pet rock) for which people pay thousands and millions of dollars.Of course, certain items could increase the utility of the game or virtual experience, but my bet is that at least some buyers simply speculate on prices, expecting that they will be able to resell these items to greater fools. When this digital gold rush ends – and given the Fed’s tightening cycle, it may happen in the not-so-distant future – real gold could laugh last.Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!Arkadiusz Sieron, PhDSunshine Profits: Effective Investment through Diligence & Care.
Binance Academy: Non-fungible Tokens: $69 Millions For An NFT!? NFT - What Is It?

Madonna - A Member Of The Bored Ape Yacht Club, Metaverse's Fashionweek - NFT Update - Week 23/03-29/03/22

Crypto.com Accelerate the... Crypto.com Accelerate the... 30.03.2022 14:33
Madonna joins the Bored Ape Yacht Club. Decentraland holds Metaverse Fashion Week with over 70 brands. Looking for an island getaway? Check out Satoshi Island, the first crypto-centric island. MAR 30, 2022     Key Takeaways On Wednesday, BAYC creator Yuga Labs announced it raised US$450 million in its latest funding round led by a16z crypto, with participation from Animoca Brands and The Sandbox. This brings the company’s total valuation to $4 billion. Crypto artist XCOPY recently released ‘Max Pain’, an open edition NFT drop which raised US$23 million in mere minutes. 7,394 NFTs were minted in total priced at $3,108 each (price of 1 ETH at the time) and were sold within a 10-minute window. Decentraland recently held Metaverse Fashion Week, a virtual fashion event with participation from 70 brands such as Estée Lauder, Tommy Hilfiger, Dolce & Gabbana, and Forever 21. On Tuesday Bored Ape #835 sold for just 115 DAI, which was about US$115 at the time of sale on OpenSea. BAYCs are considered blue chip NFTs with extremely high floor price and boast a group of high-profile holders, with Madonna as the latest celebrity to invest, which is why this made the headlines and was even deemed suspicious to some.  LooksRare recorded a +42% increase in sales and a +8% jump in transactions. OpenSea recorded a +9% increase in sales and a +11% jump in transactions. Crypto.com NFT in the Spotlight On their sacred and holy quest to make money from THE ONE TRUE DICTIONARY, a group of talented Hollywood writers and performers joined together to help create these handcrafted NFTs. With ‘Own Every Word: Trinity Drop Pack’, the hapless group of comedians are back to work translating the sacred Word Wizard’s text into 1-of-1 NFTs to be exploited for profit. And after a month with an epic Word Wizard airdrop where four legendaries were found, we continue our hunt for #1: The Original Word Wizard. Interdisciplinary visual artist Nibera welcomes you to an immersive experience in which you can explore The Cosmic City and its inhabitants. ‘The Cosmic City’ is here to offer you a space in which you can explore your imagination and ideas. From galactic landscapes to retro-futuristic scenes, Nibera created visual artworks and soundscapes that will inspire you to explore the universe in your mind. Highlights Ukraine launches NFT museum ‘to keep the memory of war’ World of Women Galaxy NFTs sell out in 3 days LooksRare to allow messaging between users after partnering with Etherscan to launch chat button An in-depth look at Satoshi Island — a crypto-centric residential community in Vanuatu where land titles are NFTs Silk Road founder Ross Ulbricht to drop Bitcoin NFT collection China’s ZTE secures trademarks in the Metaverse Paris Saint-Germain Soccer Club files trademark application to get into the Metaverse and NFTs The NFL eases up on its NFT and blockchain restrictions Liverpool FC auctions official NFTs on Sotheby’s NEAR and SailGP partner on ground-breaking new sports DAO Qantas announces NFT collection and becomes the second airline offering NFTs Tommy Hilfiger designs to hit Decentraland’s Metaverse Fashion Week Bulgari brings a touch of the non-fungible to high end watchmaking Cool Cats Ethereum NFT project signs with CAA for media, licensing push Nelson Mandela’s original arrest warrant sold for $130K as NFT African Digital Art Network Launches Nandi NFT Marketplace on Celo Foodverse: World’s first food metaverse where NFTs can buy food IRL TooNFT looks to revolutionise the Webtoon industry via next-generation blockchain platform Canadian musician Grimes reveals ‘intergalactic children’s metaverse book’ at Avalanche Summit Grammy-winning DJ Diplo to sell NFT song on Royal NFT marketplace Blur raises $11 million in seed round led by Paradigm Bored Ape Yacht Club’s newest merch drop can only be bought with ApeCoin Chip giant Qualcomm launches $100M Metaverse fund Zilliqa ready to launch metaverse-as-a-service (MaaS) platform, Metapolis South Korea recruits NFT experts for metaverse boot camp 2021 Decentraland Annual Real Estate Report US Justice Dept. charges Ethereum NFT project creators over ‘rug pull’ Transaction Volume Benchmark     Top Collectibles   Project Name Weekly Sales (USD) Transaction Count Number of Buyers Women of World Galaxy $66,205,646 12,683 8,155 Azuki $53,208,448 979 595 Bored Ape Yacht Club $44,339,863 122 109 Mutant Ape Yacht Club $41,049,209 562 441 BAPETAVERSE $17,679,556 6,737 3,343       * Collectibles data from CryptoSlam.io The following chart shows selected top NFTs and their historical floor prices. Upcoming NFT Sales The following table shows top upcoming NFT sales (by market cap) and a sample of their art.   Project Name Sale Date Price (ETH) Items Market Cap (ETH) Sample CBirdz 4 Apr 2022 8 10,000 8,000 Meta Survivors Club 9 Apr 2022 1.3 10,000 13,000 LycaFox Pack 2 Apr 2022 1 11,111 11,111 AquaHeads 30 Apr 2022 2 3,333 6,666 DEGENZ GAME 14 Apr 2022 1.984 3,333 6,6612.672       Top Artists The following table shows selected top artists (by sales volume on each platform) and a sample of their art.   Platform Artist Sales Volume (USD) Sample Crypto.com NFT Travis Ragdale $2,000,000+ Solanart Degenerate Ape Academy $1,688,040 OpenSea Women of World Galaxy $64,201,809       Share with Friends Source: Crypto.com
Movie Review: Belle

