metis to revolutionize nfts with launch of community minted nft rebuilding the tower of babel/5/11/2021 The craze for Non-Fungible Tokens (NFT) has engulfed the blockchain space as more people move towards this unique sector. The ability to sell works of art and tokenize real-life assets has ensured that the NFT sector has grown immensely, with record sales of NFTs witnessed in recent weeks. However, to this point the NFTs released have been for personal gain or issued by large companies and organizations. Metis, a blockchain project focused on developing Decentralized Autonomous Companies (DACs), plans to introduce a new concept with the launch of the first ever community-minted NFT, named ‘’Rebuilding The Tower of Babel’’. First community-minted NFT The ‘’Rebuilding the Tower Babel’’ NFT will bring together a community of incentivized contributors. NFT participants will take part in five major phases: Reserve Airdrop, Claim Tribe NFT, Community NFT minting, Auction, and Rewards. Community members that participate in the airdrop phase can unveil a mystery box displaying three cards. Each card has a mining power reward attached to it. The mining power represents the rate at which users can mine Metis Tokens within the incentivized pool that will launch when the community NFT project is finished. The vast majority of rewards will offer 1x mining power, while a few lucky participants will receive 3x mining power. Apart from the reward cards on offer, participants will also receive an option to create a Tribe on the Metis blockchain and receive Metis tokens via airdrops as an incentive. The Tribes are an important aspect of the Metis NFT ecosystem, and a way to increase mining power for the incentivized pool. Participants can refer friends and other members to increase the Tribe’s Trust with the referrers receiving Metis Tokens as incentives. Furthermore, the higher a Tribe’s Trust, the stronger the mining power. Each Tribe can hold a maximum of 15 members, thus creating a fair and transparent system for all participants. The airdrop phase will last for five days. Following this phase, the community NFT-minting project will mint the main NFT artwork called ‘’Rebuilding the Tower of Babel’’. The artwork will consist of 256 puzzle pieces, each representing a different Tribe. Each member of a Tribe can claim the NFT piece representing that specific Tribe. As more pieces are claimed, the artwork will be built up until the artwork is fully unveiled. Once the artwork is unveiled, information regarding Tribes and their members will be minted into the final artwork NFT. Since the NFT is built on the blockchain, it will depict the contributions and information of community members, immutably and forever. Once the ‘’Rebuilding the Tower of Babel’’ NFT is completed, it will be auctioned on the NFT marketplace OpenSea, with 70% of the proceeds shared among contributors and the artist (StarCloud AI) receiving the remaining 30%. Interested contributors can sign up to form their Tribes at http://Tribe.MetisDao.org. Major Milestone for Metis This is a significant development for Metis, as it aims to establish a larger community-oriented NFT platform that will provide incentives to all participants. The ‘’Rebuilding the Tower of Babel’’ project will be a significant event that will showcase the versatility of NFTs within the Metis ecosystem and encourage community participation in NFT initiatives. Elena Sinelnikova, Metis CEO and co-founder, believes the project will show the power of communities in building NFTs. “We may speak different languages and come from different cultures, but people around the world can achieve amazing things through decentralized collaborations. We’re excited to watch the rebuilding of the Tower of Babel and show just how much power communities can have when they band together.” Metis is a blockchain platform that is building a user-friendly, scalable, and affordable Layer 2 framework for applications and businesses to migrate from Web 2.0 to Web 3.0. The protocol supports a wide range of applications, including decentralized exchange trading, yield farming, and lending via dApps that provide fast, low-cost payments. Metis makes it easy for developers and creators to build applications, communities, and Decentralized Autonomous Companies (DACs) via pre-set tools that are user-friendly, without the high costs and limitations of the Ethereum network. To learn more about Metis, visit https://metisdao.org/. To explore the company’s demo app on its Layer 2 alpha testnet, visit https://Alphatest.MetisDAO.org.
