The crypto-rapper accused of laundering billions of dollars from the 2016 Bitfinex hack created NFTs of her album artwork. Now their owner claims they’ve vanished from NFT marketplace OpenSea.
Earlier this week, Heather Morgan and her husband Ilya Lichtenstein werechargedwith conspiracy to launder cryptocurrency related to the 2016 Bitfinex hack; the Department of Justice announced that $3.6 billion worth of Bitcoin linked to the hack had been seized.
PerVICE News, two NFTs created by Morgan featuring her rap alter ego Razzlekhan are no longer visible on the NFT marketplace OpenSea, and their buyer—an OpenSea user with the address cancelopensea.eth—is less than pleased.
“The two token IDs of the NFTs she minted with the OpenSea contract were effectively gone. Just token IDs with no metadata or image,” the NFT buyer toldVICE, adding that, “Without question there is cause of action for a tort. No way to determine future value of something created by someone now infamous in this way.”
The buyer took aim at OpenSea’s ability to “delete an artist’s collection at whim based on the person’s actions outside of anything to do with OpenSea, effectively making the NFT purchased by the buyer worthless.”
The two NFTs in question were album covers for some of Morgan’s many rap videos as Razzlekhan, “Versace Bedouin” and “Social Distance.”
Both Morgan and Lichtenstein’s OpenSea profiles are no longer visible. However, blockchain recordsindicatethatthe NFTs in question were transacted by an Ethereum address linked to Heather Morgan, to the address linked to cancelopensea.eth.
In the DOJ’scriminal complaint, the pair were described as having engaged in a “diverse array” of virtual currency, including the purchase of NFTs.” No NFT marketplace was named in the document.
This is not the first time OpenSea has removed NFTs from its platform. InAugust last year, Pepe the Frog Meme NFTs were removed amid a copyright dispute.
What happened to Morgan’s NFTs?
Morgan’s NFTs were minted on OpenSea and purchased by the buyer on Tuesday 8, 2022, the same day Morgan and her husband were arrested.
The two NFTs were purchased for .10 ETH, which is currently worth approximately $300.
The buyer’s OpenSea profile—where the NFTs typically would appear—are no longer visible.
After the news broke about Morgan’s arrest, the NFT buyer reportedly said he was “just looking” through her OpenSea profile.
“At first was just curious on her ETH transactions…but then saw the two ‘album cover’ NFTs she had minted about a month ago. Figured it was a piece of crypto history. So I bought them,” they said.
Decrypthas reached out to OpenSea and cancelopensea.eth for comment, and will update this article should we receive a response.
Drake spends his time betting more than a million in Bitcoin (BTC) on Super Bowl matches when he’s not running through the six with his woes.
The award-winning rapper recently shared that he placed BTC bets worth a total of $1.26 million on the upcoming Superbowl match between the Cincinnati Bengals and the Los Angeles Rams.
Through the crypto sports betting platform Stake, the rapper bet over $471,000 for the Rams to be the winner, including overtime. Drake also expressed his confidence in the Rams’ wide receiver Odell Beckham Jr. The musician placed around $392,000 on Beckham having more than 62.5 receiving yards and another $392,000 on the wide receiver having over 0.5 anytime touchdown.
Drake wrote, “All bets are in on the family.” Beckham replied to the post saying, “it’s time.” This triggered a response from Bengals fan and football veteran Charles James. “Yep, you just confirmed it! I’m Cincinnati! Burrow for the win. Call a reasonable number.”
Related:Crypto exchange FTX.US to give away Bitcoin as part of Super Bowl ad
A few months back, the football star Odell Beckham Jr. partnered with Cash App and announced that he will take his NFL salary in BTC while promising to give back $1 million in BTC to his fans. The player’s 2021 season earnings are estimated to go up to $4.25 million. However, a sports analyst argued that Beckham faced losses because of the recent market crash and hefty taxes.
Meanwhile, the National Football League will be giving away limited-edition nonfungible tokens to fans who will be present in Super Bowl’s return to Los Angeles on February 13. The NFT will commemorate the game day by giving a customized digital keepsake that features the unique section and row of the attendee.
DeFi protocols Bunny Finance and Qubit announced plans of “restructuring.” The joint statement revealed that the two projects, governed by the development team until recently, will now be managed by a decentralized autonomous organization (DAO).
