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Glassnode: Ethereum Whale Supply Last Active 7 Years Ago Hit New ATH

While small-scale investors continue to flood into Ethereum, the supply of ETH that was last active 7 years ago remains unsold. Ethereum Whales Wallets Remain Inactive According to statistics from the Glassnode data aggregator, small-scale investors are actively acquiring Ethereum, the second largest crypto on the market, while 7.6 million ETH that were last active in 2015-2017 remain unsold. The holders of Ethereum supply who last moved their crypto five and seven years ago, i.e. in 2017 and 2015, have achieved a three-month high, according to Glassnode. This supply presently stands at 7,666,690.968 ETH ($21,557,791,247). 📈 #Ethereum $ETH Amount of Supply Last Active 5y-7y just reached a 3-month high of 7,666,690.968 ETH View metric:https://t.co/IEN283QP0E pic.twitter.com/8HecOSXB3G — glassnode alerts (@glassnodealerts) February 28, 2022 Related Reading | New Crypto Security Solution Protects Bitcoin, Other Digital Assets From Theft Small Addresses Continue To Accumulate Despite the fact that the price of Ether (ETH) has risen over 20% from its February 22 low of $2,300, data from derivatives suggests that investors remain wary. Ether’s price has dropped by 24% this year, and critical overhead resistances lie ahead. High network transaction costs have been Ethereum’s most pressing issue, and investors are growing concerned that this will continue to be an issue even after the network’s long-awaited enhancements are implemented. ETH/USD trades at $2.9k. Source: TradingView Smaller investors have been accumulating Ether in increments of 0.01 ETH, 0.1 ETH, 10 ETH, and 32 ETH, according to Glassnode. The number of wallets holding these amounts of Ethereum has reached new highs – 0.01+ coins – 21,929,193 ATH, 0.1+ ETH – 6,960,421 ATH, 10 ETH+ – 280,792 coins – one-year high. 32 ETH+ – 107,876 ETH+ – one-month high. 📈 #Ethereum $ETH Number of Addresses Holding 32+ Coins just reached a 1-month high of 107,876 Previous 1-month high of 107,860 was observed on 23 February 2022 View metric:https://t.co/rkRWanL3OS pic.twitter.com/4KA8lTQ5Vc — glassnode alerts (@glassnodealerts) February 28, 2022 Related Reading | TA: Why Bitcoin Must Close Above $40K For Trend Reversal Featured image from Pixabay, chart from TradingView.com

Decentralized Lending Protocol Adalend Listing on: ADAPad, BSCPad, ETHPad, VelasPad, PulsePad Launchpads

While cryptocurrency and blockchain technology is still relatively new, they have been rapidly growing, with companies taking advantage of this new, innovative, and disruptive technology that is reshaping many industries, namely the financial sector. The lending industry is currently a multi-billion dollar industry, with loans being provided by banks and other financial institutions to individuals and businesses alike; nevertheless, it’s been plagued by trust and transparency issues. The decentralized nature of blockchain technology has led to the rise of a new generation of financing platforms like ADALend, aiming to solve these problems by creating a transparent and trustless platform for lenders and borrowers. What is ADALend? ADALend is a decentralized lending protocol built on top of the Cardano blockchain. The project’s goal is to offer a lending platform that is more decentralized, cheaper, and faster than the traditional banking system, with a sustainable and robust infrastructure that is capable of handling large-scale lending transactions. ADALend is offering its products and services using the most up-to-date technology and the most efficient blockchain available, a model that other DeFi projects will follow in the future in order to be able to manage growth, expansion, and adoption as a mainstream alternative. The company was founded by a group of individuals interested in exploring the potential of blockchain technology in the financial sector. By creating a trustless and truly decentralized lending environment, the developers will provide people worldwide access to financial products at their fingertips, rather than going to traditional banks. Imminent IDO Launch The decentralized lending platform, ADALend, is set to launch its IDO on the 11th of March, 2022. The IDO will be available for participation on the following launchpads: ADAPad BSCPad VelasPad PulsePad ETHPad For exact conditions and rules of participation, refer to each launchpad’s terms and conditions. With the successful launch of its IDO, ADALend is moving on to its next stage in its mission to continue creating a decentralized lending ecosystem that is more inclusive and accessible to all. The platform will continue to evolve as new features are added; stay up to date by following ADALend to find out more information about the upcoming roadmap and planned future developments. Final Considerations As I mentioned at the start of this article, the lending industry is a multi-billion dollar industry. Decentralized lenders could capture this potential revenue, but only a handful of platforms have made notable moves into this space so far. Of those that have, ADALend has opted to position itself as a leader in this new financial sector paradigm that is currently being realized.

