Home Blog Page 470

Astra Guild Ventures (AGV) announces start of Series B funding

By
Christian Allen Tandoc
-
0
maxresdefault-2021-11-30t104551-850

Astra Guild Ventures (AGV) has successfully received $3 million in Series A financing from major venture capitalists, including CSP DAO Inc, Halvings Capital Ltd, Oracles Investment Group, GDA Capital, and Deltahub Capital.

The funds received will be used to publicize AGV’s public token sale, cover operating and management expenditures, and acquire additional nonfungible tokens (NFTs) and stocks in firms that develop play-to-earn (P2E) games.

AGV has raised a total of $5.3 million following its Seed and Series A fundraising rounds at writing. They have 2,036 Axie Infinity scholars, 50,000+ Discord community members, and 75,000+ Facebook fans. AGV has invested $800,000 in BMG, a Florida-based gaming company responsible for the play-to-earn NFT titles Kart Racing League and Realms of Ethernity (ROE).

AGV Series B and general public sale

On November 17, 2021, at 2 p.m. UTC, AGV will commence its Series B, or private token sale, its website, followed by its public token sale on December 17, 2021. Certik performed an audit on AGV.

what-is-astra-guild-ventures-agv_-5581435

What exactly is Astra Guild Ventures? (AGV)

Astra Guild Ventures (AGV) is a decentralized autonomous organization (DAO) that invests in non-fungible tokens (NFTs), peer-to-peer (P2P) games and other blockchain initiatives. The DAO intends to create a worldwide community of investors, tech leaders, NFT and blockchain enthusiasts, and P2E participants.

AGV claims to be the first DAO and NFT gaming guild to fully reveal its real-time earnings through its earnings dashboard and have a fully verified and publicly available list of assets.

AGV will also establish its DAO Governance Board, via which AGV holders will be able to propose and vote on modifications to the DAO’s rules and decisions. As a result, AGV is one of the first NFT gaming guilds to establish a completely decentralized platform.

Transparency and development are the driving forces behind AGV investments.

1rkaluzvdq0ewi_kga4adbg-1156673

With so many companies debuting in the blockchain and crypto industry, it can be tough to choose the correct one to invest in – this is precisely what AGV investors recognized and what led them to trust AGV. One major turning point was the transparency elements that AGV methodically implemented into its operations as a DAO.

Astra Guild has its own profits and governance dashboards that are connected to offer AGV holders a one-stop portal where they may engage in the DAO and see their investment status. The quick expansion of the Astra Guild community has also played a role; in only three months, Astra Guild’s membership exploded to 51,000+ members, making it one of the world’s fastest-growing NFT gaming guilds – compelling indication that the NFT and blockchain industry is on the rise.

Anomus Ido Public Sale Has Sold Out In Just A Second

By
Christian Allen Tandoc
-
0
anomus-fi

Anomus is a decentralized news system that has recently gained a lot of attention. The concept, which began as an effort to divert news and journalistic coverage away from compromised channels and into the hands of the community, has been well received by retail and institutional investors, who hurried to close the public sale of ANOM tokens Scaleswap in just ONE second.

On November 28th, ANOM coins will begin trading on exchanges. At 14:00 (UTC), the token will be accessible on PancakeSwap and MEXC, with the developers hoping to list it on other exchanges in the near future.

Anomus has received much support from investors and partners who believe in the project, its ideas, and what it wants to do for press freedom and free expression. During the private round, the project excluded several venture capitalists and other investors who are still interested in the concept and will be eager to purchase tokens when they go public on exchanges.

https://mobile.twitter.com/MrAnomus/status/1464738457440473088

Anomus is a global decentralized news system. It was developed to ensure that news reporting is fair, unbiased, and balanced. It aspires to provide a platform through which publishers may save their work on blockchains. It will be permanently recorded and available globally while maintaining the publisher’s intellectual property rights and ownership. The system will reward publishers, auditors (Fact-Checkers), and users for contributing in ways no other news platform has.