Restructuring, Not Disbanding
According to the official blog post, the community will be granted all the relevant authority once the transition to DAO is completed. Among other tasks, the members will have the power to upgrade contracts, alter fee structure, etc.
Bunny Finance also confirmed that the team will not “disband,” and they will continue compensating the victims for the losses. The DeFi yield farming aggregator also notified that they will keep tracking the exploiter.
Changing the protocol to a DAO will also include revision of the Bunny fee structure and stopping the protocol’s vaults from minting BUNNY tokens. Besides, the leveraged farming vaults and single asset vaults operated by borrowing assets from Qubit have already been ceased.
BSC-based DeFi project, Qubit also issued a brief statement, revealing that the team will reduce the number of its employees but clarified that it is not a dissolution. The original members of the MOUND team, composed of developers and entrepreneurs, will continue to develop the compensation project and trace the exploiter.
ADVERTISEMENT
The blog post also stated,
“All of the team’s tokens will be locked in the smart contracts owned by our community and the total profit generated by this contract will move to the compensation pool.”
This essentially means that the fees and reserves of the protocol will be allocated to existing holders while all the relevant users will be compensated. Additional profits will not be shared with the team anymore.
The Hack
X-Bridge, the cross-chain bridge of Qubit Finance, was exploited recently, resulting in a loss of $80 million worth of BNB tokens. For the uninitiated, the X-Bridge facilitates swapping tokens from the Ethereum blockchain to Binance Smart Chain, meaning when a user receives a BSC compatible BEP-20 token upon depositing an ERC-20 token to the bridge.
The blockchain security firm CertiK revealed that an error in the X-Bridge’s smart contract code allowed the bad actor(s) to withdraw tokens on BSC despite no tokens being deposited on Ethereum.
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.
On-chain analyst Willy Woo says Bitcoin (BTC) could increase its market cap by more than 20 times from current levels in the next decade.
In a new interview, the on-chain analyst says that Bitcoin could reach a market cap of nearly $20 trillion within 10 to 20 years.
“I think it [Bitcoin’s market cap] will be more. Maybe close to $20 trillion.”
Bitcoin is trading for $43,936 at time of writing while the flagship cryptocurrency’s market cap stands at slightly over $830 billion.
Woo says that whether Bitcoin realizes a multi-trillion market cap will be determined by how the regulatory landscape pans out.
“I think a lot’s got to do with how this plays out within regulation. A lot of unknowns right now.”
According to Woo, authorities in places such as Europe are impacting Bitcoin negatively by triggering fear, uncertainty and doubt (FUD).
“The central bankers, particularly in Europe, are dooming Bitcoin and there’s a lot of FUD right now. I think how that resolves matters.”
In 2021, the president of the European Central Bank, Christine Lagarde, branded Bitcoin a “highly speculative asset” used to conduct “funny business” and called for global cooperation aimed at regulating the flagship cryptocurrency.
Last month, vice-chair of the European Securities and Markets Authority Erik Thedeen called for the banning of Bitcoin mining in the Europe Union bloc.
The on-chain analyst also says that Bitcoin could end up failing to realize its full potential.
“There is a fair chance that it [Bitcoin] will be relegated to a ‘good try’ and will be a $1 trillion sort of exotic asset class and not something that’s major.”
[embedded content]
I
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Shiba Inu.
Ethereum (ETH)
ETH failed to push above $3,200 this week and fell back on the $3,000 support level yesterday, where the price is now consolidating. Despite this most recent pullback, the cryptocurrency had a stellar performance this week, with a 16% price increase in the past seven days.
The big question is if ETH can hold above $3,000. If it manages to do so, then bulls might be in a position for another shot at the $3,200 resistance in the coming week. If they fail, however, the cryptocurrency could fall to the next support level at $2,800, which would make it lose a critical psychological level ($3,000).
Looking ahead, the indicators remain bullish, which gives reasons to be optimistic. Buyers need to defend the $3,000 level. Otherwise, sellers may take over the price action in the coming week.
Chart by TradingView
Ripple (XRP)
XRP had a major breakout this week, with the price moving above the key resistance at $0.70 and quickly reaching $0.90 after that. Overall, it was a fantastic week for XRP with a 34% price increase.
However, it failed to push above $0.90 and is now found in a correction with support at $0.80. This is not surprising, considering the massive rally that happened not too long ago. If $0.80 fails, then XRP may fall all the way back on the $0.70 level, which is now acting as support (was resistance before the breakout).