Cardano Based Acardex Commences ACX Token Seed Sale to Early Adopters

The Acardex Defi platform has begun token sales to develop the world’s largest decentralized exchange and cross-chain NFT marketplace on the Cardano Blockchain. The Acardex platform enables users to transfer native tokens and NFTs from other Blockchains to the Cardano Blockchain efficiently and seamlessly. Acardex functionalities When users join liquidity pools, Acardex allows them to become a liquidity provider on the Cardano Blockchain using the AMM protocol and generate passive revenue by collecting fees on “ADA — Cardano Native Tokens pairs.” Acardex’s development team is also developing a native assets lending protocol, which will allow users to obtain loans and pool assets for usage in various DeFi applications. The native token for the Acardex network will be $ACX, with a total quantity of 1,000,000,000 ACX. $ACX Token Use Cases Examples of Acardex use cases include, but are not limited to: ADA may be exchanged for other Cardano Native Tokens. Ability to vote and participate in the platform’s governance Swap and slippage charges, for example, can be paid. Participation in Acardex’s NFT decentralized marketplace, which is open and accessible to all. (Will be launched in Q3 this year.) Early adopters of the Acardex token will have exclusive access to NFT Drops, be able to list their NFTs, establish a price, and sell their assets on its marketplace. ACX Token Seed-Sale Details 1 ACX = 0.00125 ADA 1 ADA = 800 ACX Minimum Buy: 300 ADA Maximum Buy: 30,000 Users should only utilize Cardano native wallets like Yoroi Wallet, Daedalus Wallet, Nami Wallet, or Adalite Wallet to participate in the ongoing $ACX Seed-Sale. A complete guideline on participating in the ACX Seed-Sale will be made available. Users should keep in mind that they may only engage in the Seed-Sale via the website: https://acardex.io/seed-sale.html.

The Importance of Safety When Using Self-Custody Platforms

Safety is one of the most important topics of the crypto sphere, and with good reason. Even the most significant self-custody platforms, such as OpenSea, are vulnerable to malicious behavior and attacks. Read on to find out why security should be your number one priority, and learn from a recent, serious phishing attempt on OpenSea. What does self-custody mean? Essentially, self-custody in crypto refers to holders’ sole responsibility to handle and store their information data such as private keys. Consequently, a self-custody platform does not keep any kind of record of private keys, and thus delegates the task of safeguarding them to key owners. About the OpenSea phishing attack Phishing is a type of malicious activity that manipulates the victim into sharing confidential credentials or information, mostly by fake communication. Phishing is a serious threat even today, and it’s also one of the hardest attacks to discover, as it’s disguised as ordinary messaging. To demonstrate how real this issue is, here’s the recent case of OpenSea, one of the most important Non-Fungible Token (NFT) marketplaces of its time. According to official sources, the phishing attack influenced 32 platform users, who actually suffered damages to their holdings because of the event. The company’s CEO, David Finzer, highlighted that the attack is likely not directly connected to OpenSea’s platform, and users signed the malicious action elements somewhere else, which just underlines the significance of keeping your sensitive data safe when using a self-custody platform. Overall, while some rumors said that the stolen value was somewhere in the $200M range, David Finzer mentioned that the address, which they believe to be the hacker’s, has $1.7M to its name, which is still an outstandingly high figure. Why should safety be a priority? With the advancement of technology came the progress of hacks as well, and so nowadays, it’s more important than ever to take all the necessary precautions that aim to prevent such events. This is especially true when using self-custody platforms, since it’s the users’ responsibility to safeguard their private information, including their private keys. The reason why safety should come first is quite straightforward: the more one accumulates, the better the target for hackers, and if security is neglected, all those hard-earned funds can permanently disappear, faster than one would think. Implications of safety while trading Safety is also vital when it comes to trading cryptocurrencies, be it on a centralized exchange (CEX), or a decentralized exchange (DEX). Unfortunately, there are very few platforms out there that actually put sufficient emphasis on the topic. A great example of a DEX that ticks the box of high-level security is FOMODex, which is a multichain automated market maker (AMM), supporting Binance Smart Chain (BSC), Ethereum (ETH), and Polygon (MATIC). The platform recognized that without proper safety measures, everything else is basically useless, as results are only as good as their protection. Therefore, its team reportedly created FOMODex to be one of the most secure DEXs, despite its multichain environment and high volume of transactions. To further emphasize this, FOMODex launched as the first DEX that is regulated in the U.S., which means users’ protection is elevated, and grounds are provided for legal cases, should fraud occur. This is a remarkable achievement, as U.S. regulators are notoriously hard to get approval from. Final thoughts As demonstrated by both theory and real-world events, safety is truly one of the most overlooked, yet extremely vital aspects of dealing with cryptocurrencies. However, with next-generation platforms and users recognizing its importance, proper security will become the number one feature users look for when choosing where to conduct business in the near future.

