Solana extended recent gains, as it continued to cement its place as the world’s sixth-largest cryptocurrency. ZIL also rose on Thursday, following yesterday’s 50% increase in its value. All of this came as WAVES jumped by as much as 15% during the session. Zilliqa (ZIL) Although solana (SOL) was higher for a third straight session, […]
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Analysts are mostly bullish on BTC’s short term price action, even if a retest of the $45,000 level must happen first.
Composable Finance is pleased to announce that it has raised $32 million in Series A funding. The round included notable investors in the space. GSR, Tendermint Ventures, Fundamental Labs, Coinbase Ventures, LongHash Ventures, Figment VC, New Form Capital, Blockchain Capital, Yunt Capital, Jump Capital, Polytope Capital, NGC Ventures, SOSV, and Spartan Group were among those who participated. This latest round of funding marks another step in Composable’s journey to build and launch what it believes to be the final missing “LEGO” building block in the Web3 and DeFi technical stack: cross-chain composability. Composable argues that despite composability being a defining characteristic of DeFi and Web3, it is, with disappointment, limited to isolated chains and layers in its current form. To that end, Composable Finance is among the first to develop a development and execution environment that aims to deploy orchestration logic that allows for ecosystem – agnostic, cross-blockchain communication in a truly decentralized fashion. The fundraise comes after the successful procurement of two parachains, both on Polkadot (Composable Parachain) and Kusama (Picasso Parachain). Composable has also built out its offering with Mosaic, its transfer-availability layer, Centauri, the IBC Substrate bridge to the Cosmos ecosystem, and Pablo, our next generation decentralized exchange on Picasso. The new capital will be used to expand the team and build products that push the blockchain and Web3 industry further along the continuum of interoperability. Futuristic capabilities like cross-chain computing, with smart contracts that span multiple ecosystems, and developers that spin up protocols that securely handle institutional throughput, are a reality through Composable’s cross-chain virtual machine (XCVM) and Routing Layer. Both sit on our new Composable Parachain, which benefits from Polkadot’s shared security and scale. Composable believes it can achieve a point of absolute blockchain agnosticism, standardizing access for DeFi applications, wherein developers and users enjoy ultimate user accessibility and optimized function across multiple ecosystems. Investors at Figment commented, saying: “We are excited to partner with the team at Composable Finance. Throughout this process, we have seen the team build incredible projects at a particularly amazing rate. We believe the launch of their parachains on Polkadot and Kusama as well as their building a suite of cross-chain DeFi applications, will ultimately lead to greater user adoption of these ecosystems.” Rob Zhuang, Head of Operations, connects product, design, and development to optimize the team’s performance. He believes the new round will enable Composable to deepen its world-class team: “Effectively harnessing the talent, we have to build a world-class team that can execute and solve DeFi’s pressing challenges has been core to what we do at Composable. I am excited for what lies ahead as we empower our team to define the future of DeFi.” Zain Awan, Composable’s Chief Marketing Officer (CMO), acknowledges the significance of this event in scaling their processes and easing adoption barriers: “One of our core strategies has been to lower the barrier of entry into DeFi through effective communication, education, and much-needed thought-leadership in the space. We recognize the nascency of DeFi, and our recent raise will help us scale our processes to fill knowledge gaps and ease adoption barriers. Ultimately, this should help us solidify Composable as the face of DeFi’s future.” Karel Kubat, Composable’s Chief Technical Officer (CTO), brings to light the importance of attracting the best technical talent in order to develop cutting-edge solutions in the DeFi space: “The blockchain and broader Web3 space remain at a point of inception. It has been a little over a decade since the first blockchain. Yet, we are witnessing impressive innovation and user adoption despite the steep learning curves required to navigate the technology. Our Series A reflects the industry’s need to solve the problem of interoperability and its related challenges. Composable will attract the best technical talent most interested in tackling challenges at the forefront of DeFi and help build the future we all want through our technology stack.” 0xbrainjar, Composable’s Founder and Head of Product, spearheads the development of Composable’s novel innovations. He holds deep expertise in the blockchain space and a critical understanding of the challenges plaguing the DeFi sector. He commented: “Our vision of absolute ecosystem agnosticism necessitates a radical approach. We believe functionalities must be integrated across different ecosystems in the most scalable manner possible so that they are not siloed into individual locations. In less than a year, we have already built interoperable solutions that abstract the difficulties of this domain to enable any developer looking to contribute to this sector to build with confidence. I am grateful to our partners and investors who have supported us every step of the way. If you’re interested in building a cross-chain future that DeFi needs to scale, we are happy to have you join our ever-growing team.” The team at Composable Finance is excited to leverage its latest round of investment to grow its team and continue engineering novel interoperability solutions in industry.
