LONDON–(BUSINESS WIRE)–$BULT #Bullit—Bullit Technology is delighted to announce the rollout of its products on the Theta Network. Theta has been at the forefront of the new wave blockchains and is the ideal partner for us as we gradually move from a centralised system into a decentralised one. Our System Bullit is offering a public, cloud-based […]

The post Bullit Enhances Offering with Theta Network appeared first on Fintech News.

When Facebook changed its name to Meta it claimed to be pivoting toward its next level of social engagement inside the metaverse - an immersive 3D environment where multiple people share virtual space. Mark Zuckerberg envisions a world where anyone can access the metaverse to interact with others in real time in a multitude of applications from convening for work meetings to attending concerts without having to be present in a physical location.

However, 77% of consumers are against Facebook owning metaverse data, with 87% preferring a metaverse on the decentralized blockchain, according to a new survey of 1,000 U.S. consumers commissioned by Advokate Group. This sentiment was even more pronounced among Gen Z respondents who were 10% more likely to prefer a blockchain metaverse than their Millennial counterparts.

This clashing of opinion on metaverse ownership conjures debate over the primary function of metaverses and what are our realistic expectations? 

What Will Be Done in the Metaverse?

The number one activity consumers are pursuing in the metaverse is gaming followed closely by socializing with friends, according to the survey. More than half (55%) expect to spend 3 or more hours a day in a metaverse.

When it comes to making money in the metaverse, over 93% of respondents want to make real money that can be transferred outside their games and said it would be the top feature requested of a metaverse. Another highly requested feature is the ability to transport between games without leaving a metaverse.

Is There Money to Be Made in the Metaverse?

Play-to-earn was a major interest of those surveyed, as 93% would game more if they could make minimum wage playing. Nearly two thirds (63%) would play 3 hours more per day if they could make money. Shockingly, 11% would play 7 more hours a day and 87% would switch to full-time gaming if they could get paid. 

Though many metaverses are vying for attention, one of the most promising metaverses is soon to be released on Solana, which is ideal since it is the fastest blockchain in the world and — not surprisingly — has the fastest growing ecosystem as well. 

This metaverse called MetaGaia was founded by MIT alumni with backgrounds from Blackstone, BlackRock, Sony-Ericsson and Wells Fargo. MetaGaia participants will be the first to play-to-earn game, socialize, shop brands and buy virtual real estate. 

Game developers from Final Fantasy, Zynga, Walt Disney and Ismole are rolling out the first play-to-earn game on MetaGaia called HexaHero, which enables players to buy, breed and sell NFT Hexas and NFT Heros. Players use Hero avatars to pilot Hexa robots in one-on-one battles with other players. 

The company is dropping its first of three NFT collections starting today. 

When is the metaverse coming?

Those who get an early start building their metaverse empires will likely be rewarded with inexpensive land, characters and other NFTs that rise exponentially in value. 

But for the masses, many believe metaverses will take time to become mainstream. One in five (20%) believe they will be mainstream 1-2 years, while nearly half (49%) believe it will take 3-6 years. 

While Zuckerberg's vision of the metaverse equates to his greater control over social media, most in the metaverse are amassing characters and land on the blockchain far from the reach of Facebook. 

