Blockchain Press Releases
Bybit and Franck Muller Partner with Sidus Heroes to Launch Cosmic Gears: A Pioneering Web3 Game with a $250,000 Prize Pool and Exclusive Watch Collection
DUBAI, UAE, April 17, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, and Franck Muller, the renowned Swiss luxury watchmaker, are thrilled to announce Cosmic Gears, a groundbreaking collaboration that shatters the boundaries between GameFi and luxury. Developed alongside Sidus Heroes, the award-winning Web3 game studio, Cosmic Gears seamlessly blends cutting-edge technology with the unparalleled craftsmanship and innovation that defines Franck Muller. Players can compete for a chance to win a share of the staggering $250,000 prize pool, including the highly sought-after “Free the Money. Free the World” watches by Franck Muller, valued at $25,000 each.
Cosmic Gears: An Immersive Adventure for All
Cosmic Gears welcomes players of all ages and skillsets on a thrilling adventure that puts their math skills, logic, reflexes, and luck to the test. Delve into the depths of space in this captivating arcade game that combines mathematical challenges with interstellar exploration, making it a perfect fit for families and seasoned gamers alike.
The Cosmic Gears Tournament: A Lucrative $250,000 Extravaganza
To celebrate the launch, Bybit, Franck Muller, and Sidus Heroes have joined forces to present the Cosmic Gears Tournament, boasting an impressive $250,000 prize pool. Participants will have the chance to win a share of this bounty, including the coveted “Free the Money. Free the World” watches by Franck Muller.
“The unveiling of Cosmic Gears marks the culmination of a remarkable partnership with Franck Muller, which began last year,” says Ben Zhou, Co-founder and CEO of Bybit. “This ongoing collaboration has successfully merged the worlds of GameFi and luxury, resulting in a truly exceptional experience for players globally. With the Cosmic Gears Tournament, we invite gamers to embark on an unforgettable journey while showcasing the seamless integration of cryptocurrency and gaming. This collaboration exemplifies Bybit’s unwavering commitment to pushing the boundaries of innovation and creating meaningful experiences for our community.”
Tournament Details
Duration: April 29 to May 29, 2024
How to Join: To participate in the Cosmic Gears Tournament, players must acquire a Hero from the Bybit Marketplace and activate it on http://www.cosmicgears.io The game can then be accessed through the Cosmic Gears Bot on Telegram.
For more information, please visit our official announcement: https://announcements.bybit.com/article/bybit-x-franck-muller-enter-the-cosmic-gears-tournament-win-luxury-watches-web3-nft–bltbfdaf30f4b73f11c/
#Bybit / #TheCryptoArk / #BybitWeb3
About Franck Muller
Franck Muller, the prestigious Swiss luxury watchmaker (since 1991), is renowned for exceptional craftsmanship and innovative designs. Franck Muller watches are celebrated for their intricate complexity, exquisite aesthetics, and attention to detail, making them a favorite among collectors and connoisseurs of fine horology. Additionally, the experts at Franck Muller value innovation as much as they honor tradition. This reverence is beautifully embodied in their latest collection, which seamlessly melds a crypto cold wallet with the classic wristwatch.
About Sidus Heroes
Sidus Heroes is a pioneering, Web3, space-based gaming Metaverse that offers interstellar exploration and conquests. The metaverse features multiple game studios, unified under one lore book, and a common economy across all its titles. SIDUS embraces a cross-platform approach, enabling seamless progress transference between all its high-quality gaming products. The Metaverse is constantly evolving, incorporating new and exciting projects while nourishing and upgrading staple games, such as Xenna, Tembazar, Nidum, and others.
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1 million wallet users, over 10 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 25 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit, please visit Bybit Web3.
About Bybit
Bybit is one of the world’s top three crypto exchanges by trading volume with 25 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Logo – https://mma.prnewswire.com/media/2311075/Bybit_Web3_Logo.jpg
Blockchain
Cryptocurrency market sees decline as Bitcoin and Ethereum slip
According to an article on The Economic Times, the cryptocurrency market has experienced a decline, with both Bitcoin and Ethereum slipping in value. The article notes that the volume of all stablecoins has reached $52.74 billion, accounting for approximately 90.58% of the total cryptocurrency market’s 24-hour trading volume, based on data available on CoinMarketCap.
