cryptonews

Ethereum Name Service (ENS) .eth domains ranging from 0000 to 9999 have recently attracted quite a bit of attention from NFT investors, enthusiasts, and speculators alike. Domains with three and four digit names have been around for years now, yet there has been a purchasing frenzy for these domains on the secondary markets recently.

According to a Dune Analytics dashboard for ENS, the spike in domain sales started on April 21, and the number of .eth name registrations has leaped from 2,721 to 21,188 in the following week.

OpenSea trading volume for the ENS domains has climbed by 3,333% to 2,613 ETH, around $7.3 million at current prices. The most trading activity in the secondary market occurred in the last 48 hours. So far, the most expensive domain is “555.eth”, which sold for 55.5 ETH, approximately $156,821.91, on April 28.

Holders who have purchased ENS names ranging from 0-9999 have created an exclusive Discord channel named the 10kClub. Nearly 4,000 ENS holders have joined the social club at the time of writing. Members of the social channel also posted the refrain “I AM MY NUMBERS AND MY NUMBERS ARE ME,” which has been continuously posted in the Discord chat.

There is no roadmap for the 10kClub, according to their Twitter page.

Individual users are not the only ones who have recently registered names with Ethereum Name Service. Major brands and corporations such as Budweiser and Puma have also registered their domain names.

Belgium’s financial regulatory agency, the Financial Services and Markets Authority (FSMA), has imposed a new rule for crypto exchanges and wallet services in the region. The crypto service providers will be required to register within a sharp line.

According to information released by FSMA, the rule will come into effect on May 1 and will require any legal entities or individuals who wish to offer crypto-based services or custodial wallets in Belgium will have to register in advance.

Crypto businesses that have been operating prior to this official announcement are required by law to notify the FSMA of their activities before July 1. In addition to disclosing their operations, existing businesses are required to register as regulated businesses with the financial regulator before September 1.

There are also seven conditions listed by the FSMA that crypto businesses must follow to maintain active registration with the Belgian regulators. These conditions include being constituted in the form of a company with a minimum capital amount of approximately $52,725 (EUR 50,000).

Provided that all of the required information has been provided, the FSMA expects to complete the registration process within three months. After successful registration, crypto service providers will receive a unique registration number. They will then need to use this number in all interactions with the FSMA going forward.

Belgium has taken a pro-crypto stance since the beginning of this year when a Brussels member of parliament, Christophe De Beukelaer, became the first politician in Europe to convert his salary into Bitcoin (BTC).

Introduction

artèQ is an Ethereum-backed project seeking to help investors capitalize on NFT art as an alternative asset class. To this end, it brings together analog and digital masterpieces into a blockchain-based ecosystem with boundless opportunities. Above all, it makes the emerging crypto art market more accessible to everyone.

The project launched in 2021 and is already leaping across its extensive roadmap. One of the highly anticipated milestones in its development is the upcoming listing on the Swiss Market, which is taking place this May.

This article looks at artèQ’s rapid development, upcoming features, and plans for the world’s first NFT Investment Fund.

Bringing the World’s Best Artworks on Blockchain

Before we dive deeper into the artèQ project, let’s briefly discover why NFTs are crucial to the crypto art market.

An NFT, or a non-fungible token, is an immutable piece of code existing on a decentralized public ledger, or blockchain. It stores essential data, such as ownership, provenance, and a unique transaction hash, making it non-replicable. Simply put, it is almost impossible to steal, duplicate, or forge, which are common challenges in the traditional art world.

When a piece of analog or digital art becomes an NFT, it is stored on the blockchain forever. This “minting” process creates a high-quality replica of the original artwork, certified by its creator. Most importantly, this NFT introduces a new type of asset, producing value and prestige for its owner.

A clear example of this process is the collaboration between artèQ and the prestigious Belvedere Museum in Vienna. On 14th February 2022, the two organizations jointly launched an NFT drop of Gustav Klimt’s masterpiece “The Kiss.” Here’s how it happened!

artèQ created and divided a high-res digital copy of the famous painting into a 100 x 100 grid. Each of the resulting 10,000 unique individual pieces became non-fungible tokens. That’s how the buyers became owners of unique tiles of the Kiss NFT, the only certified digital representation of the worldwide celebrated painting by Gustav Klimt. They don’t own Klimt’s original creation. However, they possess a piece of its blockchain version as an NFT. So, in light of the booming crypto art market, they hold an asset with unlimited value growth potential.

How artèQ Merges Analog Art With NFTs

The artèQ NFT Investment Fund, or The Fund, is currently one of the most exciting initiatives in digital art. Its goal is to gather the best art pieces from notable artists, traditional and digital, into the same space. This blockchain-based platform has its own Ethereum-backed token (ARTEQ), enabling anyone interested in art to invest and participate.

The artèQ Fund actively trades the collected artworks in several auction houses, including its proprietary artèQ’s Auction House. Also, it negotiates their value directly with collectors, museums, and art galleries worldwide. Most importantly, the Fund seeks to build connections with artists and institutions to consistently ensure optimal artwork purchasing conditions.

The artèQ token is listed on decentralized exchanges like Uniswap and on data aggregators like Coinmarketcap and CoinGecko. The artèQ token represents the total value of the artworks in the fund, as well as the total assets of the fund in ETH.

The artèQ team possesses solid expertise in both art and technology, which it combines with the limitless opportunities of NFTs. The Fund allows the artèQ Community, i.e., ARTEQ token holders, to access promising investment opportunities. One of them comes from simply holding or staking their token, whose price should increase over time. Therefore, the value of their portfolios could grow substantially in the long run.

The Fund should one day become a Decentralized Autonomous Organization (DAO). This will allow its members to collectively govern its evolution without the interference of central authorities. Therefore, the platform should develop according to the interest of those who matter the most, the governance token holders.

The ARTEQ Token

The rapidly-expanding artèQ ecosystem uses an ERC-20 token, ARTEQ, for all operations. The team designed it on the Ethereum blockchain to have a total supply of 10 billion tokens at any time. This means that the protocol will never mint other ARTEQ tokens or burn any of the existing ones.

artèQ started distributing the tokens in January, and it will eventually make the entire supply available to the public. The tokens are already available on decentralized exchanges, i.e., Uniswap.

Furthermore, the ARTEQ token is and its contract is not pausable or upgradeable. This means that users will be able to trade at all times and without interruption. Also, it means that its terms cannot undergo unexpected changes or replacements.

artèQ has obtained a positive assessment from CertiK, a leading blockchain security ranking platform, for its investment fund and related smart contracts. This means that the project’s functioning mechanisms do not have any pending issues and hold a high degree of security.

