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PolkaCity Is All Set to Take Metaverse to the Next Level Through the DeFi Featured NFTs

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Miami, Florida–(Newsfile Corp. – November 7, 2021) – PolkaCity is taking Metaverse next level on BSC and Ethereum chains. PolkaCity is a platform that carries virtual activities with credible asset value and identity authentication, which replicates the underlying logic of the real world. Its essence is a platform that carries all virtual activities. Users can conduct social, entertainment, creation, display, education, trading and other activities, which will have a subtle impact and change on the user’s production and lifestyle.

The meta universe has the following main points:

  1. Have credible asset value;
  2. Can perform identity authentication;
  3. It is a reproduction of all production and lifestyles in the physical world in the virtual world.

Problem:

In the traditional meta-universe world, it undoubtedly refers to the centralized meta-universe with large institutions or companies as the central organization. If the meta universe is controlled by a certain enterprise or organization, it may be a disaster, because such a central organization will become the god of that universe. And there is no doubt that this is not a benefit to users. Any centralized organization that can control the world is dangerous, perhaps the decentralized meta-universe such as PolkaCity is the main theme of future development.

The decentralized meta-universe is mainly built around digital assets dominated by NFT. NFT gives the meta-universe credible asset value and identity verification without the need for third-party intermediaries, which perfectly satisfies the first two elements of the meta-universe i.e., Blockchain & Game. NFT transparently and fairly protects users’ asset rights, and this is the cornerstone of the decentralized meta-universe.

PolkaCity will release its game (a virtual city, metaverse) in December. They already released a hıgh quality game demo. Investors will be able to use their NFTs such as Lambo, Bugatti, Hotel, Gas station in their virtual city. Here is an image from their upcoming game:

Figure 1: PolkaCity is all set to take Metaverse to the next level through the DeFi featured NFTs

PolkaCity NFT Marketplace

The PolkaCity NFT marketplace is an investment hub for the smart investors. The team at PolkaCity uses the power of Metaverse, DeFi, and NFT to incentivize the virtual city so that private investors can invest their capital and make passive income from different assets such as hotels, discotheques, taxi services, hotdog stands, as well as car washes.

With the coming onboard of the NFT ecosystem, investors and indeed every member of the community have a cause to smile, as their investing capital will work for them.

About PolkaCity

PolkaCity is the world’s first 3D & AR NFT multi-chain platform and metaverse. The project is based on the cumulative power of metaverse, decentralized finance, and non-fungible tokens to craft a virtual city where a smart investors can plunge in their resources and earn a decent return on investment. PolkaCity has an overwhelming support from the VR community, including virtual and augmented reality gamers.

The intention of setting up the virtual city is to enable investors to invest and earn from their efforts without passing through unnecessary processes. Smart investors have the opportunity to invest in assets like gas stations, taxi services, luxury hotels and suites, and essential services. Through the combined power of DeFi, NFT, and Polkadot, the team at PolkaCity has successfully revolutionized the gamified and virtual reality ecosystems.

PolkaCity parades a team to reckon with. The credentials and track records of the team are second to none as far as the gamified market is concerned. Led by Carmelo Milian, members of the PolkaCity team have more than 10 years related experiences working and supporting different Fintech products.

Twitter: https://twitter.com/PolkaCity
Telegram: https://t.me/Polkacity
Discord: https://discord.gg/qNjGnsD3e4

Media contact

Company: Polka City
Contact Name: Carmelo Milian
E-mail: [email protected]
Website: https://www.polkacity.io

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102364

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics

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Phoenix Group PLC, the GCC region’s first listed blockchain and tech conglomerate, is thrilled to announce its strategic partnership with BHM Capital, a leading liquidity provider. This partnership will boost liquidity for Phoenix shares on the Abu Dhabi Securities Exchange (ADX), thereby enhancing trading volumes and bolstering investor trust.
Phoenix Group’s partnership with BHM Capital which serves as liquidity provider to Phoenix Group’s shares (PHX) reinforces its commitment to optimizing share trading on the ADX. This strategic alliance not only aims to increase trading volumes and stabilize prices but also enhances investor value.
As a liquidity provider, BHM Capital plays a crucial dual role, strengthening market stability and improving the order book. The commitment to providing liquidity for Phoenix Group’s shares is designed to ensure more consistent pricing and increase overall trading liquidity on the ADX, making transactions smoother across various price levels.
Seyed Mohammad Alizadehfard, Co-Founder and Group CEO of Phoenix Group, commented: “Our partnership with BHM Capital represents a crucial step in strengthening the liquidity and stability of our shares on the ADX. It does not only enhance our market position but also provides our investors with more robust trading options. We are fully committed to leveraging this collaboration to deliver substantial value to our shareholders.”
Abdel Hadi Al Sa’di, the CEO of BHM Capital, stated: “This move will enhance the company’s position in the Abu Dhabi Securities Exchange, stabilize the price movements of its traded shares, and enable investors to diversify their investment portfolios, taking advantage of opportunities in financial markets.”
Phoenix Group expects that the partnership with BHM Capital will significantly drive up trading activity and elevate demand for its shares on the ADX, fostering a more vibrant market presence. With a specific focus on boosting trading volume and the value of PHX shares, Phoenix Group is confident that this engagement will have a positive impact on the company’s performance in the coming months.

The post Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics appeared first on HIPTHER Alerts.

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Blockchain

Alpha Transform Holdings Releases March Report on ASC AI Index

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Blockchain

Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins

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In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.

Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.

Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.

Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.

Source: blockchain.news

The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.

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