Arts

Home Arts Page 152

Detroit to Allow Residents to Pay Taxes with Cryptocurrency Starting 2025 – Cryptoflies News

0
Detroit to Allow Residents to Pay Taxes with Cryptocurrency Starting 2025 – Cryptoflies News


14

Detroit, Michigan’s largest city, announced that residents will soon be able to pay taxes and other city fees using cryptocurrencies, beginning in mid-2025. 

The announcement, posted on the city’s official website on November 7, outlines Detroit’s aim to modernize payment options and support economic growth while attracting crypto supporters.

This new payment option will be facilitated through a platform managed by PayPal and, once live, will make Detroit the largest U.S. city to accept cryptocurrency for payments.

As of November 2024, only three U.S. states — Colorado, Utah, and Louisiana — allow cryptocurrency payments for state-related fees. 

Colorado pioneered this trend in September 2022, becoming the first state to allow residents to pay state taxes in cryptocurrency. Utah followed suit shortly after, enabling taxpayers to use crypto for state taxes. In September 2024, Louisiana began accepting crypto payments for specific services. All three states use processing systems that convert cryptocurrency payments into U.S. dollars to complete transactions.

You Might Be Interested In

Detroit’s statement also opened the door for new ideas related to blockchain technology, inviting proposals through December 15. The city is looking for blockchain-based projects that could improve service efficiency, enhance security, and increase transparency for its residents. 

The move places Detroit among a growing number of global cities and countries exploring digital assets and blockchain applications. 

Many countries are seeking ways to regulate the industry while promoting technological innovation. Earlier this year, Dubai’s Virtual Asset Regulatory Authority (VARA), under CEO Matthew White, announced efforts to simplify regulations to benefit small crypto businesses.

Meanwhile, in March, Estonia approved a bill to oversee and regulate cryptocurrency service providers in the country. In December 2023, Japan proposed tax reforms that would exempt corporations from taxes on unrealized crypto gains, a step aimed at encouraging long-term investments and fostering Web3 adoption.



Source link

WOW Summit is to Announce Details: Agenda and Speakers are Here to Thrill

0
WOW Summit is to Announce Details: Agenda and Speakers are Here to Thrill


Date: November 11-12, 2024Location: Emsphere-UOB LIVE, Bangkok, Thailand

www.bangkok2024.wowsummit.net

The event organizers shared some topics to discuss at the WOW Summit — and they are truly impressive.

The WOW Summit is a global gathering for Web3 enthusiasts, offering a platform to explore, learn, and connect within the blockchain and Digital Assets ecosystem. The event showcases cutting-edge innovations, fosters collaboration, and provides opportunities for networking with industry leaders and like-minded people.

Panel discussions will alternate with fireside chats and accompanied by a lunch break.

Among the topics to discuss will be the following:

Fundraising and Investor Opportunities and the Convergence of Web3, AI, and Fintech in a Decentralised World

Ultimate Value: The Strategic Role of Tokenizing RWAin the Digital Economy

Web3 Infrastructure Unveiled: Pioneering Technologies and Emerging Trends Stablecoins in Asia

Scaling Web3 Gaming Startups: Practical Strategies for Growth in the Open Metaverse

Mass Adoption of Blockchain for Digital Ownership and Asset Management

In addition, attendees can anticipate discussions on AI infrastructure investments, legal frameworks and regulations, privacy, ZK Technology, the Decentralized Physical Infrastructure (DePin). Another highlight will be a discussion on cybersecurity in the AI era, along with the challenges and opportunities of the Web2 to Web3 transition for the enterprise sector.

The event’s co-organizer is ABC Conclave, a premier global conference dedicated to showcasing the latest advancements, trends, and insights in the Web 3.0, Blockchain and Crypto space. Having assembled together top-tier C-level and prominent experts from the web3, blockchain, and metaverse sectors, ABC Conclave provides a unique opportunity to connect with thought leaders, innovators, and decision-makers driving advancements in these transformative technologies.

