Crypto News

Majuro, Marshall Islands, 10th November, 2022, Chainwire The cryptocurrency exchange Gate.io has made its Merkle Tree Proof of Reserves solution open-source. Announced by Gate.io ’s Founder and CEO, Dr. Lin Han today, the exchange hopes other platforms can use its open-source solution to increase transparency and industry health and welcomes other exchanges to receive consultancy and advisory support. In cooperation with leading U.S. firm Armanino LLP, Gate.io was the first to conduct Proof of Reserves audits in this manner back in 2020. Recently, the pair completed another audit. As outlined in a report from Armanino LLP, Gate.io holds an excess of BTC and ETH reserves at 108% and 104%, respectively. Gate.io has been vocal about its commitment to enhancing confidence in the market since announcing the new audit this year and hopes that other exchanges will follow suit. Gate.io’s audit solution combines certified third-party assessments with cryptographic Merkle Trees, one of t...

PALO ALTO, California, 10th November, 2022, Chainwire –   FIFA and Upland have agreed to a multi-year partnership, starting with the FIFA World Cup Qatar 2022 ™ –   The first of its kind partnership allows football fans from around the world to get a better understanding of Web3 and how to enjoy and benefit from a gamified metaverse experience – Agreement includes access for fans to own collectibles of legendary video highlights from FIFA World Cup Qatar 2022 ™ matches   Upland and FIFA have today announced a multi-year partnership that allows the Upland community and football fans worldwide to collect, trade, and own FIFA digital assets and game video highlights, pursuing a joint mission to help fans get a better understanding of how the metaverse and web3 work. Through the experience, fans will learn how to participate and contribute to the virtual community-driven environment. A broad variety of activities in Upland during and between tournaments will support th...

Metaverse worlds like The Sandbox saw mainstream popularity after the term ‘metaverse’ became part of the public discourse back in late 2021. As investors seek to take advantage of the growing metaverse gaming industry, a new token known as Metacade has been attracting some attention in crypto circles . Today, we’re going to explain what the difference is between The Sandbox and Metacade, and which one you should consider investing in. Player Ownership is the Foundation of The Sandbox (SAND)’s Economy The Sandbox is one of the leading metaverse platforms on the market today. It’s a 3D virtual world powered by the Ethereum blockchain that allows its users to create immersive gaming experiences. To start creating games, players must first purchase The Sandbox’s digital real estate, represented by the LAND NFT, on the platform’s marketplace. They can then build unique objects to fill their LAND using VoxEdit and store them on the blockchain with the ASSET NFT for true ownership. Sim...

Lausanne, Switzerland, 9th November, 2022, Chainwire KuCoin has announced it will list AirDAO’s $AMB token with a USDT pair on November 9th. The announcement gives KuCoin’s 25 million global users the opportunity to participate in AirDAO’s up-and-coming DeFi ecosystem, boosting its rapidly growing international community and marking another exciting exchange listing for AirDAO . KuCoin is running a Net Holding competition as part of the events surrounding the listing, with $30,000 in $AMB tokens up for grabs for participants. Also, KuCoin will launch a Twitter airdrop and a participation reward campaign to promote the listing. Previously known as Ambrosus, AirDAO is the first DAO to govern a layer-one blockchain. The flagship AirDAO Dashboard simplifies the complexity of DeFi trading into a single intuitive interface of cutting-edge Decentralized Applications (dApps) running on the Ambrosus Network (AMB-NET) — a fast, ultra-secure, layer-one blockchain with low-cost transactions. ...

Sibiu, Romania, 4th November, 2022, Chainwire Elrond, the startup building internet scale blockchain technology, announces its transformation into MultiversX. The company thus expands its mission of building the new internet economy to include the digital meta-space frontier. The metaverse-forward company introduces three new products as the pillars for its evolution. xFabric is a sovereign blockchain module, and core blockchain applications. Deployable in minutes. Fully customizable. Including a great set of features and use cases for any creative, brand or company. xPortal is a true SuperApp. The portal to the Metaverse. The home of your avatar. Everything finance. A debit card. Friends, chat and social. Accessible to anyone, anywhere in the world. xWorlds is a world creation engine. Enabling a network of interoperable metaverse worlds. Beginning with the very first world. xWorlds is a platform developed in partnership with Improbable enabling unprecedented new experiences ...

Vilnius, Lithuania, 4th November, 2022, Chainwire Web3 app WeSleep has launched with the promise of daily rewards for users who pursue a healthy and active lifestyle. Dubbed a sleep-to-earn app, WeSleep utilizes clever tokenomics to incentivize positive behaviors. WeSleep is a sleep-to-earn Web3 app that incentivizes users to pursue a healthy and active lifestyle on a daily basis. • A Sleepie is a unique NFT that can be bought to allow rewards, in the form of $ZZZ tokens, to be passively generated while asleep. These tokens can be swapped to $BUSD using the in-app swap system. Or a user may choose to invest his earnings inside a staking pool to generate additional rewards. • Users can augment their earnings by leveling up their Sleepies or their profile itself. To level up a profile, a certain amount of Moons will be required which can be collected by completing daily tasks such as “walk 1000 steps”. Additionally, leveling up a Sleepie can increase its attributes. Each Sleepie has...

The Play2Earn (P2E) revolution is here to stay. Or so says Absolute Reports , who forecast that the P2E market will reach a $2.8 billion valuation by 2028, up from $776 million in 2021. Games like Axie Infinity have risen to become incredibly popular, and now a new project called Metacade is seeking to reach mainstream success in the growing GameFi market. In this article, we’ll explore what made Axie Infinity so popular and why Metacade could soon be overtaking it as one of the most valuable P2E projects . Axie Infinity (AXS) Offers Multiple Ways to Earn While Gaming Axie Infinity (AXS) is a P2E game built atop the Ethereum blockchain. It’s a Pokémon-style game where users collect and battle Axies. Axies are virtual monsters that are stored on the blockchain as NFTs, which players buy and sell on the Axie Infinity Marketplace to create battle-winning teams. While these monsters might seem cute, their prices are anything but: some Axies have sold for as much as 369 ETH, worth ove...