The Expanding Ecosystem Around the artèQ Fund

It’s worth noting that despite its name, the Fund does not function as a traditional investment organization. For example, it does not distribute dividends or profits to token owners. Instead, the members’ investments contribute to the value growth of the Fund’s exclusive artwork collection. The token owners might receive specific privileges as the Fund grows, such as special services, discounts, and a lot more.

artèQ plans to develop a limitless ecosystem of business features and activities around the Fund. They will support and leverage the artèQ NFT, build strategic partnerships, and advance the digital revolution in arts. Here are the most prominent ones:

The artèQ Art Galleries

The artèQ team believes that within the next 5 years, the NFTs and digital art will reach all households. They plan to anticipate this cultural change by opening art galleries that combine traditional and virtual art in a harmonious environment. artèQ has opened the first NFT gallery in Europe in Vienna, and others will soon follow in Berlin and Istanbul.

Metaverse Galleries

artèQ aims to develop further by opening virtual art galleries in the Metaverse. This side of the project will include partnerships with established platforms and creating an artèQ presence in the Metaverse.

The artèQ Auction House

The team refers to it as “artèQ’s major fundamental divisions” and represents a unique, innovative, and open NFT marketplace. Artists worldwide will be able to join, submit, mint, and auction their artworks on this platform.

The artèQ Auction House uses state-of-the-art technology to showcase digital and analog art masterpieces in a secure environment. Unlike most NFT marketplaces, this platform is not a public auction house. In fact, the artèQ Auction House will pass each artwork through a strict selection process, ensuring that only the best pieces end up on sale. This way, it will maintain a high standard of art quality and prestige. Above all, it will provide investors with a gateway to the best NFT artworks on the market.

The artèQ Auction House will collect a commission from every settled action and automatically add it to the Fund’s value.

A Crypto-Backed Loan Program

Another captivating plan in artèQ’s roadmap is developing a crypto-backed loan program for artists. This project should start in 2023 and provide ARTEQ token and NFT holders with access to an exclusive, loan-to-value program. Its goal is to support artists and make the crypto art market more physical.

Additionally, artèQ plans to nurture creative partnerships between artists in the analog and digital fields. Also, the platform will use modern mechanisms to monitor talented artists with a proven track record of sales. This way, the Fund can gather the best artworks from the most prestigious artists, museums, and art galleries to launch special NFT projects.

What Does the Future Hold for artèQ?

The artèQ token will be available for trade as Swiss security with its own ISIN number starting this summer. Before that, artèQ will obtain a Bloomberg/ISIN Swiss listing, attracting more crypto art investors to the project.

Additionally, the artèQ team plans to gain exposure to banks and financial institutions to support its future art-backed crypto-lending products. To this end, the platform seeks to obtain listings on mainstream companies, such as Forbes and Bittrex.

Lastly, one of artèQ’s hottest anticipated events is next month’s release of a 6,000 NFT piece collection representing one of Wolfgang Amadeus Mozart’s musical masterpieces.

Final Thoughts

Behind artèQ is a team of technology enthusiasts seeking to merge analog art with emerging technologies like blockchain and NFTs. The artèQ Investment Fund will help people invest and participate in a rapidly-growing NFT art market. Furthermore, it will allow younger generations to develop an interest in art while accessing important investment opportunities.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Stellar (XLM), similar to the rest of the top 50 cryptos by market cap, has experienced a price dip in the last 24 hours according to CoinMarketCap.

Ranked number 30 on CoinMarketCap’s list of the biggest crypto market caps, XLM has seen a price drop of around 2.79% in the last 24 hours – taking the price down to $0.1793. The current market cap of XLM is $4,445,557,554, positioning the coin between FTX Token (FTT) with a market cap of $5,321,547,602 and Algorand (ALGO) with a market cap of $4,268,204,461.

When looking at the daily trading chart of XLM/USD, the daily trading volume has remained constant, with the majority of the trading volume being selling volume starting from the middle of this month. There is also a resistance level of $0.2 as the price of XLM has tested it several times. The price may test this support level again in the next week.

Given that the 15 EMA and 50 EMA have not formed a clear break away and given their almost parallel gradients when compared to each other, it’s fair to say that there has been no clear decision of whether the outlook for the coin is bullish or bearish.

At this point, it does look like the bears have the upper hand as the selling pressure is slightly stronger than the buying pressure. However, the speed of the downwards price movement seems to be decreasing as the histogram for MACD also indicates a bit of decisiveness.

Theta Network (THETA) is down 5.81% on the daily and 16.03% for the week, according to CoinMarketCap.

The price of THETA is $2.55 at the time of writing, and has a market cap of $2,554,521,275. This makes it the 41st biggest crypto project by total market cap, behind The Sandbox (SAND) and slightly ahead of Tezos (XTZ).

The 24-hour trading volume for THETA has also seen a 15.72% increase in the last 24 hours, amounting to $166,084,447, worth approximately 64,709,547 THETA.

THETA has also weakened against Bitcoin (BTC) and Ethereum (ETH). One THETA is worth 0.00006677 BTC and 0.0009124 ETH. This is an estimated 2.86% drop compared to BTC and a 1.86% drop in strength against ETH.

The daily chart for THETA shows that this week has been a week of mainly sell volume, with sell volume beating buy volume for 3 out of the last 5 days. A bearish Exponential Moving Average (EMA) cross of the 15 EMA and 50 EMA occurred over the last 2 to 3 weeks. This signals that THETA has entered into a short-term bearish period.

Other technical indicators such as MACD and histogram corroborate the fact that THETA has entered a bearish cycle on the daily chart as the histogram is busy increasing negatively.

The 15 EMA also seems to be breaking away from the 50 EMA after crossing recently, with the gradient of the 15 EMA indicating that the breakaway is more than likely to continue, taking the price further down.

Elrond (EGLD) has experienced a 6.87% price drop in the last 24 hours and a 7-day price drop of 12.37%, according to CoinMarketCap.

The price of EGLD is $134.53 and its total market cap is $2,948,720,574 – ranking it 39th on CoinMarketCap’s list of biggest crypto projects. The 24 hour trading volume of EGLD stands at $111,960,922, which is worth approximately 830,167 EGLD at current prices. This is a 41.67% increase in trading activity over the last 24 hours.

The 24 hour high for EGLD is $146.92 and the 24 hour low is $132.35. As things stand, ELGD is worth 0.003486 BTC and 0.04777 ETH.

As can be seen from the chart for EGLD/USD above, EGLD is currently in a bear cycle. However, similar to what’s seen in the majority of the rest of the crypto market, trading activity for EGLD is relatively flat.

It can be said that the outlook for EGLD is more neutral as technical momentum indicators suggest that the price movement downwards has lost its strength. It seems EGLD traders are waiting for something to happen, an event that could help establish a clearer direction for EGLD’s price.

MACD suggests that a bullish cross could occur soon as the signal line narrows the gap to the EMA line. However, the confirmation will be when a bullish cross occurs with the 15 EMA and 50 EMA. The level of volume that the cross is accompanied by could better indicate the relative strength of the move.

This Curve DAO Token (CRV) price prediction 2022 article is based on technical analysis. Below, you will see the key confluences why we arrived at our Curve DAO Token (CRV) price analysis and prediction.

The cryptocurrency market is growing steadily and gaining momentum with the total market capitalization of all cryptocurrencies tending towards $1.8 trillion according to CoinMarketCap. The price of CRV has decreased by over 20.5% in the past one year.

In this Curve DAO Token (CRV) price analysis and price prediction, we take a look at the performance of CRV and if it will reach $10 by the end of 2022. But before that, let us look at what is Curve DAO Token (CRV?

What is Curve DAO Token (CRV)?

The Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity. The Curve has gained considerable attention by following its remit as an AMM specifically for stablecoins trading. The launch of the DAO and CRV token brought in further profitability, given CRV’s use for governance, as it is awarded to users based on liquidity commitment and length of ownership. The explosion in DeFi trading has ensured Curve’s longevity, with AMMs turning over huge amounts of liquidity and associated user profits.

As such, Curve caters to anyone involved in DeFi activities such as yield farming and liquidity mining, as well as those looking to maximize returns without risk by holding notionally non-volatile stablecoins. The platform makes money by charging a modest fee which is paid to liquidity providers.

Current Market Status for Curve DAO Token (CRV)

At the time of writing, the price of Curve DAO Token (CRV) is $2.47 with a 24-hour trading volume of $182,375,708 and a decrease in price by 0.55% in the past 24 hours.

The present circulating supply of Curve DAO Token is 460,988,021.97 CRV. Some of the major crypto exchanges for Curve DAO Token (CRV) are Binance, Kucoin, Gate.io, Kraken, Huobi, and others.

Now that we have seen the present status of Curve DAO Token (CRV) in the market, let’s look at the price analysis of CRV.

Curve DAO Token (CRV) Price Analysis 2022

Curve DAO Token (CRV) is in the 77th position in the market capitalization of cryptocurrencies according to CoinMarketCap. It has increased by 5.9% in the past 7 days.

But will the recent changes and development in the blockchain help the digital currency price to reach higher? Let’s proceed to the charts in this Curve DAO Token (CRV) price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for CRV/USDT, we can deduce that the price of Curve DAO Token might get bullish in some days since the price is almost breaking out at the first half of the channel from the top. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 51.86.  This shows that CRV is showing a strong trend since its RSI lies between 50 and 70. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are above the recently formed candlesticks, the price of the coin might decrease further.

Curve DAO Token (CRV) Price Prediction

The chart below shows that Curve DAO Token (CRV) has performed great over the past few days. If this trend continues, Curve DAO Token might run along with the bulls, overtaking its $2.84 resistance1 level and climbing higher to $6.75 at the resistance4 level, the bullish signal for 2022.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone Curve DAO Token from its uptrend position. In simpler terms, the price of CRV might plummet to almost $1.24, a bearish signal.

Meanwhile, our long-term Curve DAO Token (CRV) price prediction for 2022 is bullish. It has a low possibility of surpassing its current all-time-high (ATH) at about $60.50 according to CoinMarketCap this year. However, that will only happen if it breaks many previous psychological resistances.

Curve DAO Token (CRV) Price Prediction 2022

If this bullish trend continues, Curve DAO Token will reach $6.75 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $3.70. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $10 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Curve DAO Token (CRV) Price Prediction 2023

The price of Curve DAO Token (CRV) can move even great heights, however reaching $15 Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency CRV breaks past the psychological resistance level.

Curve DAO Token (CRVV) Price Prediction 2024

The price of Curve DAO Token (CRV) can move even great heights, however reaching $20 Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency CRV breaks past the psychological resistance level.

Curve DAO Token ( CRV) Price Prediction 2025

In the next four years, Curve DAO Token (CRV) prices could race up to $30. However, reaching this level could not be so difficult for CRV as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that Curve DAO Token (CRV) has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Curve DAO Token (CRV) Price Prediction 2026

As per the latest upgrades, developments, Curve DAO Token (CRV) price prediction, and new project forecasts of the platform. Moreover, this might boost the price of Curve DAO Token (CRV) in the crypto market, and it will be the best investment as the price can spike and reach around $50.

Conclusion

Curve DAO Token (CRV) has a bright future ahead of it from 2022 to 2026. With ongoing developments happening within the Curve DAO Token ecosystem, as well as in the overall crypto market, we may see CRV reach new heights.

Meanwhile, our long-term CRV price prediction for 2022 is bullish. In addition, it has a high possibility of surpassing over $3.70 and may reach above $6.75 this year. However, that will only happen if it breaks past many psychological resistances.

As said above, Curve DAO Token (CRV) may even reach $10 if investors have decided that CRV is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

VeChain (VET) is down 1.60% in the last 24 hours according to the crypto market tracker CoinMarketCap. This takes the price down to $0.05107.

The price movement of VET in the last 24 hours has not deviated from the weekly movement of the coin’s price seeing that the 7-day percentage change of VET is around 14.67%. VET is currently ranked 37th in CoinMarketCap’s list in terms of market cap, as its total market cap stands at $3,284,342,033.

As can be seen from the snapshot of TradingView above, the 50 Exponential Move Average (EMA) has crossed the shorter 15 Exponential Moving Average (EMA) around the 22nd of this month to form a Death Cross.

This signals that the current outlook on VET has turned bearish when just analyzing the daily chart for VET.

The weekly chart also shows a bearish Death Cross taking place much earlier in the year around January 22, 2022. VET tried to break out of its bearish trend for the short term between March 27, 2022 and April 19, 2022 according to the daily chart from TradingView. However, it fell back into a bearish state after 19 April, 2022.