Hacking Attacks: Ethereum vs Terra Flash Loans

It is standard for DeFi platforms to offer over-collateralized loans, in which borrowers deposit more in assets than they withdraw. Some DeFi platforms (like AAVE) support a newer type of loan, the flash loan. When a loanee takes out a flash loan, no collateral is required. This is achievable because flash loans are repaid within the same transaction that they are taken out – a smart contract is used to rapidly perform a series of transactions that result with the loanee ultimately repaying the loan.   Flash loans are atomic, meaning that they are only processed if all included transactions are executed. If they are not, they are rolled back. This enables individuals to borrow massive sums with almost no risk. It is common for borrowers to withdraw tens of thousands, millions, or even tens of millions of dollars at once, albeit for a brief period.   What Are Flash Loans Used For?   Flash loans have three primary uses: trading arbitrage, collateral swapping, and self-liquidation. Here’s an explanation of each:   Trading Arbitrage: Different exchanges may charge different prices for certain assets, opening opportunities to purchase and sell the same assets on different exchanges for a profit. This process is called “trading arbitrage”. While it can be done manually, doing so usually doesn’t yield much of a profit, since the prices of these assets usually only differ by a fractional amount. Flash loans can be used to automatically execute large arbitrage orders, quickly turning a much larger profit.   Collateral Swapping: Changing the base collateral used in DeFi loans can be frustrating and time-consuming, especially for those who diversify their collateralized assets. Flash loans can be used to quickly pay off loans in order to free locked assets, then swap those assets for others.   Self-Liquidation: If a traditional DeFi loan’s base collateral decreases in value too greatly, it will be liquidated. Meaning, collateralized assets will be sold at a discount in order to repay the loan, yielding a loss for the borrower. Flash loans can be used to self-liquidate, fully paying off the loan and withdrawing the collateralized assets without a loss.   What Are The Real Risks of Flash Loans?   Because flash loans are atomic, they are risk-reduced. However, they are not entirely risk-free. Flash loans incur network fees regardless of whether or not they succeed. This exposes loanees to front-running, in which other parties execute identical flash loans while paying higher network fees. Front-ran flash loans are processed first, often leaving original loanees with nothing but network fees to pay.   Most flash loan platforms use the Ethereum Network because it was the first major DeFi-supportive network to gain mass adoption. With Ethereum gas fees as high as they are, front-running has become a major issue for those seeking flash loans.   The use of Ethereum for flash loans poses another serious risk. Ethereum smart contracts are vulnerable to reentrancy attacks, during which hackers withdraw all funds stored within a smart contract. This is done using an external smart contract that withdraws funds multiple times before the withdrawn balance is confirmed.   Ethereum smart contracts are uniquely vulnerable to reentrancy attacks due to Ethereum’s Solidity programming language. Technical jargon aside, Ethereum smart contracts are only secure if coded in a very specific way. Minor mistakes can leave them highly vulnerable. In fact, a single misarranged line of code allowed hackers to steal USD 60 million of Ether in the infamous “The DAO” hack.   How To Avoid Flash Loan Risks   If a reentrancy vulnerability is found within the smart contracts of popular Ethereum-based DeFi platforms, flash loaners could lose millions. Needless to say, many are looking for DeFi solutions outside of the Ethereum Network. One alternative that has been gaining popularity recently is White Whale, the first cryptocurrency project to offer flash loan UST arbitrage within the Terra ecosystem.   Flash loans on Terra are much more secure than flash loans on Ethereum. This is because Terra is built using Cosmos, which powers several other popular projects like Binance Chain. Cosmos’ smart contract engine (CosmWasm) does not allow calls to external smart contracts, and Terra’s smart contract language is far more forgiving than Ethereum’s. This makes White Whale’s arbitrage system immune to reentrancy attacks.   As for frontrunning, it is an inescapable risk. The best course of action is to reduce its likelihood and the damage that it causes. Most front-running attacks are performed on the Ethereum Network by bots, which take advantage of Ethereum’s high and volatile gas prices. Switching to a network with lower and more stable network fees can greatly reduce frontrunning risk.   White Whale offers a sleek and easy web-app interface that makes arbitrage accessible to everyone.

