World Of Cryptoids launches one of the most innovative play-to-earn NFT games in the blockchain space 6315

Cryptoids

WoC offers a new way to earn back players ROI at a sustained rate rather than one that fluctuates based on a number of variables. It is expected that this economy combined with the token distribution schedule will allow investors to be able to predict the average rate of income for their purchase over its lifetime.

World of Cryptoids (WOC) has recently launched one of the world’s sustainable play-to-earn (sP2E) games built on blockchain technology. This game was made possible through a combination of blockchain technology and a team with a strong background in both cryptocurrency and mainstream mobile gaming applications.

World of Cryptoids team consists of experts in blockchain, programming, game design, community marketing, tokenomics and cryptocurrency which has allowed the company to foster and develop the game in a way where players and investors can achieve a sustained income.

World of Cryptoids Vision

Prior to developing the World of Cryptoids game, the founders had delved into various play-to-earn games and realised that the existing model of encouraging investors to constantly breed and reinvest into the ecosystem was simply not sustainable. The investors will not receive a return on their investment in time as the game’s lifespan slowly falls off.

The goal is to disrupt the status quo in the GameFi world; establishing a brand new sustainable Play-To-Earn model and ensuring players are rewarded. By utilizing buy backs and burns to stabilize the price, players can correctly predict the average income rewarded.

One of the key things they want to pay attention to is replayability. Being gamers themselves, they understand how important it is for players not to get bored of the game over a certain period of time. The game has been designed to reward players for skill and experience with increasing rewards for those who master the game.

Seasoned Founder & Tackling Challenges

World of Cryptoids is founded by T. C who founded a series of cryptocurrency exchanges and trading projects. He has over ten years of experience working with order book management and exchange liquidity market making which will be a key driver in maintaining the growth of the token ecosystem.

Challenges and obstacles of the GameFi ecosystem undeniably exist to this day. Ecosystem disruption, diminishing returns, single-token economics, massive farming, are just some of the examples why. With these obstacles, the value of NFTs are diluted and diminished over a period of time. WoC plans to tackle these issues through various solutions such as sustainability of p2e, tokenomics and NFT distribution.

Let’s take a look at each of them:

Sustainable P2E (sP2E): WoC offers a new way to earn back players ROI at a sustained rate rather than one that fluctuates based on a number of variables. It is expected that this economy combined with the token distribution schedule will allow investors to be able to predict the average rate of income for their purchase over its lifetime. This not only allows players to earn at a comfortable level but is also a lot more forgiving to players over the lifetime of the game. It rewards players regardless of time, instead of having a diminishing income, players need even less time after a while to earn the same amount of income.

Fair tokenomics: The 2-token system of World of Cryptoids ($CGC and $CAC) will be used to bring a balance to the gaming ecosystem.

$CGC is the core token that will be farmed, which will provide users with a steady source of income and thus the main price mechanisms will be centered around keeping the price of $CGC stable.

$CAC is the primary utility token and will be used throughout the Cryptoid’s ecosystem for features such as breeding, governance, accessing DeFi protocols (gamified farming and staking), NFT launches and much more.

Optimization of NFT (Cryptoids) distribution: WoC has designed and developed a marketplace ecosystem where the supply of Cryptoids will be controlled in order to avoid inflation. The game also has taken steps to ensure a limited supply of rare and mythical Cryptoids are on the market at a certain time to balance the marketplace.

Due to the rewarding in-game yield players investment start playing the games gets paid back relatively fast. You can break even in a short period of time if you actually play the game or even find a scholar to play for you.

“With the advent of blockchain games, the company’ve noticed a recurring theme whereby players are required to invest more and more over time but at the same time receive less rewards. Essentially you see in these games that the period to break even on players initial investment becomes longer when the token price depreciates. This sort of volatility is what World of Cryptoids is looking to solve and the key sustainability aspect is adjusting the driving forces behind making the gameplay fun and rewarding. The company want players to have fun while earning.” – T C, [founder] World of Cryptoids.