The indicators are still bullish for XRP, and this pullback can also be explained by the daily RSI, which briefly entered overbought conditions during the rally and now fell back below 70 points. Once this correction is over, XRP may attempt a new rally to test the critical psychological level at $1.
Chart by TradingView
Cardano (ADA)
ADA also had a good week, but the resistance at $1.2 did not allow it to move higher, and it has been struggling since then. Nevertheless, the cryptocurrency closes the last seven days in green with a nice 9% price increase.
Considering the ongoing correction, ADA may fall back on the key support at $1.1 before any renewed rally can be expected. Even if this happens, the overall price action remains bullish, and after the pullback, ADA may rally once more and try to cross above $1.2.
The indicators remain bullish and seem likely to stay if ADA does not fall under the key support. This should prepare it for a nice rally next week if the bullish momentum resumes. On the other hand, a drop under $1.1 would likely push ADA into a bearish trend.
Chart by TradingView
Solana (SOL)
After a rally to $120, SOL failed to move higher, and since then, the price has been falling towards the key support at $100. It is unlikely for SOL to turn back right now, and a test of the key support appears probable. Despite the current correction, SOL still managed to close the past seven days in green with a 5% price increase.
Volume has been falling as price went higher last week, which was an early signal that SOL did not have the momentum to sustain the rally. The MACD remains bullish on the daily timeframe, but the histogram is showing a loss of momentum with lower highs.
Next week will be crucial for SOL, and buyers have to do their best to defend the $100 level. Any failure there will only embolden sellers to take SOL under $100, which would be a significant defeat.
Chart by TradingView
Shiba Inu (SHIB)
SHIB has been the best performer from our list, with a 50% price increase in the past seven days after a major breakout from the descending channel (in blue on the chart). Now, the price is consolidating above the key support at $0.000029.
If this consolidation continues and the support level holds, then SHIB may chart another leg up, which could take it all the way to $0.000040. The indicators remain bullish for now, and the only concern is the decreasing volume, which may cast some doubts on the strength of this rally.
Looking ahead, SHIB has put an end to the downtrend and started a new surge with a bang. It is unlikely for SHIB to make a lower low considering this latest development. Therefore, the most probable scenario now seems to be a consolidation or continuation of the rally.
Chart by TradingView
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
The crypto market appears to have shrugged off weeks of lackluster performance as the price of Bitcoin (BTC) rose 14.5% over the past week to its current value of just over $43,000, according to CoinMarketCap.
Bitcoin slid by nearly 3% over the day after peaking above $45,500 on Thursday, but is now well above this year’s bottom of $33,500 seen on January 24.
This may still be not enough for some investors, though, with recent analysis by asset manager Blockforce Capital indicating that the average price investors bought Bitcoin at over the last five months is $47,000.
According to Blockforce Capital’s Brett Munster, this means that “on average, anyone who bought during that period has probably lost money and might not be inclined to buy more until they break even.”
Blockforce sees $47,000 as a “key threshold” for the price of Bitcoin, which, coincidentally, is also the 200-day moving average for the benchmark cryptocurrency—”a widely recognized indicator for determining which direction markets are trending in both the crypto and traditional markets.”
“This threshold could provide resistance as those recent buyers may look to recoup their investment and sell off,” wrote Munster. “However, should we break through and stay above this $47,000 threshold, it could provide those recent investors with the confidence to re-enter the market and start buying again.”
Source: Blockforce Capital / Glassnode
Currently, Bitcoin is down 37% from its November 2021 all-time high above $69,000, and while Blockforce reckons that “it’s still too early to declare with any certainty that $33k was the bottom,” the firm says there are reasons to believe that “there is now much more asymmetry to the upside than downside.”
“That doesn’t mean Bitcoin couldn’t fall back down again, but the data seems to suggest that the upside potential now outweighs the downside,” added Munster.
Ethereum
Meanwhile Ethereum (ETH), the second-largest cryptocurrency after Bitcoin in terms of market capitalization, is down nearly 5% over the day, currently trading hands at just under $3,100, per CoinMarketCap.
That said, the coin has gained over 9% in value over the past seven days.
Ethereum is facing increasing competition from the growing crop of proof-of-stake blockchains, including Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX); however, some industry figures are quite bullish on the coin’s long-term future.
