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The cryptocurrency space has grown immensely throughout 2021. At the beginning of the year, NFTs were just a mere notion. However, as the year progressed, they picked up the pace. The OpenSea marketplace for NFTs saw vast volumes of over $3 billion as NFTs such as CryptoPunks and the Bored Ape Yacht Club sold for millions of dollars apiece. The Metaverse has also taken shape recently, as many giant corporations begin to be interested in this virtual world. There is a need for open-source NFTs that can be used in any Metaverse regardless of the chain. Guzzler is a project that has identified this niche and has rushed to fill this gap. This article will discuss the solutions that Guzzler is bringing to the metaverse and NFT spaces. What Is Guzzler.IO? Guzzler is a project that aims to build operable and customizable non-fungible tokens that will be able to operate across different open worlds or metaverses. This will save time, and it will save energy for these rapidly growing worlds. For instance, if you are an explorer of the metaverses and in need of transportation to tour the metaverses, Guzzler can help you have a custom NFT car to take you through the metaverses without needing to exchange or to buy new cars for every metaverse you join. Guzzler.IO Roadmap Guzzler project began in November of 2021 with a presale and a launch. The project has been listed on Coinmarketcap and CoinGecko. The project made a huge marketing push on the Twitch platform, which is mainly used by gamers. Phase one and phase two of the Guzzler project have been completed. By December 2021, the project had over 2000 token holders, and they introduced new racecourses and updates into the game. As of December 2021, Guzzler had over 50,000 players. Currently, the project is in phase three, where the developers aim to create an open world or a metaverse, a race track, and delve into Metaverse real estate. The development team also aims to create an in-game NFT marketplace for their cars and auto upgrades. One of the significant sell points of the Guzzler project is the cross-world integration where gamers and owners of car NFTs can use them in more than one metaverse. This will be a game-changer in the metaverse since Guzzler will be the engine for the car that the user will use across all the supported metaverses. Guzzler.IO Tokenomics The Guzzler project has a native token- the GZLR token. These tokens can be staked and allow users or holders to gain access to some of the performance auto parts. The native token of the Guzzler ecosystem is an ERC-20 token. The tokenomics of the GZLR token are simple yet effective. Every transaction involving the GZLR token will be charged a 7% tax. 3% will go to marketing while 3% will go to liquidity pools. The other 1% will be added to reflections for the holders and hence with the GZLR token, holding is benefiting. Users will be able to stake GZLR tokens and earn rewards. These rewards will provide the holders with access to premium NFTs that the general public will not be able to access. These exclusive NFTs will be available to users who compete in the Guzzler games in single-player mode. Alternatively, users who have completed all levels while in single-player mode can sell their NFT car parts and upgrades on the Guzzler NFT marketplace to other players. Team Behind Guzzler.IO The team behind Guzzler is more than qualified for the job. Joey Poareo is the founder and the CEO of the project, and he has been working overtime on his philanthropic efforts to help orphans in homeless children. Fury, who is the chief development officer, is a genius game developer and has extensive expertise in mobile game development and multi-player implementation. He also has experience with smart contracts and blockchain technology and will be a great help to the project. GZLR Token has a maximum supply of 100 billion tokens. The liquidity is locked, and there is a 7% tax. The Guzzler community can be found on most social media platforms on the internet, including Twitter, Instagram, Telegram, and even Medium. On November 17, 2021, the Guzzler platform was approved to use the KYC identity verification process. This means that your credentials and personal details are safe with the Guzzler team. If you would like to buy some tokens to participate in this exciting ecosystem, you can get the tokens on Uniswap and LBank. The bottom line of the Guzzler ecosystem is to play games, stake tokens, and earn profits. The more you stake, the more parts and upgrades you have. You can sell these performance packs for a lucrative profit on the Guzzler in-game NFT marketplace. Conclusion Guzzler is a one-in-a-lifetime opportunity to make handsome profits and to enjoy yourself while in the process. Apart from this, the prospect of using one of NFT across multiple metaverses is exciting. As web 3.0 is developing, projects such as Guzzler need to begin making progress as we prepare for the new generation of internet and immersive social interaction through the Metaverse.   Image: Pixabay

