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The Famous Game Moniwar Catching The Wave Of NFT Gaming

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Moniwar, invested by MONIHUB PTE LTD, is the game built on the leading NFT and DeFi technologies, is making solid strides toward dominating the worldwide NFT Game Blockchain industry. Recently, the NFT Gaming trend in Vietnam has developed enormously. When playing these game series, players are entertained and can have an additional source of income. When playing these game series, players are entertained and can have another source of income. Players have full ownership of game characters and items. They can join the NFT marketplace to exchange game items for profit. Especially in the context of today’s COVID-19 epidemic, many people have had their incomes reduced or completely lost their primary source of income. Being able to make money from playing games, therefore, becomes even more attractive. This contributed significantly to the explosion of the NFT Gaming industry in Vietnam.

Not out of the above wave, Moniwar was founded by a team of game programmers with 15 years of experience developing traditional games. By integrating blockchain and NFT technology into the game, Moniwar entered the NFT game market to bring Vietnamese games into the global gaming market.

MoniWar is inspired by the globally loved game genre Monsters & Puzzles. MoniWar game plot hinges on Lucas’s journey to avenge his father, King Abrazax, the ruler of The Lower Realm.

Legend has it that in the Iron Age, 1200 BC, the world was divided into three realms: Elysia Upper Realm, Soma Realm, and Naraka Lower Realm. In the Third Aeon Era, a fierce war between the Upper Realm Elysia and the Lower Realm Naraka opened up a “space-time” gap that allowed the monsters of Naraka’s Lower Realm to invade the Soma world. After that, the Upper Realm defeated the Lower Realm and its king, Azazel. Before disappearing, the pieces of Azazel’s corpse had turned into Metal Wood, Water, and Fire Earth monsters, directly ruling the lands on the physical plane. Lucas, the son of King Abrazax, who had to bear in the hatred for his father’s death, has assembled five legendary monsters. Together, they traveled to the land and captured the monsters to prepare for the final battle with Elysia, the upper Realm.

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To participate in the game, players need to prepare the “Pets” you can purchase at MoniShop (MoniWar’s in-game exchange platform).

Next, players can download the game on Android & IOS apps or use the web version and register to play the game. Daily, players will participate in “diamond scan” challenges through the missions: explore the map, fight bosses, hunt pets, PvP match 3, participate in battles with other players …. Through each mission, the player can receive gifts with items (pets, items that help to upgrade pets) or tokens (cryptocurrency for in-game transactions.). In addition, Moniwar also created a system of regular tournaments for players to challenge themselves and compete against other players. Through these tournaments, the game will find great people to receive valuable rewards like pets or tokens to trade on NFT Marketplace.

For the NFT Market platform, players can exchange transactions with other players, join auctions, and look for opportunities to receive lucky gifts that can be “Pets” or items to upgrade their character in the game. In addition, the popular features of NFT platforms such as Mint, Farm, Staking…will also appear on MoniWar platform.

Thanks to its outstanding features and compelling storyline, MoniWar won the third prize in the final round of the “Game2Blockchain” contest held on August 22, 2021. The contest judges are all very famous experts in the field of Blockchain and NFT games like Trung Nguyen – Co-Founder & CEO Axie InfinityLoi Luu – Co-Founder & CEO.

In the first round of the contest, representatives of the teams had 15 minutes to present about the project and answer the examiner’s questions. In round 2, each team has 1 minute to explain the main features of their project live on Facebook. The top 3 projects are evaluated based on ideas, products, gameplay, play for money, coding, technical development, etc… The event took place directly on Facebook with the participation of the 12 most notable and potential NFT game projects in Vietnam, Moniwar has excellently surpassed the criteria set out by the contest, honored to be named in the top 3 of the “Game2Blockchain” contest. It is expected to storm the Crypto community soon.

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Blockchain

Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches

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Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.

In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.

While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.

Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.

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Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.

Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.

Source: shakirabrasil.info

The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.

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Italy Ramps Up Crypto Oversight in Line with MiCA

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Italy is preparing to strengthen its oversight of cryptocurrency markets to align with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This initiative, initially enacted in 2022, aims to impose stricter monitoring of digital asset markets, particularly targeting insider trading and market manipulation. Under the new decree, fines ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) will be imposed based on the severity of violations, reinforcing compliance and market integrity.

For blockchain firms and decentralized finance (DeFi) protocols, MiCA presents significant challenges. These entities must decide between fully decentralizing their networks or complying with MiCA’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Fully decentralized networks are exempt from reporting requirements but risk non-compliance if they employ foundations or intermediaries moderating communities.

Centralized exchanges like Binance are adapting to MiCA by categorizing stablecoins as authorized or unauthorized, aligning with regulatory requirements without delisting these assets from spot markets. Uphold has similarly adjusted by delisting certain stablecoins for compliance purposes.

Despite regulatory pressures, experts are optimistic about stablecoins’ future. Figures like Jeremy Allaire, CEO of Circle, predict stablecoins could represent 10% of the money supply within a decade. They anticipate widespread adoption driven by benefits such as financial inclusion, lower remittance costs, and seamless cross-border commerce via public blockchains.

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This regulatory framework underscores the transformative potential of stablecoins and blockchain technology within the global financial system.

Source: coinfomania.com

The post Italy Ramps Up Crypto Oversight in Line with MiCA appeared first on HIPTHER Alerts.

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1inch Network Teams Up with Blockaid for Shield API

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1inch Network has collaborated with Blockaid to introduce the 1inch Shield API, a pioneering advancement in Web3 security. This collaboration aims to enhance user protection within decentralized finance (DeFi) by bolstering defenses against fraudulent tokens. Blockaid, renowned for its expertise in Web3 security solutions, utilizes advanced data analytics and machine learning to swiftly identify and flag scam tokens, safeguarding users from potential financial risks.

The 1inch Shield API also addresses compliance with Anti-Money Laundering (AML) regulations through continuous screenings of blockchain addresses. Powered by TRM Labs, this feature scrutinizes addresses for associations with sanctioned entities and illicit activities, preemptively restricting suspect addresses to prevent regulatory infractions.

Additionally, 1inch integrates Etherscan Pro’s blocklisting capabilities to proactively blacklist suspicious addresses, further fortifying its security measures.

This initiative marks a significant milestone in DeFi security, promising unparalleled levels of security and compliance. As 1inch continues to deploy this technology across its platform, it aims to provide developers and users with enhanced protection and confidence in navigating the Web3 landscape.

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Source: cryptotimes.io

The post 1inch Network Teams Up with Blockaid for Shield API appeared first on HIPTHER Alerts.

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