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Cardano (ADA) has seen the bulls finally reclaim control after a long stretch in the bear territory. This is a welcome change for the digital asset which remains one of the largest cryptocurrencies and widely used networks. However, after properly cementing its position in this bullish level for the short term, the question still remains on how the digital asset is looking towards the long term. ADA Bullish For The Short Term The price of Cardano (ADA) successfully broke above $1.2, which puts it on a bullish path for the short term. The indicators for this include the fact that the digital asset is now trading above the 30 and 50-day moving averages. A very important point for the asset if it is to maintain its current bullish path. This, in turn, has seen investor sentiment start to turn positive for the first time in months. Related Reading | Broader Market Celebrates Bitcoin Breakout, But What About Perp Traders? For the first time since the downtrend began, sell pressure has eased off significantly for Cardano investors. Although the majority of indicators still point towards sell, the gap has become much smaller. This means that buyers are beginning to challenge the sellers in terms of volume. If this trend continues in the vein, then ADA’s recovery is expected to continue as more investors turn towards selling. ADA price reaches $1.2 | Source: ADAUSD on TradingView.com This is however only evident in the short term for the digital asset. It is understable though given that the recovery remains in its early stages. With less than a week marked on the current trend, the digital asset looks the strongest on a two-week scale. But What About The Long-Term? In the long term, Cardano (ADA) is not faring as well. This can be attributed to the fact that the rally is still in its early stages as mentioned above but given that the digital asset has remained in a downtrend for the longest time. It is evident in how the cryptocurrency is faring on the 100 and 200-day moving averages. Related Reading | Shiba Inu Kicks Off Metaverse Project; SHIB Rallies 14% In The Last 7 Days Despite the recent surge, ADA has not been able to trade above these points. It will have to successfully break above $1.5 for it to turn bullish in the long-term and the indicators are not looking good in this regard. Presently, ADA is trading at $1.22. It has been on a steady uptrend in the early hours of Thursday. This puts the next significant resistance point at $1.273. A long way from $1.5 but an attainable goal if the momentum continues to push up. Featured image from Medium, chart from TradingView.com
PRESS RELEASE. Palo Alto, USA, March 2022 – Vechain (VET), the leading layer-1 smart contract platform has announced it is adding Alchemy Pay’s (ACH) mainstream-friendly fiat payment channels and crypto on-ramps to its network. Alchemy Pay is a specialist in providing practical payment solutions that connect up fiat and crypto economies. Its crypto acceptance payment […]
Nonfungible tokens have emerged as one of the most popular use cases of blockchain technology, generating billions of dollars in revenue through 2021.
