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HovR Debuts Its Next-Gen NFT Marketplace On The Qi Blockchain – ZyCrypto

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By utilizing the Qi blockchain technology stack, HovR is getting ready to revolutionize the NFT marketplace sector. As a result, dealing with high-free blockchains is no longer necessary, and it will be more easier and less expensive to mint non-fungible tokens.
With incredibly low costs, Qi is one of the most advanced blockchains that HovR uses, helping the developing NFT market. Users of HovR can easily transfer value between cryptocurrencies, NFTs, precious metals used in real estate, and fiat currencies. By generating distinctive blockchain-based IDs, any asset can be tokenized.
Additionally, HovR focuses on the real-world applications of non-fungible tokens, such as in-game item trade, document storage, purchasing a Web3 domain, social network avatars, ticketing systems, etc. It will open the door for investigating other possibilities, such as sports contracts, college degrees, digital passports, and medical data, to give the NFT sector even greater utility.
Through HovR, it is easy, affordable, and effective to create an NFT.
On the Qi blockchain, created NFTs are connected to a wallet address, enabling full digital ownership and transparent trading history.
HovR chooses the Qi blockchain over the SWIFT network and Bitcoin due it its 300 times faster throughput. Utilizing such cutting-edge technology might have ensured that earlier NFT ventures, such as Crypto Kitties had a longer lifespan and remained prominent. However, they chose an alternative approach rather than building on Qi.
VortX Capital, a leading global fintech investment firm, provides support for the Qi ecosystem. For many apps, the Qi network serves as the principal payment rail. To further showcase its potential, VortX plans to introduce several decentralized applications (dApps) and play-to-earn NFT games on Qi.
Additionally, VortX also owns the brand-new HovR marketplace. The team intends to focus solely on dApps, NFTs, and blockchain games for the foreseeable future as it explores all leading industry sectors.
The company intends to become the first blockchain startup to go public in Africa to improve VortX’s attractiveness to the general public. The team openly communicates with the Johannesburg Stock Exchange and Equity Express Stock Exchange to make it a reality.
To gain initial traction, HovR developed a native NFT collection of the 10,000 largest cities in the globe, listed by population. These NFTs will be used in a play-to-earn metaverse game where players try to rule the entire planet. Holders of NFT can rule their city and conquer new territory.
Additionally, HovR is negotiating with several organizations to establish partnerships essential for converting legal wills and event tickets into non-fungible tokens.

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FASB Excludes NFTs, Some Stablecoins From Crypto Accounting Project – The Wall Street Journal

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Michael Saylor can't stop: MicroStrategy now holds 130,000 Bitcoin – Cointelegraph

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MicroStrategy bought an additional 301 BTC for $6 million at an average price of $19,851, the company’s executive chairman announced on Twitter.
MicroStrategy now owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company bought another 301 BTC for roughly $6 million at an average price of $19,851 per BTC. 
In sum, the company is one of the planet’s largest holders of the asset, owning 130,000 BTC. Apparently, Saylor likes round numbers, buying 301 BTC to reach the 130,000 milestone. 
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I
Due to plunging price action, the company’s investment is down substantially in U.S. dollar terms. MicroStrategy’s entry price is roughly $30,639 per BTC, and the Securities and Exchange Commission filing states that the firm has bought 130,000 BTC at an aggregate purchase price of approximately $3.98 billion.
If MicroStrategy started stacking sats (buying Bitcoin) at today’s prices, it would have spent $2.48 billion on 130,000 BTC. Saylor is currently at a paper loss of over a billion dollars.
According to the SEC filing, the company made the purchase with “excess cash.” Saylor recently stepped down as CEO of the company to focus on buying more Bitcoin, while Washington, DC has taken aim at the billionaire in a tax evasion lawsuit.
Bitcoin enthusiasts were quick to commend Saylor’s buy. Referred to as the “Chad” or “Gigachad,” Saylor’s conviction and commitment to buying Bitcoin despite the investment being underwater has garnered both a devout following and numerous critics.
Related: Bitcoin better than physical property for regular folks, says Michael Saylor
Other large wallet addresses include that of crypto exchange Bitfinex, which holds 170,000 BTC, and a Binance reserve wallet that holds 125,000 BTC. Binance is the world’s largest crypto exchange and has several wallets holding six figures of Bitcoin. Regarding individuals, Saylor has stated that he holds Bitcoin, and FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao are also “hodlers” — a meme that became popular jargon for holding crypto.

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NFT Collections Will Be Regulated Like Cryptocurrencies Under EU’s MiCA Law, Official Says – CoinDesk

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