US investors realized 6X more crypto gains in 2021 than next country
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Crypto investors from the United States realized crypto gains nearly six times higher in total than the UK, the second highest country in terms of realized gains.
According to a report by Chainalysis, crypto investors in the US accrued a record $46.9 billion in realized gains throughout 2021, leading the rest of the world by a wide margin. The US is followed at quite some distance by the UK at $8.1 billion and Germany on $5.8 billion.
Total realized cryptocurrency gains 2021: Chainalysis.
The report comes as global cryptocurrency adoption continues to gain widespread traction. The US witnessed a massive increase in adoption and realized gains, with the total estimated gains for 2021 up 476% from $8.1 billion the year before.
Special mentions were given to countries that outperformed their “traditional” economic rankings. Despite Turkey being globally ranked as number 11 by GDP, the country was ranked at number six when it came to realized crypto gains.
China was one of the only large nations that did not see the same massive gains as other countries. In 2021, China’s total estimated realized cryptocurrency gains stood at $5.1 billion, up from $1.7 billion in 2020, which equates to year-over-year growth rate of 194%. However, this is still impressive growth considering the extensive crypto bans that were progressively enacted in China in 2021.
China’s result pales however besides other countries such as the UK and Germany which saw a respective 431% and a 423% increase last year.
Related: What is driving institutions to invest in crypto? BlockFi’s David Olsson explains
Another notable trend was the increase in total gains from Ethereum (ETH), which saw ETH investors around the world cash out a total $76.3 billion, beating out Bitcoin (BTC) as the highest realized earnings crypto asset in 2021. Bitcoin inventors still performed well however, with the global crypto investing community securing $74.7 billion in gains throughout 2021.
Ethereum Could Stage Strong Rally If It Clears This Key Resistance
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Ethereum gained pace above the $3,080 resistance against the US Dollar. ETH price could continue higher if there is a clear move above the $3,150 resistance.
Ethereum remained well bid and climbed above the $3,080 and $3,100 levels.
The price is now trading above $3,080 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $3,080 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must clear $3,130 and $3,180 to start another increase in the near term.
Ethereum Price Remains Supported
Ethereum remained well bid and extended increase above the $3,080 resistance. ETH even broke the $3,130 resistance zone and settled above the 100 hourly simple moving average.
It even spiked towards the $3,180 level and traded as high as $3,172. Recently, there was a downside correction below the $3,130 level. Ether price corrected below the 23.6% Fib retracement level of the upward move from the $2,880 swing low to $3,172 high.
The price tested the $3,050 support zone and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $3,080 on the hourly chart of ETH/USD.
On the upside, an initial resistance is seen near the $3,130 level. The next major resistance is near the $3,170 and $3,180 levels. A close above the $3,180 level might start a strong upward move in the near term. In the stated case, ether might rise towards the $3,250 level. The next major resistance could be near the $3,280 or $3,320.
Dips Supported in ETH?
If ethereum fails to gain pace above the $3,130 level, it could start a downside correction. An initial support on the downside is near the $3,080 zone and the trend line.
The first major support is near the $3,060 level and the 100 hourly simple moving average. The next major support is near the $3,025 level. It is close to the 50% Fib retracement level of the upward move from the $2,880 swing low to $3,172 high. If there is a downside break below the $3,025 support, the price could start another decline.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is now gaining pace in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 level.
Catering to the need for Metaverse Development with its Experience and Expertise – Press release Bitcoin News
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press release
PRESS RELEASE. Mohali, India, April 21, 2022: Amidst the rapidly growing popularity of metaverse, and global giants like Facebook, Microsoft, Gucci, Louis Vuitton, and more tapping into the metaverse world, Antier Solutions is helping businesses to ride the wave with its diligently-crafted metaverse development services.
The metaverse gained exposure and momentum in October when Mark Zuckerberg rebranded Facebook to Meta and shared his vision to create an immersive virtual world where people can interact as avatars.
According to Nishant, CTO of Antier, “Web 3.0 and metaverse are poised to redefine the internet. They will pave the path for a persistent 3D environment where the movement across places and interaction with people will be as easy as in the real world.”
