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Alien Worlds NFTs Sell Out in First ETH-WAX Dutch Auction

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Zug, Switzerland–(Newsfile Corp. – October 15, 2020) – Alien Worlds (alienworlds.io), the NFT DeFi metaverse created by the team that pioneered the decentralised autonomous community (DAC) and tokenised block producer eosDAC, has sold out its inaugural NFT sale in the first-ever Dutch auction on the WAX Blockchain.

Alien Worlds is the only NFT DeFi project cross-denominated on both Ethereum and WAX. Gamers farm the metaversal ERC-20 token, Trilium, using NFT land and tools. NFT cards confer gameplay advantages in mining and fighting, and power is expressed by participants staking the ERC-20 Trilium token to planets, each of which is a DAC with dedicated elected leadership.

The Alien Worlds inaugural Dutch NFT auction concluded on Oct. 10, 2020, and allowed gamers to secure Launch Packs at a range of prices. Launch Packs sold out well in advance of the conclusion of the auction, which was scheduled to run for 24 hours.

Buyers opined on purchasing strategies in the active Alien Worlds Telegram channel during the lively auction and are keenly awaiting the four additional Alien Worlds NFT pack sales that will occur this autumn. Buyers paid the opening Dutch auction prices to secure “first mints,” which are popular among NFT collectors due to their ultra-rarity. As prices moved down through the price range, auction participants were determined to secure Alien Worlds NFT cards with better stats, which make mining and fighting more lucrative within the metaverse and which can later be “shined” for even greater gameplay efficiency.

The upcoming NFT auction schedule will be:

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  • Oct. 23: Rare Pack Sale – 4,000 packs with greater probabilities of receiving Rare-type cards and some special cards reserved for this sale.
  • Nov. 6: Legendary Pack Sale – 3,000 packs with greater probabilities of receiving Legendary-type cards.
  • Nov. 20: eosDAC Pack Sale – Sale for eosDAC tokens with bonus probabilities.
  • Dec. 4: Special Land Pack Sale – The only chance to obtain Land NFTs.

The auctions take place on the Alien Worlds Sales website and offer parallel supply on Ethereum and WAX. NFT holders from Ethereum communities like Decentraland, Gods Unchained, Sandbox, RARI and Axie, as well as the growing WAX-based NFT communities, participate in tandem. Alien Worlds NFTs are available in the upcoming auction series, but the fungible Trilium token can only be obtained in-game through play. Alien Worlds co-founder and blockchain lead Michael Yeates has innovated the first cross-chain Ethereum-WAX methodology, which allows the fungible Trilium token to be recorded and transacted simultaneously across both blockchains.

“The success of Alien Worlds’ first auction tells me our community understands how NFTs complement DeFi so synergistically,” said Alien Worlds co-founder Rob Allen. “People love NFTs because they are digital items you can use in gameplay and collect. People love DeFi because it’s an emerging application of blockchain through which we find sources of potential earnings and arrange those directly with peers. Within Alien Worlds there’s a home for both, because our project relies on both NFTs and the decentralised autonomous community or DAC structure, which allows users to decide how earnings are apportioned.”

Since Ethereum is the home of DeFi and WAX is “the King of NFTs,” Alien Worlds sits at the crossroads of these advances in blockchain by being the first and only cross-denominated project. To strengthen this conjunction, Alien Worlds is reaching out to highly invested Ethereum NFT enthusiasts. The project has dropped Promo Packs of NFTs onto the top 6,400 NFT holders in Decentraland, RARI, Gods Unchained, Sandbox and Axie. Users can check if they made the cut and claim their Promo Packs via alienworlds.io. Alien Worlds is also seeking ETH Ambassadors to help spread the word.

“We’re excited to see how the community evolves this project, particularly in terms of ‘planets,’” said co-founder Sarojini McKenna. “Users choose where to stake their Trilium, and a planet with more Trilium staked to it will receive more rewards, which that planet can decide how to use – including paying its backers. The fact that each planet is its own DAC makes this truly decentralised, which we know from experience leads to an abundance of energy and creativity; wonderful things you never could have foreseen start happening.”

Alien Worlds is set in a future in which some of Earth’s inhabitants have discovered a way to escape the raging pandemics on Earth through a wormhole revealed to them by an advanced alien race, which sent messages through Bitcoin mining algorithms. To build a fairer economy, everything in the Alien Worlds metaverse was tokenised.

Now, the Alien Worlds “Star Route” or roadmap, published on the project’s website, includes the launch of the beta Unity user interface, the opening of the “shining” functionality in which NFTs can be combined to create rarer items, and the commencement of battling using NFT weapons and minions in the Thunder Dome. Further developments in the metaversal narrative arc, sometimes precipitated by guidance from an Ancient Alien AI, will be ongoing.

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About Alien Worlds (alienworlds.io): Alien Worlds is a smart-contract decentralised metaverse combining DeFi farming with NFT card-based strategy play. Alien Worlds has partnered with a game engineering studio to create the metaversal UI, which will call blockchain commands seamlessly so anyone can explore, earn, battle and stake in Alien Worlds. For more information, join our Telegram or Discord or refer to our Blockchain Technical Blueprint.

About Dacoco (dacoco.io): Alien Worlds creators Dacoco GmbH are based in Zug’s Crypto Valley and have a strong EOSIO pedigree. The team were instrumental in the EOS chain launch as key members of “Ghostbusters,” the tech group that successfully garnered sufficient tokenholder backing to launch the EOS blockchain. Dacoco founders were also crucial to the highly successful 2018 eosDAC airdrop and are active workers within eosDAC, the only DAC block producer on EOS, WAX and other chains. Dacoco GmbH is a member of the Blockchain Game Alliance.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/65939

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Blockchain

PayPal receives New York crypto trust charter

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The New York State Department of Financial Services (NYDFS) has granted PayPal Digital a limited purpose trust charter, a designation typically held by digital asset custodians and some stablecoin issuers.