“We are excited to co-organize the ABC Conclave in Bangkok, a pivotal gathering that unites the dynamic realms of Web3, AI, and gaming. Our vision is to create an innovative platform where thought leaders, creators, and entrepreneurs come together to explore synergies, drive collaboration, and shape the future of technology. Together, we are not just witnessing the evolution of these industries; we are actively participating in it”, – Kirubakaran Reddy, Founder & CEO, Alphablockz & ABC Conclave.

So, no surprise when WOW Summit announced a whole range of speakers, the list was truly impressive:

Yat Siu, Co-Founder & Executive Chairman at Animoca Brands

Sebastian Borget, COO & Co-Founder of The Sandbox Game, the open NFT Metaverse

Nicolai Reinbold, Partner Strategy & Ecosystem at CV Pad CV VC

Eowyn Chen, CEO at Trust Wallet

Arpit Sharma, COO at PWR Labs

Aly Madhavji, Managing Partner at Blockchain Founders Fund 

Mark Mueller-Eberstein, Investor at Alliance of Angels

Argie Gaviola, CTO at BEBE

Stani Kulechov, Founder & CEO Avara, Aave Labs and Lens

Alice Truong, Vice President Head of Digital Assets in APAC at Nuvei

Sandy Peng, Co-Founder at Scroll

Nikhil Joshi, COO at EMURGO

Dominic Schwenter, COO of Lisk 

Victor Ji, Co-Founder at Manta Network

Ben Caselin, CMO at VALR

Besides, WOW Summit shared some details on the event’s partners. Among them are:

One2Cloud, a leading provider of comprehensive multi-cloud solutions, helping businesses optimize performance, reduce costs, and drive innovation globally. One2Cloud has become a part of a rapid digitization, since many businesses have gone online. Thus, a secure, scalable and sustainable cloud environment turned from a company’s whim to its valuable attribute. One2Cloud helps to get through this journey, taking care of performance optimization and offering cost-efficient solutions. Founded in 2021, the company quickly became a leader in providing customized Multi-Cloud solutions that help businesses thrive. Their certified cloud experts provide tailored cloud strategies across industries, ensuring seamless support throughout the whole cloud migration.

OneClick.fi, a user-friendly platform for one-click DeFi farming. It leverages chain abstraction, applied AI, and new ERC-7208 standard to connect on-chain users and web3 protocols in a seamless, transparent, and reliable way.

Qore Management Consulting, a global consultancy, empowering businesses to achieve their full potential through strategic planning and precise execution. The company offers tailored solutions in asset structuring, investment support, and tax planning to help clients navigate complex challenges and drive growth.

The list of people representing partners also include Andrew Peters (CMO at BEBE Global), Nares Laopannarai (President at Thai Digital Asset Association), Barami Rai (Co-Founder & CEO at DTC-Group), Amy Wong (Managing Partner Oasis Labs IBD, Partner & Assets management), Bowie Lau (Managing Director at MaGE Group) and эTravis Ye (Сo-founder at Offchain SG and ICP Hub SG), Nick Shaheen (Director of BD at Bankless), Alena Yudina (Founder of Quantum Leap Strategy AG (Switzerland)), Adrian Clevenot (Digital Assets Markets Lead at PwC), Niorn Kiatdamrong (Chief Operating Officer, Bitkub Chain), Max Rebol (CEO and Managing Partner at Harbour Industrial Capital, Head Ambassador Polkadot). As you see, the event is truly awe-inspiring in its scale and reach.

In addition, the participants will listen to the presentations of experienced fintech innovators, regulatory experts, blockchain entrepreneurs, real estate executives, stablecoins & payments experts, blockchain architects and cybersec professionals.

The title sponsor of the event is MiSon, a company composed of experts in blockchain, AI, and finance. Their MiSon Protocol leverages AI to optimize asset allocation and provide innovative reward and insurance mechanisms for users.

Bitkub, a leading cryptocurrency exchange in Thailand, is the platinum sponsor of the event. The company has a significant market share in the country and has attracted significant investment.

