Blockchain
Toronto Award Winning Entrepreneur Launches 1st NFT eSport Game in Canada
Reigning from the Schulich School of Business, York University, young CEO Jimmy Chan is known for founding Odyssey 3D (O3D) – a real estate virtual reality and 3D modelling company ranked top 1% globally and first of its class in Toronto, Canada. He is about to launch his next venture: a combination of Blockchain NFT, Horse Racing, and Real Estate, creating a universe called Oly Sport Metaverse.
After winning the first prize at the Schulich Start Up Night pitch competition in 2016, O3D immediately attracted a large following of clients across the Greater Toronto Area, gained client trust, and quickly became a leading company in virtual real estate marketing in Ontario. However, Jimmy Chan’s ultimate goal is to benefit humanity at a global scale and place Canada as the centre hub of innovation.
Earlier this year, Jimmy Chan – former CEO of O3D officially handed over the company management rights to his two close friends and co-founders. In the article “Farewell from CEO of Odyssey 3D”, Jimmy shared that he will continue to support O3D but this young entrepreneur already has new plans and is ready to start his new journey.
The Covid – 19 pandemic also affected many people around the world. Being an innovative person, Jimmy soon realized this, and he took steps to achieve his dream, connecting people and creating opportunities for everyone to earn money.
He believes that after the Covid-19 pandemic, “The world we used to live in will no longer exist. We are stepping very quickly into a new world where blockchain technology will change the way people live, work and entertain”. Jimmy sees a huge opportunity to remove barriers and create an easier way for us to own real estate and entertain ourselves with games like hockey, soccer, horse racing no matter where we are in the world.
Jimmy’s vision is to unite financial markets; democratize, decentralize, and globalize real estate ownership; and allow investors to make a living earning blockchain backed tokens. The blockchain platform is chosen to help him realize his vision through a project called Oly Sport Metaverse.
Unlike Play To Earn games, Jimmy’s game is Race to Earn. People who want to have fun can enter the game without any fees; investors who want to make money playing can own precious thoroughbred horses at only 1/200 the actual price in real life. Through the NFT platform, every horse, item and accessory is unique. Every task like breeding, racing, taking care of horses is part of the tokenomics that creates jobs and allows players to earn. Unlike trending games or gambling, Jimmy’s Oly Sport focuses on organizing tournaments which will soon be the standard for eSport horse racing. As gambling is not legally and culturally accepted in a lot of countries, with this strategy, Oly Sport can reach all countries without legal barriers, similar to organizing a global football, hockey, tennis tournament.
Jimmy also added that his racecourses will be built on farms, or actual racecourses, which will be digitized applying blockchain technology. In the near future, players who own a part of the racecourse in the game will actually own part of the land in real life. That means the player who is a shareholder of an in-game racecourse, also is a shareholder of a real-life farm or racecourse. He is confident that you cannot find this type of Metaverse in any game other than Oly Sport at the moment.
Through this project, Oly Sport wants to contribute to Toronto’s blockchain ecosystem and inspire young entrepreneurs to follow their dreams.
Jimmy shared that Oly Sport will officially go IDO on November 2 on BSCStation. For this event, the fixed price of $OLY is $0.06 per token exclusively for BSCStation token holders. The total allocation amount of $OLY tokens will be announced later.
SOURCE Olysport
Blockchain
Remittance Market to Hit Enormous Growth of 10.50% By 2033 | Rise in Cross-border Transactions & Mobile-based Payments
Blockchain
Omnichain protocols offer the answer to blockchain fragmentation
Blockchain fragmentation, stemming from the proliferation of diverse blockchain networks, poses challenges for interoperability and seamless data exchange. In response, omnichain protocols emerge as a solution to bridge these fragmented ecosystems.
These protocols aim to create a unified framework that enables communication and data transfer across multiple blockchain networks. By establishing common standards and protocols, omnichain solutions facilitate interoperability, allowing different blockchains to interact seamlessly.
The adoption of omnichain protocols addresses key issues such as data silos, redundant processes, and inefficiencies caused by blockchain fragmentation. These protocols enable businesses and developers to leverage the strengths of various blockchain networks while mitigating the drawbacks of fragmentation.
With omnichain protocols, organizations can achieve greater flexibility, scalability, and efficiency in their blockchain implementations. These protocols provide a foundation for building interconnected blockchain ecosystems, fostering innovation and collaboration across industries.
As blockchain technology continues to evolve, omnichain protocols play a vital role in overcoming the challenges of blockchain fragmentation and unlocking the full potential of distributed ledger technology.
Source: cointepegraph.com
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Blockchain
State-owned German Bank Set to Introduce Blockchain-Backed Digital Bonds
Germany’s state-owned bank, Kreditanstalt fuer Wiederaufbau (KfW), is set to embrace the digital age by issuing its first blockchain-based digital bond. This move signals the bank’s foray into blockchain technology and its commitment to driving its adoption in the financial sector.
The bond that KfW plans to issue will be tokenized, marking it as a ‘crypto security.’ This tokenization involves representing the bond on a blockchain, enabling validation of its transactional history and ownership.
Tokenizing bonds offers several advantages, including the automation of various aspects of bond management such as interest payments and maturity settlements. Additionally, it reduces the need for intermediaries in the process, thereby cutting down on overall transaction costs.
Melanie Kehr, a member of the Executive Board of KfW Group, expressed the bank’s innovative approach in testing new financial market products. She emphasized that the issuance of the digital bond under the German Electronic Securities Act reflects the bank’s commitment to exploring innovative solutions in the financial market.
The issuance of the blockchain-based bond marks a significant step for KfW, as it seeks to attract investors and enhance efficiency and scalability in bond transactions. Tim Armbruster, Treasurer at KfW, highlighted the importance of digitalization in increasing efficiency and scalability, emphasizing the bank’s goal of attracting a wide range of investors for the digital bond.
KfW plans to engage in dialogues with institutional investors in Europe to better understand their needs and explore the potential of blockchain technology in fintech. Cashlink Technologies GmbH, a Frankfurt-based fintech company, will serve as the crypto securities registrar for KfW, facilitating the issuance of the digital bond.
The decision by KfW to issue a blockchain-based digital bond underscores the growing interest in blockchain technology within the financial sector. It represents a significant step towards leveraging blockchain for innovation and efficiency in financial markets.
Source: cryptonews.com
The post State-owned German Bank Set to Introduce Blockchain-Backed Digital Bonds appeared first on HIPTHER Alerts.
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