Category: Cryptocurrency News

We have good news and bad news. The virtual New York you’ve been waiting for is finally here, but it’s already sold out. On Next Earth, the NFT-based replica of our planet, some of the most expensive virtual real estate was in the digital replica of New York. Some lucky metaverse New Yorkers already own the likes of Central Park. That said, virtual Earth is big. With any area of Earth open for sale, there’s a powerful opportunity for NFT collectors to buy their own slice of the virtual planet. How Much Is Digital Land Really Worth? Every metaverse has its own NFT economy. The one in Next Earth has already sold over $1.7 million of virtual real estate. This figure includes not just the likes of Central Park and the Metlife building, but virtual lands around the world. The value of digital land comes from three sources: scarcity, location, and demand. The more rare the land, the more valuable it is. But if you can afford to buy virtual New York City, then congratulations! You’re one of the virtual world’s wealthiest people. Scarcity is naturally tied to location. That said, even if you buy a plot of virtual land in the middle of nowhere, you will soon be able to create pixel-based land art, resources, and more on it, which means that any plot of land can have utility and value. But there’s more to real estate than just location and scarcity. It also depends on how much people are willing to pay for it. In the case of digital New York City, this is an important distinction to make. Do people want something small (like a house or apartment) or do they want a slice of the city itself (like Central Park or Times Square)? This will affect how much you have to pay for your piece of virtual land. Virtual Land Beyond New York Even though New York is one of the most famous parts of the virtual universe, it’s not the only piece of virtual real estate that people are buying. There are other parts of New York, like the Appalachian and upstate New York, or you could buy pieces of Paris and San Francisco. The metaverse is largely defined by its NFT-based digital real estate. As with any real estate market, location matters. Let’s dive into some other locations. Virtual Washington is an area that spans from the Washington Mall to the US Capitol to the White House. It’s a huge stretch of virtual real estate, with its own distinct landmarks and architecture. And people are paying big money for it, because the underlying NFTs represent the most iconic architecture of Washington DC. Virtual Paris is attractive to digital sightseers because of its famous landmarks, like the Eiffel Tower or Notre Dame. The NFTs for these virtual buildings may one day be re-sold at eye-watering sums. In a similar vein, there are also beautiful castles that are being bought — presumably by NFTs collector who wants a slice of history in this digital world. Meanwhile, the famous Arc de Triomphe in Paris was originally bought for $100, and then re-sold on the NFT marketplace for an incredible $3,400 – on the day of the marketplace launch! Most Expensive Countries These are just a few examples; every geographical region has its own virtual real estate market where you can buy land with NFTs attached to them. Some of Next Earth’s most valuable virtual lands are in Vatican City, Monaco, and Macao. The Vatican is being bought by metaverse collectors for its beauty and rarity, including major pieces of Vatican real estate such as St Peter’s Square and the Apostolic Palace. These areas are where the most famous Catholic landmarks are located, including St Peter’s Basilica and the Sistine Chapel. People are paying handsomely for virtual views of this historic place. As of writing, Vatican City tiles are selling for over 42 BUSD a piece, representing a 42,000% growth! When you think about luxury, Monaco probably comes to mind. From the views of the ocean to the yachts cruising around, this small city-state has been very successful in marketing itself as a place where the ultra-wealthy can go to live out their dreams. The real estate prices for these virtual places are high because they’re so rare – Monaco is only so big. Macao is another metropolis that has its own digital real estate market, which spans from the casinos to the waterfront to the historic center of Macao and beyond. Ultimately, Next Earth presents many opportunities for crypto enthusiasts to invest in a variety of environments that you can’t easily visit (let alone own) in the physical world.   Photo by Brandon Jacoby on Unsplash  

