Blockchain
Motorverse launches motorsport avatar NFT collection “Torque Squad”
Motorverse Corporation, a subsidiary of Animoca Brands, has announced the launch of Torque Squad – a collection of 8,888 racing avatar NFTs called “Torqies”. The first Torqie presale starts on 2 April 2022; for more information see https://www.torquesquad.io/.
Torqie NFTs are generated with individually styled details and intricate hand-drawn artwork to delight motorsport enthusiasts. These Torqies will act as the entry point to the Motorverse ecosystem, which is partnered with the REVV Motorsport ecosystem.
The Torque Squad project has partnered with numerous top racers from across the world of motorsport, including Juan Pablo Montoya, Joey Logano, Brad Binder, Rene Rast and Sebastian Montoya.
Grammy nominee Tina Guo and composer Steve Mazzaro, who have worked on music for various major motion pictures including Inception, Dune, Dunkirk, Wonder Woman, Interstellar, No Time To Die, Batman vs Superman, and others, have composed “The Soundtrack to Motorverse”, which can be heard at https://www.torquesquad.io and will be available on Spotify soon.
More than just images or profile pictures (PFPs), Torqies offer true utility across multiple areas in both the real and virtual worlds. Ownership of a Torqie provides entry to the Motorverse ecosystem, which is being integrated with REVV Motorsport and is adopting the REVV Token as its ecosystem utility token. Additionally, various REVV ecosystem NFTs will be supported in several of the upcoming Motorverse experiences.
Motorverse is a lifestyle blockchain platform consisting of games, fashion, events, DeFi, and much more. It is a subsidiary of Animoca Brands, the company advancing digital property rights for gaming and the metaverse and the driving force behind the pioneering REVV Motorsport ecosystem that includes REVV Racing, MotoGP™ Ignition, and Formula E: High Voltage.
Matt Solomon, Co-Founder and CEO of Motorverse, commented: “The Torque Squad is the first step into the Motorverse. We’ve put an incredible amount of effort into the artwork and community, so we can’t wait to see the avatars come to life! We’re building some amazing products for motorsports enthusiasts with Animoca Brands and are fully committed to contributing to a metaverse based on openness and interoperability.”
Yat Siu, the Executive Chairman and Co-Founder of Animoca Brands, added: “The launch of Torque Squad and Motorverse is a fantastic time for motorsport and blockchain enthusiasts and the REVV ecosystem. Motorverse is developing exciting NFT and physical products that focus on connecting the real and virtual worlds, which is a key element of the open metaverse.”
Currently in development, the Motorverse platform will feature the following:
- Real-Life and Virtual Events, such as Grand Prix tickets, VIP trackside experiences, competitive esports, live streams with your favourite drivers, and more. For details on upcoming events, see https://www.torquesquad.io.
- Fashion and Streetwear goods both real and virtual. Produced in partnership with a world-class designer based in London, the Torque Squad fashion and streetwear line is designed to exceed the quality and expectations that are standard in the market, and will stand out both in real life and the metaverse.
- The Motorverse: gain access to the first-of-its-kind, Web3 social platform for motorsports enthusiasts. The Motorverse connects participating users on a decentralized hub as a gateway to the metaverse, with interoperable NFTs and interactive experiences including 3D games and more.
- Future NFT Releases will be made available first to holders of Torque Squad avatars. Holders will either be immediately eligible or automatically whitelisted for releases from Torque Squad and Motorverse. NFTs will include custom vehicles, equipment, and branded NFTs developed in collaboration with key partners.
- Part of the Animoca Brands network, a key driver of the evolution toward the open metaverse. Torque Squad NFTs will be given utility in certain Animoca Brands products, with details to be announced
The first Torqie presale starts on 2 April 2022; for more information see https://www.torquesquad.io/
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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Blockchain
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Blockchain
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