Roadmap

World of Cryptoids expects a significant amount of traction to be built up in the first few months with a very healthy game economy developed, and they’re already starting. World of Cryptoids will bring blockchain gaming into mainstream mobile and browser gaming audiences by utilizing the advantages of NFT and cryptocurrency ownership. They’ve already partnered with some of the biggest gaming guilds out there including Astra Guild Ventures, Alpha DAO, AFKDAO and many others.

One of the upcoming events the company told is going to happen soon is the NFT public sale.

World of Cryptoids will debut its first Genesis NFT public sale on February 22, 2022. With this being the biggest event so far, it will surely determine the future of the game and is expected to yield huge rewards for those who join.

There are a few telegram groups and their Discord channel which gives an overview of the game ecosystem and the players involved. The thriving ecosystem is something that is extremely exciting for those who have enjoyed playing quick and fast paced games.

Above all, World of Cryptoids is about fun and while sustainability is something of a core focus, the game has also taken a step to develop an exciting roadmap filled with new and exciting game modes that allows the player to be creative and invent new strategies. This can be in the form of designing intricate breeding farms (they currently have 6 races with each Cryptoid having a gene system ensuring parent’s that breed with each other will create offspring that is similar) or even creating scholarship management systems allowing other players to use players Cryptoids.

Players can also be creative and invent new strategies with their Cryptoids in order to best their opponents. The game includes some pretty exciting features such as team management, leaderboards and multiplayer modes.

With that said, the company highly encourage everyone to get ready for the public sale which begins in February 22. There will only be a limited number of these CrypEggs being sold and these all have the chance to hatch into an extremely pothe companyrful Cryptoid capable of defeating the perils that lie within the World of Cryptoids.

More info about World of Cryptoids can be found via the following links:

Join the Whitelist Contest to win 20% off: https://gleam.io/xLExK/world-of-cryptoids

CrypEggs Marketplace: https://market.cryptoids.world/purchase

Discord: https://discord.com/invite/worldofcryptoids
Twitter: https://twitter.com/worldofcryptoid

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Yuga Labs Partners With Somnia to Increase Metaverse Interoperability and Incentives 9201

Somnia, a high performance L1 blockchain and set of omni-chain protocols designed to scale the metaverse, partners with Yuga Labs, the creators of iconic Web3 projects like Bored Ape Yacht Club (BAYC) and the Otherside.

Somnia’s blockchain is optimized for gaming and the metaverse, with the potential to handle hundreds of millions of transactions per second, and its omni-chain protocols are designed to connect the metaverse, NFTs, and gaming ecosystems.

Yuga Labs is a media company best known as the creator of the Bored Ape Yacht Club NFTs and the owner of CryptoPunks. Yuga Labs was founded in 2021, when the Bored Ape Yacht Club was launched. Across all of its collections, Yuga Labs has generated roughly $19 billion in volume, accounting for a large portion of the NFT market.

With this partnership, The Somnia Protocol will unlock a new world of possibilities in Yuga Labs’ Otherside, bringing interoperability and new utility to their collections. Holders of Yuga collections will be able to join metaversal events with their avatars, show off their NFT collections and earn bonus points in Somnia quests.

Holders of select Yuga Labs NFTs will also get a bonus on points earned in Somnia’s upcoming Metaverse Browser quests, with other features and benefits to be announced.

The Metaverse Browser is designed to be a consumer front end to the metaverse. It will serve as a decentralized Steam or Epic Game Store. It lets users interact with metaverses and apps on the Somnia’s Ecosystem, without needing to know anything about web3. It’s designed to be open to allow anyone to deploy apps and content with it.

“Our collaboration with Yuga Labs is all about enhancing the NFT ecosystem, offering their holders not just utility, but a gateway to immersive, interactive experiences that push the boundaries of what NFTs can do” Somnia founder Paul Thomas said.

