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Bearish chart pattern hints at $70 Solana (SOL) price before a possible oversold bounce

Bearish chart pattern hints at $70 Solana (SOL) price before a possible oversold bounce

A confirmed head and shoulders pattern on SOL’s daily chart points toward a drop to $ 70.

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NFTs: Forget apes and penguins — Let’s talk diapers, hardware and museums

NFTs: Forget apes and penguins — Let’s talk diapers, hardware and museums

Nonfungible tokens represent a seachange of strategic opportunities for brand marketers as they look to engage their prospects and customers.

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SIDUS HEROES: Merging NFTs, DeFi, and Gaming Into a Play-To-Earn Metaverse

The race to set up the building blocks of the metaverse is on and many companies are hard at work establishing the world’s first open-source, decentralized virtual universe.

This race has in part been galvanized by the rise of NFTs (Non-Fungible Tokens), whose values have shot up in price in direct correlation with rising cryptocurrency prices.

One of the biggest initiatives out there currently working to establish a metaverse with a play-to-earn gaming model is the SIDUS HEROES project. This is a first-of-its-kind Web Graphics Library (WebGL) and massively multiplayer online role-playing game (MMORPG) platform set in an outer space metaverse scenario at a time when machines have merged with living things. Inside the SIDUS HEROES universe, life, as we know it, has changed beyond anything we’d recognize today, and the technology, having permeated everyday life, has passed the point of no return.

The game provides players with the adventure of interstellar exploration and a battle royale experience, as well as the opportunity to build social, political, and economic partnerships within the game’s ecosystem. In this metaverse with its play-to-earn economy, players fight for scarce resources that are scattered throughout its universe.

The platform’s economy is supported by a two-token system – one that is used in payment for work or services rendered and the other to enable voting as members of the platform’s decentralized autonomous organization (DAO).

What Exactly is SIDUS HEROES?

At its core, SIDUS HEROES is an MMORPG that’s built using the play-to-earn model, which means it incorporates aspects of decentralized finance, NFTs, and blockchain connectivity. By doing so, it hopes to establish a thriving metaverse economy.

SIDUS HEROES is a new type of video game where players get to earn real rewards for their efforts or actions in the game. Thanks to the incorporation of NFTs into its blockchain, each player gets ownership rights over the in-game assets they either earn as rewards or purchase using the platform’s native tokens.

The game’s internal economy is built with tangible value in mind, thereby making a substantial contribution to the leisure economy in which players can earn a living from simply playing games and interacting on the platform.

What’s more, SIDUS HEROES takes the entire concept to an entirely different level owing to an infrastructure that allows players to engage with the platform, without having to download sophisticated applications onto their PC, Android, iOS or Mac devices.

With a simple click of a button, players can begin experiencing the SIDUS HEROES universe using any browser, since the platform comes with a Web Graphics Library (WebGL).

How the SIDUS HEROES Game Works

As mentioned earlier, the game is set in a futuristic universe inhabited by 12 races. There are different communities within the game’s metaverse based on the different races. The features that come with a player’s avatar are determined by the race it belongs to.

Due to the different races, the gameplay involves clashes and battles between the races. Players can form groups with other individuals from different backgrounds to push a common agenda within the SIDUS HEROES game.

Players can build fighting legions, do battles with other players in the Arena or challenge other players to a duel. Other players may instead choose to explore the SIDUS HEROES metaverse and seek out adventures or become outer space pirates who plunder the virtual seas. Explorers traveling through the SIDUS HEROES universe also get to discover hidden gems in the form of monsters and other space creatures that can be tamed, bred, and used in battles. These in-game space creatures are bought as NFTs and can be traded for other digital assets within the platform’s ecosystem.

What’s more, players with a creative bent can become farmers, builders, and creators using the platform’s NFTs infrastructure to mint new in-game assets that can be sold within the platform’s ecosystem.

SIDUS HEROES Tokenomics

The platform’s economic model influences the gaming experience and is tied to its play-to-earn model, which is designed to incentivize players to keep coming back to the platform. The team behind the platform believes that the incentives built into the metaverse are enough to keep each player engaged for at least 3 years, thanks to the earning opportunities they’ve incorporated into it.

Players don’t just earn from fighting, there are rewards to be had from contributing to the labor market through the platform’s supported professions, which depend on where the player prefers to operate. Each profession has an important role in the game’s ecosystem.

