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One of the Largest Banks in the Philippines is Implementing Ethereum With ConsenSys

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UnionBank, one of the biggest banks in the Philippines, is working with US-based blockchain software technology company ConsenSys founded by Ethereum co-founder Joseph Lubin to assist local financial institutions in integrating Ethereum and blockchain-based platforms.

Remittance-Focused Industry

The Philippines has a unique financial infrastructure, and the banks are aware that only the upper class and high net-worth individuals can afford banking services. The vast majority of individuals and even businesses rely on local remittance networks and outlets such as M Lhuillier, Cebuana Lhuillier, Palawan, and LBO to send and receive payments both domestically and internationally.

Remittance outlets are often more readily accessible in rural areas and provinces, especially in areas that are not profitable for banks to establish offices and run all-inclusive operations. In major cities like Cebu, remittance outlets are seen in every corner of every street, sometimes 10 meters apart from each other.

The main reason behind the difficulty of acquiring bank accounts and services in the Philippines is the base balance required by financial institutions. UnionBank, for instance, requires users to store more than $2,000 as default balance, and the failure to maintain a balance of over $2,000 could result in penalties.

In a heavily Remittance-focused country like the Philippines, any technology that could provide transparency, security, robustness, and efficiency in processing transactions is crucial. ConsenSys and UnionBank believe that the blockchain could be the technology that might be able to drastically improve the current financial infrastructure and ecosystem of the Philippines.

Justo Ortiz, the chairman of UnionBank, stated that the blockchain could “crack the hole of financial inclusivity,” if implemented and commercialized appropriately.

In the upcoming months, ConsenSys and UnionBank will closely collaborate to utilize Kaleido, an enterprise blockchain solution launched on top of the Ethereum blockchain protocol, to process information and transactions more securely and transparently.

Alai Garcia, ConsenSys Solutions Lead in Asia Pacific, said that UnionBank is their first bank client in the Philippines and that the country could be one of the few regions in the world that could maximize the benefits of using the blockchain as both public and private sectors are keen on applying blockchain technology to existing systems.

“Our appetite for experimentation is warming the country up for significant transformational change for the next generations to come,” said Garcia.

Vitalik Buterin’s Blockchain Vs. Centralized System Cost Comparison

At the Deconomy 2018 blockchain conference held in Seoul, Ethereum founder Vitalik Buterin, who has continued to work on innovative scaling solutions like Sharding and Plasma throughout the past year to improve the scalability of the Ethereum network, stated that the cost of processing information on the blockchain is substantially higher than centralized systems like Amazon Web Servers.

“Blockchains by themselves are a far less efficient computer and database than technology that has existed for 40 years. If you want to talk about what blockchains are for, the answer is not simple raw efficiency. If you look at Amazon EC2 pricing, the cost of this is about $0.04 per hour.

How much does it cost to make the Ethereum world computer to do stuff for you? Every Ethereum block, which comes every 14 seconds, on average takes about 200 milliseconds for my laptop seconds to process. A block has a million gas and let’s assume the average gas price of 4 GWEI. The cost of filling up an Ethereum block is $13.4 per 200 milliseconds,” said Buterin, emphasizing that using the Ethereum supercomputer leads the overhead to increase by a factor of 1 million.

Buterin also noted that the overhead of using Ethereum over Amazon is larger by a factor of 1 million.

Hence, UnionBank and other five rural banks in the Philippines that are utilizing the blockchain to process transactions have to take into consideration that blockchain technology isn’t necessarily the most efficient technology to process information. A proper use case and application would have to be selected to justify the overhead and opportunity cost of using the blockchain over centralized systems.

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Blockchain

Centaurify & The Music Industry Revolution

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The pandemic has left many industries in ruins—including the music & performing industry. And it should not come as a surprise to anyone as many sectors were already in shambles and required restructuring in order to thrive once again.

The issue that was and still is plaguing the music & performing industry long before the pandemic arrived, was the same as in many other industries—an abundance of middlemen and predatory organizations that sought to maximize profits at the expense of the industry’s sustainability and prosperity.

Instead of restructuring and aiming for sustainability—ill practice continued which has resulted in the music and performing industry to essentially turn into ashes with the arrival of the pandemic.

But from these ashes, a Phoenix started to form, a Phoenix called—Centaurify.

Origins

To understand what Centaurify is—one needs to understand its origins and the exact conditions that were present prior to & at the moment of the birth of Centaurify.

David Rootwelt-Norberg, the CEO and Co-founder of Centaurify—worked in the fashion industry for 18 years, prior to starting Centaurify, and even ran a successful company that dressed famous artists the likes of Post Malone, Isac Elliot, Madcon, Kygo and Pink. That is how David met the famous artist Martin Bjercke commonly known by his stage name CLMD. The work partnership turned into friendship which resulted in David learning all the pain points of the music industry.

Some of these pain points—which Centaurify will address, are the fact that streaming services provide pennies on the dollar to artists that are the foundation of the music industry, and the fact that these streaming services use an algorithm that promotes music according to a very specific set of parameters. This hollow approach destroys the creativity of artists and forces them to essentially all be more or less the same—if they want to succeed and gain popularity on the aforementioned streaming services.

But when the pandemic hit, David learned—through Martin, how broken the music & performing industry truly is. The lesson David learned was simple—because of the lockdowns, Martin lost almost all his income as an artist and was forced to find another job in order to sustain himself. In other words, the lesson is—artists are entirely dependent on live events to make ends meet—otherwise they have to find a second job in order to live, and deliver amazing masterpieces we all enjoy.

To make matters worse, this was a common occurrence even before the pandemic—for artists that are not as famous or successful as Martin—who sold several songs to platinum. This state of affairs hurts everyone—the artists, the streaming services, labels, consumers and essentially every participant of the music & performing industry.

And this is where Centaurify comes in.

Rising from the ashes

The music & performing industry has a chance to be reborn—with Centaurify. The Centaurify team seeks to alleviate all the previously mentioned pain points as well as materialize new concepts that will supercharge artists’ efforts and grant them the financial stability and appreciation they deserve!