In the past few years, DeFi applications have seen tremendous growth. At the start of the year 2021, the Total value locked (TVL) in DeFi applications was used to be around 18 billion dollars. Currently, TVL in DeFi applications is around 200 billion dollars, which is more than 10x of the TVL of January 2021. Total unique DeFi wallets are 4.3 million right now, more than 4x the unique DeFi wallets of January 2021.  Various DeFi applications provide financial services like lending & borrowing, trading, prediction markets, yield farming, etc. Still, there are only a few million DeFi users, and the Anchor protocol of Terra Ecosystem wants to change it. Team of Anchor Protocol believes that a saving product is required for the mass adoption of DeFi applications.  Anchor is a saving protocol that offers low-volatile yields on deposits of Terra Stablecoins. The Anchor interest rate is powered by staking rewards from Proof of Stake blockchains, and therefore more stable rates can be expected. Anchor Protocol makes a money market between a lender and a borrower.  Lenders can earn stable yields by depositing their Stablecoins while borrowers can borrow stablecoins on their stakeable assets. According to the protocol-defined borrowing ratio, borrowers can lock their bonded assets (bAssets) as collateral and borrow stablecoins. Currently, Bonded Luna (bluna) and Bonded ETH(bETH) are the only two bonded assets that can be put as collateral for borrowing stablecoins.  The stream of staking rewards comes from borrowers’ global pool of collateral. These staking rewards are converted into stablecoin, which are given to the lenders in stable yield.  Tokenomics of Anchor Anchor Protocol’s governance token is the Anchor Token (ANC). Users who have staked ANC tokens can propose new governance polls, which can be voted on by users who have staked ANC tokens.  ANC token is designed to increase its value linearly with Anchor’s assets under management, allowing it to capture a piece of the protocol’s yield. Anchor provides protocol fees to ANC stakeholders proportionally to their stake, benefiting stakeholders as adoption of Anchor grows. ANC stakeholders are driven to suggest, discuss, and vote for proposals that improve the protocol. ANC Value Accrual The buying pressure increases proportionally as ANC tokens grow in lockstep with Anchor’s Assets Under Management. Protocol fees are used to buy ANC tokens from Terraswap, which are then paid to ANC stakers as staking rewards.  Protocol Fees  ANC captures protocol fees created by Anchor, with 10% of the value flowing into the yield reserve being used for the value accrual of ANC tokens. bAsset rewards, excess yield, and collateral liquidation costs are used to fund Anchor’s protocol fees. basset rewards A portion of the rewards from deposited bAsset collaterals is used to buy ANC, with the rest going into the yield reserve. If the yield reserve’s inventory reaches a sufficient amount, governance can modify the ratio of bAsset rewards utilised for ANC purchases. Excess Yield Deposit rates higher than the target deposit rate are stored in the yield reserve, with a portion of it utilised to purchase ANC. The ANC tokens that have been purchased are subsequently given to ANC stakers. Collateral Liquidation Fees When a loan is liquidated, 1% of the liquidated collateral value is sent to the yield reserve, with a portion going into ANC purchases. This cost is not included in the bid premiums. Governance Fees ANC token deposits of Anchor governance polls that have failed to attain the needed quorum are then allocated to ANC stakers as staking rewards.   At the start of the Anchor Protocol, 150 million ANC tokens were released. Fifty million (33.3 percent) tokens were airdropped to LUNA stakers, with staked amounts snapshotted at block 2179600.  One hundred million tokens (66.7 percent) were set aside for the Anchor Community Fund. Final Token Distribution A total of 1,000,000,000 ANC tokens will be distributed over four years. No more new ANC tokens will be added to the supply once this quantity has been distributed. Various methods to earn money with Anchor:  Depositing UST is a simple way to earn money with Anchor. The protocol project itself as a savings product and provides a 20% annual percentage yield (APY) on deposit.  Users can borrow UST by putting their bAssets, i.e. Bonded Luna (bluna) and Bonded ETH(bETH), up as collateral.  Users can also buy and stake ANC to receive staking rewards and participate in governance.  You can also earn rewards while at the same time providing liquidity to exchanges by staking your LP tokens (ANC-UST LP). Conclusion Anchor is the leading DeFi protocol of Terra Ecosystem. Currently, 13 billion dollars worth of assets is deposited in the protocol. Its goal is to become a stable saving solution for DeFi users, providing passive income. Anchor has an easy to use interface, which will be helpful in onboarding millions of … Continued

The post Anchor Protocol: DeFi’s Leading Saving Product appeared first on Cryptoknowmics-Crypto News and Media Platform.

