[PRESS RELEASE – Singapore, Singapore, 7th March 2022] Cartesi’s overall brand identity has been refreshed to match the company’s new strategy and promise. The new visual language, brandline, pay-off, photography, and videos demonstrate how The Blockchain OS should be an inclusive platform, a home for next-generation applications, and a home for what’s next. The Blockchain […]

Neutral Switzerland may target crypto assets within its territory that belong to sanctioned Russian entities, a report has said. The report quotes an official who explains that the move is designed to protect the integrity of the country’s cryptocurrency industry. The official, however, warns that crypto-assets that are not stored with cryptocurrency exchanges are impossible […]

Israeli authorities have reportedly cracked down on cryptocurrency wallets that have been used to fund the terror group Hamas. According to the country’s Defense Ministry, the seizure has dealt a big blow to the terror group, which has turned to digital assets as Israeli authorities continue to crack down on the group’s funding channels. Defense […]

Singapore Exchange-backed private market platform ADDX announced that Oi-Yee Choo will be appointed its Chief Executive Officer. Choo joined ADDX as Chief Commercial Officer in January 2020, moving from UBS,

The post ADDX Appoints CEO to Pave the Way for US$1 Billion Ambitions by 2023 appeared first on Fintech Singapore.

Virtual worlds are no longer just for entertainment and they have become valuable real estate in their own right as a result of people’s willingness to invest time and money in them. It is irrelevant whether these goods and spaces are digital or not, whether they are virtual or real- they are valuable because they are created by people who care about them. Minecraft is one of the first games with no goals or rules, and the game is open for players to build and explore at their leisure. This is referred to as a “sandbox game”, and these games are designed in the sandbox style, allowing children to build whatever they want. What is the Sandbox? The Sandbox is a virtual world in which players can create, own, and monetize their own gaming experience. The platform is based on the Ethereum Blockchain Network and includes an in-house governance and utility token known as SAND. In-game items will be tokenized as non-fungible tokens, making them freely tradable on marketplaces. The Sandbox’s virtual world is divided into 166,464 lands. These lands are the metaverse spaces where players can create and monetize games. Land and estates can be combined to form districts, and districts can be combined to form estates. The project was launched in 2018 and is still in the early stages of adoption and development. The Sandbox’s three main components are Vox Edit, the Marketplace, and the game itself. Let’s take a closer look at the Sandbox’s components. 1. Vox Edit: VoxEdit is a 3D voxel modeling software that enables artists to create and animate 3D objects such as people, animals, tools, and so on. These in-game assets can be used in the game by the artists or sold on the market. 2. Marketplace: Users of the Sandbox project will be able to sell their creations in VoxEdit in the form of non-fungible tokens (available in ERC-721 standards). This will provide creators with an open market to monetize their creations. 3. The Sandbox Game Land: The virtual world of Sandbox is divided into several lands. After purchasing land, a user can use it to create a game and place their in-game assets. Users can use assets to decorate their land and incorporate gameplay features by assigning predefined behaviors to the assets. This can transform a piece of land into a full-fledged game. 4. The SandBox Avatar: An Avatar is an in-game virtual reality representation of a player that can be customized to suit the needs of Sandbox players. Users can try different outfits, hairstyles, and colors to get a unique look. They can also boost the attributes of their avatar with various items available in the marketplace. 5. SAND Token: Sand is the in-house utility and governance token of the Sandbox ecosystem and can be staked on a specific piece of land. As a staker, you will receive a few gems and catalysts as a staking reward, which can be used on the platform or sold on the marketplace. By 2023, the platform’s ecosystem will be converted into a DAO (Decentralized Autonomous Organization). 6. Land and Lands Map: Lands are physical spaces in the metaverse owned by players to create and monetize games and can be rented to game creators. Anyone who purchases a piece of land will be granted a LANDS token, which is an ERC 721 (Non-Fungible Token standard) token. There are a total of 166,464 land areas that can be purchased and 58% of the land has already been sold on the platform. Revenue Model of The Sandbox platform The Sandbox team has identified the following five revenue streams that would help in managing and growing the platform: 1. Advertising Revenue  Businesses will be able to advertise their products or services on the Sandbox platform, and the platform will charge a fee for these services. 2. Company NFT Sales  In addition to the NFTs created by the individual artists, the company also has its own in-house NFT to be sold in the marketplace. 3. LAND sales  Sandbox has been selling the LAND pieces in auctions, which has generated revenue for the platform. 4. Player Subscription and Services  The company would make money from players by charging them subscription fees and other service fees in order to give them access to exclusive in-game features and premium assets. 5. Transaction Fee  The Sandbox would charge a 5% transaction fee on every transaction on the platform. As a result, as the platform grows in popularity, transaction fees will become the primary source of revenue. Partnerships The Sandbox has several renowned partners, such as: Atari Axie Infinity Binance CryptoKitties Dapp Harmony Network Kyber Network Polygon Network Conclusion The Sandbox is a new virtual world that aims to replicate the success of Minecraft in the gaming industry and monetize the whole gaming … Continued