The solution is provided in the form of a platform that will facilitate various types of activities. The activities and functionalities that the platform will provide—range from the issuance of event tickets in a decentralized and super-efficient manner, sales of digital collectibles, special perks for fans, preprogrammed and automatically executed royalties distribution—to performing merchandise and clothing drops for fans.

All these mechanisms and activities will be mainly realized with the help of the so-called NFT technology, where the NFT acronym stands for—Non-Fungible Token.

The NFT technology will also solve a burning issue of the music & performing industry—scalping and immense potential revenue losses due to the scalping phenomenon. For those less acquainted—scalping is the action of buying a scarce object such as a graphic card, or a ticket, and selling it at a grossly inflated price. Centaurify will resolve this issue by utilizing smart contracts to program the tickets in such a way that the tickets cannot be sold below or above a certain price threshold. The tickets will be also programmed to provide royalties on each resale in the secondary market.

To create a positive feedback loop within the platform, the Centaurify team decided to provide a portion of the transactions from NFT purchases—to the stakers of the Centaurify token. The ticker for the Centaurify token is $CENT and it will be used to execute all purchases on the platform.

The Centaurify team also decided to provide users and artists the stability that is lacking in the crypto sphere—via a stablecoin that will be utilized within the platform itself.

Thought leadership

David and Martin, in their own words, started the Centaurify project to make the world a better place—through technology and music. David, with his experience as a CEO in the fashion industry that is well connected to the music industry, and Martin with his first hand experience in the music industry—is definitely the type of expertise that a project like Centaurify requires.

Together with the rest of the Centaurify team—they will provide the thought leadership that is desperately needed within the music and performing industry. This thought leadership is already apparent through the steps the team has already taken—such as choosing the advanced & egalitarian Cardano blockchain to build their cutting edge platform and the decision to provide governance mechanisms to artists and their fans.

There is certainly much more to come from this music-based Norwegian startup, which has the vision to make things right by providing a system which will resolve all the issues that have plagued the music & performing industry.

Follow their social media and explore their website—to find out how you can participate in realizing the Centaurify vision.

Twitter: https://twitter.com/Centaurify
Telegram: https://t.me/centaurifyofficial
Discord: https://discord.com/invite/v6ZT7Tg72J
Linkedin: https://www.linkedin.com/company/centaurify
Reddit: https://www.reddit.com/r/Centaurify/

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WITTY is Building the DeFi Remittance Platform to Become the Crypto Gateway For Africa

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WITTY is a fully indigenous African Blockchain FinTech Provider built on the Binance Smart Chain focused on developing Products & Services with the aim of creating a Value Chain in the Decentralized Finance Ecosystem [ DeFi ].

The Vision of WITTY is to play the major role in breaking the third world fence by leveraging Permissionless and Trustless Technologies.

The Mission is to Onboard Africa into the Crypto space one step at a time.

WITTY has identified a big problem in Africa which it intends to solve; it’s a low hanging fruit because no other platform is competing in that space.

WITTY seeks to build a platform that will allow African Merchants/Traders and Businesses to buy Crypto with local currency from their Non-Custodial Peer to Peer Crypto Exchange, convert this Crypto to Fiat Dollar on their Remittance platform and be able to wire Fiat to bank accounts in about 100 countries.

So instead of African Traders to source for Fiat Dollar which they get at very high exchange rates from the black market in order to send to their Western and Asian trade partners; they’d rather buy Crypto on WITTY’s Non-Custodial Peer-to-Peer Crypto Exchange at a far much better exchange rate, convert this Crypto to Dollar on their Crypto Remittance Platform and wire to bank accounts of their trade partners in nearly 100 Countries.

WITTY has secured partnership with a Western Financial Institution to make this happen.

The Market size which WITTY intends to serve is large; according to China’s Ministry of Commerce, trade between China and Africa increased by 40.5% year-on-year in the first seven months of 2021, and was valued at a record high of USD 139.1 Billion.

According to the United Nations Conference on Trade and Development, total trade from Africa to the rest of the world averaged USD 760 Billion in current prices in the period 2015 – 2017

WITTY launched its IEO on November 19, 2021 and will end on December 18, 2021 or when the total of 304,000 WITTY Tokens have been sold whichever happens first. The IEO is currently live on P2PB2B Exchange and the native token would be available at a discounted price and given the project’s focus on taking on the African continent the chances of token appreciation are high. There are no whales, this means no single individual can manipulate the market. The IEO buyers will be the early token holders as WITTY has not raised any funds until now, which means you stand to benefit the most from the token appreciation.

The WITTY token has a low supply with a very large Market-size, this means the upside for token appreciation is very high. The total token supply is 20 Million tokens but the circulating supply is 1 Million tokens and will remain so till April of 2023 thereafter there will be 5% emission from the remaining supply.

As you may already know, Africa has a young population who are very active in Crypto Space. Nigeria currently has the largest trade volume second only to the USA, so the WITTY IEO provides an amazing opportunity for Crypto Investors to get in early on this gem.

There are two platforms that needs to be developed for WITTY to go to Market; the Non-Custodial Peer to Peer Crypto Exchange (where the Merchants will buy Crypto with their local currency) and the Remittance Platform (where the WITTY platform integrates with that of their banking partner to provide users a wire transfer functionality).

The Non-Custodial Peer to Peer Crypto Exchange has already been built, the funds raised from the IEO will enable the completion of the Remittance Platform. The Soft cap for the IEO is $200,000 (Two Hundred Thousand Dollars) while the hard cap is $2,000,000 (Two Million Dollars).

Aside from the Non-Custodial Peer to Peer Exchange and the Remittance platform, WITTY plans to offer other range of products and services in its ecosystem;

  • Staking Platform
  • Crypto Debit Cards
  • Crypto Payment Gateway
  • Lending Platform
  • Utility Platform
  • WITTY Fund (A percentage of WITTY Revenue will be kept in this fund with the aim of acquiring complementary platforms in a bid to make the WITTY Ecosystem more valuable and the WITTY Token more profitable for holders).