For this reason, the SIDUS HEROES platform features a dual-token economy. Its two native tokens are the SIDUS and the SENATE.

Both tokens act as the platform’s internal currency and can be used to make purchases. However, only the SENATE token can be used to buy premium assets such as virtual plots of land and spaceships or station modules within the game. The SIDUS token, on the other hand, is primarily used to purchase wearable NFTs for a player’s avatar, as well as other enhancements and equipment within the game.

When it comes to the platform’s governance and decision-making through the DAO, players holding the SENATE token get to vote on various changes to the SIDUS HEROES universe. Payments for other internal services and platform commissions are made with the SIDUS token.

Both tokens benefit from a deflationary process, which creates positive pressure on the demand for the platform’s in-game assets. The maximum supply of SENATE tokens stands at 300 million and 30 billion for SIDUS tokens.

NFTs in the SIDUS HEROES Metaverse

Non-fungible tokens are a key aspect of building any metaverse and the team behind the SIDUS HEROES project has brought together numerous artists and developers to design a unique NFT concept.

Within the SIDUS HEROES metaverse, every in-game asset, whether it be a spaceship, a character, or a piece of equipment, is an NFT. The platform uses a proprietary blockchain network in addition to WebGL technology, allowing every player to have easy access without the need for additional sophisticated devices or software.

WebGL makes it possible for each player to dive into the game and experience the incredible 3D graphics that make up the SIDUS HEROES metaverse, using only a simple browser. This makes access to the platform’s NFTs very easy, especially for a global audience who is eager for a simplified way to own and trade NFTs.

Not only can NFTs be bought and sold on the platform’s marketplace, but there are also special edition NFTs. Overall, the platform features 3 NFT collections which include the SIDUS NFT HEROES, the SIDUS GENESIS NFTs, and the SIDUS ACADEMY NFTs. The SIDUS NFT HEROES features a collection of 6,000 unique characters and ownership of each NFT from the collection can get a holder an in-game character or a ticket to the SIDUS GENESIS game.

The SIDUS GENESIS NFT collection originates from the SIDUS NFT HEROES collection. This set features a new collection of NFT cards with 3 levels of rarity. Each rare card can give a holder entrance to the game.

Then there is the SIDUS ACADEMY NFTs which are a set of NFTS that will transform into in-game characters giving owners access to the SIDUS HEROES metaverse and game.

SIDUS HEROES Partnerships and Future Outlook

Going forward, the SIDUS HEROES team plans to continue its partner-building strategy with high-profile investors and the most popular YouTube creators. In this way, the project can drum up support with the help of social media influencers and prominent crypto and blockchain VC firms.

So far, the team has partnered with quite a number of notable figures in the blockchain industry, including the fast-growing VC fund Anti Fund, founded by Geoffrey Woo and Jake Paul (the famous YouTuber and entrepreneur).

Apart from Jake Paul’s contribution, the SIDUS HEROES project will also benefit from influencers such as Alex Becker, MrBeast, and EllioTrade, who collectively bring with them an audience of over 120 million.

In the second quarter of 2022, SIDUS HEROES will expand its universe with the addition of new star systems, the launch of a mobile web version, and the launch of a reputation reward system for those loyal to the SIDUS token.

Developments are also underway to establish a launchpad for players, giving them away to raise capital and support for their own in-game projects.

Overall, the SIDUS HEROES team is busy at work building the platform and ensuring that the tokenomics model is stable. The platform’s roadmap envisions a future where NFTs will be used in various ways, including for the purchase of virtual garments, land, avatars, homes, and other items within the game. The intention is to introduce a type of gameplay that’s designed to incentivize players to go beyond seeking entertainment, one that empowers them to become investors and entrepreneurs in their own right.

 

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Price analysis 1/19: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOT, AVAX, DOGE

Price analysis 1/19: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOT, AVAX, DOGE

Sell pressure on BTC and altcoins is beginning to alleviate, but data suggests that it’s too early to call for a reversal.

Cointelegraph.com News

Singapore crypto ATMs shut down after central bank crackdown

Singapore crypto ATMs shut down after central bank crackdown

The move is part of a broader effort by the Singaporean watchdog to regulate advertising cryptocurrency to the public.

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Price analysis 1/17: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOT, AVAX, DOGE

Price analysis 1/17: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOT, AVAX, DOGE

Bitcoin and most major altcoins took a turn for the worse after BTC price dipped below $ 42,000.

