Connect with us
European Gaming Congress 2024

Blockchain

AvatarArt: Bringing Order to the Chaotic World of NFT

Published

on

Hanoi, Vietnam–(Newsfile Corp. – November 23, 2021) – AvatarArt helps to bring order to the chaotic world of NFT. “The task of art today is to bring chaos into order” – Theodor W. Adorno. Be that as it may, NFT remains confusing to the artists community. There must be an answer to whether or not a million worth NFT does have a true value. 

An Omni NFT Marketplace

AvatarArt, the chosen spearhead project on ByteNext ecosystem, aims to lead “real” NFTs into the Metaverse. They pick a different approach to bridge Technology & Art by collaborating with CHỌN de l’art, a contemporary art Auction house that applies strict curation process approved by world class auction giants like Soltheby’s or Christie’s. This is where NFTs listed on AvatarArt can assure their long-term return as the next Mona Lisa or Starry Night.

AvatarArt offers a seamless experience for creators & collectors to monetize graphics and physical arts, at ease. Besides helping artists mint their physical artworks into NFTs, AvatarArt is fully supported by featureful ByteNext systems, ranging from Launchpad, DEX, VR Exhibition to Yield Guild. It also offers the function of fractionalizing valuable NFTs and listing them on the order book exchange for real-time transactions. Now the high barrier of expensive initial investment to collect artworks is eliminated, allowing more individuals to co-own one valuable piece they all love and help diversifying personal portfolios.

A dreamland for Metaverse citizens

Advertisement
Stake.com

According to Chainalysis, global crypto adoption rose some 881% in the past 12 months. Vietnam topped the world in terms of high crypto adoption rate, followed by India, Pakistan, and Ukraine.

Pic1: Global cryptocurrency adoption among ranking

Besides Defi, Vietnam’s NFT market has become more exciting, especially after the blooming success of Axie Infinity – the P2E NFT Game. Blockchain games are also the most bullish NFTs in the latest report in the area.


Pic 3: AvatarArt: Bring order to the chaotic world of NFT

Pic 4: AvatarArt: Bring order to the chaotic world of NFT

Advertisement
Stake.com

The painting “Portrait of Madam Phuong” by artist Mai Trung Thu (1906 – 1980) was sold by Hong Kong Sotheby’s auction house on April 18, reaching the price of $24,375,000.

After years of outsourcing international projects, Vietnam’s resources of software engineers and artists have high potential in innovative collaborations, fueling the NFT art market there. As DeFi keeps on building the future financial track, NFT will periodically enter the social zeitgeist, authoritatively turning into the key identification to make the Metaverse Economy a reality. In 10 years, Vietnam is expected to catch up with world class Blockchain developers and even surpass many major players.

The Innovation of Blockchain technology has transformed the world of art, offering a new monetizing mechanism that allows contemporary arts to enter mainstream. AvatarArt steps in to remove the geographical limit and grant accessibility to the art market, granting greenlight and profit for all. Not only digital assets, now physical paintings can be minted into NFTs. This is a breakthrough solution that brings illiquid art back into the hands of collectors from all over the world and also serves the utmost goal of NFTs – protecting artists & creators in the digital economy.

The soft launch of AvatarArt is scheduled to be in Q4 2021, long awaited among NFT fans & supporters.

Media Contact
ByteNext.io
[email protected]

Advertisement
Stake.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104812

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

FreeBnk debuts the ‘Zillow’ of tokenized Real-World Assets

Published

on

freebnk-debuts-the-‘zillow’-of-tokenized-real-world-assets

FreeBnk, the fintech platform offering affordable financial services for crypto investors, launches its tokenized RWA (real-world asset) platform to enable its clients to invest in real estate through fractionalized ownership. Through FreeBnk’s app, clients can effortlessly purchase shares of the first property located in Dubai, democratizing real estate investing by eliminating traditional barriers such as complex paperwork, similar to the seamless experience of browsing and investing on Zillow. Investors of FreeBnk’s tokenized RWAs will receive a 15 percent annual return and a 9 percent rental return from their investment.

Tokenized RWAs have exploded in demand within the digital asset ecosystem, drawing interest from both crypto investors and traditional financial institutions. This sector has become one of the largest in DeFi, with DEX volume experiencing substantial growth from $2.3 billion in December 2024 to $3.6 billion by April 2024. Amidst the escalating global cost of living, tokenized RWAs emerge as an alternative and more accessible investment option offering potentially higher returns, democratizing access to market-proof assets. However, the UI and UX continue to be complex and unfriendly for users unfamiliar with these platforms.

