Police, Bank Indonesia to Clampdown on Bali BTC Transactions 355

Indonesia’s Central Bank, Bank Indonesia (BI), have united with the national police service to tackle the illegal use of Bitcoin in Bali. According to them, the tourist hot spot is much more likely to attract people trying to use the cryptocurrency for transactions that are outside the law. The Jakarta Post and local language news source Tempo.co report that on Saturday, January 13, a senior member from BI, Causa Iman Karana, announced the clampdown in Dempasar, the capital of the romantic island getaway location:

“We are looking out for bitcoin transactions in Bali, particularly in tourist spots. We will take measures against non-rupiah transactions.”

Karana also called on the people of Bali to not accept transactions using digital money. For the banker, it is the lack of central authority regulating transactions that is a primary cause for concern. Like most central bankers, the fear of their own pending redundancy was also a likely motivating factor behind his words.

This recent  crackdown in Bali is part of a wider initiative against the use of cryptocurrency in the nation of Indonesia. According to national legislators, making transactions in Bitcoin violates Law No. 7/2011 on currency. This recent reiteration underlines the initiative penned at the bank late last year. In early December, Bank Indonesia issued BI Regulation No. PBI: 19/12/PBI/2017. This expressly banned the use of digital currency in Indonesia and stated that all transactions and payments must be made using the national currency, the rupiah. A spokesperson for the bank, Agusman, at the time spoke of the risks posed to those getting involved in the digital currency space. Like Karana, he too deemed the primary issue with virtual money transactions the lack of centralised control:

“We warned people not to carry out transactions with virtual money because there is no authority that regulates the transactions.”

The bank spokesperson went on to highlight the speculative risk of using Bitcoin and other cryptocurrencies. Also amongst his concerns were the dangerous posed to the state because of money laundering, as well as the ease with which virtual currencies could be used to finance terrorism. Agusman concluded with a straight forward message for the people of his country:

Therefore, [BI] wants all parties not to sell, buy or trade the virtual currency.

Indonesia isn’t the first and it certainly won’t be the last country who attempts to stamp out the use of virtual currencies by force. Across the globe, Bolivia, Algeria, Ecuador, and Nepal are amongst those nations that have issued an outright ban on the use and trading of digital currencies. However, such small economies are incapable of moving the price of BTC or any other currency in any dramatic fashion. If the global popularity of crypto continues to grow, it’s likely that these States will be forced to liberalise their knee-jerk legislation or else get left further behind the planet’s larger economies.

 

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O-MEE The Web3.0 Social Subscription and NFT marketplace announces strategic partnership with blockchain branding partners Noir 2998

OMEE

O-MEE aims to reinvent the future for creators by providing a Web3.0 NFT network that drives sociability and creativity for artists, designers, influencers and content producers who can upload, create, share and sell their artwork all in one place.

5th January 2022 – London, UK – O-MEE has announced its partnership with Noir. Noir is a blockchain brand agency that builds world changing Web3 & DeFi brands of the future. Technology is undergoing a paradigm shift, change is the key ingredient for growth, innovation and a better future. Noir helps complex protocols and projects articulate their mission to the world, create an emotional connection between users, products and partners and build community and trust into companies.

Noir has worked alongside many ambitious Web3 & DeFi founders providing advisory, brand building, investment and marketing services.

Anthony Logan, CEO of Noir:

“We are excited to be working alongside O-MEE and their fantastic team creating a Social & NFT marketplace to redefine how creators build social and economic value in Web 3.0. We believe O-MEE gives creators the opportunity to emotionally connect with their fans and create meaningful value from their work. We are looking forward to supporting O-MEE investing, creating and building their brand as well as providing social and strategic marketing support.”

Jared Walker, CEO of O-MEE:

“It is with great pleasure to announce our strategic partnership with Noir Agency, one of the leading brand innovation agencies within the blockchain industry. It was extremely important for us to create a brand vision and identity that provides a strong and meaningful message that connects our project to our community, users and audience. Their individualistic approach to branding challenges the traditional and everyday design paradigm that truly makes O-MEE a trustworthy and memorable project. We want to thank Anthony, Jamie and their unbelievable team for their efforts and we look forward to our long-lasting partnership.”