CEO of Canadian digital assets exchange NDAX Bilal Hammoud is one of them, predicting that the price of ETH will reach $10,000 by the end of 2022 as the coin’s value increases due to its scarcity and its imminent transition to proof-of-stake (PoS).
“Ethereum’s latest upgrade turned into a deflationary asset. Proof-of-stake will further lock up ETH for staking rewards, which in theory should influence the price to go up as supply decreases, while demand increases,” Hammoud said during a recent panel conducted by personal finance comparison site Finder.
The latest NFT of former US First Lady Melania Trump was recently sold at 180,000 SOL ($170,000 at the time of purchase).
The NFT is a wide-brimmed white hat she wore during the French President Macron’s state visit to Washington.
While Melania seems to build her own business empire, the crypto community quickly caught something strange in the selling activity.
According to blockchain data, the NFT buyer was coincidentally…the NFT creator.
A Strange Trump Tale
In December 2021, Melania became the “crypto queen” after her announcement of NFT release.
The official news marked the former US First Lady’s major move towards crypto space. At that time, Melania stated that her life-inspired artwork was selling as NFTs and would be launched on the Solana blockchain.
The announcement also implied more collections to come in the future after the first NFT release of “Melania’s Vision.”
At the time, the collection featured NFTs depicting her eyes at 1 SOL. All proceeds from the sale will be donated to charities that help children under her name.
Everyone is Entering the NFT Market – Everyone
The former First Lady seems committed to her words.
By the end of January 2022, she continued to announce the release of a new NFT collection called “Head of State Collection, 2022”, which depicts the image of Mrs. Trump wearing a white hat during the reception for French President Emmanuel Macron at the White House in 2018.
In this press release announcing the auction of the NFT, Melania Trump’s representative said that an offer to buy for up to 1,800 SOL ($250,000 at the time) was sent. The money raised will continue to be used for charity activities for children.
The auction then went smoothly, with the final sale price still being 1,800 SOL. However, due to the correction of the cryptocurrency market during mid-January, the cash value of the above amount is only 170,000 USD.
But latest findings showed that the scenario seemed too good to be true. Following a series of transactions on the Solana blockchain, it can be clearly seen that the seller and buyer of Melania Trump’s NFT are most likely the same.
Washing The Tape?
Melania Trump previously revealed her intention to venture into NFTs last year, describing it as a blend of her passion for art and devotion to supporting our Nation’s children to fulfill their own unique American Dream.
The deal proceeded in the following order. The first wallet address sent 372,657.64 USDC to an intermediary address, and then converted part of this amount to 1,816.08 SOL via DEX Raydium.
This intermediary address sent 1,800 SOL to the second address, which was also the address that won the auction. The first address received 1,800 SOL and sent this amount to the intermediary address, then it used Raydium to swap the other SOL back to USDC.
It was only when following the cash flow path in the series of transactions that people are “impressed” to learn that the buyer of the NFT hat is the seller.
Melania’s representatives showed strong belief in blockchain transparency:
“The nature of Blockchain protocol is entirely transparent. Accordingly, the public can view each transaction on the blockchain. The transaction was facilitated on behalf of a third-party buyer.”
It remains questionable whether Melania Trump NFT was a wash trade although blockchain data is well-known for its transparency and reliability.
The incident is not the first time that NFT projects have been questioned for their real value.
Bored Ape Yacht Club (BAYC) is the famous one that recently faces accusation of paying celebrities to buy NFT BAYC or giving them NFT directly to both do media and push the price
Meanwhile, there are no further comments on the newly announced set of events from Melania’s side.
One hypothesis of this strange act is that the buyer uses cash instead of cryptocurrency and he must have made an indirect transaction through Melania’s side.
Important Note: There have been reports of scammers approaching companies via Telegram, LinkedIn and Other Social platforms purporting to represent Blockonomi and offer advertising offers. We will never approach anyone directly. Please always make contact with us via our contact page here.
[PRESS RELEASE – Ljubljana, Slovenia, 10th February 2022]
Authtrail, a blockchain-based data integrity SaaS platform, designed to add integrity and quality to enterprise data, has announced an invitation-only Community round to further boost their Web3-based platform adoption. After raising $3.6M from multiple VCs and angel investors in 2021, the exclusive Community round will be a one-time opportunity for contributors to acquire AUT tokens at a considerably lower price than the rest of the public that will participate later on in the public Crowdsale. The upcoming Community will distribute 30 million $AUT tokens to whitelisted community members, raising an additional $6M.
