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Verlux Is Building the Biggest Cross-Chain NFT Marketplace on Cardano Blockchain, Kicks off $VLX Token Sale

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Walsall, United Kingdom–(Newsfile Corp. – November 10, 2021) –

Figure 1: Verlux is Building The Biggest Cross-Chain NFT Marketplace on Cardano Blockchain, Kicks Off $VLX Token Sale

Verlux, like other NFT marketplaces such as OpenSea and Rarible will also allow users to mint, sell and buy NFTs on its platform.

Verlux Features

However, unlike other existing NFT platforms, Verlux will be building a Cross-Chain Swap protocol which will allow users to swap their NFTs on other Blockchains to Cardano blockchain to utilize its advantages of low transaction costs, speed and security.

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Its goal is to enable users, both buyers and sellers alike to be able to trade NFTs on its platform in the most secure and cost-effective manner possible.

Verlux is creating a marketplace that will disrupt the conventional NFT system, integrating a staking platform where users can farm special edition and 100% exclusive NFTs, this novel protocol is one of the features that is making Verlux stand out amongst other NFT marketplaces as it is one of the first projects on the Cardano network to do so.

Users will have a secure environment to buy and sell NFTs as with smart contracts fully functional will be able to perform transactions seamlessly ensuring both buyer and sellers are ensured of both digital assets and funds.

On the Verlux platform when launched, it will be possible to allow interaction between potential buyers and sellers.

Verlux is creating a decentralized digital goods ecosystem which will be powered our native token, $VLX.

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The $VLX Token

The Verlux platform will be powered by its Native Utility Token $VLX which is deployed on the Cardano Network.

#VLX has a total supply of 1 Billion. With their token, users will be able to pay minting, transactions fess and also transact on the Verlux Marketplace.

How To Join $VLX Token Sale

Initial investors who wish to acquire some $VLX tokens at the seed sale can visit the $VLX token sale page.

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The Seed Sale sale allocation is 25% (250,000,000) and will be made available for sale at a rate of 1 ADA for $VLX 555 tokens.

Guide On How To Join The Seed Sale for early birds.

Benefits of Holding $VLX tokens

$VLX holders will be able to make governance decisions on Verlux with the ability to propose, vote and decide on features, proposed improvements and how the Verlux Ecosystem should work.

Featured Listing And Advertisement Slots Will be Paid In $VLX Tokens.

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Verlux Future Plans

Verlux aims to be the main global NFT marketplace powering the NFT ecosystem as we are on a mission to bring the required innovations and solutions necessary to solve the limitations of the present day NFT ecosystem and improve its scalability as we believe we are still in the early stages of NFT development and its potentials are limitless.

Verlux will be providing a range of services which will make it stand out in the crypto space and make it the go-to marketplace of the global NFT enthusiasts such as Cross-Chain Swap, NFT Farming etc.

Our Project is gaining traction as our social media handles have been getting really filled up by the day, potential investors reaching out to us which shows the great support and trust we are receiving from the crypto and NFT community.

With constant innovation being our foundation, Verlux will consistently strive to deliver its powerful suite of services and more.

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Social Media Handles:

Twitter: https://twitter.com/VerluxNFT

Telegram: http://t.me/verluxNFT

Medium: https://verluxnft.medium.com

Instagram: https://instagram.com/verluxnft

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Gitbook: https://verlux.gitbook.io

Media Details

Company Name: Verlux

Contact Name: Mathias Grunther

Email: m.grunther@verlux.io

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Website: https://verlux.io

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102894

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.

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EAT & BEYOND ANNOUNCES PROPOSED NAME CHANGE AND UPDATED INVESTMENT POLICY

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Blocks & Headlines: Today in Blockchain – May 30, 2025 (Fraser Edwards, Kyiv NFT, Spirit Blockchain Capital, Indian eHealth, Hedera)

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Blockchain technology and cryptocurrencies continue to redefine industries—from competitive gaming and cultural heritage preservation to corporate finance, healthcare, and alternative tokens. Today’s briefing highlights five pivotal developments shaping the ecosystem: Fraser Edwards’s vision for trust in eSports; Ukraine’s wartime cultural preservation via NFTs; Spirit Blockchain Capital’s Q1 2025 operational report; India’s push for blockchain-enabled electronic health records (EHRs); and the rise of viral altcoins such as UniLabs, Sui, and Hedera Hashgraph. Together, these stories illustrate the themes of trust and identity, preservation and provenance, institutional maturation, public-sector innovation, and token diversification. In this op-ed–style round-up, we distill the essence of each story, cite sources, and offer analysis on how they advance Web3, DeFi, and NFT frontiers.