Movie Review: Belle

David Merkel David Merkel 24.03.2022 04:59
I don’t watch movies much. Usually I think they are a waste of time. Recently I watched the movie Belle with my wife, and we both enjoyed it. This was the first film we had watched in a theater together in 35+ years. Anyway, here is my review of the movie Belle. ========================== There are a number of reasons why the reviews for Belle are all over the map.  I saw both the Japanese version with English subtitles on a small screen, and the English dub at a theater.  I read a lot of manga and manhua, and occasionally I watch anime, but less so because it eats up too much time. The reason I think the reviews vary so much relates to personality differences and willingness to think deeply.  If you ever look at comment threads on manga sites, you will run into a lot of shallow people who only can appreciate action-packed manga, don’t understand what the victory conditions are for the main character, and cannot wrap their minds around people who don’t act the way they would act. The plot of Belle revolves around two people, Suzu (Belle) and Kei (The Dragon), who have been hurt so badly in their lives that they have cut off as many people as they possibly can in order to avoid future hurt.  Now, is this an attractive pair to build a movie around? No, and that is the design of the movie, to make you sense the alienation.  Another aspect of the alienation is the characterization of rural Japan, where transportation options are becoming scarcer; travel to school is arduous for Suzu.  The movie implicitly asks a bunch of questions.  Is what you are assuming true or not?  Suzu assumes that the beautiful and talented girl Luka is happy, popular, and stuck-up.  Suzu assumes her Dad doesn’t care, and also Shinobu, whom she wishes would be her boyfriend.  She assumes that Luka likes Shinobu. She assumes that people would not like Belle if she openly revealed who she was.  Yet later in the movie she realizes that all of those assumptions are wrong. The most fundamental question of the movie is “Who are you?” Who is Belle? Who is the Dragon?  Everyone wants to know who they are in the real world.  So, does the metaverse U create a new you?  Though Suzu gets fame, and Kei gets infamy via U, if anything, U intensifies their problems, which need to be solved in real life. U seems to work at the beginning, but it doesn’t truly pay off. One theme for both Suzu and Kei is that their mothers died.  Suzu’s mother died rescuing an unknown girl from drowning, saying, “I have to go or she’ll die,” and then drowns after saving the girl. There is a parallel near the end of the movie, where Suzu knows that she has to find Kei or he might die, and saves him at the risk of her own life. She gets hurt in the process and does not die.  This is a story of becoming brave enough to love. The Dragon saves Belle in U.  Suzu saves Kei in the real world. The final theme is singing.  When Belle sings in U it affects people, as many have felt loss and rejection.  This is a change for Suzu, who loved to sing with her mother, but could not sing after her mother died. A turning point of the movie comes when Shinobu says to her when she wants to rescue Kei, “How can you get through to them if you are not yourself?” She then realizes that she needs to sing inside U not as the beautiful Belle, but as ordinary Suzu.  And after that she once again can happily sing on her own wherever she is. It is well-known that when the Japanese version of Belle (w/English subtitles) premiered at Cannes, it received a 14-minute standing ovation, which is rare.  If the international film community thought it was that good, it probably is stupendous.  To that end, ignore the shallow comments of those that did not understand the movie.
Promised Land Art Festival Returns! Tickets Now on Sale; First Speakers Announced | CD PROJEKT RED

