Blockchain
My Shiba Academia, the Ultimate Meta Social Project Arrives, Aims to Be the Next Shiba Inu
Grand Rapids, Michigan–(Newsfile Corp. – November 1, 2021) – My Shiba Academia Heroes, a collection of 25,000 playable NFTs in an upcoming MMO game on Ethereum. The collection drops in November 2021.
Figure 1: My Shiba Academia, the ultimate Meta social project arrives, aims to be the next Shiba Inu
The market for NFT-based games is rapidly emerging. Every day, new projects kick off and bring together two of the largest new-gen demographics, gamers, and NFT collectors. Above all, it provides a fun and easy initiation to the blockchain through engaging DeFi applications and flashy games.
About My Shiba Academia Heroes
My Shiba Academia (MSA) is a social cross-chain Massive Multiplayer Online (MMO) game that comes with a collection of 25,000 NFTs. These non-fungible tokens are unique “heroes” that users can redeem for their in-game performance. Furthermore, they can cosmeticize them and use them to engage with other players.
This GameFi project uses paid progression-based NFTs on the Ethereum blockchain. For instance, these heroes are available in 4 tiers of different levels of uniqueness. Furthermore, they are randomized to give all players equal opportunities.
However, players can mint their heroes to reach higher tiers. This means that users can add to their collection by improving their non-fungible heroes with items. Therefore, they have a good chance at increasing their uniqueness and, subsequently, their value.
The Gaming Element
My Shiba Academia aims to make NFT collecting more enjoyable by introducing a gaming element to it. With the mission to build a token-driven community and lead the GameFi movement to a new level.
Besides the MMO, the project promises a proprietary ecosystem expansion that will include several DeFi features. They are a hyper deflationary utility token, a decentralized exchange, governance tokens, DApps, and an in-game NFT minting service.
MSA Tokenomics
Fueling My Shiba Academia’s development and features is the $MSA Token. This digital coin will act as a bridge between the Ethereum and BSC blockchains. This way, both ERC-20 and BEP-20 token holders can purchase NFTs in MSA and play the game.
$MSA is a hyper deflationary token that the project maintains by buying it back from exchanges and burning it. This way, it reduces its supply and, in the long term, it increases its value. Alternatively, users will receive tokens through airdrops and after each in-game purchase they make.
DxSale as the LaunchPad
The project developers chose DxSale as the launchpad for the token’s launch on October 25, 2021. It set a maximum supply of 5 billion $MSA tokens. Also, these tokens are subject to a decentralized usage rewards mechanism that will revalue transactions with 5% slippage. Here’s how it will work:
- 5% will go to the holders’ decentralized wallets only for every active user transaction.
Through this mechanism, My Shiba Academia encourages users to play more and upgrade their NFTs more. Simply put, the more they play, the more rewards they gain.
Further distribution of the $MSA tokens include:
- 60% to Uniswap/PancakeSwap
- 10% to Team Tokens (5% to owner wallet, which will be locked for 6 months, 2% to Community and Events Leader, 2.5% to Media Relations Coordinator, and 0.5% to Moderation Team)
- 10% to Exchanges and Partnerships
Additionally, the project will burn 20% of the initial supply. At the time of writing, the $MSA smart contract has successfully passed a top-grade security audit from Solidproof. The German company will also provide MSA with KYC standards.
My Shiba Academia Ecosystem Features
The team behind My Shiba Academia Heroes has ambitious plans for the project’s future. With the devised an extensive roadmap with a versatile suite of features. Among them are:
Shiba Heroes NFTs
My Shiba Academia’s soon available heroes will have different rarity tiers and, therefore, values. The developers have envisioned 4 different levels:
- Student Heroes – 10,000 NFTs
- Trainee Heroes – 7,500 NFTs
- Heroes – 5,000 NFTs
- Pro-Heroes – 2,500 NFTs
Upon minting, all heroes will pass through a randomization process. Naturally, the fewer NFTs are in a tier, the more expensive they are. Nevertheless, all heroes will be unique and easy to customize through items, which are other NFTs in the game.
In terms of appearance, the MSA heroes resemble a combination of Japanese anime art, animals, and mythology. Among them are Shiba Inu, Akita Inu, Kishu Inu, Hokkaidu Inu, Jando Inu, and more.
Hero Swap/DeX
The HERO SWAP feature is a decentralized exchange (DEX), where users can swap any ERC20 or BEP20 token. Additionally, it will serve as a bridge for easy conversion of BSC $MSA tokens into ETH and vice-versa.
MSA will use Uniswap and PancakeSwap to create customized platforms. This way, users will be able to store their tokens there.
DApp Launch
My Shiba Academia plans to launch a decentralized application (DApp). This feature will enable users to stake MSA tokens against BNB, BUSD, ETH, USDC, and USDT.
While it also aims to deploy APYs that will compete with high-performance yield projects. As a result, token holders will have plenty of staking options at their disposal.
My Shiba Academia Features
- Hero Watch
Hero Watch is one innovative feature from My Shiba Academia. This wallet tracker will enable users to track several metrics, including:
- Their $MSA rewards
- Their wallet balance
- The amount of burned tokens
- Upcoming contests and their winners
- The interest they will be receiving from their $MSA stakes
Additionally, they will be able to calculate how much they will earn within a specific period. This way, they can adjust their staking terms for better profits.
- A Hero’s Cape
This feature will act as a merchandise e-commerce store. Here, users can purchase various clothing items and accessories with the game’s trademark components. Additionally, MSA will partner with multiple reputable urban brands to produce the highest quality apparel to the community.
This feature will be used to reinvest in the MSA platform. For instance, 25% of the sales will go towards further project development. An additional 5% will go towards community contests, and 10% will go towards marketing. Lastly, 10% will go to a charity of the community’s choice.
My Shiba Academia Heroes MMO
According to the My Shiba Academia Heroes whitepaper, MSA will be the first project to have a progression and regression system. This means that users can re-roll their NFT heroes, which can move up or down the tiers, increasing or decreasing their values, respectively.
The four tiers we mentioned above will reward heroes with different characteristics, including Attack, Defense, and Quirk. Also, they will have access to a broad range of in-game NFT items.
MSA has developed the visual representation of the game through a partnership with Stainless Games. The result should be an engaging animated universe where heroes will defend a city against AI villains.
Users will also be able to earn passive income by staking their heroes on the platform’s SWAP feature. This way, they can borrow NFTs but still play the game. This will be possible through a character clone that they receive for the duration of their staking.
In the second version of the game, users will also have access to a PVP gaming feature. This future release does not have a date yet.
Listed on Coin Gecko and Coin Market Cap
My Shiba Academia launch 5 days ago and they are now listed on Coin Market Cap and Coin Gecko.
Coin Gecko: https://www.coingecko.com/en/coins/my-shiba-academia
Coin Market Cap: https://coinmarketcap.com/currencies/my-shiba-academia/
How to Purchase $MSA
Social Media Handles:
Twitter: https://twitter.com/PlayShiba
Telegram: https://t.me/PlayShibaa
Medium: https://medium.com/@PlayShiba
Github: https://github.com/My-Shiba-Academia
Media Details
Company Name: My Shiba Academia
Contact Name: James N.
Email: [email protected]
Website: https://www.myshibaca.com/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101515
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.
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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