1. Rebuilding Trust in eSports: Can Blockchain Fix Competitive Integrity?

Source: CCN

Summary:
In a recent CCN interview, veteran trader and eSports investor Fraser Edwards argues that blockchain’s immutable ledgers can restore credibility in the rapidly commercializing world of competitive gaming. According to Edwards, match-fixing scandals and opaque prize-pool distributions have eroded fan confidence. By tokenizing tournament entries and payouts on public blockchains—complete with smart-contract–enforced escrow—organizers can guarantee that prize monies are distributed exactly as advertised, and that no post-match manipulation occurs. Tournament operators in Asia and North America are already piloting Ethereum-based payout dApps, aiming to increase transparency for players and sponsors alike.

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Key details & analysis:

  • Smart-contract escrow: Funds are held in a time-locked contract that releases prize money only upon verifiable match results. This prevents disputes over referee decisions or delayed payments.

  • On-chain reputation: Player and team reputations can be tokenized via non-fungible reputation badges that accrue based on fair play and community votes—discouraging cheating.

  • Scalability concerns: High-traffic tournaments may require Layer 2 rollups or alternative chains (e.g., Polygon, Immutable X) to reduce gas costs and latency.

Opinion: Blockchain’s dual promise of provable fairness and programmable finance makes it uniquely suited to eSports. Yet adoption hinges on UX: seamless wallet integrations, minimal transaction fees, and clear regulatory guidance on esports tokens.


2. When Art Meets Blockchain: Ukraine’s Wartime Cultural Preservation

Source: The Kyiv Independent

Summary:
As monuments crumble under artillery fire, Ukrainian curators and technologists are partnering to mint NFTs representing lost or endangered artifacts. The Kyiv Independent reports that the National Art Museum of Ukraine has launched “Project Phoenix,” tokenizing high-resolution 3D scans of sculptures, manuscripts, and paintings. Proceeds from initial sales fund restoration and digital archiving efforts. Each NFT embeds provenance metadata—including GPS coordinates, curator notes, and condition reports—ensuring that future generations can verify authenticity and context, even if the physical artifact is destroyed.

Key details & analysis:

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  • Metadat­a richness: Beyond simple ownership, NFTs store structured metadata—using ERC-721 metadata extensions—that capture curatorial insights and conservation logs.

  • Decentralized archives: IPFS and Arweave are employed to host ultra-high-resolution imagery, with on-chain hashes guaranteeing data integrity.

  • Community engagement: Fractional-NFT drops allow diaspora communities to collectively own tokens, strengthening cultural ties and crowdfunding preservation.

Opinion: Blockchain’s ability to immutable record heritage provides a lifeline for war-torn nations. However, ensuring that local institutions retain governance over metadata edits and future migrations is critical to avoiding “cultural colonialism” by global NFT marketplaces.


3. Spirit Blockchain Capital’s Q1 2025 Highlights: Growth, Investments, and Outlook

Source: GlobeNewswire

Summary:
Spirit Blockchain Capital’s Q1 2025 report benchmarks the firm’s operational milestones and financial performance. Assets under management (AUM) climbed 45% to $1.02 billion, driven by strategic allocations to top-tier Layer 1 and Layer 2 protocols, DeFi liquidity pools, and a newly launched token-index fund. Operating income rose 37%, fueled by management fees and performance incentives. The firm also closed its second blockchain-focused venture fund at $150 million, earmarked for early-stage Web3 projects in gaming, infrastructure, and decentralized identity.

Key details & analysis:

  • Diversification strategy: 60% of AUM in blue-chip cryptocurrencies (Bitcoin, Ethereum); 25% in DeFi (Aave, Uniswap, Lido); 15% in tokenized commodities and NFTs.

  • Fund performance: The flagship fund delivered a 9.8% return in Q1, outperforming the 6.2% benchmark set by the Bloomberg Galaxy Crypto Index.

  • Venture investments: Early stakes in zero-knowledge proof startups and decentralized storage platforms signal confidence in scalability and privacy innovations.

Opinion: Spirit’s robust growth and disciplined diversification mirror institutional maturation in the blockchain asset management space. As regulatory clarity improves, expect further inflows from endowments, pensions, and family offices.

