🔊 What is NFT Virtual Land?
💥 Virtual land in Metaverse is a lot like actual real-estate in the real world. It’s a part of the digital space in a Metaverse application that you can own, use in various ways, as well as sell on NFT marketplaces.
💥 Like most of things that you can buy and sell in the Metaverse, these virtual land plots are non-fungible tokens or NFTs. This means that the land you bought is uniquely yours and uniquely identifiable.
💥 This is achieved through NFT technology, which is one of the key things powering Metaverse. Through this token, it’s possible to prove that a certain digital asset belongs to a specific person.
💥 Essentially, when you purchase a specific plot or a set of plots with certain coordinates in the Metaverse space, they are only yours.
💥 Virtual land in Metaverse is a lot like actual real-estate in the real world. It’s a part of the digital space in a Metaverse application that you can own, use in various ways, as well as sell on NFT marketplaces.
💥 Like most of things that you can buy and sell in the Metaverse, these virtual land plots are non-fungible tokens or NFTs. This means that the land you bought is uniquely yours and uniquely identifiable.
💥 This is achieved through NFT technology, which is one of the key things powering Metaverse. Through this token, it’s possible to prove that a certain digital asset belongs to a specific person.
💥 Essentially, when you purchase a specific plot or a set of plots with certain coordinates in the Metaverse space, they are only yours.
🔊 AR in Metaverse
💥 According to Mark Zuckerberg, one of the marketplace leaders presently making an investment in the concept of the metaverse, the metaverse is a type of “embodied internet”. It’s something you could leap into (via VR) or deliver to your reality (via AR)
💥 This is why the metaverse, while extensively adopted, could be augmented reality surroundings accessed through the use of see-through lenses. This will preserve true despite the fact that complete virtual reality hardware will provide extensively better constancy. The reality is, visual fidelity isn’t always the component that will govern large adoption. Instead, adoption might be pushed with the aid of using which technology offers the maximum natural revel into our perceptual system. And the maximum natural manner to provide virtual content material to the human perceptual system is through integrating it at once into our physical surroundings.
💥 According to Mark Zuckerberg, one of the marketplace leaders presently making an investment in the concept of the metaverse, the metaverse is a type of “embodied internet”. It’s something you could leap into (via VR) or deliver to your reality (via AR)
💥 This is why the metaverse, while extensively adopted, could be augmented reality surroundings accessed through the use of see-through lenses. This will preserve true despite the fact that complete virtual reality hardware will provide extensively better constancy. The reality is, visual fidelity isn’t always the component that will govern large adoption. Instead, adoption might be pushed with the aid of using which technology offers the maximum natural revel into our perceptual system. And the maximum natural manner to provide virtual content material to the human perceptual system is through integrating it at once into our physical surroundings.
🔊 What is Multichain?
💥 Multichain is an open-source blockchain technology that allows apps and protocols to connect to several blockchains, making them compatible with data from both chains. Blockchain development is employed for personal use and to speed up financial transactions.
💥 Multichain offers a blockchain with a small, simple-to-manage private network with developer-friendly and flexible tools. Additionally, it supports a wide range of programming languages. The network's assets, known as native tokens, can easily be created and exchanged between users.
💥 A fully functional Multichain network can process up to 1,000 transactions per second. The developers that assist in setting up and maintaining the chain are given a straightforward command-line interface and API. It accomplishes this by expanding the Bitcoin API and platform, making it interoperable with various open-source platforms and applications linked to Bitcoin.
💥 Multichain is an open-source blockchain technology that allows apps and protocols to connect to several blockchains, making them compatible with data from both chains. Blockchain development is employed for personal use and to speed up financial transactions.
💥 Multichain offers a blockchain with a small, simple-to-manage private network with developer-friendly and flexible tools. Additionally, it supports a wide range of programming languages. The network's assets, known as native tokens, can easily be created and exchanged between users.
💥 A fully functional Multichain network can process up to 1,000 transactions per second. The developers that assist in setting up and maintaining the chain are given a straightforward command-line interface and API. It accomplishes this by expanding the Bitcoin API and platform, making it interoperable with various open-source platforms and applications linked to Bitcoin.
Account Abstraction, as proposed in EIP-2938, allows a contract to be the top-level account that pays fees and starts transaction execution. This is achieved by introducing protocol changes with a new AA transaction type that requires two new opcodes: NONCE and PAYGAS, changes to mempool rules and extensions to support advanced usages. The types of accounts continue to be two (EOA and Contract Account) and all proposed changes are backwards compatible with current transactions, smart contracts and protocol.
The applications of AA are considered across two categories:
1) Single-tenant applications such as smart contract wallets, which create a new contract for each user
2) Multi-tenant applications such as tornado or Uniswap, where multiple users interact with the same set of smart contracts.