Furthermore, as a part of the WOW Summit, the TON SUB Summit is scheduled for November 12th in Bangkok. It promises to be a significant event for the TON ecosystem. This gathering will bring together key players, including founders of leading TON projects and representatives from the TON Foundation, TON Society, and more. Attendees will have the opportunity to network, learn, and discuss the future of TON.

The TON SUB Summit will be held on the main stage of WOW Summit on 12th November 14:00-19:00. The event is hosted by WOW SUMMIT and Oasis Labs.

Despite sharing this information, the WOW Summit organizers are still not revealing all their cards.

“Since 2021, WOW Summit has earned the support of governments, top blockchain protocols, and an investor community with $300 billion in AUM. For the first time in Thailand, this year’s summit invites blockchain developers to join a business-focused event. Expect dynamic speakers, exciting topics, and surprises like special guest appearances and unique experiences. We’re confident WOW Summit 2024 will be one of the year’s standout events”, – says Ivan Ivanov, Global CEO of WOW Summit.

INPUT agency will serve as a co-host of the media room at WOW Summit, facilitating interviews with the event’s speakers and partners. These sessions will be led by Anastasiia Kulibaba, Communications Director at INPUT agency, ensuring a high level of professionalism and engagement throughout the event.

Bangkok will host the WOW Summit 2024 in November for the first time after its rapid expansion over APAC. It will be a major Web3 event expanding its focus to include AI, marketing, and fintech. Over 5,000 attendees from 30 countries will gather to explore the future of digital innovation.

Get Ready for the Future of Web3 – See You in Bangkok!

NFT News Today’s press release service provides a streamlined platform for individuals and organizations to share and distribute noteworthy announcements

View all posts



Source link

Party Icons Closed Beta Test Now Live with New Game Mode

0
Party Icons Closed Beta Test Now Live with New Game Mode


Multiplayer game Party Icons has launched its closed beta, inviting players to explore its innovative gameplay features and web3-integrated economy.

Set on the virtual island of Miragio, Party Icons offers a mix of competitive and casual game modes designed for a wide range of players.

With decentralized community management tools and exclusive features, the game aims to reshape traditional multiplayer experiences.

What is Party Icons? Source: Party Icons

What is Party Icons?

Party Icons is a dynamic gaming metaverse available on both mobile and PC, combining accessible casual games with more strategic elements in a single ecosystem.

Through features like Party-as-a-Service, players and guilds can personalize their gaming experience, organize events, and actively shape the game’s environment. Another unique aspect is God Mode, which allows holders of OGX̅ NFTs to influence gameplay in real-time by introducing changes, creating challenges, and adding items to the game.

Party Icons emphasizes social interaction, strategic play, and an open economy, enabling players to own digital assets and contribute to the game’s ongoing evolution.

Party Icons Closed Beta Test
Party Icons Closed Beta Test Source: Party Icons

What’s new in Closed Beta?

The closed beta introduces players to the Partyverse on Miragio Island, featuring three main game modes:

Party Heist: A tactical mode where players can choose different strategies for victory, from securing early extractions to hunting bosses for rare loot or intercepting rivals at extraction points.Party Brawl: A 3v3 mode that emphasizes teamwork and strategy in short, high-intensity matches.Carnival Clash: A collection of over 25 short mini-games that provide casual, quick-play options for a more relaxed gaming experience.

In addition, the beta includes an exclusive feature called God Mode, accessible only to holders of OGX̅ NFTs. This mode allows select players to act as game masters, influencing the game environment in real-time by deploying items, initiating events, and altering rules mid-game.

The closed beta phase is focused on testing the game’s core features, gathering feedback, and refining player experience. Developers plan to adjust gameplay and incorporate community input from this beta as they prepare for a broader release.

With the full launch on the horizon, Party Icons is set to expand its player-driven economy, web3 integration, and community-driven gameplay in the coming months.



