Author: dfmines

MetaMall just as the name implies is a Mall in the Metaverse where three of the world’s biggest technologies right now (VR, NFTs and DeFi) converge. This is a virtual space where users can buy, sell and lease virtual Real Estate, build and sell Real Estate as NFTs, organize and host virtual games, events and galleries amongst other things. Users can also engage with some of the biggest brands in the commerce, business and entertainment industries from the comfort of their homes. Token holders of MetaMall will be called Metamallers and the platform will serve as a primary centre for crypto enthusiasts of all levels. Users will have access to crypto knowledge and immersive entertainment in one location for the first time. Metamallers will be able to make money for themselves by owning Real Estate, selling advertising, playing games, creating networks, and much more. MetaMall is built on the Solana network, which ensures the fast completion of transactions and cheapest gas fees and features a cross-chain compatible wallet. This is an entire VR shopping and lifestyle experience zone and we are pleased to announce that we’ve completed all our token sale rounds and our land sale is now live. $4.6 million was raised in our Funding round – Seed/Angel/Series A: Pre-IDO (which is now closed) through token sales and over $1 million has been raised so far through NFT Real Estate sales. Some of the industry’s leading Venture Capital firms were among the investors in these rounds. A couple of these key investors include 316VC, MarsVC, WLI Capital, BullPerks, HVS Ventures, CCK ventures among others. A representative of MarsVC, one of the investors said, “We are very excited to partner with Metamall. Serge and team’s experience in building innovative companies and vision of metaverse will make Metamall an exemplary success.” Serge Gianchandani is the Co-Founder of MetaMall, a serial entrepreneur with 12 patents on 3D and VR imagery products and also the founder of Egg Solution Optronics. In 2001 Serge became the leader in immersive technology. Serge co-founded Moksha and scaled the company from Zero to $20 million with 300+ clients across the globe like Amazon, Kmart, Flipkart etc. Serge sold his 1st company to Wave Comm (Anant Nahata) the owner of KOOVS. Sahan Ray is the other half of the founding team of MetaMall and an IIT and IIM Alumni. Sahan has led multiple businesses to Unicorn Status. He led the planning and execution of major projects at Benetton India, achieving a GMV of more than $200 million as AVP of Revenue at Jabong. Sahan also led a business leadership team driving 40X growth in 23 months to cross the $2 billion annual trade at Udaan.com. Giving his thought as regards the completion of the funding rounds, Serge Gianchandani said, “We see generations of users spending quality time on Metaverse for gaming, social networking as well as building wealth. Metamall is a unique convergence of metaverse, NFT and crypto that enables enriching user experience as well as giving brands, individuals and experience owners to connect with their audience. We are very excited as this journey enters its next phase.” The funds raised in these rounds will be used to scale up the tech and marketing teams and to work with leading tech platforms and designers to deliver the most innovative and engaging metaverse for a proper and enjoyable retail and gaming experience. It is important to mention that our pre-IDO token allocation to generate funds is now closed and the NFT land sale on MetaMall is currently on. The land sale however will be closed before our IDO which is planned for January 2022. We are looking to take the MetaMall platform to live in 6 months and we’re well on schedule to achieve this in that time frame.