Hololoot aims to bring 3D metaverse assets into reality via a proprietary AR tech stack, benefiting gamers, developers, advertisers, designers, and everyday users. The platform's technology will offer an innovative ecosystem whereby users can create quick and easy AR NFTs without coding knowledge. 

Hololoot AR Viewer's and NFTs Integration

The Hololoot project is creating a comprehensive AR NFT ecosystem for the world. It combines an in-app marketplace, AR NFT launchpad, AR NFT Generator, and an AR metaverse to allow users to build and interact with assets. To truly see AR and NFTs become mainstream, developers and users need to make their apps easier. Hence, Hololoot gives anyone the freedom to explore the full potential of AR and NFTs.

Hololoot is a cloud-based app that allows users to browse and inspect 3D models of AR NFTs on the fly and even mint new ones. Unlike other AR apps that require a backend admin, it is entirely self-service.

The app is the first to enable users to create AR assets and mint NFTs without any platform support. Its ability to provide this functionality positions it as the leading contender in the AR market. Notably, creators, artists, brands, gamers, and marketers benefit from the AR NFT ecosystem.

Unlike VR metaverses, the Hololoot AR metaverse doesn't require you to create a space from nothing. Instead, it lets users scan their homes and customize various features in this metaverse. More features will eventually be added, which will allow users to share their own metaverse experiences. Users will share layouts, open the door, among other things.

AR NFT Viewer

Via Hololoot's AR NFT Viewer, users can quickly and easily integrate AR objects into their real-world environment view and manipulate them in real-time. 

Hololoot also has a wallet connection and metaverse as a service(MaaS) for NFTs. As an AR NFT owner, you can view them on the NFT viewer. In addition, if you have a regular 2D NFT that has a MaaS link, you can still view it in the AR NFT viewer.

These solutions are accessible for a price to projects, companies, and people alike, creating a project revenue stream that they expect to increase in the future. The team acquired collaborations with renowned metaverse games to help jumpstart the MaaS service, and is continually looking for more. They may begin to develop a linked experience across these metaverses by importing current NFT assets from these metaverses into AR.

The platform will give users the best possible experience of their content by using technologies like ARkit, AR Foundation, and glTF files. Depth cameras and LIDAR are used to create high-precision scans of rooms and recognize parameters and objects within them. Also, they will be able to go hands-free with the new generation of AR glasses currently hitting the market.

Hololoot AR NFT Generator

The Hololoot AR NFT Generator allows anyone to easily create and manage 3D assets. They need to upload a 3D model, modify the parameters, and convert it into an NFT.

Hololoot's cloud-based AR NFT Generator is the heart of its ecosystem, mainly because it connects AR Viewer with the marketplace and the metaverse. In addition, it facilitates Hololoot Match, an artificial intelligence recommendation algorithm for finding incredible 3D assets based on a user's specific preferences.

Hololoot's AR NFT Generator is a secure cloud storage and access management solution that enables businesses to manage their content and operations more effectively. It features self-service admin dashboards that allow users to organize and secure their content quickly.

Hololoot Tokens

Hololoot is powered by two tokens that are linked but have their own unique functions. The main token $HOL is used to make purchases and also to farm the rewards token $PIXEL. The goal of the token is to create a long-term ecosystem for AR NFTs. It generates power and sustains the platform.

$PIXEL is the platform's internal rewards token, and it can be used to participate in INOs and purchase unique NFT drops. $PIXEL is farmed by staking $HOL tokens, providing $HOL investors with a motivation to keep their tokens for the long term.

About Hololoot

Hololoot is the first AR NFT generator and marketplace. It simplifies the creation process and brings virtual worlds to life with minimal effort. Its robust features make it ideal for gamers, collectors, and anyone interested in immersing themselves in the world of augmented reality. With Hololoot's marketplace, trading AR NFTs is easy, and the utility-rich token $HOL provides buyers with extra value throughout the application. For more information, visit;

Website |Twitter| Medium|

Tallinn, Estonia, Mar 16, 2022 - (ACN Newswire) - Alium Finance added Moonriver to the list of Blockchains available on Alium Finance Decentralized Exchange. Also, the company also launched cross-chain bridges that connect the Binance Smart Chain and Moonbeam, MoonRiver, Near Aurora blockchains. This will allow users to seamlessly transfer ALM tokens between these blockchains. In addition, the minimum limit on deposits in ALM tokens was increased to 1000 tokens for entering the Strong Holders pool.