It is instructive to say that while the primary focus of WITTY is the African Market, users from around the globe can use the platform and of course investors from around the globe can leverage on their unique selling point to invest in this gem now before it becomes very popular.

What Features Make WITTY a Go-To Platform For Africans?

WITTY has forged partnerships with financial institutions to serve a large market; Witty Protocol plans to provide a more flexible and low-cost fee for accessing Blockchain products and services within its ecosystem, demonstrating their commitment to promoting Blockchain and Cryptocurrency adoption across Africa.

With the help of the highly innovative and decentralised system, WITTY Project is positioned to tap into the untapped resources in the African remittance market. Here are some of the key features in the WITTY ecosystem that could attract users to the platform.

  • Non-Custodial/Decentralized: WITTY never holds traders’ digital assets; instead, they give users complete control over their digital portfolio, allowing for true decentralisation. The decentralized nature also eliminates the possibility of a single point of failure.
  • Permissionless and Trustless: WITTY is a protocol-driven platform that is primarily powered by Smart Contracts. This means there’s very little room for human error, if any at all.
  • Enhanced Security: The decentralised nature of the WITTY platform means that users’ Digital Assets are secured better. Each user’s Digital Assets are stored in a third-party Non-Custodial wallet, which also gives users access to their Private Keys.
  • Agile & Empathetic Management: WITTY believes that Africans are in a better position to solve Africa’s problems because they understand the terrain and can relate to the challenges. As a result, they are more determined to change the status quo for reasons other than economics.
  • User Centered Products: Their products are designed to meet the needs of non-tech savvy individuals and to provide solutions to long-standing challenges of financial inclusion for people from all walks of life; their user interface is simple to use and navigate.
  • Active Tribe: WITTY users will be part of an active Tribe of people who are genuinely curious about you and your progress.

The [WTY] token is the primary means of payment in the WITTY ecosystem, and all transactions take place on the Binance Smart Chain network. Fortunately, this is in line with their goal of developing a completely new solution that is free of the limitations of traditional financial infrastructures. WITTY ensures consistency in maintaining the integrity of data, which forms the nucleus of the entire WITTY
ecosystem, to further boost users’ confidence in their products/services.

The project is also aware of some regulatory concerns about the industry’s proliferation of Cryptocurrencies by some bad actors. So they built a robust system with enhanced end-to-end encryption security while maintaining a user-friendly interface to keep them ahead of the curve.

WITTY Brings a Truly Decentralized Ecosystem For Africa

In 2019, the global remittances market generated over US$700 billion in revenue, and it is expected to grow at a rate of 7-8 percent annually over the next ten years. Remittances are particularly expensive for migrants from Sub-Saharan Africa, with payments of 7.45 percent, which is significantly higher than a large proportion of global transactions and nearly double payments in other parts of the world.

The application of Blockchain technology in the finance industry, particularly in remittances and trade settlement, is the antidote to the world’s long-standing bottlenecks in the financial services sector. And, thanks to their validation blocks algorithm, most Blockchains, such as Ripple and Stellar Lumens, can process over 4000 transactions in real-time within milliseconds. The WITTY ecosystem provides a range of products and services that promote financial inclusion while also contributing to a level of transparency and a reasonable fee structure in the payments industry.

WITTY offers a wide range of products and services that promotes financial success inclusion, and to contribute even more to encouraging a certain level of Fees that are reasonable and transparent

To buy WITTY at a discounted price during the ongoing Private Sale p2pb2b.io

To learn more about WITTY visit Wittytech.io

Email: [email protected]
Telegram: https://t.me/WittyClubOfficial
Facebook: https://facebook.com/groups/marketingonfire

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MoneyTree: The P2E NFT GameFi & DeFi Platform You Must Watch Out For

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The Non-Fungible Token aka NFTs have become one of the most popular use cases to come out of the crypto world this year. Almost every mainstream brand and celebrity have got involved with NFTs this bull season, however, the NFT ecosystem has evolved a long way from its early days of tokenizing art and celebrity memorabilias. NFT projects are now combining the best of two worlds i.e the video games and cryptocurrencies. Users get to play the game while winning valuable tokens in return that can be exchanged or traded on mainstream platforms. However, most of the projects being launched today are either outright bad or just trying to milk on the trend, as most of these P2E games lack variety and engrossing gameplay, while many others turn out to be outright scams due to the heavy centralization in the project. However, a new P2E NFT gaming project MoneyTree has taken a different approach.

Many projects have a high degree of centralization, which creates a single point of failure while also lowering investor confidence in the security and immutability of assets and NFTs. In the case of NFTs, they are frequently stored on a centralised server or cloud service, which goes against the blockchain principle and allows developers to move and edit the assets as they see fit. Many projects are attempting to enter the Metaverse and P2E race with empty promises, limited functionality at launch, and unfulfilled roadmaps.

Money Tree has taken a fully decentralized approach where all the processes happen entirely on-chain with no external inputs or APIs. Being built on top of the Binance Smart Chain helps in scaling the ecosystem while it also reduces the overall complexity of the games that can be developed. The Money Tree platform includes a number of luck-based GameFi mini-games, as well as 1 million NFTs and DeFi systems, all of which are built into the smart contract and available right away. Money Tree uses Chainlink VRF to achieve true randomness on the blockchain. This allows users to operate on the platform without fear of tampering because all results are tamper-proof and recorded on the blockchain.

The 1 Million NFT Collection

The 1 million deflationary NFTs generated at random are all unique and use over 2500 different assets. The NFTs are available in a variety of rarities, ranging from Common to Legendary. Although there are a lot of Common NFTs, there are only about 30k Legendary NFTs. The better the Attack, Health, and Magic stats are, the rarer the NFT; these will be used in a future game releasing in Q1. Rarer NFTs have rarer assets and colours, giving them a more distinct and special feel. The NFTs have a deflationary effect! Using the NFT upgraded dApp, two NFTs of the same rarity can be burned and upgraded to a rarer version. An NFT lottery is automatically run every week. The names of all NFT owners are entered, and a random NFT is chosen as the winner.