The Evolution of Play-to-Earn Games and the Top Five Games to Look Out For

The rise of blockchain technology has led to a paradigm shift in the gaming industry. Non-Fungible Tokens(NFTs) and cryptocurrencies allow for Play-to-Earn mechanics that let players earn revenue through in-game activity, turning the traditional Pay-to-Play model on its head. The King is dead, long live the King! Play-to-Earn games are one type of blockchain game in which players earn unique NFTs through in-game advancement. In blockchain gaming, players have complete control over their digital assets. In traditional games, the player may lose access to their collectible items if the server is shut down. However, blockchain gaming allows gamers to trade their items, sell them, or potentially use them across different games. The Play-to-Earn industry is on the rise. According to Forbes, Play-to-Earn games are generating billions of dollars through transactions involving NFTs. Popular games such as Axie Infinity, owned by the Vietnam based company Sky Mavis, boast 2.5 million daily active users. Axie was the first Ethereum based NFT game to reach 1 billion USD in sales last August. The major game studio Ubisoft also incorporated NFTs in its latest release, Tom Clancy’s Ghost Recon. With the introduction out of the way, here are the top Play-to-Earn games to look out for in 2022. Apeiron A cross between god-game simulations and card-based Action Roleplaying Games (ARPGs), Apeiron has many perks that put it high on the list. Inspired by classic god games such as Populous, Black and White, and Spore, the game incorporates a dynamic alignment system that allows players to choose what kind of god they wish to be in what they describe as a “mystical and variegated universe”. One strength of the game is in its tri-token structure. Many popular NFT games have two tokens; one that serves as an in-game currency and a limited Proof of Stake governance token that acts as a company share. Apeiron introduces a third form of currency to promote high-level gameplay. The third currency rewards team play and Guild level competitions, staving off deflation with seasonal large-scale events and allowing for a dynamic economy in the late game stage. Another strength is the game’s integration into the NFT Metaverse. Apeiron has sights set to an integrated virtual world where players will be able to use their assets from other web3 projects in Apeiron. Lastly, Many popular games require the purchase of NFTs to enter the game, whereas Apeiron will be introducing a new Free-to-Play, Play-to-Earn ethos that allows for new players to join free of cost and earn their way through the game. With its solid fundamentals, forward vision, and flashy design, Apeiron has earned its spot on this list. Cradles: Origin of Species Promising to disrupt the entire blockchain gaming world, Cradles: Origin of Species is a virtual reality game that allows the player to immerse themselves, take the form of any species, and explore their vast virtual world. In addition to roleplaying features, the game allows the player to build an entropy-increasing world. Players must ensure the normal operation of the whole world ecosystem and urban area or they risk chaos and disorder. Comprised of a Main city and Adventure zone, the game promises unsurpassed freedom and creativity. The player travels between zones and through time to gain, trade and craft items to advance their character and their city. You can also be a dinosaur – a key reason why it’s made its spot on this list. BlockLords This grand strategy game set in medieval Europe allows players to create heroes, amass an army, and conquer the metaverse. Through trade, conquest, and earning taxes on sales, gamers can create in-game, player-run governments. The limited number of cities on the map ensures fierce competition among players. The game’s grand strategy outlook and stark medieval vibes earn it a definite spot on this list. Metasoccer  This game combines the lucrative worlds of video games, soccer, and sports betting to create an intriguing entry into the blockchain gaming industry. It allows two different roles for the player: owner, and manager, each with unique gameplay mechanics. It also allows players multiple paths for generating revenue. Including finishing the season on top, selling players, renting your stadium, betting, and of course, winning matches. With its popular subject matter, sleek design, and myriad avenues for earning crypto, Metasoccer is sure to make an exciting debut into the metaverse in 2022. Blast Royale This game pits players against one another in a survival-style match in which players fight using pre-selected equipment. The equipment is in the form of NFTs and is essential to determining the success of a player within a match. Blast Royale includes billions of pieces of unique equipment that players can deploy, all of which affect the performance and character of players. Players can create new equipment through two equipment pieces, repair equipment, earn experience for their equipment and upgrade equipment. Blast Royale’s metaverse allows for an infinite number of possibilities, and we are all in.

