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My Neighbor Alice and ELLE: a Groundbreaking Collaboration for an Unprecedented Web3 Gaming Experience

by Blockchain NewsMay 25, 2023

STOCKHOLM-– MAY 25, 2023 – In a landmark partnership, My Neighbor Alice (MNA) has teamed up with the iconic brand ELLE to create a unique and immersive gaming experience that showcases the best of both worlds. This collaboration is set to demonstrate MNA’s ability to integrate brands successfully into its gaming universe in preparation for more partnerships in the future.

This collaboration aims to merge the distinct brand values of My Neighbor Alice and ELLE, providing players with a high-quality experience that seamlessly combines fashion, lifestyle, and gaming. ELLE will be incorporated into the game as a neighbor, with plots in each active region: Rusty Pikes and Tourney Wolds in Medieval Plains, Pioneer Point, Shaded Headland, and Gloomy Gulch in Nature’s Rest. Players will find each ELLE plot conveniently located near the Town Hub of their respective region.

To encourage player engagement, quests have been designed to allow gamers to acquire exclusive ELLE-branded items customized with an Alice twist. These quests will be integrated into the existing game quest system, accessible to players at the ELLE Café, a unique building placed within the ELLE plot.

Adding to the excitement, this partnership will introduce two limited ELLE Non-Fungible Tokens (NFTs) collections: the Mots d’Amour and the Wonder Collection, inspired by the real-life collections. The former will be available for purchase in the OpenSea marketplace, while the latter can only be obtained by crafting in the game. These items will be rewarded in NFTs, making them valuable to any player’s in-game inventory. The collaboration will result in three distinct collections: Rare, Epic, and Legendary.

The Rare Collection consists of 23 unique clothing items. The Epic Collection is a limited edition, featuring only 4 unique clothing items and The Legendary Collection is the most exclusive, featuring full-suit NFTs.

In addition to the NFTs included in the boxes, buyers can receive free exclusive NFTs through the airdrop system. If you want to learn more about this sale, we tell you all about it here. Also, the collection will be available on Opensea or Binance if you want to check it out!

This pioneering collaboration between My Neighbor Alice and ELLE will create an unparalleled gaming experience for players as they navigate the beautifully crafted world of My Neighbor Alice and engage with the stylish offerings from ELLE.

Keep an eye out for the upcoming launch of this exceptional partnership that promises to revolutionize the way brands and games interact. If you’re interested in learning more about the collaboration, check out the article on Elle’s website here.

Discord: https://discord.gg/myneighboralice

Telegram: https://t.me/MyNeighborAlice

Telegram Announcement: https://t.me/AliceAnnouncements

Twitter: https://twitter.com/MyNeighborAlice

Linkedin: https://www.linkedin.com/company/my-neighbor-alice/

About My Neighbor Alice

My Neighbor Alice is a groundbreaking multiplayer builder game being built on Chromia’s Blockchain that offers an engaging and accessible experience on a charming virtual island. Integrating Blockchain technology allows players to own and trade virtual assets (NFTs). The game’s marketplace enables players to buy, sell, and trade these NFTs, creating a dynamic and player-driven virtual economy. Players can earn rewards, monetize their creations, and engage in community events, fostering a sense of ownership and collaboration. With different strategic partnerships, MNA underscores the project’s dedication to promoting NFT ownership, encouraging a more engaging and interactive gaming community. My Neighbor Alice represents the future of gaming, combining virtual reality, blockchain, and decentralized finance to redefine how we interact with virtual worlds.

Source

D-Central Launches Innovative “Hash No Cash” Promotion Across North America

by Blockchain NewsMay 12, 2023

Laval, Canada, May 11th, 2023, Chainwire

Groundbreaking Initiative Revolutionizes ASIC Repair Services, Encourages Sustainability and Decentralization in Cryptocurrency Mining.

D-Central Technologies Inc., a pioneer in the cryptocurrency mining industry, is excited to announce the expansion of its revolutionary “Hash No Cash” program to all cryptocurrency miners in North America. This innovative initiative, previously accessible only to select clients, is now available to miners of all scales, dramatically transforming the landscape of ASIC repair services.