1 million NFTs, hosted on IPFS and pinned with Pinata. There are 5 rarities, 2 NFTs can be burned and combined into one random NFT of a higher rarity. NFTs can be purchased through the built in marketplace or through purchasing a random loot box, 90% of the $MONEY from NFT purchases are sent to a dividends wallet and the remaining 10% is burned. Every transaction incurs a 5% tax: 2% goes into LP, 2% goes into the lottery as BNB, 1% goes to marketing as BNB.

Money Tree entered the Metaverse and P2E blockchain revolutions one month ago, with a large collection of GameFi & DeFI functionality available to investors and players alike from the start. Visit the Money Tree website or join the Telegram community to learn more.

What Separates MoneyTree From Other P2E Projects?

MoneyTree is a robust P2E NFT gaming ecosystem with in-game tokens for players. While most of the other projects out there are still trying to figure out the best of two worlds, MoneyTree is not just offering one game for everyone to play, rather a series of games that would keep all types of traders engaged while winning the rare NFTs and in-game tokens.

A weekly BUSD lottery is available to holders of the $MONEY token. The jackpot grows over the course of the week and is equal to 2% of the total volume. The lottery pays out in BUSD, so the price of the token is unaffected. Every week, all holders are automatically entered for free. The higher the number of $MONEY tokens in a wallet, the better the chances of winning. The entire system is decentralised, and the four weekly lotteries have collectively paid out more than $100,000.

The $MONEY token serves as the platform’s underlying currency, and it can be used to play all of the available mini-games. These mini-games are all based on luck and are statistically fair, which means there is no house edge and players keep 100% of their winnings. Many of the games can be compared to a decentralised casino; for example, the game Gridlock is similar to Roulette but without the zero. This means that players can play hundreds of games and their tokens will stay the same on average. Because all of the processes are built on the blockchain, users can interact with the Money Tree platform via dApps on the website or directly on BSCScan if they prefer.

Money Tree and Coinmarketcap.com recently ran a series of promotions in which users could redeem Coinmarketcap Diamonds for a chance to win Money Tree NFTs and $MONEY tokens. Both events drew a huge crowd, with all Money Tree mystery boxes selling out in a matter of seconds. Money Tree allows users to buy their own loot boxes using either BNB or $MONEY tokens directly from the website. These loot boxes ensure an NFT of Uncommon to Legendary rarity. The Money Tree team have also recently locked the developer wallet until 2024.

To learn more about MoneyTree visit Moneytreecoin.io

Twitter: https://twitter.com/moneytreecoin
Telegram: https://t.me/moneytreecoin
Docs: https://en-guide.moneytreecoin.io/

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CoinGecko Joins the RFOX VALT as a Marquee Client as It Enters the Metaverse

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The World’s Largest Independent Cryptocurrency Data Aggregator to Explore New Opportunities in the Metaverse.

25 November 2021 18:00 Vietnam, Ho Chi Minh (RFOX)—Today, metaverse company RFOX (RedFOX Labs) announced its plans to welcome CoinGecko to its virtual world, the RFOX VALT, as a Marquee Client. The RFOX VALT, a virtual world focused on shopping, retail, and entertainment experiences, will introduce CoinGecko to the metaverse space and offer its users, community, and clients a chance to interact with its products and services in virtual reality (VR).

“CoinGecko, the largest independent cryptocurrency data aggregator, will soon be appearing in the RFOX VALT in VR.”

Founded in 2014, CoinGecko has a mission to democratize the access of crypto data and empower users with actionable insights. In addition to providing valuable insights, cryptocurrency reports, and numerous publications, CoinGecko is also considered a thought leader in the blockchain space, hosting numerous events and meetups globally.

“CoinGecko is truly a market leader in their field and a highly respected company in the crypto space,” said Ben Fairbank CEO and co-founder of RFOX. “We have had nothing but frictionless experiences with the team and have watched their rise over the last few years to become a household name in the crypto market. It gives us great pleasure to see such a progressive company join the RFOX VALT.”

With the recent announcement by Facebook stating they would spend upwards of $10 billion to develop a metaverse, the topic has become hot news globally. For companies like RFOX, who have been building their metaverse since 2018, this is welcome exposure and, more importantly awareness, for new users on what a metaverse is and does.

“The metaverse sector is growing at a very rapid pace. We at CoinGecko are excited to participate in RFOX VALT and build in this decentralized metaverse. We will inevitably be spending a lot of time in the metaverse very soon and can’t wait for this future to come along,” said Bobby Ong, co-founder and COO of CoinGecko.

CoinGecko will join the RFOX VALT Callinova quarter as a marquee client. CoinGecko will be able to offer its products and services to its users through new mediums, including VR.

About RFOX

Based in Southeast Asia and established in 2018, RFOX is a blockchain metaverse company. Building in the fastest growing sectors of the internet economy, RFOX builds interoperable companies and applications that are showcased in a virtual world called the RFOX VALT. RFOX has established ventures in RFOX Games (a play-to-earn NFT Gaming platform), RFOX Finance (DeFi Protocol), RFOX TV, RFOX Media (which acquired MYMEDIA MYANMAR with 13 million active users), and RFOX NFT. The RFOX ecosystem is powered by its currency token RFOX and rewards users through its VFOX rewards token.

About CoinGecko

Since 2014, CoinGecko has been the trusted source of information by millions of cryptocurrency investors. Its mission is to empower the cryptocurrency community with a 360-degree overview of the market. CoinGecko provides comprehensive information from thousands of data points such as price, trading volume, market capitalization, and more. It currently tracks over 11,000 crypto assets from over 500 exchanges worldwide. For more information, visit https://www.coingecko.com.

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SpaceSeven to Launch a Game-changing NFT Marketplace

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Switzerland, Zug, 24.11.2021: SpaceSeven — one of the few — if not the only scaled e-commerce, fully regulatory compliant NFT marketplace is expected to launch on November 23, 2021. The groundbreaking platform is built by Tacans, a Swiss-based Software development house, and Venture Builder, with an R&D center in Ukraine, on the Concordium blockchain platform. According to SpaceSeven, this allows the marketplace to significantly lower gas fees — to literally a fraction of the cost of Ethereum or other proof-of-work protocols, however, with transaction speeds that are ten times faster.

