Connect with us

Blockchain

Stepping into a virtual real estate ecosystem with Etherland

Republished by Plato

Published

on

Traditionally, buying or selling a house or any piece of land is an exhaustive process that involves consulting a cadaster or publicly displaying the sale. While the cadaster itself is a centralized method of registering all information regarding a piece of land, it is not a universal method.

It can be said that some of the methods used by the real estate industry are obsolete and bringing decentralization and digitization to it using NFTs on blockchain technology and IPFS is the main goal of Etherland.

NFTs or Non-fungible Tokens are cryptographic tokens that are mutually unique and not interchangeable, basically, it is data that is stored on a blockchain that cannot be replaced by anything else.

While NFTs have been around for quite some time, their functionality has been gaining popularity in art, games, music, collectibles, and real estate recently. IPFS (InterPlanetary File System) is a peer-to-peer network used for storing and sharing data in a distributed file system.

Source: Etherland

Etherland is using NFTs on a blockchain along with IPFS to increase real estate visibility, promotion, buying, selling, and verification by adding a second layer to the World Metaverse and its Estatepedia.

The team behind Etherland came up with the concept of a comprehensive registry system bridging the gap between the real and the virtual worlds through the creation of its own metaverse modeled on planet Earth. The main goal of Etherland is to create a real ecosystem with the help of their fungible ELAND token and NFT LAND IDs.

Etherland’s mission

Etherland’s mission is to create an immutable digital identity on their blockchain for every real estate on the planet. They want the owners to provide their users (and the owners) with control over the information about the property and get verified, adding this extra layer of data digitally would provide the users with information that can be used as legal evidence.

Anyone around the world can become a part of this Metaverse, even if they are not a real estate owner. All a user needs to do is to create a LAND ID token of a place and upload valid information which would be then verified by Etherland before approving the creation of the LAND ID.

LAND IDs and Estatepedia

As mentioned earlier, every real estate listed on the platform will have a unique LAND ID which would allow users to represent any place in the world be it their own estate or a famous monument, in a secular and fully decentralized manner. All of these would be listed on the blockchain as an NFT in the form of the LAND ID (ERC-721 token).

The LAND ID itself displays the country, type of terrain, infrastructure, city, and number of additions on the type of infrastructure. For example, the Pyramids of Giza would have the cadastral number EG.L.M.G.1 which stands for Egypt/landmark/Monument/Giza/1. Along with the LAND ID photos, videos, coordinates, all other important information about the place is also listed on Estatepedia.

Source: Etherland Marketplace

The Estatepedia is Etherland’s marketplace wherein every listed place has its own page with details such as its map localization, real estate data, wiki website content along with visuals and videos. Estatepedia uses IPFS and the Ethereum blockchain together as a decentralized way of storing and exchanging this information.

Etherland is opening its marketplace for its users where they can now create their own LAND IDs with just a few good quality pictures, description, and a video which is then checked and verified by the team at Etherland.

The ELAND token and its use cases

ELAND is an upgraded ERC-20 blockchain protocol used on the Etherland platform and it can be used for gaming, data storage, green projects, and real estate applications. Some of the use cases of the ELAND token are,

  • A means of purchasing unique tokens that mirror real-world places
  • Crowdfunding and Reward Ethical Green Projects and Real Estates
  • As a reward for stalking NFTs
  • Creating and securing immutable ERC20 token on the blockchain
  • Gameplay and promotional reward for participating in the building of the World Metaverse
  • As entry fee for platforms and products that user’s access

ELAND would be used to interact with the platform on every level and when new LAND IDs are minted and added to the marketplace. The token is available on Uniswap and PancakeSwap and can be traded on Bilaxy. The ETH/ELAND pair’s orders can be analyzed on Dextools.

AR mode and Green Economy model

Source: Etherland

The Etherland mobile application is aiming to bring a 3D Augmented Reality mode for users which would be linked to their Land Identification Tokens (LAND IDs). The users will get the opportunity to receive NFTs directly to their Ethereum wallet if they catch the corresponding AR. A user or property owner can also validate their ownership using the same process.

To do its bit for the environment, Etherland plans to reward users who provide an Energy Efficiency Rating and its Environmental impact certificate with Carbon Credit Rewards.

Every property based on land and registered with a LAND ID on their marketplace is eligible for this reward, one which will be credited in ELAND to the linked with the LAND ID. The ratings range from D to A, the closer to the A rating, the higher the reward.

Source: Etherland

Final word

The Etherland project is promising, one that aims to solve the problem of real estate owners and buyers alike by integrating the real and the virtual world into blockchain technology with the help of NFTs and IPFS.

Etherland is not just limiting itself to listing real estate, but also opening up the market to users who would want to see iconic monuments all over the world and become part owners of these digitally.

They have a lot of new features in the pipeline such as Augmented Reality models that would be available on their mobile apps, or an updated marketplace with listings all around the world to cater to their growing userbase.