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The Importance of True Digital Ownership in An Age of Data Monetization

In our current digital age, data is king. Businesses of all sizes are increasingly looking to monetize user data in order to power their products and services. However, the way in which these businesses go about extracting value from data often lacks fairness and transparency.

Take Facebook, for example. The social media giant has come under fire in recent years for its business model, which is based on monetizing user data without giving anything back to the users themselves. This was most recently highlighted with the company’s rebranding to “Meta”, which signifies its concerning foray into the metaverse industry.

Google is another high-profile example of a company that has faced criticism for its monetization of user data. The search giant has been embroiled in a number of antitrust cases in Europe, with regulators accusing the company of abusing its dominant market position to prioritize its own products and services over those of its competitors.

Thankfully, blockchain technology offers a potential solution to this issue. Blockchain is a distributed database that allows for the creation of digital ownership and fair distribution of wealth through trustless and permissionless protocols. This makes it an ideal technology for enabling a more equitable data monetization model.

Enabling True Digital Ownership

One company that is taking advantage of blockchain to enable true digital ownership is Next Earth. Next Earth is a virtual land platform that allows users to own and lease virtual land. The company launched its own token, NXTT, on January 27th. All Platform Fees, Rewards, land purchases, marketplace sales are done in NXTT.

As Gabor Retfalvi, founder of Next Earth, explains, “We truly believe that we can help the world become a better place, with the democratization of the Metaverse; with true digital ownership by the community, by delivering an economy where users can monetize themselves, create not just wealth and value, but also the community-driven content of the Metaverse itself, and get appreciated for it.”

In other words, Next Earth’s platform gives users true digital ownership of their land, allowing them to control how it is used and who has access to it. Next Earth also provides transparency into the entire process, so users know exactly how their data is being monetized.

This creates a more equitable data model in which users are compensated and in control.

Can Blockchain Fix the Metaverse?

The idea of the metaverse isn’t new—in his 1992 novel “Snow Crash,” Neal Stephenson described a digital world in which people could interact and do business. From science fiction to the real world, startups like Second Life sprung up in the early 2000s to try and bring this vision to life. However, these efforts have fallen short due to a lack of fairness and transparency in their business models.

Next Earth is looking to change all that with its use of blockchain technology. With its platform and token, Next Earth is creating a more equitable system that will be essential for the success of the metaverse.

The future of the metaverse hinges on the ability of businesses to interact with user data in a fair and transparent manner. Blockchain technology holds the promise of enabling just that.

The idea of DAOs, or Decentralized Autonomous Organizations, takes this to a new level. This is why Retfalvi says that “the endgame of Next Earth is a fully DAO controlled state-of-the-art self-sustaining platform.” Ultimately, Next Earth will be fully user-controlled and will give back more and more to its users and the surrounding community.

Why True Virtual Land Ownership Matters

In the physical world, we own the land we live on and the things that are on it. We can use this land to build our homes, businesses, and other structures. We can also sell it, lease it, or give it away. This is a basic right that we have in the physical world and it is one that we should also have in the digital world.

Virtual land is a key part of the metaverse and it should be owned by the users who inhabit it. Next Earth is leading the charge in making this a reality with its platform and token. With Next Earth, users will finally have true digital ownership of their land. This is a fundamental right that should be afforded to all users of the metaverse.

Ultimately, the current model of data monetization is unfair and it needs to change. Metaverse users should be rewarded for the data that they provide rather than having it taken away without anything given back in return. Next Earth is leading the charge in making this a reality and its platform and token will help to create a more fair and equitable metaverse.

 

Photo by Jeremy Bezanger on Unsplash
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22-year-old Indonesian boy makes $1M by selling NFT selfies on OpenSea

22-year-old Indonesian boy makes $1M by selling NFT selfies on OpenSea

Ghozali spent five years clicking selfies in front of his computer, which was later converted into NFTs and uploaded to OpenSea in December 2021.

Cointelegraph.com News

Uruguay reportedly installs its first Bitcoin ATM

Uruguay reportedly installs its first Bitcoin ATM

Uruguay’s first crypto ATM has been installed in the coastal city of Punta del Este, a major tourist attraction in the region.

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Price analysis 1/12: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, DOT, AVAX, DOGE

Price analysis 1/12: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, DOT, AVAX, DOGE

Bitcoin and most major altcoins have started a strong recovery that could reach overhead resistance levels where bears may mount a strong defense.

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