Is the China ban to blame for the recent Bitcoin sell-offs that brought down the whole crypto market? That is the prevalent theory. As the main exchanges close their operations in mainland China, the citizens have been fearfully selling their assets. They don’t know if they’re going to be able to transact or even sell their cryptocurrencies in the future, so they’re going back to the Yuan. And we have charts from Arcane Research and a carrot to prove that.  Related Reading | Is This The Reason China Banned Bitcoin Mining? Carvalho’s Mind Blowing Theory Let’s stop wasting time and go to the hard data. How’s The China Ban Treating Huobi? The headline, provided by this carrot, is the following. “Asia’s largest exchange, Huobi, has stopped related trading in China. Bitcoin has been flowing from Asia to the US and Europe for some time.” To elaborate on that, we bring out good friends at Arcane Research’s The Weekly Update. “The final impact of the Chinese bitcoin ban from September is unfolding. After gradually removing Chinese mainland users, Huobi’s share of the global open interest has fallen to 2%, down from its Feb 15th, 2020 peak of 20%.” And they have the charts to prove it: BTC Futures Open Interest, OKEx and Huobi | Source: The Weekly Update And even more data and crucial dates: “Huobi has accelerated its retirement of Chinese mainland customers. On Sept 24th, Huobi ceased registrations for new mainland Chinese customers. On Dec 15th, Huobi ceased spot trading for Chinese citizens. Additionally, from Dec 15th to Dec 31st, Chinese mainland customers are only able to sell digital assets.” So, the crypto downtrend could end on New Year’s Eve because it’s the last day that Huobi’s “Chinese mainland customers” will be able to sell. This might sound like an exaggeration, but look at this bloody red chart: The sell-pressure from China is real. Asia’s largest exchange, Huobi, has closed OTC and exchange transactions. Many people have been forced to sell their #bitcoin because they are worried they won’t be able to trade in the future. Huobi's net position change red past months: pic.twitter.com/gKInTQpE7k — Root 🥕 (@therationalroot) December 18, 2021 “The sell-pressure from China is real,” and it isn’t only coming from Huobi. How’s The China Ban Treating OKEx? The other Chinese giant’s situation is more complex. What’s going on in there? How are they handling the China ban? Rumors are flying. According to the carrot, “The ok exchange has not yet issued an announcement on the clearing.” The Weekly Update has a little more information, but it’s still convoluted.  “The public statements from OKEx are far more ambiguous than those of Huobi. The exchange has publicly stated that the exchange website will be inaccessible for mainland Chinese traders. Further, the exchange has stated that it will not set up offices and teams in mainland China while maintaining the policy of “exiting the Chinese mainland market.” In OKEx’s subreddit, the OKEx helpdesk shared a screenshot from its P2P market, currently allowing traders to trade using the Chinese Yuan.” Related Reading | China Banned Bitcoin Mining. What Happens To Small Hydropower Stations Now? As the first graph shows, OKEx open interest share is also in sharp decline. “In April 2020, OKEx accounted for 30% of the open interest in the futures market, in stark contrast to today’s 8% market share.” The signal is clear, even if the situation is not. BTC price chart for 12/22/2021 on Coinbase | Source: BTC/USD on TradingView.com What About Binance? Sadly, we don’t have as much data about them. The carrot claims that “Binance will be partially cleared at the end of the year.” It also informs us that “Binance’s net position change recently red (likely because of China),” and gives us two very informative charts. In them, the sell-pressure that the China ban generated is obvious. While Binance is red, the US and Europe-centric Kraken is very much in the green. If we compare this to Kraken, which is mostly active in US and Europe, we can see that they are clearly Buying The Dip. ✊ pic.twitter.com/qvBWknDKoX — Root 🥕 (@therationalroot) December 18, 2021 So, is the crypto downtrend going to end on New Year’s Eve? The data speaks for itself. Let’s cross our fingers, nevertheless. Featured Image: Myriams on Pixabay | Charts by TradingView

Metaverse + Monopoly. Imagine Blackrock for Metaverse, but decentralized and owned by DAO. Metapoly is the first decentralized metaverse land tycoon that helps you drive investment in the Metaverse. With the recent successes of NFTs, it’s clear as day that the things the world terms as valuable are changing. With Metapoly, you get to be…
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've been thinking of using crowdsourcing and code to create NFT's. I feel this would help build a solid community. This is an early example (about 100 people added a pixel, and some code built out the rest) Thoughts? (example: https://imgur.com/LEy3l6u) submitted by /u/RocketFuel_NFT [link] [comments]

submitted by /u/adikul [link] [comments]

submitted by /u/MrCoffeeGuy420 [link] [comments]

More than 100 companies that applied for a license to offer crypto services in Singapore have either been turned down or withdrawn their applications. “Cryptocurrencies could be abused for money laundering, terrorism financing, or proliferation financing due to the speed and cross-border nature of the transactions,” said the country’s central bank, the Monetary Authority of […]