With the launch of its new platform, FreeBnk simplifies wealth-building opportunities by offering ownership shares in properties for potentially generating passive income. Now live within its native mobile app, the decentralized application (dApp) removes the complexities of property ownership, enabling investors to readily enter the tokenized RWA sector. The process involves three straightforward steps:

Search properties: Through the FreeBnk app, users will be able to explore properties, filtering by type, ROI, and yield—allowing investors to align their property investments precisely with their financial objectives.
Buy shares: Users will be able to select their desired property and invest any amount in a few, simple steps. FreeBnk helps to bypass traditional real estate processes and manages all aspects of property ownership using smart contracts.
Earn rental income: FreeBnk automatically assigns a property portfolio to its customers, taking care of all real estate management responsibilities. This service includes collecting and depositing rental income directly into the client’s accounts.
Clients ready to capitalize on property appreciation can conveniently sell their shares at any time through FreeBnk’s secondary market. FreeBnk is committed to offering top-quality real estate, already investing over 250,000 AED into its first property. As a hub for innovation and growth, Dubai sets the stage for global expansion with its growing real estate market and investor-friendly environment.

“As we look ahead, we see the potential of tokenized RWAs and the positive ways in which they can revolutionize the real estate market through fractional ownership,” says Yunus Emre Ozkaya, CEO of FreeBnk. “By tokenizing properties, our goal is to empower investors across the globe, showcasing the unique benefits of tokenized RWAs and offering new avenues for investment. Real estate, known for its relative stability, provides a passive income opportunity amidst global economic fluctuations. We aim to cater not only to crypto enthusiasts but also to newcomers seeking alternative investment options.”

Advertisement
Stake.com

The post FreeBnk debuts the ‘Zillow’ of tokenized Real-World Assets appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

DeFi Technologies Expands BTC Treasury Holdings and Diversifies into Solana, CORE and CORE DAO Staking

Published

on

defi-technologies-expands-btc-treasury-holdings-and-diversifies-into-solana,-core-and-core-dao-staking

 

DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi“), is pleased to announce the expansion of its digital asset treasury strategy. The Company has purchased an additional 94.34 BTC, bringing its total BTC holdings to 204.34 BTC. Additionally, the Company  has acquired 12,775 SOL tokens and 1,484,148 CORE tokens, with plans to actively participate in CORE DAO’s staking facility.

Expanded Bitcoin Holdings

Following the Company’s initial acquisition of 110 BTC in June 2024, the Company has continued to bolster its confidence in BTC as a primary treasury reserve asset. The additional purchase of 94.34 BTC, for a total of 204.34 BTC reaffirms the Company’s commitment to this leading digital asset, recognizing its unique characteristics as a scarce and finite asset, and its potential as a hedge against inflation and a safeguard against monetary debasement.

Advertisement
Stake.com

Addition of Solana (SOL) to Treasury

In a strategic move to diversify the Company’s treasury, the Company has acquired 12,775 SOL tokens. SOL stands out with its high-performance, permissionless blockchain, capable of processing up to 65,000 transactions per second, thanks to its unique Proof of History and Proof of Stake combination. This scalability and efficiency surpass many of its peers.

SOL’s low transaction fees and rapid processing times lower barriers for developers, fostering a strong user base and impressive fee generation. The platform’s trading volume has reached US$393.71 billion, indicating robust market activity and user engagement. The liquidity Total Value Locked (“TVL“) stands at US$865.97 million, reflecting substantial assets held in liquidity pools, which support trading activities. Since its inception, SOL’s decentralized finance landscape has attracted 24,591,311 traders and executed 1,847,335,349 swaps, highlighting its high transactional activity and efficiency.

Overall, SOL’s technical strengths, significant market activity, and ongoing enhancements position it as a promising investment, offering a scalable and efficient platform for a wide range of decentralized applications.

Addition of CORE To Treasury and Participation in CORE DAO’s Staking

Advertisement
Stake.com

The Company is also pleased to announce that it has purchased 1,484,148 CORE tokens and intends to participate in CORE’s staking facility. CORE’s innovative staking solution enables holders to stake BTC non-custodially enhancing yield opportunities and contributing to network security and stability. The Company’s participation in this staking facility not only diversifies its income streams but also strengthens its collaborative relationship with CORE Foundation and involvement in the broader DeFi ecosystem. CORE is proving to be a leading BTC scaling chain with over 55% of BTC hash rate participation,US$138.5M in TVL, and 5,000+ BTC staked (~US$320M).

“We are thrilled to announce these significant advancements in our digital asset treasury strategy,” said Olivier Roussy Newton, CEO of DeFi Technologies. “Our increased BTC holdings, strategic investment in SOL, CORE and participation in CORE’s staking facility reflect our commitment to leveraging the most promising opportunities in the decentralized finance landscape. These actions not only diversify our balance sheet but also align with our mission to bridge traditional capital markets with the innovative world of DeFi.”

The post DeFi Technologies Expands BTC Treasury Holdings and Diversifies into Solana, CORE and CORE DAO Staking appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

Crypto Price Predictions: Comprehensive BlockchainReporter Platform Helps Cryptocurrency Investors Stay Ahead Of Market Volatility

Published

on

Continue Reading
Advertisement
Stake.com
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE