Category: NFT Investment

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining cryptocurrency exchange Cryptocurrency Investment Cryptocurrency news HYIPs Investment News NFT Investment

Meta set to start testing NFT on Instagram Stories with SparkAR

Earlier this week, Meta also announced that it would join other tech companies in creating a metaverse standards body.

Instagram parent company Meta announced on Wednesday that it will begin testing NFTs on Instagram Stories using its SparkAR augmented reality platform.

CEO Mark Zuckerberg said of the announcement, “We’re expanding our test so more creators around the world can display their NFTs on Instagram.” The company also mentioned in a recent article: “Creators and collectors will be able to share their digital collectibles on Facebook and Instagram after we begin rolling out the feature on Facebook with select US creators at a later date.”

Zuckerberg confirmed that Facebook is set to support NFT in the future:

“Soon we will also be bringing this feature to Facebook, starting with a small group of creators in the US, so people can cross-post on Instagram and Facebook. We will also be testing NFT on Instagram Stories with SparkAR soon."

In May, Meta launched digital collectibles described by the company as “a new way for consumers and creators to share NFTs on Instagram.”

Earlier this week, Meta also announced that it would join other tech companies in creating a metaverse standards body. The group intends to build the next version of the web and develop a shared spirit for Web3 and the metaverse. Some of the companies that have joined the initiative are Adobe, Epic Games, Microsoft, Nvidia and Qualcomm; Apple was conspicuous by its absence in the package.

Meta is not the only company looking to integrate NFT. It followed social media competitor Twitter, which brought NFT to its platform in January. Twitter’s NFT support allowed users to link ether-based wallets to their accounts and display their artwork as profile pictures. eBay recently acquired the Ethereum-based NFT marketplace KnownOrigin, expanding its foray into Web3. Even existing DeFi companies such as Uniswap are beginning to enter the NFT and metaverse markets with the recent acquisition of NFT aggregator Genie.

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Crypto Mining cryptocurrency exchange Cryptocurrency Investment Cryptocurrency news Investment News NFT Investment

Japan’s Largest Bitcoin Lightning Community Partners With Tokyo’s Largest Real Estate Company

Diamond Hands, Japan’s largest Lightning Network community, is partnering with a major real estate company in Tokyo for a joint research project for wider adoption.

Japan's largest Lightning community, Diamond Hands, is teaming up with one of the largest real estate companies, Open House Group, in Tokyo for a joint research project.

Open House will investigate how to leverage the Bitcoin Lightning Network for real estate transactions in the region.

The real estate company will also look to develop infrastructure practices for companies in the area looking to adopt the Lightning Network.

Open House Group Company Limited, a major real estate company in the Tokyo metropolitan area, is sponsoring Japan’s largest Lightning Network community, known as Diamond Hands, in a joint research project, according to a press release sent to Bitcoin. . Magazine.

Open House will sponsor Diamond Hands’ advocacy and outreach efforts in its pursuit of greater adoption of the Lightning Network in the region. The Lightning community will join Open House on internal research and development and community development projects regarding Lightning adoption for individual users and businesses.

In addition, Open House seeks to strengthen its understanding of the ecosystem by exploring full-node business operations for enterprises. This research will include secure data storage on personal devices and cloud databases on full nodes in real estate, leveraging layer two Bitcoin technology for real estate transactions and how to route payments on the Lightning Network.

Previously, Diamond Hands made headlines for its partnership with bitcoin gaming company ZEBEDEE, in which the two organizations, along with Mimesis Capital, joined forces to strengthen Lightning adoption in Asia.

Consequently, Mimesis Capital, being a bitcoin-focused family office, planned to leverage Diamond Hands connections to offer business advice to companies looking to integrate the Lightning Network into their professions. Additionally, ZEBEDEE sought to build infrastructure to enable high levels of bitcoin gaming in the region.

