Blockchain
Web3 Inu Revolutionizes Businesses with an Innovative Metaverse System
London, United Kingdom–(Newsfile Corp. – January 19, 2022) – The Web3 Inu team is excited to announce the introduction of its Rent-To-Earn Gaming concept. Web3 incorporates a Rent-to-Earn token concept and is based on Web 3.0 technology, an innovation that allows it to interact on off-chain and on-chain layers.
The team’s goal is to offer users the benefits of the Web3 Inu metaverse where they can perform several business-related functions such as renting, selling, buying, and upgrading their real-world businesses.
Governance Token
$WEB3 token is the Web3 Inu metaverse’s governance token that is fully supported by the Binance Smart Chain for Phase 1. Nevertheless, the token is expected to launch on the Matic, Ethereum chain on Phase 3, otherwise known as the Cross-Chain Bridge.
Web3 Inu Features
The Web3 Inu games adopted the Rent-To-Earn gaming concept that is alien to the Blockchain-based gaming concept. Two major economies are behind it: off-chain and on-chain, which are merged.
NFTs
Non-Fungible Tokens (NFTs) are used in the game, available for on-chain users to rent and buy. In the game, buying a business is synonymous with minting an NFT.
Users can purchase businesses or NFTs which are:
- Ownership Certificates: These are minted NFTs on users’ requests that are, available for pre-selected users. The owners determine the NFTs’ usages in the Web3 Inu metaverse.
- Special and Iconic Location: This refers to pre-minted NFTs that are available for purchase. $WEB3 tokens are generated when these NFTs are purchased.
According to the project’s Whitepaper, “The offer of NFTs available is going to be controlled by WEB3 Central Bank, during periods of time called Seasons.”
At the end of each season, each player’s earnings will be decided according to the NFT tier they own. It should be noted that users are eligible for higher rewards if they rent their business or NFT to an off-chain player.
4 actions are currently available in the off-chain economy. These are:
- Buy
Buying businesses on the Web3 Inu metaverse is akin to minting NFTs, fully controlled by the WEB3 Central Bank.
- Rent
On-chain players have greater chances of earning higher yields by minting and renting their businesses to off-chain players. The team explained that the activity won’t harm the off-chain players’ actions or economy throughout the game.
The NFT owners set the renting conditions on smart contracts placed on a public board. They specify other metrics such as current/initial purchase payment, renting duration, and the income percentage for the lessor and renter in terms of cash or soft currency.
- Sell
Secondary marketplaces, such as the Web3 Inu Marketplace and Binance NFT Marketplace, are some marketplaces where uses can sell their NFTs. In-game auction is another selling channel they can leverage.
- Upgrade
The team offers new players a free branch for renting businesses based on their XP and investment capital. They are saddled with the responsibility of expanding and upgrading their businesses and get higher rewards for their efforts.
Each upgrade entitles them for higher rewards that include more tiers and branches. Furthermore, the team allows them to use gold or watch ads to facilitate the upgrading process.
Tokenomics
There are 100 trillion deflationary $WEB3 tokens, thanks to each transaction’s ability to burn 0.55% of the transaction volume. 55% of the burning occurs while listing the token on the legendary decentralized exchange, PancakeSwap.
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.
About Web3 Inu
Web3 Inu is based on the decentralized version of the popular World Wide Web, Web 3.0. The Web 3 Inu metaverse offers users Rent-to-Earning gaming, an innovative concept in the metaverse community.
Unlike the regular monster-killing games most people are accustomed to, the Web3 Inu game focuses on building and upgrading businesses that are similar to NFTs. The team has promised users that more enhancements will be added to the game in the future.
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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