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Although he is outspoken, raucous, and bombastic when it comes to his public persona, Sun’s questionable publicity stunts could be part and parcel of his strategy for catapulting Tron into the spotlight and capitalizing on crypto’s momentum. Bombastic Approach May Underpin Tron’s Success It’s tough to take Tron’s Justin Sun seriously. His endless shilling on Twitter and use of celebrity endorsements of the likes of Lindsey Lohan are certainly not helping him cultivate an image of blockchain savvy. Yet, despite his controversial approach, something more interesting is brewing beneath the surface. Even with his limited technological abilities compared to Ethereum’s Vitalik Buterin and Polkadot’s Gavin Wood, Sun has managed to position himself as one of the most successful individuals within the field. With his brash style of sucking all the oxygen out of the room with his comments or ideas, no matter good or bad, Justin Sun has positioned himself as a mighty successful cryptopreneur. While he is still frowned upon by many within the community for his hollow attempts to stay in the spotlight, there is no doubt that some of his business acquisitions and partnerships have been strokes of brilliance. Is Sun a More Potent Business Force Than Previously Thought? Yes, it might sound questionable to be talking about taking Justin Sun more seriously, but in truth, a closer look at his business dealings tells us a starkly different tale. Starting with his $120 million acquisition of Bittorrent in 2018, Sun was on the receiving end of a wave of negative publicity. As one of the earliest decentralized protocols that arrived long before cryptocurrency, BitTorrent’s global status was still a feather in Sun’s cap given its name recognition and seamless fit within the crypto ecosystem. Eventually, Sun went on to list Bittorrent Token (BTT) on Tron’s blockchain. It turned out to be a smart move. BTT has since rocketed to the 31st most valuable coin by capitalization, with its fully diluted market capitalization now standing over $7 billion. Beyond this acquisition, Sun’s status as a part-owner of exchange Poloniex, despite his initial denials, is a testament to his ambitions. While it may not align with his public statements of “decentralizing the web,” given that Poloniex is a centralized exchange, it follows other similar moves of seeking to centralize more services under his umbrella. Tron’s acquisition of Steemit was even more controversial after it was posited that Sun conspired with major exchanges to remove node validators on the dPOS blockchain and replace them with his own. This move effectively centralized a blockchain-based decentralized social media platform. However, despite the uproar and number of users that abandoned the platform, since the February 2020 acquisition, STEEM tokens have nearly risen nearly five-fold. The latest announcement of integration with DAO Maker reflects another serious move to expand the Tron ecosystem of blockchain-based services. The recently unveiled strategic partnership will see DAO Maker bring all of its cross-chain incubation, fundraising, and growth-oriented services onto Tron. By bringing a retail-focused investing initiative onboard, Sun shows that he intends to make Tron a hyper-competitive chain relative to Ethereum and Polkadot despite its more limited technological acumen. Sun The Businessman and Centralization Architect Most of these moves directly conflict with web decentralization activities, as evidenced by the testimony of present and former employees, which highlights some of Sun’s more nefarious efforts to block competition. Yet, despite the ridicule, Sun is still riding high. He may not be blockchain’s best advocate, but Justin Sun has undoubtedly identified it as a money-making opportunity and leveraged it as such as part of his unbridled ambition to rise through crypto’s ranks. On April 23, the publicly listed mining operation Bitfarms revealed a partnership with the Digital Currency Group (DCG) subsidiary Foundry Digital LLC. Bitfarms will be joining Foundry’s American mining pool and the two bitcoin mining firms have revealed the joint purchase of 2,465 Whatsminer M30S ASIC mining machines. Bitfarms Partners With Foundry’s US Operations At the end of March, the mining company Hut 8 explained that the bitcoin mining operation was joining Foundry’s U.S. mining pool. At the time, Hut 8’s CEO Jaime Leverton explained that “having a formidable bitcoin mining pool based and operated entirely in North America is important.” Now another mining operation has announced a partnership with the DCG-owned Foundry as Bitfarms (TSXV:BITF) explained on Friday it was joining the company’s U.S. operations. The two companies disclosed the joint purchase of 2,465 machines and 1,465 were previously installed in Bitfarms’ Sherbrooke facility for hosting purposes. The company ended the hosting agreement and “returned 100%,” while the mining rigs added 133 petahash per second to the firm’s operational capacity. Bitfarm’s announcement notes there’s a semiconductor shortage worldwide and ASIC mining rig purchases need 50% to 100% deposit. Adding 90 Petahash: Bitfarms Plans to Finance Another 1,000 Bitcoin Mining Rigs Foundry’s efforts aim to make things more convenient for U.S. bitcoin miners operating facilities. The DCG subsidiary claims it has “helped procure nearly half of the Bitcoin mining machines installed in North America in 2020.” With the latest procurement of mining rigs Bitfarms believes it can recover its deposit in less than a month and from there profit for a few years later. The