Blockchain
Emerging VR blockchain game 5th Scape sees strong ICO support
The new VR blockchain project 5th Scape (5SCAPE) surpasses $3.5 million in ICO funding, fueling speculation about its potential to reshape gaming.
Crypto investors are growing excited about a new project called 5th Scape (5SCAPE) that combines VR gaming with blockchain tech. With its ongoing ICO raising over $3.5 million already, many are wondering if this crypto could be poised for an explosive breakout.
AAA VR gaming meets blockchain utilities with 5th Scape
5th Scape is building out an entire ecosystem combining AAA gaming experiences with the limitless potential of the blockchain. At the project’s core is a library of realistic sports simulations, combat games, and racing experiences – all optimized to transport players into immersive VR worlds.
However, 5th Scape’s developers intend to take the immersion factor to new heights through cutting-edge hardware offerings. These offerings will include a VR headset called VR Ultra, offering crisp visuals and motion tracking. VR Ultra will pair with 5th Scape’s custom-designed gaming chairs, which maximize ergonomics for long sessions. Powering this whole ecosystem is 5th Scape’s native token, 5SCAPE, which has a fixed supply of 5.21 billion.
As outlined in the project’s whitepaper, 5SCAPE holders will receive perks like free lifetime access to 5th Scape’s gaming library and enticing staking yields. There will even be a decentralized creator marketplace that uses 5SCAPE as the native transactional currency. From the immersive games and hardware to its multi-utility token model, 5th Scape’s team has a vision of combining VR with Web3 in a unique way. That ambition sees to be a key driver behind the colossal ICO demand so far.
5th Scape ICO raises over $3.5m ahead of exchange listings
Earlier today, the 5SCAPE ICO blew past the $3.5 million milestone as buyers continue to pile in. For those getting involved in the ICO now, 5SCAPE tokens can be acquired for $0.00248 each.
Given the token’s intended listing price of $0.01, those taking part in 5th Scape’s ICO currently have access to a 303% lower cost compared to what the token is slated to open at. With exchange listings expected shortly after the ICO concludes, this arbitrage potential is proving attractive for speculative investors.
Importantly, 5th Scape’s team plans to set aside 521 million 5SCAPE tokens to provide liquidity once the 5SCAPE token is listed on exchanges. The token is also expected to have an initial market cap of $15 million. However, some members of 5th Scape’s Telegram channel believe this market cap projection will prove conservative, given the strong hype around the project.
Why 5th Scape’s metaverse ambitions are generating mainstream buzz
What seems to be separating 5th Scape from the sea of other crypto projects vying for investors’ capital is its sheer ambition and scope. Rather than focusing on just one product or use case, 5th Scape aims to build a full ecosystem that includes games, hardware, marketplaces, and more.
This comprehensive approach has already started resonating with big names in the crypto world. Major mainstream content creators like Oscar Ramos and Matthew Perry – boasting a combined YouTube audience of over 290,000 people – have produced breakdowns hyping up 5th Scape’s plans. For them, the project’s value proposition lies in its potential within the metaverse sector.
According to a recent report from SkyQuest Technology, the global metaverse market is expected to reach a value of $803 billion by 2031. This represents a CAGR of 39% between now and then. If 5th Scape can capture a slice of this rapidly growing market, and the development team manages to achieve their strategic goals, 5SCAPE’s potential for appreciation could be immense.
Source: crypto.news
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Blockchain
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
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