crypto blog
MetaBlaze Crypto Presale- Second ICO Round is Now Open to The Public
Tortola, British Virgin Islands, 31st May, 2022, Chainwire MetaBlaze, a blockchain gaming company, has raised over $2.1M during its Initial Coin Offering, reaching its fundraising goal within three days. MetaBlaze opens the second round of its ICO with a current holder count of 2,000 wallets. MetaBlaze aims to set a new standard in the world of web 3. MetaBlaze differentiates itself from other blockchain gaming projects by combining key elements from the two fastest-growing crypto categories, GameFI (Gaming Finance) and DeFi (Decentralized Finance). MetaBlaze (MBLZ) token is a deflationary, multi-chain crypto coin built on the Binance Smart Chain and Ethereum Blockchain. MBLZ token has versatile functionalities and is designed to serve as the native currency within its gaming metaverse. MB...
DeFi isn’t dead, it just needs to fix these 3 critical problems
The persistent challenges faced by decentralized finance have been well documented by a handful of analysts and the recent collapse of the Terra ecosystem re-enforced the fact that something is critically wrong with DeFi. I think DeFi today is completely broken for 99% of the population. The promise of a more transparent financial system has been overtaken by greed. UST/LUNA is just the latest in a string of bad developments: — Peter Yang (@petergyang) May 11, 2022 Let’s take a look at what experts say DeFi needs to do to have another revival. Improved usability To date, the promise of open and uncensored access to a global decentralized financial system has been largely hampered by the complicated interface, confusing multi-step staking processes and a lack of clarit...
Basel Committee presses on with restrictive requirements for banks’ crypto holdings
The Basel Committee on Banking Supervision met Friday and discussed cryptocurrency, among other topics. The committee stated that it would soon publish its second consultative paper with the intention of finalizing guidelines on the prudential treatment of crypto exposure by banks by year-end. In a Tuesday press release, the committee issued the following statement, which was likely in reference to the recent collapse of the Terra ecosystem: “Recent developments have further highlighted the importance of having a global minimum prudential framework to mitigate risks from cryptoassets.” The committee began consultations on the banking sector’s risk exposure to cryptocurrency in 2021 and published a paper on its findings at that time. The committee divided crypto assets into...
UN agency head sees ‘massive opportunities’ in crypto: WEF 2022
The United Nations is smitten with distributed ledger technology (DLT). In a conversation with Cointelegraph at WEF 2022, United Nations International Computing Centre (UNICC) director Sameer Chauhan explained the “massive opportunities” he sees in cryptocurrencies. [embedded content] A former traditional finance executive and head of the UNICC since 2018, Chauhan has seen the rise and fall of cryptocurrency markets. He shared that groups such as the Bank for International Settlements (BIS) do not want to “miss the boat” when it comes to DLTs. Chauhan explained that cryptocurrencies are neutral technologies: “It’s a tool. You could use it for good or you could use it for profiting—which is not bad. […] In the future, crypto will be a very strong component of how the world interacts a...
Binance to launch Africa crypto awareness tour as adoption ramps up
With a 1,200% increase in received crypto volume between 2020 and 2021, the accelerated adoption of digital assets in Africa has captured the attention of multiple companies and organizations looking to take part in this growing market. Set to take place in June, the Blockchain and Cryptocurrency Awareness Tour (BCAT) is a Binance-powered ongoing awareness campaign that has been spreading knowledge and trying to cultivate a strong crypto community in Africa. By reaching out to university students, mostly in southeast Nigeria, the campaign hopes to increase crypto adoption among Nigerian youth, the predominant age group in the country. The main event will take place on June 4 at the Amadeo Event Centre in Enugu, Nigeria. Other stops on the tour include Uganda, Ghana and Cameroon. ...
Chibi Clash closes private funding round of $3m
Fantasy web3 gaming universe Chibi Clash closed a private fundraising round for $3 million with notable VC firms and angels. The round will secure starting capital ahead of an upcoming IDO, Cointext learned from a press release. Participants in the financing round included Polygon Ventures, Jump Capital, C² Ventures, Kyros Ventures, Alliance, Genblock Capital, NGC Fund, PANONY, PetRock Capital, Avocado DAO, Shima Capital, and Rainmaker Games. Key angel investors were Santiago Santos, Cozomo de’ Medici, Nick Chong, Jack Teoh, Peter Ing and more. Building a web3 gaming universe Chibi Clash is creating a web3 gaming universe around its flagship auto battler game under the leadership of a team of gaming industry veterans. In Chibi Clash Auto Battler, an asynchronous PvP game, playe...