"We continue to expand our capabilities and integrate new blockchains, which will allow users safe and convenient token transfers between different blockchains with one click. We also plan to integrate a number of other popular networks. Thanks to this, Alium.Finance users will be able to send crypto coins and stablecoins created on different blockchains without intermediaries. The exchange will be carried out automatically in the Token - ALM - Token", the company explains.

MoonRiver (Moonbeam) is an Ethereum compatible smart contract parachain on Kusama. It is intended to be a companion network to Moonbeam where it provides a continuously boosted canary network. First, the new code is sent to Moonriver, where it can be tested and validated under real economic conditions. Once verified, the same code is sent to Moonbeam on Polkadot.

To do this, a full EVM implementation, a Web3-compatible API, and bridges that connect Moonriver to existing Ethereum networks are provided. This allows developers to deploy existing Solidity smart contracts and Moonriver DApp frontends with minimal changes.

The Aurora Near blockchain provides compatibility with Ethereum and serves to scale the main Near blockchain. Thanks to this, fast transfer of transactions with a low commission for gas is achieved. Also, the company makes a significant contribution to the development of the DeFi market. The total blocked liquidity of Aurora Near exceeds $496 million, and the number of projects launched on this blockchain has already reached 86 companies. The implementation of the Aurora blockchain will allow Alium.Finance users seamlessly transfer, store, and trade tokens created on this platform. With low costs, best-in-class transaction finality, and scalability, Aurora redefines what is possible in the Ethereum ecosystem while also expanding NEAR's ecosystem to welcome and accommodate EVM-based applications. With Aurora, Ethereum users can work with familiar applications while benefiting from the efficiency of NEAR; as the transaction cost is several orders of magnitude cheaper than that of Ethereum, Aurora removes a steep financial barrier to entry for users and developers––especially newcomers to the ecosystem.

The introduction of three blockchains will allow Alium.Finance users to get direct access to the networks, as well as attract a new audience to the site, freely send tokens using our bridges. In addition, this event is of great importance for token holders. By attracting a new audience to Alium.Finance, we get new users, liquidity and trading volumes which would positively affect the value of the ALM token," the company commented.

Today, the Alium.Finance platform already supports 9 of the most popular blockchains, including BSC, Huobi ECO Chain, Polygon Matic, Fantom Opera, Ethereum, Metis, Moonriver, Moonbeam and Aurora. This allows users to seamlessly exchange tokens created on different blockchains quickly and securely. In addition, the developers of Alium.Finance are constantly improving the mechanisms of protection and security.

About Alium

Alium is a multi-chain DeFi ecosystem with an ambitious roadmap for cross-chain DeFi and NFT products. The ecosystem combines several products:

Alium Swap is a multi-chain decentralized exchange with a cross-chain option that already supports blockchains such as Binance Smart Chain, Huobi ECOChain, Ethereum, Metis, Matic, Fantom, Moonriver, Moonbeam and Aurora.

Alium Strong Holders' Pools - a great tool for holders to monetize hold term HODLing pioneered by Alium Finance.

Alium Hybrid Liquidity allows users to trade almost any crypto using the liquidity available both on Alium and the rest of the DeFi market.

Alium Bridges - cross-chain Bridges using the multi-chain ALM token integrated with Hybrid Liquidity for seamless and secure cross-chain Swaps with almost unlimited liquidity.

The ALM token is the main token of the Alium Finance ecosystem. In the future, ALM will be used as a utility token for DAO and as a security token for Alium Finance products.

Social Links
Official Website: https://alium.finance
Twitter: https://twitter.com/AliumSwap
Telegram Announcement Channel: https://t.me/aliumswap_official
Medium: https://aliumswap.medium.com

Media Contact
Brand: Alium.Finance
Contact: Karina Krupenchenkova, PR manager
E-Mail: [email protected]
Website: https://alium.finance

SOURCE: Alium.Finance

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

The Bitcoin mining firm Cathedra seeks to propel humanity toward a “positive sum” future in energy production, creativity and more.

March 14, 2022 – Singapore, Singapore Melos Studio, a music NFT creation platform, plans to launch a web 3.0 content discovery mechanism this year. The platform aims to design this discovery mechanism based on the web 3.0 content recommendation algorithm and apply it to the entire platform’s music NFT. The web 3.0 content discovery mechanism […]

The post Melos Studio Set To Pilot Its Web 3.0 Content Discovery Mechanism appeared first on The Daily Hodl.

