Blockchain
Payfoot to Release Fan-Focused Soccer Metaverse(s) with Web3 Leader Cosmic Wire
Payfoot enlists Cosmic Wire, a leader in Web3, to help release their soccer Metaverse Ecosystem for both fans and clubs alike. The Payfoot Metaverse will be live for beta testing on the 30th of September with the launch being announced via their official social media handles https://twitter.com/Payfoot_ and https://www.instagram.com/payfoot_official/.
Payfoot is proud to release the first ever fully fan-focused soccer metaverse and ecosystem. This ultimate fan experience will also allow clubs to enter the metaverse and interact directly with their global fanbase of 4 billion people. While in the Payfoot Soccer Metaverse, fans can participate in one-of-a-kind events, clubs, team experiences, and games amplified by deep social connections as they explore the islands of their favorite clubs in the Payfoot Ecosystem.
The stadium is more than a place to watch the game now, it is a way to live the sport. Payfoot is blazing a path into Web3 immersion by releasing their metaverse and blockchain-based solution for football clubs and fans. This is not only a new way for fans to come together as a whole to celebrate the sport they love, but a new way for clubs to enhance their community, business model, and reach.
In the Payfoot Metaverse:
- Fans via their “avatar”, can meet other fans, develop friendships, share experiences, play games, and participate in events, while also gaining access to limited exclusive club offers and merchandise.
- Clubs can scale their platform and grow their fan community by bringing their organization into the Metaverse. By harnessing Web3 technology, fans from around the globe will be able to interact in new and more meaningful ways with their club and stadium on a dedicated island. All will be able to interact through an integrated social network and fabric of a true living ecosystem.
The central island of the Metaverse ecosystem is the Payfoot Island, a futuristic and ecological island, which offers a series of attractions, games, and activities related to soccer.
Virtual football competitions and leagues will be created under the supervision of the Virtual Football Association (www.virfa.net) chaired by Marco Villiger, ex-Vice President of FIFA, and with a strong involvement of the fans through governance tokens. A soccer democracy is born!
“We share the same vision with the Cosmic Wire team: we strongly believe in digital tools to bring fans closer to their clubs and offer them new experiences. The creation of virtual stadiums will allow all fans around the world, who are not lucky enough to live nearby, to participate much more actively in the life of their club. This is definitely the future, and we are proud to be leading the way, for soccer and tomorrow for other sports,” said Thibault Verbiest, co-founder of Payfoot.
Cosmic Wire builds exceptional experiences utilizing blockchain technology, and community building, including immersive and meaningful adventures. The company’s complete ecosystem offers brands, celebrities, art, and IP collectors the ability to enhance, promote, sell, and license their work. Cosmic Wire’s market advantage includes having a wholly internalized development, marketing, and sales team, allowing us to support clients from concept to close. Cosmic Wire creates immersive experiences with iconic names to expand the scale and scope of the brand and its value.
“Cosmic Wire is proud to empower and amplify Payfoot and their vision of what Web3 can be. We at Cosmic Wire are about the democratization of the space, and empowering creatives to help their visions come to life. Payfoot has a vision, and we are excited to help them bring it to the world,” said Cosmic Wire CEO Jerad Finck.
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
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Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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