Packed with several game-changing features like ‘Universes’ that deliver unique experiences through exclusive customized galleries, SpaceSeven is undoubtedly redefining NFT marketplaces. The marketplace will also allow users to easily add NFTs from multiple networks and supports payment using crypto and credit cards.

Who is Behind SpaceSeven?

SpaceSeven is a multi-blockchain NFT marketplace built by Tacans with Concordium as its primary blockchain. Concordium is ideally suited to host NFTs as it offers 10x faster transactions than Ethereum and has incredibly lower gas fees.

Unlike other blockchains, Concordium is a Reg-DeFi-centric Layer 1 blockchain with an ID layer at the protocol level and fast and real finalization. This gives Concordium a competitive edge, as it is able to deploy a privacy-centric KYT design that protects legit users but at the same time enables it to revoke anonymity of certain transactions if needed.

Concordium’s unique ecosystem has empowered Tacans, the venture builder, to launch SpaceSeven which is an NFT marketplace that is truly sustainable, secure, and regulatory-compliant.

Lars Seier Christensen – Co-Founder & Group Chairman of Concordium and SpaceSeven

“I have been an investor, collector and lover of art for many years. I have never seen a greater opportunity for innovation, reaching new buyers, new creative formats and additional income streams for galleries and artists than the current development in the NFT industry. SpaceSeven is our contribution to this historic opportunity.”

What Problems Does SpaceSeven Solve?

While the growth of the NFT market offers many opportunities, significant challenges still plague the industry. These issues revolve around regulations, high fees, decentralization, security, and sustainability. With Concordium as its primary chain, SpaceSeven hit the ground running with solutions to overcome these challenges.

Regulatory Compliance

Designed with a built-in user identity layer at the protocol level, Concordium ensures that a user’s identity is confirmed and every transaction is trackable. Its Zero-Knowledge Proof design ensures two parties can interact and transact without revealing unclaimed information of the counterparty.

Low and Fixed Fees

Concordium’s transaction fees are well-defined and do not link to the value of an asset. Instead, they are fixed and backed into the protocol. The proof-of-stake model combined with incentive mechanisms ensures that transaction costs stay low and fixed.

Carbon-Net Neutrality

With Concordium’s proof-of-stake model that consumes minuscule amounts of energy compared to other blockchains like Ethereum and Bitcoin, SpaceSeven is proving to be one of the best eco-friendly NFT marketplaces.

Security

For better protection against fraud, Concordium transactions are assigned an encrypted ID. Furthermore, with Concordium’s two-layer consensus design, SpaceSeven remains secure if cybercriminals hijack less than 50% of its stake.

Decentralization

SpaceSeven aims to reduce entry barriers to the NFT market for digital artists, creators, and celebrities. The game-changing features listed above have enabled SpaceSeven to develop a secure, cost-effective, user-friendly NFT platform where all creators can mint and sell their NFTs at a fixed price or in an auction.

Wallet Integration

SpaceSeven will provide support for CryptoX Wallet in our NFT marketplace platform. This wallet will facilitate the CCD token, Concordium’s native token.

How to Access SpaceSeven

Our platform is available for users internationally. To mint, buy, or sell NFTs on the SpaceSeven NFT marketplace, visit our website.

Innovative Partnerships

ENTER Art Fair 2021
ENTER Art Fair 2021 recently signed a partnership with SpaceSeven. The world-renowned art fair based in Copenhagen has over 61 galleries, each minting one NFT. ENTER Art Fair aims to push beyond the confines of artistic conventions and experiment with innovative platforms. This ambition fits perfectly with what SpaceSeven stands for. Over 61 galleries participated in this event. Each gallery chooses just one of their top-rated artists to mint and sell a premium NFT on the SpaceSeven NFT marketplace. The event was held between August 26 – August 29, 2021.

DOROFEEVA NFT GAME
NFTs are now a global phenomenon and the launch of an NFT game with the participation of celebrities in Ukraine is raising great interest in the country. DOROFEEVA, one of the top Ukrainian pop singers, whose tracks are in the top charts of digital platforms, fashion influencer, blogger is the first one to join the platform. On the 27th of November, she will present the game being developed on the marketplace at The Conference.NFT together with SpaceSeven in Kyiv.

About SpaceSeven
SpaceSeven is the world’s first NFT marketplace built on the eco-friendly and highly effective Concordium blockchain as its primary chain. SpaceSeven allows artists to mint NFTs at low fees, showcase their work in exclusive universes, and sell them effortlessly.

Website
Official Telegram Channel
Announcement Channel
Medium
Twitter
Instagram
Facebook
Discord

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RFOX VALT Metaverse Announces New Virtual Land Sale of SHOPs for Its Upcoming Gaming-Inspired Quarter Arkamoto

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November 23, 2021 – Ho Chi Minh City, Vietnam: Today, metaverse builder RFOX announced the launch of the newest quarter of its upcoming RFOX VALT metaverse: Arkamoto, a gaming-inspired virtual space that is also open to all businesses. To spearhead this launch, RFOX VALT has set the auction of 25 premium SHOPs in Arkamoto on December 9, 2021.

The RFOX VALT is a fully immersive, virtual reality-driven retail and entertainment experience in the metaverse that combines gaming elements, bringing together the best-in-class of crypto through NFTs and real-world applications of e-commerce, gaming, entertainment, and more.

RFOX formally unveiled the RFOX VALT in September 2021, when it launched the RFOX VALT SHOP Auction in the metaverse’s arts-inspired quarter, Callinova. During this auction, all 25 SHOPs, or virtual spaces dedicated to metaverse-based shops for various businesses, were sold for a total of 29,503,803 RFOX, which was worth USD 1.4 million at the time.

Arkamoto, the newly-introduced gaming quarter of the RFOX VALT, is named after the combination of the words “arcade,” in reference to popular gaming machines in public venues, and “Nakamoto,” after Satoshi Nakamoto, the pseudonym of the creator or creators of Bitcoin, the first and biggest cryptocurrency. Aside from the SHOPs available for auction, Arkamoto will have several areas dedicated to gaming and live e-sports tournaments in the RFOX VALT metaverse.