(BTC) Bitcoin In Africa? Avalanche (AVAX), Ripple (XRP) And How To Play The Metaverse Together With Sandbox? | Crypto Market Talk | Swissquote

Swissquote Bank Swissquote Bank 26.04.2022 18:26
How can you trade the metaverse using coins like Sandbox? The power of ZRX for the area of NFTs on the Coinbase NFT Marketplace and are Cardano's stats ghost stats? 00:00 Intro 00:21 Preview 00:55 Crypto news 03:54 Bitcoin 07:24 Ripple 09:08 0x 11:09 Cardano 13:07 Aave & Avalanche 15:11 Polygon Matic 16:45 Sandbox 18:33 Good bye & subscribe Every week Feyyaz Alingan looks at the most important cryptocurrencies and discusses the most important developments in the crypto space to share his thoughts in the Crypto Market Talk. Which coins could go to the moon and which could go bust? Feyyaz Alingan founded Blue Alpine Research and regularly publishes analysis & news on the topic of cryptocurrencies, DeFi and NFTs on YouTube and via Podcast Read next: Could strong earnings reverse the hawkish Fed moodiness | MarketTalk: What’s up today? | Swissquote| FXMAG.COM What is behind the hype of the different blockchain technologies and how can YOU participate? If you don’t want to miss the dynamic world of cryptocurrencies and want to stay up to date with Bitcoin and co. - Crypto Market Talk is the best place to stay subscribed! Feyyaz Alingan founded Blue Alpine Research and regularly publishes analysis & news on the topic of cryptocurrencies, DeFi and NFTs on YouTube and via Podcast. #cryptomakettalk #trading #crypto #blockchain #token #weeklyshow #cryptoshow  Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5  Let's stay connected: LinkedIn: https://swq.ch/cH
Crypto Focus: A Week of Indecision and Dogecoin on the Up?

Crypto Focus: A Week of Indecision and Dogecoin on the Up?

8 eightcap 8 eightcap 29.04.2022 13:27
It’s been another week of wide ranges with little direction. That’s not to say we didn’t see both sides try. A few of the top 25 saw solid selling, both AVAX and XRP were hit with sell-offs, while the more significant coins like BTH and ETH fought back off lows forming spinner type candles. Bitcoin traded above 40K during the week but couldn’t hold the level. On the positive, 38,900 continues to hold firm for buyers. APE coin had a massive week adding 57% ahead of its metaverse launch. Doge had a massive week, and we will touch on that further below. Aside from its massive jump, the coin can also now be used for rent payments. On the topic of payments, a Dubi real-estate developer will accept BTC and ETH for purchases of luxury homes. During the week, we did see a few small signs that buyers were trying to get a move going, but a lot like last week, we saw those signals fade as selling resumed. A fair few of the top 25 took heavy selling on Friday’s session, and that was refected as the CRYPTO25 indexes were leading the CRYPTO10 index lower. DogeCoin was the talking point last week. The coin is linked to Elon Musk regularly, and once news of his offer to buy Twitter was accepted, we saw a dramatic rally on the coin. Price jumped as much as 30% higher on the news, but the move was short-lived as a touch over 10% was taken off the following session. Since Tuesday, we have seen every direction on Doge as it looks like traders are trying to work out what Monday’s spike meant. Looking at the daily we have a solid looking range in play, and this could set up a straddle play. A straddle is where a trader places buys above the range and sells below the range. (one cancels over an option to avoid being double filled). If that spike is valid, the question that may need to be answered by traders is if we did see a breakout lower, could it retrace Monday’s spike retesting lows set on the 25th or if we break higher could we see a new test of 0.17? Until we see some direction, the market may remain rangebound. Be wary of tests out of the range, as false breaks can be very painful for breakout traders. In all trading, risk management is an essential part of the trader’s strategy. (The straddle example is an example based on Friday’s chart. The daily chart will have changed, and the range may not be in place by the time of posting) DOGE Chart Here’s 4-hour chart as well just in case you prefer it The post Crypto Focus: A Week of Indecision and Dogecoin on the Up? appeared first on Eightcap.
Crypto Games: Interesting Game Rewarding Players - Kara Star (KARA) - What Is It? | KuCoin

