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Ravendex Launches Exclusive Rave NFT Collection

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Dublin, Ireland–(Newsfile Corp. – January 22, 2022) – Banking on the euphoria of their

Figure 1: Ravendex Launches Exclusive Rave NFT Collection

The team chose Cardano to leverage the ecosystem’s unique Eutxo Model that offers low gas fees to enable users to mint NFTs on the Cardano Blockchain without burning a hole in their pockets, paying just 0.25 cents as a gas fee.

While highlighting the distinction between RAVE NFT and other NFTs, the team revealed that its token offers real utility within the ecosystem as it allows $RAVE NFT holders to stake their NFTs and earn rewards in $RAVE and also other project tokens who partner with Ravendex to distribute their tokens through $RAVE Liquidity mining, a passive earning opportunity exclusively reserved for its NFT holders.

As the NFT minting is currently ongoing, interested investors can seize the opportunity to mint and hold the NFT.

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How to Mint $RAVE NFTs

• Purchase ADA from Coinbase, Binance, or Kraken.
• Download a Cardano-compatible wallet such as Daedalus, Yoroi, and Nami Wallet and set it up after downloading.
• Transfer the purchased ADA to the downloaded wallet. Select Cardano Blockchain during the transfer.
• Visit Rave NFT minting portal.
• Click on “Feather Requirements” and send 50 ADA to the displayed address at the start of the minting process.
• Wait for confirmation of the transaction completion on the blockchain.

Once you complete the entire process without hitches and your transaction is confirmed, your pixilated $RAVE NFT will be deposited in your wallet.

Holding the RAVE NFT offers several opportunities that include:

• Staking your NFT and earning $RAVE as a reward.
• Listing and selling your asset on a couple of secondary markets to earn royalties on sales.
• Staking the $RAVE NFT and endorsing a project launch through Ravendex’s IDO.

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About Ravendex

Ravendex operates on the Cardano Blockchain as a non-custodial decentralized exchange using the AMM protocol. The protocol comes in handy for the Cardano Ecosystem as it uses it to facilitate asset trading at a price their provided liquidity sets. More so, Ravendex removes the challenges in assets and liquidity transfers between native Cardano tokens and ADA.

The $RAVE utility token, with a Market Capitalisation of over 5 Million Dollars according to Coinmarketcap is tradable on BitMart where users can trade a wide range of commodities such as ETH, BTC, and USDT, among others.

Over $1 million worth of trade volume is recorded daily as the token becomes the favourite of an increasing number of cryptocurrency investors and lovers.

Besides being the utility token that powers the Ravendex ecosystem and can be used for yield farming, staking, governance, and a host of others.

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Github: https://github.com/Ravendexlabs
Telegram: https://t.me/RaversNests
Twitter: https://twitter.com/ravendexlabs

Contact Channels:

Company Name: Ravendex Labs
Contact Name: Ravenslabs
Email: [email protected]
Website: https://ravendex.io

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111218

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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

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

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Blockchain

Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws

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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)

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blocks-&-headlines:-today-in-blockchain-(blackrock,-plume,-sealsq,-hedera,-deutsche-bank,-kucoin)

 

Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:

BlackRock ETF Embraces Blockchain with First Muni Bond Purchase

BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.

By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.

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Source: Yahoo Finance

Plume Secures Funding for Tokenization Platform

Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.

Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.

Source: Fortune

SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips

SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.

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As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.

Source: The Quantum Insider

Deutsche Bank’s Public, Permissioned Blockchain Initiative

Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.

The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.

Source: CoinDesk

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KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands

Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.

By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.

Source: PR Newswire

Industry Implications and Key Takeaways

Today’s developments highlight the transformative potential of blockchain across multiple domains:

  1. Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
  2. Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
  3. Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
  4. Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
  5. Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.

The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.

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