AA support for multi-tenant applications requires more research and is proposed as future work. So we will focus on single-tenant AA support in this article.
The applications of AA are considered across two categories:
1) Single-tenant applications such as smart contract wallets, which create a new contract for each user
2) Multi-tenant applications such as tornado or Uniswap, where multiple users interact with the same set of smart contracts.
AA support for multi-tenant applications requires more research and is proposed as future work. So we will focus on single-tenant AA support in this article.
🔊Top 100 Public Companies Investing in Blockchain & Crypto Companies
💥 Forty corporations invested in companies in the blockchain/crypto space during this time. Samsung is the most active, having invested in 13 companies. UOB came in next with 7 investments, followed by Citigroup with 6 investments, and Goldman Sachs with 5.
💥 The investors active in the biggest funding rounds are Alphabet ($1,506M in 4 rounds), Blackrock ($1,171M in 3 rounds), Morgan Stanley ($1,10M in 2 rounds), Samsung ($979M in 13 rounds), Goldman Sachs ( $698M in 5 rounds, BNY Mellon ($690M in 3 rounds), and PayPal ($650M in 4 rounds).
💥 The 40 companies invested approximately $6B into blockchain startups between September 2021 and June 2022. Because some rounds involve participation from multiple investors, it is unclear how much each company invested in a project.
💥 Forty corporations invested in companies in the blockchain/crypto space during this time. Samsung is the most active, having invested in 13 companies. UOB came in next with 7 investments, followed by Citigroup with 6 investments, and Goldman Sachs with 5.
💥 The investors active in the biggest funding rounds are Alphabet ($1,506M in 4 rounds), Blackrock ($1,171M in 3 rounds), Morgan Stanley ($1,10M in 2 rounds), Samsung ($979M in 13 rounds), Goldman Sachs ( $698M in 5 rounds, BNY Mellon ($690M in 3 rounds), and PayPal ($650M in 4 rounds).
💥 The 40 companies invested approximately $6B into blockchain startups between September 2021 and June 2022. Because some rounds involve participation from multiple investors, it is unclear how much each company invested in a project.
🔊 Partnership Announcement: CENS WORLD x UDA 🤝
💥 Cens World will develop further after officially merging into Vietnam's leading company in the field of Digital Assets - UDA. The merger opportunity is an important step to gain more resources, open a new development path and future for the Cens World Project, thereby quickly achieving the goals set by the Project.
💥 UDA is a company with expertise in applying optimal solutions based on Blockchain technology to digitize / NFT products and goods for business activities of organizations; with the goal of helping organizations and businesses develop effectively, optimally and strongly along with the world's digital transformation trend.
💥 Especially, during the downtrend period of the deeply in red market, the UDA company and Cens team are still actively reviewing project health, updating roadmaps and planning communication for the next phase of the project.
💥 New Roadmaps will be updated to the community on the following announcements.
💥 Cens World will develop further after officially merging into Vietnam's leading company in the field of Digital Assets - UDA. The merger opportunity is an important step to gain more resources, open a new development path and future for the Cens World Project, thereby quickly achieving the goals set by the Project.
💥 UDA is a company with expertise in applying optimal solutions based on Blockchain technology to digitize / NFT products and goods for business activities of organizations; with the goal of helping organizations and businesses develop effectively, optimally and strongly along with the world's digital transformation trend.
💥 Especially, during the downtrend period of the deeply in red market, the UDA company and Cens team are still actively reviewing project health, updating roadmaps and planning communication for the next phase of the project.
💥 New Roadmaps will be updated to the community on the following announcements.
📣 BREAKING NEWS: RELEASE NFT COLLECTIONS
🔥 After the merger event, the UDA and Cens World team will soon cooperate with a leading law firm in Vietnam to release a collection of NFTs for partners and VIP clients in the law firm's ecosystem.
🔥 By owning an NFT included in this rare collection of NFTs, participants have the privilege of accessing the products or services in the UDA ecosystem and those of UDA partners for free.
🔥 Depending on the rarity of the NFT that you own, it will be classified into different perks. The rarity of NFT is divided into 4 grades: Diamond, Gold, Silver, Bronze; in which Diamond rank NFT is the rarest, and the rate for users to get Diamond rank NFT is 6.9%.
🔥 Details of this rare NFT collection will be updated to the community later.
🔥 After the merger event, the UDA and Cens World team will soon cooperate with a leading law firm in Vietnam to release a collection of NFTs for partners and VIP clients in the law firm's ecosystem.
🔥 By owning an NFT included in this rare collection of NFTs, participants have the privilege of accessing the products or services in the UDA ecosystem and those of UDA partners for free.
🔥 Depending on the rarity of the NFT that you own, it will be classified into different perks. The rarity of NFT is divided into 4 grades: Diamond, Gold, Silver, Bronze; in which Diamond rank NFT is the rarest, and the rate for users to get Diamond rank NFT is 6.9%.
