Blockchain
Translucia Pioneers First-Of-Its-Kind ‘Multiverse Convergence’ Solution; ‘Metaverse Built for Good’ to Reimagine The Future Of Human Experiences
Translucia Metaverse (Translucia), a joint venture between MQDC and T&B Media Global, two of Thailand’s most eminent real estate and entertainment conglomerates, launched a ‘Multiverse Convergence’ solution, its proprietary LightLink Protocol (LightLink), today. LightLink is the world’s first enterprise Layer-2 (L2) blockchain built to accelerate the entry of traditional businesses into Web3. By offering a low cost and easily accessible solution to third-party metaverses, LightLink enables enterprises to enter Web3 at scale.
Powering Metaverse Multiverse Convergence
Translucia is building critical infrastructure that will integrate third-party metaverse projects to enable interoperability, allowing for ‘Multiverse Convergence’ within popular Layer-1 (L1) blockchains.
Through LightLink, metaverses created and owned by different players can interoperate as well as integrate functionalities. This opens up new avenues for commerce and collaboration between metaverse owners, furthering innovation opportunities. Simultaneously, LightLink’s ‘Multiverse Convergence’ solution addresses the endemic fragmentation of the current Web3 ecosystem, allowing end-users to seamlessly connect across the ‘Internet Multiverse’.
Teleporting Legacy Enterprises onto Web3
A world first, LightLink’s enterprise mode removes the complexity and necessity of acquiring the L1 blockchain’s native token and reduces the onboarding fees required for businesses to leverage Distributed Ledger Technology. LightLink guarantees a pre-ordained throughput across its ecosystem, ensuring stable gas fees and consistent performance.
Existing L1 blockchains have built-in decentralization and security mechanisms that generate higher transaction gas fees in tandem with market demand. As such, gas fees can increase manifold when users compete for finite resources.
Anchored on Ethereum, the LightLink Protocol leverages Ethereum’s security features while ensuring predictability and stability in gas fees. In enterprise mode, LightLink users can interact with blockchains speedily, more efficiently, and at lower costs without compromising safety.
Mr. Athid Nanthawaroon, Executive Director, Translucia Company Limited, said, “Translucia is the ‘Metaverse Accelerator’ that the world needs as we move towards a new Internet era. The present metaverse remains both abstract and fragmented; inaccessible to most legacy businesses let alone the average user.”
“Translucia will integrate various Web3 ecosystems into a single ‘Multiverse’ that helps metaverse players unify their technologies, workflow, and user experience within one standardized platform. This collaborative intra-industry approach will not only accelerate humanity’s transition into hybrid reality, but create a more accessible and inclusive Web3 for everyone,” said Mr. Athid.
LightLink is currently designed for Ethereum and Polygon and is set to enable interoperability with other prominent blockchains in the near future.
‘Metaverse Built for Good’: A Global Collaborative Effort
Translucia will tap into T&B’s significant Business-to-Consumer credentials and extensive Intellectual Property portfolio of movies, television series, animations, and media personalities to support business partners in the development of immersive User Experience for their respective metaverse projects. Translucia will also co-create the foundation and functionalities of these metaverses, from infrastructure building to economics design and the tokenization of real-world assets.
Dr. Jwanwat Ahriyavraromp, CEO and Founder of T&B Media Global, Founder of Translucia, said, “Translucia was founded with the vision to empower people who aspire to be happy. Through our ‘Metaverse Built for Good,’ we aim to balance the social, economic and environmental needs of the world. The fully realized Translucia Metaverse will be an engine that drives goodness and wellness into a holistic form of prosperity and happiness.”
“Web3 advancements can bridge the digital divide and address inequality. Industry collaboration is essential to this goal. We have laid the groundwork for a scalable metaverse platform and invite Web3 architects and traditional businesses to join us in co-creating an interconnected metaverse ecosystem that spans across partners and networks,” said Dr. Jwanwat.
Translucia will continue to advance various global partnerships, including:
- Tonomus, a leading technology enterprise powering the world’s first ecosystem of cognitive technologies;
- Impact District, a Web3 enabler of meaningful experiences and opportunities through impact-driven organizations;
- Band Protocol, a blockchain-agnostic decentralized oracle platform that connects real-world data and APIs to smart contracts;
- Animoca Brands, a world renowned blockchain company based in Hong Kong, focused on building the Web3 digital assets ecosystem via its operations and investments.
Exverse, a free-to-play game bringing a fresh take on AAA first-person-shooters to Web3, announces the launch of its native $EXVG token on ByBit, a top-three crypto exchange by volume with over 20 million users. The ByBit launch will be followed by spot listings on the MEXC and Gate exchanges. Ahead of its full alpha launch in mid-May, Exverse hosted a soft-launch tournament for 5,000 early registrees on April 15 with cash rewards for top performers.
During the last bull run, Web3 games rose to prominence under the play-to-earn mechanism that made games like “Axie Infinity” so popular. As this model became widely replicated, many of these blockchain-based games prioritized the crypto elements at the expense of the actual game aspects. This trend could be seen in practice by many titles opting to undergo a token launch before even having a working demo, disincentivizing developers to build a quality game, and leaving users with no ecosystem or functioning game to play and spend or the native currency in.
With Exverse approaching its full launch, players can earn $EXVG by performing well while using the native token to enter matches, purchase premium items, and more. The $EXVG token builds on Exverse’s extensive beta and serves as the ecosystem’s currency while the game’s community witnessed a 20 percent growth in verified signups within a month. Supporting Exverse in their token launch are prominent launchpads and incubators that include Seedify, ChainGPT, and GameFi.
To build momentum for its upcoming alpha launch in mid-May, Exverse showcased its game by holding an exclusive deathmatch-style tournament for 5,000 early wait listers on April 15. The five-day tournament, which took place on the game’s ‘Battle Planet,’ gives players a chance to demonstrate their skills and win rewards via stablecoins and tokens. With $50,000 in total up for grabs, the top 100 performers earned at least $200. Top five finishers earnings were dispersed accordingly:
1st place: $4,000
2nd place: $2,000
3rd place: $1,500
4th and 5th place: $1,000
Built using Epic’s Unreal Engine 5, Exverse utilizes blockchain technology to strike a balance between enjoyable, realistic, and immersive real-time gameplay. The game prioritizes skill over pay-2-win mechanics, enabling players to earn rewards by staking tokens before a season’s kickoff. Top performers receive a share of profits from in-game NFTs such as cosmetics and skins.
To support the ecosystem’s development, expansion, and growth while rewarding the team and its early supporters, 400 million $EXVG will be minted.
“We are extremely excited about our token launch and proud to work with a great partner like ByBit to make it happen,” says Fei Ooi Hoong, CEO of Exverse. “We worked tirelessly to develop a diverse, engaging, and intuitive first-person shooter capable of revolutionizing how the public views blockchain-based gaming. Our talented team tapped into its background in traditional gaming to develop a rich and immersive gaming experience and then strategically implemented the NFT elements and in-game economics to enhance the user experience.”
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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
The post BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests appeared first on HIPTHER Alerts.
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