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Kava Launches Liquid Staking With Successful Mainnet Upgrade

27 Oct 2022

Oasys, a Web3, EVM-compatible, gamefi-focused blockchain project, launched the first phase of its mainnet on October 25th. The company, which has gathered support from AAA gaming companies such as Sega, Ubisoft, and Bandai Namco, will start validating blocks from all nodes in preparation for its definitive activation slated to happen on November 8th.

Oasys, a blockchain project that aims to serve gaming companies by offering fast transactions with zero fees, has taken its first step towards being fully operational. The company recently announced that it has launched the first phase of the activation of its mainnet, with validators in the network already talking to nodes and testing the main functions of the chain.

The validator set of the chain is composed of 21 companies, including AAA names like Sega, Bandai Namco, Square Enix, and Ubisoft. The full mainnet launch is predicted to happen on November 8th, when the chain will begin integrating the essential components of the system with the larger ecosystem.

Daiki Moriyama, director at Oasys, stated:

The Mainnet launch is a significant step forward in creating a fully-functional, public-led gaming blockchain that will transform the gaming future and give extensive value to players and game developers alike.

This launch comes after the company received an audit from Quantstamp, a smart security auditing company, certifying its smart contracts system works as intended. Oasys raised $20 million in a private token sale in July, with the participation of Republic Capital, Jump Crypto, Crypto.com, Huobi, Kucoin, and Gate.io. However, the company is still working to make its token available for general investors on several exchanges.

Oasys is looking to forge itself a place in the growing gamefi (the intersection of gaming and finance) market by offering a gamer-friendly chain that is promoted as ecological and fast, also taking the fees problem out of the equation. The sector is valued at $8 billion currently and is expected to grow exponentially, reaching a valuation of more than $50 billion by 2025.

Several companies have already partnered with Oasys to use its upcoming network as the basis for their Web3-involved projects. Among these is Sega, which will launch its first licensed blockchain game, to be developed by Double Jump Tokyo, using Oasys’ services to integrate Web3 elements.

Square Enix, another AAA gaming company, will also explore the development of blockchain-based games as part of a partnership with Oasys.

What do you think about Oasys’ mainnet launch? Tell us in the comments section below.

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

Oasys, a Web3, EVM-compatible, gamefi-focused blockchain project, launched the first phase of its mainnet on October 25th. The company, which has gathered support from AAA gaming companies such as Sega, Ubisoft, and Bandai Namco, will start validating blocks from all nodes in preparation for its definitive activation slated to happen on November 8th.

Oasys, a blockchain project that aims to serve gaming companies by offering fast transactions with zero fees, has taken its first step towards being fully operational. The company recently announced that it has launched the first phase of the activation of its mainnet, with validators in the network already talking to nodes and testing the main functions of the chain.

The validator set of the chain is composed of 21 companies, including AAA names like Sega, Bandai Namco, Square Enix, and Ubisoft. The full mainnet launch is predicted to happen on November 8th, when the chain will begin integrating the essential components of the system with the larger ecosystem.

Daiki Moriyama, director at Oasys, stated:

The Mainnet launch is a significant step forward in creating a fully-functional, public-led gaming blockchain that will transform the gaming future and give extensive value to players and game developers alike.

This launch comes after the company received an audit from Quantstamp, a smart security auditing company, certifying its smart contracts system works as intended. Oasys raised $20 million in a private token sale in July, with the participation of Republic Capital, Jump Crypto, Crypto.com, Huobi, Kucoin, and Gate.io. However, the company is still working to make its token available for general investors on several exchanges.

Oasys is looking to forge itself a place in the growing gamefi (the intersection of gaming and finance) market by offering a gamer-friendly chain that is promoted as ecological and fast, also taking the fees problem out of the equation. The sector is valued at $8 billion currently and is expected to grow exponentially, reaching a valuation of more than $50 billion by 2025.

Several companies have already partnered with Oasys to use its upcoming network as the basis for their Web3-involved projects. Among these is Sega, which will launch its first licensed blockchain game, to be developed by Double Jump Tokyo, using Oasys’ services to integrate Web3 elements.

Square Enix, another AAA gaming company, will also explore the development of blockchain-based games as part of a partnership with Oasys.

What do you think about Oasys’ mainnet launch? Tell us in the comments section below.