Anomus features include:

  • A censorship-free atmosphere that promotes free expression
  • A platform that is self-contained and administered by the community
  • Publishers, fact-checkers, and readers will be rewarded.
  • Blockchain and Permaweb technology are being used to preserve content.

Kazakhstan Planning To Use A Nuclear Power Plant To Keep Up With Crypto Mining

By
Christian Allen Tandoc
-
0
canaan-cryptoninjas-kazak

Kazakhstan’s president, Kassym-Jomart Tokayev, has suggested establishing a nuclear power plant to support the country’s crypto mining boom in the face of the country’s energy problem.

The recommendation was made during a meeting with bankers on November 19th, as part of a series of suggestions aimed at “increasing the contribution of the domestic financial sector to economic development and citizen well-being.”

Following China’s restriction on cryptocurrency mining, Kazakhstan became a favorite destination for Chinese miners. The lack of government meddling in crypto mining, along with low energy prices, has propelled the country to a hopeful future.

According to the Index’s IP data from the Cambridge Centre for Alternative Finance, Kazakhstan is second only to the United States in terms of global control of Bitcoin mining power, with an 18.1 percent share of the world’s hash rate. This suggests an increase in demand for which the country’s energy supply was not prepared.

Tokayev acknowledged that the country is “already facing the first indications of power constraints in Kazakhstan,” blaming it on the rapid rise of crypto mining activities. Power consumption has surged at unprecedented rates, with an 8 percent increase (1,000 to 1,200 megawatts) expected in 2021, compared to a previous 1% to 2% annual increase.

1599566054_778502_1599565983_0175288kazakstan-mining-6458943

The president now talks about the necessity to make “a difficult decision,” despite the fact that prior suggestions of building a nuclear power plant drew massive outrage and condemnation in 2019. Still, he now believes that “the responsibility of a leader is to make hard decisions.”

“I believe that we will eventually come to such a decision because we are already feeling the first signs of an electricity shortage in Kazakhstan. Of course, there is no total deficit; the balance is roughly zero; but the first signs are indicated, and as a result, we will have to make inherently unpopular decisions on the construction of a nuclear power plant.”

Tokayev’s proposal to establish a nuclear power plant is not his first. In 2019, he met with Russian President Vladimir Putin, who offered aid in technology and training.

This idea was not well accepted by the Kazakhstan population, who are concerned about the environmental repercussions, prices, energy dependency on Russia, and the country’s prior history as a testing ground for atomic weapons.

Until recently, the public’s reaction has been strong enough to push the concept to the sidelines. Tokayev says that this is something they must do and that there is no other option. Although the energy situation is not yet dire, the Energy Ministry has stated that the country would import Russian electricity for the winter.

kazakhstan-nuclear-bitcoin-6244833

In 2019, the president stated that “the choice to build the nuclear power plant would not be taken without considering the opinion of the majority of our country’s population.” Now, some are wondering if his views on this issue have changed.

Furthermore, Kazakhstan’s president stated that it is vital to “soberly analyze the dangers and possible impact of cryptocurrencies on the present financial system,” and he advocated for a balanced regulatory framework that permits the nation to create its crypto exchanges.

He stated that they do not see “any financial return” from crypto manufacturing and hope Kazakhstan will benefit from new inventions.

“We must assume that we are only at the beginning of the route of developing a new creative economy, a financial ecosystem; there is much work ahead of us; and, as the Head of State, I consider the transition of our whole economy to new railways of inventive development to be a priority mission.”

Shiba Inu Becomes First Meme Coin To Be Listed In South Korea

By
Christian Allen Tandoc
-
0
maxresdefault-2021-11-30t084130-885

Shiba Inu, the popular meme coin, has reached another milestone following its enormous popularity this year. The meme coin that was developed as a rival to the leading meme coin, Dogecoin, has emerged from the shadows to become its biggest opponent. Shiba Inu is now able to stand on its own while making inroads into the meme coin arena.