Etherland is taking the first step towards creating a virtual world that rests as an overlay on the real world and its users have a chance to be a part of this virtual ecosystem.

For more information, check out their website

Disclaimer: This is a paid post and should not be treated as news/advice

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/stepping-into-a-virtual-real-estate-ecosystem-with-etherland

Blockchain

Bitcoin Cash Price Analysis: 10 April

Republished by Plato

Published

on

The correlation between Bitcoin and Bitcoin Cash stood strong at 0.729, showing a positive correlation between the prices of the two (denominated in USD). Bitcoin Cash saw some bullish news in recent weeks when it was announced that merchants that have integrated PayPal will be able to accept payments in BCH.

Bitcoin Cash 12-hour chart

Bitcoin Cash Price Analysis: 10 April

Source: BCH/USDT on TradingView

Bitcoin Cash was once again near the $670 resistance level. Further on lies the $750 resistance level, while support is at the $600-$610 area.

A leg upwards could be exactly the thing that has been brewing in the markets over the past month. Bitcoin and Ethereum have been unable to break past the stubborn resistance at $60k and $2000 respectively, suffering a sharp pullback before recovering. The positive sentiment around the market has been building for a few weeks now and could propel prices higher in the weeks to come.

The technical indicators showed that BCH has shifted back toward bullish momentum over the past two weeks, after dropping to test the $480 support level.

Rationale

Using the Elliot Wave Theory, the move from $220 (October) to $500 (January) appears to be the third wave in a series of five waves for BCH – and that wave also saw BCH register larger gains than the other two motive waves.

The move from $750 to $480 would then be Wave A of the corrective phase – and the recovery from $480 being Wave B. If this is indeed so, then BCH is unlikely to push past $750 once again.

The OBV showed that although buying volume was present, it has not yet made up for the selling volume seen since the drop from $750. This has to change if the bulls are to drive prices toward $800.

The RSI climbed back above neutral 50 to denote bullish sentiment.

Conclusion

A surging Bitcoin often sees market participants exchange altcoins for the king of crypto. This scenario would likely see coins such as BCH stagnate while Bitcoin soars. The $660 and $750 remain key levels of resistance and a move above them will invalidate the corrective phase scenario laid out in this analysis.


Sign Up For Our Newsletter


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/bitcoin-cash-price-analysis-10-april

Continue Reading

Blockchain

How Ripple’s big win in court correlates with XRP’s 113% rally

Republished by Plato

Published

on

The bulls ride again on XRP’s side, as the token breaks about $1. On the legal subject, things seem to be going well for Ripple’s corner as rumors of an SEC settlement grow louder.

Back in December, the Commission hit Ripple Labs, executive Brad Garlinghouse, and Chris Larsen with a lawsuit for the alleged illegal sales of an unregistered security. In the coming month’s XRP’s price plummeted, exchanges delisted it, some investors lose faith.

As reported by lawyer Stephen Palley, Garlinghouse and Larsen scored a victory yesterday when Magistrate Judge Sarah Netburn rule that “discovery seeking 8 years of financial records along w/ subpoenas to 3d parties seeking same were too broad”.

Palley classified the decision as a “nice early win” by the defendants but is still skeptical about it being an indication for a resolution on the case. Palley added the following:

Winning a motion for a protective order on discovery doesn’t usually portend victory on the merits of the case itself. It depends. And the Court left open the possibility some of this could revisit later, if there are reasons to check veracity.

On the other hand, Galaxy Digital CEO Mike Novogratz said Ripple’s “equity is trading” at up to $3 billion in valuations on a secondary market. Novogratz speculated on the possibility XRP is rallying due to rumors of a possible settlement in the lawsuit.

Last February, the parties ruled out a settlement in a joint letter. However, the negotiations took place under the Commission’s previous directive. Gary Gensler is expected to be confirmed by the Senate and his more pro-crypto stance to have a positive influence on the legal process. Novogratz said:

Ripple equity is ‘trading’ in secondary market at $2-3bn valuation.  The $XRP on their balance sheet is worth approx $70bn. One price seems wrong. If XRP price is saying settlement coming, the equity is crazy cheap.   If not, the token seems expensive.   Thoughts?

Commenting on Novogratz’s statements Palley said there is no “public” indication a resolution is coming soon. The lawyer classified this subject as “inside” information and claimed a settlement will come after summary judgment practice. Palley added:

I don’t know how one can correlate price itself to settlement unless someone has inside information about potential SEC settlement/resolution and ability for exchanges to re-list for trading. Ripple has done better than I expected so far in preliminary motion practice and discovery fights, but there’s a long way from that to case resolution.

XRP in moon mode

Those who hold on to their tokens have been rewarded. XRP is trading at $1,32 with 29% profits in the past 24 hours and the biggest weekly rally in the crypto top ten with 113%.