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

Financial authorities in Singapore have proposed new regulations designed to protect consumers from risks associated with cryptocurrency investment and trading. The measures, which also aim to expand regulations for stablecoins, will be discussed with the industry before their adoption.

The Monetary Authority of Singapore (MAS) has put forward draft regulations that aim to restrict crypto trading for retail investors with the stated goal of reducing risks for consumers associated with decentralized digital currencies, while boosting the development of stablecoins. The city-state’s central bank believes the latter are credible as a medium of exchange.

The proposed measures have been detailed in two consultation papers published by the authority, with which it seeks feedback from industry participants. The plan is to introduce the new rules as guidelines before eventually incorporating them into the Payment Services Act.

“Trading in cryptocurrencies is highly risky and not suitable for the general public,” the MAS reasoned. At the same time, it acknowledged that such digital coins play a supporting role in the digital asset ecosystem and banning them would not be feasible.

In an announcement on Wednesday, the monetary authority explained that the proposals cover three main areas — consumer access, business conduct, and technology risks. It intends to limit the risk of speculative trading by introducing certain obligations for crypto service providers.

These companies will have to ensure that their customers make informed decisions by providing risk disclosures, including about price fluctuations and cyberthreats. The central bank suggests they should not allow or offer retail investors the option to pay with credit.

Cryptocurrency platforms will also be required to keep customers’ assets separate from their own funds and may be prevented from lending investors’ assets to third parties. However, regardless of these measures, users will still be ultimately responsible for their decisions and actions.

Licensed crypto service providers and those operating under exemption while awaiting authorization would be required to comply with the upcoming regulations. However, the new, stricter rules would not apply to accredited or institutional investors.

Praising the potential of “well-regulated and securely backed” stablecoins to facilitate transactions in the digital assets space, the MAS indicated that it plans to expand the regulatory framework for them in order to ensure their stability. It will focus on the issuance of stablecoins pegged to a single currency and with circulation exceeding 5 million Singapore dollars (approx. $3.5 million).

Under the proposed rules, issuers will be required to hold reserve assets equivalent to at least 100% of the nominal value of the coins, which can be pegged only to the Singapore dollar or any Group of Ten (G10) currency. They will have to publish a white paper, meet a base capital requirement and maintain liquid assets. Domestic banks will be allowed to issue stablecoins, the authority noted.

The latest regulatory move in Singapore, a major financial center that also took steps to establish itself as a crypto hub, comes amid intensifying global efforts to regulate the crypto economy following events like the collapse of the terrausd (UST) stablecoin and the bankruptcy of the Singapore-based crypto hedge fund Three Arrows Capital.

“The two sets of proposed measures mark the next milestone in enhancing Singapore’s regulatory approach to foster an innovative and responsible digital asset ecosystem,” MAS Deputy Managing Director of Financial Supervision Ho Hern Shin said in a statement. Interested parties have been invited to submit comments on the proposals by Dec. 21.

Do you expect Singapore authorities to eventually adopt the proposed tighter crypto regulations? Share your expectations in the comments section below.

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

Financial authorities in Singapore have proposed new regulations designed to protect consumers from risks associated with cryptocurrency investment and trading. The measures, which also aim to expand regulations for stablecoins, will be discussed with the industry before their adoption.

The Monetary Authority of Singapore (MAS) has put forward draft regulations that aim to restrict crypto trading for retail investors with the stated goal of reducing risks for consumers associated with decentralized digital currencies, while boosting the development of stablecoins. The city-state’s central bank believes the latter are credible as a medium of exchange.

The proposed measures have been detailed in two consultation papers published by the authority, with which it seeks feedback from industry participants. The plan is to introduce the new rules as guidelines before eventually incorporating them into the Payment Services Act.

“Trading in cryptocurrencies is highly risky and not suitable for the general public,” the MAS reasoned. At the same time, it acknowledged that such digital coins play a supporting role in the digital asset ecosystem and banning them would not be feasible.

In an announcement on Wednesday, the monetary authority explained that the proposals cover three main areas — consumer access, business conduct, and technology risks. It intends to limit the risk of speculative trading by introducing certain obligations for crypto service providers.

These companies will have to ensure that their customers make informed decisions by providing risk disclosures, including about price fluctuations and cyberthreats. The central bank suggests they should not allow or offer retail investors the option to pay with credit.