The “Hash No Cash” program allows D-Central to provide high-quality repair services for mining hardware at no cash cost, instead accepting broken hardware as payment. This innovative approach is a testament to D-Central’s commitment to fostering sustainable, accessible, and cost-effective solutions for miners.

“In the rapidly evolving world of cryptocurrency mining, the need for efficient and affordable repair services is more important than ever,” said Jonathan Bertrand, CEO of D-Central. “With the ‘Hash No Cash’ program, we’re making it easier for miners to maintain and repair their hardware, allowing them to keep their capital for strategic investments such as new hardware purchases.”

The “Hash No Cash” program also contributes to environmental sustainability by reducing electronic waste. By repairing and repurposing broken hardware, D-Central minimizes the demand for new equipment production, thereby reducing the environmental impact of cryptocurrency mining.

Furthermore, the program promotes decentralization in cryptocurrency mining. By making repaired hardware available to retail customers at affordable prices, D-Central is putting the power of ASICs into more hands, fostering the wider distribution of mining power.

“D-Central is committed to driving change within the cryptocurrency mining industry,” said Jonathan Bertrand. “Our goal is not just to provide repair services, but to create solutions that are financially viable, environmentally friendly, and conducive to the decentralization of mining power.”

Miners across North America are invited to take advantage of the “Hash No Cash” program. To learn more about the program or to get started, please visit: https://d-central.tech/

About D-Central

D-Central is a leading provider of cryptocurrency mining services, offering a wide range of solutions including ASIC repair services, mining support, and disinfection services. Since its establishment in 2016, D-Central has been committed to providing professional services tailored to the unique needs of the cryptocurrency mining industry. With a track record of delivering high-quality services and innovative solutions, D-Central continues to shape the future of cryptocurrency mining.

Contact

CEO
Jonathan Bertrand
D-Central Technologies Inc.
support@d-central.tech
18557539997
Source

Tagged : D-CENTRAL / HASH NO CASH / NORTH AMERICA / Press Release

JR Kyushu Railway Company Launches NFTs on Astar Network To Boost Customer Engagement

by Blockchain NewsMay 12, 2023

Tokyo, Japan, May 11th, 2023, Chainwire

The initiative will bring real-world utility to NFTs in Japan, enabling the railway operator to strengthen its customer relationship

Kyushu Railway Company (JR Kyushu) – part of Japan’s largest rail network, the Japan Railway Group – today announced that it will issue NFTs on top of the Astar Network, the smart contract platform for multichain, in collaboration with P.R.O. Co., Ltd. By distributing NFTs to its users, JR Kyushu aims to create new touch points with its users and enhance its existing relationship with its customers.

The JR Kyushu NFT project will kick off in July 2023 and provide riders with new ways to enjoy Kyushu while maintaining a holistic track record of their travel experience. As a first proof-of-concept, JR Kyushu and PRO will distribute a free NFT during the Blockchain Expo in Tokyo from May 10th-12th displaying the new Nishi Kyushu Shinkansen.

As part of Japan’s largest railway network, JR Kyushu runs intercity rail services in the country’s third largest island Kyushu. It is also engaged in freight services, bus transportation, hospitality, and other related services. JR Kyushu serves more than 330 million people a year.

The collaboration will bring real-world utility to non-fungible tokens (NFTs) in Japan. While NFTs are often used for trading and digital art, JR Kyushu aims to leverage the technology to provide visitors with memorabilia and proof of visiting, riding, and using their system.

Astar Network Founder Sota Watanabe said, “At Astar Network, we’re excited to see more real-life use cases of enterprises exploring and leveraging NFTs to build closer relationships with their customers and provide new value. We look forward to supporting PRO Japan and JR Kyushu in their endeavor.”

The railway operator chose Japan’s first public blockchain Astar Network for its low fees, high scalability, and the team’s deep understanding of the Japanese market. Astar is at the forefront of the NFT craze that’s sweeping across Japan as dozens of leading brands embrace the possibilities of Web3. In the past, Japan’s leading corporations including Toyota Motor Corporation and Sony Network Communications have worked with Astar Network to explore the opportunities in Web3.

Once the project launches in July, riders will be able to purchase commemorative NFTs or obtain them through the usage of the railway system. Depending on the NFTs held, riders might qualify for further benefits and access to limited NFTs. Users will be able to purchase NFTs using the Japanese yen.

