Blog

  • Visa Will Help Digital Artists Leverage NFTs to Monetize Their Artworks

    Visa Will Help Digital Artists Leverage NFTs to Monetize Their Artworks

    Key takeaways:

    • Visa is joining forces with former MLB player Micah Johnson in order to launch an NFT support program for artists
    • Johnson is a prominent digital artist, famous for his creations of an animated black astronaut character named Aku
    • NFTs are a hot commodity, trading volume has increased by more than 700% quarter-over-quarter

    Financial services giant, Visa, is launching a support program designed to help artists transition to the blockchain space and sell their digital creations in the form of non-fungible tokens (NFTs). 

    Visa is partnering with former MLB player Micah Johnson to help artists participate in digital commerce

    The California-based financial services company is seeking expertise from former Major League Baseball (MLB) player Micah Jonhson, who was at the forefront of the NFT wave. After finishing his professional baseball career in 2018, Johnson has found passion in creating artwork and has quickly ventured into the rapidly growing sector of NFTs. In October 2020, Johnson sold a digital creation of an animated black astronaut character named Aku for over $120,000, which was the second priciest NFT ever sold at the time.

    Johnson’s crypto-native character, Aku, is a young Black boy who dreams of becoming an astronaut. Image Source: Micah Johnson

    Given Johnson’s experience in creating digital artwork and using NFT medium to monetize its work, Visa has decided to partner with the retired baseball player to develop a program that will give struggling artists an opportunity to “build their own small businesses.” According to Visa’s Head of Crypto Cuy Sheffield “we are at the beginning of a digital renaissance in the world of art and content creation.”

    Visa is planning to pick a number of creators from a list of applicants and help them on the journey of learning about the blockchain industry. Johnson is excited to work with Visa and has said that the selected group of artists will be armed with knowledge that will help them navigate the rapidly changing landscape of digital art.

    In August, Visa purchased a “CryptoPunk” NFT for $150,000. At the time, the company’s crypto lead said that they “think NFTs will play an important role in the future of retail, social media, entertainment, and commerce.”

    NFT space is heating up – Coinbase is getting into NFTs, FTX.US launches Solana marketplace

    According to DappRadar, an analytics company that specializes in providing up-to-date cryptocurrency industry data, NFT space generated more than $10 billion in trading volume during Q3 2021. When compared to Q2 2021, trading volume has increased by a staggering 704%. 

    Yesterday, the largest US-based cryptocurrency exchange, Coinbase, announced it will launch an NFT marketplace and compete with other companies in the space, most notably OpenSea, which is currently by far the largest marketplace. According to DappRadar, OpenSea has accumulated $8.81 billion in trading volume to date, ahead of second-place Axie Infinity’s $2.53 billion.

    Coinbase’s exchange competitor, FTX.US, has also expanded its NFT offering by adding 75 Solana-based NFT collections to its marketplace. FTX.US now allows users to partake in trading action of popular unique digital collections, such as Cyber Frogs and Degenerate Ape Academy. The exchange plans on adding Ethereum-based NFTs “soon,” according to FTX.US president.

  • Early Blockchain Inventors Celebrate 30 Years Since Inception

    Early Blockchain Inventors Celebrate 30 Years Since Inception

    United States, USA, 13th October, 2021,

    The co-inventors of the early blockchain, Drs. Stuart Haber and W. Scott Stornetta, are joining with a team of industry-leading partners to commemorate the birth of blockchain technology, its past, present, and future. It’s a tribute to the journey and the community.

    Today’s announcement marks the 30th anniversary of the public appearance of what might be called the “genesis block” of what is in fact the world’s oldest continuously running primitive blockchain, as explained here.

    The celebration will conclude on January 03, 2022, the 13th anniversary of the Bitcoin genesis block.  Bitcoin’s design, as described in Satoshi Nakamoto’s white paper, Bitcoin: A Peer-to-Peer Electronic Cash System, relies on Haber and Stornetta’s mechanism for ensuring the integrity of all of its transactions.  In fact, three of Satoshi’s eight footnotes reference their technical papers. 

    The history of the blockchain will be celebrated with a collection of NFTs that both involve and honor the founders, innovators, and thought leaders of the blockchain community. The NFTs, demonstrating the range and diversity of the blockchain ecosystem, will be auctioned through a novel mechanism and will involve a number of innovative layer-1 blockchains and their communities.