Source link

Earn Big with NXI Airdrop: 2 Reward Campaigns

0
Earn Big with NXI Airdrop: 2 Reward Campaigns


The NXI airdrop has two main initiatives to help you earn and engage before the NXI token launch in Dec 2024. In this article, you’ll learn about Billionaire’s Path: Build Your Fortune, a casual wealth-building game on Telegram with a $500,000 NXI token pool and an Everdawn Champions Airdrop Campaign with 105 million NXI tokens across multiple reward pools.

Backed by Animoca Brands, this is NXI’s way of building a community-driven ecosystem. Let’s dive into how the airdrops work and what’s in them for you.

Billionaire’s Path: Earn with a Casual Game on Telegram

Billionaire’s Path: Build Your Fortune is a hypercasual game on Telegram for players who want a simple and interactive way to earn virtual dollars and get rewards. This game has a $500,000 NXI token prize pool and is a low barrier to entry for anyone to get into the NXI ecosystem.

In Billionaire’s Path, you can engage in:

Tapping to Earn: The main mechanic of the game allows you to collect virtual dollars by tapping, which is easy for anyone to start building their “wealth.”

Daily Rewards and Slot Machine: Daily logins give you extra bonuses, and the slot machine feature gives you variable rewards to keep things interesting.

Business Investments: For a more serious approach, you can invest in virtual businesses to earn passive income.

Referral Incentives: You get 10% of your invited friends earnings.

Billionaire’s Path is available on both desktop and mobile, so you can earn NXI tokens and play at your own pace.

Everdawn Champions Airdrop Campaign: 4 Reward Pools for Token Rewards

Apart from Billionaire’s Path, the Everdawn Champions Airdrop Campaign is a competitive space where you can earn NXI tokens through leaderboards and tasks. Everdawn Champions is a free-to-play, Tactical Trading Card Game where your cards come to life. With 105,000,000 NXI tokens up for grabs, this campaign has 4 main reward pools for different types of participants:

Questing Leaderboard: The Questing Leaderboard rewards players for creating an account on the Everdawn Game Portal, linking a Web3 wallet and completing daily quests. With 30 million NXI tokens in the pool, the top 5,000 players will share in these rewards. And an extra 5,000 participants who earn at least 1,250 points will get tokens through random selection.

Everdawn Champions Leaderboard: This leaderboard is for players of Everdawn Champions on the Epic Games Store. Points are awarded for game completions and wins (300 points per win, 100 points for completed games). The top 5,000 players will share 30 million NXI tokens with extra rewards for players who earn over 1,000 points.

Champions NFT Holders: 30 million NXI tokens are reserved for Everdawn Champions NFT holders, who will get an airdrop automatically. NFT rarity and attributes will increase the reward amount, and staking options will be available for players who want to get more tokens.

Referrals: 15,000,000 NXI tokens are allocated to the referral pool. Referrers earn points for each new user they invite, and the top 2,000 referrers will share in the token pool. And 1,000 random participants with at least 100 referral points will get tokens.

These four pools in the Everdawn Champions Airdrop Campaign give players different ways to earn NXI tokens, each with varying levels of engagement and competition.

The airdrop campaign is part of NXI’s larger vision to build a community-driven gaming ecosystem that rewards user participation. At the heart of this ecosystem is the $NXI token, which connects three main components: NXI Play, NXI Build and NXI Share. Each allows users to earn, interact and contribute.

The NXI team has already received backing through an oversubscribed pre-seed funding round and partnerships with Sky Vision Capital. With this support, NXI will expand beyond the airdrop campaign and add more games and Web3 integrations focusing on user engagement.

As the NXI token will list on top exchanges, the airdrop campaign is a way for new users to get in, with different entry points for crypto newbies and Web3 enthusiasts.

Conclusion

The NXI airdrop campaign is a mix of casual and competitive, so players can choose how to engage with the ecosystem. Whether through Billionaire’s Path game or Everdawn Champions Airdrop Campaign, players have plenty of ways to earn and contribute.

