Blockchain
V1 Group Formal Entry Into Sanya To Seize New Opportunities of Hainan Free Trade Port Policy and To Capture New Development
One of China’s top 100 internet companies, V1 Group Limited (“V1 Group” or the “Company”, together with its subsidiaries, the “Group“; stock code: 00082.HK) today announced that Mr. Peng Xitao, Joint Chief Operations Officer of V1 Group Limited and Chief Executive Officer of Crazy Sports, has participated in the Hainan Free Trade Port (”Free Trade Port”) Key Projects Signing Ceremony in Haikou on 13 August 2020. Crazy Sports, a subsidiary of the Group, will kick-start a project integrating the information technology and sports industries in Sanya. The project is of great significance to the Group in the development of its internet sports-related business.
Hainan is China’s largest special economic zone, and the announcement of the Free Trade Port project indicated the development of the Free Trade Port has entered the full implementation phase. The Hainan Free Trade Zone has unique advantages in terms of policy support. The State Council of the PRC put forward in the “Overall Plan for the Construction of Hainan Free Trade Port”, a document issued on June 1, 2020, that with regard to the high-tech innovation industry, “focusing on platforms as vehicles to upgrade industrial efficiency, and to take IoT, artificial intelligence, blockchain, digital trade, etc. as key development sectors in the information technology industry”. Hainan Free Trade Zone also brought up the idea of “promoting the in-depth integration of tourism, sports and culture as well as medical industries” for the tourism industry.
The signing ceremony unveiled a total of 59 major projects, of which 12 are foreign funded and 47 are domestically funded, covering tourism, modern services, industries high-tech industries and livelihood and public services, with an estimated total investment size of RMB14.2 billion. Hainan Free Trade Port will continue to introduce a series of key development projects and unleash the potential of the city through the implementation of preferential policies and the investment opportunities brought by the free trade port.
Mr. Peng Xitao, Joint Chief Operations Officer of V1 Group Limited and Chief Executive Officer of Crazy Sports, said, “V1 Group is a well-known internet company with relevant technical capabilities in the internet, sports and media industries. As a leader of this Crazy Sports project in Sanya, I aspire to develop quality projects by leveraging the Group’s advantages in technology and resources.”
Dr. Zhang Lijun, Chairman of the Board of Directors of V1 Group Limited, said, “The Group proactively adheres to the direction of national development and formulates development plans in line with market trends. Hainan Free Trade Port brings new opportunities, by formal entry into Sanya, we will enjoy the advantages brought by the preferential policies. I believe that under the leadership of our professional operation and management teams, the Group’s businesses will be able to develop rapidly with the supportive policy. While bringing better development prospects to our shareholders and investors, we also hope to contribute to the construction of the Free Trade Port, and jointly seek new development opportunities.”
The Signing Ceremony of Hainan Free Trade Port Key Projects. The event was hosted by the People’s Government of Hainan Province, and undertaken by the Hainan Provincial Department of Commerce and the Haikou Municipal People’s Government. Attending government officials including Liu Cigui, the Secretary of the CPC Hainan Provincial Committee and the Chairman of the Standing Committee of the Hainan Provincial People’s Congress; Mao Chaofeng, Member of the Standing Committee of the CPC Hainan Provincial Committee and Vice Governor of Hainan Provincial Government; He Zhongyou, Member of the Standing Committee of the CPC Hainan Provincial Committee and the Secretary of the CPC Haikou Municipal Committee; and Tong Daochi, Member of the Standing Committee of the CPC Hainan Provincial Committee and the Secretary of the CPC Sanya Municipal Committee.
Exverse, a free-to-play game bringing a fresh take on AAA first-person-shooters to Web3, announces the launch of its native $EXVG token on ByBit, a top-three crypto exchange by volume with over 20 million users. The ByBit launch will be followed by spot listings on the MEXC and Gate exchanges. Ahead of its full alpha launch in mid-May, Exverse hosted a soft-launch tournament for 5,000 early registrees on April 15 with cash rewards for top performers.
During the last bull run, Web3 games rose to prominence under the play-to-earn mechanism that made games like “Axie Infinity” so popular. As this model became widely replicated, many of these blockchain-based games prioritized the crypto elements at the expense of the actual game aspects. This trend could be seen in practice by many titles opting to undergo a token launch before even having a working demo, disincentivizing developers to build a quality game, and leaving users with no ecosystem or functioning game to play and spend or the native currency in.
With Exverse approaching its full launch, players can earn $EXVG by performing well while using the native token to enter matches, purchase premium items, and more. The $EXVG token builds on Exverse’s extensive beta and serves as the ecosystem’s currency while the game’s community witnessed a 20 percent growth in verified signups within a month. Supporting Exverse in their token launch are prominent launchpads and incubators that include Seedify, ChainGPT, and GameFi.
To build momentum for its upcoming alpha launch in mid-May, Exverse showcased its game by holding an exclusive deathmatch-style tournament for 5,000 early wait listers on April 15. The five-day tournament, which took place on the game’s ‘Battle Planet,’ gives players a chance to demonstrate their skills and win rewards via stablecoins and tokens. With $50,000 in total up for grabs, the top 100 performers earned at least $200. Top five finishers earnings were dispersed accordingly:
1st place: $4,000
2nd place: $2,000
3rd place: $1,500
4th and 5th place: $1,000
Built using Epic’s Unreal Engine 5, Exverse utilizes blockchain technology to strike a balance between enjoyable, realistic, and immersive real-time gameplay. The game prioritizes skill over pay-2-win mechanics, enabling players to earn rewards by staking tokens before a season’s kickoff. Top performers receive a share of profits from in-game NFTs such as cosmetics and skins.
To support the ecosystem’s development, expansion, and growth while rewarding the team and its early supporters, 400 million $EXVG will be minted.
“We are extremely excited about our token launch and proud to work with a great partner like ByBit to make it happen,” says Fei Ooi Hoong, CEO of Exverse. “We worked tirelessly to develop a diverse, engaging, and intuitive first-person shooter capable of revolutionizing how the public views blockchain-based gaming. Our talented team tapped into its background in traditional gaming to develop a rich and immersive gaming experience and then strategically implemented the NFT elements and in-game economics to enhance the user experience.”
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According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
The post BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests appeared first on HIPTHER Alerts.
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