Blockchain
Web3 Inu Introduces System to Rent, Buy, Sell and Upgrade Businesses in an Innovative MetaVerse
London, England–(Newsfile Corp. – January 12, 2022) –
Figure 1: Web3 Inu Introduces System To Rent, Buy, Sell and Upgrade Businesses In An Innovative MetaVerse
Web3 Inu Features
The Web3 Inu game follows a different approach to blockchain-based gaming via the Rent-to-Earn concept of gaming. There are two economies; on-chain and off-chain economies, which are eventually merged with each other.
NFTs
The game involves the usage of NFTs, which the on-chain users can buy and rent. Buying a business is equivalent to minting an NFT in the game. There are two kinds of NFTs or businesses that users can buy:
- Special and iconic locations are those kinds of NFTs that are pre-minted and available for purchase. Purchasing these NFTs generates $WEB3 tokens.
- Ownership certificates are those NFTs that are minted on the request from users, and only selected users can own them. These owners are the ones to decide how these NFTs can be used in the Web3 Inu metaverse.
“The offer of NFTs available is going to be controlled by WEB3 Central Bank, during periods of time called Seasons,” added the whitepaper.
The player’s earnings will be decided by the tier of the NFT they own at the end of a season. However, it is also to be noted that if players have rented the NFT (Business) to an off-chain player, they will be eligible for higher rewards.
Currently, the off-chain Economy consists of four actions: buy, sell, rent, and upgrade.
Buy
Buying of Businesses is the same as minting NFTs, which the WEB3 Central Bank will control, as explained above.
Sell
Players can sell any number of NFTs via in-game auction or via secondary marketplace like Binance NFT marketplace or the Web3 Inu marketplace.
Rent
The on-chain players can mint and rent their businesses to the off-chain players, which will help them earn higher yields.
“This activity will not impair the Off-chain players’ economy or their actions throughout the game,” confirms the Web3 Inu team.
The renting conditions are all set by the NFT owners via smart contracts on a public board. Owners can select the duration of the renting period, the initial/current purchase payment, and finally, the percentages of incomes for the renter and the lessor in terms of soft currency/cash.
Upgrade
When players enter the game, they will be given a Branch for free through which they can rent Businesses based on the amount of money and XP users have. Their task is to expand and upgrade their Business to more Branches to achieve higher rewards.
With every upgrade, players will be eligible for higher rewards and will get access to an increased number of Branches and tiers. Furthermore, they can also speed up the upgrade process by watching ads or using gold.
Tokenomics
There are 100 trillion $WEB3 tokens that are deflationary in nature as each transaction burns an additional 0.55% of the transaction volume. 55% of the supply burn took place while listing on PancakeSwap, a Decentralized Exchange.
The Concept
The Web3 Inu project introduces its users to the concept of Rent-to-Earn gaming, where users can rent their NFTs (Businesses) and generate revenue. The game is expected to be released sometime in February-March 2022 but might come earlier.
Web3 Inu is also gunning for a listing on GateIO, Kucoin, Hotbit, MEXC Global, Huobi, Binance, OKex, Bybit, and FTX in the next 6 months.
Audit: https://raw.githubusercontent.com/solidproof/smart-contract-audits/main/SmartContract_Audit_Solidproof_Web3Inu.pdf
CoinMarketCap: https://coinmarketcap.com/currencies/web3-inu/
CoinGecko: https://www.coingecko.com/en/coins/web3-inu
BSCScan: https://bscscan.com/token/0xd0c4bc1b89bbd105eecb7eba3f13e7648c0de38f
Liquidity Lock: https://app.unicrypt.network/amm/pancake-v2/pair/0x387795afeac4d5d8b4ff6003d3d2a874340f7652
Twitter: https://twitter.com/web3_inu
Telegram: https://t.me/web3_inu
Medium: https://medium.com/@web3_inu
Github: https://github.com/web3inu
Media Details
Company Name: Web3 Inu
Contact Name: Oliver
Email: [email protected]
Website: https://web3inu.org/
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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