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What is O-MEE?

O-MEE aims to reinvent the future for creators by providing a Web3.0 NFT network that drives sociability and creativity for artists, designers, influencers and content producers who can upload, create, share and sell their artwork all in one place. Through API connectors, creators are able to connect mainstream social media accounts from the likes of Instagram, Youtube and Tiktok to republish their existing artwork, videos, photography and media to their profile showcasing their content to the O-MEE community where it is displayed for their followers to like, interact and share. In addition, creators are able to create and mint both new and republished artwork allowing them to sell and monetize their artwork on the O-MEE NFT marketplace.

The NFT community provides the foundation to create, support and innovate individualistic and artistic independence and O-MEE’s underlying vision aims to provide a platform that interconnects their social and NFT experiences.

In addition, the O-MEE subscription feature allows creators to monetize specific content through flexible pricing plans, providing their followers unrestricted access to their profile and exclusive NFTs. We encourage creators and artist to generate more followers, more likes, more engagements, more subscribers and more revenue. O-MEE recognises how hard creators work to produce exclusive content, and we want to reward them. O-MEE offers a zero commission on all revenue generated through their subscription model.

O-MEE Platform Features: 

  1. NFT Marketplace: Explore, discover, collect, bid, buy, sell and mint exclusive NFTs and digital artwork. 
  2. Subscription Model: Subscribe to your favourite creators and gain exclusive and unrestricted access to their profile and NFTs with a zero percent commission rate on all revenue generated. 
  3. Sociability: Interact, engage, message, share, like, promote and connect with creators and the community.
  4. Create and Republish Media: Experiment, innovate and create pictures and videos for your followers. Integrated API connectors allow users to republish and mint existing pictures and videos from mainstream media sharing apps such as Instagram, YouTube and TikTok. 
  5. DeFi: Staking membership programme and farming partnerships gives users and token holders the ability to earn
  6. Ownership: Users own 100% of their content. No middlemen. No third party fees. No censorship. 
  7. No Oppressive Algorithms: Be in control of your content feed through their filter tool. You decide what you see.

O-MEE urges artist and creators to take back control of their future

We’re living in an experimental new world. From the metaverse to NFT’s. Everything’s in flux and everything’s new. But, web 2.0 hasn’t kept up. We’re still giving away art for hearts and likes. It’s time to reinvent. Unfriend social feeds. Unlike shady algorithms. Unfollow ads. We’re giving you your independence and equity back. So you can experiment, compose and innovate. Create meaningful value from your work. Connect with your fans. And subscribe to your favourite creators’ journey. We call it O-MEE. A social subscription and NFT Marketplace for Web3.0. Break conventions. Forge a new path. And challenge what art can be. O-MEE, reinvent your future.

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More information here: 
Website: https://o-mee.io
Twitter: https://twitter.com/omeeio
Telegram: https://t.me/omeeio

Earn up to 5000 TOKO for playing on Frontera 2919

Frontera

4th Jan 2022; Bali, Indonesia – One of the most anticipated NFT gaming metaverse company Frontera announced today its new 5000 TOKO in-game mechanic in partnership with South East Asia’s most prominent blockchain project Tokoin. In this game mechanic, Frontera players will be able to earn up to 5000 TOKO tokens, creating a recurring and stable passive income of up to $150 with a simple low buy in of $25 only. Frontera is an NFT gaming metaverse where players can CEO their metaverse — Create, Earn, and Own. Players obtain the $TOKO token by battling, collecting, and trading with their AI Mechas NFTs. Because of GameFi dynamics, which are the confluence of game and DeFi, NFTs obtain greater earning power via the staking and farming of NFTs. It is possible for NFTs to exist in many metaverses and to be exchanged cross-chain in secondary markets in this open metaverse. Fronterians can bring their NFTs from other virtual worlds and transform them into AI mechas NFTs, claiming full ownership of the Mecha NFTs they create, win, purchase, and import into the Fronterian Metaverse. Fronterians can also bring their NFTs from other virtual worlds and transform them into AI mechas NFTs.