Crypto Games: Interesting Game Rewarding Players - Kara Star (KARA) - What Is It? | KuCoin

Kucoin Blog Kucoin Blog 11.05.2022 17:36
Table of contents · What is KaraStar (KARA) ? · How does KaraStar (KARA) work? · What makes KaraStar (KARA) unique? · Who created KaraStar (KARA)? · Closing thoughts As the world continues shifting to the digital age, more and more people are finding it pertinent to focus their lives on the metaverse. According to research, the metaverse was worth $63.83 billion in 2021. Analysts predict that this value will rise above $100.25 billion by the end of 2022 and hit $1.53 trillion by 2029.   Looking to make a statement in the rapidly growing space, KaraStar seeks to project real-world economic value on a virtual game. The KaraStar virtual world empowers creators to develop a one-of-a-kind Play-to-Earn (P2E) ecosystem.   Through this game model, KaraStar allows gamers to stay entertained, earn money and find peace and love by acting as masters to pets dubbed Kara. By combining an opportunity to earn and positive emotions in one game, KaraStar aims to attract numerous players to build a virtual universe together.   How Does KaraStar (KARA) Work? KaraStar runs on BNB Chain, formerly Binance Smart Chain (BSC). In the game, players are considered creators. The KaraStar game currently features two modes. These are player-versus-player (PVP) and player-versus-environment (PVE). Under PVE lies Dungeon gameplay, where players obtain bonuses in UMY tokens by exploring maps and killing monsters.   On the other hand, PVP includes battling in arenas and tournaments. This mode is suitable for comKarasitive games, which display a player’s understanding and strategy of the game. KaraStar plans to offer crypto worth tens of millions for players participating in the comKarasition.   To start participating in PVP or PVE games, players need to buy three or more non-fungible tokens (NFTs). Through the earned UMY, players can choose to breed or evolve their Karas. Evolving a Kara involves either burning UMY or devouring other NFTs. Each Kara has a limited number of times it can breed to avoid overpopulation.   The game is based on the KaraSpace galaxy, which boasts 12,801 planets that serve as irreplaceable resources. KaraSpace features three categories, Superpower, Nature, and Melee. Each category has different Kara attributes. Under Superpower lies light, electricity, and fire. Nature comprises dragon, ghost, and fairy. Melee features rock, steel, and poison.   Out of the 12,801 planets, 10,000 are resource planets, and 2,000 are creation planets. There’s only one Mother Planet, which is the primary carrier of game operations. However, KaraStar has not yet launched the Mother Planet.   The Mother Planet has 255,255 plots. Each plot is encompassed by 33 grids. Once players acquire plots as private property, they can build their Kara Kingdoms. Players will need UMY to purchase maternal resources. There are five types of land on the Mother Planet. These are central, forest, north pole, desert, and high-tower. Each type of land has different treasures.   The Mother Planet and Lands mode will run as a multiplayer Simulated Life Game (SLG). Players will be able to make friends or compete with other players across the globe. Additionally, they will be able to harvest equipment fragments to boost the power of their Karas to earn more KARA tokens.   What Makes KaraStar (KARA) Unique? The KaraStar ecosystem leverages a dual-token economic system. The UMY token fuels the whole KaraStar metaverse. UMY also serves as the foundation of the KaraStar world to achieve stability and peace. Additionally, UMY is used to power the staking and mining of KARA. Creators generate UMY every time they engage with the game.   On the other hand, KARA is the governance token in the KaraStar ecosystem. One KARA is equivalent to one ticket in the ecosystem’s decentralized autonomous organization (DAO). DAO members can vote on the ecosystem’s governance by staking their KARA. Apart from governance, creators can use KARA for in-game payments.   Additionally, creators holding KARA can earn more rewards by staking their holdings for mining in the farm pool. Players can get KARA through airdrops, buying in the market, or obtaining the token in the upcoming MotherLand mode.   The KaraStar DAO seeks to support community builders. Unlike other DAOs, the KaraStar DAO offers careers for all community contributors. After surveying many pre-DAO members, KaraStar decided to establish the House of Lords and the House of Commons.   In doing so, the project offers DAO members a career path. Additionally, this setup helps provide structural momentum for the stability and growth of the DAO.   KaraStar also features a scholarship platform, which offers customer-to-customer (C2C) scholarships. Providers can list the scholarships on the KaraStar website and recruit scholars. KaraStar then rewards contributors with bonuses in the scholarship program.   To ensure the stability of token prices, KaraStar will regularly burn UMY. Specifically, the project aims to burn 80% of the UMY consumed in the game.   Who Created KaraStar (KARA)? KaraStar Technology PTE. LTD, a Singapore-based blockchain game developer, created KaraStar. The company has a rich team featuring game development engineers from Zynga and ROBLOX, seasoned blockchain experts, and Wall Street mathematical actuaries.   At the helm is CEO Dustin, who previously served as the Project Manager for Apple in the Asia-Pacific region. He also has experience in marketing, entrepreneurship, and blockchain mining, among other fields.   Kate Kryvonos serves as the company’s COO. She has over five years of blockchain marketing strategy and leadership experience. Before joining KaraStar, Kryvonos spent four years leading open-source blockchain and cryptocurrency projects like NEM.io Foundation Ltd and the Symbol blockchain.   The firm’s CTO is Kumar, who has experience working as a product manager and program developer for leading game companies like Zynga and Electronic Arts (EA). He has seven years of experience in game development and two years of experience in blockchain product development.   Closing Thoughts As a P2E metaverse game, KaraStar offers players a chance to stay entertained while earning. Additionally, the project’s Social-Fi capabilities allow gamers to connect across the globe. Coupled with a healthy economic model, these features help the project position itself for long-term success.   Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange Download KuCoin App >>> https://www.kucoin.com/download Source: KuCoin
Binance Academy: NFT - Virtual Land - What Is It?