Cryptocurrency platforms will also be required to keep customers’ assets separate from their own funds and may be prevented from lending investors’ assets to third parties. However, regardless of these measures, users will still be ultimately responsible for their decisions and actions.

Licensed crypto service providers and those operating under exemption while awaiting authorization would be required to comply with the upcoming regulations. However, the new, stricter rules would not apply to accredited or institutional investors.

Praising the potential of “well-regulated and securely backed” stablecoins to facilitate transactions in the digital assets space, the MAS indicated that it plans to expand the regulatory framework for them in order to ensure their stability. It will focus on the issuance of stablecoins pegged to a single currency and with circulation exceeding 5 million Singapore dollars (approx. $3.5 million).

Under the proposed rules, issuers will be required to hold reserve assets equivalent to at least 100% of the nominal value of the coins, which can be pegged only to the Singapore dollar or any Group of Ten (G10) currency. They will have to publish a white paper, meet a base capital requirement and maintain liquid assets. Domestic banks will be allowed to issue stablecoins, the authority noted.

The latest regulatory move in Singapore, a major financial center that also took steps to establish itself as a crypto hub, comes amid intensifying global efforts to regulate the crypto economy following events like the collapse of the terrausd (UST) stablecoin and the bankruptcy of the Singapore-based crypto hedge fund Three Arrows Capital.

“The two sets of proposed measures mark the next milestone in enhancing Singapore’s regulatory approach to foster an innovative and responsible digital asset ecosystem,” MAS Deputy Managing Director of Financial Supervision Ho Hern Shin said in a statement. Interested parties have been invited to submit comments on the proposals by Dec. 21.

Do you expect Singapore authorities to eventually adopt the proposed tighter crypto regulations? Share your expectations in the comments section below.

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

PRESS RELEASE. Leading global cryptocurrency exchange, Bitget announces that it has entered into a partnership with Lionel Andrés Messi, the iconic Argentine footballer and winner of a record-breaking seven Ballon d’Or awards. The announcement kicks off the engagement between Bitget and Messi and signals the meeting of sports and crypto, a promise of lasting efforts to benefit two worlds

Lionel Andrés Messi, also known as Leo Messi, is one of the most popular and widely recognised sports stars and a recipient of six European Golden Shoes. In November, Messi will be joining the Argentinian national team as its captain for his 5th World Cup, hosted by Qatar this year.

Bitget, established in 2018, is a leading cryptocurrency exchange with innovative products and social trading services as its key features. Its flagship product of social trading, One-Click Copy Trade, has amassed over 55,000 professional traders, with around 1.1 million followers, reflecting Bitget’s long-term efforts and achievements in crypto social trading.

Through this partnership, Bitget will give Messi fans a unique opportunity to explore Web 3.0 and the potential of trading crypto on the exchange. There is also a shared understanding that the partnership will allow both parties to commit to more impactful efforts, extending beyond cryptocurrency and football.

Gracy Chen, Managing Director of Bitget, says, “We try to reflect the diversity and richness of our platform community in the partnerships we choose. We open up Web 3 to sports fans; they open the field to crypto traders. And to top it all off, we pool our resources to help those who need it. I can’t imagine it any other way.”

Over the last year, Bitget has partnered with teams and businesses which exemplify the highest levels of their respective industries. From Italy’s most established football club Juventus, and Turkish powerhouse Galatasaray FC, to esports titan Team Spirit and purveyors of premium international esports tournaments and events PGL, Bitget is committed to giving its ecosystem a network of world-class affiliates.

Of their partnership with Messi, Chen remarks, “As the Football World Cup approaches, Messi is to lead Argentina to new glory. We are honoured to be partnered with him, especially at this moment in his career, and we are thrilled to have such a force of nature collaborate with us. We look forward to getting to know Messi – the man, the myth, the GOAT – but also the philanthropist, the activist, the humanist. We can’t wait to hit the ground running and work with him to make a real, lasting impact for the future.”

“I wanted to thank Bitget for their enthusiasm in making me participate in the world of crypto. I trust that both parties can activate meaningful initiatives as well as in offering web 3 to the sports fans” Leo Messi says.

About Bitget

Established in 2018, Bitget is one of the world’s leading cryptocurrency exchanges with a core focus on social trading. Currently serving over two million users in more than 50 countries around the world, Bitget accelerated its mission to promote decentralised finance with an 800-strong workforce.

