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/
bybit lucky
Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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