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British Virgin Islands, British Overseas Territory, 23rd November, 2021,

VLaunch, a secret project launched by leading blockchain influencers MMCrypto and CryptoMo, created a metaverse-focused product that’s decentralized, multichain and has their community at the forefront. There is much to look forward to about their venture, given the track record both founders have, and it’s clear they have support from the biggest blockchain influencers in the world.

MMCrypto and CryptoMo are being firmly backed by the influencer community, who are investing in the project. The latest investors include That Martini Guy, with 117‘000 subscribers, Altcoin Buzz, with 335’000 subscribers, and Crypto Busy, with 205’000 subscribers. 

Professional investors are backing the project known as VLaunch, too. This includes Metavest Capital, a metaverse and NFT gaming-focused consultancy and capital firm that formerly invested in other leading gaming projects like Star Atlas – Bored Ape Yacht Club – Splinterlands – Nakamoto Games – Big Time – Sidus and Decimated. 

Also on board this month as investors are Altcoin Daily, Crypto Lark, The Moon Carl and Davincij15. Partnerships include the likes of hedge funds Brilliance Ventures and Hype Partners, decentralized file-sharing protocol Skynet, and blockchain marketing firm MarketAcross.

The team is moving fast and furiously, recently announcing their pre-launch listing on CoinMarketCap. According to Christopher Jaszczyski, otherwise known as MMCrypto,  “I missed out on Axie Infinity, for example, I missed out on Decentraland. Actually, I wanted to invest in the ICO back then. These things made like 100s and even 1000s of X’s … and we want to find a way – how we can get our community in completely for free… the whole space is gonna be big.” 

Blockchain was created with the vision of empowering the many and removing control from the few. That’s why community governance is such a central tenet of the many decentralized projects being born on the blockchain. Community is at the heart of what the blockchain stands for, and the massively influential characters behind this new, rather secretive project are right behind that ethos.

The VLaunch team spent the last few years educating their followers on buy and sell opportunities in the crypto markets and taught them how to read and analyze charts. Now, they are on to their next big thing, and that is VLaunch, and it seems the crypto community or Varriors, as they call their followers, are firmly behind them. 

About VLaunch

The community-powered VLaunch project will be a metaverse-based launchpad to democratize access to promising token raises. Early days, yet the project already has multi-chain support from Ethereum, Binance Smart Chain (BSC), FTM, and Matic/Polygon. The project is creating further hype by dropping free tokens to active members in the Telegram group.

Telegram:

• t.me/VLaunchCOM
• t.me/VLaunchCOMToken
• t.me/codenamevalerts

Twitter: 

• twitter.com/VLaunchCOM

Instagram: 

• instagram.com/VLaunchCOM

Contacts

• Press
• project@vlaunch.com

Madrid, Spain, 23rd November, 2021,

● The Spanish platform will keep part of their funds in the Prosegur Crypto custody solution where they will thus benefit from a new security dimension in the custody of their crypto assets.

● Prosegur Crypto is a unique model in the world. Its crypto asset custody solution integrates the most cutting-edge cryptographic technology with the most advanced physical security protocols that exist.

● Prosegur Crypto will use Bit2Me as one of its cryptocurrency liquidity providers for its clients.

Bit2Me, a Spanish company that offers technological financial services based on cryptocurrencies, will keep part of its funds in Prosegur Crypto, Prosegur Cash’s cryptocurrency custody service.

Bit2Me is configured as one of the first Spanish companies to use a maximum level of protection – both physically and digitally – for its cryptocurrencies. With this collaboration, Bit2Me once again demonstrates its innovative genetics by storing part of the cryptocurrency income of its business in the security company’s next-generation custody services.

It should be noted that the digital asset custody service developed by Prosegur Crypto is completely pioneering and innovative in the world since there is no similar crypto asset storage and management proposal on the market today. This custody solution, known as Crypto Bunker, integrates the most cutting-edge cryptographic technology with the most advanced physical security protocols that exist. It is an environment based on a 360º inaccessibility approach, which has two cold systems, six integrated security layers and more than 100 protection measures.