Yuga holders will be able to use their avatar in any world or experience that is built on Somnia. Their identities and digital assets will also be compatible across a wide range of experiences. They’ll be able to attend massive events, like the Twice listening party and MLB Virtual Ballpark that were hosted by MSquared.

About Somnia:

Somnia is creating a virtual society with an L1 blockchain and a set of omnichain protocols designed to bring millions of users into an open and unified metaverse, allowing users to move seamlessly across experiences. Somnia opens up endless possibilities for builders to create content that is portable and remixable content by upgrading existing NFTs.

For more information, please visit Somnia.Network

Polkadot-native Acala expands to multichain horizons through the Sinai Upgrade 9371

Acala, a foundational platform within the Polkadot ecosystem, unveils the Sinai Upgrade, a significant advancement in its Acala 2.0 initiative aimed at broadening the horizons of the overall crypto financial landscape. This upgrade is set to enhance the platform’s multichain capabilities, setting a new standard for decentralized finance (DeFi) not only on Polkadot, but across any layer 1, 2 or 3 blockchain network.

Multichain integration and enhanced DeFi accessibility

The cornerstone of the Sinai Upgrade is its focus on multichain integration, which facilitates seamless interactions across diverse blockchain environments. Acala dramatically simplifies the user multichain experience through the introduction of their advanced one-click multi-chain cross-stack DeFi feature. This feature leverages pioneering technologies, including XCM (Cross-Consensus Messaging) and Wormhole, to enable straightforward, efficient cross-chain transactions. Users will be able to easily engage in activities like staking, liquidity provisioning, and lending across major blockchain platforms such as Polkadot, Ethereum, Solana, and any select blockchain networks.

Empowering communities through open governance

Further enhancing its ecosystem, Acala introduces the open governance upgrade, empowering its community with direct involvement in governance decisions. This democratizes the process of ecosystem evolution, allowing users to influence treasury management, DEX listings, and more, fostering a transparent and inclusive community environment.

Security and performance at the forefront

The Sinai Upgrade also addresses the critical need for security in the expanding multichain landscape. The launch of Sentinel, along with asynchronous backing, bolsters security and increases transaction throughput, ensuring that Acala remains at the cutting edge of blockchain performance.

Strengthening the aSEED pathway

Accompanying these technical advances, the Sinai Upgrade finalizes the aSEED pathway, facilitating a stable and equitable process for converting and redeeming aSEED tokens. This includes establishing clear redemption criteria, which promises a fair and transparent framework for remaining aSEED holders, reflecting Acala’s commitment to maintaining trust and stability within its community.

Quote from Bryan Chen, Chief Technical Officer at Acala

“The Sinai Upgrade is a testament to Acala’s dedication to enhancing the DeFi ecosystem through robust multichain solutions,” said Bryan Chen. “As a Polkadot-native platform, we are uniquely positioned to lead the charge towards a more interconnected and efficient blockchain universe.”

About Acala

Acala is a premier platform for decentralized finance within the Polkadot network, offering innovative solutions designed to integrate and enhance liquidity across a wide range of blockchain environments. Committed to innovation, security, and community empowerment, Acala leads the way in advancing blockchain technology for global users and institutions.

RWA in Focus: MAS Regulated Digital Asset Custodian, Propine Introduces Support for Fathom Dollar $FXD Stablecoin on XDC Network 9603

MAS-regulated custodian Propine is announcing its support for Fathom Dollar’s FXD, a stablecoin pegged to the US dollar and designed to bridge the $5 trillion trade finance gap. This development positions FXD at the forefront of real-world assets (RWA), leveraging the power of blockchain to enhance global trade finance operations. Propine, licensed by the Monetary Authority of Singapore, is a prominent digital asset custodian serving large institutional clients.

FXD is a stable-price cryptocurrency over-collateralised by the XDC network token and RWA, including trade finance assets. It has emerged as a use case-driven solution amidst growing concerns over the trade finance gap. It has been a significant barrier to global trade, particularly affecting small and medium-sized enterprises (SMEs).

