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.
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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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