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Brazil’s Token Wibx Emerges as a Reward Utility Token

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Summary: Wiboo is an emerging company whose mission has been to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers, using Wibx token, as an intercession link between brands and customers.

Sao Jose dos Campos, Sao Paulo–(Newsfile Corp. – February 4, 2023) – In the latest development of utility tokens, Brazils’ token wibx emerges as a reward utility token. The token already supports a user base of more than half a million people. The company aims to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers.

The concept of “nano-influencer” was born, which today is one of the central themes of web 3.0, in addition to the production, exhibition, and management decentralization of online content.

As soon as the company understood the great possible impact of nano-influencers in an increasingly decentralized market, it created a platform in which any person can accumulate tokens only from sharing sponsored content and developing traffic, registrations, and even sales for big companies around the country. This business model was responsible for establishing Wibx as a highly relevant project, especially in a country where more than 60 million people live with less than 100 dollars per month.

In addition, the nano-influencer platform has several applications in different markets, opening a range of possibilities for introducing Wibx tokens in the game, music, and immersive technology industries. As, for instance, their new project, a virtual shopping mall in a fully interactive and functional metaverse environment in which platform’s customers will be able to use their tokens to purchase products from great companies around the world.

In a country where more than 50 million people are unbanked, offering an application that facilitates revenue generation and allows purchases and payments without the need for a bank or card issuer as intermediaries had extreme importance for the currency’s success and adoption. And, because of that, in 2020, the company focused most of its efforts on the integration of the token technology directly into ERP systems, being the first company in the crypto market to achieve this feat and, in the following year, establishing Wibx as the most accepted token in Brazil, today integrated into supermarket chains and extremely relevant stores in the city of Brazil. The company also presented results for companies and brands, by reducing the cost of marketing metrics, such as Customer acquisition cost (CAC), and Traffic costs in branded content sharing.

Wibx token was first listed in 2020 on the country’s large crypto exchange, Mercado Bitcoin. Two years later, the company ended 2022 with over $340 million traded on the token.

After its first listing, Wibx has remained at the top of the list of most traded tokens in Brazil. The company understands that, despite the relevance of the Brazilian crypto market, the project’s expansion is significant for the company and the token.

Furthermore, the company is preparing to internationalize the Wibx platform in 2023, starting with other countries in South America, like Argentina and Colombia, and then expanding to Europe and North America.

As a result of this initial go to market, the company presented results not only for its users, but also for more than 100 companies, enabling an average reduction of 40% in CAC and 600% in traffic costs and branded content sharing .

About Wibx:

Wibx is a reward utility token launched in 2019 by Wiboo Company, founded by a team of Brazilians in 2015 . The company’s mission has been to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers.

Another equally ambitious project takes place with Wibx in the recording industry through a Whitelabel platform for record labels, where artists offer exclusive rewards and experiences to their fans in exchange for engagement. Finally, within the games, metaverse and e-sports market, Wibx has not only developed its applications but also strengthened its relationships with big companies in the market and great e-sports teams, aiming to convert the token into a highly relevant currency in the game sector, and also in the metaverse, with its virtual mall and other ongoing projects.

Wibx

Contact: [email protected]

Name: Vagner Sobrinho

https://wibx.io

Vagner Sobrinho – Wibx Co-Founder

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/153693

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

Virtualness want to be the Canva of Blockchain:Kirthiga Reddy

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Virtualness is positioning itself as the Canva of the blockchain world, according to Kirthiga Reddy. Reddy, the former Managing Director of Facebook India, is now the CEO of Virtualness. She believes that the platform can empower users to create content and communities in the virtual space, similar to Canva’s success in the design world.

Virtualness aims to provide tools and resources that simplify the process of creating and managing virtual communities. Reddy envisions the platform as a one-stop destination for individuals and businesses looking to leverage the power of blockchain technology for community building.

The platform offers a range of features, including customizable templates, social media integration, and analytics tools, designed to streamline the creation and management of virtual communities. Reddy highlights the platform’s user-friendly interface and intuitive design as key factors in its appeal to users.

Virtualness is tapping into the growing demand for virtual experiences and communities, driven by the shift towards remote work and digital interaction. Reddy sees immense potential in the platform’s ability to democratize access to blockchain technology and empower users to create meaningful connections in the virtual world.

With Virtualness, Reddy aims to democratize access to blockchain technology and empower users to create meaningful connections in the virtual world. She believes that the platform has the potential to revolutionize the way people interact and collaborate online, much like Canva has transformed the design industry.

Virtualness has already garnered attention from investors and industry experts, positioning itself as a promising player in the burgeoning virtual community space. Reddy’s vision for the platform reflects her deep understanding of the digital landscape and her commitment to driving innovation in the blockchain industry.

Overall, Virtualness is poised to make a significant impact in the virtual community space, offering users a powerful tool to create, manage, and monetize their virtual experiences. With Reddy at the helm, the platform is well-positioned to become the go-to destination for virtual community building, much like Canva has become synonymous with design excellence.

