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INTRODUCING THE HUNT: THE FIRST CONSUMER MARKETPLACE THAT COMBINES AR, CV, AND NFTs WITH REAL-LIFE PRODUCTS TO CREATIVELY BRIDGE THE GAP BETWEEN DIGITAL ASSETS AND PHYSICAL GOODS

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The Hunt, the first online consumer marketplace to use a combination of Augmented Reality (AR), Computer Vision (CV), and blockchain technology to allow people to purchase, display, and even symbolically wear their NFTs, is announcing its public launch. The Hunt is kicking off the launch with an LA-based and Malawian-born artist, Rannel Ngumuya, and has curated a limited edition release featuring NFTs and wearable collectibles based on his Bungalo Boy brand.

The Hunt is the first of its kind, creating a unique range of offerings in a single marketplace. While there are platforms that let people import and display their collection of NFTs and other digital assets, The Hunt is innovative in that it has combined digital collectibles with physical, AR-capable products. Additionally, while existing platforms in the space rely on barcodes for physical merchandise, The Hunt’s use of CV allows users to scan images with trained data assets that can detect AR experiences in physical and digital products without the use of barcodes or markers. Through this implementation of machine learning technology, The Hunt is able to elevate the experience for the NFT holder, offering an advanced AR experience that can detect unique markers, creating an emotional connection between the consumer and the product.

The Hunt also includes a mobile application–a seamless extension of the web platform–that lets users import, display, and even wear NFTs in AR anytime and anywhere via their mobile device. The mobile application is available on iOS and Android in January 2022.

To purchase NFTs and physical collectibles from the limited edition releases on The Hunt, users visit the web platform via thehunt.com, then browse the marketplace and select a digital asset (NFT). If the user has a Metamask wallet and wants to pay using Ether (ETH), they then connect their wallet through the browser extension. Once connected and confirmed, the NFT will appear in the library of collectibles in their profile section of the website. However if the user does not have a Metamask account, they are prompted to either create one or checkout via credit card.

Once this process has been completed, users can then utilize The Hunt’s mobile app to access their NFT library, view and display their purchased digital assets in AR, as well as scan accompanying physical products to experience the AR component.

“Augmented Reality and Blockchain technologies are an unstoppable combination that will create a new paradigm of how we experience a hybrid between physical and digital content for the metaverse,” says Natalia Diaz, Co-founder and CEO of The Hunt. “As The Hunt continues to evolve, we imagine a world where you can collect and explore multi-dimensional unique experiences through mobile devices, gaming, and wearables.”

“It’s an inevitability that fashionable and affordable AR glasses will hit the market in coming years,” says Andrew Resnick, a Co-Founder of The Hunt. “Within the fashion and merchandise spaces, The Hunt is positioning itself as the leading destination for all things Augmented Reality.”

“We are beyond excited to collaborate with an emerging artist such as Rannel,” adds Sagen Albert, Co-Founder and COO of The Hunt. “He is profoundly talented and our intention with The Hunt is to showcase a range of artwork and collectibles that deeply embody creativity and genuine storytelling through our purposeful curation and interactivity. The idea driving our affordable price structure is to make The Hunt accessible to both new and seasoned collectors.”

In the coming year, The Hunt will continue creating new augmented experiences and further developing its cutting-edge convergence of physical and digital storytelling through wearables, gaming, mobile, and decentralized apps. The company will also be working to secure partnerships with creative and innovative artists and celebrities, industry-leading brands, and AR display companies. For more information or to purchase one of The Hunt’s Bungalo Collection offerings, please visit www.thehunt.com/.

Blockchain

Open-Source Intelligence (OSINT) Market is expected to reach a revenue of USD 64.9 Bn by 2033, at 25.6% CAGR: Dimension Market Research

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Blockchain

UK to Issue New Crypto, Stablecoin Legislation by July, Minister Says

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The country passed a landmark bill in June 2023, which laid the foundation for stablecoins and other crypto to be treated as regulated financial activities.

  • The U.K. will issue new legislation for stablecoins as well as crypto staking, exchange and custody by June or July this year, Economic Secretary Bim Afolami said.
  • The Conservative-party-led government has said it wants to make the U.K. a global hub for crypto and passed legislation last year to recognize crypto and stablecoins as regulated financial activities in the country.

The U.K. government is set to put forward legislation for stablecoins as well as for crypto staking, exchange and custody by June or July, Economic Secretary Bim Afolami said at the Innovate Finance Global Summit on Monday.
“We are now working at pace to deliver the legislation to put our final proposals for our regime in place,” Afolami said. “Once it goes live, a whole host of crypto asset activities, including operating an exchange, taking custody of customers’ assets and other things, will come within the regulatory perimeter for the first time.”
In 2023, the U.K. passed a landmark financial markets bill that laid the foundation for stablecoins and crypto broadly to be treated as regulated financial activities in the country. Local regulators, the Financial Conduct Authority and the Bank of England, both consulted on what a stablecoin regime would look like last February. The BoE said it would oversee stablecoin providers that were large enough to affect the financial system, while the FCA said it would regulate the wider crypto space.

Afolami teased the coming of secondary stablecoin legislation in February, adding that the government was pushing to get it done within six months.
The U.K.’s Conservative Party-led government has said it wanted to be a crypto hub and has since consulted on its ambitions to regulate crypto. The U.K. is expected to have an election this year, which could see the Conservative party ousted and some crypto plans left in limbo, meaning the party could have a limited time left to execute its plans. The Labour party is the current favorite to win.

Source: coindesk.com

The post UK to Issue New Crypto, Stablecoin Legislation by July, Minister Says appeared first on HIPTHER Alerts.

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A new blockchain project has raised $100 million in funding

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Leading the investment were Brevan Howard Digital and Framework Ventures, which signals confidence in Berachain’s vision and approach.

Notable investors in Berachain include Samsung Next, HashKey Capital, Animoca Ventures and Nomad Capital, highlighting the growing interest in DeFi-focused blockchain projects.

Berachain co-founder Smokey Bera emphasized the importance of the funding round, stating: “We see this fundraising as a great validation of our approach to building a blockchain that is built on feedback from real users and developers, and to deliver value for those groups that actually contribute to the growth of the network,” as reported by Bloomberg.

According to Berachain’s website, the platform offers a certain degree of compatibility with ETH, making it easier to transfer applications and assets. While it may not fully replicate the functionality, performance or security features of Ethereum, Berachain serves as an EVM-compliant first-layer blockchain built on Cosmos-SDK.

This architecture allows Berachain to support similar tools and operations as Ethereum, while introducing additional functionalities optimized for proof of liquidity and typical decentralized use cases such as exchanges and oracles.

The blockchain network will introduce three core assets: the BERA token for on-chain transactions, the BGT token as its governing coin, and HONEY, the protocol’s secured stablecoin, offering a complete ecosystem for decentralized financial applications.

Source: cryptodnes.bg

The post A new blockchain project has raised $100 million in funding appeared first on HIPTHER Alerts.

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