AUT token and Community Round
Authtrail is a Moonbeam-based, market-ready data integrity platform that helps enterprises improve their data integrity cost-effectively, and thus optimizes performance and boosts their market reputation. The Authtrail platform ensures data integrity through hashing and anchoring data on the blockchain network and is one of the first real-life cases of Web3 adoption at the enterprise level.
Powering the Authtrail ecosystem is the AUT utility token. It supports data hashing and anchoring on the Authtrail platform. Additionally, the token’s value is linked to platform adoption: more users means a higher token usage, driving up the potential value of AUT.
The upcoming Community round allows early exposure to the AUT token. There will be two individual rounds during this event:
Community Firstcomers Round: for the first 1,000 contributors. Contributions start at $1,000 and are capped at $5,000 per user.
Community Round: first-come, first-serve basis. Contributions start at $1,000 and have no upper cap.
During the Authtrail Community round, a total of 30 million AUT – of the maximum supply of 150 million AUT – will be made available. Tokens will be priced at $0.2 per AUT, which is half the price of the token in the Public round.
Tokens will adhere to a vesting schedule of twelve months, with a three-month cliff and equal vesting in months 4-12.
The Community round is only accessible to Authtrail community members and requires whitelisting. To register, visit the sign-up page.
The Community round is not available to residents in the United States, Canada, the People’s Republic of China, the Democratic People’s Republic of Korea, Cuba, Syria, Iran, Sudan, the People’s Republic of Crimea Region of Ukraine, and Singapore.
About Authtrail
Authtrail bridges the gap between valuable enterprise data and blockchain technology. By anchoring data in bundles to the blockchain network, Authtrail enables faster and cheaper blockchain transactions compared to other solutions.
Enterprises can integrate this new solution by foregoing the need to deal with complex code snippets. Instead, Authtrail’s intuitive integration and user interface make the transition a breeze. Users benefit from a complete overview of enterprise or product data history without compromising security or capacity.
With Authtrail, companies can gain a new competitive edge – while continuing their business as usual, they show they can be trusted and collaborated with, can easily access relevant and verified data internally, and help end-users, auditors, and/or regulators to gain trust in their data.
In other words, Authtrail helps digitized organizations boost productivity thanks to more efficient daily operations while minimizing the cost of data management at large. This way, quality and trustworthy data, guaranteed by Authtrail, builds better businesses and opens new growth opportunities.
Authtrail strives to boost the adoption of blockchain technology in the enterprise world which will increase the value of AUT token with time. By bringing Web3 to the doorstep of larger organizations, Authtrail is one of the first real-life adoption cases in the enterprise environment.
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.
Blockchain-based insurance protocol InsurAce.io has revealed the approval of a development grant from NEAR protocol. This development will enable InsurAce.io to develop various innovative products within its ecosystem.
Major milestone for InsurAce.io
The acquisition of the grant is a major milestone for InsurAce.io, which has continued to record steady growth since its launch in April 2021. The insurance protocol has provided a decentralized solution towards delivering insurance products and protection to DeFi products.
NEAR Protocol is a sharded, Proof-of-Stake a layer-one blockchain that makes it easy for developers and teams to build decentralized apps and products.
It combines EVM (Ethereum Virtual Machine) and Rust technology to create a highly scalable architecture that can process many transactions and provide interoperability features. NEAR Protocol also runs a $250 million grant that allocates funding to different DeFi projects that can provide value within its ecosystem.
With the grant, InsurAce.io will be able to collaborate with NEAR Protocol to achieve a unified goal of creating a multi-chain ecosystem. Furthermore, the insurance protocol will also be able to take a major step towards adoption and become a leading player within the blockchain industry.
An innovative blockchain protocol
Since its launch in April 2021, InsurAce.io has emerged as one of the fastest-growing blockchain projects. This is due to its innovative approach towards providing insurance products and protections to DeFi projects.
The DeFi sector is still relatively new, and many protocols are vulnerable to hack attacks and smart contract exploitation. InsurAce.io provides a robust insurance service to defi protocols to protect their protocols without traditional insurance platforms’ complex processes and requirements.
There is no need for KYC, and InsurAce.io provides cross-chain coverage for users and low pricing plans. In addition, all activities and transactions are stored on-chain and can be accessed by all stakeholders providing a fair and transparent insurance claiming process.