Binance Academy: NFT - Virtual Land - What Is It?

Binance Academy Binance Academy 25.05.2022 10:53
TL;DR NFT virtual land is an ownable area of digital land on a metaverse platform. Popular NFT land projects include Decentraland, The Sandbox, and Axie Infinity. NFTs are suited to representing land ownership as each one is unique and easily proves digital ownership. You can use NFT land for advertising, socializing, gaming, and work, among other use cases. The landowner can normally use their plot to host online experiences, display content, or gain benefits in a game. Large brands and celebrities, including Adidas and Snoop Dogg, are also beginning to invest in and use NFT land. The value of a plot is affected by its utility, project, and market speculation. You can purchase NFT land from a project in a land sale or on the secondary market via an NFT exchange, such as the Binance NFT Marketplace or OpenSea. Before purchasing, make sure you understand the risks and use cases of the land and its associated project. In some cases, it might be better to rent instead of buying an NFT land. Introduction The metaverse's development has rapidly created interesting new blockchain use cases. As 2020 was such a massive year for the metaverse and Non-Fungible Tokens (NFTs), it's no wonder that virtual land has become a hot topic. Some NFT sales of land have reached prices greater than properties in the physical world, making the concept difficult to grasp for some. In fact, there are actually a lot of similarities between NFT land and typical real estate. But as a digital asset on the blockchain, NFT land has some unique features to explore. What is the metaverse? The metaverse is an online, virtual world that will combine multiple aspects of our digital and real lives, including work, socializing, and recreation. 2021 saw many tech giants, including Meta (previously Facebook), Microsoft, and Epic Games, begin developing and exploring the space. Blockchain technology plays a crucial role in the metaverse as digital ownership, identity, and economies are central concepts. For a deeper explanation, read our introduction article to the metaverse. What is NFT virtual land? As mentioned, metaverse projects are digital worlds that users can usually explore with 3D avatars. SecondLive, for example, provides areas and venues for concerts, conferences, and expositions. While projects like SecondLive don't let users purchase a permanent virtual reality space, other metaverse worlds do. Developers create large maps of land divided into small parcels to sell on the market. To represent the unique ownership of the area, users purchase NFTs linked to a particular plot of land. You can purchase these plots through a land sale directly from the project or on the secondary market. Exactly what you can do with NFT land depends on each project. Read next: Altcoins: Cardano (ADA) What Is It? - A Deeper Look Into Cardano (ADA) | FXMAG.COM What are the use cases of metaverse land? Apart from speculation, landowners can use their virtual space in various use cases: 1. Advertising - If your plot is in a popular area or district and attracts many visitors, you can charge for advertising space.  2. Socializing -You can host events on your digital land, including concerts, conferences, and community meetups. 3. Gaming - Your NFT land might have a use in an NFT video game. For example, land in Axie Infinity can provide extra resources, tokens, crafting ingredients. 4. Work - Land that can be explored with a 3D avatar can be used as a virtual office space or to provide digital services. PwC Hong Kong will use The Sandbox land in their Web 3.0 advisory services. Are global companies purchasing metaverse land? Prominent celebrities and brands have already begun to purchase land in the metaverse. For example, Snoop Dogg is creating his own Snoop Dogg Metaverse Experience on The Sandbox. Adidas has also purchased space on the platform for their own AdiVerse metaverse experience. Apart from joining in the metaverse and NFT hype, brands and companies will offer users the chance to interact with them by accessing metaverse services, games, and products.     