Antier Solutions provides a host of offerings – including consulting and development services – to help businesses harness the potential of Web 3.0 and launch their metaverse. Antier’s team of skilled metaverse developers, 3D artists, and game designers follow a coherent roadmap to navigate the metaverse development journey while achieving the following milestones en route:
Choosing a theme: Each metaverse project is based on a theme, such as Game, EduTech, Spiritual, and more. The subject matter experts at Antier guide businesses to choose the right theme based on their ideas.
Building Land NFTs: Given that every metaverse project requires Land NFTs to host its virtual building, Antier’s seasoned engineers build Land NFTs, or any other type of NFTs required, to strengthen the metaverse ecosystem.
Building an NFT Marketplace: An NFT marketplace is a vital component of the metaverse. Antier’s engineers build world-class NFT marketplace platforms, as a part of the metaverse development process, to enable the users to buy and sell a variety of NFTs seamlessly.
Creating a storyboard: Antier’s creative minds create a comprehensive, self-explanatory storyboard explaining the user journey and their navigation across the platform. It serves as a blueprint of the working of the metaverse platform.
Economics: For those who are new to the world of the metaverse, or even to business, Antier’s professionals deliver complete assistance and consulting services to help them understand and seize revenue generation opportunities.
Delivering an MVP: The team at Antier delivers a minimum viable product based that is consistently scaled and improved as per user feedback and technology evolution.
The size of the global metaverse market is USD 47.48 billion and is expected to grow to a whopping USD 678.8 billion by 2030. The growth of the metaverse will accelerate the growth of cryptocurrency. The testament to the same is the fact that meta coins collectively surged to 164 percent in just 12 hours on 31st October 2021, when Facebook rebranded itself to Meta. While MANA, the native token of Decentraland metaverse, jumped 400 percent to an all-time high, Sandbox’s native token, SAND, witnessed a remarkable growth of 300 percent.
Antier believes that companies need to heed the call of change and those who act now will gain an essential competitive edge.
“20 years ago, many organizations wondered if they needed to take their offerings online. Fast forward to today, this question looks quaint as each company that went digital augmented its operations, products, and sales. With metaverse, similar questions are doing the rounds – Does a physical environment need to be smart? Do enterprises need to care about metaverse? The answer is – Yes. The potential is huge and enterprises that capitalize on the metaverse opportunity will position themselves as leaders.”, Nishat added.
The end-to-end metaverse development services offered by Antier Solutions are a great way for beginners and innovative leaders to tap into the metaverse market and ensure a smooth-sailing journey – from development and deployment to launch and marketing of the metaverse platform.
About Antier Solutions
Antier Solutions is a leading blockchain development company that aims to “decentralize the world”. The company provides a host of offerings, from crypto exchange and wallet development to customized blockchain development, tokenization, and crypto-friendly banking platform development.
Antier is driven by the motto to adopt ingenious technology solutions to stay ahead of the change. With this belief, Antier has expanded its offerings to cater to the burgeoning NFT market and metaverse market. Given Antier’s real-world experience and expertise in delivering metaverse projects, Antier is positioning itself as a reliable metaverse development company.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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$19.2 Billion in Staked Assets — Liquid Staking Solution Lido Set to Surpass Curve’s TVL – Defi Bitcoin News
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While the total value locked (TVL) in decentralized finance (defi) hovers just above the $214 billion mark, a defi protocol called Lido has been moving closer toward taking Curve’s top spot in terms of TVL in a defi protocol. Currently, the liquid staking solution Lido has $19.2 billion in staking assets derived from five different blockchain networks including Ethereum, Solana, Terra, Polygon, and Kusama.
Lido’s Staked Assets Represent Close to 9% of the $214 Billion Locked in Defi
According to defillama.com, there’s $214 billion total value locked in decentralized finance at the time of writing. Presently, the largest defi protocol in terms of TVL size is Curve Finance, the decentralized exchange (dex) platform. Today, Curve dominates the pack with $20.71 billion and a dominance rating of around 9.67%, according to defillama.com statistics on April 20, 2022.
Defillama.com statistics recorded on April 20, 2022.
As far as TVL in defi protocols is concerned, Curve has led the pack for weeks on end, but the liquid staking solution Lido may take the reins soon. Lido’s TVL, at least according to today’s defillama.com metrics, is $18.97 billion, up 16.02% over the last 30 days. Lido has seen significant usage because the defi protocol allows Ethereum, Solana, Terra, Polygon, and Kusama users to use their staked assets to gain yield on top of yield.