Currently, it offers protection for smart contract risks, custodian risks, IDO event risks and stablecoin de-peg risks. The blockchain protocol has also secured partnerships with coverage to over 100 protocols and secures over $200 million worth of DeFi assets on over 15 public chains.
Liquidity providers can also delegate their capital to underwrite insurance risks in supported pools in exchange for rewards in INSUR tokens. This provides investors with a low-risk passive income opportunity to generate sustainable returns for their investments.
More developments in the future
The team behind InsurAce.io have continued to work towards achieving the timelines on its roadmap. As a result, there are plans to launch a few products in the coming months. Some of which include adding new insurance products, launching a multi-chain aggregator, and deploying to new EVM chains.
InsurAce.io also plans to list INSUR tokens on multiple centralized and decentralized exchanges to foster its adoption in the coming weeks.
Important Note: There have been reports of scammers approaching companies via Telegram, LinkedIn and Other Social platforms purporting to represent Blockonomi and offer advertising offers. We will never approach anyone directly. Please always make contact with us via our contact page here.
Gamers and creators now have another good reason to get excited. Bulliverse is a fantasy Metaverse island! Gamers can enjoy an immersive environment, earn rewards, and create thrilling experiences.
Built for the Web 3.0, and designed to reach the standards of the innovative play-to-earn trends, Bulliverse is the real deal.
Designed to evolve into a full community Metaverse governance, this Decentralized Autonomous Organization (DAO), will build its own self management, as players increase the use of the native token, the Bull.
Enter The Bulliverse
The features that make Bulliverse ¨The Metaverse¨ are full digital asset ownership, the dazzling game creation, and decentralized governance.
It also features fair reward mechanisms and, most of all, an incredible immersive experience.
All these assets add up to player satisfaction!
More than a gaming ecosystem, Bullieverse believes in rewarding the community for their loyalty and time.
Users can not only fully own their NFTs and use them to play, but also rent and lease them to other players.
Self created events, the Marketplace, and other community activities will be the spaces to trade and make profitable deals.
Interoperation with other Metaverse economies is on the developers projects table as well.
Bullieverse´s vision is to form a loyal native community that loves its NFT designs, simple game creation, and immersive playing.
Bullieverse Business Model
The revenue that will drive Bulliverse are – gamers spending, Metaverse development and NFT asset sales (gaming avatars, in-game assets, land sales and game portals).
Creators also spend into the ecosystem and partnerships (sponsorships and advertising) will drive profits too!
The DAO receives a share of the transactions. When one of the community members makes profits through an event, a share of the generated revenue will go to the DAO.
Partners and Investors
Those willing to advertise on their platform, sponsor events, or those who wish to have some sort of in-game experience that could help them to enhance their brands, are welcome.
Investors so far include:
6thMan Ventures
OkEk Ventures
Fundamental Labs
Rainmaker Games
Double Peak
Good Games Guild
Draper Dragon Roark
Spark Digital Capital
Gala Games
C2 Ventures
And more!
Bull token holders, gamers, creators, NFT holders, gaming guilds and asset owners, will be Bullieverse´s clients.
The company aims to create a strong and loyal community, with gamers who understand NFTs, and are ideally native 3.0 web users.
The Team
Bulliverse is backed by an extremely talented team of industry professionals.
Srini Anala
Co Founder & CEO. He worked in various leadership roles in Operations and Engineering at UBS, Goldman, Reuters and Capital One. He also delivered multi-billion dollar Fintech successful products.
Murali Reddy
Co Founder & CEO. He’s a serial entrepreneur with more than a decade experience in leading high performance teams in finances, at IBM, Oracle and Yodlee. He’s responsible for making sure all operations run efficiently and smoothly. Leadership Coach, Cryptographer and Blockchain Keynote speaker.
Sanjit Daniel
Head of Game Engineer. Held leadership roles in Sony R&D and Hedean. Over 20 years experience in hard-core programming at OpenGL, C++, and Real-time 3D Graphics. Also engine architecture and GPU/Shader programming, VR/AR/MR.
Arunkumar Krishnakumar
Chief Growth Officer. More than 19 years experience in financial services, tech, consulting and venture capital. Author of 2 books, one of them being Blockchain and Quantum Computing. Founder and deployer of 2 VC funds and respected member of their boards. He also holds a Master from LSE, and a Postgraduate diploma from Oxford University.