Meta Apes is now live on the BNB Application Sidechain: gamers to ‘earn & truly own their in-game assets’
Meta Apes is a free-to-play and play-to-earn massively multiplayer online mobile-first game that is now live on the BNB Application Sidechain (BAS). According to a Tuesday press release, Meta Apes is available for Android devices on Google Play while Apple users will have to wait a bit longer. Creating a ‘community-oriented’ game Meta Apes takes place in a post-apocalyptic reality in which apes have already taken over the world and are eyeing an expansion to space. Players work with their Gang to become the strongest Clan and win a race to space. Meta Apes Business Lead Taylor Shim commented in the press release the “community-oriented” game offers traditional gamers the opportunity to “earn & truly own their in-game assets”. Since it is built on the blockchain, gamers benefit from a “...
Chains.com Unveils Deep Space Society – a Million Free Unique NFTs on Polygon
Tel Aviv, Israel, 31st May, 2022, Chainwire Chains.com, a multi-product MetaFi blockchain startup is celebrating the 500,000 users milestone by launching Deep Space Society – a collection of unique 1,000,000 NFTs designed by the Ukrainian artist, Kateryna Otian. The NFTs will be “airdropped” to qualifying Chains.com account holders at zero cost, beginning June 1st, 2022. Users can secure their Deep Space Society NFT allocation today by following the instructions published on Chains’ blog. “With nearly 500,000 accounts on the platform, Chains is growing fast and we want to show our gratitude to our early adopters,” said Anderson Mccutcheon, Chains.com Founder and CEO.“Meeting the requirements for an NFT allocation is easy for even the most novice Chains users and we expect hundreds of...
Singapore to explore digital asset tokenization on public chains
The Monetary Authority of Singapore (MAS) has launched Project Guardian, a blockchain-based digital assets trial that will use tokenization. The project will include regulated financial institutions serving as “trust anchors,” with a pilot involving JP Morgan, DBS Bank and Marketnode, the SGX joint venture for bonds. The Project Guardian initiative, which was announced during the Asia Tech x Singapore Summit on Tuesday, was spearheaded by Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat. It will see MAS explore decentralized finance (DeFi) applications in wholesale funding markets by establishing a liquidity pool of tokenized bonds and deposits to execute borrowing and lending on a public blockchain-based network. According to MAS chief finte...
How to get a job in the Metaverse and Web3?
Can you work in the Metaverse? The Metaverse is the next big career path on which to land an ideal job with firms like Meta, Roblox, Microsoft, OpenSea, The Sandbox (SAND), and the many others constructing it. So, if you want to know how to land a job in the Metaverse, you need to be aware of what your role may look like. Essentially, your job will involve a combination of blockchain, artificial intelligence, 5G, gaming and other Web3 technologies like augmented reality and virtual reality. In this article, learn the basic steps to landing a career in the Metaverse and Web3 fields. Build the required skill set The first step toward exploring jobs in the Metaverse is to gain the required skills and knowledge. For instance, a 3D character artist developing avatars will need to know Blender, ...
BNB Chain releases year-long technical roadmap to develop ecosystem
BNB Chain has announced the launch of a technical roadmap designed with the intention to enhance the network’s decentralized structure, infrastructural capacity for sidechains, and potential for developer-built decentralized applications (dApps) to improve performance and efficiency. Announced at BNB Chain Revelation Summit, the document also revealed the latest iteration of the Most Valuable Builder incubation programme for aspiring Web3 software engineers. In February this year, Binance Chain and Binance Smart Chain were merged to form what is now referred to as BNB Chain, a multi-chain infrastructure layer supporting the new ecosystem, as well as BNB governance mechanisms. Related: Binance Smart Chain and Binance Chain become BNB Chain Some of the more notabl...
Amid P2E downturn, Sky Mavis turns to user-generated content for Axie Infinity
On Tuesday, Sky Mavis, creator of the popular fantasy monster-battle nonfungible token (NFT) game Axie Infinity, announced that it had accepted the first user-created projects in its Axie Infinity Builders Program. Out of 2,000 applications submitted, just 12 were selected for the Builders Program. Among the many perks, chosen teams will receive a minimum $10,000 grant — denominated in Axie Infinity’s governance token, Axie Infinity Shards (AXS) — to fund project development. They will also receive permission to monetize their game using the Axie Infinity brand with a revenue-share model. Notable projects include Across Lunacia, a platforming adventure for Axie NFTs, and Mech Infinity, a battle royale game involving Axies and their unique abilities. Philip La, game product lead at Ax...