Astar Network is the leading Layer-1 in Japan, having been voted the most popular blockchain in the country by the Japanese Blockchain Association. It is also the first public blockchain from the country to be listed there despite Japan’s strict listing regulations. Astar’s native token ASTR is registered as a cryptocurrency, not a security, by the Japanese government.

About Astar Network

Astar is Japan’s most popular smart contract platform, supporting both EVM and WebAssembly (Wasm) environments, and interoperability between them using a Cross-Virtual Machine. Astar Network is friendly to all kinds of developers, and the tools and languages they already know. Backed by the shared security of Polkadot, Astar shines brilliantly on its own within a vibrant and healthy ecosystem, and is a leading star in the blockchain industry overall, driving international corporate adoption, and consumer interest in web3 technologies.

Astar’s Build2Earn program is designed to grow the network in an innovative way, while simultaneously rewarding participants and builders. It allows developers to earn incentives for building and maintaining their decentralized applications, and users to earn incentives for supporting their favorite projects, all while encouraging growth of the ecosystem overall.

Contact

Maarten Henskens
press@astar.network
Source

Tagged : Astar / JR / KYUSHU / Nfts / Press Release / RAILWAY

Venom To Launch A Blockchain Hub With Kenyan Government

by Blockchain NewsMay 12, 2023

Abu Dhabi, UAE, May 10th, 2023, Chainwire

Venom Foundation has announced a strategic partnership with the Government of Kenya to establish a “blockchain hub” in Africa, focusing on the development of Web3 and blockchain technology applications. This collaboration aims to drive innovation in key sectors such as financial infrastructure, supply chain, agriculture, SMEs, and cross-border trade, benefiting Kenya and the entire African continent.

More than 84% of the Kenyan population have access to financial services through banks and fintech. However, with the implementation of blockchain infrastructure as a long term strategy it will further increase the value for the population, create more opportunities for the Kenyan domestic economy, create new international trade routes and add efficiency to intra African trade lines.

Venom Foundation’s expansion into Africa highlights the continent’s forward-thinking approach to adopting web3 and blockchain technologies, showcasing its commitment to embracing innovation and leading through implementation. By advocating for the adoption of blockchain technology, Venom Foundation seeks to empower African communities, create a bridge between traditional finance and trade with the web3 world, and stimulate regional economic growth by enabling seamless cross-border trade and transactions. Tangible benefits that can be realized include minimized transaction costs, enhanced security and transparency, increased access to financial services, expedited settlement times for cross-border transactions, and the creation of new investment opportunities through asset tokenization. These advancements hold considerable potential to substantially contribute to economic development and financial inclusion across the continent.

The blockchain hub will act as a central platform for forging partnerships with innovative companies, fostering knowledge sharing, networking, and collaboration among key stakeholders in the blockchain space, such as projects, entrepreneurs, and government officials based in Africa. Venom will also supply crucial tools and resources to support African countries in establishing a solid foundation for digital transformation. This includes blockchain-based solutions for supply chain management, land registry,

voting systems, tokenization of assets, and other areas where blockchain technology can make a significant impact. By implementing these solutions, the partnership aims to promote transparency, efficiency, and trust across various sectors throughout the continent.

Christopher Louis Tsu, CTO for the Venom Foundation, commented “Africa is already rich in natural resources and human capital, by bringing next generation blockchain technology to the continent it will empower the people and help not only Kenya but many other African nations to capitalize on their assets and participate in new global markets, competitively”

The Kenyan government also expressed enthusiasm for the partnership. Moses Kuria, the Cabinet Secretary for Investments, Trade and Industry, stated, “We are excited to work together with the Venom Foundation. This collaboration signifies the stance that we are taking towards next-generation technology, and financial and technological developments in the world. We believe that the establishment of this blockchain hub will catalyze further innovations in various industries, benefitting our people both nationally and globally.”

About Venom Foundation

Venom Foundation is licensed by the ADGM and enables the acceleration of global Web3 projects. The decentralized network operates under the jurisdiction of the Abu Dhabi Global Market (ADGM). The ADGM is an oasis for investors and financial services firms, positioning Venom as the world’s first compliant blockchain, affording authorities and enterprises the freedom to build, innovate, and scale.