The leading exchange focuses on transforming the way people connect and trade with social trading. Its flagship offering, One-Click Copy Trade, is nothing short of a pioneer in social trading and has amassed over 55,000 professional traders, with approximately 1.1 million followers, innovating the experience for crypto traders worldwide.

Adhering closely to its philosophy of ‘Better Trading, Better Life’, Bitget is committed to providing comprehensive and secure trading solutions to users globally, aiming to be the portal that transcends Web2 and Web3, that connects CeFi and DeFi, resulting in an expansive bridge to the vast web of crypto. In September 2021, Bitget announced its sponsorship of world-renowned football team Juventus as its first-ever sleeve partner and PGL Major’s official esports crypto partner soon after. Partnerships with the leading esports organisation, Team Spirit, and Turkey’s leading and long-standing football club, Galatasaray, were also announced in early 2022.

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

PRESS RELEASE. Leading global cryptocurrency exchange, Bitget announces that it has entered into a partnership with Lionel Andrés Messi, the iconic Argentine footballer and winner of a record-breaking seven Ballon d’Or awards. The announcement kicks off the engagement between Bitget and Messi and signals the meeting of sports and crypto, a promise of lasting efforts to benefit two worlds

Lionel Andrés Messi, also known as Leo Messi, is one of the most popular and widely recognised sports stars and a recipient of six European Golden Shoes. In November, Messi will be joining the Argentinian national team as its captain for his 5th World Cup, hosted by Qatar this year.

Bitget, established in 2018, is a leading cryptocurrency exchange with innovative products and social trading services as its key features. Its flagship product of social trading, One-Click Copy Trade, has amassed over 55,000 professional traders, with around 1.1 million followers, reflecting Bitget’s long-term efforts and achievements in crypto social trading.

Through this partnership, Bitget will give Messi fans a unique opportunity to explore Web 3.0 and the potential of trading crypto on the exchange. There is also a shared understanding that the partnership will allow both parties to commit to more impactful efforts, extending beyond cryptocurrency and football.

Gracy Chen, Managing Director of Bitget, says, “We try to reflect the diversity and richness of our platform community in the partnerships we choose. We open up Web 3 to sports fans; they open the field to crypto traders. And to top it all off, we pool our resources to help those who need it. I can’t imagine it any other way.”

Over the last year, Bitget has partnered with teams and businesses which exemplify the highest levels of their respective industries. From Italy’s most established football club Juventus, and Turkish powerhouse Galatasaray FC, to esports titan Team Spirit and purveyors of premium international esports tournaments and events PGL, Bitget is committed to giving its ecosystem a network of world-class affiliates.

Of their partnership with Messi, Chen remarks, “As the Football World Cup approaches, Messi is to lead Argentina to new glory. We are honoured to be partnered with him, especially at this moment in his career, and we are thrilled to have such a force of nature collaborate with us. We look forward to getting to know Messi – the man, the myth, the GOAT – but also the philanthropist, the activist, the humanist. We can’t wait to hit the ground running and work with him to make a real, lasting impact for the future.”

“I wanted to thank Bitget for their enthusiasm in making me participate in the world of crypto. I trust that both parties can activate meaningful initiatives as well as in offering web 3 to the sports fans” Leo Messi says.

About Bitget

Established in 2018, Bitget is one of the world’s leading cryptocurrency exchanges with a core focus on social trading. Currently serving over two million users in more than 50 countries around the world, Bitget accelerated its mission to promote decentralised finance with an 800-strong workforce.

The leading exchange focuses on transforming the way people connect and trade with social trading. Its flagship offering, One-Click Copy Trade, is nothing short of a pioneer in social trading and has amassed over 55,000 professional traders, with approximately 1.1 million followers, innovating the experience for crypto traders worldwide.

Adhering closely to its philosophy of ‘Better Trading, Better Life’, Bitget is committed to providing comprehensive and secure trading solutions to users globally, aiming to be the portal that transcends Web2 and Web3, that connects CeFi and DeFi, resulting in an expansive bridge to the vast web of crypto. In September 2021, Bitget announced its sponsorship of world-renowned football team Juventus as its first-ever sleeve partner and PGL Major’s official esports crypto partner soon after. Partnerships with the leading esports organisation, Team Spirit, and Turkey’s leading and long-standing football club, Galatasaray, were also announced in early 2022.