    Jason Bailey, global thought leader in NFTs and founder of Artnome.com and ClubNFT, said, “Without the work of Stuart Haber and Scott Stornetta there are no NFTs, no Bitcoin, and no blockchain. I’m thrilled that they are using this opportunity to create an NFT with the goal of unifying everyone within the blockchain ecosystem in a way that I believe only they can.”

    “Kadena is thrilled and honored to participate in Immutable Record’s celebration of blockchain,” said Stuart Popejoy, the co-founder and CEO of the Kadena blockchain and smart contract platform. “Immutable Record’s NFT offering drives the space forward with a multi-protocol approach that also exploits many of Kadena’s unique advantages such as institutional-quality provenance, entirely on-chain minting, and custom marketplaces.” 

    Haber and Stornetta concluded with “We are happy to join the celebration of the blockchain, and will be announcing the involvement of other leading layer-1 blockchains and thought leaders. Stay tuned. The best is yet to come.”

    For media inquiries please contact media@immutablerecord.com.

    For more information visit the website https://immutablerecord.com/.

    About Kadena 

    Kadena is the industry’s only scalable layer-1 Proof of Work (PoW) blockchain, featuring Pact, the safest and easiest-to-use smart contract technology. Kadena’s platform provides the world the tools and environment to turn ideas and ambitions into reality, from DeFi applications to NFT marketplaces. As the only blockchain that can scale both speed and storage limitlessly, decentralized services on the Kadena platform allows users and builders to exceed current limitations in blockchain such as high gas fees and storage constraints, and even “mint marketplaces” where exchange and trading of tokens and NFTs can be customized endlessly. Founded by Stuart Popejoy and William Martino who created JP Morgan’s first blockchain and led the SEC’s Crypto Committee, Kadena aims to allow for true blockchain mass adoption. Visit us at www.kadena.io and follow our twitter account at www.twitter.com/kadena_io to learn more.

    Contacts
    • Nir Geffen Shimoni
    • nir@betteralternatives.io
  • Binance Smart Chain Growth Fund Launch Pulls BNB to 5-Week High, Bitcoin Drops to $55,000

    Binance Smart Chain Growth Fund Launch Pulls BNB to 5-Week High, Bitcoin Drops to $55,000

    Key takeaways:

    • Bitcoin is trading in the red, while the majority of altcoins are up in the last 24 hours
    • The altcoin surge is led by BNB, which has gained 15% since Binance announced a new $1 billion fund designed to boost DeFi

    After a two-week-long rally that saw the price of Bitcoin increase from $41,600 on September 29 to $57,300 on October 12, the world’s largest cryptocurrency has today recorded a first significant drop, losing more than 4% of its value. Altcoins didn’t follow BTC’s lead, however, as most digital currencies have been trading in the green zone over the last 24 hours.

    Binance launches $1 billion Growth Fund to boost the BCS ecosystem, BNB jumps by 15%

    No other major altcoin has experienced a bigger increase than Binance’s native BNB token. Yesterday, Binance cryptocurrency exchange announced the launch of a massive $1 billion growth fund designed to stimulate the growth of the Binance Smart Chain (BSC) ecosystem. The fund is split into four different parts, with each part aiming to achieve different funding goals.

    The biggest allocation, worth $500 million, is reserved for various investments for projects on the BSC. The second largest part, worth $300 million, will go towards further funding of the existing Builder Program, which helps nascent decentralized application (DApp) projects, provides funding for bug finding efforts, and supports various cryptocurrency-related events.

    The remaining $200 million are split into two equal parts. The first $100 million will go towards talent development, namely, boot camp initiatives and scholarships. The final allocation will be used to provide liquidity to decentralized finance (DeFi) protocols in the form of liquidity rewards for selected projects. 

    Investors have responded very positively to the news of the newly launched fund, which is very apparent when looking at the BNB price chart.

    A sharp increase pulled the price of BNB to its highest level in more than a month.

    BNB had fallen to its lowest point in two weeks on October 12, before the positive news lifted the value of BNB to its 5-week high in the span of fewer than 24 hours. BNB has experienced more than a 15% upswing, having grown from $394 to $456 at the time of this writing.

    Bitcoin records biggest single-day loss since the October rally started

    For the last two weeks, Bitcoin has been on a tear. The world’s largest crypto has increased by more than 40% between September 30 and October 12, when BTC reached a new cycle high of $57,800. Additionally, yesterday’s peak was the highest value that Bitcoin has reached since May.

