Blockchain
MIRL and Bybit combine forces to push forth FashionFi
The MIRL Project has announced a partnership with one of the fastest growing cryptocurrency exchanges in the world, Bybit.
Through this joint step with MIRL into the Metaverse, Bybit will take on the role of presenting partner of the MIRL project and seek to encourage NFT innovation and the FashionFi movement by facilitating the coming-to-life of the MIRL Project at several momentous events such as Art Dubai, happening in March 2022.
MIRL NFTS comes with a physical wearable by world class designers
A step into the Bybit ecosystem
This collaboration also enables MIRL to gain exposure to 6 million Bybit users as well as leverage the capabilities of the Bybit Exchange to provide credible, robust and dynamic utility to the MIRL Ecosystem.
The exchange is the first amongst centralized exchanges in the crypto market to offer true yield and competitive APY on this upcoming NFT collaboration, backed by Bybit’s trusted ByFi Center.
“Bybit is keen to support the FashionFi movement,” said Ben Zhou, CEO and co-founder at Bybit. “MIRL is a great partner for us because we share similar values such as ethical products like slow fashion to unify sustainability with ethics and creating next level NFT and metaverse projects.”
MIRL NFT holders will get exclusive access to 6.88% APY on Ether (ETH) via Flexible Staking for 30 days on Bybit. While NFTs in general have enjoyed several utilities within their ecosystem, a staking privilege of this type is the first among centralized exchanges.
Bybit has also acquired 1,111 out of the collection of 8,888 NFTs in the MIRL genesis collection launching March 10. These 1,111 NFTs will be carefully curated and distributed to esteemed individuals and VIPs of the Bybit ecosystem.
“We are thankful to Bybit for giving our NFT community exclusive privileges within their platform. The idea of NFTs enjoying staking pools on centralized exchanges has never been done before, and this shows Bybit’s commitment to the MIRL community and their out of the box thinking in terms of providing value to our community.” said Joanna Lim, founder of The MIRL Project.
Aligned values from Day One
There is more in common between MIRL and Bybit than meets the eye. MIRL is looking to help new-to-web3 creatives shine by giving them an international platform for their work.
Bybit is dedicated to helping the crypto-curious confidently and safely explore the rapidly evolving and complex crypto universe.
Both entities are dedicated to fostering a safe environment for their ecosystem and conducting their business in the highest level of trust and ethics.
The MIRL Project is also a proponent of “slow fashion”, which points to a shared interest in sustainability.
Shared experiences in the world of MIRL
MIRL will organize a series of offline activations in the form of pop-up stores and fashion showcase across the world – from Singapore to New York in 2022. MIRL holders and selected Bybit VIPs will enjoy equal privileges to attend these events.
“We are looking forward to meeting the MIRL x Bybit community in real life, and have already started work on architecting these experiences,” said Leslie, design lead of The MIRL Project.
“The MIRL Project aligns with Bybit’s interest and mission to be a supporter of meaningful NFT projects that champions the dreamers and weavers of the metaverse.” said Igneus Terrenus, head of communications at Bybit.
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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