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Traditionally, an IDO will give investors a new token that has future profit potential. However, with Gamezone and $GZONE, the concept goes much further than that. It is a way to earn passive revenue, generate profit potential, and access the future of blockchain gaming rolled into one. $GZONE Profit Potential Doesn’t Trigger A Sell-Off Historically, numerous new token launches have surged in value and saw early investors liquidate positions relatively quickly. It can be hard to pass up on a 20x from one’s original investment, as it represents a significant profit. For GameZone’s native $GZONE token, investors treat the market somewhat differently. Even after a 100x ROI, very few people intend to sell their tokens. Nevertheless, you cannot underestimate the long-term potential of this asset. The current 100x ROI is not surprising either. GameZone is developed by the BlueZilla team, which has launched various launchpad services across prominent blockchain ecosystems. Their latest venture for Velas, dubbed VelasPad, noted a 150x ROI within the first two days, indicating there may be more to come for $GZONE. So even though the platform’s focus is different, the long-term approach can bring continuous value to the token. As $GZONE acts deflationary, it can be rewarding to hold for the long term. Stakers will earn revenue from every sale that occurs and get a cut from the fee charged to those who unstake early. Moreover, those who hold the token for the long term can unlock extra benefits, including access to new games, expansions, and Initial Game Offerings organized through GameZone. There is little incentive to consider $GZONE a “flippable” token, as the fees for selling [early] and the long-term rewards are put in place to incentivize holding. Following this successful IDO on Bluzilla’s inhouse Launchpads, the team can continue building its suite of services. The GameZone initiative is about more than a fancy website, as the BlueZilla group aims to provide various tools for developers and communities. Blockchain gaming is a prevalent trend that will likely gain even more traction in the next decade. Why GameZone Is A Big Deal Seeing the $GZONE IDO do a 100x ROI in the first two days is not surprising when looking at the bigger picture. GameZone encompasses a suite of tools to fuel the development and growth of blockchain games. That includes support through incubation, funding rounds, and a Grants Program. Supporting game developers across any stage of project building is crucial to unlocking the next level of innovation and revenue potential. Moreover, GameZone has different “levels” of development. During level two, the team will launch multiple white-label solutions to help developers expand their game and community. Solutions may include NFT lending, onboarding models, and new revenue-sharing options. The GameZone vision is to offer an end-to-end solution to catalyze growth and development in this nascent space. An extra incentive for developers is how they gain access to BlueZilla’s network and resources. It is not always about money, but also legal, technical, and other forms of help, assistance, and advice. BlueZilla’s network spans dozens of partners and supporters across various industries, all of which can offer fresh insights for companies or teams building the next blockchain gaming unicorn. Make sure to keep an eye on GameZone’s Twitter, Telegram, Telegram Announcements, and Medium channels for the latest updates!  