Thanks to this agreement, Bit2me clients will benefit from the confidence offered by having a level of custody of these characteristics.

“At Bit2Me we constantly innovate, proof of this has been the launch of the largest ICO in the history of Spain, in order to continue being the preferred platform in the market offering safe and easy-to-use solutions. We also want to bring the greatest trust to our clients by being at the forefront of security in the custody of our crypto assets. For all this, we have chosen Prosegur Crypto as the most advanced solution among all the current custody solutions that exist in the market ”, states Leif Ferreira, co-founder and CEO of Bit2Me.

“We are very satisfied that a company like BIt2Me, a leader and innovator in the cryptocurrency sector, has trusted in our custody solution. The Crypto Bunker is, without a doubt, one of the most innovative and secure solutions that exist in the world. The physical-digital combination solves real problems for many operators in the crypto ecosystem. The managers of these funds are increasingly aware of the need to have the most advanced capabilities for the protection of their assets and Prosegur Crypto responds to this need without having to address the high investments they require ”, says Raimundo Castilla, CEO by Prosegur Crypto

About Bit2Me

Bit2Me is a leader in the cryptocurrency sector in Spain, its Service Suite incorporates more than 20 solutions to buy, sell and manage virtual currencies and euros from the same place in a simple and secure way. It has private clients, professionals, and companies in more than 100 countries, has managed operations worth more than 2,000 million euros since it was born in 2015. In January of this year, FORBES magazine selected Bit2Me as one of the companies in Spain that will drive change in 2021. Since its creation in 2015, the company has received many awards in the financial sector, such as ‘World Winners’, in the international competition sponsored by Visa; ‘Best Spanish startup 2015’, by CaixaBank; ‘Best Business Model’, awarded by Deloitte; It has also been invited by the European Commission to present and debate on Blockchain technology and bitcoin on multiple occasions.

One of its first initiatives after its birth was the creation of Bit2Me Academy, which trains more than 1.7 million students each year. It is the largest cryptocurrency training portal in Spanish today, with more than 400 free articles, certified courses, and videos for those interested in knowing the birth, operation, and evolution of cryptocurrencies and the blockchain world.

About Prosegur Crypto

Prosegur Crypto is Prosegur Cash’s digital asset custody service, a world leader in the security, transfer, management, and custody services industry for 45 years.

Prosegur Crypto is the most secure and advanced crypto asset custody solution for the institutional market. The Crypto Bunker integrates the most avant-garde cryptographic and cybersecurity technology with the most advanced physical security protocols that exist. It is its own cold and ultra-safe environment based on a 360º inaccessibility approach. An unreachable space for the storage and management of crypto assets that incorporates two cold systems with six integrated security layers and more than 100 protection measures.

Prosegur Crypto clients can manage their assets through a management platform that allows agile and secure asset management, is customizable according to the use and security needs of each client and has functionalities with advanced OTC trading services and other derivatives of Defi (Staking)

Contacts

• Carlota Hernández
• carlota.hernandez@prosegurcrypto.com

Singapore, Singapore, 22nd November, 2021,

SYN CITY is the Mafia Metaverse built for the crypto era. 

Co-founded by Roy Liu, ex-Head of Business and Marketing of TRON, and Mihai Pohontu, ex VP of Samsung and Disney, the project features a team of gaming and tech veterans from Disney, Ubisoft, Roblox, EA, Gameloft, Google, and Twitter, boosted by an $8M investment co-lead by Twitch co-founder Justin Kan and Zynga China’s co-founder Robin Chan’s Goat Capital, A&T Capital, Alex Pack’s Hack VC, Animoca Brands, Spartan Group, Project Galaxy, iAngels, Superpower and many other super angels including Synthetix’s Jordan Momtazi, Terra’s Do Kwon, CMC’s Luke Wagman, Superfarm’s Elliot Wainman, Alex Becker, Coinlist’s Paul Menchov, Illuvium’s Kieran Warwick, Santiago R Santos, and many more. 