Singapore, Singapore, 14th March, 2022, Chainwire   Melos Studio, a music NFT creation platform, plans to launch a web3 content discovery mechanism this year.

The gaming industry has come a long way from the days of arcades. From Super Mario to Grand Theft Auto, the gaming industry has seen quite a lot of transformation in terms of enhancing the gaming experience. It has made great strides in the last several decades. In fact, the worldwide gaming industry, which was valued at USD 173.70 billion in 2020, is expected to reach USD 314.40 billion by 2026, with a 9.64% CAGR between 2021 and 2026. Most of the credit goes to the advancement in technology. The emergence of virtual reality (VR), artificial intelligence (AI), and augmented reality (AR) along with their integrations with gaming consoles like Xbox and PS5 has revolutionized the gaming experience into something completely unimaginable. Moreover, with the mass adoption of blockchain technology happening, the gaming industry is now set to transform massively. Blockchain and crypto are already shaping the gaming sector with innovations and utilities while also massively benefiting gamers and gaming companies. A new wave of disruption is emerging. Evolution of the Gaming Industry Games were first regarded as only a leisure pastime. They were designed by computer engineers to kill time. People then soon realized the importance of playing games and this was the turning point where new names started to pop out. Although Atari, Fairchild channel F, Bally Astrocade, and Mattel Intellivision started the era, Nintendo’s Mario was a smashing blockbuster that opened the way for designers to develop a $200 billion gaming business. Although Mario remains the world’s best-selling franchise, games such as League of Legends, Call of Duty, and PUBG have evolved gaming into an unimaginable experience. Games are no longer only a leisure pastime. They have become a national pastime, with gaming world cups being held every year. Millions of dollars are invested to bring the greatest players from across the world to these world cups. Furthermore, the advent of blockchain is now giving games a new framework by offering a play-to-earn model in which players may make real money via cryptocurrencies. Even NFTs and DeFi are redefining gaming by providing tokenization and decentralization features along with real-world applications. Enhancing Utilities with Blockchain Gaming The gaming sector is now adopting blockchain solutions like crypto and NFTs to enhance the gaming experience along with massive benefits to players. Some of these include enhancing the security of the gaming market, enhancing ownership of in-game assets, enhancing the value projection of intangible assets, having more control over games, improving paying methods and trade resources, as well as earning rewards. Although these are some of the few, there are many more benefits that blockchain technology can provide. In fact, a few projects are already offering these benefits and one of them being Xchange Monster. This platform provides numerous solutions to the gaming community and providers through its exchange platform, decentralized payment gateway, and other features. Xchange Monster is an easy-to-use crypto platform that brings together both the gaming community and operators/publishers through the creation of a value-driven ecosystem. It intends to strengthen the interaction between the gaming community and operators for an enhanced gaming experience. The Xchange Monster token, $MXCH is the native cryptocurrency of the platform. It offers a wide range of utilities including token burn, collateralization, discount on trading fees, OTC burns and rebates, socialized gains, and future expansions. The Xchange Monster ecosystem will be powered by the $MXCH token providing stability to the ecosystem. Redefining Industry Standards with Blockchain Solutions Blockchain is blurring barriers and pushing the gaming sector towards a decentralized future. It will allow players to own decentralized assets, play anywhere and with anyone on the globe, enjoy better levels of security, and monetize their time and in-game knowledge in the future of gaming. The blockchain gaming economy has the potential to improve players’ gaming experiences while also providing new revenue streams for players and online gaming platforms. Fortunately, blockchain-based gaming is the next step in safeguarding video games and creating a long-term industry standard. And, with platforms like Xchange Monster transforming the gaming landscape into a unique experience, the world may see a new version revolution taking place. The combination of crypto and gaming will prove to be a disruption in the gaming landscape. The world has to be ready for this evolution. Let’s play the future.      

The CryptoPunks ETH NFT sales surge by 1200% after Bored Apes Yacht Club acquired their IP address as we reported in the previous cryptocurrency news. The Etheruem profile picture collection saw soaring sales after LArva Labs announced the sale to Yuga Labs. The CryptoPunks ETH NFT announced that they sold the IP for CryptoPunks and […]