Tokoin is a blockchain startup that is making waves in the industry. It is a forum for many blockchain-related initiatives, both locally and internationally, at the forefront of blockchain technology. This allows users to utilize the $TOKO token and its benefits by establishing a common currency across various games and projects while also giving them legitimacy, liquidity, and financial backing.

The Whitelist is currently still available for purchase at a very reasonable price of 25 dollars in BNB, with an additional 25 percent discount when purchasing using the TOKO token. Users will receive an excellent extra profit of up to 5000 TOKO per month, approximately $150 at current market price at this publication time, with methods of earning including staking users NFT, trading NFT on an external marketplace (NFTrade), and an internal marketplace, with a PvE mode of the game coming soon and further development of a PVP mode in the works. The earnings potential is limitless as TOKO token can increase in value over time and with the growing popularity of Frontera, the NFT itself could increase in secondary market price.

“ We envision the NFT gaming market to be an immersive one, yet our primary goal is to enable the users to improve their daily life with minimal investment while having fun and a sense of ownership.” Trong Dihn, Co-Founder, Frontera.

Tokoin is considered a close knitted partner to Frontera sharing its resources as well as team of developers. Tokoin a well-established blockchain startup that has its token $TOKO listed on Kucoin as well as a fresh new listing on one of the largest cryptocurrency exchanges in South East Asia. It provides high liquidity from the start of the release and allows its users and investors to contribute to the ecosystem’s success.

“ When I first spoke with the Frontera team prior to our investment and collaboration, I was so thrilled to find out how their vision and mission completely align with ours, that is to bring blockchain technology to the world for the betterment of society. I am very excited about the future for Frontera and Tokoin.” Welly Salim , CEO, Tokoin.

Frontera1

With the partnership with Tokoin, both companies has made commitments to propel and further expand Frontera gaming environment into the metaverse, which has already resulted in cross cooperation with holders of the ‘bluechip’ NFT collection, such as cyrptopunk #5486 mutant ape yacht club #9601, and cyber Kong #3828 holders, among others.

For more information on how to whitelist, follow Frontera website, social media and join community at the following links:

Website: https://frontera.games/
Telegram: https://t.me/FronteraNFT
Discord: http://discord.gg/frontera
Twitter: https://twitter.com/FronteraNFT

ALK Capital Exploring a Digital Security with INX Limited Benefiting Burnley Football Club 3290

INX Limited (INX ATS: INX), (“INX”), the owner of blockchain-based trading platforms for digital securities and cryptocurrencies, has signed a Letter of Intent with ALK Capital, owner of the English Premier League’s Burnley Football Club, to list a publicly traded digital security token linked to specific club revenues.

Security tokens are digital assets that trade and settle on the blockchain. Unlike cryptocurrencies or basic fan tokens, these are securities that will be registered with the U.S. Securities and Exchange Commission. They will offer an innovative opportunity for communities and supporters to gain financial exposure within professional sports and directly participate in the success and welfare of their favorite teams.

ALK has been working with INX on a unique opportunity for fans and others to invest directly in a team’s success and revenue streams. The security tokens would be available for purchase globally by retail and institutional investors, and then listed on the INX trading platform, which is open 24/7/365.

“We’ve been researching and focused for quite some time in pinpointing the correct digital financial instrument that gives our fans the greatest opportunity to be involved in building a strong financial foundation for our clubs, while giving them exposure to various revenue streams going forward with the comfort of an established regulatory scheme,” explained Alan Pace, Chairman of Burnley Football Club and Managing Partner of ALK Capital. “We’re always looking at ways to innovate, so we’re excited to get our supporters involved on a whole new level.”

Uniquely as a Premier League team, Burnley aims to work directly with its fanbase to build upon the team’s financial foundation with a digital security that is expected to pay dividends to holders that should fluctuate with the team’s successes on and off the field.

