Blockchain
DeMons Pilot NFT Collection sells out in under 10 seconds, generating over US$200,000 in 24-hours
DeMons, a decentralised community-driven collectibles multiverse, sold out its genesis species of 100 exclusive hand-drawn “GodZilliqa” NFTs in under 10 seconds following its launch on September 18, 2021. Recording sales of over US$200,000 within the first 24-hours of launch, these yield-earning and gamified NFTs currently hold the record of the fastest-sold NFT collection on the Zilliqa blockchain.
A unique experiential multiverse, DeMons offers a first-of-its-kind, end-to-end financial ecosystem which provides a constant stream of real-world returns and rewards to its community. Unlike the typical buy and sell model used by other NFT marketplaces, DeMons collectibles can be lucrative when locked into the platform’s DeFi yield generating tools. With the lines between the virtual and physical worlds increasingly blurring, DeMons provides users a trifecta of benefits: DeFi-based rewards, incentivized games, and utility-centric NFTs to create an engaging platform for collectors, investors, gamers, and traders alike.
Madhav Khandelwal, Founder of DeMons, said: “NFTs are reflective of a cultural movement that we’re seeing today, imbued in the synergies of the gaming and crypto ecosystems. Yet, in spite of their popularity, people across the crypto and investment worlds now possess various NFTs in their wallets that they don’t know what to do with. With the massive surge in play-to-earn concepts across gaming and crypto, I realised we had an unmissable opportunity on our hands — why not create an NFT world that provides constant returns for the user? One where locking in your token or NFT yields interests and can buy you gaming products or gives you voting rights within its virtual ecosystem.”
DeMons is powered by DMZ — the utility and governance token which enables community members to buy, sell, and trade DeMons (NFTs) as well as vote within the DeMonVerse. Users can even gain additional returns by locking in their DMZ into liquidity pools on Zilswap, the Zilliqa blockchain’s decentralized exchange.
Having successfully completed a private fundraising round which included investors such as Zilliqa Research, Zilliqa Capital, OneBlock Capital, Switcheo Network, Block Wolves, Ignite, and Non-linear Research, DeMons later went on to hold a public sale of its DMZ token on September 6, 2021. In 45 minutes, DeMons completed its target raise with a total of US$1.2M raised, which was oversubscribed by 518 percent, totaling US$5.98M in total funds committed. The tokenomics breakdown can be viewed here.
DeMons strives to bring long-term, sustainable value to a highly-saturated space that has been largely driven by hype. This pilot collection is part of a larger DeMonverse, which contains five species and a total of 666 rare creatures. The species include GodZilliqa, CryptoApes, and CryptoMyths, with the two remaining species to be unlocked by the community through voting at a later stage.
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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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