Philadelphia is on the verge of following in the footsteps of Miami, Austin, and New York City by teaming with CityCoins to build crypto for the city of Brotherly Love. Mayor Jim Kenney of Philadelphia has welcomed the idea, told the government news site Statescoop that his office is ‘excited about the prospect of donations from a CityCoins program to target big problems in the city.’  On January 31, Philly’s Chief Information Officer and apparent Bitcoin (BTC) advocate Mark Wheeler stated that Philly is ready to cooperate with CityCoins. CityCoins is a software application on the Stacks (STX) blockchain that assists local administrations in creating their own coin. All the transactions on Stacks settle on the Bitcoin Network. CityCoins are already being used by New York City and Miami to expand their treasury reserves. Thirty percent of STX tokens mined are transmitted to the city’s wallet, where they are sold for USD and deposited into the city’s treasury.  On February 1, Wheeler said in an interview that the city would start formally assessing CityCoins to ensure that any potential partnership they build together conforms with existing cryptocurrency rules. Wheeler addressed the environmental issue of adopting a program that uses a Proof-of-Work blockchain, such as Bitcoin, as an environmental concern. He emphasized that CityCoins does not require customers to use any additional hardware, which could cause environmental damage. On February 1, he told Statescoop:  “I think we can simply say, This isn’t Bitcoin and it’s not requiring new servers to be set up and it’s not requiring intensive energy use. I think that’s a valid, verifiable statement.” Wheeler stated that the city of Philadelphia would attempt to incorporate blockchain technology into its government. He got the idea for the campaign from the city of Miami. Last August, Miami debuted its MiamiCoin with CityCoins to help the city raise revenue, which Mayor Francis Suarez stated could be used to cover all of the city’s residents’ tax burdens.  Last November, New York City partnered with CityCoins to establish the NYCCoin. NYCCoin miners, like MiamiCoin miners, get paid in STX and BTC for supplying the city with tokens. Austin, Texas, has also partnered with CityCoins, however, mining is yet to begin.

The post Philadelphia is Teaming with CityCoins to Target Urgent Problems in the City appeared first on Cryptoknowmics-Crypto News and Media Platform.

Many artists have joined the race to release digital products exclusively in the form of NFT and have earned a lot of profits. But Kanye isn’t into it. The appeal of NFTs does not appear to be restricted to the field of art; it appears to be spreading across a variety of industries that value [...]

The post Celebs Are Rushing In NFTs, Well…Not Kanye West appeared first on Blockonomi.

Finovate kicks off its African-American History Month commemoration with a conversation with Rodney Williams, co-founder of SoLo Funds. Along with company co-founder Travis Holoway, Williams was named to Cause Artist’s “40 Social Entrepreneurs to Watch for in 2022.” SoLo Funds is a mobile lending platform that brings borrowers and lenders together for peer-to-peer microloans – Read more...

The post Bridging the Gap: A Conversation with Rodney Williams of SoLo Funds appeared first on Finovate.

The product caters to employers seeking to attract the best talent by offering payments in bitcoin.

OnJuno, the crypto app helping Americans receive their paycheck in crypto, has announced an integration with ZenGo, a multichain crypto wallet app with keyless recovery and 24/7 in-app customer support. This integration provides OnJuno users with a secure, accessible way to get paid in digital assets without fear.

ZenGo supports all current OnJuno assets, Bitcoin, Ethereum, and USDC, while storing a slew of other cryptocurrencies as well, such as DOGE, LUNA, and UST. 

Setting up a ZenGo wallet is easy, and the two companies are offering a $50 ETH or BTC bonus when users receive their first direct deposit of $250 or more. Users can start by creating an OnJuno account with the referral code ZENGO before receiving their banking numbers and deciding what percentage of their paycheck to convert to crypto. Finally, users can choose the ZenGo wallet during the sign-up process and set up a direct deposit straight to it.

“OnJuno sits at the sweet spot between crypto & banking. We believe that in order to reach a future where transactions are primarily in crypto, we need to first bridge the gap between TradFi & DeFi. Hence, we are striving to enable as many crypto native users to easily use their crypto for their day-to-day transactions and keep more & more of their total wealth in crypto. We are excited to announce this partnership with ZenGo, which is the first step towards achieving that goal. We are already in the works to announce many more partnerships with wallets across the DeFi space,” said Jack Knutson, Head of Partnerships at OnJuno.

"Getting paid in Bitcoin and Ethereum is now easier than ever. Thanks to ZenGo's integration with OnJuno, Americans can finally get an unparalleled way to get simply paid in crypto and invest, control, and recover their funds like never before,” said ZenGo CEO Ouriel Ohayon.