“Mafia and underworld syndicates is one of the few evergreen genres among all the entertainment products worldwide. In the startup world, we also call ourselves whatever mafia or syndicate to show that we are a close group of advocates with strong consensus. After spending over 10 years in gaming and over 3 years in crypto, it’s a no-brainer for me to combine the knowledge of the two and start my metaverse career building a mafia metaverse.” says Roy Liu. 

SYN CITY introduces the unique governance system called Mafia-as-a-DAO or MaaD. Users can form their own syndicates to play together and earn together, by earning through events, investing in the business and ecosystem, or participating in the governance. 

The new mafia metaverse will also be free to play to everyone. “It’s not fair to ask people to pay $1000 hard-earned money before they can play or earn from the game. This is the crypto era and we want everyone to have an equal right to be able to play and earn.” says Roy Liu. “If Call Of Duty can become F2P, why can’t crypto games.”

“We think the metaverse that SYN CITY is building is super exciting.” says Robin Chan, General Partner of Goat Capital. “When I was GM of Asia at Zynga, we witnessed the global phenomenon of Mafia Wars which influenced the whole generation. SYN CITY is here to lead the paradigm shift of the mafia metaverse”.

To celebrate the genesis launch of the community, the first 10,000 SYN CITY members on the discord server (discord.gg/syncity) can participate in a huge Mystery Mafia giveaway hosted by well-known celebrities. 

About SYN CITY

SYN CITY is the Mafia Metaverse with a cutting-edge gaming engine, bridging the gap between real-world NFT utilities and DeFi functions. Displaying a stylized take on the world of modern syndicates, SYN CITY takes this concept a step further by making the game Free to Play — Play to earn, and truly making the Metaverse more accessible by introducing the revolutionary MAFIA as a DAO (MaaD) system. Players can grind in daily events, PvE, PvP, and Syndicate events such as cross-chain tournaments. The game is developed by a team of industry experts from Disney, Ubisoft, Roblox, EA, Gameloft, Google, Yahoo, and Twitter. 

Website: https://syn.city

Discord: discord.gg/syncity

Telegram: /t.me/SynCityHQ
Twitter: twitter.com/SynCityHQ

Contacts

• Press
• marketing@syn.city

Zug, Switzerland, 22nd November, 2021,

One of the original creators of DeFi is aiming to fix one of the industry’s most pressing problems.

When Bancor launched the first-ever DeFi liquidity pool in 2017, the project’s founders saw a tragic flaw in their invention: That when a token rises in price, investors are prone to lose money, fast. The issue, known as “impermanent loss”, costs users billions in crypto gains each year. Today, more than $20 billion staked in liquidity pools is affected.

Bancor released a solution in late 2020 that fully protects users from impermanent loss by insuring against the risk at the protocol level. Now, one year later and with over $200 million earned by Bancor depositors in the last 10 months, the project is gearing up for the release of its third protocol version. Like its predecessor, Bancor V3 will fully protect users from a risk that threatens to undermine the core tenets of DeFi.

Impermanent loss (IL) is the risk that liquidity providers take in exchange for fees they earn in liquidity pools. If IL exceeds fees earned by a user when they withdraw, it means the user has suffered negative returns compared with simply holding their tokens outside the pool.

“Due to the complex nature of impermanent loss, only a small handful of the most active and sophisticated users are able to reliably hedge against the risk and minimize its impact on their DeFi earnings,” said Nate Hindman, Head of Growth at Bancor.

“If staking in liquidity pools is only profitable for the most advanced users, liquidity is likely to become concentrated in the hands of far fewer actors, reducing DeFi’s resistance to censorship and manipulation,” Hindman said.

A recent study on impermanent loss conducted by crypto consultancy Topaze Blue found that around 50% of users staking their tokens in Uniswap V3 are suffering negative returns. In certain pools, the percentage of users who lost more from IL than they gained in trading fees was as high as 70-75%.

Impermanent loss is known as a silent killer in the industry, since it is difficult for users to notice it. The value of a user’s holdings in a liquidity pool may rise if the composite tokens increase in price, creating the illusion of profits. However, compared with simply buying and holding the staked assets in the contributed amounts, the user may still be incurring losses.    