🔥 Details of this rare NFT collection will be updated to the community later.
📣 Coinbase CEO Brian Armstrong on managing the crypto winter
💥 Coinbase’s chief executive Brian Armstrong said that he expects the crypto winter to last about 12 to 18 months, but is also preparing for the possibility for it to drag on longer.
💥 As bitcoin lost almost 55% year-to-date, Coinbase COIN, -0.41% posted a net loss of $1.09 billion in the second quarter, whereas it reported net income of $1.61 billion in the year-before quarter. The crypto exchange platform’s shares are off more than 70% year-to-date, according to Dow Jones market data.
💥 Still, Armstrong said the market downturn is “not unusual” for the company. “We’ve been through four cycles like this as a company. We’re only 10 years old. This one just happens to coincide with the broader macro environment coming down,” Armstrong said.
💥 Coinbase’s chief executive Brian Armstrong said that he expects the crypto winter to last about 12 to 18 months, but is also preparing for the possibility for it to drag on longer.
💥 As bitcoin lost almost 55% year-to-date, Coinbase COIN, -0.41% posted a net loss of $1.09 billion in the second quarter, whereas it reported net income of $1.61 billion in the year-before quarter. The crypto exchange platform’s shares are off more than 70% year-to-date, according to Dow Jones market data.
💥 Still, Armstrong said the market downturn is “not unusual” for the company. “We’ve been through four cycles like this as a company. We’re only 10 years old. This one just happens to coincide with the broader macro environment coming down,” Armstrong said.
🔊 Argument about NFT royalties
🌟 The NFT investment community is arguing with each other about a core issue of this very aspect, which is royalties for authors, which will directly affect transaction fees.
🌟 Controversy erupted recently when SudoSwap, an AMM protocol for NFTs, began to gain more attention as it helped create a highly liquid market for this extremely risky asset class.
🌟 Unlike other traditional NFTs like OpenSea, SudoSwap does not pay royalties back to the original author (all transaction fees will be transferred directly to SudoSwap's funds) and therefore, transaction fees on this platform will also be cheaper than other NFT brokers.
🌟 The NFT investment community is arguing with each other about a core issue of this very aspect, which is royalties for authors, which will directly affect transaction fees.
🌟 Controversy erupted recently when SudoSwap, an AMM protocol for NFTs, began to gain more attention as it helped create a highly liquid market for this extremely risky asset class.
🌟 Unlike other traditional NFTs like OpenSea, SudoSwap does not pay royalties back to the original author (all transaction fees will be transferred directly to SudoSwap's funds) and therefore, transaction fees on this platform will also be cheaper than other NFT brokers.
📣 DeFi Exchange KyberSwap Suffers $265,000 Frontend Exploit
⚡️The KyberSwap decentralized exchange (DEX) has become the latest DeFi initiative to be attacked, after last month’s Curve Finance vulnerability. The liquidity protocol upon which KyberSwap is based, the Kyber Network, acknowledged claims on Friday and said the assault on its website had been spotted and repaired within a few hours.
⚡️According to the company’s statement, the criminals gained access to the app’s front end by exploiting a vulnerability in the Google Tag Manager (GTM) script.
⚡️The KyberSwap decentralized exchange (DEX) has become the latest DeFi initiative to be attacked, after last month’s Curve Finance vulnerability. The liquidity protocol upon which KyberSwap is based, the Kyber Network, acknowledged claims on Friday and said the assault on its website had been spotted and repaired within a few hours.
⚡️According to the company’s statement, the criminals gained access to the app’s front end by exploiting a vulnerability in the Google Tag Manager (GTM) script.
📣What is NFTFi ?
DeFi offers NFT projects tools to solve their main limitations (like liquidity) while NFTs allow to make DeFi more fun and digestible: a perfect pairing?
🌟If DeFi has discovered the huge market that is NFTs recently, the reverse march is also observed: the arrival of DeFi components in NFTs projects - we often talk about GameFi to describe this trend.
🌟NFTfi is a decentralized marketplace for borrowing and lending ETH or the DAI stablecoin. However, instead of providing collateral in cryptocurrencies if you want to borrow you need to provide an NFT as collateral.
DeFi offers NFT projects tools to solve their main limitations (like liquidity) while NFTs allow to make DeFi more fun and digestible: a perfect pairing?
🌟If DeFi has discovered the huge market that is NFTs recently, the reverse march is also observed: the arrival of DeFi components in NFTs projects - we often talk about GameFi to describe this trend.
🌟NFTfi is a decentralized marketplace for borrowing and lending ETH or the DAI stablecoin. However, instead of providing collateral in cryptocurrencies if you want to borrow you need to provide an NFT as collateral.