During the upcoming SHOP auction for the RFOX VALT’s gaming quarter, a total of 25 SHOPs will be available for sale to interested parties. Auction winners will get their SHOPs in the form of NFTs, which will give them access to tools for customizing their 3D SHOPs with different interior designs and textures, as well as managing their NFT assets on sale. In the future, they will also be provided a hosted white-label storefront website with an integrated NFT marketplace and NFT creation tools.

For this round, SHOPs will be available for sale in exchange for ETH, which will be used as the cryptocurrency of choice for the auction. RFOX intends to use the ETH collected from the auction to buy back RFOX from the market. The shift from the use of RFOX during the previous auction to the use of ETH for the upcoming sale is a strategic move to enhance the tokenomics of the RFOX token through ETH-fueled buybacks of RFOX. In addition, RFOX can more easily spread awareness of the RFOX ecosystem to the wider crypto and blockchain community, while facilitating a more convenient onboarding process to the RFOX VALT.

In the days leading up to the auction on December 9, RFOX will unveil more details about Arkamoto, including additional details of the SHOP sale, use cases for the quarter, and more. These upcoming updates are geared towards giving auction participants and the general public a more comprehensive picture of the prospective value and utility of the gaming quarter.

The upcoming RFOX VALT metaverse is supported by the RFOX ecosystem of products and services that provide enhancements and support to the metaverse that RFOX is building. The RFOX ecosystem includes gaming and NFT generation platforms powered by RFOX Games and RFOX NFTs, crypto financial instruments such as staking and liquidity pools created by RFOX Finance, and potent online media and marketing support from RFOX Media.

Ben Fairbank, CEO and Co-Founder of RFOX, said: “The world is increasingly becoming more aware of the metaverse and its promise as the logical evolution of the Internet. We are excited to welcome the newest participants of the metaverse through our SHOP auction for the Arkamoto gaming-inspired quarter of the RFOX VALT. Together, we will be the pioneers that will have a key advantage as the world capitalizes on metaverse technology in the coming years.”

Since the inaugural RFOX VALT SHOP auction in September, public awareness of the metaverse has significantly increased. Thus far, RFOX has partnered with major blockchain companies Yield Guild Games and ICON Foundation for the RFOX VALT, and these partners will prominently use the RFOX VALT metaverse to showcase their latest offerings and engage with their respective communities in a fully immersive way. Ultimately, the RFOX VALT will be an open-platform, inter-operable metaverse that interconnects with and supports various blockchains, enabling the exhibit of NFTs from different platforms and implementation of several features running on smart contracts and other programs inherent in these networks.

About RFOX VALT
RFOX VALT is a fully immersive shopping, retail, and entertainment experience in virtual reality, combining gaming elements and forming its own standalone metaverse. It brings together the best in class of crypto through NFTs and real-world applications of ecommerce, gaming, and entertainment.

About RFOX
RFOX is a metaverse builder based in Southeast Asia, with a mission to be the global leader in immersive metaverse experiences focused on retail, media, gaming, and rewards, through the RFOX VALT metaverse. The company has built the RFOX ecosystem of products and solutions that include online games, whitelabel NFT platforms, crypto-financial products, digital media platforms, and more. Its main token is RFOX, the digital asset that fuels the RFOX metaverse ecosystem and its immersive technology.

Website: https://www.redfoxlabs.io/rfox
Facebook: https://www.facebook.com/redfoxlabs.io
Twitter: https://twitter.com/redfoxlabs_io
YouTube: https://www.youtube.com/channel/UCjSvr6RFSMlN00mWRiU0mSQ
Discord: http://discord.gg/rfox

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Blockchain

World’s First Egalitarian Marketplace Launches on NexGen Blockchain

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A cadre of 1,000 ‘micropreneurs’ just got a leg up on their big business competitors thanks to the launch of the world’s first egalitarian blockchain marketplace. Texas startup, Blockchain Ecosystem and Exchange, Inc., through its new Healthcare Exchange (HSX), announced today its medical marketplace is now live and supported by CrowdPoint Technologies, Inc.

These micropreneurs are distributors of medical products who benefit from the shared services offered by HSX, which include: a Wix-style development tool for building highly secure digital apps (dApps) on CrowdPoint’s proprietary blockchain; a steady stream of highly targeted leads, driven by predefined customer profiles and ever-evolving predictive models; and a built-in customer relationship management (CRM) system that leverages a combination of historical and real-time data.

Buyers on the platform are Members who first authorize their own decentralized ID, a critical component of the architecture. The buying habits and product needs of the Members, whether stated explicitly or determined by AI-powered predictions, are packaged into non-fungible tokens (NFT), that amount to masked digital twins of the Members. This ensures privacy, but also enables significant awareness of both supply and demand within the marketplace.

Every transaction in the marketplace is persisted on the blockchain as a smart contract via microservices. The metadata of these transactions feeds the real-time CRM which in turn provides dynamic insights and alerts to both buyers and sellers. That’s a key factor which enables a consistent stream of quality leads, and is a stark contrast to traditional marketing efforts that rely heavily on spam and robocalls.

This approach tends to foster several key benefits, including a lowered cost of sale, expedited prospect acquisition (Sales Qualified Leads), higher close ratios for sellers, and thus overall greater efficiency in the end-to-end process of eCommerce. By reducing noise and friction, the marketplace allows participants to focus more on value-adding activities like new product design and community building.

The ‘egalitarian’ component comes into play for two main reasons: First, all buyers and sellers operate within the same transparent environment. Second, every time an NFT participates in a transaction, that member is rewarded with a commission or fee, depending upon the nature of the smart contract. Egalitarianism is a school of thought within philosophy that embraces the concept of social equality.

“The Marketplace on the Healthcare Exchange is a special endeavor for the Blockchain Ecosystem,” said Heidi Huff, VP of Products of CrowdPoint Technologies. “The Ambassadors, Distributors and Resellers in this marketplace have helped to shape the strategy of our Blockchain Ecosystem and we are excited to announce this launch.”

