Blockchain
Bybit Joins MOBLAND Metaverse After $100 Million TVL in Launchpool Unveiling
Singapore, Singapore–(Newsfile Corp. – February 22, 2022) – MOBLAND, the first-ever Mafia themed metaverse previously known as SYN.CITY, announced a partnership and exchange listing with Bybit. Users can soon own a Bybit headquarters building as an NFT in the MOBLAND metaverse. The partnership was unveiled with the introduction of the MOBLAND launchpool on Bybit.
Launched on Feb. 18, MOBLAND’s launchpool attracted more than 30,000 participants and over $100 million in total value locked (TVL) within the first 12 hours of the pool going live. To further establish the partnership, Bybit will be joining the metaverse where it will conduct business with the creation of its own Bybit headquarters within MOBLAND. The Bybit headquarters will feature multiple businesses that will be owned by the community members who will be able to earn by participating within and utilising the services.
The Bybit business inside MOBLAND’s metaverse is a key differentiator within the industry, as the concept of the GameFi 2.0 metaverse is being brought to life by the two industry giants. The MOBLAND and Bybit partnership was confirmed shortly after Bybit signed a multi-year partnership deal with one of the leading Formula One teams, Oracle Red Bull Racing – at least a staggering $150 million over a three year period that showcases Bybit’s drive towards expansion and increasing adoption for other demographics.
“The partnership with MOBLAND marks Bybit’s latest foray into the metaverse – with a virtual headquarters to boot,” said Igneus Terrenus, Bybit’s head of communications. “Blockchain games have long suffered from the reputation of sacrificing the fun part for the ‘earn’ part. We are delighted to see MOBLAND’s response with their fun and engaging entry, as they seek to make an offer Godfather fans can’t refuse.”
Bybit will be MOBLAND’s first centralised exchange listing, adding to an impressive resume of accomplishments that include a $16.5M CopperLaunch raise from a record-breaking IGO on Binance with over $19M in trading volume, and a $8 million funding round led by Twitch co-founder Justin Kan and Goat Capital, with additional backing from A&T Capital, Hack VC, Animoca Brands and Spartan Group. These accomplishments come alongside significant growth in their community, which has grown to over 200,000 on Twitter, 130,000 on Telegram and 240,000 on Discord.
About MOBLAND
MOBLAND has introduced a first-of-its-kind governance system known as Mafia-as-a-DAO (MaaD). MaaD incentivizes players by allowing them to create syndicates or join existing syndicates, where each of the syndicate can create its own governance model which ties in to Mobland’s governance committee. MOBLAND was created by a team of experienced developers from leading companies such as Ubisoft, Disney, EA, Roblox, and Gameloft.
About Bybit
Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class. Bybit is a partner of Oracle Red Bull Racing, esports teams like NAVI, Alliance, Astralis and Virtus.pro; German soccer club Borussia Dortmund and Japanese soccer club Avispa Fukuoka.
For media inquiries, please contact: [email protected]
For more information please visit: https://www.bybit.com/
Press Contact
Devansh Khatri
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/114453
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Blockchain
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.
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.
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
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:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- 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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