A portfolio of in-house dApps and protocols has been developed on the Venom blockchain by various companies. With capabilities of dynamic sharding, low fees, ultra-fast speed and scalability, Venom harbors the potential to function as the main infrastructure for a global ecosystem of Web3 applications, possessing ultra-fast transaction speeds and infinite scalability to meet the demands of an ever expanding user base.

For more information about the Venom testnet launch, visit: Website

For more information about Venom Foundation, visit: Website | Twitter

Contact

Adam Newton
pr@venom.ventures
Source

Tagged : Blockchain / Government / HUB / KENYAN / Press Release / VENOM

VEXT is next for Veloce in Web3 evolution

by Blockchain NewsMay 5, 2023

London, United Kingdom, May 5th, 2023, Chainwire

VEXT is next for Veloce in Web3 evolution, London-based company to launch VEXT utility and governance token.

Veloce, the world’s leading digital racing media network, is diving into the world of Web3 with the launch of its new blockchain utility and governance token, VEXT.

Created in partnership with MDRxTech, experts in tech development and Web3 strategy, VEXT will allow the Veloce community to truly influence and govern key decentralised Veloce assets.

[embedded content]

The Veloce brand comprises of industry-leading gaming and racing platform, Veloce Esports, and race-winning outfit, Veloce Racing, currently competing in the renowned Extreme E championship.

Within this Veloce network are some of the most influential names in gaming and racing, including Mercedes AMG, Ferrari, McLaren, and Yas Heat, as well as established joint venture sub-brands, such as Lando Norris’ gaming and lifestyle brand Quadrant.

With the largest racing community in the world, attracting 35 million subscribers so far and hitting nearly one billion monthly views, the Veloce group represents a perfect fit for Web3.

VEXT will allow token holders to integrate within the Veloce ecosystem and have a tangible influence on the direction of assets within the Veloce group, including teams, talent, leagues, and content.

Token holders will also be able to transact across games and live interactive sports features, with rewards for engagement such as tokens, early access to merchandise, and real-world events for an enhanced user experience.

A VEXT integrated store, together with Veloce partners, will fully incorporate the Veloce network into a decentralised community, implementing further utility to onboard users and reward early adopters.

Details on VEXT and its platform will be released in the coming weeks, with multiple partnerships and integrations to be announced. Users who are interested in learning more about VEXT, can sign up on the website ahead of the public pre-sale which will be announced soon.

Rupert Svendsen-Cook, Co-Founder and Chief Executive Officer at Veloce, said: “This is the most exciting thing we have ever done. As a business, we have the two key ingredients for Web3: a globally engaged community and an incredible amount of utility. Our ultimate ambition is to become the first truly decentralised global sporting group.”

Tom Grogan, CEO of MDRxTech, said: “Evolving Veloce, already a pioneer and innovator within motorsports, is an incredible opportunity. They’re leveraging the best bits of Web3 – community participation and decentralisation – while providing real utility and control over an organisation millions of people already care deeply about. I’m so proud of the team who have worked so hard to engineer this product ready for launch and continue to be inspired by the Veloce team for their commitment to innovation and disruption in this incredible industry.”

About Veloce

Founded in 2018, Veloce is a multi-pillared gaming and sports media group operating across some of the most innovative, fast-growing, and future-focused sectors in the UK.

For more information:

About MDRxTech

Launched in 2020, MDRxTech is a digital transformation consultancy that delivers “compliant by design” transformation for clients across a wide range of sectors and geographies.

MDRxTech is comprised of management consultants, software developers, blockchain engineers, data scientists and designers who work closely with The Mishcon de Reya Group’s lawyers and regulatory specialists. MDRxTech specialises in new technologies with legal complexity such as artificial intelligence, machine learning, the metaverse and Web3 technologies such as blockchain, NFTs and cryptocurrencies. MDRxTech is part of The Mishcon de Reya Group, which includes award-winning law firm Mishcon de Reya, as well as other businesses including MDR Brand Management.