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Blockchain

Funding Community Grassroots Through A World First In NFTs: Canadian Youth Soccer Club Strikes A New Fundraising Venture

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Non-Fungible ‘Turfs’ scheme aims to create a tangible investment for the next generation of aspiring Canadian soccer players created by Frosty, a creative company founded by former Nike and Burberry executives. With the Canadian men’s national soccer team well on their way to making history by qualifying for the 2022 FIFA World Cup for the first time since 1986, the sport has seen a dramatic surge in popularity across Canada.

The national team’s heroics on the pitch have been an added motivation for a youth soccer club in Vancouver Island, B.C. who, in a world first, has taken to the NFT market to help save their community’s playing field.

Every year over 150 hours of playing time are lost as Peninsula Soccer’s fields have been impacted by increased rainfall resulting in ever-worsening damage to the playing surface. The club’s 600 players from the local areas mainly aged between 5-18 have been forced to stay at home more frequently which has resulted in negative impact to their physical and mental health.

In order to take quick action and get the club members playing again, Peninsula Soccer has made the exciting jump to exploring NFTs as a creative way to secure funding.

Together with branding agency Frosty, Peninsula Soccer has created a collection of 5,000 NFTs, each representing one virtual square meter section of artificial turf of the club’s future field. As the first community club to create this, as well as funding their new playing field, their ambition is to inspire other amateur clubs around the world.

“We reached out to a number of large brands and local donors, but appreciated it was a lot to ask. We needed to try something else, more community-driven and more ambitious,” said Rob Byers, Peninsula Soccer’s President. “The annual upkeep for the grass fields is costly, and impacts the other resources needed to support the club and its players.” This is where Frosty, who have a local connection to the club and area, and have experience in the digital and gaming space, stepped in. “They pushed us to dream bigger for the future of the club and the youth we serve.”

Available on Open Sea, one of the largest NFT marketplaces, the sale of these NFTs (which the club are cleverly referring to as Non-Fungible Turf) will go directly into the construction of their physical counterpart. The initiative’s goal, through the creation and sale of the NFTs, is to raise $1M CAD to fund the building of the new field. The club will only take the fee of the first sale of each NFT of $200 and the owners of the NFTs are free to further trade, with no commission going to the club.

Frosty’s Greg Stogdon, describes the initiative as a new approach to hyper-local crowd funding. He explains: “The first purchasers of the NFTs are contributing directly to the funds necessary to build the physical turf field in the future— the digital investment has a physical value and direct reward to the young athletes of Southern Vancouver Island. Together, this allows all of the NFT owners to be a part of a positive shared experience between the club, its players, and the youth community at large. This is a purposeful way for NFT investors and collectors to contribute to real world change in the daily lives and well-being of hundreds of kids through fundraising towards the creation of year-round soccer facilities and an outdoor home for play and connection.”

The NFTs are available to purchase with Polygon on Open Sea. Polygon is a natural fit for this project owing to its design as a way to improve accessibility to blockchain to a wider audience. Polygon helps remove the traditional barriers that have prevented the core Ethereum network from supporting community projects like this.

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Blockchain

Out of Space Brings the Best of Defi and NFT Under One Roof

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Today the crypto market is at its peak with three trillion valuation and the whole market making a new ATH one day after the other. However, with the growing popularity the use cases of crypto market has also surged drastically with several new ecosystems thriving within the cryptoverse. Two of the most prominents use cases in the current market includes Defi which has grown to become a multi-billion dollar ecosystem on its own and the NFTs which have become the breakout use case of the crypto world. The NFT craze has engulfed the whole of mainstream with every mainstream brand and celebrity getting involved with some form of the NFT project. With so many use cases and ecosystems, it’s increasingly becoming complex for users to get everything in one place and this is where Out of Space comes to the rescue.

Out Of Space is constructing a full ecosystem that includes a trading terminal, CEX (centralised exchanges), and decentralised exchanges. ed trading in a single location and offers all DEX and CEX opportunities It takes advantage of all the benefits of existing DEX and CEX technologies and offers a variety of trading tools. The platform plans to launch its seed round soon. A user account that includes statistics and a listing of all transactions. The ability to change the size and location of any block in the terminal’s working space is provided in an interactive workspace.

The Out of Space project began recently and already has a beta product on offering. The creators released a fully functional product prototype which is constantly improving based on user feedback and market trends. The Out of Space community has been expanding by the hour and expects to become one of the most notable decentralized communities very soon.

What Makes Out of Space So Special

The Out of Space ecosystem is as different as the name suggests, it combines the best of Defi, P2P, P2E and NFT together, becoming a gateway to the crypto ecosystem for new entrants. What makes it even more special is the fact that it is building the whole ecosystem from scratch starting with developing its own blockchain, rather than depending on any other platform. This ensures safety, privacy and more decentralization as they won’t have to depend on a third party. Smart contracts will be supported by the multi-layered blockchain, allowing developers to deploy independent dApps that can interact with one another. Payments between different dApps on the blockchain are possible, as are the use of common ecosystem tools making for a seamless ecosystem.

The company has also created an internal P2P cryptocurrency exchange service for ecosystem participants. Any platform user can discuss the best conditions for exchanging digital assets. Furthermore, the escrow service will ensure transaction security and user trust.

The NFT marketplace would be centred on artists, where their creativity and potential would be assessed first, and then the best conditions for the creation of NFT would be offered. Only the lowest commissions and a detailed description of all NFTs are available. But that is not all we have to offer. Some people are always in need of something, while others are always willing to provide it. The marketplace has been developed for traders, investors, developers, job seekers, and IT/blockchain professionals, meaning created keeping every profession in mind.

There are hundreds of new NFT projects claiming to launch some ultra rare digital collectibles, however, there are very few selected and trusted number of marketplaces in the crypto market today due to lack of quality projects and review process. And a few which are great to use have a very high cost of transactions. Out of Space aims to end that with its platform that will host, list and trade only selected and rare NFTs with minimal trading and minting fees.

