Blockchain
ZOAN Reveals Photorealistic Metaverse Cornerstone.land, Announces Largest NFT Land Sale at €100 Million
ZOAN, a leading global VR studio, today announced the upcoming launch of Cornerstone.land, a photorealistic metaverse experience featuring a volcanic island sold exclusively through the FUNGI platform as NFTs. A total of 100 virtual land parcels will be available for sale over the course of Q1, ranging in price from €10,000 to more than €20 million, making Cornerstone.land one of the most valuable land sales in the metaverse to date. The first land drop will be available for purchase starting January 31 at http://fun.gi/. Visitors can sign up for alerts on land drops at https://cornerstone.land/.
As virtual real estate in the metaverse has become more pervasive, open digital worlds like Decentraland, The Sandbox, CryptoVoxels and Somnium Space have attracted investors and driven millions in land sales. At the same time, businesses and individuals seeking more exclusivity can now turn to Cornerstone.land, which offers custom avatars, exclusive buildings, private NFT galleries and more. The photorealistic escape of Cornerstone.land is the perfect place for artists, brands, and creators to showcase their work, collaborate or entertain in a more exclusive environment.
“Cornerstone.land is a passion project we’ve been dreaming up for years. It all started with the idea to build our virtual office and since then it’s grown into the creation of a whole land drop powered by blockchain technology,” said Miikka Rosendahl, CEO of ZOAN. “In Cornerstone.land, you can truly escape from reality. The raw beauty of the island is something that has never been seen before – it’s like starring in a Hollywood Sci-Fi movie, except you get to decide the plot.”
Cornerstone.land is divided into 100 regions of soil, where each region is unique in terrain, geography, and shape. Once land ownership is 100% complete in Q1, the Cornerstone volcano will erupt, growing each region exponentially. Landowners (“Cornerstonians”) receive building credits to design a metaverse experience that best suits their needs. ZOAN provides an experienced 3D specialist that completes the building process. Anything that’s built can be resold to other Cornerstonians. Building materials and construction credits can also be resold within the community. Even guest invitations can be sold to other Cornerstonians.
The Cornerstone.land 3D metaverse is being built with the Unreal Engine, which allows real-time rendering of high-quality graphics. Cornerstone.land plots are stored on the Ethereum blockchain as NFTs, specifically ERC-721 tokens. Users can easily verify the ownership and transaction history of each NFT. Each piece of land is unique and digitally certified by the Ethereum smart contracts.
For more information about Cornerstone.land, visit https://cornerstone.land/.
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Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
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