The Relative Strength Index (RSI) 14 does show that VET is currently oversold as it approaches 30. However, it is common for a coin to be oversold for extended periods of time in times of a bear market. The odds are stacked against VET at the moment as it not only has to overcome a Death Cross on the daily chart, but also on the weekly chart.

The program for the TOMORROW conference, Europe’s biggest Crypto, NFT, and Metaverse conference, has been released! The TOMORROW conference will host this one-of-a-kind event from May 13th to 15th at the BelExpo Center in Belgrade. Panel in the Metaverse will be held exclusively at the TOMORROW conference, for the first time in Europe. The conference will be streamed ONLINE as well via the official platform.

Aside from the planned day program which will present the latest world trends in this sphere, the conference will welcome the global music stars as well. In collaboration with EXIT festival, TOMORROW  conference will feature global DJ star Maceo Plex for an exclusive party on May 14th at Belexpo center.

The conference agenda presents a selection of the most significant topics presented by world-renowned experts in various domains, in the form of lectures and panels. Program includes almost 100 speakers, 7 exclusive panels, and more than 50 keynotes.

The conference will cover all aspects of blockchain and cryptocurrencies, including “mining,” investing, and much more, through the experience of the world’s leading experts. Visitors will also get the opportunity to learn about new areas of the NFT world, such as collecting and application possibilities. The conference will bring pioneers of the Metaverse in Belgrade, who will educate attendees on the technology’s potential and impact on our lives and the world as we know it.

The TOMORROW conference, according to the organizers, is the most exclusive event in the region and beyond. “We are honored to host such an important event. Our purpose is to introduce the IT developments that will define this decade and century, ranging from financial technology development to virtual reality. Visitors will be among the first to learn about the latest developments and trends in blockchain and cryptocurrency development, as well as DeFi, DAOs, and Web3 technology. We’ll also discuss the new, fascinating realm of NFTs, particularly during the Metaverse panel at the TOMORROW conference. In the coming years, we intend to make Belgrade the leading destination of innovative industries as well”, said Zoran Tadic, program director of the TOMORROW conference.

Speakers include pioneers in the industry, as well as the most well-known domestic and international names, including Craig Sellers, founder of cryptocurrency Tether, Tanja Bivic Plankar, president of the Blockchain Alliance of Europe, Bruno Ver, blockchain specialist and founder of the top NFT business NIFTIFY, Marko Suvajdzic from the University of Florida, Aleksandar Matanovic, founder of the cryptocurrency exchange ECD..

For the very first time in Europe, and for only the second time in the world, a panel will be held in Metaverse. Panelists from all over the world will appear on stage as avatars in a virtual space, and speakers will be wearing VR headsets. The topic of NFTs will be discussed while the audience will be able to watch them on LED screens in real time.

Vitomir Jevremović, Ari Tomasson, Ipshita Kumar, Arvin Kamsheh, Vladimir Trkulja from Unicef, Aleksandar Gligoric and Josip Vlah will talk about the increasingly popular NFTs. For the first time in Serbia, visitors will be able to trade NFTs for humanitarian purposes. Wesley Ellul will give a presentation on gaming and NFTs. During the TOMORROW conference, EXIT festival and one of the biggest producers of electronic music, Maceo Plex, will launch a special NFT collection.

The night program will include an exclusive event at the Belexpo Center in cooperation with Exit, starring Maceo Plex, as well as a party at the well known nightclub Hype. A VIP event will take place at Buddha Bar restaurant, with a limited capacity for the purpose of networking.

All additional information about the conference as well as current ticket prices for visitors, online followers and VIP events can be found on the official conference website https://tmrwconf.net/.

More information on the following links.

Website: https://tmrwconf.net/
Twitter: https://twitter.com/tmrwconf
Instagram: https://www.instagram.com/tmrwconf/
Facebook: https://www.facebook.com/tmrwconf

Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

YGG SEA, Yield Guild Games’ subDAO in Southeast Asia, has inked a $500-thousand deal with investment capital Solana Ventures to boost YGG SEA’s operations in the region.

According to details shared with CoinQuora, the strategic agreement will provide ample resources to YGG SEA’s game developers and expand the region’s gaming community. Aside from the whopping funding involved in the deal, Solana Ventures will work closely with YGG SEA’s country managers.

The partnership involves both parties developing training programs on building projects within the Solana blockchain and linking game development studios with engineering resources to help introduce new gaming titles within the mentioned ecosystem.

The deal is said to accelerate game development and product launches in Southeast Asia, a region with a huge gaming community.

Matt Beck, head of Solana Ventures, cited this fact and pointed out that gaming companies should prioritize catering their services to the region’s ever-growing community. Beck said that their “exciting” partnership with YGG SEA will bring about a “sustainable value in the Southeast Asian communities and developer ecosystem.”

The Solana Ventures head added:

Our plans are to build out learning and development resources to create real, long-term value in Southeast Asia, and ultimately help bring the best games and products to market.

It is important to note that Solana provides YGG SEA’s scholars and other members of the P2E community with a wide range of gaming titles. The deal will further give these players access to a growing number of popular games built on Solana.

It can be remembered that gamers from Southeast Asia greatly benefit from these platforms as the P2E model provides them extra income. According to YGG SEA, the deal puts them in a position to further extend their services to the community.

Evan Spytma, CEO and Co-Founder of YGG SEA said that the “demand for play-to-earn games is higher than ever, especially in Southeast Asia’s countries.” He added that the collaboration with Solana Venture will give them “an incredible boost and help [them] offer the best resources to players and developers in Southeast Asia” as they continue to serve the gaming community.

Singapore-based DeFi platform Cake DeFi is proud to announce its new product — Borrow. The new product will allow users to borrow Decentralized USD (DUSD) by pledging crypto assets such as BTC, ETH, USDC, DFI as collateral. The DUSD that users borrow can be used in various ways to generate good income.

Cake DeFi, with its new product, aims to strengthen its users’ portfolios and potentially boost their rewards. With that, the network enables its users to experience a staking APR rate as high as 70%. Hence, users can enjoy earning good returns despite the wild volatility characteristic of the market.

Dr. Julian Hosp, Co-founder and CEO of Cake DeFi explained,

We are excited to launch Borrow to provide users with more liquidity to invest in DeFi services while holding on to their assets. DeFi empowers people to generate passive income on their cryptocurrencies without the constant need to trade. It is our goal at Cake DeFi to keep bringing such innovative services to our users.

In terms of market stability, the network has over $1 billion in customer assets. It is composed of 700,000 registered users that keeps growing over time. Network users are empowered to earn cash flow from their digital asset investments.