To learn more, please visit: https://mdrx.tech

Contact

Head of Digital Marketing
Louis Broomfield
Veloce Media Group
hi@velocemediagroup.com
Source

Tagged : Evolution / Press Release / T VELOCE / VEX / Web3

Jack Grealish and Oliver Heldens Debut Musical Collaboration with Exclusive DJ Set in OKX Collective Metaverse

by Blockchain NewsMay 5, 2023

MANCHESTER, UK, May 4th, 2023, Chainwire

Future house pioneer Oliver Heldens performs alongside Manchester City player Jack Grealish in first-of-its-kind ‘Mixing in the Metaverse’ DJ set

Exclusive musical performance includes new track created by Grealish and Heldens

OKX, one of the world’s leading Web3 technology companies, today hosted an exclusive DJ set performed by Manchester City star Jack Grealish and legendary DJ Oliver Heldens in its OKX Collective metaverse.

The ‘Mixing in the Metaverse’ experience includes a 15-minute set performed by metahuman avatars of Grealish and Heldens, who has been coaching Grealish on the turntables. The concert-like experience sees Grealish and Heldens debut a new, exclusive collaboration track and takes place in a futuristic stadium built in the Everdome metaverse.

Jack Grealish said: “I love music and I’ve wanted to try my hand at DJing for a long time. What I couldn’t have expected was that my DJing debut would come in the metaverse! The OKX Collective metaverse is unique and I’m honoured to share this special collab alongside a DJing legend like Oliver with fans from all over the world.”

Haider Rafique, Global Chief Marketing Officer at OKX, said: “For our third metaverse experience with Manchester City, we step into the virtual world to watch Jack try his hand on the decks alongside a legend of the future house genre. This fan experience is a great example of the one-of-a-kind immersive experiences we are building for fans. These opportunities are special in that they bring people intimately close to the players they love and their passions.”

Fans visiting the OKX Collective metaverse will be able to revisit the metaverse training experience OKX has launched with defender Ruben Dias and the tactical masterclass given by Manchester City Captain Ilkay Gundogan. Within the metaverse, fans can also enter competitions to win prizes, including passes to team trainings, match tickets and much more.

To enter the OKX Collective metaverse, fans simply need to click this link.

OKX is the official training kit partner of Manchester City for the 2022/23 season.

About OKX

OKX is the second-largest global crypto exchange by trading volume and a leading web3 technology company. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.

Contact

OKX
media@okx.com
Source

Tagged : Collaboration / DJ / JACK GREALISH / Metaverse / MUSICAL / Okx / OLIVER HELDENS / Press Release

FLUUS Announces $FLUUS Token Presale On FantomStarter Launchpad

by Blockchain NewsMay 5, 2023

Island Majuro, Marshall Islands, May 4th, 2023, Chainwire

Crypto payment startup FLUUS announced it will be conducting a presale of its native token $FLUUS on the FantomStarter launchpad. The token will be available to buy at a discounted rate on the platform from May 2 – 23, with whitelisting available until May 17, before it becomes available to trade publicly on major cryptocurrency exchanges from May 24 onwards.

FLUUS is creating a fiat-to-crypto on- and off-ramp that will provide consumers with access to Web3 services including token swapping and staking. It has created a best-in-class payment solution that’s designed to eliminate friction and simplify the process of entering and exiting the crypto economy for new users.

$FLUUS is a pre-minted utility token for the FLUUS payment platform, with a maximum supply capped at 1 billion. The token is designed to fulfill several use cases, providing fee reductions for developers that integrate FLUUS into their decentralized applications, and acting as a means of collateral for on- and off-ramp partners, in order to protect users against fraud or disputes. $FLUUS will also be rewarded to retail users as yield for providing capital to $FLUUS liquidity pools or staking $FLUUS tokens. Finally, it will serve as the main governance token for the FLUUS DAO that oversees the project, giving holders voting rights.

FantomStarter is a popular launchpad that allows investors to participate early in some of the most exciting Web3 ventures and crypto projects building on the Fantom blockchain. By providing capital to projects promoted on FantomStarter, investors gain early access to their native tokens before they’re publicly listed for sale. In the case of $FLUUS, early investors will have the opportunity to earn higher rewards once FLUUS’s staking programs launch.