Source: exchange4media.com

The post Virtualness want to be the Canva of Blockchain:Kirthiga Reddy appeared first on HIPTHER Alerts.

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Blockchain

Sei Foundation proposes a version 2 network upgrade to bring EVM compatibility

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Sei Foundation, the overseeing entity of the Sei blockchain operating at Layer 1, has taken a significant stride towards version 2 of its network, as revealed in an announcement made on Monday. Spearheaded by Sei Labs, this upgrade aims to elevate the blockchain’s performance by introducing a high-performance instance of parallelized Ethereum Virtual Machine (EVM).

Following the necessary approval of the governance proposal, the network upgrade is scheduled to take place one week later. This swift timeline underscores the Sei team’s dedication to continually enhancing the efficiency of their network.

The introduction of Sei’s parallelized EVM marks a notable technological advancement in the company’s operations. This innovation enables Ethereum-based contracts to be seamlessly deployed on the Sei platform, resulting in near-instantaneous execution. Such a feature drastically reduces transaction validation times, significantly elevating existing efficiency and effectiveness standards.

Version 2 of Sei’s blockchain, slated for release, will support Ethereum and parallel execution, akin to other high-performance blockchains like Solana. This development further solidifies Sei’s standing as a formidable player in the industry. The upcoming Sei v2 update will also compete with other parallelized EVMs, including popular ones like Monad and Neon, in the fiercely competitive blockchain landscape.

Sei Labs has already indicated that the current upgrade is poised to attract significant interest, given the applications available on Ethereum. Notable investors and partners such as Uniswap, Frax, X2Y2, Bancor, Balancer, Rarible, Layer Zero, Nansen, and The Graph are currently in discussions with Sei to access v2. The anticipated adoption of Sei v2 is a significant testament to the platform’s potential to emerge as a leading hub for blockchain collaboration.

Since its beta launch on the mainnet within Cosmos in August 2023, Sei has primarily focused on applications developed with Rust that run on Cosmos. However, with the introduction of Sei v2, the team intends to expand its reach by engaging both new and existing users and optimizing network compatibility. This strategic pivot aims to foster inclusivity and adaptability for development.

Having secured substantial funding in April 2023, Sei Labs is now prioritizing the transition to Sei v2. The successful funding round, which raised $30 million across two rounds from investors such as Jump and Multicoin Capital, underscores Sei Labs’ commitment to supporting the Sei blockchain ecosystem financially and technologically.

The recent developments at Sei exemplify a strategic direction aimed at enhancing the blockchain’s efficiency and competitiveness. By embracing cutting-edge technological innovations and bolstering support for Ethereum-based applications, Sei positions itself as a potential catalyst for its services and a significant player in the blockchain industry. Investors and the broader tech community are closely observing how this substantial change could shape the future of blockchain.

Source: cryptonewsz.com

The post Sei Foundation proposes a version 2 network upgrade to bring EVM compatibility appeared first on HIPTHER Alerts.

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Blockchain

Brazil Central Bank Crafting Crypto Regulation Plan, Expected by Year’s End

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Brazil’s central bank has revealed a multi-phase strategy to regulate cryptocurrency and virtual asset service providers, intending to finalize the regulatory framework by the year’s end.

These regulations will establish guidelines to ensure and enforce increased transparency regarding the potential benefits and risks associated with these investments, the bank stated. It opted for a phased approach to effectively oversee Brazil’s cryptocurrency service market.

“The contributions received will be utilized as we proceed, and the regulatory proposals are slated for completion by the end of 2024,” the bank added.

Reuters reported that the central bank’s recent decision delays the finalization of the process, following a 2022 law granting the bank authority to formulate these regulations.

During a congressional hearing in the previous year, Otavio Damaso, the central bank’s director of regulation, anticipated completing the crypto regulations by June 2024.

In December 2023, the bank conducted a public consultation on the matter, concluding in January. Subsequently, it announced a new public consultation scheduled for the latter half of this year.

The central bank informed Reuters that the initial consultation aimed to gather feedback from the public on the proposed regulations, also addressing aspects not covered by the 2022 law, such as the segregation of assets by virtual asset service providers. To this end, the first public consultation necessitated “considerable dedication from the involved teams.”

Additionally, the bank is progressing with the regulation of stablecoins, especially those utilized for payments and foreign exchange.

Brazil Restricts Crypto Contributions in Elections
In an effort to curtail cryptocurrencies’ role in campaign finance, Brazilian authorities recently enforced a ban on crypto donations to political parties and candidates.

The electoral court defended this ban, underscoring the importance of transparency and traceability in campaign financing. It reiterated its commitment to safeguarding elections “against irregular or illicit practices.”

Source: cryptonews.com

The post Brazil Central Bank Crafting Crypto Regulation Plan, Expected by Year’s End appeared first on HIPTHER Alerts.

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