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230,000+ Numi Stories game tickets claimed on the Valicit platform

  • Valicit is a blockchain-based ticketing platform built on Venom.
  • Numi Stories is a mobile app in which kitsch anime-style characters embark on musical adventures.
  • Venom’s design focuses on making the protocol attractive to enterprises, NGOs, and governments that might wish to build on it.

The Venom blockchain-based blockchain ticketing company Valicit has reported exceptional demand for a major metaverse event. More than 230,000 tickets have been redeemed on Venom testnet for the Numi Stories game featuring on Numi metaverse.

The achievement demonstrates Web3’s capability to create digital experiences while attesting to the desire for metaverse gaming experiences.

Why Numi Stories choose Valicity for ticketing

Venom was created as a layer-0 blockchain for hosting web3 applications, including use cases like NFTs, digital ticketing, and web3 experiences.

Interestingly, although Venom is a Turing-complete Proof of Stake network that is run by the Venom Foundation, it is not Venom’s architecture that has drawn in enthusiasts in Numo’s case. Instead, it is FOMO related to the Numo Stories Club 404 Grand Opening.

Numi Stories, a mobile metaverse app, features cute anime-style characters going on musical journeys. Each character is guided through a fantastical realm where sound and colours clash to dizzying effect as they find their rhythm. Owners of the Club 404 tickets sold on Valicit Marketplace receive first access to multiplayer features for the Numi Stories game.

Numi chose to sell its tickets through Valicit because of the qualities for which blockchain is renowned; the capacity to offer a verifiable record of sales that can demonstrate transparency while preventing fraud.

Victor Tumasov, the CEO of Numi, stated that the company was honoured to be selected as one of the initial Venom projects to be integrated into the Valicit ticketing platform. He said:

“For us the ability to sell tickets to events in our metaverse is a very interesting possibility that gives us a lot of potential cool use cases. For the first event we have chosen our PvP mode where Venom users will be able to test their mettle against each other in an amazing dance off in our mobile game.”

Venom finds use cases while on testnet

Venom has positioned itself as being perfectly equipped to host Web3 projects that want to take advantage of all the benefits that blockchain technology naturally offers while upholding the level of compliance required by the financial industry.

Although Venom is now on the testnet, the success of Valicit ticketing for the Numi Stories game proves that the platform is geared to become a major player within the Web3 industry.

The post 230,000+ Numi Stories game tickets claimed on the Valicit platform appeared first on CoinJournal.

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Maker (MKR) price soars amid South Korea expansion push

  • Maker price rally continued on Friday as cryptocurrencies recoiled.

  • The coin reacted to Maker’s push in South Korea.

Maker (MKR) price rally continued as investors watched the expansion of the network in South Korea, one of the biggest players in the crypto industry. The MKR token jumped to a high of $1,150 on Thursday, the highest level since August 16th. It has soared by more than 17% from the lowest level in August.

The main catalyst for the MKR price rally is the developer’s push into South Korea. In a statement on August 29th, the developers said that they were keen to introduce SubDAO in the country. The SubDAO Genesis event will take place on September 3rd in South Korea.

A subDAO is an approach that enhances governance in a blockchain platform. It has an independent foundation and ownership structure but is then tied to the parent DAO inits mission. The goal is to boost more decentralization in the ecosystem.

As part of its South Korean push, Marker is also co-sponsoring EthconKorea, a major event happening in Seoul. 

Maker price is also jumping as demand for Spark Protocol continues. Data compiled by Defi Llama shows that the DeFi protocol has seen its TVL jump to over $681 million in the past few months. Its highest TVL was $700 million.

Investors are attracted to Spark Protocol because of its substantially higher yields compared to its rivals. This also explains why the Dai market cap has been rising recently.

Maker price prediction

The 4H chart shows that the MKR price has been in a steady upward trend in the past few days. In this period, the coin has managed to move above the important resistance level at $1,121, the highest point on August 22nd. The coin has jumped above the 25-period and 50-day moving averages.

Maker price has also jumped above the Ichimoku cloud indicator. Therefore, the outlook for the con is bullish, with the next level to watch being at $1,200. The stop-loss of this trade will be at $1,100.

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The post Maker (MKR) price soars amid South Korea expansion push appeared first on CoinJournal.

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Optimism brings native USDC to OP Mainnet

  • Optimism and USDC issuer Circle have announced native support for USDC on OP Mainnet.
  • The partnership is expected to spur institutional on and off-ramps for Optimism.

Optimism will soon have native support for USDC, the stablecoin issued by Circle. The development follows a partnership between the Ethereum layer 2 blockchain network and Circle, per details of the announcement.

USDC liquidity to boost Optimism ecosystem

USDC’s native access on the Optimism blockchain becomes the official form of the stablecoin for the network. This form of USDC liquidity will eventually replace the Ethereum-bridged USDC, which will in the meantime be labelled as USDC-e on block explorers.

According to Circle, the launch of its stablecoin natively on the Optimism mainnet allows users to access a dollar-backed token “that’s fully reserved and always redeemable 1:1 for US dollars.” It also brings to users institutional on and off-ramps, a factor likely to boost the broader Optimism ecosystem. Circle helped achieve the same with native USDC launch on Arbitrum in June, and recently on Base.

Price reaction to the news has largely been muted, with OP trading near $1.48 and down 0.5% in the past 24 hours. At the time of writing, data from CoinGecko showed OP price has fluctuated between $1.41 and $1.59 in the past week, currently down 5.3% during this timeline.

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Coinbase and PayPal join hands to offer crypto transactions in Europe

  • European users will now be able to purchase cryptocurrencies on Coinbase using PayPal.
  • So far Coinbase users from the US, Canada, UK and Europe can use PayPal to purchase crypto.
  • Coinbase recently got the green light from the National Futures Association to provide cryptocurrency futures to qualified US clients.

The world’s largest online payment company, PayPal, has teamed with Coinbase, a prominent cryptocurrency exchange. This collaboration seeks to make the procedure of purchasing cryptocurrencies for crypto aficionados in Germany and the UK as simple as possible.

According to Coinbase, purchasing cryptocurrencies should be as simple as making any other purchase. However, conventional banking techniques, such as wire transfers, can cause the process to lag. This partnership promises a smoother transactional experience for clients thanks to PayPal’s extensive knowledge and technology investments ensuring safety and transparency.

Purchasing crypto using PayPal on Coinbase

Coinbase is now accessible to those in Germany and the UK that have a PayPal account. The increased security is one of this integration’s most notable benefits. Users of Coinbase no longer have to trust the cryptocurrency exchange with their financial information because they can now rely on PayPal’s advanced security system.

Users who are making a purchase on Coinbase first choose their favourite cryptocurrency, then the payment method, and finally “Add a payment method.” When customers click this, they are redirected to PayPal where they can create an account, choose or add their bank account or debit card, and set up for future purchases. The combined best features of both platforms result in a smooth procedure.

Beyond simple usability, Coinbase offers modern security features including encryption and diligent fraud monitoring.

Coinbase will extend this feature to more European nations over the coming months. Currently, PayPal users in countries including the US, UK, Canada, and the EU can now deposit cash directly into their accounts.

The news adds to Coinbase’s August achievements that saw the crypto exchange get permission from the National Futures Association to provide cryptocurrency futures to qualified US clients.

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