“INX is delighted to work with ALK Capital and Burnley Football Club to provide an innovative investment vehicle for fans and supporters of this storied football club. We look forward to working with Alan and his team to bring transparency, liquidity, and a unique investment opportunity to their global community,” stated Shy Datika, Founder and CEO of INX Limited.

L2 Labs Launches All-in-One Layer2 Platform ZKSpace, Featuring ZKSwap v3.0, NFTs, & Payments 3806

As part of a massive product and brand overhaul, L2 Labs, the team behind ZKSwap, has announced the launch of the new comprehensive ZKSpace platform on December 20th. The platform will host an upgraded Layer 2 AMM DEX ZK-Rollups ZKSwap v3.0, an NFT minting center and marketplace called ZKSea, and payment services, ZKSquare.

The upgrade will coincide with the official shutting down of ZKSwap v1.0 and the original PoG consensus mechanism in due time.

ZKSpace – A Full-Featured Layer2 Platform

The all-new ZKSpace platform is comprised of three main parts: ZKSwap, ZKSquare, and ZKSea, with an all-new-look user interface, NFT support, unlimited token listing, smoother withdrawal, optimized efficiency, and multi-chain support.

Moving forward, the formula underpinning the innovative Layer 2 AMM DEX utilizing ZK-Rollups technology will feature an important change that enables more flexibility for users. When trading with stablecoins, ZKSwap v3.0 resembles the original Curve V1.0 model, but when trading between non-stablecoins, ZKSwap v3.0 will allow for adjustable-price ranges. This means users will be able to choose at which price range to lock in LPs, and in turn, avoid excess slippage for trades that drain liquidity from those ranges. Building from the Uniswap v3.0 model, ZKSwap v3.0 does this by using ERC721 LP tokens and an ‘internal oracle re-pegging mechanism’.

With the intention of providing a standard for Layer 2 NFTs, users on ZKSpace can create, mint, buy, and sell NFTs via ZKSea. This will be an important step moving forward as gas prices are inhibiting the growth of the Layer 1 NFT marketplace and raising the barrier to entry for new users. In addition, the protocol will also feature NFT Transaction Mining and NFT Liquidity Mining which will enable users to retrieve the locked liquidity of their NFT assets and gain in a percentage of transaction fees paid by other users.

Compared with the testnet, ZKSpace adds several interesting new features to its NFT product, including Likes, Collects, Add Tags/Attributes, Share to Facebook/Twitter, etc.

About ZKSwap v1.0 & Proof of Gas Mining (PoG)

After initially launching in February 2021, the innovative ZKSwap gas fee mining model served hundreds of thousands of users across its 10-month lifespan. The model allowed protocol users to enjoy zero-gas fast transactions and meant more people could try out and work with Layer 2 technologies. During this period, thousands of ETH in gas were spared at the cost of more than $10 million, providing millions as profits to users mining gas fees on the platform. This innovation was unprecedented for Layer 2 platforms and one of the key defining qualities of ZKSwap in the beginning.

With the launch of ZKSpace, the team has made the decision to stop ZKSwap v1.0 and PoG mining in due time. This means Layer 2 transactions will now incur gas fees, but these will remain low at around 1/10th of those required for Layer 1 transitions as the platform will subsidize a percentage of the fee.

After the PoG mining contract stops producing ZKS, users’ assets in the smart contract will still remain intact and can be withdrawn at any time. Of the remaining ZKS to be distributed by the PoG smart contract, this will be mined via other methods to incentivize the further development of the Layer 2 ecosystem.

MADworld, an Animoca Brands Backed Blockchain Platform Launches B.Duck’s First NFT Project Globally 4408

Non-fungible token (NFT) trade has become a rising trend in the market. MADworld, a NFT marketplace of Animoca Brands, announced on Tuesday that it has collaborated with B.Duck, a world renowned brand, to drop a new NFT limited collection on 29 December 2021. This will deliver B.Duck assets that provide valuable and lasting utility, guarantee return on joy to the MADworld community and the worldwide B.Duck fan base.