Defillama.com statistics recorded on April 20, 2022.
So if a user decided to bond Terra’s LUNA into the token called BLUNA, they would exchange LUNA for BLUNA to start getting staking rewards. Meanwhile, in addition to the bond stake, BLUNA tokens can also be used in pools, to earn even more rewards from the bonded tokens. The same can be said about other networks like Ethereum, as Lido’s staked ether (STETH) commands the 18th largest market capitalization out of 13,671 cryptocurrencies. Lido staked solana (STSOL) is the 193rd largest market cap, and BLUNA is the 22nd largest on Wednesday.
Lido Finance statistics recorded on April 20, 2022.
While defillama.com notes that Lido’s TVL is $18.97 billion, it only accounts for four of the blockchains that Lido uses for staking. Polygon is missing from defillama.com’s metrics, and according to Lido’s stats on April 20, 2022, there’s $19,220,700,179 staked among 99,606 stakers. Lido stats show $10.6 billion from Ethereum, $8.21 billion from Terra, $363 million from Solana, $3.3 million from Kusama, and $13.8 million stemming from the Polygon network.
3.9%, 23.9% APY Depending on Chain Rewards and Skipping Validator Lock-Ups
According to current staking estimates, Lido’s Ethereum staking solution is the lowest with a 3.9% annual percentage yield (APY), while Kusama’s is the highest at 23.9% APY. While Lido is touted for its ability to double stake assets, there are some defi liquidity pool providers that take the reward from Lido staking services, and Lido warns users this can be the case.
One particular benefit of Lido is people can skip using a validator lock-up period (although there is an unbonding period) because they can sell their bonded tokens on the open market. Choosing this route, however, the user will lose the fee associated with the dex swap and roughly 1-2% in value depending on the bonded token.
Lido Finance is considered a “staking company,” and there are a number of staking companies in the industry. Today, there are staking companies such as Kyber Network, Celer Network, Blockdaemon, and more. Lido, however, has an enormous amount of value locked today across five different blockchains and in recent times the total quantity of staked assets has swelled exponentially.
What do you think about the liquid staking solution Lido? Let us know what you think about this subject in the comments section below.
Jamie Redman
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Bitcoin climbed further above the $42,000 level against the US Dollar. BTC is showing positive signs and might rally further above $42,200.
Bitcoin remained well supported above the $41,000 and $41,100 levels.
The price is now trading above $41,500 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $41,050 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might start a strong upward move if it settles above the $42,000 resistance zone.
Bitcoin Price Gains Pace
Bitcoin price extended increase above the $41,500 resistance zone. BTC even cleared the $42,000 resistance zone and settled above the 100 hourly simple moving average.
A high was formed near $42,235 before the price started a downside correction. There was a move below the $41,500 pivot level. The price even spiked below the $41,000 level, but it found support near the $40,900 level.
A fresh base was formed and the price is now back above $41,500. Bitcoin climbed above the 50% Fib retracement level of the recent decline from the $42,235 swing high to $40,900 low. It is now trading above $41,500 and the 100 hourly simple moving average.
There is also a key bullish trend line forming with support near $41,725USD pair. An immediate resistance on the upside is near the $41,725 level.
The 61.8% Fib retracement level of the recent decline from the $42,235 swing high to $40,900 low is also near the $41,725 level. The next key resistance could be $42,000. To start a strong upward move, the price must settle above the $42,000 zone and then clear $42,230. If the bulls succeed, the price could rise towards the $43,200 resistance zone.
Dips Supported in BTC?
If bitcoin fails to clear the $42,000 resistance zone, it could start a downside correction. An immediate support on the downside is near the $41,250 level.
The next major support is seen near the $41,000 level and the trend line zone. A downside break below the trend line might send the price to $40,750 or the 100 hourly simple moving average.
Technical indicators:
Hourly MACD – The MACD is slowly gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $41,250, followed by $41,000.
Major Resistance Levels – $41,725, $42,000 and $42,500.
Binance embarrassed after unveiling swastika-like emoji… on Hitler’s birthday
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Binance, the world’s largest cryptocurrency exchange, released a new Binance Emoji on Twitter that users noticed bore a striking resemblance to a swastika.
On Wednesday morning, Binance CEO, Changpeng Zhao (CZ) retweeted Binance’s original post, adding “#binance” to show off the new emoji.
