Blockchain
Introducing Bitcoin City – The First Crypto City in Metaverse
Riga, Latvia–(Newsfile Corp. – April 8, 2022) – The Bitcoin City project is the metaverse’s first virtual city concept. Bitcoin city promotes healthy politics in a rather dynamic metaverse environment. With blockchain technology as the fuel behind the project, Bitcoin City is introduced as a realistic virtual reality metaverse-related project.
Bitcoin City
Bitcoin City in itself was inspired by El Salvador and its president Nayib Bukele. El Salvador became one of the first countries to make Bitcoin a legal tender, while Bukele revealed aspirations for a Bitcoin City. This city would be powered by the Conchagua Volcano in El Salvador, and its geothermal energy. With these ideas in mind, the founders of the Bitcoin City metaverse created a virtual reality with the same concept.
A volcano also powers the Bitcoin City metaverse, and lands within the Bitcoin City are more expensive the closer they are to that volcano.
The city in itself is administered by a mayor, bankers, and the police. As the terms suggest, the mayor is in charge of maintaining stability within the city; bankers make sure that the Bitcoin City metaverse has financial prosperity in terms of its economics; the police ensure that the Bitcoin City has a peaceful and well-behaving environment.
Just as in any other real-world city, the Bitcoin City people are required to vote for who gets to represent the city. Hence, there is an emphasis on democracy. Furthermore, no one is obliged to pay taxes within the Bitcoin City, promoting a capitalist environment. Lastly, everything within the Bitcoin City is powered by the $BCITY token, the first native token of this metaverse.
Tokenomics
There are 80 million $BCITY tokens in the total supply of Bitcoin City Coin. Currently, $BCITY has thousands of holders, indicating that the project is in it for the long run.
Future of Bitcoin City
$BCITY is audited, suggesting that the tokens are quite safe. Furthermore, the Bitcoin City community is increasing by the day so that Bitcoin City may become more prominent in the crypto market.
Some of the upcoming features of the Bitcoin City Metaverse include the game release in iOS and Android, CEX listings, staking, NFT minting, elections, farming, BCITY Wallet, and more lands.
Contact
Company Name: Bitcoin City Metaverse
BCITY Website: https://gobitcoin.city/
Discord: https://discord.gg/Xzr4gg5Qub
Telegram: https://t.me/bitcoinCityCoin
Twitter: https://twitter.com/bitcoinCityMeta
Instagram: https://www.instagram.com/gobitcoincity/
NFT: https://opensea.io/collection/bitcoincity-1
$BCITY Contract Address BSC: 0x81D60AD757634E77D7ac321A90530EB6F0B71fa3
Contact: Michael
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/119793
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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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