TA: Why Bitcoin Must Close Above $40K For Trend Reversal

Bitcoin is struggling to clear the $40,000 resistance zone against the US Dollar. BTC must settle above $40,000 to start a steady upward move. Bitcoin struggled to clear the $40,000 resistance zone and corrected lower. The price is trading below $39,000 and the 100 hourly simple moving average. There was a break below a short-term contracting triangle with support near $38,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major increase if there is a close above the $40,000 resistance zone. Bitcoin Price Faces Key Resistance Bitcoin price remained in a positive zone above the $38,00 pivot level. BTC even broke the $39,500 resistance level. The bulls made a couple of attempts to clear the $40,000 resistance zone, but they failed. The recent swing high was formed near $39,888 before there was a downside correction. There was a move below the $39,000 and $38,800 support levels. Besides, there was a break below a short-term contracting triangle with support near $38,800 on the hourly chart of the BTC/USD pair. The pair is now trading below $39,000 and the 100 hourly simple moving average. A low is formed near $37,028 and the price is consolidating losses. On the upside, an immediate resistance is near the $38,200 level and the 100 hourly SMA. The next key resistance is near the $38,500 level. It is near the 50% Fib retracement level of the downward move from the $39,888 swing high to $37,028 low. Source: BTCUSD on TradingView.com The main resistance is now near the $38,800 level. It is close to the 61.8% Fib retracement level of the downward move from the $39,888 swing high to $37,028 low. A clear move above the $38,800 resistance could send the price further higher. In the stated case, it could even attempt a clear move above $40,000. Dips Limited in BTC? If bitcoin fails to clear the $38,800 resistance zone, it could start a downside correction. An immediate support on the downside is near the $37,200 zone. The next major support is seen near the $36,400 level. If there is a downside break below the $36,400 support, the price might gain bearish momentum towards $35,000. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $37,200, followed by $36,400. Major Resistance Levels – $38,200, $38,800 and $40,000.

Binance Donates $10M To Ukraine And Launches Emergency Relief Fund

It is not any shock that worldwide assist for Ukraine continues to develop following the invasion by Russia. After Russia invaded Ukraine, specialists from each sector began getting fearful about worse circumstances. For instance, cybersecurity experts started answering if a global cyberwar is about to unfold. The crypto cash trade didn’t stay idle both. Binance, […]

The post Binance Donates $10M To Ukraine And Launches Emergency Relief Fund appeared first on Bitcoin Upload.

LUNA Spikes: Is It A Good Time To Buy?