Furthermore, Cake DeFi also provides the technology for its users to borrow Decentralized USD (DUSD) with their existing Bitcoin (BTC), Ether (ETH) Tether (USDT), USD Coin (USDC), and DFI as collateral. However, it is subject to a collateralization ratio of 200% and 5% annual percentage rate (APR).

Moreover, the DUSD can be utilized too in purchasing tokens, staking and liquidity mining to name a few.

On the other hand, Cake DeFi has experienced tremendous growth in 2021. A total of $230 million were paid out to customers as rewards in 2021; $75 million of it in the final quarter. In the near term, Cake DeFi’s immediate priorities are to continue growing its customer base as it aims to reach $10 billion in total customer assets by the end of 2022.

Today, the popular Coinbase-backed DeFi platform Portal officially announced its collaboration with the famed Bitcoin sidechain Mintlayer. Portal is a self-hosted wallet and true cross-chain Layer-2 DEX built on Bitcoin, and Mintlayer is a Bitcoin sidechain protocol that aims to bring decentralized financial markets to the masses.

This partnership is expected to bring Portal’s uncensorable cross-chain DEX functionality to Mintlayer, giving new impetus to Bitcoin-based decentralized finance (DeFi).

Moreover, the addition of sidechain assets issued on Mintlayer will likely increase the number of trading pairs available to Portal DEX users. Additionally, the partnership is expected to benefit Mintlayer by making its assets accessible to a larger user base through Portal’s DEX network.

Portal’s Executive Chairman Dr. Chandra Duggirala says:

Portal DEX supports many layers of financial and non-financial applications on Bitcoin. It means that the Bitcoin protocol does not need to be upgraded to achieve any new functionality. This can increase Bitcoin adoption, its security budget, and its usability as the truly global monetary system. Supporting Mintlayer sidechain assets naturally fits into our ecosystem approach to bringing many layers to Bitcoin.

The CEO of Mintlayer, Enrico Rubboli states that Mintlayer is a tokenization layer built on top of Bitcoin, enabling native swaps with BTC, including using the Lightning Network.

“Portal’s cross-chain DEX can help make multi-chain implementations more viable, allowing token issuers to take advantage of the unique capabilities of different protocols, including Bitcoin sidechains like Mintlayer, thereby plugging the entire web3 ecosystem to the most decentralized and valuable blockchain, and the world’s hardest money.”

The partnership is predicted to be a major milestone in the growth of DeFi on the Bitcoin network. The crypto world awaits to see the developments the companies promise.

Cardano’s (ADA) price currently stands at $0.8347, which is a 6.32% decrease over the last 24 hours. The price of ADA is also 11.79% down for the week. Ranked in the top 10 list of cryptocurrencies in terms of market cap, ADA is ranked as the 9th biggest project and has a market cap of over $27 billion.

ADA has also weakened against Bitcoin (BTC) by 1.17% and Ethereum (ETH) by 1.47% at the time of writing.

The 24 hour trading volume for ADA is only slightly down when compared to the rest of the cryptocurrency market, and is 0.80% down in the last 24 hours according to CoinMarketCap. The daily trading volume totals around $1,082,217,262.

The price of ADA is likely to recover significantly given the bullish momentum the project has built up over the recent few months and weeks. Some of the events that helped ignite this bullish momentum include hundreds of new projects being built on top of the Cardano blockchain, new listings for the coin, the launch of ADA incubators, and much more.

Recent news is that IOG, Cardano’s developer, has proposed to increase the block size of the Cardano network. This will inherently increase the number of transactions that the Cardano network can process every second. This could attract more projects to the ecosystem, making it more valuable.

As these projects join the ecosystem it could result in a snowball effect which will see the price of ADA rise dramatically.

Singapore, Singapore, 28th April, 2022, Chainwire

BingX has upgraded its platform to Version 3.0, which aims to improve its competitiveness and ease of use for traders.

Among the new features, an integration of spot and contract markets allows users to easily view their favourite spot and contract markets simultaneously. This is a way to keep up to date with current market conditions each instant, which is especially useful to professional traders.

As the world’s leading social trading platform, BingX is committed to a user-centric experience and is always looking to enhance its offerings.

BingX has also expanded its cryptocurrency lists to reflect the latest and most popular coins, along with deeper understanding of each of its tokenomics. The transaction experience has also been optimised for easy execution. There is also now a backtesting function which is able to simulate the operation of a trading strategy in historical market conditions and assist in evaluating their performance for investors and traders.

Other features and platform updates include a larger order book display, as well as a general interface refresh. All new added features and platform updates are targeted at making the trading experience for users more enjoyable. Traders can therefore expect greater efficiency and smoother operations while trading or interacting on BingX.

“There is a purpose behind every update. Improving the overall performance of our platform is essential as it makes us more competitive in the market. We take our customers’ requests and suggestions into consideration and make the necessary adjustments accordingly.” – Public Relations & Communications Director at BingX, Elvisco Carrington

BingX is committed to developing more interesting features and making it the best trading app for retail cryptocurrency traders. The platform enables users to buy and trade cryptocurrencies from the majority of exchanges, offering a single platform for all needs that a user might have. Social trading features like Feed and Copy Trading further add to BingX’s value.

About BingX
Founded in 2018, BingX.com is a global digital asset, spot, and derivatives trading platform that provides a user-centric and open ecosystem with intuitive social trading features. Created to enrich the entire cryptocurrency industry, BingX is a safe, reliable, and user-friendly venue for users to trade their favourite assets such as PLA, TRU, UMA, LOOT, CVC & USDT Coin. 

Contacts

Public Relations & Communications Director

• Elvisco Carrington
• BingX
• Elvisco@BingX.com

The price of the coin formerly known as Crypto.com coin, Cronos (CRO), has dropped 5.5% according to CoinMarketCap. The price of the coin currently stands at around $0.3816 at the time of writing. The 24 hour price movement seems to be an extension of the trend seen in CRO’s price over the last 7 days, which saw it drop 8.64% over the last week.

The price strength of Cronos has also weakened against Bitcoin (BTC), currently standing at 0.000009927 BTC, and has weakened against Ethereum (ETH), with its worth being approximately 0.000134 ETH.

The 24 hour trading volume of CRO has also fallen a bit as well by 12.59% as only $57,212,729 worth of CRO has been traded in the last day.

CRO’s price dip has, of course, decreased the total market cap of Cronos. However, CRO’s market cap still places it 18th on CoinMarketCap’s list of the largest crypto market caps.