Last August, PayPal launched its PYUSD stablecoin, marking the first stablecoin from a BigTech company. Paxos Trust Company, which also holds an NYDFS limited trust charter, currently issues the PYUSD stablecoin. Paxos has been PayPal’s partner for its cryptocurrency services since inception. Consequently, the new trust charter may signal PayPal’s intention to take over the custody of its clients’ crypto-assets and potentially move the issuance of PYUSD in-house.

Despite reaching out to PayPal for clarification on the purpose of the trust charter, no response was received before publication.

The PYUSD stablecoin is still in its early stages, with its recent integration for cross-border payments via PayPal’s Xoom app. The stablecoin’s market capitalization has grown to nearly $400 million, up from $190 million in early April. Notably, wallets associated with the issuer Paxos hold over $125 million, possibly on behalf of PayPal. The top five wallets constitute 71% of the stablecoin balance, with 17 wallets holding $1 million or more, accounting for 97% of the total holdings.

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The largest holders include Paxos, Crypto.com, Curve (DeFi), Defiance Capital, and Frax (DeFi). Among these, Crypto.com holds a balance of $103 million and Bullish holds $23 million.

Additionally, in November, the SEC’s enforcement division issued a subpoena requesting documents related to the issuance of the PYUSD stablecoin.

Source: ledgerinsights.com

The post PayPal receives New York crypto trust charter appeared first on HIPTHER Alerts.

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Blockchain

Hong Kong SFC to conduct compliance checks on crypto firms

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The Hong Kong Securities and Futures Commission (SFC) has announced that it will conduct on-site compliance checks on local virtual asset trading platforms (VATPs) that are still completing their regulatory applications following the June 1 licensing deadline.

In a notice issued on May 28, the SFC emphasized that all local crypto trading platforms must be either licensed or “deemed-to-be-licensed” by the regulatory body before the June 1 deadline. Operating an unlicensed VATP in Hong Kong after this date will be considered a criminal offense, and the SFC will actively pursue non-compliant companies.

In the coming months, the SFC will perform on-site inspections of deemed-to-be-licensed VATP applicants to evaluate their compliance with regulatory requirements. These inspections will focus on how firms safeguard client assets and implement Know Your Customer (KYC) processes.

The SFC urged investors to trade cryptocurrencies only on SFC-licensed platforms to ensure their protection. It also cautioned companies seeking licenses against actively marketing their services or onboarding new retail clients until they are formally licensed. Additionally, firms must prevent mainland Chinese residents from accessing their services, adhering to China’s ban on cryptocurrency trading.

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Earlier this month, it was reported that the number of crypto exchanges seeking operational licenses in Hong Kong had been decreasing. Eleven crypto companies and exchanges, including well-known platforms like OKX and Huobi’s local arm, withdrew their applications ahead of the deadline. Currently, only 18 applications remain pending approval.

In response to the upcoming licensing requirements, some crypto firms have proactively taken steps to ensure compliance. For example, Gate.HK, a crypto exchange, halted all activities related to acquiring new users and marketing, prevented existing users from making deposits, and began delisting tokens on May 23. The exchange plans to relaunch its services after restructuring its platform to comply with Hong Kong’s regulatory requirements.

According to the SFC, only two companies, OSL Digital Securities Limited and Hash Blockchain Limited, have been granted licenses to operate in Hong Kong so far.

Source: tradingview.com

The post Hong Kong SFC to conduct compliance checks on crypto firms appeared first on HIPTHER Alerts.

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Blockchain

Argentina crypto group plans to set up a blockchain valley in Buenos Aires

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The crypto community in Argentina is planning to establish a “blockchain valley” in Buenos Aires as part of the Crecimiento movement, which has a following of 500 individuals.

This group includes prominent figures in the country’s crypto ecosystem, such as Diego Guitérrez, co-founder of Bitcoin Layer 2 Rootstock; Marcelo Cavazzoli, CEO and co-founder of Lemon Cash, a leading crypto purchasing app in Latin America; and Elian Alvarez, a general partner at Ripio Ventures.

Significantly, Crecimiento’s core team has the support of advisors to Argentina’s new libertarian president, Javier Milei.

Crecimiento aims to create a hub for crypto and technology-oriented business founders in the capital, offering a comprehensive three-dimensional plan. This includes bringing 5 to 10 million people on-chain by offering exclusive items, boosting the number of tech-related startups, and providing necessary support.

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The group’s mission is to work with Argentina’s newly crypto-friendly government to bolster the cryptocurrency sector through initiatives like tax rebates, industry investment, and simplified regulations.

During his campaign, President Milei highlighted the benefits of Bitcoin, associating it with a sense of freedom, though no formal statements have been made on the subject. Nonetheless, the group has been actively collaborating with officials to establish their crypto center in Buenos Aires.

Maria Milagros Santamaria, a Web3 lawyer, noted that regulators are showing a high level of positivity toward their proposals and are requesting specific plans regarding the crypto sector to move forward. She mentioned that there are only a few individuals opposed to the initiative, and fortunately, their numbers are minimal.

Source: cryptonewsz.com

The post Argentina crypto group plans to set up a blockchain valley in Buenos Aires appeared first on HIPTHER Alerts.

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