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/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110765
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
The post BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests appeared first on HIPTHER Alerts.
Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
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