Blockchain
MetaHorse Announces to Enter into Metaverse Space with the Launch of a P2E Metaverse Platform
MetaHorse has announced the launch of its horse-racing based metaverse game built on blockchain technology, nonfungible tokens (NFT) and GameFi that enables players to enjoy horse racing on a whole new level. MetaHorse gamifies horse racing by allowing users to virtually breed, train, compete and bet against horses they own in a metaverse, allowing them to enjoy a virtual experience and the fun of horse racing.
The platform combines blockchain, play to earn and GameFi to create a gamified ecosystem for horses. It integrates a variety of gaming elements, such as education and simulation games, PVE stand-alone games and PVP games, etc, powered by a blockchain based token.
MetaHorse — A multi-billion dollar market
Horse racing is an equestrian sport that has existed for many centuries. It has been popular since the two-wheel chariot race in Roman times. With millions of spectators worldwide, the horse racing industry has maintained its popularity for centuries. Now a multi-billion-dollar market, this sporting event shows no signs of slowing down.
The global Horse Racing Market size was valued at $300 billion in 2019 and is expected to grow significantly over the next decade. The analysts have been monitoring the horse and sports betting market and it is poised to grow by $ 139.52 billion during 2020-2024 progressing at a CAGR of 9% during the forecast period. As far as Japan is concerned, it has more than 20 large-scale horse racing courses with 100000 people, holding more than 15000 races every year. In addition to the admiration of chivalry in the race, gambling also allows more people to participate, making horse racing active among civilians.
How does the gameplay work in MetaHorse?
MetaHorse will integrate horse racing culture into the concept of metaverse so that everyone can become a proud horse owner while also having the opportunity to tokenize the ownership via NFTs, which can be further used within the metaverse. To participate in the gameplay, a user needs to own a horse acquired by purchasing an NFT. Once you have the NFT, you can breed it, train it, and by the time it has grown and matured enough, you can bet against it in the metaverse. Also, as the NFT represents ownership of the underlying horse, it can be traded within the marketplace. Thus, from breeding to competition, MetaHorse creates a comprehensive and realistic horse racing chain game based on real horse racing.
Getting started with MetaHorse
To start, players can use the governance token, i.e., MHC, to purchase a blind box which is further used to get horse NFTs and then enter the game. They can receive game tokens by training three to eight times a day according to different levels of horse NFT. Game tokens can be used to improve the status of horse NFT, or they can be converted into a second token – sMHC to participate in PVP horse racing.
Play to Earn in a closed cycle
Earning rewards in MetaHorse is as easy as raising a pet. Once you have got the MHC Token which can be acquired via private sale or the Initial Dex Offering, you can obtain the NFT box to collect a Horse NFT that is further useable in the gameplay. A visual overview of the working of the closed cycle in which a user can earn rewards is given below.
The NFT sale is opening by April 2022, details of which can be found in the website. Check out official website to acquire your horse and start creating lucrative rewards against bets in the horsing metaverse.
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
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
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Blockchain
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