Many members of the crypto community raised concerns about Crypto.com’s excessive spending on its marketing campaign early this year. However, these concerns may not be the driving force behind CRO’s price dip seeing that the entire crypto market is in a bit of a retracement when looking at the bigger picture seen in larger time frames.

Despite a fall in price, the number of CRO holders has been increasing daily in the last week as 254 new holders have been added to the list of CRO holders in the last 24 hours. The gradual increase of CRO holders could be a sign of investors favoring value over hype when it comes to the project. This could signal a medium to long term bullish investor outlook for CRO.

USD Coin (USDC), Ethereum (ETH), and Tether (USDT) continue to enjoy their position today at WhaleStats’ top 10 purchased tokens by 2000 biggest ETH whales. ApeCoin, meanwhile, managed to secure the 10th spot on the list.

HODlers continue to accumulate stablecoins, as USDC and USDT remain unmoved in their position on the list’s top five for weeks now, according to the top ETH whales analytics tracker.

Interestingly, USDC has an average purchase amount of over $119 thousand and an average token quantity of almost the same amount. On the other hand, USDT lags tens of thousands behind with an average purchase of over $42 thousand. Similar to USDC’s peculiar averages, Tether’s average token quantity is also at $42 thousand.

It is important to note that stablecoins are popular among conservative investors who dislike the crypto market’s volatility.

Meanwhile, ETH also looks to be unhampered as investors continue to invest in the coin. ETH is behind the leading USDC with just over a thousand dollar gap in the average purchase amount. Ethereum looks to eclipse the king of crypto Bitcoin once it commences its Merge.

While there are several factors why holders continue to accumulate lots of ETH, it is no secret that Ethereum’s The Merge and its impending effects on the whole blockchain ecosystem have an influence on this aspect.

ApeCoin has made headlines these past days—from simply enjoying its position on the green market, and its price reaching an all-time high (ATH) to plunging after a Bored Ape Yacht Club (BAYC) Instagram and Discord hack.

Regardless of these developments, the community continues to trust the token. According to WhaleStats, APE has an average purchase amount of $1,731 and an average token quantity of 97.

As of writing, APE seems to have recovered from its dip and is now up by 4.4% at $18.93. It now flirts with its ATH of $19.46.

Whalestats’ top 10 purchased tokens by 2000 biggest ETH whales also include Lido Staked ETH, wrapped BTC, SAND, compound Ether, True USD, and MANA.

COMEX: Oman’s Official technology event, is coming in its 31^st edition this year from 23rd to 25^th of May 2022 at the Oman Convention & Exhibition Centre, Muscat. This event is one of the leading exhibitions to highlight the digital transformation of governments through hosting a pavilion for ministries, authorities, and government companies to participate and showcase their achievements and opportunities for innovation in technology and their steps towards Oman Vision 2040.  It is considered to be one of Oman’s initiatives to provide the most engaging and networking platform for youth talent development leaders, learning heads, human resources and business leaders to bridge the gaps and find solutions in several areas of digital eco system; such as AI, Cybersecurity, IoT, Innovation, Drones, Future Mobility, Blockchain, Coding and more which correspond to the Oman Vision 2040 and Muscat the digital capital goals.

It is worth mentioning that the Council of Arab Ministers for Communications and Information has chosen Muscat to be the Arab Digital Capital for 2022.  In his interview; H.H. Eng. Said Bin Hamoud Al Maawali, Minister of Transport, Communications and Information Technology, said that Muscat’s candidacy file was presented under the logo ‘Digital Future that Generates Opportunities’, seeking to make a mark on the digitalization of the Arab world with three main axes, which are cyber-security, digital capabilities development, and digital innovation. Dr. Saud bin Humaid Al Shuaili, Head of the Ministry of Transport, Communications, and Information Technology’s National Space Program, said that the vision for this whole year is to empower youth through organizing digital and technical events at the local and Arab country levels. Government institutions and private sectors are all included in the process of highlighting a digital Muscat.

Weam Al Kindi – Project Assistant for COMEX – expressed: “The selection of Muscat as the Arab Digital Capital for 2022 does not only emphasize the existing digital capabilities, but also further contributes to the city’s and Oman’s efforts in achieving digital transformation incorporating MTCIT Strategy for 5 years leading into the Vision 2040 overall Objectives. COMEX being the largest official lineup in Oman for Government entities and enterprise companies showcasing their products, services and innovation in ICT, it is the perfect place for technology buyers and decision makers from public sectors, especially the sectors highlighted for growth in Oman Vision 2040, to attend and collectively achieve the common vision of a better, integrated and digital future.”

The technology companies will showcase their products, services, and innovations in ICT in the Experiential Zone where visitors can try the products and have a great experience at the exhibition. The Experiential Zone offers many technological solutions including AI, AR/VR/MR, robotics, drones, coding, smart home, cyber security hackathon, gaming zone, and HI-Tech printing. It is the perfect place for technology companies to promote their innovations to investors as well as to buyers and decision makers from public and private sectors.

Under the integrated school system, the exhibition will provide a School STEM Platform for students from all schools in Oman (international, government and private) coordinated by the Information and Communication Technology and Science faculty/department to display school projects in the areas of Science, Technology, Engineering, and Math empowered with telecom or ICT innovations. The platform will provide students with an opportunity to present their skills in design, coding, robotics, science, technology, engineering, maths and other areas associated.

Comex will also provide a School’s X Platform for students from all schools where they will share their experiences of how they are using Ed tech, various tools like zoom, youtube, Facebook live, and recorded videos, for learning  during the COVID-19 pandemic. This platform will help the students become confident speakers on all aspects of ICT & Telecoms subject matter. The aim of Comex is to integrate schools and education system with the technology industry of Oman. 

Aspiring to transform Oman by empowering its people through various technological advances made possible by AI, COMEX AI will be held in 24^th and 25^th of  May . It is an international conference designed to ensure that the national vision of AI adaptation in government and corporate sectors is achieved. The conference will examine the potential of AI across various industries in one empowering agenda with the goal of providing a platform for various stakeholders such as ministries, research institutions, and industry experts to share current market trends, technological advancements, and challenges of AI in the digital transformation of different industries.

The exhibition is also holding the only and biggest Awards for Excellence in Technology ceremony in 24thof May 2022, starting with the idea of appreciating and recognizing the Ministries and Companies (government and private) that have made a big difference in digital transformation in Oman. The Awards for Excellence in technology include categories such as:  artificial intelligence, 3D painting, IoT, machine learning, big data, and so many others.