“The Diamond Hands community has played a key role in the adoption of Lightning for individuals and businesses in Japan over the past year, but we look forward to taking this forward by collaborating with businesses and international communities,” Koji Higashi, co-organizer of Diamond Hands had previously stated.

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet cryptocurrency exchange Cryptocurrency Investment Cryptocurrency news Investment News NFT Investment

AliBaba launches NFT tools despite Chinese crackdown

Alibaba Cloud, a subsidiary of Alibaba Group, announced the launch of non-fungible token (NFT) solutions. The IT company will also build NFT marketplaces, including web hosting and content management. Meanwhile, the Chinese government has taken a very restrictive approach to digital assets.

Alibaba will help users create an NFT marketplace

NFTs have become very famous in the digital asset markets lately. Alibaba Cloud mentioned that these tokens can represent exclusive ownership of items for different digital assets as well as non-digital assets including concert tickets and invoices. As non-fungible tokens are irreplaceable. This helps the NFT artist to monetize their products.

The release mentions that Alibaba Cloud Elastic Compute Service (ECS) and auto-scaling will help the user to build an NFT marketplace. The IT company mentioned that these digital assets will soon be growing in the metaverse.

According to his blog, mainstream audiences are hesitant to fully embrace the possibilities the metaverse has to offer. However, stating that a survey conducted by Harris Poll showed that only 38% of Gen Z respondents think the Metaverse is the next big thing. He added that the virtual world will be part of our lives for the next decade.

China imposes strict rules on digital assets

The Chinese authority has issued major warnings about business risks in NFTs. Meanwhile, cryptocurrencies are banned in mainland China. However, the government has signaled that it has no intention of banning NFTs. This has led to giants like Alibaba and Tencent to file new NFT patents in the past.

Meanwhile, popular Chinese apps like WeChat Pay have recently suspended accounts that purchased these NFTs. According to reports, Xihu No.1 digital collection platform was one of the excluded projects. The lack of transparency and confusion on the part of the government kept people waiting.

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining cryptocurrency exchange Cryptocurrency Investment Cryptocurrency news HYIPs NFT Investment

Caribbean Islands, Dubai, Mumbai: Bitcoin Cash Adoption Continues to Grow Worldwide

Bitcoin Cash supporters have been known to spread adoption over the years and 2022 is no different. This year, the peer-to-peer cryptocurrency bitcoin cash has seen significant adoption in the Caribbean islands, along with places like Dubai and Mumbai.

Bitcoin Cash Advocates Continue to Promote Peer-to-Peer Cryptocurrency Adoption

According to the map.bitcoin.com website, there are thousands of merchants around the world that accept bitcoin cash (BCH) for goods and services. Additionally, if one visits the r/btc Reddit forum, one will notice a plethora of posts highlighting adoption in places like Dubai, Mumbai, St. Kitts and Nevis, and St. Marten.

Bitcoin.com News previously reported on St. Maarten, Rolando Brison, revealing that he requested that his entire salary be converted into bitcoin cash. Map.bitcoin.com indicates that there are more than 160 merchants that accept BCH in the region.

Bitcoin Cash is now accepted by the Caribeeats platform (caribeeats.com) and BCH can be used to deliver food and groceries to more than 15 different countries. Caribeeats serves regions such as Barbados, Dominica, Grenada, USA, Jamaica, Montserrat, St. Saint Kitts, St. Lucia and much more.

Starting today, https://t.co/jo5L9YGhz9 accepts #BitcoinCash! Try it today in #Antigua #BVI #Barbados #Bahamas #Caribbean #Grenada #GUYANA #London #Trinidad #USA https://t.co/K8GOsZM66j pic.twitter.com/SQxZRcVPAp

— Roger Ver (@rogerkver) May 28, 2022

Numerous Reddit and map.bitcoin.com posts reveal that BCH is beginning to make a presence in Dubai at establishments such as Masala Mantra, Tandoori Junction, Great Wok, Bermuda Diving Center, X Factor Restaurant, Franck Muller Middle East and India, Perfetto Pizzeria and Business Town.

