Blockchain
Odyssey Protocol: Cruising High on Thousands of Adoptions Within a Short Period of Time
Vancouver, British Columbia–(Newsfile Corp. – November 25, 2021) – At the time of writing this release, only eight hours have passed since the ODS token was launched. In these eight hours, there were 29,810 ODS token holders. That’s great news for the developers and the marketing team of the Odyssey Protocol. The Odyssey Protocol is a community focused, fair launched DeFi Token built on the Polygon Blockchain. The token holders can vote to decide their next reward coin every weekend, which is automatically sent to the holder’s account with every transaction done in the ODS network. Additionally, the ODS token holders will get 6% of their token value on every trade that occurs on the network. The rewards sent via ODS token will be received in the form of Polygon in the wallets.
Odyssey Protocol
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Gaming Inspired Decentralized Marketplace
The Odyssey Protocol running with symbol ODS and token address (0x5D1642F2Dc3997952F303EC3b6591d8B0d632497) is a gaming ecosystem that lets users earn ODS tokens and 6% Reflection. As ODS Token is the built on the leading Polygon blockchain, users can easily generate passive income and enjoy higher benefits. The platform integrates games, in-game assets, cryptocurrencies and lets players earn NFTs from their ODS holdings.
Users can also leverage the NFT marketplaces and GameFi to increase their engagement with Odyssey Protocol further and earn better rewards.
A Metaverse World in Crypto Space
Odyssey Protocol is an open world community where each player can have their unique attribute. They can choose appearance, build their territory, and convert their items like skills, weapons, and armor into NFT.
The users will also get an opportunity to get 10000 NFTs via airdrops from the platform. Make sure to follow them on Discord and social media to know the date for the NFT drops.
One of the best NFTs from the game will be Noble Four Legged Beast. This beast is found in the celestial plane of Zorian. Such amazing creatures and characters are present in the metaverse of Odyssey.
Introducing the ODS Token
In just a few hours of its launch, the ODS token has got a good response. The ODS token is an all Polygon native platform. Users can take part in multiple activities like voting and governance on the platform, with ODS token in their wallet.
Holders of the ODS token can earn passive income and get Reflection rewards from the 6% reward structure. Anyone can swap the ODS tokens for any native Crypto currencies that exist in the blockchain.
Reflection
6 % is reflected to all holders for passive income
LP Acquisition
4% is added to a liquidity pool
Burn
A burn wallet receives a portion of the reflections to never be seen again.
About Odyssey Protocol
Odyssey Protocol is a peer-to-peer ecosystem featuring smart budgeting, Game-Fi, NFT Marketplace, and integration of cross-chain platforms. As an open-world role-playing game, users can trade ODS tokens from within the game and exchange them for any cryptocurrencies. The ODS token is the main driving force inside and outside the game ecosystem. Holding the ODS token gives users authority to vote and lets them earn additional rewards and tokens. With the first batch of NFTs and giveaways expected to be announced soon, the users can look forward to several interactive systems.
This is the pre sale link – Here
Media Contact
Richmond Harish
Email – [email protected]
Website – https://www.odysseyprotocol.io/
PR – Cryptoshib.com
Email – [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105147
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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