Since reaching a fresh all-time high in October, the digital asset has attracted a cult-like following. It has been listed on several major exchanges, including Coinbase, Binance, and Kraken. Aside from being accepted as a payment option by well-known merchants. This time, Shiba Inu has added another feather to its crown with a new listing in one of the world’s most stringent crypto climates.

https://twitter.com/ShibainuCoin/status/1463670874050019328

South Korea has earned a reputation for having some of the most severe cryptocurrency legislation. Getting a digital asset registered on a cryptocurrency exchange in the area, similar to Japan, entails a mound of paperwork and might take years. On the other hand, Shiba Inu has accomplished what many well-established projects have failed to do: it has been listed on a South Korean cryptocurrency market.

Shiba Inu began trading on the Korbit platform on Wednesday, November 24th. Korbit is a South Korean cryptocurrency exchange that offers regional cryptocurrency investors buying, selling, and trading services. The market is just a handful that has remained open in the face of intense regulatory demands, which forced the closure of 40 exchanges in September.

On Tuesday, the exchange said that it would offer the meme coin alongside another digital asset, Injective Protocol (INJ). Following this, clients got 360,000 SHIB for generating and depositing Shiba Inu on the exchange.

depositphotos_518379436_s-1243179

Despite the fact that word of the listing has spread, the price of Shiba Inu has not risen significantly. Instead, the digital asset’s price has continued to fall, shedding more than half of its all-time high. This is the lowest asset in a month, and there is no prospect of a quick rebound.

However, Shiba Inu is not alone in this. The crypto market has experienced significant losses in recent weeks, with bitcoin losing over $10,000 in the same time frame, resulting in a trickle-down effect that has damaged the majority of altcoins.

As November concludes, the market appears to be heading in the path of a bear market.

Best Gifts for Her This Christmas the Cryptocurrency Edition: Cumstar and HUH Token

By
PVP Team
-
0
word-image-382

Christmas shopping can be of the most difficult times of year because there’s no end of gifts to buy your favorite lady. Whether that’s perfume, chocolate, or something on the naughty side, you’re bombarded with adverts, the endless cues in stores, or worse, hours upon hours inside of overly packed shops where the corners of rigid bags are poked into your legs and people constantly cut in front of you.

If you weren’t enraged before you might be ten minutes into the shopping hoo-harr.

Enough is enough and there could be a simple way to not only avoid the arduous task of shopping but to bring a smile to her face that could last for decades to come.

Cryptocurrency for Christmas might not have been the obvious choice, but it could just be the best choice, especially with the likes of Cumstar and HUH Token who are the altcoins of everyone’s wet crypto dreams.

Christmas stocking fillers just got more exciting with cryptocurrency and it’s no surprise given that Cumstar is one of the top trending coins and HUH Token’s presale popularity has seen the face of altcoins change forever and possibly the face of that special woman in your life.

Cumstar: Not What You Might Think.

With such a tantalizing name it’s no wonder that Cumstar is trending at the moment but there are more exciting characteristics about Hush Networks cryptocurrency that goes beyond the sex-sells marketing ploy.

Cumstar is using blockchain technology to aid the many pitfalls of the adult content industries and aims to create a safer place for transactions to happen.

The power of women has never been greater and it’s amazing that cryptocurrencies are entering the fight for equality and safety too.

The world can be a scary place, but Christmas is a time for crypto and hot chocolate.

HUH Token; A Girls Best Friend.

HUH Token can offer your lovely lady something that almost no other cryptocurrency on the market can, a smile that could last forever, or in other terms, the potential for generational wealth.

This could be offered by HUH Token because of its multichain- Ethereum(ETH) and Binance(BTC) which potentially can protect HUH Token holders from the harsh volatility of the cryptocurrency market.

HUH Token knows that you ‘don’t need money to make money’ and that could be highly beneficial in the long run as cryptocurrency is ever-growing in popularity.

HUH Token might be able to offer your beautiful woman something that can’t even be found in diamonds (the traditional girls-best-friend).

Unlike diamonds, HUH Token has the potential to grow in appreciation over time because of the organic flow of the cryptocurrency market… whereas diamonds depreciate over time.

Crypto Christmas

Whether you choose between Cumstar or HUH Token it’s always beneficial to research into the cryptocurrencies first and make sure that the cryptocurrency is the right fit for you, but most importantly that special someone you’re buying the cryptocurrency for would be happy.

Many cryptocurrencies like HUH Token have stringent aims, whether that’s planting one million trees for their first one million holders or endeavoring to help create generational wealth for its holders the cryptos want to bring the world into the future in a sustainable way.

You can check out HUH Token’s aims on their website and you could be in with a chance of getting the soon-to-be-trending cryptocurrency in its presale state. Though you’ll have to act quickly because the presale is ending very soon.

Follow HUH Token on their Socials before they launch:

Telegram: https://t.me/HUHTOKEN

Website: https://huh.social

Twitter: https://twitter.com/HuhToken

Instagram: https://www.instagram.com/huhToken/

Omicron Cryptocurrency Surges As WHO Declared New COVID Variant With Same Name

By
Christian Allen Tandoc
-
0
bk2gk5bg_omicron3_625x300_29_november_21

After the World Health Organization chose to adopt that name for the newest iteration of COVID-19, trading in the cryptocurrency Omicron skyrocketed, and its value fluctuated on Monday.

The virtual unit, which had been obscure and relatively steady in recent weeks, soared to about $700 early Monday, or ten times its previous value, according to the crypto news website CoinMarketCap.

It eventually dropped to $152 before bouncing back and stabilizing at $350. The WHO named the latest strain of the coronavirus that authorities worried about on Friday, Omicron, according to its policy of naming them after letters in the Greek alphabet.

The cryptocurrency Omicron was launched in early November, with its creators making no mention to COVID-19 at the time.

Instead, they expressed hope that it would be able to preserve buying power regardless of market volatility. Omicron isn’t the only virtual unit to benefit from real-world fame, only to see its fortunes crumble.

The Squid currency, which was developed by TV show fans, surged from $0.70 at its inception on October 21 to a high of $2.86 on November 1.

The next day, it dropped to $0.003. Traders realized they couldn’t pay out their earnings, and the founders vanished from social media.

Top 5 Best Video Game Themed Slots

By
PVP Team
-
0
casino-game-room-slot-machines

Numerous slot games are themed on different things such as sports, video games, movies, etc. Some of these slots are popular because they are the best and others are the best because they are famous. Video game themes have been predominant in many casinos; video slot games are available in online casinos globally and have taken video game gambling and gaming to a new feat. Online slot machines are exciting, especially when they are themed slot machines.

A lot of slot themes might be appealing and spectacular. Still, below, you have presented the 5 best video game-themed slots. Your opinion might differ as you may have your individual and subjective preferences. Still, it is undeniable that the games presented below are exciting, peculiar, and rewarding. Let us check them out.

Call of Duty

The modern warfare slot is a breath-taking video game themed slot based on the action game featuring international operatives and freedom fighters, breaching the Middle East’s European flags and danger zones. The theme of the game revolves around the original game. A static jackpot of up to $100 will keep players enthralled; only a few casino games provide such luxury. This game has a 5-reel configuration with 25 lines. The gambling setup is reliable, and with the bonus round, players can win by shooting enemies.

Like other games, wilds scatters, and extra spins are also present.

Hitman Slot

Hitman slot is a 5-reel, 15 paylines, 300-coin slot-machine Microgaming game. This slot can be played for money. The multiple play lines and expanding wild massively increase your likelihood for victory; it has an RTP of 95%. Gamers can score up to 270000 coins in the reward round. The gamers can choose their targets and weapons, which directly influence the outcomes, so your choice matters a lot.

The slot is fascinating and full of suspense as you wait for one of three bonuses to be triggered. It has configurable win lines and is available on Mobile devices and computers. Although it is not popular, it is spectacular. The famed PC game inspires the same name; the visual details are pretty impeccable, even though it’s not at the most optimal level, although this can be blamed on its age.

The gameplay is slow, but the rewards will make up for this, and the peculiarities will contribute to the gameplay. Gamers can bet anywhere from $0.15 up to 75$ per spin. The highest pay comes from the Hitman symbols, while the biggest thrill can come in the contract reward. The Wild-Symbol in the game can only lead to 2, 3, and 4-reels. When the wildlands are on a reel, it will expand to cover the entire reel. The Insignia symbols can land on reels 1, 2, 3; when this happens, the gamer will need to choose one of the Insignia characters, a player can score 6,000 coins.

Resident Evil

The Resident-Evil franchise has spawned comic books, TV shows and video games that have inspired slot titles. The movie is based on a zombie apocalypse, a dystopian world where only the fittest survives. It is undeniable that Resident-Evil games have been considered masterpieces countlessly.

In this slot title, all you have to do is spin the reel; the game embodies the scary characteristics of the movie. The layout is a 5 x 20, and all the symbols are present always; if the game does not scare you, you stand a chance of winning big by playing this video game themed slot. If you want to get a complete idea of this masterpiece, experience it yourself and try this slot.

Lara Croft: Tomb Raider slot game

The tomb raider slot machine is a video game slot machine based on the famous action-adventure Tomb Raider. This slot gives you an exciting feel through its elegant features, like how it begins with a mini-movie showing Lara hurdling over obstacles and shooting enemies. The game has 5 reels and 15 pay lines that contain symbols related to the video games, including Lara croft herself. Thanks to the scatter feature that awards eight free spins, you can enjoy 80 hands without spending a nickel.

Street Fighter Slot

In this street-themed game, you play for the thrill. The best online casino suggests that NetEnt provides a combination of familiar characters with smooth features, a peculiar free bonus, and so on. The provider implemented Cluster Pays mode, playable on a 5X5 grid. When you match three characters vertically or horizontally, the valance feature will be initiated in the base game, and winning clusters will make an opportunity for new icons, fighters combat with reel modifiers, and may place up to 7 Wilds.

To score bigger, gamers depend upon the Car Smash Bonus and the Beat the Boss accessible mode. If this isn’t captivating enough, the unlimited spins and jackpots should lure you.

Conclusion

We’ve had quite a lengthy discussion, illustrating the peculiarities that make the best slot-games the best. The above are the best because they combine thrill and a solid likelihood for victory in their fundamental setup; some of these slots have been in the industry longer than others, but their ability to survive time shows how outstanding they are. These masterpieces are indeed masterpieces. If you haven’t tried any of the above slot-games, what are you waiting for?

South Korea Plans To Impose Tax On NFTs

By
Christian Allen Tandoc
-
0
korea-defi

In the midst of the country’s continuous debate about virtual asset taxation, South Korea’s Financial Authority has declared non-fungible tokens (NFT) to be taxable. The South Korean Financial Services Commission (FSC) stated on Tuesday that it would begin taxing NFTs.

According to The Korea Herald, this tax code reform would levy a 20% tax on revenue from virtual assets that exceed 2.5 million won ($2,102) beginning in January of next year.

Doh Kyu-sang, Vice-Chairman of the FSC, stated that NFTs are virtual assets under the existing Act on the Specified Financial Transaction Information. As a result, the government has the authority to levy taxes on them. “Under the legislation, any revenue gained by acquiring and selling virtual assets is classified as “other income” and is taxed.”

cryptocurrency_korea-5192870

However, the FSC’s declaration varies from its previous stance. According to a Financial Action Task Force (FATF) guideline paper, “NFT, or crypto-collectibles, depending on their qualities, are typically not considered [Virtual Assets].” The FSC openly announced that it would not regulate NFTs based on this guidance.