Ripple XRP XRPUSDT
XRP on a bullish run in the 24-hour chart. Source: XRPUSDT Tradingview

Trader Kaleo said XRP is yet to reach its top and seems bullish on current price action. Comparing it to the 2017 bull-fun, the trader said XRP’s price quickly reach $2.45 when it broke the $1 mark. In the current rally, there is “way more capital” and fuel for the price to extend the bullish momentum.

In the last 24 hours, investors in South Korea are increasing XRP buying pressure as shown by the high trading volume in Upbit and Bithumb, two major exchanges in that country.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.newsbtc.com/news/how-ripples-big-win-in-court-correlates-with-xrps-113-rally/

Continue Reading

Blockchain

Chainlink, Aave, Decred Price Analysis: 10 April

Republished by Plato

Published

on

Chainlink moved within an ascending channel but a breakdown did not seem likely at least in the short term. Aave remained below its 200-SMA, while Decred was expected to break south from its ascending channel after touching $200.

Chainlink [LINK]

Source: LINK/USD, TradingView

Chainlink’s current price was at a crossroads on the 4-hour chart. On one end, a climb above $35-resistance on the back of a bullish broader market would likely boost LINK above its ATH of $36.9. The other end would see LINK move below the bottom trendline of its ascending channel.

A bearish divergence on the MACD did lead to a pullback, but the price was still within the confines of an ascending channel. If the fast-moving line does cross above the signal line, a breakdown can be avoided over the coming sessions. The RSI pointed north from 54 but was expected to fall towards the oversold zone after forming another peak in the upper territory. A breakdown would highlight $28.6-support, but the same could go as low as $24.4.

Aave [AAVE]

Source: AAVE/USD, TradingView

While Aave has attempted a recovery after the late February pullback, gains have been largely capped by a strong resistance line of $422.7. Another stubborn form of resistance came from the 200-SMA, a line that has subdued Aave’s attempt at a bullish comeback. At the time of writing, the candlesticks were below the 200-SMA and the bulls faced an uphill task to take control of the market.

The OBV moved flat over the last few sessions. On a whole, selling volume has outmatched buying volume since mid-February. The ADX pointed south from 26 as the price approached its long-term moving average. Even if the price does move north, failure to flip $422.7 to a line of support could lead to a breakdown once again. Support at $300 could cushion any losses seen during the mid-long term.

Decred [DCR]

Source: DCR/USD, TradingView

On the 4-hour timeframe, Decred moved within an ascending channel after a pickup from $175.7-support. Since the last two weeks, this has become a recurring theme for DCR. Ascending channels have led to a minor pullback but the bulls have swiftly negotiated them and maintained an upwards trajectory. Going by the same logic, a minor pullback was expected if the channel peaks at a psychological level of $200.

The $195 region could offer some support but a fall towards $175.7 was also likely in case of a sharper sell-off. For now, the RSI was in the process of forming its third peak in the overbought region and a reversal can be expected soon after. Meanwhile, bullish momentum was gathering according to the Awesome Oscillator.


Sign Up For Our Newsletter


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/chainlink-aave-decred-price-analysis-10-april

Continue Reading
Blockchain2 days ago

XRP Price Analysis: 08 April

Blockchain3 days ago

Decentralized oracle solution Umbrella Network adds Huobi as validator node

Blockchain2 days ago

$48B Asset Manager Millennium Management Dabbles With Bitcoin

Blockchain2 days ago

Binance Smart Chain Daily Transactions 200% More Than Ethereum’s

Blockchain2 days ago

America’s Second-Oldest Bank State Street to Enable Crypto Trading on its Platform

Blockchain2 days ago

Polkadot Price Analysis: 08 April

Blockchain3 days ago

Digital yuan campaign planned for contested island in the South China Sea

Blockchain2 days ago

Bitcoin exchanges just saw massive Tether stablecoin deposits

Blockchain3 days ago

Tesla’s landlord accepts crypto; will Elon Musk pay rent in Bitcoin?

Blockchain3 days ago

Why JP Morgan’s CEO calls Bitcoin regulation a “serious issue”

Blockchain3 days ago

Bitcoin Miners Hit Jackpot as Hash Rate Peaks Again

Blockchain3 days ago

Miners are hoarding Bitcoin from record daily earnings

Blockchain3 days ago

Crypto sentiment falls even as Bloomberg tips Bitcoin will hit $400K

Blockchain3 days ago

Revolutionizing the crypto-market in India with CryptoBiz exchange

Blockchain3 days ago

Tendermint acquires B-Harvest, creator of Cosmos-based Gravity DEX

Blockchain4 days ago

CoinMarketCap removes South Korea crypto exchanges from Bitcoin price tracker

Blockchain3 days ago

Ontology’s cross chain DeFi lending platform Wing is now live on Ethereum

Blockchain3 days ago

Phemex Launches OTC Trading, Enables Crypto Purchase with Bank Transfers

Blockchain2 days ago

Man Gets 12 Years in Prison After Trying to Buy Lethal Chemical Weapon With Bitcoin

Blockchain2 days ago

Cardano’s Anti-Counterfeit Solution Sees First Successful Implemetation

Trending