Roadmap
Bulliverse has a big 2022 planned with loads of important milestones coming soon!
Cow NFTs. Staking Dashboard. DAO Governance. 3D Cow Avatar.
Q4 2022
Mobile Support. DAO Governance & Staking. Annual COBI Virtual Summit in the Metaverse. Breeding.
2023
Bullieverse Creation Engine and Metaverse Full Launch.
Similar Platforms Making it in the Market
Bullieverse was indeed inspired by many other metaverse games, but it also addressed several strategic and tactical differences, to boost the users´experience.
It is well placed to grow in this exciting sector.
Here are some examples of other successful platforms in the same space:
Roblox
This successful game is a native Web 2.0, and therefore it is not allowed to remunerate its gamers and creators community like a native Web 3.0 can.
Axie
Axie is not designed to hold the users´ attention for too long. It’s designed to earn. In Bullieverse, even PubG and Fortnite fans will experience the four games on the 2022 Roadmap. And creators will also be able to launch their own games, for their NFT communities.
Sandbox
Built on Unity, Sandbox cannot offer the gaming experience that Bullieverse, running on Unreal Engine displays.
We could say that Sandbox is geared to a younger audience, while Bullieverse offers a more realistic experience, for a larger audience.
Go To Market Strategy
Bullieverse intends to build a strong and vibrant community, before launching the alpha phase of the Creator engine. NFTs were sold with that purpose.
User ownership, DAO governance, decentralized marketplace and play-and-earn rewards should do the trick.
Bullieverse will also reach out to social media streamers, to expand their base of players and therefore, thrust the ecosystem´s economy.
The player can create his/her own worlds, by introducing Game Portals freely on the Land, and then teleporting to gain access to them.
Land on the other hand, is the place to host community events or crafting experiences. Coordinating with other landowners is another alternative.
Bullieverse is built on Unreal Engine, giving game developers who love control and technical freedom what they want.
Nevertheless, users with no coding knowledge can build games using templates and assets. The learning curve is exponential; always increasing the complexity levels.
In the line of the classic MMORPG (Massively Multiplayer Online Role-playing Game), MOBA (Multiplayer Online Battle Arena), Battle Royale, Survival and Sandbox.
The Bullieverse Creation Engine will give users the power to create games of their own.
The initial set of games to be launched by Bullieverse include:
Bear Hunt
A single player objective-based game designed to win NFT rewards
Island Treasure Hunt
An MMO (Massive Multiplayer Online Game) exploration game, also designed to earn token rewards.
Bull Royale
An MMORPG where your team competes with other teams, accessing through Game Portals and earning tokens too.
Arcade games like point and shoot basketball and Bull Run are included.
Getting Started With Bulliverse
Players Access citizenship simply by holding a Bull NFT. In 2021, 10,000 Bull NFTs were launched, and are currently owned by some 2,300 wallets.
A collection of 10.000 unique bulls NFTs varying skin colors, clothing, horns, facial expressions and accessories is available.
Once the player fully owns his/her 3D customized bull, he/she can play-to-earn, create-to-earn, own assets and land, and get higher rewards through more NFTs or Shell tokens.
The Tokens
Bull tokens are the governance tokens, with which a player can vote resolutions, or link key decisions on the game´s decentralization process.
Whereas Shell tokens are the ones that keep the platform liquid, to fuel the play-to-earn and the create-to-earn experiences.
Transactions of Bull tokens will be done through smart contracts, mainly by three actors:
The Bullieverse Foundation, that acts as the incubator for the creation engine, and will share a part of every consequent revenue.
The Staking Pool, which is designed to reward Bull token holders.
The Bullieverse Treasury, which represents the Bulls owned by the foundation. This feature will finance the operational expenses.
Bulliverse is Built to Grow
A scalable, secure and rich gaming platform built on Ethereum and Polygon, for Web3.0 can’t fail.
The formidable graphics, and the play-to-earn and create-to-earn paradigms, can only lead to the growth of an enthusiast community.
Bullieverse is already working on their in-game creator engine SnowCrash.
To learn more about Bulliverse – please click here!
Important Note: There have been reports of scammers approaching companies via Telegram, LinkedIn and Other Social platforms purporting to represent Blockonomi and offer advertising offers. We will never approach anyone directly. Please always make contact with us via our contact page here.
