Monat: Februar 2022

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Realm teams up with Alkimi to bring Ads into the Metaverse

  • Realm users can tap into decentralised ads and earn as they experience the metaverse.
  • The partnership will allow players to opt-in or opt-out as they wish.

Realm has teamed up with decentralised advertising exchange Alkimi Exchange to bring fraud-free and transparent advertising to the play-to-earn platform’s Metaverse.

Built on Constellation’s Hypergraph, Alkimi aims at bringing value exchange to advertisers, publishers and players within the industry.

The partnership, according to the press announcement, sees Realm and Alkimi align the core values of ensuring a sustainable advertising environment. The collaboration allows Realm to use the Hypergraph-based platform’s technology to incentivise players, making it easy to earn from advertisements.

Growth within the metaverse has seen major brands and providers seek to leverage the technology to reach potential customers.

As the branded partnerships explore the ads, players can choose to opt-in or out, with access to “custom, branded content” or retain control over their data.

“Realm partnering with Alkimi enables us to tap into revenue streams from existing advertising formats, then share that revenue with the player that created the data in a transparent way,” Realm co-founder and CEO Matthew Larby said.

Creating a personalised NFT microverse

Realm’s mobile-first, play-to-earn (P2E) platform provides for a metaverse environment where gamers and artists have the unique opportunity to create a non-fungible token (NFT) collection in ‘realm.’

It is thus possible for a player or artist to create a personalised NFT microverse with all their unique music, art, and games. Users can then mint a whole metaverse world as an ERC-1155 NFT that would be tradable on the OpenSea marketplace.

Realm also offers a platform where players can explore the NFT space, allowing them to discover, trade, and collect NFTs.

The post Realm teams up with Alkimi to bring Ads into the Metaverse appeared first on Coin Journal.

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Bware Labs raises $7M in funding

Bware Labs, a startup creating a platform for decentralized API infrastructure, connecting blockchain data consumers to nodes supplied by independent providers, has raised a total of $7 million after a $6 million follow-up funding round, Coin Journal learned from a press release. 

Investors include Infinity Ventures Crypto, Woodstock, Hypersphere Ventures, Blizzard, Figment, Axia8, Kosmos Ventures, Impossible Finance, Coingecko Ventures, Connext, and others. 

Among those in the previous round were GBV, Spartan Group, and Morningstar Ventures, who also took part in the recent one. 

Eliminating reliance on centralized node operators

Bware Labs aims to resolve a common issue: today, most infrastructure relies on centralized node operators to interact with the blockchain. There are such services on major blockchains, such as Infura on Ethereum (ETH/USD), a traditional company accepting payment in fiat.

Performance and reliability without compromise

Bware Labs also aims to solve problems with unreliable blockchain access. Its end goal is to ensure reliability and performance without compromise, exceeding the standards set by its centralized competitors.

In a first for the industry, node providers will be incentivised by being allowed to stake BWR tokens for rewards and getting a share of the platform revenues.

Viable data streams via RPC, WebSocket

Users will avail of high quality service via geographical node distribution, which will ensure viable data streams via RPC, WebSocket, or traditional HTTP REST protocols depending on the chain supported.

Flavian Manea, CEO of Bware Labs commented:

We are very excited to have finalized this investment round, for two main reasons: One is about the strength we brought into our team, by onboarding experienced investors, from both crypto and traditional finance, big tech projects and fellow infrastructure players. The other reason is related to our company’s growth and the expansion of our tech offering which can now happen at an accelerated pace due to the financing we were able to secure and the support of our investors.

Brian Weaver, Engineering Manager at Hypersphere added:

Hypersphere is excited to partner with Bware Labs on this opportunity. The team’s expertise and vision will enable builders to focus on developing multi-chain applications while eliminating much of the costly infrastructure overhead. Bware has built a strong team of experts who are capable of meeting the requirements of today’s projects while simultaneously scaling to meet the needs of future chains and customers.

Lydia Chiu, Vice President of Business Development at Ava (AVAX/USD) Labs said on behalf of Blizzard:

Bware Labs is playing a key role in expanding and hardening the infrastructure available to builders across the Avalanche community. We look forward to seeing its team and technology take the next leap forward.