Out of Space is Building a Multi-Purpose Blockchain Ecosystem

Imagine a crypto platform where you can buy, sell and trade along with NFT auctions and trading and also a staking service for passive income. Out of Space has all these and its building even more functionality into its ecosystem. The platform offers the best of CEX and DEX functionalities as well which are integrated into the system, thus one can choose between the two as per their convenience. The seamless functionality is something that makes Out of Space so attractive.

Building a multi-utility crypto ecosystem could be a tough task, but Out of Space is taking each step with utmost care and aims to deliver a finished benchmark kind of platform. Investing in an ecosystem with such multiple uses and services would only multiply once the network becomes more mature overtime. The platform would also develop a decentralized NFT social network with a personal NFT page for each participant, and a messenger inside the ecosystem, that would allow traders to interact as well as earn from the social network platform.

To learn more about Out of Space visit Outspace.io

Twitter: https://twitter.com/outspaceio
Telegram: https://t.me/outofspaceann
Out of Space Chat: https://t.me/outspace_chat

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Blockchain

Hyper Inu Opens Presale For Golden Members, Here’s Everything You Should Know

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Novosibirsk, Russia, 17 Nov 2021, Hyper Inu is a blockchain Smart Contract built on Binance BEP-20 protocol and announced its Third Pre Sale opening for the Golden Members. The presale is open till 22nd November and Golden Members can bag the native token at a discounted price which is expected to surge to new highs post listing. The details of the Golden Member Presale has been listed below

  • Presale Price – 0.00000006 $ 
  • Listing Price – 0.0000003 $ 
  • Listing on HotBit & P2PB2P – 13th Dec. 2021
  • Start Date – 16th Nov. 21 
  • End Date – 22nd Nov. 21

Hyper Inu is going to build the entire ecosystem within one umbrella of Hyper. Under this ecosystem it will build a revolutionizing Hyper Gaming Platform which will enable users to play and earn at the same time. This platform will have Multiplayer PvP Battle game, Farm game, Real Time Strategy game, Puzzle game and many more. NFT gaming has become quite popular in the wake of NFT frenzy this bull season, The ecosystem has also progressed rapidly with the rising popularity, Currently Play-to-earn NFT games are the craze which combines the best of NFT ecosystem with the gaming industry, Users can play games to earn native token and rare NFTs which then can be traded on real world exchanges or hold to earn profits or passive income.

Hyper Inu aims to incorporate the best of current trends, be it Defi, meme tokens or NFTs, the Hper platform has brought all together under a single umbrella to become the all-in-one ecosystem. The all-in-one ecosystem would boasts of many things including,

  • Hyper Swap will allow traders to exchange their BEP-20 and ERC-20 tokens/coins for another while keeping full custody of their tokens/coins.
  • Hyper CEX will be a centralised cryptocurrency exchange with a Launchpad and a staking mechanism.
  • Hyper Wallet is a safe and secure decentralised wallet that supports Ethereum and Binance Mainnet tokens as well as Testnet tokens. Users can conveniently store their valuable tokens/coins.

How to Buy Hyper Inu (HPE) Token

Hyper Ecosystem’s native token HPE would act as the fuel and governance token of the ecosystem. Being built on Binance Smart Chain with smart contract support would enable HPE to not just become a governance token, but also a token which is easy to transact with a cheap gas fee. The token is currently available at a discounted price before a major listing that can shoot its price. Looking at the current bull market where meme tokens, NFT tokens and DEfi protocols have surged to new highs, the Hyper ecosystem that incorporates all the above three would definitely have the potential to make big in the current market. Let us see how one can buy the HPE token in a few simple steps.

Users will be required to hold Smart Chain BNB in their wallet to buy HPE
Website Link: https://hyperinu.com/

For Trust Wallet users

  • Open DApp browser, Copy and paste above mentioned link in search bar 
  • Click on Buy Now Button on Website 
  • Connect your wallet 
  • Fill the Smart Chain BNB value you wish to buy 
  • Press Buy Now

Metamask users ensure you have added the Binance Smart Chain Mainnet Network. If not, then follow below steps to add:

1. Open the Settings window in Metamask
2. Click > Network
3. Click > Add Network
4. Fill details mentioned in Image
5. Click > Save
6. You have successfully added the Network
7. Select the added Network from Network List Post that, open browser window in Metamask, Follow the steps mentioned for Trust Wallet users.

Hyper Inu listing on HotBit and P2PB2B is confirmed on 13th Dec 2021 and a listing on Latoken is on the way as well. The firm is currently running pre-sales for different class members while holding an IEO on p2pb2b and a similar IEO would launch on LAtoken on 16th November.

Hyper Inu Offers a Deflationary Token

The hyper Inu project has tried to incorporate the best of each world with focus on security and ease of transaction. The native token has also been made deflationary quite similar to the paret chain’s native token Binance Coin (BNB). The deflation would lead to burning of circulating supply from time to time to ensure the value of the existing supply increases. This particularly works with crypto tokens with large supply caps. Hyper Inu with a supply cap of 75 trillion also falls into the category, thus it would incorporate the burning of tokens.

Hyper Inu has already completed the first burn event where it burnt a total of 20.25 trillion HPE tokens in the following order,

  • 4.05T HPE – 10.11.2021 (Burned) (details are available on Website)
  • 4.05T HPE – 30.11.2021
  • 4.05T HPE – 20.12.2021
  • 4.05T HPE – 10.01.2022
  • 4.05T HPE – 30.01.2022

Being a meme themed currency, Hyper Inu is also community centered and all key decisions regarding the project would be decided by these community members. However, Hyper Inu would incorporate a more organized way rather than a twitter poll of sorts. The HPE token which would be the governance token and its holders would be able to vote on important decision making processes. Insiders also claim that Hyper Inu could very soon find its way onto Binance which could help its price surge by multi fold.

To learn more about Hyper Inu visit Hyperinu.com

Social Links :

Telegram: https://t.me/hyper_inu_official
Twitter: https://twitter.com/inu_hyper
Whitepaper: https://bit.ly/3GX6ppk
Audit Report: https://bit.ly/3oldDeu

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