By offering a stable and reliable transaction medium and store of value, FXD aims to facilitate essential functions in a $30 trillion global trade finance market. This includes cross-border transactions, borrowing against receivables, and generally turning trade finance into an alternative investment class for non-banks.

Tuhina, Propine’s Founder and CEO, said, “Propine is dedicated to facilitating swift and secure adoption of digital assets and cryptocurrencies by institutional investors and regulated businesses. To this end, we have adopted compliance and security standards that serve as industry benchmarks. As the industry continues to expand, we see significant potential to further serve as a trusted partner for organizations seeking to enter the space seamlessly and securely.”

Manuel Rensink from Fathom: “Propine offers world-class services, and their battle-tested custody has been our choice. Despite all the shockwaves that enveloped the industry, Propine has been resilient because of its governance and internal controls & systems. They have consistently led innovation in the digital asset custody space and raised the bar. Propine’s support for FXD is a game-changer, providing a seamless ramp on/off service between digital assets and fiat currencies. This service is crucial for enhancing the liquidity and accessibility of FXD, making it an attractive option for businesses and financial institutions engaged in international trade.”

Rensink added, “The integration of Propine’s custody solutions with FXD ensures that users can enjoy the highest security and compliance standards, essential in the highly regulated financial sector. As FXD gains traction, Propine’s role in its custody and management will undoubtedly be a key factor in its success, marking a new era in integrating real-world assets with digital finance solutions.”

About Propine

Propine is a licensed, audited, and insured digital asset custodian headquartered in Singapore. The company is engaged in transforming how digital assets are stored and traded by providing reliable, secure, and scalable solutions to institutional clients. Propine also enables investors to tokenize previously illiquid asset classes such as corporate bonds, real estate, private equity, funds, art, natural resources, and derivatives. The company is geared to support clients in unlocking their potential within a regulatorily compliant and legally robust framework.

To learn more, users can visit Propine.com

About Fathom Protocol

Fathom is a liquidity protocol where users can deposit XDC tokens or RWA collateral and borrow the FXD. This opens up programmatic financing solutions for individuals and businesses that were previously not available. Furthermore, investors and savers can (re)invest their FXD for competitive yields. The Fathom DAO is governed by FTHM token holders who can vote on onboarding new collateral types, interest rates, and more. Fathom is built on the XDC network to be at the center of its Institutional DeFi ecosystem. https://fathom.fi/

About XDC Network

XDC Network is an open-source, carbon-neutral, enterprise-grade, EVM-compatible, Layer 1 blockchain that has been operationally successful since 2019. The network obtains consensus via a specially delegated proof-of-stake (XDPoS) technique that allows for 2-second transaction times, near-zero gas expenses ($0.0001), over 2000 TPS, and interoperability with ISO 20022 financial messaging standards. The XDC Network powers a wide range of novel blockchain use cases, including trade finance, payment, and RWA tokenization, that are secure, scalable, and highly efficient. Website: xinfin.org | xdc.org

Arena Games Hits Top 3 on CryptoRank’s Most Popular Apps List! 9584

This April, Arena Games has proudly secured a spot among the top three apps on CryptoRank. This achievement showcases the platform’s growing popularity, with more than one million user transactions last month.

Since its launch in July 2023 on Polygon, one of the leading blockchains for games, in Q1 2024 Arena Games already expanded its reach by integrating three additional blockchains: Manta, Skale, and Linea, improving accessibility and user experience for a global audience. The platform continues to innovate, offering an engaging environment for gamers and developers alike.

A dedicated team drives Arena Games’ success committed to delivering a seamless and enjoyable Web3 gaming experience. As the platform grows, the team is excited to introduce new platform features and new games, making Arena Games even more user-friendly and flexible in the web3 space.

Keep an eye out for exciting news and updates from Arena Games in the coming days. For an in-depth look at our recent achievements check CryptoRank Post.