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

PRESS RELEASE. Before cryptocurrencies rose to popularity a few years ago, entrepreneurs were uncertain about the potential crypto had to yield decent profits over time. However, investing in crypto has proven to be a profitable, albeit volatile, endeavor for entrepreneurs over time, and crypto has now become one of the most lucrative and accessible markets for investment and trading. Johnney Zhang is a real estate veteran and is among the few early crypto adopters who believed in the future growth of the cryptocurrency market during its infancy.

In 2021, Zhang founded a unique cryptocurrency called United States Property Coin (USPC), backed by an income-producing real estate portfolio in the United States. Zhang is also the CEO of the backing company behind USPC – Primior – which he established in 2013. USPC already has both the traction and capital needed to make this project a success: Primior has successfully developed over $1 billion worth of real estate projects, putting them ahead of competitors and earlier attempts at merging crypto and real estate.

Zhang predicted the rich potential that adopting blockchain technology in the real estate space held and established this project to merge real estate with blockchain technology. “The cryptocurrency market is highly volatile. In contrast, while stable and relatively predictable, the real estate market is historically illiquid compared to other investment options. USPC seeks to solve both problems at once. It is stable because it is tied to an income-producing real estate portfolio, and it’s highly liquid because you can trade it peer-to-peer like any other cryptocurrency,” says Zhang.

USPC is transforming the crypto market by integrating real estate investing, and bringing blockchain innovation to property ownership by tokenizing real estate assets in high-demand markets throughout the United States. USPC is classified as an asset-backed security token, which utilizes an institutional-grade blockchain solution that complies with current securities law and regulations. “A blockchain is a secure network which processes transactions and logs them on an open ledger, or a website showing the transaction information. By leveraging its peer-to-peer nature as a security token, USPC can offer highly liquid access to the real estate market without compromising investor protection,” asserts Zhang.

USPC announced its roadmap several months ago, yet notable accomplishments have already been recorded within the short time of entry into the market. The cryptocurrency acquired its first seed asset, a $10 million luxury multifamily property in Venice Beach, California, early in 2022. The multi-million-dollar property was designed and developed by USPC’s parent company, Primior, and is home to nearly 100 individuals – making it a very profitable asset. This asset will be securitized and have its value transferred to and distributed on the blockchain using the USPC token, and it’s the first of many more assets to come.

The project is scheduled to launch in November of 2022. When available for public purchase, 1 USPC will be equivalent to $1 USD. “Over time, as the real estate assets it represents appreciates, the value of 1 USPC should appreciate alongside those assets. Moreover, as we aim to acquire hundreds, and potentially even thousands more properties in the U.S. and securitize those properties on the blockchain, the value of 1 USPC should increase at a rate that greatly outpaces the inflation rate of the U.S. dollar,” says Zhang.

USPC invites real estate investors, crypto holders, wealth/finance enthusiasts, and virtually anyone interested in getting started with either real estate or cryptocurrency investing to learn more about them on their official website.

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

PRESS RELEASE. Before cryptocurrencies rose to popularity a few years ago, entrepreneurs were uncertain about the potential crypto had to yield decent profits over time. However, investing in crypto has proven to be a profitable, albeit volatile, endeavor for entrepreneurs over time, and crypto has now become one of the most lucrative and accessible markets for investment and trading. Johnney Zhang is a real estate veteran and is among the few early crypto adopters who believed in the future growth of the cryptocurrency market during its infancy.

In 2021, Zhang founded a unique cryptocurrency called United States Property Coin (USPC), backed by an income-producing real estate portfolio in the United States. Zhang is also the CEO of the backing company behind USPC – Primior – which he established in 2013. USPC already has both the traction and capital needed to make this project a success: Primior has successfully developed over $1 billion worth of real estate projects, putting them ahead of competitors and earlier attempts at merging crypto and real estate.

Zhang predicted the rich potential that adopting blockchain technology in the real estate space held and established this project to merge real estate with blockchain technology. “The cryptocurrency market is highly volatile. In contrast, while stable and relatively predictable, the real estate market is historically illiquid compared to other investment options. USPC seeks to solve both problems at once. It is stable because it is tied to an income-producing real estate portfolio, and it’s highly liquid because you can trade it peer-to-peer like any other cryptocurrency,” says Zhang.

