During Ferrari’s Q4 2021 earnings call, CEO Benedetto Vigna informed investors that the business is eager to adopt the new technology. Ferrari has announced a partnership with Velas Network, a Swiss blockchain startup that would produce special digital goods and sponsor Ferrari’s racing squad. The Italian luxury automobile manufacturer is not backing down from its plans to enter the metaverse. Benedetto Vigna stated while responding to a question on what the company’s investors should expect as far as the metaverse and NFTs are concerned. Benedetto said that they are looking into how to incorporate new blockchain-based technologies because they will be critical to the company’s future success. He further said: “For sure, the digital technologies, the web 3.0 technologies that they’re using, the Blockchain, and the NFT is an area that is interesting for us, it deserves some attention.” He said that the corporation had established a full section in its retail operation dedicated to digital technology. Ferrari recently signed a multi-year agreement with Velas Network, a Swiss blockchain startup, to establish the brand in the metaverse. Ferrari’s Maranello racing team will receive exclusive digital collectibles from Velas. Velas will also be the team’s official sponsor.
AstroSwap, a high-profile DEX, just launched on the Velas mainnet today, January 28th 2022. According to details of a recent press release, AstroSwap’s ASTRO will likely continue its exemplary performance of the past few months. Traders and ASTRO holders have already experienced, first hand, how fast prices can move, explaining the thrill ahead of the...
SHIB is attempting to distance itself from the memecoin nickname by focusing on the development of a robust crypto ecosystem through new apps and initiatives. Following Shiba Inu developer Shytoshi BEANsama’s latest tweet, the crypto community has speculated that a major NFT partnership will be announced soon. According to media speculation, the big guy this [...]
Bill Miller says 50% of his net worth is now in Bitcoin while the other half is tied to Amazon stock. The legendary investor thinks that Bitcoin is like insurance and has significant benefits over gold. Bitcoin’s price has slumped to $41,000 but Miller says it is the best performing asset class. Boomers are getting […]
A Wharton professor believes Bitcoin is now preferred as a long-term investment by young investors to gold. 2021 was not the best year for gold as it struggled in its role as a hedge against inflation. Wharton launched a cryptocurrency course in Q4 of 2021 to teach the rudiments of blockchain technology. A finance professor […]
The total value locked (TVL) in decentralized finance (defi) has risen 4% during the first four days of the new year from $245 billion on January 1, to $255.84 billion three days later. While the defi protocol Curve Finance dominates with a TVL of $24.44 billion, Convex Finance is closing in on the dominance with […]
With a high potential to make the current metaverse more mainstream, can the Metahero (HERO) token catch bullish attention and reach $6 by 2026? Metahero is a blockchain-based project that utilizes the three-dimensional (3D) scanning and modeling technology in order to generate ultra-high-definition (UHD) avatars and virtual items that can be used across games, virtual reality, social media, and online fashion. The primary goal of the company is to provide future-oriented virtual opportunities in which people can recreate assets from real life and transfer them to a virtual world. Metahero’s diverse target audience includes artists, gamers, famous and influential people, as well as, marketing professionals, professional athletes, and fashion platforms. It allows anyone around the world to scan an actual object and, if they want to, create a UHD avatar in only some minutes. The user only needs to download the Metahero application and access the required number of HERO tokens to purchase the scan on the internet. The latest innovations in this field can be achieved through the partnership formed with Wolf Digital World, the sole contractor and technology provider for Metahero which has created the most advanced meta-scanning chamber for photogrammetry. The technology, consisting of many configuration options and sensors for data collection, has been utilized by companies from automaker Ferrari to video game developer CD Projekt. Let’s look at the Metahero token price predictions for 2022 to 2026. What Is Metahero? HERO powered by Binance Smart Chain (BSC) is a deflationary currency that is helpful in transactions inside the Metahero ecosystem, in addition, payment for 3D scans and royalties can be made. Users can use their HERO tokens to receive passive rewards. In addition, the purchase back and burn program can be activated only when the overall liquidity of PancakeSwap exceeds $10 million. The main functions of HERO are as follows: smart staking: where 0–2% of every transaction is proportionally distributed among all holders as a passive reward; a burn process: where 0–2% of every transaction is permanently burned; auto-liquidity: where 0–6% of every transaction is automatically added to liquidity on PancakeSwap; and buyback and burn: where HERO tokens are burned, and then the Binance Coin (BNB) is used to buyback and burn even more HERO. Cutting-Edge Technology and UHD 3D Avatars Metahero’s UHD meta-scanning chamber gives users the ability to scan themselves and their real-world objects, and later create real-world 3D renderings of the scans within the metaverse. However, one of the distinct features is the possibility for users to permit their avatars for use in games and other applications via the company’s forthcoming 3D Non-Fungible Token (NFT) marketplace, initially scheduled to launch during the 4th quarter of 2021. Although, there’s no information yet about whether the launch actually took place. Meanwhile, some sources believe it is likely to happen by the beginning of 2022. This feature will allow users to make money from their avatars or generate extra revenues by generating NFTs. In the course of this year, the company launched its Metahero application, which lets users monitor and manage their wallet activities and investments with real-time information and analysis. In its white paper, the company also states it plans to join with Visa at a later time to enable HERO holders to use their tokens to cover their everyday expenses. Metahero’s Mega Features A crucial feature of the Metahero ecosystem is the UHD meta-scanning chamber that consists of 16 mobile columns equipped with a server unit of four cameras, all snapping pictures at full synchronization. Also, 12 meta-scanning chambers will be initially distributed throughout highly urbanized locations across the world. Meanwhile, the first chamber has already been installed in Doha, Qatar. In other Metahero crypto news, the company stated that it is currently working on upgrading existing meta-scanning chambers with new features that will include 16,000 UHD-resolution, foldable and mobile designs to enable easy transportation, shipping, and set-up, as well as integrated photogrammetry head-scanning and facial mimicry. This year, it was also announced that Metahero’s exclusive contractor and technology supplier, Wolf Digital World, has partnered with one of the world’s largest manufacturers of electronic products – Sony — in order to co-develop an advanced photogrammetric scanner, which could provide a further boost to the project. HERO Token: Price Analysis Flashback: The Fundamental Analysis of HERO HERO/USD Daily Chart The HERO coin price shows a bearish reversal forming a descending triangle in the daily chart. The reversal comes after the rejection near $0.26, causing a downfall of 50%. The downfall finds support near $0.12 that acts as the base of the triangle. Let us now look at the Metahero price prediction. Metahero (HERO) Price Prediction 2022 The breakout of the resistance trend will initiate a bull run that may gain momentum in the first half of 2022 and reach a high of $0.50. Moreover, the … Continued