Here’s what Arena Games brings to the table for both developers and players:

For Game Creators

  • Reduced development and operational costs: Arena Games’ toolkit decreases the expenses associated with game development and maintenance, allowing developers to allocate resources more efficiently towards enhancing game features or exploring new project ideas.
  • Access to a wider range of advanced blockchain functionalities: Each integrated blockchain brings unique tools, with Manta focusing on privacy, Skale on fast and free transactions, and Linea on seamless Ethereum integration. This combination provides developers with a comprehensive toolkit for creating premium Web3 games.
  • Security and Privacy Upgrades: Arena Games offers powerful options for protecting player data and digital assets, crucial for building trust within the gaming community.

For Players

  • Diverse Game Library: The Multichain integration expands the selection of games on Arena Games, promising new and varied gaming experiences due to lower costs and a broader toolkit for developers.
  • Lower costs to play and transact within games: Skale’s elimination of transaction fees and overall reduced costs mean less spending to play, making premium game content and in-game purchases more accessible.
  • Improved game performance and reliability: The technological advancements from each blockchain ensure smoother and more reliable game performance. The efficiency and privacy provided by Manta and Linea, along with Skale’s speed, contribute to an enhanced gaming experience.

What’s Next

  • Introduction of new games on Skale and Manta.
  • Launch of the Airdrop Campaign.
  • $AGP Ecosystem Token Launch scheduled for Q2.

Looking Ahead

The recent achievements of Arena Games signal a promising direction for the future. It’s about providing developers with the tools necessary to push the boundaries of Web3 gaming and offering players a richer, more accessible gaming experience. This shift represents more than just minor adjustments; it signifies an expansion of what Web3 gaming can achieve.

Three Protocol Launches $THREE Token: The Foundation of Decentralised Marketplaces 9183

Three Protocol, the first project incubated by Tectum, announces the highly anticipated launch of its native token, $THREE. The protocol’s vision is to deliver a series of decentralised marketplaces to open digital commerce to the world, including the unbanked, debanked, and privacy enthusiasts. $THREE is at the heart of these marketplaces.

$THREE will be used across the entire Three Protocol ecosystem. It will be used for payments and purchases, facilitating access to services and products without central oversight or geographical barriers. All aspects of Three Protocol are built on blockchain technology, including their decentralised identification (powered by zk-SNARK), neural network AI, and tri-sig DAO capabilities.

As $THREE launches, Three Protocol takes another step closer to delivering their series of ambitious decentralised marketplaces and financial inclusivity for huge segments of the global society. The tokenomics model is designed with the community in mind. It aims to encourage participation and has significant market liquidity thanks to the fair and equitable distribution.

Key features of the $THREE token include:

  • Market Liquidity: 75% of the supply is earmarked for market liquidity. The team is building for the community, and this liquidity will encourage trading activity while maintaining price stability.
  • Team Allocation: 15% allocated to the team with an 18-month vesting period.
  • Staking Opportunities: 10% dedicated to staking, allowing long-term token holders opportunity for revenue generation.

Starting with Jobs3, the $THREE token will be used across the various exchanges. Jobs3 is the flagship marketplace brought by the Three Protocol team, with a further 4 marketplaces featuring on the roadmap. That includes a decentralised version of eBay, Uber, Autotrader, and food delivery.

Alongside the marketplaces, Three Protocol has unveiled a comprehensive roadmap outlining key milestones and development initiatives:

  • May: Launch of the $THREE token on Uniswap with the $THREE/wETH trading pair.
  • June: Introduction of $THREE token staking, enabling token holders to earn rewards while contributing to network security.
  • July: Technological enhancements to the Jobs3 platform, including the Neural Network AI integration for improved job-matching algorithms and prompt-based search capabilities.

The Three Protocol team has been working on this project for the last 3 years and remains committed to both transparency and accountability, not least through their fully doxxed team and KYC. The smart contract and token passed with a perfect score when audited by Cyberscope. With the support of the Tectum team and the infrastructure they provide, Three Protocol will quickly reach the broader community and deliver their vision of decentralised marketplaces for all.