B.Duck was designed by Mr. Eddie Hui in 2005 as a gift to accompany his children as they grew. By launching a three-part series of the B.Duck NFT drops, the innovative partnership will extend the brand motto of “Be Playful, Be Unique, Be Happy” far beyond just the physical world, sending B.Duck deep into the metaverse. So far, B.Duck has brought joy, positivity and inspired a love for travel among more than 10 million fans around the world, and will now continue its journey to every corner of the metaverse.

MADworld is backed by Animoca Brands, the blockchain unicorn co-founded by Yat Siu. Being one of the world leaders in digital entertainment, Animoca Brands has the largest blockchain gaming and metaverse portfolio including unicorns such as “The Sandbox”, Gamee, Ark8, OliveX’s Dose, and REVV Motorsport with renown IP such as F1 Delta Time. Over the last month, “The Sandbox” has not only received a US$93 million investment from SoftBank but also attracted global consumer brands such Adidas, Atari, Smurf and personalities like Steve Aoiki, Snoop Dog and even Crypto identities such as Bored Apes Yacht Club. Leveraging Animoca Brands’ extensive network, B.Duck’s NFT is expected to gradually enter the metaverse with exciting new original content formats and game-Fi user-experiences, making the “Duckverse” the next blockbuster.

Dreams Quest Partners with The Sandbox 4547

Quest

Metaverse – December 15, 2021Dreams Quest and The Sandbox, a subsidiary of Animoca Brands and the leading open NFT metaverse platform, are pleased to announce they have entered into a global strategic partnership, combining Dreams Quest’s industry-leading character development with The Sandbox’s expansive metaverse and next-gen technology.

With collaboration playing an increasingly critical role in every aspect of the metaverse and GameFi space, the companies recognize that they need to accelerate the development of cross digital solutions. The partnership brings together strategic skills in gaming, business and technology, that bring value to gamers and facilitate financial opportunities to more users.

“The Dreams Quest – The Sandbox partnership is a powerful combination. The Sandbox virtual metaverse allows users to create and play games within a game and has a collaborative approach that is uniquely complementary to the Dreams Quest ecosystem. We believe this partnership will help the GameFi sector bring mass adoption as the arena shifts to retail players looking for play-to-earn games,” said Paulii Good, Dreams Quest Co-Founder and CMO. “It’s also been wonderful having Sébastien Borget, the Co-Founder and COO of The Sandbox, as one of our strategic advisors.”

“The Sandbox open metaverse aims to be the place where NFT projects come to life and enable their community to create stories with their favorite NFT characters using our #no-code Game Maker,” said Sebastien Borget. “Dreams Quest provides a universe of heroic fantasy that will inspire all creators.”

As an indication of commitment to the partnership, Dreams Quest will be adding special edition NFTs of its high profile characters to The Sandbox NFT marketplace, starting with a voxel version of Dreams Quest’s frost giant.

By virtually connecting Dreams Quest to The Sandbox the collaboration creates an immersive and decentralized gaming experience where gamers are in complete control of their NFT cards while pushing towards a metaverse-based economy.

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About Dreams Quest

Dreams Quest is building the first-ever metaverse-based economy, a self-sustaining DreamsVerse where people will be able to participate in the decentralized play-to-earn RPG game using dynamic NFTs. Unknown factors will affect character attributes in-game, and post-game outcomes will dynamically change the NFT card attributes and write them on the blockchain (the ethereal scribes) to show game history for each card.

Discord: https://discord.gg/dreamsquest
Telegram chat: https://t.me/dreamsquesttavern
Twitter: https://twitter.com/DreamsQuestNFT
Main website: www.dreams.quest

About The Sandbox

In The Sandbox, creators and brands can build, own, and monetize immersive 3D worlds and game experiences on a virtual LAND they own. With The Sandbox’s play-to-earn model, every creator is free to share, trade, or sell their creations while retaining full ownership and revenue. To date, over 165 brands, such as the Walking Dead, deadmau5, Atari, Rollercoaster Tycoon, The Smurfs, among others, have built exclusive experiences. The Sandbox Alpha is live now, with full launch scheduled in 2022. For more information, please visit www.sandbox.game and follow the regular updates on Twitter, Medium, Telegram, and Discord.