To date, more than 27 projects have launched successful token presales on FantomStarter, including the AI- and crypto-powered marketing startup Chirpley and the DeFi- and NFT-farming focused platform Wingswap. FLUUS is anticipating big demand for $FLUUS in the FantomStarter token presale, as it exceeded the quorum of one million votes required to be listed on the platform in just two days. Moreover, the presale follows FLUUS’s successful first presale on the AllianceBlock’s Fundrs in March, when all tokens were sold out within just three hours.

FLUUS currently offers two flagship products, including FLUUS Pay, which is a regulated and compliant crypto ramping service delivered in partnership with fintech operators and money transfer networks, and FLUUS Auth, an SDK that enables developers to integrate secure and user-friendly Web3 onboarding into their applications.

FLUUS will use the funds from the presale to advance the development of these products and expand its crypto-to-fiat on- and off-ramping platform to a global audience.

About FLUUS

FLUUS is on a mission to enhance global access to Web3 and make cryptocurrency globally accessible, particularly in emerging markets. Its crypto on- and off-ramp makes it easier for web3 users to acquire and liquidate digital assets. Developers, meanwhile, can integrate FLUUS’ payment widget into their applications, delivering crypto conversion on demand.

Contact

Dan Edelstein
pr@marketacross.com
Source

Tagged : FANTOMSTARTER / FLUUS / Presale / Press Release / Token

Symmetry Launches Revolutionary Platform for Decentralized Crypto Indices and Actively Managed Funds on Solana

by Blockchain NewsMay 3, 2023

Paris, France, May 3rd, 2023, Chainwire

Today marks a groundbreaking step for decentralized finance (DeFi) on the Solana blockchain as Symmetry launches its highly anticipated User Interface at https://app.symmetry.fi/.

The platform aims to revolutionize the way users manage their portfolios through crypto indices and actively managed funds by providing an all-in-one solution for creating, managing, buying, and selling funds.

Symmetry is a decentralized Crypto Indices and Actively Managed Funds infrastructure layer built on Solana, powered by the Symmetry Engine. This innovative on-chain asset management infrastructure covers everything from on-chain funds, indices, and multi-token liquidity pools, to liquidity routing between indices and decentralized exchange (DEX) aggregators, and public APIs for other DeFi projects to integrate Symmetry products seamlessly.

The platform offers a wide range of opportunities for both fund managers and users. Managers can create and manage funds with multiple tokens that reweigh, rebalance, and refilter according to custom rules defined by the manager, or create a trustless Crypto Index with predefined rules. Users can create their own actively managed funds or indices and buy and sell funds created by other users or protocols.

Symmetry’s liquidity provision feature allows indices and actively managed funds to act as liquidity providers on DeFi aggregators such as PRISM and Jupiter when their token weights deviate from the target weights. This groundbreaking feature not only enables funds to rebalance at zero cost but also generates fees from aggregator users for fund managers and holders, a significant departure from traditional approaches where indices and funds typically pay fees on exchanges to rebalance.

The Symmetry Engine relies on Pyth, a reliable price oracle, to determine true prices for each asset utilized in Symmetry products. This is crucial for funds to accurately determine fund values, rebalancing triggers, and buy/sell values for users.

Example use-cases for Symmetry include decentralized index fund apps, decentralized fund management apps, treasury management tools, retail onboarding apps, copy-trading apps, and investing apps. The platform envisions a future where anyone can create an index fund, manage on-chain funds and portfolio strategies, convert wallet portfolios to funds, and integrate index or actively managed fund tokens for trading.

With the launch of the Symmetry User Interface, the world of decentralized finance on the Solana blockchain is poised to experience a paradigm shift in how users interact with and manage their crypto portfolios. As the platform continues to roll out its full suite of features to all users, the future of Solana DeFi looks brighter than ever.

Contact

PR
S. Martin
Symmetry
operations@symmetry.fi
Source

Tagged : Crypto / Decentralized / Funds / Indices / Platform / Press Release / Revolutionary / Solana / SYMMETRY

Metacade’s Highly Anticipated MEXC Listing Confirmed For 4th May

by Blockchain NewsMay 3, 2023

London, United Kingdom, May 3rd, 2023, Chainwire

Metacade, the exciting new play-to-earn GameFi platform, continues its ascent as one of the most promising prospects in the space after announcing their listing date for MEXC Exchange at 09:00 UTC on the 4th May.