Overall, with Animoca Brands on board, the airdrop campaign shows NXI’s focus on community gaming. Get in, start earning NXI tokens now, and prepare for NXI in Web3 gaming.

Editor’s note: Written with the assistance of AI – Edited and fact-checked by Jason Newey.

Jason Newey

Jason Newey is a seasoned journalist specializing in NFTs, the Metaverse, and Web3 technologies. With a background in digital media and blockchain technology, he adeptly translates complex concepts into engaging, informative articles.

View all posts



Source link

Maximize Your Rewards: The Machines Arena Season 2 Airdrop Guide

0
Maximize Your Rewards: The Machines Arena Season 2 Airdrop Guide


The Machines Arena (TMA) Season 2 Airdrop is live and with it comes 22 million $TMA tokens to distribute to players. This season’s Play-to-Airdrop (P2A) is going to reward active players with exclusive prizes, digital collectibles and benefits leading up to the Token Generation Event (TGE). Here’s how to get the most out of Season 2 Airdrop in The Machines Arena, from earning points to trading collectibles on Mavis Marketplace.

Airdrop and What’s at Stake

Throughout The Machines Arena Season 2 airdrop campaign, you will have many ways to earn points which contribute to rewards and leaderboard standings. Points are earned by playing matches, logging in daily and completing quests — all of which can unlock in-game items and move you up the leaderboard.

Following this guide will help you understand how to navigate the TGE and maximize your earnings. The TGE is where $TMA tokens, the in-game currency, will be tradable and you can exchange your points for real rewards. Preparation is key as players who perform well in the P2A season will receive a larger allocation of $TMA tokens.

Get the Most

Consistency is key to getting the most in The Machines Arena. Logging in daily, completing quests and playing matches all contribute to points. The more points, the higher the chance of receiving rewards and moving up the leaderboard, where top players get the best prizes. Ranked matches are a great way to earn extra points and consistently playing them will make a big difference to your overall earnings.

VIP players have an extra advantage, getting daily bonus points and a higher TGE unlock percentage. Consistent gameplay and focusing on team performance will also give you more points.

TGE Preparation

The TGE is a big event in The Machines Arena calendar. During this event players who have earned points and rewards throughout the P2A season can get special benefits and potentially higher value $TMA tokens. To prepare for the TGE, maximize your points during the P2A season by playing and completing quests.

Understanding the VIP benefits is crucial as they will impact your rewards during the TGE. VIP players get extra TGE unlocks that will boost their position and earnings. Stay engaged with the game and community — the more you play and follow community updates the better your chances of getting exclusive rewards.

Earning and Trading Digital Collectibles

In addition to $TMA tokens, players can earn digital collectibles through matches, quests and special events. These collectibles will enhance the gameplay experience and give exclusive benefits and customization options. Once players get these items they can trade or sell them on Mavis Marketplace, the dedicated platform for TMA digital assets.

This player-driven marketplace adds a whole new layer to the game as players can buy, sell and exchange items, creating a dynamic economy where users can monetize their efforts and collect rare items to boost their game. For many trading on Mavis Marketplace is a way to turn in-game achievements into real rewards, creating an ecosystem where players can build their in-game portfolio.

Ronin Side-Chain

The Machines Arena is on Ronin side-chain, a blockchain for gaming that provides a smooth and fast gaming experience. By using Ronin, TMA reduces transaction fees and network congestion especially during TGE and airdrop events. This is a big deal as it allows for fast, secure and token storage of $TMA tokens. Players can manage and trade their tokens and rewards without worrying about delays or extra cost and focus on the gameplay.

Final Thoughts

The Machines Arena Season 2 Airdrop is an opportunity to be part of an ever-evolving gaming economy where rewards and achievements have real value. By playing consistently, using VIP benefits and staying engaged with the community, players can get the most out of the TGE.

With Ronin side-chain and Mavis Marketplace, The Machines Arena is pushing the limits of play-to-airdrop gaming. So log in, start earning and get ready to level up in The Machines Arena.