LUNA is a blockchain used for launching algorithmic stable coins and is now among the top DeFi platforms when it comes to total value locked up in circulation. LUNA has been trending higher over the last few days, but it gained even more momentum over the previous 48 hours. By closing 40% greater, LUNA was among this past week’s biggest gainers. Related Reading | Bitcoin Surges to $40,000 After Breaking Key Resistance The news that Luna Foundation Guard (LFG) created a Bitcoin-denominated reserve has caused markets to react positively. This will act as an extra layer of stability and security for Terra USD, which is currently struggling with sharp fluctuations in prices due to its low liquidity status on exchanges. LFG has announced that it will be investing $1 billion towards building up its Bitcoin reserves. The best part about this news? All of LFs’ coins are locked for 4-years, which means they won’t be able to trade until after those periods. This increases investor confidence across multiple platforms, including LUNA, with demand rising accordingly. Because investors look for safe-haven assets during these uncertain times. The recent move by the US Treasury to create a Bitcoin reserve is being met with rave reviews from analysts and experts. As a result, this new development should lower price fluctuations for UST. The Mechanism  UST is a stablecoin fixed to the US dollar via an algorithm. Unlike other centralized cryptocurrencies, it isn’t backed by anything but Luuna (the company behind them). If prices fall off their peg and go lower than $1 per token, UST can be swapped for LUNA (which is minted). And can be sold for $1, providing arbitrage gains for investors. The opposite happens when demand increases; burning more luna means higher prices because there’ll be less overall supply coming into circulation. Terra’s introduction of a Bitcoin reserve could be seen as the next important step in reducing volatility within its ecosystem. This is because it reduces the correlation between UST and bitcoin.  This means that if traders want to swap out their coins for different assets, they will have plenty available with this new addition. Is It Worth Buying LUNA Now? LUNA’s price has been on an upward trend recently, and it was trading at $74.34 on February 26th, 2022. The coin increased13% in 24 hours. Related Reading | Cryptocurrency Prices Soar On Possibility Of Russia-Ukraine Talks LUNA is currently trading just below the $77.17 weekly support level, with a strong uptrend since February 24th. So keep an eye on this one – it might be time to buy more shares before they climb higher in future updates. If you’re looking to invest in crypto, buying volumes increase, and Luuna is a good bet. The altcoin has been pushing through recent resistance levels with ease. In fact, it could test prices above $90 before the end of February. With LUNA currently trading in a strong uptrend, the crypto is not too late to turn bearish. If this happens, investors should look out below $65 as support, which could signal an upcoming downtrend may be near. Featured image from Flickr, Chart from TradingView.com

Bitcoin Surges to $40,000 After Breaking Key Resistance

The fear of missing out (FOMO) was at its peak as the price for Bitcoin rose above $40,000. The cryptocurrency started a nervous weekend at around $39,000 on Feb 26 after a one-day spike briefly noticed USD 40,000 return to fame just a day ago. After a day of high volatility, Bitcoin was relatively calm on Saturday. After trading as high at $40,330 over at Bitstamp, there are now signs that the market may be stabilizing for good this time around, with more positive news coming out from Cointelegraph Markets Pro and TradingView revealing calmer situations going forward into Sunday morning’s session. Related Reading | Cryptocurrency Prices Soar On Possibility Of Russia-Ukraine Talks The fakeout phenomenon played out in the crypto markets on Friday as well. As a result, the volume was thinner than usual over the weekend. Geopolitical turmoil in Ukraine and Russia has created an atmosphere of continuing cautious sentiment amidst issues that may deliver contemporary instability on Monday. This week, the Crypto Fear & Greed Index reached a new low, remaining within the 26/100 “concern” zone. Russia-Ukraine war has caused a stir in the crypto-verse, with many traders worrying about how it may affect Bitcoin prices. However, for now, at least there seems to be some lightheartedness. We can see that even though Long Term Bears were victorious after their latest $34300 low was set versus February’s dip down into psychological territory ($32 800), trading volumes suggest an opportunity just might exist again soon enough. Analysts Reviews On Bitcoin Move The bear market may be over for now. In an interview with Rekt Capital analyst, February’s coming down from $45,500 will most likely end up being “a vital” consolidation period where traders try to get back into buying mode before things go south again. The end of this week saw a significant recovery for both Europe and U.S., as macro markets showed some stability after yesterday’s turmoil in the Asia Pacific caused by China’s economic data announcement that came out late Friday night. Related Reading | Battle Of The Hedges: How Gold And Bitcoin Have Performed With Russia-Ukraine Conflict The U.S dollar surged in power as hostilities started to increase again. Most of its beneficial properties with the USD Forex index (DXY) returning after reaching a high level around 97.7%. Top Trending Market Update Saturday, the entire cryptocurrency market seemed to be in a good place. With leading coins led by Terra (LUNA) increasing about 50% over the past week. Some late beneficial properties are still taking part in out, including for XRP. The coin was 10.3% higher over the 24 hours. Ether is on the move! An essential altcoin by market cap, ETH traded above $2,750 again today with 5.6% growth every day. And seeking valuable territory above $3,000 for sure this time around. Featured image from Pixabay, Chart from TradingView.com