To shed more light on the issue, Bancor and DeFi analytics provider APY Vision recently teamed up to launch il.wtf. The site allows users to input their Ethereum wallet address and see how much cumulative IL they’ve suffered in their lifetime, and which pools have burned them the most. Users who share their IL on Twitter with the hashtag #BancorBailouts qualify to receive $1000 in relief. One recent post revealed a $400,585 loss from providing liquidity to 27 pools. 

The push to expose users to the perils of impermanent loss and the risk it poses to decentralized liquidity markets comes as Bancor is preparing to release its upcoming V3. Core contributors will unveil the key features on a community YouTube livestream on November 29th at 8:30pm EST.

“Bancor V3 is designed to make decentralized finance as simple and safe as possible for everyday users,” Hindman said. “The soul of DeFi is on the line. We must prevent DeFi from becoming a playground for the rich and connected to extract value from protocols and dump on everyone else — and this starts with fixing liquidity pools.”

About Bancor Protocol

Bancor is the only decentralized staking product that allows you to earn money with single-token exposure and full protection from impermanent loss. Bancor generates millions in fees per month for users who deposit their tokens in the protocol, offering up to 40% APR on tokens like ETH, WBTC, LINK, USDT, MATIC & more. Bancor is owned by its community as a decentralized autonomous organization (the BancorDAO).

Learn more about Bancor Safe Staking

Learn more about Impermanent Loss

Contacts

Head of Growth

• Nate Hindman
• nate@bancor.network

Singapore, Singapore, 22nd November, 2021,

Justin Sun, founder of TRON, won the auction of Alberto Giacometti’s most influential sculpture Le Nez at the price of $78,396,000 and later donated it to the APENFT Foundation. Giacometti’s “Nose” in the Macklowe Collection, can be seen representing postwar existential angst that was voiced by Jean-Paul Sartre, a friend of the artist. The piece shows a head suspended within the bars, the nose further extending beyond the confines of its prison. The features of the sculpture reflect the chassis, barrel, and handle of a gun. “Nose” is considered to be one of Giacometti’s most iconic art pieces. The piece, which was featured as part of the Macklowe Collection auctioned by Sotheby’s, was the second most expensive work of the first half of the collection auctioned on November 15th, hitting the middle of the $70-90 million expected range.

The purchase comes on the heels of other high-profile bids by the blockchain entrepreneur back in March and April. Sun has been the confirmed buyer of Andy Warhol’s “Three Self Portraits”, “Femme Nue Couchée au Collier” by Pablo Picasso, Beeple’s “Ocean Front”, and a collection of NFTs from Pak. These works have been minted into TRON’s TRC-721 NFT format and are now featured as part of the works underlying APENFT’s native NFT token.

After successfully acquiring “Le nez”, Sun made an announcement on his Twitter that he will be donating “Le Nez” to APENFT in hopes that people can be inspired and appreciate the art piece on both online and offline channels. 

APENFT has made a name for itself by transforming famous artworks into non-fungible tokens employing the TRC-721 and ERC-721 token formats with help from the Bittorrent File System (BTFS). Now, it is expanding its audience and marketplace’s reach within the non-fungible token universe after listing on OKEx’s exchange. Besides spot trading support for the NFT/USDT pair, OKEx’s Earn feature will deliver NFT staking for an estimated 50% annual percentage yield (APY).

This development follows other noteworthy milestones for APENFT, including the unveiling of the $100 million Art Dream fund in collaboration with TRON to foster growth within the non-fungible token ecosystem. The fund is designed to guide and provide all-around support for artists exploring the possibilities of non-fungible tokens. Now that Sun has minted Le Nez as an NFT and donated it to the fund, it has shed new light on the potential of NFTs.

Commenting on his acquisition and the plan to contribute the NFT to the Art Dream fund, Sun notes, “We truly believe that blockchain technologies can play an instrumental role in delivering greater support for creators and artists, not to mention art enthusiasts and collectors. We want to put art back in the hands of the people, and our collaboration with APENFT is a part of that journey. Demand for non-fungible tokens is strengthening, and that this trend is by no means a passing fad. We are truly honored to be a part of this historic effort to revolutionize the art experience.”

