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ZIQ Introduces a Metaverse To Trade Real-Estate Virtually On 3D Maps – Yahoo Finance

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Singapore–(Newsfile Corp. – October 26, 2021) – ZIQ is proud to introduce a Metaverse to trade Real-Estate Virtually On 3D Maps. Trading virtual real estate is not a new thing in the crypto world, but ZIQ aims to do differently by combining virtual real estate with real world maps.
ZIQ was first created to build a software or platform infrastructure where blockchain or cryptocurrency can be used, utilized and consumed in practice by users. One of its platform being built right now is ZIQ World, it's a metaverse where users can trade virtual real estate based on 3D maps in real time.

ZIQ Introduces a Metaverse To Trade Real-Estate Virtually On 3D Maps

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In the Metaverse
In this metaverse, what users trade with ZIQ tokens are called "tiles", one tile is implemented in 30 square meters. For this reason, each region of the ZIQ World is made up of a different number of grid tiles.
For example, the Korea region, which will be opened first on October 28, 2021, has a total of 112 million tiles. The following region update schedules confirmed are Shanghai, Beijing, China Area, New York, U.S.A Area, London, UK Area, Tokyo, Japan Area, Paris, French Area and more to come.
Multiple ways to trade tiles
There are two ways that users can trade tiles, one way is buying at forced price, which means users could pay an additional ZIQ token equal to 30% of the most recent traded price to forcibly take those tiles; another way is buying at user price, which means users can buy at the price set by the most recent tile owner. Virtual real estate in ZIQ World trading between all users are traded and concluded in real time on the map, and recent transactions are displayed on the graph of each tile.
About ZIQ Token and the tokenomics
The ZIQ token used in trading tiles is an Ethereum-based erc-20 smart contract token, and it has already been listed on other trading platforms including LBank Exchange. The total issued supply of ZIQ token is 3 billion (i.e. 3,000,000,000 ZIQ), and 70% of it will be provided for staking, which will start in November 2021, all users will receive staking interest in ZIQ tokens equivalent to 20% of the asset value if they hold 10,000 tiles or more before the ZIQ TIME reaches 00:00:00 at the end of each month and is initialized. In order to receive a 20% staking interest, users must continue to trade while defending tiles to hold more than 10,000 tiles before the ZIQ TIME is reset every month.
Besides these instant 30% profit through forced trading and 20% interest staking per month for holding 10,000 tiles or more, users can also use ZIQ tokens to purchase NFT ownership of 3D virtual real estate objects, such as the Statue of Liberty and the Eiffel Tower, and eventually the platform will go beyond that by including 3D objects like vehicles, people and other animals to build a true 3D metaverse. ZIQ project has a plan to launch a separate marketplace for these in the form of NFTs in the future.
Utilizing Crypto in Various Ways
ZIQ World is only a part of the whole ZIQ project, in fact, there are already two other platforms and software being provided, ZIG QUEST and ZIQ Wallet.
ZIG QUEST is a real-time job search and matching platform based on map and user location. The platform was launched on May 16, 2021, and has more than 20,000 users so far. It updates 900 to 1,200 job information data every day, and provides services to users such as real-time user chat, transaction transfer, job search review, evaluation and history management. ZIQ tokens are used for payment between users, payment escrow and purchase of paid services on ZIG QUEST.
ZIQ Wallet is a decentralized crypto wallet for ZIQ token and Ethereum, although it currently only supports Korean, the English and Chinese will be updated in the future. Users can download it through Google Play Store or Apple App Store and use it immediately.
In addition to these platforms and software, the ZIQ project team plans to develop more platforms and software where ZIQ tokens can be utilized in various ways.
The Beginning Of The Future
With a well-planned roadmap ahead, this is only the beginning of the ZIQ project's future to realize its full potential. By the end of Q4 2021, the project plans to open more than 15 local trades around the ZIQ World. To further expand its global reach, ZIQ project collaborates with platforms like LBank Exchange to list its native token, which can significantly improve the liquidity of the ZIQ token.
The well-experienced project team has already established partnership with more than 20 national universities in Korea and more than 30 private business partners. It continues to strengthen its capabilities and expand its presence in East Asia such as Korea, Japan, and China by hiring development talents and jointly participating in R&D.
About ZIQWORLD
ZIQ was initially created to create a software or platform infrastructure in which users could use, utilize, and consume blockchain or cryptocurrency in practice. One of its platforms that is currently being developed is ZIQ World, which is a metaverse where users can trade virtual real estate based on 3D maps in real time.
About LBank
LBank is an ever growing global cryptocurrency trading platform which offers safe trading for users. It also provides professional and convenient crypto-asset exchange services, derivatives services, and asset management services. The platform has more than 6.4 million users in over 210 countries.
ZIQ Official Website: https://ziq.world/
LinkedIn: https://www.linkedin.com/company/ziq/
Website: https://www.lbank.info/
Twitter: https://twitter.com/LBank_Exchange
Facebook: https://www.facebook.com/LBank.info/
Telegram: https://t.me/LBank_en
YouTube: https://www.youtube.com/c/LBankExchange
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
marketing@lbank.info
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100782
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Metaverse Crypto Index Fund Launched by Matthew Ball, Multicoin, and Bitwise – Decrypt

