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.
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
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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
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