About TRON

TRON is dedicated to accelerating the decentralization of the internet through blockchain technologies and decentralized applications. Founded in September 2017 by Justin Sun, the company has delivered a series of achievements, including MainNet launch on May 2018, network independence on June 2018, and TRON Virtual Machine launch on August 2018. July 2018 also marked the acquisition of BitTorrent, a pioneer in decentralized services boasting over 100M monthly active users.

Website |Telegram |Medium |Twitter |Reddit

About APENFT

APENFT is backed by the underlying technology of the Ethereum and TRON blockchains with support from the world’s largest distributed storage system BitTorrent File System (BTFS), to deliver the mission of registering world-class artworks as NFTs on the blockchain. NFT, as the sole token issued by APENFT, is a decentralized digital currency developed in compliance with the ERC-20/TRC-20 protocol and serves as a proof of stake of the foundation. NFT holders can vote, share profits and participate in community governance.

Contacts

• Anjali George
• press@tron.network

London, England, 22nd November, 2021,

Public blockchain Zilliqa has secured a $1.1 million partnership with NFT music platform Token||Traxx , with the goal of making the music industry more equitable and rewarding.

The high-performance network, which is committed to being carbon-neutral by 2022, aims to position itself at the center of the music creator economy by leveraging blockchain and NFTs to incentivize artists and satisfy fans. The partnership is not Zilliqa’s first foray into NFTs; the protocol powers platforms like Mintable, Unicutes, play-to-earn platform DeMons – to name a few. 

By tokenizing the music creation process, Zilliqa’s new partner will open up exciting engagement opportunities which include the evolution of royalty payments, rights ownership and playlists, elements found on Spotify and Apple Music but now turbocharged through distributed ledger technology. Token||Traxx is helmed by award-winning producer TommyD and former Warner Music chairman Miles Leonard.

“With Token||Traxx, we’ve got a powerhouse of a team that draws expertise from music and entertainment, technology and business,” said Zilliqa CEO Dr. Ben Livshits. “Together, I believe we’re capable of making the music industry more rewarding for everyone by leveraging the benefits of blockchain.”

The terms of the new partnership include a combined injection of $1.1m from both Zilliqa as a company and its co-founder Max Kantelia, who added: “Token||Traxx has created a game-changing model that will enrich the value chain of music creation, consumption and collection. Music has always been a passion of mine, and now I get the opportunity to see a new layer of it unlocked with my other passion: blockchain. 

“I’m thrilled to see that tokenization is being applied to millions of music fans around the world. Looking forward to kicking off what will be a harmonious collaboration between Zilliqa, Token||Traxx and myself!”

By teaming up with Zilliqa, the music NFT platform will gain instant access to the former’s reputable, secure, and scalable protocol known for its low-cost minting and modest gas fees. The first permissionless blockchain and smart contract platform to be built on sharded architecture, Zilliqa is capable of processing thousands of transactions per second.

“There is an intricate and symbiotic relationship between the music community’s creators, curators and collectors,” says Miles Leonard. “Their unique roles are all coordinated through the implementation and love of music. The Token||Traxx platform, through this partnership with Zilliqa, will allow these three essential roles to work and profit together, using a new income stream that rests on NFT technology.”

“NFTs are the foundation of our future, with functionality that can redefine and enhance the value of music,” Leonard predicts. “We are confident that Zilliqa’s industry-leading solution in blockchain technology will bring music fans closer to this space.”

About Zilliqa

Zilliqa provides highly-performant, scalable, and secure blockchain solutions for enterprises and decentralized applications. Developed through academic research, Zilliqa is helmed by a team of experienced scientists, leading engineers, financial services specialists, and venture creators. Driven by the mission to catalyze and transform digital infrastructures across global communities and industries, Zilliqa’s technology has served as the backbone for use cases across the arts, asset securitization, content creators and the influencer economy, decentralized and open finance, digital advertising, financial services, incentivized marketing, and sports. 

Contacts

• Aparna Narayanan
• aparna@zilliqa.com