The original posts, which have since been deleted, were quick to do the rounds on Twitter in the form of screenshots, where users immediately began criticizing the resemblance .
Smaller Twitter account, Nftshare posted about it to their 300 followers which gained more than 6000 likes and hundreds of retweets, saying that “The new Binance emoji is a literal swastika” while other large accounts on Crypto Twitter rushed to make jokes about Binance’s gaffe.
Compounding the mistake, users also pointed out the fact that April 20 also happened to be Hitler’s birthday. Most didn’t assume that Binance was making an intentional reference to the Nazi party, nor did they assume the error was as a result of celebrating cannabis day 4/20 a little too enthusiastically.
After initially deleting the tweets from its own and CZ’s Twitter pages, Binance backpedaled by taking the emoji down and making a public apology nearly eight hours after the incident first went viral.
Binance told its 8.4 million followers that the error was obviously really embarrassing. “We’re not sure how that emoji got through several layers of review without anyone noticing, but we immediately flagged the issue, pulled it down, and the new emoji design is being rolled out as we speak.”
If I was the worlds largest cryptocurrency exchange, I would just not make my logo a swatiska on Hitler’s birthday
While being quite blunt in his criticism of Binance, crypto-critic Bennet Tomlin tempered his attack by saying that the people working on the logo may not have had the cultural knowledge to understand how it could have been misinterpreted.
The swastika symbol — which is synonymous with Nazism in the west — was originally used as a symbol for divinity and spirituality by many ancient East-Asian religions and remains a familiar sight on temples across countries like Japan.
Square Enix Insists on Integrating Blockchain Elements Into Its Games – News Bitcoin News
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Square Enix, the Japanese gaming company, is pressing on with its vision of integrating blockchain elements into its games. In a recent interview, president Yosuke Matsuda talked about the importance of user-generated content and the advantages that allowing this kind of development, as well as introducing blockchain-based self-sustained economies, might bring to the future of the gaming industry.
Square Enix to Double Down on Blockchain and Autonomous Content
Square Enix is doubling down on its business plan of including blockchain elements in its games in the not-so-distant future. The company, which had already made plans to make a robust entry into the blockchain gaming world, seems to now be interested in using these tools to create self-sustaining economies in gaming worlds.
Yosuke Matsuda, president of Square Enix, reiterated the compromise that he and the company have to deliver some of these experiences in the future in a recent interview given to Yahoo News. To Matsuda, user-generated content is very important, and he insists on rewarding creators of this content directly with some kind of game currency. He stated:
By utilizing technologies such as blockchain instead of relying on good intentions, if incentives are given to those who have contributed to the development, there is a possibility that content with innovative fun will be born from the user’s ideas.
This inclusion of user-generated content would also ostensibly help create games able to thrive outside the hands of the original developers even after original support ends, if there is sufficient interest from third-party creators.
Not the First Time
This is not the first time that Matsuda has expressed his take on the future of gaming and cryptocurrency elements. In a new year’s letter in January, Matsuda revealed how he thinks blockchain might change how players and builders can be part of gaming experiences in a more immersive way.
On how to achieve this immersive engagement, Matsuda stated:
It is blockchain-based tokens that will enable this. By designing viable token economies into our games, we will enable self-sustaining game growth.
However, Square Enix has been rather conservative when it comes to designing a game featuring franchises such as Final Fantasy or Kingdom Hearts around blockchain and token mechanics. In fact, Naoki Yoshida, director and producer of Final Fantasy XIV, denied any possibility of including NFTs in the game in February.
Other Japanese companies, such as Sega, have also been ambivalent when it comes to NFTs. While the company announced back in January it might scrap NFT experiments if seen by players as a money grab, it also hinted at their possible inclusion as part of its “Super Game” framework.
What do you think about Square Enix’s take on blockchain in user-generated content monetization? Tell us in the comments section below.
Sergio Goschenko
Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.
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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Bitcoin Suisse adopts decentralized Liquity as lending product
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Bitcoin Suisse has begun offering decentralized finance (DeFi) services to its clients with the addition of the Liquity protocol to its product lineup. It allows customers to post Ethereum (ETH) collateral in the protocol to mint and borrow the Liquity Dollar (LUSD) stablecoin.