The award winners will be announced at the awards ceremony, which will be attended by a number of government officials and other senior dignitaries.

Comex is a hybrid event, with a physical exhibition and some virtual elements. The virtual exhibition with Realtime Physics will allow people to feel like they are physically at the event by experiencing 3D environments and creating their own personal avatar to explore across different pavilions. Companies can showcase their products virtually by choosing a virtual booth at the exhibition. These companies will have the feature to know about their most popular posters and how many people have viewed their products by following up the visitor’s engagement with their booth.

Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

Yield Guild Games Southeast Asia (YGG SEA), subDAO of the Philippines-based gaming startup YGG, has amassed $15 million in funding across two separate seed rounds. The secured funds will be used to boost the adoption of play-to-earn gaming primarily in Southeast Asian countries.

Furthermore, Yield Guild Games aims to bridge the gap between Web2 and Web3 through GameFi – aside from onboarding players as scholars. SubDAOs like YGG SEA are the core of YGG’s expansion strategy and the key to the community development of the entire ecosystem.

In detail, YGG and Infinity Ventures Crypto (IVC) led the initial private sale. Meanwhile, the follow-up seed round was attended by prominent names such as Crypto.com Capital, Animoca Brands, Poloniex, MindWorks Ventures, Circle, Sembrani Kigani, Jump Capital, Bukalapak, Polygon, Digital Currency Group, Hashed, Venture Management, United Overseas Ban Venture Management, Evernew Capital, Arca Funds, Yolo Ventures, OKEx Blockdream Ventures, Hashkey Group, LongHash Ventures, SevenX Ventures, Rise Capital, Morningstar Ventures, PetRock Capital, SweeperDAO, Dialectic, FBG Capital, DNC Ventures, and Emfarsis.

Meanwhile, Robby Yung, CEO of Animoca Brands, shared that as an investor in YGG, Animoca Brands backs the whole YGG SEA team, as well as its business model, and regional focus. He further said, “We believe YGG SEA will strongly contribute to onboarding players to blockchain across South East Asia.”

Moreover, Crypto.com Capital Managing Director Bobby Bao also showed his support for the project:

Crypto.com Capital is pleased to support the launch of YGG’s first-ever subDAO — YGG SEA — in its private funding round. We believe that Southeast Asia will continue to be the largest market globally for play-to-earn operators and that YGG SEA — with its operational expertise spanning from YGG and its in-country teams — will continue to hold the lion’s share of high-quality scholars in the region.

Shiba Inu has flipped FTX token for the biggest holding by dollar, WhaleStats tweeted after its analysts studied the statistics, which showed a major change in numbers. According to the same resource, Shiba Inu is now the second on the list after Ethereum.

WhaleStats also tweeted a major transaction that may have affected the flip. The tweet stated that one wallet under the name “BlueWhale0073” has bought 70 billion SHIB, which equals over $1.619 million USD.

Another tweet came during the last 24 hours, stating that the FTX token flipped Shiba Inu first for the biggest holding by dollar. While the race goes on between Shiba Inu and FTX token, other tokens follow within the top 50, such as Matic, ENJ, Sand, AAVE, DAI, and others.

The original tweet delivering the news also had a link with the first 100 Ethereum wallets, also known as “the whales,” along with many different statistics and numbers that gather and indicate information about the crypto industry and market.

In related news, Shiba Inu is down by around 4% to score a price of $0.000023 with a market cap of more than $12.7 billion and a 24-hour trading volume of over $885 million. In the meantime, FTX scored a price of $39.04 after crashing by 7%. It has a market cap of about $5.3 billion and a 24-hour trading volume of $102 million, according to Coingecko.

Top 10 cryptos by market cap are all down in the last 24 hours as we head towards the end of the month according to CoinMarketCap.

The last 24 hours have been full of price drops for the biggest cryptocurrencies in the market, with some stablecoins even dipping slightly.

The leader of CoinMarketCap’s largest cryptos by market cap, Bitcoin, is down 5.29% in the last 24 hours – taking its price down to around $38,422 at the time of writing. The coin has also been down over the last week at -6.99% in the last 7 days.

Second on the list, Ethereum, is down 5.21% in the last 24 hours. Similar to Bitcoin and the rest of the top 10 cryptos, Ethereum’s 24-hour price dip is accompanied by a weekly price fall.

As can be seen from the snapshot above, the prices of the rest of the cryptos on the top 10 list all experienced a 24-hour fall. Dogecoin leads the way in the top 10 list with a 9.71% price decrease. This could be because the news of Elon Musk’s acquisition of Twitter may be simmering down.

USD Coin, the second biggest stablecoin by market cap, is also down by 0.04% in the last 24 hours. Another stablecoin that is down in the last 24 hours is Terra USD (UST). Ranked number 15 on CoinMarketCap’s list, UST is down 0.14%.

The fall in prices could be attributed to month-end approaching and people cashing out their crypto to pay their monthly expenses.

Stablecoin TrueUSD (TUSD) named five of its current bank collaborators that ensure asset security for its USD reserves.

According to TUSD, it currently works with Signature Bank, Silvergate Bank, Prime Trust, First Digital Trust, and BitGo for the safekeeping of USD assets that back the value of the stablecoin.

For one, Signature Bank is the first bank insured by the Federal Deposit Insurance Corporation (FDIC) to launch a blockchain-based digital payments platform—Signet.

TUSD partnered with Signature Bank, a New York-based commercial firm, and was then integrated into Signet, Signature’s payment network, opening 24/7 minting services within two minutes. TUSD admitted that this development “greatly” improved its financial services for its users. Interestingly, TUSD transactions within Signet are free.

Another TUSD partner bank from 2021 is Silvergate. This financial firm became one of the first banks to set up accounts for crypto transactions and has since become known as one of the few crypto-friendly banks.

TUSD leverages the Silvergate Exchange Network (SEN), providing users with another “efficient” token minting service.

Together with SEN, TUSD reinforces its near-instant minting and redemption services with Prime Trust’s PrimeX. PrimeX enables TUSD holders to mint and redeem tokens round the clock, offering instant settlements.

Users of the stablecoin can also mint and redeem their tokens with TUSD partner First Digital Trust. Although the bank implements minimum and maximum transactions, TUSD saw this as an opportunity to provide its users with options, especially if they plan on minting or redeeming small amounts of TUSD.