Last month, Finance Minister Hong Nam-ki stated that there is still some question about whether NFTs are classified as virtual assets. “NFTs do not belong to virtual assets yet,” he believes.

Park Sung-Joon, the director of Dongguk University’s Blockchain Research Center, addressed the issue. “With the financial authorities contradicting each other, it is difficult for market participants of virtual assets to determine if they must pay taxes or not,” he added.

He also contrasted the planned NFT tax with the tax rates on actual assets. According to the law, owners of virtual assets must pay a 20% tax on any NFT profits over 2.5 million won. On the other hand, owners of genuine artworks pay a 22 percent tax on profits over 60 million won.

South Korea's First Regulated Crypto Exchange Could Launch in Q3

According to Park, if the government levies taxes on NFTs, the rates should be comparable to those imposed on actual assets. There is no justification for NFTs to be taxed more heavily.

The South Korean NFT tax bill follows in the footsteps of the proposed cryptocurrency tax. In 2020, politicians proposed a contentious tax on earnings from cryptocurrency investments.

This regulation, like the NFT tax law, levies a 20% duty on cryptocurrency earnings over 2.5 million won. The law was supposed to go into force in January 2022. The opposition People Power Party, on the other hand, is calling for a one-year extension. They also advocate for tax rates to be adjusted in accordance with the planned Financial Investment Income Tax regime.

Bitcoin Casinos Growing in the iGaming Community

By
Christian Allen Tandoc
-
0
maxresdefault-2021-11-29t112903-152

Bitcoin has evolved at a breakneck pace since its inception, and we now see even more applications for it. Online gaming, which has become the most popular form of entertainment in the modern world, is one business that has embraced Bitcoin and other cryptocurrencies with open arms.

The combination of Bitcoin with online casinos has resulted in crypto-friendly websites that provide its users with greater ease and anonymity. As a result, it is not unexpected that approximately half of all BTC transactions are related to gambling.

The next essay will go into further detail about Bitcoin online gambling and explain why it is so popular. However, if you’re new to the world of Bitcoin, we recommend starting with this crypto blog.

Reasons for Bitcoin Casino Popularity

The Role Of Bitcoin Casinos In Online Gambling | UseTheBitcoin

Bitcoin and its variants have piqued the interest of those searching for more secure and simple ways to conduct online transactions. People from all over the globe may now visit casino sites and play fascinating games thanks to cryptocurrency, even in countries where internet gambling is strictly prohibited.

Although most individuals gamble for entertainment purposes, not everyone is at ease with their bank accounts and statements, including such information. Fortunately, Bitcoin is a decentralized currency, which means that no banks or other parties are involved in the transactions. As a result, cryptocurrencies are the greatest option if you do not want your bank accounts tied to online casinos.

Finally, Bitcoin transactions take place within the blockchain architecture, which is virtually unbreakable. This technology allows you to play games in a completely safe atmosphere where you don’t have to worry about your privacy or the game’s fairness.

The Advantages of Using Bitcoin in Online Gambling

bitcoin-casino-1892568

Although we are still learning about Bitcoin’s benefits, the ones we know can persuade any player to begin making BTC casino transactions. The following is a list of the most significant advantages Bitcoin offers over fiat currencies:

  • There are no restrictions — The standard transfer limits do not apply.
  • Wide game selection – While there aren’t many Bitcoin-focused casinos, some online sites that accept BTC payments have amazing game collections.
  • Direct wins transfer – Because Bitcoin transactions do not involve third parties, casinos payout prizes straight to you.
  • Bitcoin does not utilize encryption, therefore this adds an extra degree of protection. Instead, it employs ECDSA (Elliptic Curve Digital Signature Algorithm), which is more secure than traditional encryption systems.
  • Owner-only funds – You are the sole owner of your Bitcoins. Unlike banks, which have access to your account, blockchain technology only allows the owner to monitor transactions.