To participate in the $THREE token launch and learn more about Three Protocol, visit https://www.threeprotocol.ai/.

About Three Protocol:

Three Protocol is delivering a shift towards inclusivity and privacy in digital commerce. They are providing the opportunity for users to freely earn and spend without central oversight from CBDCs and fiat systems. Three Protocol is building for the unbanked, the debanked, the privacy-conscious, and blockchain enthusiasts. With $THREE at its heart, Three Protocol is poised to deliver freedom-giving, privacy-conscious decentralized marketplaces.

MetaComp Announces Strategic Partnership with Harvest Global Investments to Explore Bringing HK-Listed ETFs to Investors in Singapore and Beyond 9390

MetaComp Pte Ltd, a leading Monetary Authority of Singapore (MAS) licensed Singapore fintech company that specializes in blockchain technology and digital assets, and its affiliates (collectively referred as MetaComp), is proud to announce a strategic partnership with Harvest Global Investments Limited (HGI), a leading asset management company licensed with the Securities and Futures Commission of Hong Kong. HGI is among the pioneering Chinese asset management firms to establish subsidiaries abroad. The Memorandum of Understanding executed between MetaComp and HGI marks a significant step towards potentially broadening the accessibility of innovative financial products globally with special emphasis on the recently announced cryptocurrency spot ETFs which will be expected to start trading on the Hong Kong Stock Exchange from 30 April 2024 onwards. This follows the announcement by HGI that they have received authorization from Hong Kong’s Securities and Futures Commission to launch the highly anticipated cryptocurrency ETFs.

The core of the partnership revolves around MetaComp and its affiliates’ commitment to make HGI’s cryptocurrency spot ETFs available, through MetaComp’s proprietary Client Assets Management Platform, also known as CAMP by MetaComp, utilizing its technological and market expertise to introduce these products under the appropriate regulatory framework to Singapore investors and beyond. This initiative not only aims to expand the global footprint of HGI’s ETFs but also allows MetaComp and its affiliate to enrich its wealth solution portfolio with highly sought-after financial products.

In addition to the crypto-ETF distribution, the collaboration will also explore opportunities for the integration of HGI’s various asset management solutions into MetaComp’s service offerings. MetaComp will also provide HGI access to its Digital Payment Token suite of services. Through the strategic collaborative efforts by both companies, they are hoping to forge a symbiotic relationship that will allow both companies to leverage on their strengths.

The alignment with HGI allows MetaComp to tap into the scale and expertise of a leading global financial player, significantly enhancing its service capabilities and market reach. This partnership is designed to serve not just the existing clientele of both entities but also to capture new segments eager for advanced financial solutions across traditional finance and crypto finance.

Dr Bo Bai, Chairman and Co-Founder of MetaComp shared: “This strategic alliance with Harvest Global Investments Limited reaffirms MetaComp’s commitment to being the bridge that links traditional finance with crypto finance. We are confident that our partnership with Harvest Global Investments Limited will prove to be mutually beneficial. With Harvest’s expertise in asset management and MetaComp’s robust capabilities in providing a comprehensive suite of digital payment solutions, we are poised to deliver unparalleled value to our clients and the market.”

For more detailed information on this partnership and to stay updated on future developments, please visit www.mce.sg.

About MetaComp Pte Ltd (www.mce.sg)

MetaComp is a leading Singapore-based digital asset platform that is licensed and regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. Operating under a P2B2C (platform-to-business, partners-to-clients) model, MetaComp provides an integrated end-to-end suite of services to its clients, empowering them to confidently enter the digital asset market with the much-needed safety, security, and compliance. Together with its parent company, Metaverse Green Exchange Pte. Ltd. (a MAS-licensed CMS holder permitted to carry out, inter alia, brokerage and custody services), MetaComp introduces its suite of services through CAMP by MetaComp, a regulated Client Assets Management Platform, allowing businesses to develop and scale their digital asset offerings through OTC and exchange trading services, fiat payment, digital asset custody and prime brokerage.