Blockchain
Panda Farm, Bitget’s First Lightweight GameFi, Is Deployed on Arbitrum
Singapore, Singapore–(Newsfile Corp. – March 2, 2023) – On February 16, 2023, Bitget announced its newly revitalized Launchpad with its first project for the year, Panda Farm (BBO). Panda Farm is a lightweight GameFi application deployed on Arbitrum, indicative of the Bitget team’s optimism toward GameFi and relevant new projects.
In addition to GameFi, Panda Farm is the first project launched by Bitget Launchpad since its revamp.
The Panda Farm game uses pandas as the main characters, and players can compete with other players in real-time online games (such as battle games, nurturing games, and cultivating a panda’s home) to earn rewards. The game has a high degree of user tolerance.
BBO (BAMBOO TOKEN) is the blockchain-based token of the Panda Farm ecosystem. It’s used to adopt pandas, exchange pandas, participate in games, and use advanced features in Panda Farm. All players will gather in the community via BBO, participate in community governance, and receive incentives. BBO will also serve as an incentive for players who participate in games and contribute to the community.
Each panda is an NFT, with 4022 in supply and never increased. Before playing the game, players must adopt (mint) a panda through ETH for use in subsequent games.
In adopting a panda NFT, there is a 5% chance of obtaining an additional prop NFT. The attribute of prop NFTs includes the probability of strengthening effects.
Figure 1
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8675/156915_f74e947464464862_001full.jpg
In addition to gameplay, each Panda NFT also has the property of a collectible. After upgrading an NFT, players can sell it to interested players or collectors and profit from the premium of the NFT card.
Panda Farm
Contact Name and Surname: William Zimmerman
Contact Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/156915
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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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