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NFT has evolved into a very popular way to own digital assets and has created entirely new NFT marketplaces for buying and selling them. As the NFT craze sweeps the globe, here are the best NFT marketplaces from around the world to buy and sell digital assets. But let’s first understand what NFT marketplaces mean. What is the NFT Marketplace? A non-fungible token marketplace is a decentralized platform for trading and storing non-fungible tokens. Buyers and sellers must both have crypto wallets in order to complete transactions. Asset holders benefit from strong ownership rights, immutability, and security in the NFT marketplace. You must have been following the trend and waiting for a marketplace to emerge. NFT marketplace can also be set up on the Ethereum and Solana networks as a result of which NFT sales on the Ethereum and Solana networks have skyrocketed in less than a year. For artists willing to embrace a shift in how art is owned and distributed, artistic platforms offer life-changing opportunities. Here are the 7 best NFT marketplaces to buy/sell on ETH/SOL networks. Best NFT marketplaces on the Ethereum network 1. OpenSEA Marketplace OpenSea is a decentralized marketplace for digital goods such as collectibles, in-game items, digital art, and other digital assets supported by blockchains such as Ethereum. It is one of the largest NFT marketplaces, with a 24-hour trade volume of about USD 3–5 million. Users save items in their preferred wallet, which could be a mobile wallet like Coinbase Wallet or Opera Touch, or an in-browser extension like MetaMask. Trading on the OpenSea marketplace is done via smart contracts, which means that your items are never held by a central authority. OpenSea is a decentralized application (dApp), which is a user interface for connecting to the blockchain. The benefit of using this marketplace is that NFT creators, such as digital artists, are paid royalties proportional to the value of their tokens. OpenSea utilizes the Ethereum blockchain standards ERC721 and ERC1155 to ensure that the users and NFT creators do genuinely own the items they trade. The company has now begun work on adding support for the Flow and Polygon blockchains. Furthermore, in response to the rising gas fee on the Ethereum blockchain, OpenSea has announced plans to integrate an Ethereum scaling solution. 2. Rarible Marketplace Rarible is the world’s first community-owned digital collectible platform for creating, buying, and selling digital collectibles. Rarible is the world’s first community-owned digital collectibles platform for creating, buying, and selling digital collectibles. You have complete ownership of your tokens because it is a non-custodial market. Users can also obtain intellectual property (IP) rights through the platform’s Proof of Provenance. The marketplace is open to anyone who wants to create and sell their work. 3. SuperRare Marketplace SuperRare collections are inherently social in nature. Digital collectibles are ideal for social settings because their ownership histories are transparent. The social level can aid in the evaluation of values and other contexts associated with market goods. The SuperRare marketplace recently raised $9 million in funding from investors in order to further develop its platform and relaunch it next year. The platform is built on the Ethereum blockchain, and all digital art is represented by standard ERC-721 tokens. Because the art is one-of-a-kind, SuperRare charges a higher fee. The buyer is charged a transaction fee of 3%. The merchant’s transaction fee, on the other hand, is a whopping 15%. Best NFT marketplaces on the Solana network 1. Solanart Marketplace Solanart is a popular Solana NFT Marketplace. Anyone can create, sell, and buy Solana-based NFTs. This marketplace charges a 3% transaction fee for each successful NFT sale. The creator, on the other hand, has the ability to set their own fee. Solanart aims to promote artists and creators by providing a safe marketplace for them to share their work. Popular NFT collections from the Solanart marketplace include Degenerate Ape Academy, Aurora, Solpunks, and Galactic Gecko Space Garage. Solanart aims to promote artists and creators by providing a safe marketplace for them to share their work. 2. DigitalEyes Marketplace Solana’s first open NFT marketplace is DigitalEyes. Users can use DigitalEyes to create, sell, and buy Solana’s NFT. For each successful NFT sale, DigitalEyes charges a 2.50 percent service fee. Among its top NFT collections are Aurory, Degenerate Ape Academy, Frakt, and Galactic Gecko Space Garage. The Mint Calendar, on the other hand, shows the upcoming NFT drops and launches. 3. Metaplex Marketplace The Metaplex marketplace allows you to create your own branded storefronts. The Metaplex storefront is linked to a decentralised on-chain application that mints and sells NFTs. For each successful NFT transaction, you may be able to avoid marketplace costs. Rather than launching your NFT on the open market, where it will face competition from other NFT ventures, your project will be … Continued

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Upgrades that are in the offing include key elements of the scaling plan like pipelining, new Plutus CIPs, UTXO on-disk storage, and Hydra. These combined with further parameter adjustments will increase throughput and optimize the blockchain.

Key Takeaways Andre Cronje and Anton Nell are leaving the DeFi space. The pair will handing over ownership or decommissioning the websites they control,...

[PRESS RELEASE – Hongkong, Hongkong, 1st March, 2022] As more people begin to explore the realm of cryptocurrency, a new, fast-growing startup is helping people mine for Helium with minimized risks. HeliumRent, offers customers the ability to rent a shared hotspot—eliminating hefty startup costs for those just getting started. HeliumRent’s new service is reliable, legal, […]

The Sandbox has announced a partnership with Cube Entertainment to expand business in the metaverse with the creation of a K-Culture complex in The Sandbox metaverse owned by Cube.

The post The Sandbox expands the metaverse of K-Pop with this key partnership appeared first on CryptoSlate.

Though blockchain-enabled consortia became the modus operandi for enterprises, today, they are in a different Web3-infused landscape and it’s vital that they adjust well.

Bitcoin’s finite supply poses challenges to big banks’ traditional tactics of price manipulation.