###

About ZenGo

ZenGo is the multichain crypto wallet for everyone. Buy, trade, and earn up to 8% interest on Bitcoin, Ethereum, and 70+ other crypto assets with unbelievable simplicity and bulletproof security. ZenGo is known for its legendary, 24/7 in-app customer support and its keyless MPC technology that gives you full control over your crypto, but is always recoverable. More on ZenGo here: https://zengo.com

 

About OnJuno

OnJuno has an ambitious vision to power the next wave of billion crypto users by helping them invest, earn and save cryptocurrencies right from the safety of an FDIC-insured checking account. OnJuno's core feature, “get paid in crypto”, is currently backed by Sequoia, Polychain, Consensys and #Hashed. The team built the Nuo protocol, one of the earliest lending platforms in DeFi. Nuo was the first to introduce contract wallets and meta transactions to simplify the user experience. Nuo had processed over $100 million in margin loans and was one of the top five protocols on DeFi pulse in early 2019. Today, the same team is passionately building OnJuno - an app used and loved by employees from Apple, Google, Amazon, and crypto natives alike. By seamlessly converting paycheck to crypto and enabling crypto spending in the real world, OnJuno gives its members the financial freedom they deserve. More on OnJuno here: https://onjuno.com

OnJuno Team Contact

[email protected]

Paying employees in bitcoin offers several benefits and there are numerous desirable payment attributes for remote workers.

How to cash out your SLP and other coins that you have when you do play-to-earn? Here is a guide for Filipinos.

The post How to Cash Out Earnings from Play-to-earn Metaverse Games appeared first on BitPinas.

The crypto sphere is expanding. Bitwage, a global Bitcoin payroll provider, announced that it has launched a new platform for its new users.

Elevate Brands announced today its “Cash or Coin” acquisition program and integration with Coinbase Prime. As per industry observations, Elevate Brands is always looking for ways to make its acquisition and operating processes more efficient. They announced today that they would be integrating with Coinbase Prime to receive payment in bitcoin or other cryptocurrencies. It should help them conserve money by not having upfront costs when acquiring products from the Amazon marketplace. This innovative new strategy enables Elevate to capitalize on opportunities in the crypto space and offers investors unprecedented access. Ryan Gnesin, CEO of Elevate Brand, said; “We’re excited to be at the forefront of Amazon’s new digital age, and we believe that cash or coin will make it easier than ever for consumers who want access into cryptocurrencies” He further added; “Integrating with Coinbase Prime gives us an edge in bringing our brands closer towards achieving this goal.” Nick Eary sold his company last year to Elevate. He will receive his bitcoin payouts next month. Sellers who get paid directly through the Coinbase Prime account benefit from lower fees or high volume limits and can access features not available on other platforms. Nick said with excitement in an interview about Elevate’s first crypto payee: “When I sold my business, I had planned to allocate some of the funds to bitcoin. The fact that I could be paid in crypto instantly through Elevate made investing a much simpler process.” Elevate Offer Bitcoin Payouts For Referral Program  In a move that could be the start of many more crypto-based incentive programs, Elevate has recently introduced its new referral program. Anyone who refers a business to Amazon that they successfully acquire is eligible for up to $500K in cash or equivalent blockchain-based cryptocurrency (i.e., Bitcoin). Empowery ECommerce Cooperative received the first referral payout in Bitcoin. Empowery founder Steve Simonson stated that Elevate’s Cash or Coin Program came at just in time. In his words, “Luckily we found the perfect way to learn more about cryptocurrency. We know it will be an exciting year, with many changes already happening. So we decided on Coinbase Prime as our crypto holder.” Elevate’s team is making waves in the Amazon market. The company, which has rapidly grown its portfolio of private-label goods through deals and acquisitions over last year alone, has raised $370 million from leading global institutional investors and acquired 32 brands at a pace of 3-4 per month. The firm has grown by more than 500% since it opened its second headquarters in Austin, Texas. Elevate Brands is a company that specializes in launching products on Amazon. They are currently ranked among the top 100 sellers of all time, and own 32 private label brands, including Sqribble bedding accessories for millennials. Featured image from Pixabay, chart from TradingView.com