The decline in the cryptocurrency market, as observed with the decrease in the value of Bitcoin and Ethereum, suggests a period of market correction or consolidation. Investors may be exercising caution amid increased volatility or uncertainty in the broader financial markets or due to specific factors impacting the cryptocurrency sector.
The significant volume of stablecoins, which are cryptocurrencies pegged to fiat currencies like the US dollar, indicates that investors may be seeking stability or hedging against market volatility by holding assets with a fixed value. Stablecoins serve as a means of preserving capital during periods of market turbulence and facilitate easier trading between cryptocurrencies and traditional fiat currencies.
Overall, the data provided in the article offers insights into the current state of the cryptocurrency market, highlighting the dominance of stablecoins and the challenges facing major cryptocurrencies like Bitcoin and Ethereum. As market conditions evolve, investors and traders will continue to monitor developments and adjust their strategies accordingly to navigate the dynamic landscape of the cryptocurrency market.
Source: economictimes.indiatimes.com
The post Cryptocurrency market sees decline as Bitcoin and Ethereum slip appeared first on HIPTHER Alerts.
Blockchain
IIT Madras Moves Student Election Voting to Blockchain, Identifies Challenges
The Indian Institute of Technology (IIT) Madras is conducting blockchain-based research on college student elections voting in India. This initiative aims to explore the potential of blockchain technology to enhance transparency, security, and efficiency in the electoral process at educational institutions.
IIT Madras to leverage blockchain technology for student elections voting, a critical aspect of campus governance and democracy. By utilizing blockchain, the institute seeks to address common challenges associated with traditional voting systems, such as ballot tampering, voter fraud, and logistical inefficiencies.
The research project underscores the growing interest in blockchain-based solutions for electoral processes, both in India and globally. Blockchain’s inherent features, including immutability, decentralization, and transparency, make it well-suited for ensuring the integrity and fairness of elections, whether at educational institutions or in broader political contexts.
The adoption of blockchain technology for student elections voting reflects a broader trend of innovation and experimentation in the application of blockchain across various sectors. As awareness of blockchain’s potential benefits continues to grow, institutions and organizations are increasingly exploring its use cases for improving governance, accountability, and trust in electoral processes.
Overall, the research being conducted by IIT Madras highlights the transformative potential of blockchain technology in revolutionizing traditional voting systems. By harnessing the power of blockchain, educational institutions and governments alike can pave the way for more transparent, secure, and democratic elections, ultimately strengthening the foundations of democracy and governance.
Source: gadgets360.com
The post IIT Madras Moves Student Election Voting to Blockchain, Identifies Challenges appeared first on HIPTHER Alerts.
Blockchain
EgenLayer’s Airdrop Plan Raises Concerns Over Token Distribution Equity
Egenlayers’ airdrop plan has raised concerns over token distribution equity, as reported by Blockchain.News. This initiative has sparked discussions within the cryptocurrency community regarding fairness and transparency in token distribution mechanisms.
The airdrop plan devised by Egenlayers, a blockchain project, has drawn attention due to perceived inequities in how tokens are being distributed. Concerns have been raised regarding the criteria used to determine eligibility for the airdrop, as well as the potential concentration of tokens among certain individuals or groups.
These concerns highlight the importance of ensuring equitable distribution of tokens to promote fairness and inclusivity within the cryptocurrency ecosystem. Transparency in token distribution processes is crucial for building trust among participants and maintaining the integrity of the project.
The controversy surrounding Egenlayers’ airdrop plan underscores broader challenges faced by blockchain projects in designing and implementing token distribution mechanisms. Balancing the need for widespread token distribution with considerations of fairness and efficiency is a complex task that requires careful planning and execution.
Moving forward, it is essential for blockchain projects to prioritize transparency, accountability, and community engagement in their token distribution strategies. By soliciting feedback from stakeholders and implementing mechanisms to ensure fairness and equity, projects can enhance trust and confidence among participants, ultimately contributing to the long-term success and sustainability of the ecosystem.
Source: blockchain.news
The post EgenLayer’s Airdrop Plan Raises Concerns Over Token Distribution Equity appeared first on HIPTHER Alerts.
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