The post Bware Labs raises $7M in funding appeared first on Coin Journal.

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LUNA soars as Terra secures $1 billion for a Bitcoin-denominated UST reserve

  • Terra announced it had raised $1 billion from Jump Crypto and Three Arrows Capital, with the funds set to go into a Bitcoin reserve for the network’s largest stablecoin TerraUSD (UST).
  • LUNA price jumped over 14% to break above $60 after the news.
  • Bitcoin was trading near $39,000 after a 4% upside, with bulls looking to strengthen above the key support at $38k.

LUNA, the native token on decentralised proof of stake (PoS) blockchain platform Terra, has soared more than 14% in the past 24 hours, amid a broader bounce in the crypto market.

Terra’s impressive rebound briefly pushed the coin’s value against the US dollar above $60 on Wednesday morning.

According to data from CoinGecko, the LUNA/USD pair is currently hugging the supply barrier, with momentum likely to push the token to highs last seen in January.

$1 billion for a BTC reserve

On Tuesday, the Luna Foundation Guard (LFG) announced it had successfully raised $1 billion in one of the crypto industry’s largest sales.  The platform said the funds are going to into a Bitcoin-denominated reserve for its stablecoin  TerraUSD (UST).

UST is a $12 billion market cap stablecoin, and the reserve funds are set to help ensure the 1:1 dollar peg is fully accounted for in ready funds.

According to LFG, the reserve provides for an extra layer of ensuring the dollar peg does not deviate so much during “contractionary cycles.”

“The UST Forex Reserve is an LFG initiative to provide a further layer of support for the UST peg using assets that are considered less correlated to the Terra ecosystem, like Bitcoin,” LFG wrote.

The decentralised Forex reserve for the stablecoin received investment backing from Jump Crypto and Three Arrows Capital among other top venture capital investors.

LUNA’s price has shot up in the past 24 hours due to the news. LUNA/USD currently changes hands near $59.97.

Elsewhere, Bitcoin price was up 4% at the time of writing to see the top cryptocurrency by market cap hover above $39,000. he BTC/USD pair had dipped below $37,000 on Tuesday as the Russia-Ukraine conflict spooked markets.

The post LUNA soars as Terra secures $1 billion for a Bitcoin-denominated UST reserve appeared first on Coin Journal.

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Highlights Feb 23: Intel reveals BTC mining chip, major cryptos rebound

Top 10 cryptos rebounded after plummeting on Monday. Intel unveiled a new Bitcoin mining chip which may weaken Chinese dominance over the Bitcoin mining hardware market.

US stocks fell yesterday as Russia invaded Ukraine. The DJ30 was down 1.42%, the NASDAQ100 slid 1.23%, while the SPX500 dropped 1%.

The UK100 (+0.62%) advanced yesterday despite news that the UK government had started imposing sanctions on Russia.

The price of oil continues to show volatility over the risk of war. A potential deal with Iran will increase global oil supplies. Oil surged past $94.50 yesterday before dropping below $91.

Top cryptos

Avalanche jumped more than 10%, Cardano gained 9%, Solana almost 8%, and Ethereum and BNB were up more than 5%. Bitcoin was trading just above $38,000 at time of writing, up more than 3% over the past 24 hours.

Terra is up almost 15% today, Polygon around 9%. Crypto.com’s CRO is advancing toward gains of 11% in the last 24 hours.

Top movers

All top 100 coins are in the green today. Standout gainers include Anchor with 18%, Arweave with 11%, Kadena and Quant with 13%, and Stacks, Maker, Fantom, and Decentraland with 10% each.

Hedera’s token HBAR currently ranks #33 on CoinMarketCap and is inching its way toward the top 20 biggest coins by market cap thanks to a stellar recent performance. It added 15% to its value today.

Trending

Doge Rise Up is barking the loudest now. The Binance Smart Chain token, which features automatic liquidity pool growth and holder rewards through taxes on transactions, is up 314% in the last 24 h.

BCOIN is the in-game token of Bombcrypto, a classic play-to-earn game. After a series of exciting updates and upgrades, it has gained 180%.

The post Highlights Feb 23: Intel reveals BTC mining chip, major cryptos rebound appeared first on Coin Journal.