The Ultra-quality of Avatars for the Metaverses Has Become a Reality

Trader Nicholas Merten called the metaverse sector the most promising direction of the crypto market in 2022. According to the analyst, altcoins from this sector have been the leaders in terms of returns for the past few months. Metaverse tokens will be able to show similar dynamics in the next year, Merten believes. The concept of metaverse has been around for a long time, but before its popularity was hindered by two factors: a weak technological base and distrust of the online environment. From a “trend” metaverse started to turn into “real life” and the needs of users began to grow with an incredible speed. The familiar 2D pictures and lack of user uniqueness became more and more of a problem. The solution to improve metaverse came from the MetaBody, forming a new market of realistic and creative avatars behind it, and some companies are already making progress in mastering it. The MetaBody is a project that provides ultra-realistic 3D avatars for use in the meta-universe and beyond. The MetaBody was established to develop high-end custom avatars, communities and tools to accompany holders in their metaverse experience. “The development of the metaverse directly depends on the quality and realism of the avatar. Unique metaverse characters, moreover with the possibility to create a custom image, is a new stage of metaverse development which really feels like real life”, – comments MetaBody Studios. The first thing one wants to see in a metaverse is a new level of quality and the universe as close to real-life as possible. The main use of the MetaBody in the metaverse. Avatars can be integrated into existing and emerging virtual worlds. However, this is not the only use, in the future, the MetaBody can be used to perform at virtual events. Avatars can hold a VR concert on their own or participate in the show of a new digital clothing collection, It is also worth noting being rendered in any surroundings and having their own social media: examples of practical use can be found on the Instagram page of user Anelie Godar. In the future, the MetaBody Studio plans to add more file formats to ensure seamless integration into emerging metaverse and other virtual worlds. A limited set of avatars will be custom and made according to client’s wishes. The MetaBody allows you to be anything you want. The MetaBody is not a trend that should take root in the realm of the metaverse. It is a step toward perfect quality unique avatars for metaverse users. The MetaBody is quickly becoming a cornerstone of Web-3.0 development and integration into future business processes, it is clear that related markets serving such traction will flourish. The MetaBody project intends to offer its users some of the most versatile and exclusive avatar collections on the market, highlighting the uniqueness and individuality of its owners.

Help For Ukraine

The Ukrainian crypto community is reaching out to its international friends and colleagues. Ukraine is actively fighting for its freedom and independence with the Russian Federation! The Ukrainian crypto community is helping the army and activists fighting on the streets of Ukrainian cities. We know that victory and justice are on our side. We’re doing everything possible so that the Russian occupiers don’t take away our freedom. The Ukrainian crypto community asks to support our country, so the whole world can stop Russian aggression! You can help Ukraine with donations in crypto and fiat. To Donate And Help Ukraine in crypto:  Unchain.Fund https://unchain.fund/ https://t.me/unchainfund Ukrainian crypto exchange Kuna https://my.kuna.io/en/kunaid-ukraine https://t.me/Kuna_official/807 Ukrainian crypto exchange WhiteBIT https://zsu.pay.whitepay.com/  in Bitcoin and fiat  Fund “Turn back alive”  (“Повернись живим”) https://savelife.in.ua/donate/   official donate  https://bank.gov.ua/ua/news/all/natsionalniy-bank-vidkriv-spetsrahunok-dlya-zboru-koshtiv-na-potrebi-armiyi Слава Україні! Glory to Ukraine! Слава Украине!   

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