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There's a wide array of crypto builders working to bring the metaverse to life, whether it's via platforms, tools, assets, or infrastructure. Now one of the leading voices around the metaverse has launched an index fund focused on crypto assets tied to the next-generation internet.
Today, writer and venture capitalist Matthew Ball announced a partnership with Multicoin Capital and Bitwise Asset Management to launch the Ball Multicoin Bitwise Metaverse Index. Bitwise has also made an associated fund available to qualified purchasers.
"We developed the Ball Multicoin Bitwise Metaverse Index Fund because, prior to today, there was no easy, expert, and methodologically diversified way for investors to have broad-based exposure to bona fide metaverse-focused crypto assets," Ball told Decrypt.
"To this end, the Index doesn't exist to time Event A or Market Conditions B. It exists so that investors can participate in what we believe is a multi-trillion dollar transformation, which will unfold over the coming decade," he continued. "If blockchain is relevant to the future of the metaverse, and our approach is sound, we believe the opportunity is significant—today, tomorrow, next month, and so forth."
The index will feature up to 40 crypto assets chosen by the partners, but a list of included assets was not provided to Decrypt by the time of publication. Bitwise's associated fund is available to qualified purchasers with a $100,000 minimum investment.
Ball described the Ball Multicoin Bitwise Metaverse Index as a "rules-driven index that combines the best of institutional indexing approaches with special adaptations to the crypto and metaverse spaces. That includes various risk screens, such as analyzing liquidity, developer activity, tech and regulatory risk, and "relevancy to the metaverse," said Ball.
"The ultimate goal is to curate the crypto assets that will be outsized contributors to the creation and success of an open metaverse," he added.
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"Our objective was the creation of a diversified, balanced, and expertly-designed crypto Metaverse Index," explained Multicoin Capital co-founder and managing partner, Kyle Samani.
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Meta's losses show the metaverse's costly risk – Insider Intelligence

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Facebook parent Meta launches startup accelerator with India’s IT ministry in metaverse push – TechCrunch

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MeitY Startup Hub and Meta’s effort, called XR Startup Program, will work with 40 early-stage startups and help them in research and development and developing workable products and services. Each startup will also receive a grant of over $25,000, the American giant said.
The program, supported by Meta’s $50 million XR Programs and Research Fund, will initially hand pick 80 startups to attend a bootcamp. It will also help startups with finding customers, inking relationships and raising funds, Meta said.
Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology and Skill Development and Entrepreneurship, said the program is especially aimed at helping encourage technology innovation in smaller cities and towns.
The XR Startup Program is the latest of Meta’s growing participation in the South Asian market’s upskilling efforts. The firm, whose Facebook and WhatsApp services identify India as their largest market by users, partnered with Central Board of Secondary Education, a government body that oversees education in private and public schools in the country, to launch a certified curriculum on digital safety and online well-being, and augmented reality for students and educators in the country.
The program — to be implemented by four Indian institutions, including IIT Delhi — will also host a “grand challenge” for innovation in categories including education, healthcare, entertainment, agritech, climate action, sustainability and tourism, the American giant said.
“India will play a pivotal role in defining future technologies. Decisions and investments made here in India now shape global discussions on how technology can deliver more economic opportunity and better outcomes for people. It is critical that we help to create an ecosystem that will enable India’s tech startups and innovators to build the foundations of the metaverse,” said Joel Kaplan, VP of Global Policy at Meta, in a statement.
Meta’s interest with working with startups in India is also not newly found. The company has backed three startups in the country, including social commerce platform Meesho and online education group Unacademy.
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“India’s rapid tech adoption combined with a vast pool of tech talent puts the country in a vantage position for shaping the future of the internet,” said Ajit Mohan, VP and MD of Facebook India, in a statement.
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