    The latest rally pushed BTC’s market cap above $1 trillion.

    Given the fact that BTC has been trading in the opposite direction as the majority of other digital assets over the last 24 hours, the ratio of so-called BTC dominance has experienced a relatively significant swing. 

    BTC dominance is the ratio between BTC’s market cap and the combined market valuation of other cryptocurrencies.

    BTC dominance has climbed to the highest mark in the last two months on October 12, having reached the peak value of 46.1%. Given the recent BTC’s slip and altcoin resurgence, BTC dominance has decreased by more than a full percentage point.

    Bitcoin’s recent retraction was to be somewhat expected, as there was considerable resistance at the $58,000 level. While the first level of support at $56,000 was breached with relative ease, we can expect stronger support at $53,555. To find out more about Bitcoin’s near-term outlook and learn about the key support and resistance levels, click here.

  • Nodle Grants Berty Foundation $1 Million in Nodle Cash to Advance its Privacy Communication Protocol

    Nodle Grants Berty Foundation $1 Million in Nodle Cash to Advance its Privacy Communication Protocol

    San Francisco, California, 13th October, 2021,

    San Francisco-based decentralized wireless network, Nodle grants Berty Foundation, a privacy communication protocol, $1 million in Nodle Cash in a bid to boost the development of its messaging Bluetooth peer-to-peer capabilities. The grant will be used in the development and advancement of Berty’s platform that enhances users’ privacy while chatting and sending messages across its network. 

    Launched in 2018, Berty offers its users an alternative to instant messaging platforms, providing privacy-first solutions in the messaging world. According to its website, Berty provides users with a privacy-by-default platform ensuring that messages’ security and privacy remain paramount to all users. The platform is built by Berty Technologies “using the best encryption protocol available,” the website further states. 

    Speaking on the grant, Micha Benoliel, CEO and Co-Founder of Nodle said, 

    “We are thrilled to help and support the Berty Foundation to advance its privacy-first communication protocol. Privacy is at the heart of the Web 3.0 revolution and one of the core values of Nodle.”

    The French startup does not store any of users’ data on a central server but rather on a decentralized platform despite data encryption. Additionally, on Berty only the needed metadata is actually collected, and they minimize collection to the greatest extent in the hope to create a messaging service that guarantees anonymity and confidentiality of all users. The platform targets privacy-focused groups, messaging apps, social network users, and general users looking to protect their data from third parties. 

    With the latest grant, Berty Foundation aims to extend the development of its messages’ privacy and anonymity, a statement from the team reads:

    “Thanks to Nodle for their trust, this donation represents a real breakthrough for Berty. It will allow us to move forward more quickly on our new decentralized secure messaging protocol and the ability to communicate even without an Internet connection. More importantly, it will help secure the future of our organization.” 

    The grant from Nodle, the Bluetooth Low Energy (BLE) network connecting millions of Internet of Things (IoT), will accelerate the development of Berty’s privacy communication protocol. Nodle chose the platform as it is one of the most advanced endeavors in the field of decentralized communications and reinforces the privacy values that Nodle supports in security and privacy. The two firms are planning to leverage each other’s tech or ecosystem in the future, the statement further confirmed. 

    Nodle is a citizen-powered decentralized wireless network that allows anyone with a smartphone to join the network and earn Nodle Cash crypto through its Nodle Cash app. Developers and publishers of mobile apps can also monetize their applications by installing the Nodle networking library. As the Nodle network leverages the Bluetooth Low Energy (BLE) standard, any existing BLE device or sensor can easily leverage the network.

    With the latest grant, Berty Technologies aims to achieve its vision of creating secure communication tools and fighting censorship in order to create an opportunity to connect with people all over the free world.

    About Nodle | The Citizen Network™: 

    Nodle is building the largest decentralized wireless network on Earth to connect objects and sensors that could never be connected before in a secure, low-cost, and eco-friendly manner. The Nodle Network is powered by millions of Bluetooth-enabled smartphone users who earn Nodle Cash for providing connectivity to nearby Bluetooth-enabled IoT devices and sensors. App developers and publishers have the opportunity to monetize their applications via the Nodle networking library which enables them to generate Nodle Cash for helping the network grow. Nodle’s powerful privacy-first IoT stack allows for many use cases including connecting and securing physical assets, tracking lost or valuable items, capturing sensor data, security certificates, providing decision-making insights for consumer electronics manufacturers, enterprises, smart cities, and the finance industry, and much more. The Nodle Cash app is available for iOS or Android. 