Why Will People Continue to Play at Bitcoin Casinos?

bitcoin-casino-6876619

There are no signs that interest in Bitcoin will wane anytime soon, thus the number of gamers utilizing this money at online casinos will only increase. If you’re wondering why, here are a few factors that contribute to Bitcoin’s popularity:

  • Transaction fees are minimal to non-existent – Unlike banks and standard e-wallets, Bitcoin transactions have almost no fees.
  • Quick transactions – Depositing and withdrawing coins from an online casino takes only a few seconds.
  • Anonymity – To build a crypto wallet or transfer coins, you do not need to enter any personal information. You only need the BTC wallet address and keys.
  • Security – Blockchain technology enables transactions to be completely safe and secure. Any fraudulent acts are rendered impossible by the entire system and security levels.

Bitcoin Casinos in the Future

10 Must-Do in Bitcoin Casino - Business Case Studies

Despite its volatility, Bitcoin continues to draw individuals from all around the world. Anyone seeking independence from banks improved security and increased anonymity begins to invest in Bitcoin. Furthermore, cutting-edge crypto wallets make storing currencies and use them for online casino transactions.

Because of this and the other reasons outlined above, we feel Bitcoin’s future in online gaming is secure. On the other side, an increasing number of online casinos are beginning to recognize Bitcoin’s potential, paving the way for more crypto-friendly websites to emerge in the future.

Because this cryptocurrency has permeated different industries and has become a key online payment method for many individuals, it is not surprising that all online casino operators have begun taking BTC transactions.

Adidas Announces Partnership With The Sandbox and Coinbase

By
Christian Allen Tandoc
-
0
maxresdefault-2021-11-29t111506-587

Adidas has launched a foray into cryptocurrency, partnering with Coinbase and metaverse playground The Sandbox this week. The acquisitions, which have so far been kept under wraps, immerse the big fashion company in its first major venture into crypto and blockchain technology.

The move is expected to be Adidas’ first foray into ‘metaverse clothes,’ a growing issue primarily pursued by high fashion firms thus far. A tweet from the Adidas Originals account hinted at what’s to come, but no specifics have appeared yet.

However, considering Coinbase’s recent move to focus intensively on NFTs, our team believes that the scope of this relationship will most likely be centered on NFTs. Intellectual property in NFTs has been a source of heated debate in the crypto community.

Individuals are prepared to pay a premium for brand names in real life. Don’t be shocked if this holds in the metaverse as well. Depending on the distribution plan, even modest Adidas memorabilia might cost a premium.

Early sources speculated that the relationship between Coinbase and Adidas might also be centered in payments, possibly introducing some crypto payment integration to the Adidas retail environment.

screen-shot-2021-11-24-at-12-19-15-pm-640x295-2581972

The Coinbase announcement was preceded by a recent Sandbox tweet that linked to a 144-parcel Adidas Originals spot on The Sandbox. The 144 plots rapidly commanded prices north of 400 ETH – around $1.7M.

This follows a record $2.4M purchase of a virtual real estate property on Decentraland. The whales have made their way inside the chamber.

Adidas’ move always lags behind that of Nike, which recently teamed with Roblox on virtual branding branded ‘NIKELAND.’ Nike also has a long history with patents, including numerous recent petitions with the United States Patent and Trademark Office that imply the company may be expanding its footprint in NFTs and the metaverse. In late 2019, the largest sports gear business obtained a patent for “CryptoKicks.”

Tokens such as MANA (Decentraland) and SAND (The Sandbox) have seen significant price increases in the last week or two due to metaverse discourse and brand engagement.

1...469470471...863Page 470 of 863

Recent Posts