USPC is transforming the crypto market by integrating real estate investing, and bringing blockchain innovation to property ownership by tokenizing real estate assets in high-demand markets throughout the United States. USPC is classified as an asset-backed security token, which utilizes an institutional-grade blockchain solution that complies with current securities law and regulations. “A blockchain is a secure network which processes transactions and logs them on an open ledger, or a website showing the transaction information. By leveraging its peer-to-peer nature as a security token, USPC can offer highly liquid access to the real estate market without compromising investor protection,” asserts Zhang.

USPC announced its roadmap several months ago, yet notable accomplishments have already been recorded within the short time of entry into the market. The cryptocurrency acquired its first seed asset, a $10 million luxury multifamily property in Venice Beach, California, early in 2022. The multi-million-dollar property was designed and developed by USPC’s parent company, Primior, and is home to nearly 100 individuals – making it a very profitable asset. This asset will be securitized and have its value transferred to and distributed on the blockchain using the USPC token, and it’s the first of many more assets to come.

The project is scheduled to launch in November of 2022. When available for public purchase, 1 USPC will be equivalent to $1 USD. “Over time, as the real estate assets it represents appreciates, the value of 1 USPC should appreciate alongside those assets. Moreover, as we aim to acquire hundreds, and potentially even thousands more properties in the U.S. and securitize those properties on the blockchain, the value of 1 USPC should increase at a rate that greatly outpaces the inflation rate of the U.S. dollar,” says Zhang.

USPC invites real estate investors, crypto holders, wealth/finance enthusiasts, and virtually anyone interested in getting started with either real estate or cryptocurrency investing to learn more about them on their official website.

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

PRESS RELEASE. San Francisco, California, 27th October, Chainwire: Blockchain infrastructure platform Gluwa is partnering with the Lagos State government to transform the agricultural sector. The move will enable the digitization of agricultural assets, making it easier for farmers in the region to obtain finance.

The project will involve the Lagos State Ministries of Agriculture, Finance, Science and Technology as well as the Lands Bureau. These entities will support the integration of physical farmlands into non-fungible tokens in a bid to provide access to digital asset-backed loans for all Lagos state farmers.

Gluwa CEO Tae Oh said: “Agriculture is one of the backbones of the Nigerian economy, with 35% of the population in its employ. It must be modernized for the government and the private sector to realize its full potential and attendant benefits.”

“According to the five-year Lagos State Agricultural and Food Systems roadmap, where the sector is projected to generate upwards of $10B by 2025, it will be of immense value for agricultural assets to be identified, recorded, and traded using innovative blockchain technology.”

Speaking at the launch, the Lagos Commissioner for Agriculture, Abisola Olusanya, noted that the administration of Governor Babajide Sanwo-Olu aims to make Lagos State fully self-sufficient in the areas of wealth generation, value creation, food security and industrialization of the agricultural sector.

Olusanya said its strategies for sustainable agricultural development focus on three pillars of growing the upstream sector. This will be achieved through leveraging technologies that can lower the cost of production of value chains, “focus on growing the midstream and downstream sectors that are of value, and improve on private sector participation by developing and initiating policies that will encourage more private investments in agriculture.”

About Gluwa

Gluwa is an open finance platform, connects capital from developed markets to emerging market lending opportunities using blockchain technology. By providing the decentralized infrastructure rails to raise and disburse capital anywhere in the world, investors can use the Gluwa Invest platform to partake in debt-financing deals with emerging market fintech lenders, earning up to 15% APY.

VP of Business

Aston Lee

Gluwa

support@gluwa.com

 

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

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SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale

Grayscale Investments' CEO explains that the U.S. Securities and Exchange Commission (SEC) could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund (ETF). SEC Approving Spot Bitcoin ETF Is 'a Matter of When and Not ... read more.

PRESS RELEASE. San Francisco, California, 27th October, Chainwire: Blockchain infrastructure platform Gluwa is partnering with the Lagos State government to transform the agricultural sector. The move will enable the digitization of agricultural assets, making it easier for farmers in the region to obtain finance.

The project will involve the Lagos State Ministries of Agriculture, Finance, Science and Technology as well as the Lands Bureau. These entities will support the integration of physical farmlands into non-fungible tokens in a bid to provide access to digital asset-backed loans for all Lagos state farmers.