    Twitter | Telegram | Discord | YouTube | Medium | GitHub | Website 

    About Berty Technologies 

    Berty Technologies is a French non-governmental and non-profit organization. Created in May 2018, Berty Technologies’ team is located in Paris (FR) and is now staffed by 12 people, half of whom are developers.

    Berty Technologies’ vision is to create secure communication tools and to fight censorship in order to create an opportunity to connect with people all over the free world.

    Contacts

    Director of Communications

    • Daren McKelvey
    • Daren@nodle.co
  • Morningstar Ventures Commits $15 Million USD To Invest In Projects Building On Elrond Network And Opens An Elrond Incubator in Dubai

    Morningstar Ventures Commits $15 Million USD To Invest In Projects Building On Elrond Network And Opens An Elrond Incubator in Dubai

    Dubai, UAE, 13th October, 2021,

    Morningstar Ventures, the dynamic accele rator of ambitious ideas in the blockchain space, has announced a $15 million USD investment fund aimed at projects building with Elrond blockchain technology, as well as a new strategic Elrond Incubator in Dubai.

    Morningstar Ventures is a blockchain innovation firm that drives the proliferation of decentralized technologies through strategic placements in startups that it supports with funding, advisory and ecosystem building.

    Elrond Network is the internet-scale blockchain that is currently capable of processing 15,000 transactions per second and can scale beyond 100,000 TPS, thanks to its groundbreaking Adaptive State Sharding technology that enables it to scale with demand by adding new shards as needed.

    The smart contracts execution platform is carbon-negative by offsetting 25% more CO2 than its network of 3,200 Validators spread all over the world is accountable for. This makes the Elrond Network a truly sustainable, decentralized and highly performant blockchain infrastructure for DeFi, NFTs, IoT and the new internet economy.

    “Elrond’s rapidly evolving internet-scale blockchain technology is perhaps the most advanced in the space, which creates an asymmetric opportunity for Elrond to rapidly catch up with – and perhaps even surpass – the biggest blockchain ecosystems.” said Danilo S. Carlucci, Morningstar Ventures Co-Founder and Chief Investment Officer. “We’re thrilled to take this opportunity and build alongside the hardest working team and most engaged community.” 

    Morningstar Ventures is ready to mobilize significant resources to raise awareness about opportunities in the Elrond ecosystem and will invest $15 million USD into disruptive decentralized projects building with internet-scale technology.

    The first project to receive a strategic placement from the Morningstar fund is holoride, the Audi-backed extended reality media platform that seeks to add new dimensions to every car ride through the use of Virtual Reality, in-motion sensors, and haptic feedback devices, with a fair, transparent and sustainable content economy running on the Elrond blockchain.

    Morningstar Ventures’s Elrond Dubai incubator will be focused on seizing strategic opportunities for the Elrond ecosystem in the UAE and across the Middle East and North Africa (MENA) region, where blockchain technology sees rapidly growing interest at institutional and government levels.

    “The explosive growth of the Elrond ecosystem happened with an unstoppable team building internet-scale technology and an amazing community supporting them. Now, major players such as Morningstar Ventures are making significant long term commitments aimed at the rapid adoption of our tech.” said Beniamin Mincu, Elrond Network CEO. “This signals the start of the next explosive growth phase for the Elrond ecosystem, where driven builders will leverage powerful devkits to  innovate at the forefront of the blockchain Supercycle.” 

    Extraordinary teams looking to build with Elrond technology, that are at least in an advanced ideation phase, can reach out to Morningstar Ventures to apply for funding and support by sending an email at elrond@morningstar.ventures

    About Elrond

    Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

    To find out more, visit the Elrond website at www.elrond.com

    Join Elrond on Telegram: https://t.me/ElrondNetwork

    Keep up with Elrond on Twitter: https://twitter.com/elrondnetwork

    Contacts
    • Danilo S. Carlucci
    • danilo@morningstar.ventures
  • FTX.US Expands its Marketplace Offering, Now Supports Solana-Based NFTs

    FTX.US Expands its Marketplace Offering, Now Supports Solana-Based NFTs

    Key takeaways:

    • San Francisco-based crypto exchange FTX.US has started offering Solana NFTs on its website
    • The new marketplace is set to include 75 collections, with support for more coming in the future
    • Ethereum-based NFTs are “coming soon,” according to FTX.US president 

    Cryptocurrency exchange FTX.US has added support for Solana-based non-fungible tokens (NFTs) that are based on Solana’s Metaplex standard. The exchange lists 62 Solana collections and 370 collections that were minted on the FTX.US website, as of this moment. 

