Blockchain
ZIQ Introduces a Metaverse To Trade Real-Estate Virtually On 3D Maps
Singapore–(Newsfile Corp. – October 26, 2021) – ZIQ is proud to introduce a Metaverse to trade Real-Estate Virtually On 3D Maps. Trading virtual real estate is not a new thing in the crypto world, but ZIQ aims to do differently by combining virtual real estate with real world maps.
ZIQ was first created to build a software or platform infrastructure where blockchain or cryptocurrency can be used, utilized and consumed in practice by users. One of its platform being built right now is ZIQ World, it’s a metaverse where users can trade virtual real estate based on 3D maps in real time.
ZIQ Introduces a Metaverse To Trade Real-Estate Virtually On 3D Maps
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In the Metaverse
In this metaverse, what users trade with ZIQ tokens are called “tiles”, one tile is implemented in 30 square meters. For this reason, each region of the ZIQ World is made up of a different number of grid tiles.
For example, the Korea region, which will be opened first on October 28, 2021, has a total of 112 million tiles. The following region update schedules confirmed are Shanghai, Beijing, China Area, New York, U.S.A Area, London, UK Area, Tokyo, Japan Area, Paris, French Area and more to come.
Multiple ways to trade tiles
There are two ways that users can trade tiles, one way is buying at forced price, which means users could pay an additional ZIQ token equal to 30% of the most recent traded price to forcibly take those tiles; another way is buying at user price, which means users can buy at the price set by the most recent tile owner. Virtual real estate in ZIQ World trading between all users are traded and concluded in real time on the map, and recent transactions are displayed on the graph of each tile.
About ZIQ Token and the tokenomics
The ZIQ token used in trading tiles is an Ethereum-based erc-20 smart contract token, and it has already been listed on other trading platforms including LBank Exchange. The total issued supply of ZIQ token is 3 billion (i.e. 3,000,000,000 ZIQ), and 70% of it will be provided for staking, which will start in November 2021, all users will receive staking interest in ZIQ tokens equivalent to 20% of the asset value if they hold 10,000 tiles or more before the ZIQ TIME reaches 00:00:00 at the end of each month and is initialized. In order to receive a 20% staking interest, users must continue to trade while defending tiles to hold more than 10,000 tiles before the ZIQ TIME is reset every month.
Besides these instant 30% profit through forced trading and 20% interest staking per month for holding 10,000 tiles or more, users can also use ZIQ tokens to purchase NFT ownership of 3D virtual real estate objects, such as the Statue of Liberty and the Eiffel Tower, and eventually the platform will go beyond that by including 3D objects like vehicles, people and other animals to build a true 3D metaverse. ZIQ project has a plan to launch a separate marketplace for these in the form of NFTs in the future.
Utilizing Crypto in Various Ways
ZIQ World is only a part of the whole ZIQ project, in fact, there are already two other platforms and software being provided, ZIG QUEST and ZIQ Wallet.
ZIG QUEST is a real-time job search and matching platform based on map and user location. The platform was launched on May 16, 2021, and has more than 20,000 users so far. It updates 900 to 1,200 job information data every day, and provides services to users such as real-time user chat, transaction transfer, job search review, evaluation and history management. ZIQ tokens are used for payment between users, payment escrow and purchase of paid services on ZIG QUEST.
ZIQ Wallet is a decentralized crypto wallet for ZIQ token and Ethereum, although it currently only supports Korean, the English and Chinese will be updated in the future. Users can download it through Google Play Store or Apple App Store and use it immediately.
In addition to these platforms and software, the ZIQ project team plans to develop more platforms and software where ZIQ tokens can be utilized in various ways.
The Beginning Of The Future
With a well-planned roadmap ahead, this is only the beginning of the ZIQ project’s future to realize its full potential. By the end of Q4 2021, the project plans to open more than 15 local trades around the ZIQ World. To further expand its global reach, ZIQ project collaborates with platforms like LBank Exchange to list its native token, which can significantly improve the liquidity of the ZIQ token.
The well-experienced project team has already established partnership with more than 20 national universities in Korea and more than 30 private business partners. It continues to strengthen its capabilities and expand its presence in East Asia such as Korea, Japan, and China by hiring development talents and jointly participating in R&D.
About ZIQWORLD
ZIQ was initially created to create a software or platform infrastructure in which users could use, utilize, and consume blockchain or cryptocurrency in practice. One of its platforms that is currently being developed is ZIQ World, which is a metaverse where users can trade virtual real estate based on 3D maps in real time.
About LBank
LBank is an ever growing global cryptocurrency trading platform which offers safe trading for users. It also provides professional and convenient crypto-asset exchange services, derivatives services, and asset management services. The platform has more than 6.4 million users in over 210 countries.
ZIQ Official Website: https://ziq.world/
LinkedIn: https://www.linkedin.com/company/ziq/
Website: https://www.lbank.info/
Twitter: https://twitter.com/LBank_Exchange
Facebook: https://www.facebook.com/LBank.info/
Telegram: https://t.me/LBank_en
YouTube: https://www.youtube.com/c/LBankExchange
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100782
Blockchain
Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
Global Supply Chain Finance Market
Blockchain
Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest
Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.
The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.
While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.
Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.
A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.
Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.
Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.
Source: cryptonews.com
The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.
Blockchain
ASIC cracks down on blockchain mining firms
Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.
According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.
The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.
ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.
In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.
While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.
Source: iclg.com
The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.
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