Gluwa CEO Tae Oh said: “Agriculture is one of the backbones of the Nigerian economy, with 35% of the population in its employ. It must be modernized for the government and the private sector to realize its full potential and attendant benefits.”

“According to the five-year Lagos State Agricultural and Food Systems roadmap, where the sector is projected to generate upwards of $10B by 2025, it will be of immense value for agricultural assets to be identified, recorded, and traded using innovative blockchain technology.”

Speaking at the launch, the Lagos Commissioner for Agriculture, Abisola Olusanya, noted that the administration of Governor Babajide Sanwo-Olu aims to make Lagos State fully self-sufficient in the areas of wealth generation, value creation, food security and industrialization of the agricultural sector.

Olusanya said its strategies for sustainable agricultural development focus on three pillars of growing the upstream sector. This will be achieved through leveraging technologies that can lower the cost of production of value chains, “focus on growing the midstream and downstream sectors that are of value, and improve on private sector participation by developing and initiating policies that will encourage more private investments in agriculture.”

About Gluwa

Gluwa is an open finance platform, connects capital from developed markets to emerging market lending opportunities using blockchain technology. By providing the decentralized infrastructure rails to raise and disburse capital anywhere in the world, investors can use the Gluwa Invest platform to partake in debt-financing deals with emerging market fintech lenders, earning up to 15% APY.

VP of Business

Aston Lee

Gluwa

support@gluwa.com

 

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

PRESS RELEASE. San Francisco, United States, 26th October, 2022, Chainwire: The Kava Network, an open-source, EVM and Cosmos IBC compatible, Layer-1 blockchain ecosystem, successfully implemented its Kava 11 mainnet upgrade on October 26th.

Kava, a Layer-1 blockchain network connecting EVM and Cosmos through its Co-Chain architecture, successfully launched its Kava 11 mainnet upgrade on October 26th at 15:00 UTC. The upgrade enables many new features, especially Kava Network’s new state-of-the-art liquid staking (Kava Liquid) feature, the first-ever fully convertible liquid staking protocol.

The Kava 11 upgrade is the beginning of a new chapter for Kava. Liquid staking on Kava lays the foundation for unlocking all staked KAVA for use in DeFi protocols on the Kava Network. Kava 11 will transition a significant portion of staking rewards over to bKAVA rewards. Converting staked KAVA to bKAVA and supplying the asset to the brand-new Earn (a yield optimizer integrated with Multichain’s ERC-20 bridge) and Boost modules will significantly increase a staking APY. One of the main benefits is that, besides benefitting some of the highest APYs in the market today, stakers will maintain their voting power in the network — a monumental step for DeFi protocols towards real decentralization.

In addition, Kava 11 enables interacting with the Kava App and signing Cosmos SDK transactions directly through MetaMask, greatly simplifying previous processes.

“The goal of Liquid bKAVA is to unlock the power of staked KAVA for all DeFi protocols onboarding rapidly to the Kava network. Unlike other forms of liquid staking, which can only support a small fraction of liquid staked asset conversion, Kava Liquid can handle 100% conversion of staked KAVA to bKAVA and back again while preserving decentralization of voting power. That is an invention unique to the Kava Network and aligns with our goal to grow DeFi protocols on Kava.”

— Scott Stuart, CEO of Kava Labs

One of the most high-impact events linked to the Kava 11 launch is the creation of the Kava Foundation, an entity in which KAVA token delegators will control about $200M in assets to safeguard network growth for the future. The Kava Foundation will enhance network security, aid network infrastructure development, and create new avenues of growth and innovation via Community Owned Liquidity.

Since 2021, more than 40 protocols have been deployed to Kava to join the network’s unique on-chain programmatic builder incentives program Kava Rise. Notable deployments include tier-1 DeFi protocols such as Curve Finance and Sushi, who have decided to join the initiative led by Kava Rise to launch DeFi towards mass adoption. The Kava 3pool on Curve reached $14 million in TVL on the first day of the pool’s KAVA token rewards going live. Sushi’s deployment included integration with Sushi’s most-used dApps – Trident, Furo, BentoBox, and Onsen.

To learn more about the Kava 11 upgrade and its significance for the Kava Network visit here.

About Kava

Kava (kava.io) is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network.

Media Manager

Guillermo Carandini

Kava Labs

guillermo.carandini@kava.io

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

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Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

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