    FTX.US wants to compete with NFT marketplaces such as Solanart and Digital Eyes

    The inclusion of Solana-based NFTs marks the first time that FTX.US is hosting NFTs that have not been minted directly on its website. FTX.US users can now buy unique digital items belonging to prominent NFT collections, such as Cyber Frogs and Degenerate Ape Academy. 

    The company has announced the launch of the new Solana NFT marketplace on Twitter.

    Solana has been of the most successful digital assets of 2021, gaining more than 9,300%, in large part due to highly anticipated NFT sales. The NFT sale of Degenerate Apes, for instance, lasted all but 8 minutes before items were sold out, with the highest priced NFT having sold for 100,000 SOL (worth more than $6 million USD at the time).

    FTX.US plans to list 75 NFT projects in the near future, and is looking to expand its offering in the coming months. In an effort to stay in the clear with regulators, the exchange had decided to not list NFT projects that might be deemed securities, namely projects that pay out royalties.

    Solana collections can now be found next to FTX.US’s own NFT collections.

    FTX.US uses a similar approach as OpenSea, which lets users exchange NFTs at fixed prices, or by engaging in an open auction. Users can use US dollars, SOL, or ETH to purchase NFT items. 

    FTX.US president Brett Harrison’s statement on the inclusion of Solana-based NFT collections on the plaftorm:

    “With the launch of this platform, we hope to provide both US and global users with a regulated marketplace that is intuitive and responsive to their needs.”

    While the US-based exchange offers Solana and native NFT collections at the moment, FTX.US is reportedly planning to add support for Ethereum-based NFTs as well.

  • Derived Finance Completes $3.3M Funding Round

    Derived Finance Completes $3.3M Funding Round

    Delhi, India, 12th October, 2021,

    Derived Finance, a Multi-Chain Synthetics Trading Platform, successfully completed a funding round that raised over $3.3 Million across more than 30 venture funds.  Some of the biggest firms in crypto investment participated in the funding round, led by GSR and including AU21, Poolz, Nabais Capital, Dweb3, Occamfi, Genblock Capital, among others.

    The venture firms participating were enthusiastic about the value proposition of Derived, as well as the development progress made to date.  At its core, Derived takes its name from derived (or synthetic) tokens, which are representative of real tokens, stocks, or assets.    This allows traders of the assets to own them without having to hold the underlying asset, and any asset with a reliable or easily trackable price can be traded using derived tokens.  The benefit of using derived tokens is that users can gain exposure to the assets, providing leverage to trade both digital and traditional assets while still staying in a decentralised blockchain ecosystem.  

    Bharat Verma, CEO of Derived Finance, said in response to the successful funding round:  “We are thankful to all the investors who reposed their faith in us and joined the fundraiser. More than 30 Venture funds participated in the funding round, with over $3.3 million raised.”

    He added, “Together we will use the synergies to build Derived Finance, which is the next-gen Multi chain Synthetics Trading Platform.”

    With the funds raised, key features are being developed for the Derived Finance platform.  Multi Chain Support will be key for the platform to operate across a wide variety of crypto ecosystems, and the team plans to be the first and only multi-chain Synthetics trading platform. The current lineup of supported ecosystems includes Polkadot, Ethereum, Binance Smart Chain, Cardano, and Avalanche, with additional capacity planned for all major chains in the future.  Staking rewards for traders is another key draw, with the ability to receive rewards while still able to use the staked token to trade on the platform.  To support the global market, Derived will support multiple currencies, allowing users to trade in their native currency while being able to trade on global derivatives.  

    About Derived Finance:

    Derived is a Multi-Chain Synthetics Trading Platform that is leveraging the interoperability features of Polkadot to make the platform available across Blockchains. The Derived platform allows leveraged minting (up to 3x) to its platform users. 

    Derived will also be the first platform that would allow its user unique features like the ability to create and trade Hybrid Tokens and allow access to features like Binary Options, Multiple native currency support, 0% Slippage Dex with Unlimited liquidity among many others. The IDO will be conducted on 13th and 14th of October 2021.