Similarly, BCH adoption is also taking place in India’s de facto financial hub, Mumbai. In mid-April, Hosanna House Montessori School, an all-boys school located in Mumbai, announced that it had become the first Montessori school in India to accept BCH.

On June 2, the Nahar Medical Center revealed that it has become the first medical center in India to accept bitcoin cash. In Mumbai, BCH is also accepted at Jayant, Paramount Sports n Nutrition, Vig Refreshments, Super Waves, Copa, and Haute Dog Pet Salon & Boutique Store.

Bitcoin Cash has been gaining significant adoption in the twin-island Caribbean nation of St. Kitts and Nevis, as the region has a total of 159 merchants accepting BCH, according to map.bitcoin.com. Last month, Club Dubai in St. Kitts revealed that it accepts bitcoin cash (BCH) payments, and Kentucky Fried Chicken (KFC) in St. Kitts adopted BCH.

Bitcoin cash is also accepted at Burger King St. Kitts and the Panda supermarket on the island accept BCH. in St. Kitts, the crypto is also accepted at Sun Island Clothes, Karma Asian Cuisine, Econo Retail Shop, and Oracle Martial Arts Academy.

Merchants that accept bitcoin cash are prominent in several other regions of the world, including Anguilla, Antigua, Japan, Venezuela, Slovenia, Australia, Philippines, Vietnam, Ghana, Zimbabwe, Argentina, and more. Additionally, a good portion of businesses that accept BCH for payments accept the digital currency directly, rather than using a third party or payment processor.

Businesses that accept cryptocurrencies can be found at map.bitcoin.com, but BCH users can also take advantage of the Green Pages and Acceptbitcoin.cash websites to view physical and online merchants that accept peer-to-peer cryptocurrency assets.

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining cryptocurrency exchange Cryptocurrency news Investment News NFT Investment

Team Terra officially activates the Terra 2.0 Pheonix-1 mainnet

The official Terra 2.0 launch announcement is finally here, as the team activates the Terra 2.0 Pheonix-1 mainnet by generating the first block on the blockchain network. The official announcement from Earth says:

Block 1 of the new Terra blockchain (with chain_id of "Phoenix-1") was officially produced at 06:00 UTC on May 28, 2022! Kudos to the #LUNAtic community for this quick collaboration.

The announcement adds that LUNA token qualifiers can check their wallet balances by selecting the new Phoenix 1 network via the Terra Station browser extension. Terra founder Do Kwon wrote:

To see your $LUNA (or $LUNA2 as some exchanges call them) token balances, you just need to login to the station and refresh the page For new users coming from IBC and others, create a station wallet with the same book and station guide you through the remaining steps

With their new liquid LUNA tokens, users can do a number of things, such as staking on Terra Station to earn rewards. Users can use them in dApps after launch, trade them, and even participate in governance decisions.

Terra 2.0 is a completely new blockchain and not a fork. As a result, dApps running on Terra Classic must be restarted on the new chain. Some of the dApps have already migrated to the new chain, including RandomEarth, Astroport, Spectrum, Prism, Nebula, EdgeProtocol, TerraSwap, and others.

How to verify LUNA bet?

Terra explains that for the portion of the LUNA airdrop that is already staked and purchased, users need to follow a simple three-step process.

Open the Terra Station desktop app

Select Phoenix-1 network

Click on the "bet:" tab to see the coins wagered and the validator being wagered for.

Users are free to choose the validator of their choice and start earning staking rewards. Users can do this by redelegating or delegating and then delegating the share again.

Users will continue to receive staking rewards even when their LUNA is staking and in the process of being acquired.

“Today marks the beginning of the next chapter for the Terra community; one where our potential is limitless and our collective creativity can flourish,” says Terra.