The importance of physical activity has been dramatically underestimated these days and largely forgotten by many of us due to our busy lifestyles. However, giving up the comfortable sitting lifestyle for more physically engaging activities will benefit millions of people, and Bownce offers an appealing and affordable solution. The busy lifestyle, combined with many other responsibilities, tends to push even the very thought of leading a healthy lifestyle in the background. We cannot always find the motivation to try and fit it into our schedules, but that is OK. Again, it is a matter of making choices and sacrifices, although that doesn’t mean you should push physical activities aside entirely. However, a sports tech innovative startup, Bownce, thinks that this is the very thing we lack — the motivation itself — which is why it decided to offer it through blockchain technology. Combining a psychological aspect with an innovative IoT sports device will make you rethink sports and physical activities altogether. Engaging in physical activity can prolong your lifespan. The creative minds and experts behind Bownce understand that health is essential to many people and that sports are the key to a healthier lifestyle. However, since many can’t motivate themselves to do sports, the project aims to do it for them. More specifically, Bownce’s team has built a new and accessible workout tool that lets users see data, progress, and obtain tips for future optimization through a companion mobile app. Bownce firmly believes that sports should be easily accessible anywhere and everywhere. Moreover, the company released a sports IoT ball that allows users to engage in fun challenges and compete with others. The competitive aspect of Bownce’s product can bring together people in ways that were not possible prior. To Bownce and many others, challenges are what make it fun to work out and train. Additionally, getting rewards like professional players makes these “workouts” more exciting and engaging. It is in our human nature to keep pushing for higher scores and different goals and reap the rewards. What is Bownce? Bownce is a sports tech startup established in 2019 in Germany that focuses on offering a new way to view fitness and lifestyle to its users. The project prepares for market entrance around Spring-Summer 2022 and is currently developing the right sports equipment to inspire people to lead healthier lifestyles. The sports tech startup’s team will launch Bownce, a digital IoT device, which was showcased during the AIBC conference in Dubai. This sports device is filled with microtechnology that will allow users to track their performance during exercise and monitor hits, power, speed, precision, and more. Of course, all of this data will synchronize with the project’s smartphone app via Bluetooth. In addition, players will gain support from Bownce and the community to increase their fitness level and relieve stress. That latter aspect, the emotional benefit Bownce’s double punching ball can provide, should not be overlooked. Based on current statistics, consumer desire to perform fitness activities outdoors has risen significantly in recent months. As many as 47% of people would prefer to train outside and elsewhere, rather than returning to the gym. Additionally, 37% of respondents have canceled their gym membership or contemplate doing so in favor of outdoor activities. Bownce aims to create a unique environment that welcomes everyone, regardless of their fitness level, age group, nationality, and location. Users from across the globe are welcome to join, while the project aims to inspire them to train, challenge themselves and others, and work out to meet and exceed those challenges. Moreover, players can engage in global competition through sports events. Participants can earn crypto tokens, adding a financial incentive to helping people get more fit. Overcoming challenges When new products come to market, building up a community and customer base from scratch is essential. One key challenge is finding that market and audience, although that applies to any sports tech startup bringing something innovative to the table. Additionally, the Bownce community plays a crucial role in this ecosystem. Every community member can support and inspire others to use Bownce’s IoT double punching ball for their benefits, whether for fitness, emotions, fun, or otherwise. Combining microtechnologies with emerging technologies like crypto and blockchain is difficult enough, but convincing the community that this is a product worth their time might be even more of a challenge. On top of that, there is the need to differentiate themselves from others with a unique brand appearance, preparing a good promotion strategy, and alike, which most businesses have to face. Despite the challenges, the concept of being part of a community encouraging a healthier lifestyle is appealing. Additionally, users can exchange stories and experiences with others, strengthening the ties that bind. Creating an exercise-oriented space Bownce has a unique approach to exercising and working out. The team behind the project believes that the lack of such a space is one of the biggest reasons why people give up on their healthy lifestyles. As such, there is a lack of motivation, and they can’t afford to motivate themselves due to their busy schedules. However, by connecting them to a worldwide community that shares the same goals and beliefs, presenting them with challenges, achievements, and rewards, the project hopes to change this and help people prolong their lifespan by engaging in sports activities and achieving hours of fun. Interestingly, Bownce doesn’t have any competitors, although it does have particular market companions. It was inspired by projects that proved that there is a big demand out there for sports activities in home environments. As new trends emerge in fitness and healthcare, it is crucial for companies and startups, like Bownce, to get a head start in these segments. The demand for working out at home gains more ground, and Bownce’s product fits that narrative rather well. All in all, Bownce has tremendous potential, yet gaining widespread consumer traction will remain the top priority. However, as a unique and worthwhile venture, it will certainly attract attention, which encourages its developers to keep focusing on their work and the idea of making the world healthier than ever. Furthermore, the bonus of earning crypto tokens can serve as an incentive for users to stick with their fitness activities for longer periods.

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Cooperation between public and private sectors would be vital for a global CBDC system, says a new joint report.

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Bitbay has become a fully licensed cryptocurrency exchange in Estonia which introduced stricter rules for the industry last year. The European trading platform has recently passed an independent audit that confirmed its “solvency, security and fiscal responsibility.” Audit Examines AML and KYC Procedures at Bitbay Bitbay, a leading crypto trading platform in Europe, is now […]

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