    Contacts
    • Press
    • info@marketacross.com
  • iExec Launches Oracle Factory Allowing Anyone To Create Custom Oracles in Minutes

    iExec Launches Oracle Factory Allowing Anyone To Create Custom Oracles in Minutes

    Press Release: Using the iExec Oracle Factory, developers are able to create their own decentralized oracles with just the API’s URL and key.

    October 12th, Lyon, France, 2021 – iExec, a decentralized marketplace for computing assets, has announced the launch of the iExec Oracle Factory, a developer interface allowing anyone to create their own oracles, from scratch, in minutes, without any blockchain knowledge and directly from their browser.

    In order for decentralized applications to solve real world problems, they need to make use of real word data. Decentralized oracles play a major role in blockchain-based architectures, acting as bridges between blockchains and the real world. However, developers who want to create their own oracles need existing blockchain knowledge, and coding them from scratch can take hours. 

    iExec is releasing the iExec Oracle Factory, making oracles accessible to everyone. The iExec Oracle Factory is an interface allowing anyone to create their own decentralized oracles in just a few clicks. The iExec Oracle Factory makes possible a whole range of blockchain use cases, allowing developers to deploy oracles from any kind of data: from sport results to NFT price, from temperatures to flight schedules.

    Create Custom, Trusted Oracles in Minutes

    Several companies today offer ready-to-use decentralized oracles. With its Oracle Factory, iExec aims to fill the need for custom oracles, providing a tool allowing anyone to create not only their own oracles, but also trusted ones.

    The iExec Oracle Factory interface has been built to be as easy as possible to use:

    • With the Oracle Factory, it only takes 5 minutes and a few clicks to create a custom oracle. Usually, creating an oracle from scratch takes 1 or 2 hours to code.
    • Using the Oracle Factory, there is no need to write any line of code or even to have any blockchain knowledge.
    • The oracle can be created directly from the web browser, using the URL of the API from which the data needs to be extracted (along with the private API key if the API is not public).

    In addition to creating an oracle in minutes, the iExec Oracle Factory allows for ‘trusted’ oracles, using Trusted Execution Environments (TEE) technology. The TEE technology uses hardware enclaves to protect the API key and the data collected, ensuring they remain confidential, secure, and tamper-proof. With the Oracle Factory, iExec aims to make TEE technology accessible to all while creating an oracle.

    Once created, users have the option to share their custom oracles with the community, by including them in the iExec Oracle Factory Gallery. This Oracle Factory Gallery will list oracles created within the interface, making them accessible for other users and developers. The iExec Oracle Factory also provides preset oracles, ready-to-use, as examples for the community.

    Today, iExec releases the beta version of the Oracle Factory. There will be several upgrades of the product, to include more technical features, allowing developers to quickly implement smart contracts and deploy decentralized applications.

    Access to the iExec Oracle Factory here 

    About iExec

    iExec is a blockchain company that provides a decentralized marketplace for computing assets, allowing anyone to monetize or rent datasets, decentralized applications, and computing power. Blockchain is used to organize the exchanges between stakeholders with the maximum level of trust and security, without a centralized authority. iExec owns its native utility token, the RLC, used as the method of payment on the marketplace. The RLC token is listed on over 40 exchanges, including major ones: Coinbase, Binance, Bithumb, Huobi, and more. The company also works with renowned partners such as Intel, Google Cloud, and IBM Cloud. 

    For more about iExec and its innovative new Oracle Factory, visit their main website here. 

    Follow iExec on Twitter
    Join the iExec community on Telegram
    Read the iExec blog on Medium
    Stay up to date on Slack

    Media Contact Details
    Contact Name: Marianne Negrello (Communication Manager)
    Contact Email: press@iex.ec

    iExec is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

  • YAY Games Partners with SmartEcoSystem for their new Smartphone Release

    YAY Games Partners with SmartEcoSystem for their new Smartphone Release

    Moscow, Russia, 12th October, 2021,

     With the mobile trend sweeping over the world, more and more internet users spend increasingly larger amounts of time on their smartphones and tablets. Mobile gaming, in particular, has been a driving force behind the growth of the gaming industry, being responsible for almost 50% of the video game revenue worldwide.