TUSD is also one of the early stablecoins that crypto custodian BitGo included in its offerings. BitGo’s secure multi-signature wallets allow TUSD users to purchase the stablecoin within the wallet.

With BitGo, users can purchase and exchange TUSD with no fee. However, a minimum amount of $1,000 worth of TUSD is required to mint and redeem.

TUSD revealed that it is exploring more ways to better its services for its users. To do so, it plans to forge relationships with more bank partners.

Earlier, TUSD was reported to now be audited by Armanino, a top European auditing firm. Armanino will attest to the stability of TUSD’s smart contracts on-chain. TUSD, in turn, becomes the only stablecoin that has implemented such security standards.

The 10th biggest crypto coin by market cap, Dogecoin (DOGE), is down more than 10% in the last 24 hours, according to CoinMarketCap.

The price of DOGE has fallen to $0.1407. Not only has DOGE weakened against the dollar, it has also weakened against Bitcoin (BTC) and Ethereum (ETH). DOGE has declined approximately 6.7% against BTC and around 6.57% against ETH.

Although the drop-in price in the last 24 hours is a trend that is repeated across all of the top 10 cryptocurrencies, DOGE had built up hype around it following Elon Musk’s announcement that he was interested in purchasing Twitter. The price of DOGE spiked yesterday following the confirmation that Twitter’s board unanimously accepted Musk’s buyout order.

The news around Musk’s Twitter acquisition saw the coin trending according to CoinMarketCap’s trending projects list, and is still included in the list. Currently it is the 6th most trending project.

Despite being the talk-of-the-town, DOGE has gone from being the biggest gainer of CoinMarketCap’s top 10 list yesterday to being the biggest loser today. It seems that the hype around Elon’s Twitter acquisition has quietened down in the last 24 hours as the crypto community moves on and looks for the next big trade opportunity.

Another sign that the publicity around DOGE has simmered off is the daily trading volume figure which has dropped by over 32% to around $4,022,785,733 in the last 24 hours. The market cap of DOGE is also down following the decrease in the coin’s price. The market cap for DOGE is around $18,729,292,987.

Singapore, Singapore, 26th April, 2022,

– H.E. Justin Sun, Founder of TRON, hosted the mainnet APENFT Marketplace Launch livestream event on Friday, April 15. The Game Changer-themed event was broadcast in real-time on YouTube, DLive, and Cryptovoxels TRON HQ, marking TRON’s first livestream in the metaverse. During the livestream, APENFT Marketplace gave away $10,000 worth of NFTs to all virtual attendees. 

Sun believes that APENFT Marketplace will be a game-changer in the industry by creating a TRON-based NFT platform that exemplifies the values of Web 3.0. This high expectation is based on three key traits of the marketplace listed below. 

First, APENFT Marketplace is an NFT trading platform that benefits all community members. The “zero-fee policy” means the platform will not charge users, creators, and developers any handling fees. In addition, the upcoming trade-to-mine feature allows users to receive NFTs for trading on the marketplace, and creators and developers will enjoy their own unique mechanism to earn NFTs. In contrast, we do not see any benefit-sharing mechanism on centralized trading platforms such as OpenSea.

Next, APENFT Marketplace is built on the TRON blockchain, with an average gas fee of less than $1 per transaction. Being affordable is advantageous to the creators, developers, and traders, who can continue contributing to a sustainable ecosystem. This, in turn, makes APENFT Marketplace an even more user-friendly NFT trading platform. 

Finally, APENFT Marketplace is committed to supporting developers and creators, having launched multiple programs that include the ongoing Developer Sprint and TRON 101, the upcoming Trade-to-Mine campaign, and the most recent GamFi Hackathon. APENFT also endeavors to explore great original projects that will propel the long-term growth of NFT and GameFi on TRON. 

APENFT Marketplace has set up a $2 million prize pool to award the best projects in the Developer Sprint, during which each participating team will go through a two-week assessment, evaluated by the APENFT team from five different angles: project quality, website development, smart contract deployment, social community operations, and suggestions to APENFT. Each team can win up to $20,000 from the sprint race. 

Today, APENFT Marketplace has received applications from over 300 teams. More than 50 of them have passed the initial review and been shortlisted for the Sprint, covering a wide spectrum of art, collectibles, domain names, and sports. The total number of community members for the 50 selected projects amounts to nearly 100,000. 

Winners of the Sprint will receive funding support from TRON 101, a program launched by APENFT to carry on the growth momentum of the platform to further fertilize the soil for a stronger TRON NFT ecosystem. 

Sun also remarked on his livestream about listing the Monkey Head NFT of the Twelve Digital Zodiac Heads Collection as the first item for auction on APENFT Marketplace.

“This auction on APENFT Marketplace is expected to introduce digitized Asian art treasures into the virtual world and crypto market, spreading the Oriental charm to more people around the world,” Sun continued, “Chinese civilization dates back 5,000 years, and what’s been accumulated throughout the course of history is the utmost treasure. It’s always been my desire and honor to help preserve the wealth of history in this ever-changing world.”

In the Q&A session open to the audience, Sun answered questions on the Monkey Head NFT, the follow-up plan of the Developer Sprint, the VIP Club, Genesis NFT, and more. Strong enthusiasm was on full display when the audience from different broadcast channels engaged in one question after another.

Over 400,000 viewers from across Europe, the Americas, Africa, and Southeast Asia watched the livestream and witnessed the launch of APENFT Marketplace. Sun thanked the audience for being supportive and invited them to participate in the Monkey Head NFT’s auction on the platform.

About APENFT

Officially registered in Singapore on March 29, 2021, APENFT is backed by the underlying technology of the TRON blockchain, with additional support from the world’s largest distributed storage system BitTorrent File System (BTFS). At the core of our mission, APENFT aims to facilitate the creator economy while catalyzing both financial and cultural inclusion in the metaverse. Our vision is to integrate both the virtual and the real worlds seamlessly. APENFT Foundation is the world’s first NFT art foundation that realizes crossover purchases. We aim to bridge conversations between stakeholders in the traditional art world and the digital art community emerging around NFTs, promote inclusiveness and diversity, broaden our multimedia audience, and increase all members’ engagement. In the future, our collection will be made available to the entire community through a series of curated online exhibitions in the metaverse.

About TRON DAO

TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of April 2022, it has over 89 million total user accounts on the blockchain, more than 3.1 billion total transactions, and over $8 billion in total value locked (TVL). In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO.

Website |Telegram |Medium |Twitter |Youtube

Contacts

• Miles Wang
• contact@apenft.io