NFT land has even made the jump from retail investors to institutional investors. For example, The Metaverse Group has made headlines purchasing large amounts of digital real estate, which we'll dive into later. The group is even virtually headquartered in Decentraland's Crypto Valley. The consultancy firm PwC also bought plots in Decentraland in December 2021 as part of their web 3.0 advisory services. What affects the price of NFT virtual land? The price of a plot of virtual land is determined similarly to other non-fungible tokens or cryptocurrencies. There are three main factors to examine: 1. Utility - Virtual land differs from many other NFTs as it usually has a variety of use cases. These will differ depending on the platform they're on. For example, digital worlds like Decentraland allow users to customize and create on their land. If your land is in a popular area or receives many visitors, you could charge for advertising. Your land might also provide you benefits in a blockchain video game. You could have improved staking bonuses or experience unique in-game events like in Axie Infinity. 2. The platform - Popular platforms like Decentraland, The Sandbox, or the upcoming My Neighbour Alice tend to have higher prices for their NFT land. This is due to market supply and demand. The user base and interest of these platforms are much higher than smaller projects. 3. Speculation - Large sales of NFT lands in the past have led to an increasing amount of speculation. For example, the NFT real estate company Metaverse Group spent roughly $2.43 million in November 2021 purchasing a parcel of 116 plots of land in Decentraland. Each plot is 16 meters squared, giving them a total area of 1,856 meters squared of land in the Fashion Street district. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Where to buy land in the metaverse There are two main methods for purchasing Metaverse NFT land. You can take part in a land sale and purchase it directly from the project, or you can buy land from other users through a marketplace. An NFT land sale is a good way of buying your land at a lower price than on the secondary market. Most large metaverse projects with NFT land have seen rising prices, meaning buying land in a sale tends to be better. Some projects sell all their plots in one go, while others sell them in rounds.  An NFT exchange is the safest and most reliable way to purchase land on the secondary market. This way, both the buyer and seller are protected by a smart contract that ensures the trades occur smoothly for both parties. Binance NFT Marketplace and OpeaSea are two of the most popular options to use. Binance NFT Marketplace supports Ethereum and Binance Smart Chain, while OpeanSea supports Ethereum, Polygon, and Klaytn.   Tips before buying your first metaverse land Buying NFT land in the metaverse should be treated like any other investment or financial transaction. Make sure to do your own research and consider the points below: 1. Buy your NFT land from a reputable source. If you purchase the land through a project's sale, make sure you have the correct official link. If you buy land from someone else, never make any transfers directly to their wallet. You should always make the sale through a trusted, reputable marketplace or crypto exchange. Binance NFT Marketplace and OpenSea are two possible choices, as previously mentioned. 2. Decide if you want to buy or rent your NFT land. Depending on your needs, you might not need to purchase a piece of land. For example, you might want to host a single event in a popular district. If the platform you're using supports rentals, then the price you pay depends on the plot's traffic, closeness to other important plots, and its size. 3. Consider the NFT land's project carefully. The project you choose will determine the utility and partly the cost of the NFT. If you want to speculate and resell your land, look at the project's fundamentals, such as popularity, number of users, and team. If you're going to sell advertising space or take part in another use case, research which metaverse platforms are most suited to your needs. Not all NFT projects will succeed, so make sure to consider the financial risk before buying NFT lands. If you buy land that has no use or demand, you might end up holding it forever. Closing thoughts To many, the idea of virtual land sales might seem far-fetched. However, you only need to look at the rise of NFTs, digital collectibles, and the metaverse to understand how NFT land has developed.  The idea isn't much different from owning a website or other virtual space. For example, popular domain names have sold for hundreds of thousands of dollars. However, the way NFT lands guarantee ownership is where we see a difference. With the tech world preparing itself for a metaverse future, we shouldn't be surprised to see even more metaverse NFT land for sale soon.
NFT & Metaverse: Playing Chess In Metaverse!? canVERSE Is Working On Tabletop Games | BeInCrypto