MEXC is one of the go-to platforms for new traders and experienced investors, with the latest listing coming as welcome news to Metacade backers. The platform currently ranks at 15th largest in the world for trading volume, with the last 24 hours having seen over $1.1 billion volume in trades. With over 6 million users in 200 countries, the decision to list on MEXC seems well calculated. This bodes well for the 9,000+ holders currently invested in MCADE.

Russell Bennett, CEO of Metacade, said, “I’m delighted that we’re listing on such an established and well-renowned platform like MEXC. The confidence that we’re getting from the industry is hugely motivating and fuels our desire to create something like never before. This is our largest listing yet by some miles, and there will be more big things coming soon!”

The MEXC listing follows other big listings on both Uniswap and BitMart in April. At the time of issuing this statement, Metacade is $0.04139 according to CMC, which is 195% above the average presale purchase price.

The confidence in Metacade has strong foundations; Metacade received a perfect 99/99 score on the decentralized cryptocurrency market analysis platform, DEX Tools, making it one of the more trustworthy and secure cryptos available.

Sentiment was further enforced with Metacade’s news that it is on track to deliver Metacade Lite in May, which will offer users the first experience of the app UX, with a selection of both Web2 and Web3 games.

With Metacade being listed on MEXC, Bennett is optimistic about the future. “This is another step in the right direction and I’m sure this will have a positive impact on Metacade as it solidifies our position in the market and our reputation as one of the most exciting and promising projects in the space.”

About Metacade

Metacade is the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3 and connect with the broader gaming community.

Metacade will be the one-stop destination for users to play, earn and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged decentralized autonomous organization (DAO), evidencing its commitment to people-led gaming.

Website | Whitepaper | Socials

Contact

CEO
Russell Bennett
Metacade
pr@metacade.co
Source

Tagged : 4THMAY / Gamefi / Listing / METACADE / MEXC / Play-To-Earn / Press Release

Cosmos-Based Defi Protocol Nolus Raises 2.5M to Build the First Cross-Chain Defi Lease

by Blockchain NewsMay 3, 2023

George Town, BVI, May 2nd, 2023, Chainwire

The Nolus DeFi Lease provides up to 150% financing on the initial investment with a lowered margin call risk and access to the underlying leveraged assets.

Nolus, an interoperable application on Cosmos, has secured $2.5 million in pre-seed and seed funding to tackle inefficiencies in DeFi money markets.

The recently concluded $20 million valuation seed funding is backed by Dorahacks, Everstake, Cogitent Ventures, Token Metrics Ventures, and Autonomy Capital, among others, and will allow Nolus to fully complete the technological backbone and further expand the platform both within and outside the Cosmos ecosystem. The Advisory Board members Zaki Manian, Strangelove, and Shane Molidor will ensure Nolus solidify its cross-chain presence.

The novel DeFi Lease solution by Nolus unlocks the full potential of crypto money markets by reducing the industry’s steep over-collateralization requirements, resulting in significantly improved capital efficiency and much more favorable lending options for users. The Nolus DeFi Lease provides up to 150% financing on the initial investment with a lowered margin call risk and access to the underlying leveraged assets through whitelisted yield-bearing strategies. With the added support of liquid staking derivatives, the Nolus protocol will create a cornerstone use case for LSDs for the Cosmos ecosystem in the form of self-repaying loans.

About Nolus

Nolus defines a money market between lenders looking to earn yield on deposited stablecoins and borrowers looking to amplify holdings with more assets than their current equity at lower risk and retained ownership.

The Protocol utilizes a semi-permissioned PoS blockchain built using the Cosmos SDK and a WASM smart contract engine that executes in an isolated sandbox model focused on interoperability, security and performance. Interoperability itself is at the core of Nolus’ offering as the Protocol utilizes IBC and Interchain Accounts to tap into a diverse set of liquidity hubs without creating fragmentation across chains.

After months of testing, Nolus will open its public mainnet in May.

Website | Twitter | Discord

Contact

Marketing and Communications
Nolus Protocol
comms@nolus.io

Source

Tagged : 2.5M / COSMOS-BASED / Cross-Chain / DeFi / LEASE / NOLUS / Press Release / Protocol / Raises