In an announcement on April 20, Bitcoin Suisse said it will perform all smart contract interactions and system monitoring on its client’s behalf and allow the borrowed LUSD token to be exchanged into any fiat currency.
Bitcoin Suisse is a centralized crypto and financial services company founded in 2013 and based in Switzerland which offers services such as trading, custody, lending, and staking of cryptocurrencies to mostly institutional investors.
Liquity is a DeFi borrowing protocol launched in April 2021 which allows users to post Ethereum collateral into its smart contract and borrow its native LUSD stablecoin at a 0% interest rate. Liquity currently has over $1.1 billion in total value locked into its contract.
CEO of Bitcoin Suisse Dr. Dirk Klee said the firm was proud to take a “significant step” towards offering decentralized solutions to its clients:
“DeFi offers significant improvements over traditional financial services by being more open, more transparent, and more competitive.”
Launched as a pilot stage and Bitcoin Suisse says it’s only available to a select and “very small number” of its clients with the borrowing amount set above $500,000.
CeFi is making DeFi its new rails. This is just the tip of the iceberg. Keep an eye on this, people! https://t.co/YfB3Zg21Qk
DeFi is becoming a particular interest to both the crypto sector and traditional finance with the current total value locked (TVL) across the ecosystem nearing $215 billion according to DeFi Llama, not far from its $254.8 billion all time high on December 2nd 2021.
Related: The many layers of crypto staking in the DeFi ecosystem
Centralized platforms are increasingly using DeFi infrastructure by either offering a central way to access decentralized services, or by backing their products with DeFi smart contracts or liquidity.
In March, Binance added functionality for use of the decentralized exchange (DEX) PancakeSwap from within the Binance app, integrating the DEX onto its centralized platform. In the same month it also launched an updated blockchain bridge, allowing assets to be bridged from any blockchain.
Australian based finance app Blockearner backs its “Yield Account” product promising a 7% APY with DeFi lending protocols Aave and Compound Finance, with users only having to deposit Australian Dollars which the app then stakes in DeFi on their behalf.
Bitcoin Suisse has long integrated crypto technology into its offerings, in November 2021 it was the first cryptocurrency payment processor in Switzerland to integrate the Bitcoin (BTC) Lightning Network in its effort to “promote the broader adoption of crypto technology.”
Derivatives exchange dYdX to become ‘100% decentralized by EOY’
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Ethereum Layer 2-based crypto derivatives trading platform dYdX has vowed to become “100% decentralized by EOY” via the protocol’s V4 update.
dYdX primarily offers perpetual contracts, which are derivatives products that borrow elements from both spot margin trading and futures trading but do not have an expiry date.
At present only certain components of dYdX are decentralized, including its Ethereum smart contracts, governance and staking. However its “orderbook and matching engine” are managed by dYdX Trading Inc. — the team that developed the platform.
dYdX announced the V4 update on Twitter yesterday with a new roadmap outlining that: “You are not ready.”
In a blog dYdX explained that the “primary aspect” of fully decentralizing the platform is focused on the orderbook and its matching engine. The team noted that the main challenges will be scaling throughput (transaction processing power), finality (off-chain trade matching) and fairness (operators not being able to extract value from legitimate trading activity) in a decentralized manner.
“With V4, dYdX will become fully decentralized. There will no longer be central points of control or failure of the protocol; all aspects of the protocol that can be controlled will be fully controlled by the community,” the roadmap reads.
Outlining why the platform is going fully decentralized, dYdX emphasized the “fundamental improvement” that decentralized finance (DeFi) provides over centralized financial services:
“DeFi offers a massive improvement in transparency. For the first time, the financial system itself is no longer a black box to users. With DeFi, users can trust code instead of corporations.”
The V4 update will see dYdX Trading Inc. receive zero trading fees moving forward. Additionally, the platform will also roll out more products and services, such as synthetics and spot and margin trading.
While many DeFi projects often tout that they are “decentralized” due to smart contracts and their automated setups, they are often controlled by a small core team with access to a multisig admin key that gives them ‘god mode’ powers over the protocol. This is often a useful strategy to recover from errors while building the platform, but introduces centralized risks.
U.S. Securities and Exchange Commission chairman Gary Gensler argued that DeFi is mostly centralized during an interview in August last year, noting that:
“These so-called ‘decentralized finance’ platforms actually have a lot of centralization. There’s a group of entrepreneurs that are running these platforms.”