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4. Blockchain EHRs in India: The Next Digital Health Revolution

Source: ORF

Summary:
The Observer Research Foundation (ORF) details India’s pioneering pilot of blockchain-backed electronic health records (EHRs) in the state of Andhra Pradesh. By leveraging a permissioned Hyperledger Fabric network, the initiative ensures that patient records—from vaccination histories to diagnostic imaging—are securely shared across hospitals, clinics, and pharmacies. Patients control access via digital identities anchored to India’s Aadhaar system, granting temporal permissions for data viewing and preventing unauthorized sharing.

Key details & analysis:

  • Interoperability: HL7 FHIR standards are mapped to on-chain transactions, enabling seamless data exchange with existing hospital information systems (HIS).

  • Privacy safeguards: Off-chain storage of PHI (Protected Health Information) is encrypted with patient-held keys; only hashed pointers reside on-chain to ensure immutability without exposing sensitive data.

  • Regulatory alignment: The pilot aligns with India’s draft Digital Health Act, which emphasizes data sovereignty and patient consent frameworks.

Opinion: Blockchain EHRs can democratize healthcare access in a populous nation—but success depends on user-friendly portals, robust identity verification, and contingency plans for network outages in rural areas.


5. The Hottest Viral Altcoins of 2025: UniLabs, Sui, and Hedera Lead the Pack

Source: TronWeekly

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Summary:
According to TronWeekly, the altcoin landscape in 2025 is dominated by three viral tokens: UniLabs (UNI-L), Sui (SUI), and Hedera Hashgraph (HBAR). UniLabs, a governance token for a decentralized laboratory network, saw a 1,200% year-to-date surge on news of its AI-driven drug-discovery partnership. Sui’s Move-based smart-contract platform gained traction for sub-second finality and low gas fees, with total value locked (TVL) surpassing $2 billion. Hedera’s HBAR continues its enterprise pivot, securing multi-year agreements with global brands for identity verification and supply-chain tracking.

Key details & analysis:

  • UniLabs use case: Token holders vote on research grants and share in royalty revenues from patented compounds developed on-chain.

  • Sui performance: With a novel object model and horizontal sharding, Sui supports over 3,000 TPS (transactions per second) without compromising on decentralization.

  • Hedera enterprise: The Governing Council—comprising Boeing, Google, and LG—bolsters confidence in HBAR’s governance model and paves the way for compliant enterprise deployments.

Opinion: These tokens exemplify the diversification of blockchain applications. Investors should assess not only market hype but also protocol fundamentals—developer activity, economic incentives, and real-world adoption.


Cross-Story Trends & Key Takeaways

  1. Trust & Transparency at the Core
    From esports prize-pool ledgers to wartime NFT archives and permissioned health records, blockchain’s immutability fosters verifiable trust—a prerequisite for mainstream adoption across sectors.

  2. Institutional & Public-Sector Innovation
    Spirit Blockchain Capital’s fund growth and India’s EHR pilot signal that both private and government entities view blockchain as a strategic infrastructure, not just speculative assets.

  3. Vertical Specialization Fuels Token Growth
    Viral altcoins like UniLabs, Sui, and Hedera thrive by addressing niche use-cases—governance in biotech, scalable DeFi rails, and enterprise identity—underscoring the importance of purpose-built protocols.

  4. Metadata & Provenance Drive NFTs Beyond Art
    Ukraine’s cultural NFTs demonstrate how rich on-chain metadata can preserve heritage, while esports applications show that reputation tokens can enforce fair-play credentials.

  5. Ecosystem Maturation Requires UX & Governance
    Across all stories, user experience—wallet onboarding, identity verification, metadata curation—and robust governance frameworks (tokenomics, regulatory alignment) emerge as decisive factors in blockchain’s next wave.


Conclusion

Today’s blockchain headlines reveal a maturing ecosystem where trust, transparency, and targeted innovation unlock new frontiers—from safeguarding digital heritage amid conflict to revolutionizing healthcare and sports. As institutional players allocate billions, and public-sector pilots chart regulatory pathways, the fate of tomorrow’s Web3 landscape hinges on seamless UX, rigorous governance, and demonstrable real-world utility. Stay tuned for tomorrow’s Blocks & Headlines, where we’ll continue tracking the trends, tokens, and technologies that define the blockchain revolution.

The post Blocks & Headlines: Today in Blockchain – May 30, 2025 (Fraser Edwards, Kyiv NFT, Spirit Blockchain Capital, Indian eHealth, Hedera) appeared first on News, Events, Advertising Options.

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Kyrgyz Republic to launch USDKG, a gold-backed stablecoin pegged to the U.S. Dollar, in Q3 2025

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