The decentralized finance (DeFi) project Hubble Protocol has recently closed a seed funding round that raised $3.6 million. This early support for Hubble comes from several major and influential names in the crypto industry who are key players working to expand DeFi on Solana, which is currently the world’s fastest blockchain. Participants in Hubble’s early private round include Jump Capital, Delphi Digital, CMS, Mechanism Capital, Spartan, DeFi Alliance, Three Arrows / DeFiance Capital, Digital Strategies, and Decentral Park Capital. Each of these backers has thrown their weight behind Hubble as it enters the quickly growing DeFi market boasting a total value locked (TVL) of over $200 billion spread across multiple blockchains. This show of support for a DeFi hub on Solana will hopefully help revive DeFi composability and onboard the next million users to DeFi services offered with low-cost transactions on a single Layer 1 blockchain. Solana’s Quest for One Billion Future Users Heats Up Blockchain technology has been hailed as the next big disruptor for countless industries including streaming and social media, supply chains, and financial services. Additionally, the future of the web, known as Web3, will rely on distributed ledger technologies (DLT) like blockchains in order to make the next step-change in connectivity possible. However, early attempts at building a blockchain that can handle the scalability necessary for onboarding the next generation of the web have run into multiple issues. Time and again, Ethereum Virtual Machine (EVM) blockchains have proven to face congestion periods where transaction speeds slow down while the cost of transactions rises dramatically. As a result, the advancement of innovations made possible by blockchain tech has stalled–that is, until Solana began firing up in earnest earlier this year. Many have taken notice of Solana’s scalability, speed, and low costs for transactions. Last month, during Solana’s Breakpoint conference, Reddit Co-Founder Alexis Ohanian pledged $100 million to build social media platforms on Solana’s network. More recently, Michael Jordan has turned to Solana as the home for his own NFT enterprise. In November, Solana Co-Founder Raj Gokal stated Solana’s ambition was “to see 1 billion people using the network,” and realizing this goal means a proliferation of user-friendly projects that solve major pain points for the world’s population. Developed with mass adoption and growth in mind, Hubble hopes to be a large part of onboarding the next generation of users that add up to Gokal’s billion. Hubble Build on Solana Tech to Empower DeFi Users According to Delphi Digital Co-Founder Yan Lieberman, “We are very excited to be investors in Hubble. Delphi continues to be a supporter of the DeFi ecosystem and its potential for impact across every vertical within finance.” Lieberman also noted, “One of the many exciting ecosystems for DeFi innovation is Solana, and accordingly the developer activity there has boomed over the last year. The team behind Hubble is world-class and we are thrilled to work alongside them to build DeFi primitives, from borrowing to structured products and beyond.” Hubble’s first phase of development seeks to launch a Solana-native stablecoin, USDH, and DeFi 2.0 borrowing services that “supercharge liquidity” for its users. After developing this phase of Hubble’s launch, the protocol has declared two more phases of development that will introduce structured products and undercollateralized lending, the last of which has been considered a “holy grail” in crypto for quite some time. The combination of Hubble’s financial services and the cost and scalability of Solana could mean millions of people will gain access to finance through Solana-powered DeFi in the near future. USDH Fills a Stablecoin Gap in the Solana Ecosystem Stablecoins and the ability to increase one’s liquidity by borrowing against assets are two key elements of DeFi. The crypto market would fall apart if everyone sold their bitcoins, but what’s the point of holding a valuable asset if holders cannot benefit from that asset’s value? In order to reap the rewards of holding valuable tokens, many users have turned to DeFi borrowing platforms in lieu of selling their crypto. This means that the practice of taking an overcollateralized stablecoin loan has become a standard procedure as one of the first steps for participating in DeFi. Due to Solana’s low-cost transactions, Hubble’s development on the network ensures users are getting an improved user experience through maximum capital efficiency. Another effect of building on Solana is that Hubble will be able to launch a stablecoin that should theoretically remain very close to the value of USD through constant arbitrage. Decentral Park Capital’s recently published investment thesis asserted that, “We believe Hubble is more than just a DeFi Hub. Hubble is building a primary stablecoin for the Solana ecosystem.” The firm went on to say, “We believe USDH can also form the build[ing] block for other DeFi protocols that encompass stable assets at the core of their design.” Hubble Protocol Attempts to Democratize DeFi for the World Much of Hubble’s borrowing platform is geared toward increasing revenue for its users. Users who stake HBB on Hubble will earn most of the protocol’s fees, and these will mostly be paid in USDH, which is collected at a 0.5% rate for minting the stablecoin. One of the novel approaches to sharing revenue with users is the way Hubble handles liquidations for bad loans. Whenever a loan reaches or falls below a 110% collateral ratio, any user can trigger liquidations and earn a small portion of the liquidated account’s leftover assets. The rest of the assets are split between users who deposit USDH into Hubble’s stability pool. This “liquidation democratization” was first pioneered by Liquity, a borrowing protocol based on Ethereum, which has become a difficult chain to use for many due to high transaction costs, so a small portion of the DeFi community that can afford Ethereum’s gas fees have been able to benefit from this innovation. Translating the idea for a stability pool onto a network that the general public can afford to use will see more users receiving a fair share of liquidated assets on Hubble. As more users begin their DeFi journey on Hubble, and as Hubble continues developing into a stable protocol, it will one day fully decentralize into a DAO with community governance, making the protocol 100% democratically organized. Image: Pixabay

I'm pretty fresh on trading crypto & ethereum. I'm really optomistic about ETH rbooming in the next 3-5 years. Would I be a fool to dump my entire savings into ETH and letting it ride the wave? I don't think it'll really tank much and there's only an upside. Let me know what y'all think.…
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