The metaverse is one tech trend showing no signs of waning – in fact, quite the opposite. Experts believe that the metaverse is perhaps the most significant transformational opportunity to hit branding and marketing since the advent of the internet itself. Investment bank Jefferies states that the NFT market, the backbone of decentralized metaverses, will reach over $80 billion by 2025. Morgan Stanley believes there’s a $56 million opportunity on the table in the luxury goods sector alone. But when we talk of brands entering the metaverse, what does it really mean? Well, setting up shop in a virtual realm isn’t so different from what you’d need to do here in the meat space. First, you need to acquire metaverse land. Most metaverses have a defined quantity of land available for purchase as NFTs on primary or secondary markets. Buying land will give you the “space” you need in the virtual world to start monetizing. Prices may vary, but the scope of what you can do with your land is almost limitless. Here are four ways you can leverage land in the metaverse to max out your possible returns. Build a Virtual Commerce Showcase E-commerce was one of the premier use cases for the internet, giving rise to the global behemoths that are Amazon and Alibaba – both e-commerce firms that have expanded far beyond their retail roots. Now, the savviest brands are setting up their v-commerce outlets in the metaverse, allowing users to browse a range of digital and physical products in a customized, branded environment that isn’t constrained by physical boundaries. Samsung is one example, having launched “Samsung 837X,” its digital-only retail location designed to emulate the firm’s flagship NYC location in the Decentraland metaverse. Decentraland is also set to host the first-ever Metaverse Fashion Week at the end of March, so if the event is a success, it seems likely we can expect a few high-end brands to set up virtual outlets in the metaverse. Build a Play-to-Earn Game The play-to-earn (P2E) craze has taken the gaming world by storm over the last year or so, leading to an influx of VC funding for P2E startups. Some metaverses, such as Bullieverse, allow users to configure their own P2E games on land in the metaverse, creating the opportunity for developer income based on player revenues. Bullieverse has integrated Unreal Engine as its game development platform, which offers rich, 3D graphics without even needing any coding tools. It allows users to build games using pre-defined templates and assets. For brands, this option provides an entirely new revenue stream of gaming income while offering a tailored game to engage potential consumers while paying them token rewards. Bullieverse has also just announced a partnership with Admix, allowing anyone to further monetize their game creations with non-intrusive, opt-in ads from any of the firms 300+ partner brands. Excited to announce our partnership with @Bullieverse 🚀 We’re working with @Bullieverse to bring them the most immersive experiences in their metaverse, with custom builds, In-Play billboards, and even branded #NFTs! Learn more about Bullieverse here: https://t.co/Abo1yiNa3r pic.twitter.com/fYUDCfXO5v — Admix (@admixplay) March 25, 2022 Branding specialists can let their imaginations run riot with all the creative ways to position their assets and products within the game itself. Rewards could also be branded, providing users with tokens that can be redeemed for in-store credit or merchandise. Host an NFT Art Event Along with gaming, NFT art is one of the predominant use cases for the technology right now. Christie’s was the first big-name art auction house to engage with auctions of digital art, while Sotheby’s has joined Samsung by setting up a virtual auction house in Decentraland. However, some innovators believe that the art buyer UX is currently lacking the metaverse touch. Realm is a metaverse project that wants to do away with the rather sterile, eBay-type listing that NFT art buyers currently experience. Instead, Realm offers artists the opportunity to share and present their NFT creations in a unique and creative way. Think of a customizable AR/VR gallery that could be floating through space, underwater, or an interactive exhibition based on sound and movement. Anyone using Realm can create as many realms as they like using a suite of builder tools. Users can create their own exhibition spaces, hold a virtual auction, or invite collaborative creation to explore what’s possible in the world of NFT art in the metaverse. Rent It Out Still not sure what’s the best use of your metaverse land and want some more time to mull over the options? Why not just rent it out for passive income in the meantime? If you’re on a longer-term time frame, you could rent the land to another brand to develop any of the ideas outlined above. But even if you’re on a short-term time frame, there could be other options. For instance, brands wanting to advertise their presence in the metaverse may be willing to rent out your land for advertising space – think the virtual equivalent of the Golden Arches or a band advertising for an upcoming concert. The metaverse is still very much in land-grab mode, so if you’re on the fence, consider that even simply buying and holding could be a worthwhile option if prices continue to appreciate at the rate they have been. Either way, if your brand isn’t currently thinking about a metaverse strategy, you could find yourself arriving very late to this virtual party.
