Blockchain
Bloktopia raises $4.2m for its VR metaverse. Round led by Animoca Brands, Jake Paul & Bitboy
Bloktopia, the virtual reality metaverse which will allow users to Learn, Earn, Play and Create and provides a central hub for everything cryptocurrency related – today announced that it has closed its private rounds.
Investment was led by Animoca Brands and also includes backing from Jake Paul’s Anti Fund, Polygon, Bitboy (Ben Armstrong), Wendy-O, X21, Genblock, AU21, Avalanche, Shima Capital, TKX Capital, Kucoin Labs, DuckDAO, Dreamboat Capital and Magnus Capital.
Bloktopia also released a list of the brands that will be taking up residency. The brands, referred to as ‘Anchor Tenants’, will occupy the spaces in the prime locations of the virtual reality skyscraper, where they will share exclusive and immersive content. Confirmed Anchor Tenants include lead investor’s Animoca Brands, they are joined by renowned crypto brands Polygon, Avalanche, Dextools, DuckDao, Anti Fund, Polkastarter, Travala, Kucoin, Collateral and influencers Jake Paul, Bitboy and Wendy-O, with Bloktopia reporting that several more agreements are in the process of being finalised.
Ross Tavakoli, CEO of Bloktopia said: “We were overwhelmed with the interest that we have had from investors, and are delighted to be able to close our private round of funding with some amazing backers.”
Tavakoli went on to say: “We want the biggest and best brands in Bloktopia, so we’re also really pleased to be able to announce the tenants that will be joining us. We want to offer not only the best content that crypto has to offer, but the best content that anyone has to offer on any platform”.
The final $700,000 to complete the raise at $4.9m will be raised in the IDO for the native token $BLOK, which has been confirmed for the 5th and 6th October, 2021. The IDO will be hosted on the Seedify, Red Kite, OxBull and TrustPad launchpads.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara
Blockchain
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