Another DeFi project to announce the move to full decentralization, or being “fully self-sufficient” was DAI stablecoin creator and pioneering protocol MakerDAO in mid-2021.
Related: DeFi token AAVE eyes 40% rally in May but ‘bull trap’ risks remain
Maker Foundation CEO Rune Christensen noted in a blog post at the time that “the Protocol and the DAO will be determined by thousands or perhaps millions of engaged, enthusiastic community members.”
Critics note however that MakerDAO has 5.1 billion centralized USDC stablecoins backing its DAI reserves so the true extent of its decentralization is arguable.
There are currently 5.1 billion USDC and 499 million USDP in the PSM as reserves for Dai’s liquidity.
Dai peg You can swap Dai for 1 US dollar at any time.
Developments, Updates and More – Press release Bitcoin News
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press release
PRESS RELEASE. Celebrity-fan interaction in the metaverse is at its nascent stage. However, a few recent past events are tell-tale signs of a tectonic shift happening on the fan-engagement front. It’s moving from Web 2.0 to Web 3.0 with metaverse as its building block.
The Paris Hilton virtual world inside Roblox has seen significant footfalls, even considering the hefty price people need to spend to enter that world. A mega-fan had apparently paid $450,000 to buy a virtual land beside Snoop Dogg’s digital mansion on Sandbox.
Metaverse offers fans the chance to be in the same neighborhood as their favorite celebrity or public figure in a fully immersive setting, a thing not possible in the real world. That is why role-model adoration has a strong possibility of taking place in the metaverse.
Leading this movement from the front line are projects like Megaverse that are poised to bring the world’s most active communities around sports, entertainment, and more to a VR space where they are not only admirers but equal shareholders.
Mega Token Fuels the Megaverse DAO Ecosystem, Public Sale to Soon Begin
Mega Token is the platform and governance token of the Megaverse ecosystem—a universe made up of communities that are represented by plots of virtual lands. A plot of land can represent Christiano Ronaldo fans; another plot of land can be dedicated to the BTS army and so on. It does not end there. The ecosystem will empower the communities by offering them a chance to be official shareholders of the lands and administrators of the platform.
What’s more, Megaverse will hold its own NFT marketplace and will create its own financial system, complete with a decentralized exchange that includes swap, farm, pool, staking, and a launchpad for new crypto, gaming, and metaverse projects. All these elements are tied together by the Mega token, which will be live on Copper Launch soon.
According to the Megaverse team,
“The Mega Token Public Sale will be spread among three separate events known as Series A, B, and C.All three sales will take place on Copper Launch. By conducting three separate public sale events, Megaverse plans to raise funds consistently during the development and progress of the project. This method will split the Mega Token allocation into three equal rounds of 7.5% of the total supply. The floor price for the Series A public sale on Copper Launch will be set at $0.025.”
Megaverse’ Sponsorship with La Liga 2022: A Stepping Stone Toward its Future Goals
As part of its public announcement, Megaverse entered into a five-week sponsorship deal with La Liga 2022, with its banners appearing for the first time on the match between Elche and Barcelona on March 6. Another Megaverse appearance in La Liga was on April 2 during the match between Celta Vigo and Real Madrid.
Upcoming Roadmap and Developments
After the public Mega token sale, Megaverse plans to release its Land-based NFT marketplace and create the owner dashboard of these NFTs. Running parallel will be the Megaverse Map launch inspired by the crypto heat map, representing 20 top cryptocurrencies, including a Bitcoin Map, by market capitalization. This is how Megaverse plans to involve the crypto community, who, according to the Megaverse team, “has made our blockchain and crypto-infused lives a reality.”
Next up are the Gameplay and interaction system launch and the PC Gameplay launch, which will include:
Soft Launch of gameplay within bitcoin map
Interaction System Integration
Launch of other maps
Release of Complete product on PC
Enhancement in Interaction System
Releases of Use Cases
Multiplayer Level Interaction System Integration
Finally, we have the VR launch, which will include:
Closed Beta Launch of VR interactivity
Release of VR interaction within Gameplay
Educational Material Implementation
Enhancement in Use Cases
Keep an eye out for the Mega token public sale happening on the Copper sale. Find more information at:
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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