Blockchain
Looking Glass Labs’ Subsidiary House of Kibaa Conducts Alpha Demo of Origin Metaverse at Miami NFT Week
Looking Glass Labs Ltd. (“LGL” or the “Company”) (NEO: NFTX) (FRA: H1N), a leading Web3 platform specializing in non-fungible token (“NFT“) architecture, immersive metaverse environments, play-to-earn tokenization and virtual asset royalty streams, is pleased to announce that Jason Nguyen, Chief Creative Officer of LGL, and additional members of the House of Kibaa (“HoK“) studio team conducted an early-stage demonstration (“Alpha Demo“) of the Project Origin metaverse for conference attendees of Miami NFT Week from April 1-3, 2022. Through the use of a virtual reality headset at HoK’s booth, attendees were able to experience the Alpha Demo, which took the form of a digital tour of art galleries featuring selections from Mr. Nguyen’s personal NFT collection.
The Alpha Demo was an opportunity for LGL to share the Project Origin experience with interested people as well as to provide more information about its recently announced sale of Pocket Dimension land parcels within Project Origin scheduled for April 16-17, 2022. Specifically, the Alpha Demo gave people the opportunity to explore three separate galleries by toggling through various 3D-ready NFT avatars via the menu system, walking around and experiencing different hyper-realistic environments. Beyond being an exciting experience, the key purpose of the Alpha Demo was to show the proof-of-concept for Project Origin’s ability to dynamically load NFTs into three virtual art galleries, over two separate blockchains (Ethereum and Polygon).
HoK is currently developing the Project Origin metaverse ecosystem and digital distribution service. The studio is striving to provide users with a spectacular 3D world in which to create, share, learn, and prosper within while providing opportunities for people, communities, creators and companies to engage in a hyper-realistic environment. All of the Company’s current NFT collections have been 3D-rigged for Project Origin. By connecting their wallets to Project Origin, users will be able to access advanced features and engage with the NFTs and the communities in new ways:
- PLAY – Mini-games and activities will be personalized based on the NFTs they own;
- TRADE – Real-time NFT swaps will be able to be carried out, similar to trading cards;
- EARN – Earning coins and rewards in the environment will provide more incentive to engage; and
- ENGAGE – Communities and creators can engage on a new level by hosting live events and providing a new level of communication.
The Project Origin metaverse is being designed with a focus on hyper-realism and state-of-the-art utilities. Users, communities and companies will be able to engage in a premium digital space that will be enjoyable and immersive. With 20 planned environments inspired by the real world, Project Origin will function as the ultimate portal to the next generation of metaverse experiences. Additionally, Project Origin is being designed with HTML5 interoperability so that brands can utilize their existing web experiences and existing design teams can work to quickly provide engaging displays in the world.
The conference was created to bring people who are both involved in and new to the NFT industry and to bridge conversations about DeFi and Blockchain technology, workshops, panels, pitch competitions, creative installations, and immersive art and performance.
Management Commentary
“It was a privilege to address attendees as a speaker during Miami NFT Week and it was also a thrill to show a small sample of our Project Origin metaverse via the Alpha Demo to many people for the first time. Miami NFT Week was a great opportunity to interact with countless members of the Web3 community as part of Miami Tech Month overall,” said Jason Nguyen, Chief Creative Officer of LGL. “I believe that we made a strong impression on a lot of industry leaders with our metaverse ecosystem and I look forward to even more people experiencing our hyper-realistic virtual world once the sale of Pocket Dimension land parcels is complete on April 17th and Project Origin becomes functional this year,” added Mr. Nguyen.
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
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