NFT & Metaverse: Playing Chess In Metaverse!? canVERSE Is Working On Tabletop Games | BeInCrypto

BeInCrypto (BeIn News Academy Ltd), we're writing about crypto. BeInCrypto (BeIn News Academy Ltd), we're writing about crypto. 31.05.2022 08:51
Chess fan? Then this metaverse will pretty much blow your brain. If this virtual world succeeds, it will be the metaverse we all dreamed of. A London-based Extended Reality (XR) development studio is on the cusp of releasing a life-like tabletop metaverse. If you are a chess nerd, this is your metaverse. And it is free, which is everyone’s favourite price. In development for over a year, canVERSE say they have used cutting-edge rendering technology to produce a hyper-realistic tabletop gaming experience. Charlie Hasdell is the CPO of canVERSE. “We set out to create not only the greatest-looking version of chess but also the first piece in our roadmap to the Metaverse.” The first offering is Chess. The “Early Access” Beta is available to wishlist on Steam. On canVERSE’s Community Discord server, they are asking their community to help sculpt their developmental roadmap. So now is the time to get involved if you love games like chess, backgammon and mah-jongg. Barn Cleave is the CEO of canVERSE. “We’re delighted to be developing Metaverse content, that’s interoperable, open and built with the community.” canVERSE says they hope that their “hyper-realistic tabletop gaming space will not only entertain on numerous platforms, but will be the beginning of larger discussions around how the gaming landscape is moving closer to the decentralized nature of Web 3.0 and the Metaverse.” Chess and Other Games In the canVERSE metaverse, up to 64 players are seamlessly connected for tournaments. This can be accessed via desktop, AR & VR. Players can also voice-chat in real time. While the games look realistic, the company say that their aim is connection. “Whilst at heart canVERSE aims to host really good-looking table-top games, its true purpose is to connect friends and communities globally in an immersive, totally interoperable shared environment.” Other boardgames are coming, after chess. The company say they have focused on games that have been a fundamental pastime and have continued being popular for generations. Their first offering, chess, is an “ancient and unchanging game. It transcends language and locale and has become almost culturally ubiquitous. With chess we found the perfect starting block for canVERSE and utilizing bleeding edge technology… we are able to deliver an almost- lifelike game.” NFT Ownership Developers working on the canVERSE Metaverse have designed and generated 10,000 unique NFT Chess Sets. “NFT Chess Set owners will be rewarded with future NFTs and in-game content as canVERSE grows.” The NFT chess sets can be classically styled, ornate timeless pieces. Or you can go hardcore high tech and have sleek hyper-modern pieces. Your own chess set will be unique to you, and unlike any other chess players’ sets. But also, when you buy the chess set NFTs, you can unlock an environment and board. Chess Board: Minting the NFT Players can mint all NFTs on the site. Any other site offering the NFTs will be scams. Once you own the NFT, you can hold community roles, and get pre-sale access for future NFTs, among other benefits. Checkers Another game the metaverse plans to offer is checkers. The game has been played for thousands of years. Pharaohs even loved it. It was first brought to PC in 1951. If only the pharaohs could see the metaverse version. They would never want to go back to their pyramid life. Backgammon This game is also on the way. This is one of the oldest board games still actively played. CanVERSE say that it is “a seemingly simple game to master, however, its mysteries are deep and complex with over 3 billion possible end game scenarios.” Chess nerds? Your time in the sun has arrived. Got something to say about chess in the metaverse or anything else? Write to us or join the discussion in our Telegram channel. You can also catch us on Tik Tok, Facebook, or Twitter. Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.   Source: BeInCrypto