Blockchain
The X.LA Metaverse Revealed In Detail
Cologne, Germany–(Newsfile Corp. – August 23, 2022) – X.LA Foundation executive Aleksey Savchenko has revealed details of the eagerly anticipated X.LA Metaverse. Before an expectant crowd at Gamescom in Cologne, Germany, Savchenko promised an immersive experience, delineating a vision backed by technology that will shape the way people interact well into the next century.
The X.LA Metaverse is built on the promise of a virtual world that mirrors the physical one but is easier to navigate and full of untethered potential. As a visionary in this space, Savchenko brings over 25 years of video game and software development experience and is a major proponent of the metaverse.
“It’s not a product – it’s a paradigm shift,” the X.LA Foundation executive told the Gamescom crowd.
The X.LA Metaverse will be defined by a spirit of altruism, collaboration, and productivity that stimulates content creation. Outlining the community-driven approach to sharing within the X.LA Metaverse, Savchenko illustrated how these key assets will drive continued and enthusiastic engagement. Within a fully 3D photorealistic environment, the opportunities for crafting engaging, interactive experiences will be limitless.
The X.LA Metaverse will place the power firmly in the hands of the creators, and with this creation comes full ownership. This is facilitated through such provisions as the X.LA Revenue Share Contract (RSC) that underpins the contributions made by each creator. It encourages collaboration, safe in the knowledge that creators are fairly rewarded for their output.
As Aleksey Savchenko explained, the Metaverse is a single click away. There are no downloads, no clients to find and manage, no updates to await: just a single button that propels you straight into your virtual world. At the Gamescom event in Cologne, Savchenko highlighted the teaser video Metaverse Is Us that demonstrates various pieces of the Metasites(™) that will make up the X.LA Metaverse.
Watch the Metaverse video here: https://youtu.be/8LtrxYv3H6s
About X.LA Metaverse
X.LA Metaverse helps creators ideate and build photorealistic 3D environments that users can experience in various metaverses. Developers, designers, and artists from all around the world can come together, contribute to metaverse digital environments in real-time, and ultimately receive a portion of the revenue these metaverses generate via the X.LA revenue-sharing smart contract.
About X.LA
X.LA is a decentralized protocol that allows content creators the ability to leverage their IP so that they can profitably participate in the metaverse economy by utilizing revenue-sharing smart contracts.
X.LA Foundation is a decentralized autonomous organization (DAO) that is changing how IP creators, owners, and holders generate and earn revenue. Learn more: https://x.la/.
Contacts
Team
- X.LA Foundation
- [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134596
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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