    As the penetration rate of mobile and smartphone usage continues to accelerate, it is no wonder YAY Games, a decentralized gaming marketplace, has established a partnership with SmartEcoSystem company to bring an exclusive smartphone product.

    YAY Games AYYA Smartphone

    SmartEcoSystem specializes in the development and production of consumer devices operating in LTE and 5G networks. They are engaged in designing and developing relatively simple data transmission devices and complex hardware and software systems.  Currently, the company’s priority is the development of products for data transmission in LTE networks as the most widespread in Russia and the world. 

    One of the essential directions of the company’s activity is the development of smartphones under the AYYA brand with a further release on the market. The AYYA smartphone presents a unique ecosystem that opens up access to useful intelligent features for a wide range of users to make their life easier and safer. 

    But what’s more important, AYYA smartphones will be released with a pre-installed copy of Bold Point. As a groundbreaking NFT role-playing card game, Bold Point is the first flagship product of the YAY Games platform and will be released on Q4 of this year. 

    Besides the above-mentioned, YAY Games and SmartEcoSystem have also discussed launching a limited version of AYYA Smartphones dedicated to the release of Bold Point. This new model will provide users with a new level of communication security.

    “We are pleased to announce the release of a limited batch of the AYYA Bold Point smartphone. YAY Games is launching a truly innovative product on the market, which fully corresponds to our company’s philosophy. AYYA smartphone and Bold Point game represent the development of already familiar products in new directions.” 

    – General Director of SmartEcoSystem LLC Vladislav Ivanov

    YAY Games

    YAY Games provides a platform for decentralized games built on Blockchain technology. The games featured on YAY store all in-game data like achievements, objects, actions in the public domain. Thus, it’s completely impossible to twist game mechanics in favor of the administration or the players.

    YAY took the best of gaming and crypto industries by adding innovative mining game mechanics, which include the incorporation of and Non-Fungible Tokens (NFTs) tokens and Decentralized Finance (Defi) features. The platform was built to target both gamers, crypto enthusiasts, and newcomers to the decentralized gaming industry.

    Through the use of blockchain technology, YAY creates games for players to easily immerse themselves in fascinating virtual worlds, earn in-game achievements, participate in battles both against humans and computer opponents, and at the same time earn money while playing. 

    Our research-based commentary: “Based on the analysis results of the decentralized games market at the end of 2020, we realized that the threshold for entering Defi games projects is very high for ordinary users, both in terms of financial investments and in terms of technical literacy. Therefore, we decided to develop a technical platform which will allow ordinary players to get acquainted with the crypto industry and decentralized projects by creating a friendly game with a very low entry threshold.” This decision was the Bold Point. Bold Point is an NFT-based collectible card RPG game using innovative mining mechanics. Thanks to its own Sidechain technology, Bold Point allows players to dive deeper into the world of decentralized finance and crypto industry and get all the benefits of financial innovation without connecting their real wallets: in fact, Sidechain is a sandbox within the game’s circuit. 

    Bold Point

    In Bold Point, gamers will have an abundance of options. Level up your character, gain experience in battles, learn devastating skills, and improve characteristics, thereby making your character stronger enough to fight in the battle arena.

    All characters and achievements are unique NFT tokens that can be collected, bought, sold, and exchanged on the in-game NFT market. The game is based on an innovative gaming model at the junction of the Play-to-earn and Free-to-play models, where players can earn money without investing their funds to start the game or increase the value of their virtual assets.

    For such projects, Bold Point is incredibly easy to explore and play. It’s pretty easy for newcomers to enroll in the world of decentralized finance with the help of educational and game mechanics. The most friendly approach is used to start the game – upon registration, Bold Point will carefully guide you through all the necessary steps. 

    About YAY Games

    YAY is a decentralized gaming marketplace designed for gamers, traders, and farmers that merges the gaming sector with decentralized finance.

    YAY, at its core, is a gaming marketplace platform that is introducing multiple games in a decentralized way, utilizing blockchain technology to diminish the gap between games and decentralized finance.

    We bring the regular gamer into the blockchain by adding innovative in-game mining mechanics, farming pools, and non-fungible tokens to casual games. Thus, rewarding the user based on the number of games played, achievements accomplished, tournaments, and more.

    Do not miss your chance to join us on this journey through the blockchain. Follow us on Twitter, Telegram, and Medium

    Contacts

    CEO

    • Nikolay Epifanov
    • YAY Games
    • ceo@yay.games