company plans to obtain financing in order to purchase another batch of 1,000 Whatsminer M30S bitcoin miners. The additional 1,000 Microbt Whatsminers will provide roughly 90 PH/s to the company’s mining operations. Mike Colyer, CEO of Foundry says that helping forward this technology is what the DCG company was meant to do. Foundry provides “equipment financing and a mining pool that has been designed to help publicly traded companies such as Bitfarms scale their operations locally and in a fully compliant manner,” Colyer said during the partnership announcement. two major hotels in touristic spanish city to accept crypto payments in the wake of covid 19 crisis/5/10/2021 Sevilla is becoming a crypto-friendly city in Spain at a fast pace, with two prominent local hotels announcing they will start accepting crypto payments. Hotel Bécquer and Hotel Kivir have joined the crypto adoption bandwagon by allowing customers to book rooms with digital assets. Hotels Will Receive 100% of Funds in Fiat Euros According to Diario de Sevilla, both hotels signed a partnership agreement with the domestic exchange Criptan to enable crypto payment gateway for their customers. Bécquer is a 134-room hotel located in the former place of the Marquises of Las Torres while the 31-room Hotel Kivir is based in the city’s Old Town. With both four-star hotels partnering with the exchange, Criptan has increased its portfolio of retail stores and even tourism businesses across Spain that now accept cryptos, such as bitcoin (BTC), as a means of payment. Alejandro Rodríguez, general manager of both hotels, is optimistic about the extensive future adoption of cryptos across the tourism sector that has been heavily hit by the coronavirus pandemic: It is very significant that the tourism sector is one of the first to adopt this new payment methodology with what it represents for the economy at an international and national level and the possibilities of cryptocurrencies that can be used globally. Per the agreement, Criptan will process such crypto payments but both hotels will receive 100% of the money in fiat euros. Pandemic Drives Hotels Administration to Target Crypto Users Criptan’s representatives told Diario de Sevilla that such integration in hotels, like Bécquer and Kivir, follows the European regulation PSD2 of electronic payment services, whose objective is to “increase security in Europe, promote innovation and favor the adaptation of banking services to new technologies.” Rodríguez also cited a restructuring of the business model to follow the emerging technologies, as the economic crisis boosted by the pandemic made him think about targeting new segments. As Sevilla becomes even more familiar with crypto, Bitcoin.com News reported in December 2020 that a municipality in Sevilla launched its own cryptocurrency, which aims to encourage residents and merchants to transact with it in the midst of the coronavirus-driven economic impact. South Korea’s crypto-sphere has been witnessing a volatile environment in terms of regulatory moves, as bitcoin prices and other altcoins are secrets trading bitcoin also having wild moves. Such a scenario hasn’t stopped the country’s middle class to profit from the crypto market, even with very successful stories. One of the Interviewees Risked His Life Savings in Cryptos According to a report published by TV network JTBC, employees from major companies such as Shinhan Card, Samsung, and LG Electronics claimed they collected enough profits to quit their jobs. Testimonies featured in the video report show that the individuals managed to collect millions of dollars worth of cryptos. One of them, a former Shinhan Card worker, told JTBC that he managed to gain almost 3 billion won ($2.7 million) but clarified that he took a high-risk move by achieving such astonishing profits. In fact, he invested his life savings and some loans onto crypto trades, and after he earned the millionaire amount in profits, https://secretstradingbitcoin.com/podcast/ he quit his job role at Shinhan Card last month. Interestingly, he became a full-time Youtuber to feature his success on crypto investments. Former Samsung Employee Earned Around $36M in Profits But his story is far to be the most successful one featured in the report. Another of the former workers interviewed by JTBC, who was part of the staff at Samsung, claimed to have earned around 40 billion won ($36 million) in profits after investing just 50 million won ($44,670) worth in cryptocurrencies. As a note, none of the above interviewees disclosed which cryptos they invested their money in. However, a worker from the financial district of Yeoido – who didn’t disclose the name of the company – hesitated from investing in bitcoin (BTC) as she told JTBC that many people were investing in crypto. She claimed to have felt “anxious” about such kind of investment. Bitcoin.com News recently reported that South Korea’s crypto market keeps booming across the board, as a study unveiled that domestic crypto investors transacted around $7 billion per day in the period ranging from January 1 to February 25, 2021. |