Editor’s note: This article was written with the assistance of AI. Edited and fact-checked by Owen Skelton.

Owen Skelton

Owen Skelton is an experienced journalist and editor with a passion for delivering insightful and engaging content. As Editor-in-Chief, he leads a talented team of writers and editors to create compelling stories that inform and inspire.

View all posts



Source link

Donald Trump’s Presidential Win Spurs NFTs and Memecoins Surge – Cryptoflies News

0
Donald Trump’s Presidential Win Spurs NFTs and Memecoins Surge – Cryptoflies News


7

Following Donald Trump’s victory in the U.S. presidential election, his non-fungible token (NFT) collections and Trump-themed memecoins experienced a significant surge in interest and activity.

CryptoSlam data shows that Trump’s “Digital Trading Cards Series 2” experienced a sharp rise in the past 24 hours, with sales up by +708% and transactions increasing by +608%.

However, this uptick had already been building since tensions flared in the Trump-Harris campaign. Over the past 30 days, Series 2 reported a +644% increase in sales, a +525% rise in transactions, and a +132% boost in buyers.

Series 1 of Trump’s NFT collection also saw notable gains. In the last 30 days, its sales increased by +174%, with transactions up by +186% and the number of buyers growing by +181%.

Beyond NFTs, Trump-themed memecoins have experienced similar surges. MAGA (TRUMP) One saw a massive one-day price increase of 786.43%, with trading volume skyrocketing by 1407.79%, totaling over $3.62 million, according to CoinMarketCap. 

You Might Be Interested In

This is not the first time a Trump-themed memecoin has seen a rise. In May, Trump’s crypto assets reached a high of $10 million, mainly driven by the MAGA (TRUMP) coin, which peaked at $13.24 on May 27. Another price jump of over 63% occurred for the same memecoin in July following an attempted attack on Trump in Butler, Pennsylvania.

The community may see this surge as a positive sign. Trump has previously shown support for Web3 technologies and has been vocal about his favorable stance on crypto and NFTs. 

A recent financial disclosure reveals that Trump holds between $1 million and $5 million in Ether (ETH) and earned $7.1 million from NFT licensing fees.

Trump’s first NFT collection launched in late 2022. His third release, titled “Mugshot,” included a physical item — a piece of the suit he wore during his August 2024 arrest in Fulton County, Georgia. 

In August, Trump launched his fourth and final pre-election NFT collection, “America First.” This series featured trading cards of him and perks like sneakers, fragments of his suit, and VIP access to a gala dinner.



Source link

Lumiterra to Launch Closed Beta Test 2, Coming November 11

0
Lumiterra to Launch Closed Beta Test 2, Coming November 11


Web3-based MMORPG Lumiterra is launching its second Closed Beta Test (CBT 2) on November 11, 2024, introducing new gameplay features and wider player access.

Set to run for three weeks, this phase brings refined progression systems, enhanced dungeon challenges, and new modes aimed at boosting player engagement.

With updates based on feedback from the first CBT, Lumiterra’s developers are focused on balancing gameplay and providing an expanded experience within a unique open-world setting.

What is Lumiterra? Source: Lumiterra

What is Lumiterra?

Lumiterra is a free-to-play MMORPG that integrates web3 elements into a survival and crafting-focused multiplayer experience.

In an open-world environment, players engage in combat, farming, and crafting, with the option to specialize in various roles such as agriculture or combat. These roles provide specific in-game advantages: players focusing on combat can access advanced weaponry, whilst those dedicated to farming unlock productive resources and crafting materials.

In addition to gameplay, Lumiterra includes NFTs and the $RON currency, establishing a DeFi-driven economy where players can trade, enhance equipment, and access various in-game benefits.

Lumiterra on Ronin Blockchain
Lumiterra on Ronin Blockchain Source: Lumiterra

What’s new in CBT 2?

The upcoming CBT 2 phase brings several new and enhanced features to expand the gameplay experience:

Upgraded Equipment Enhancement and Lottery System: Players can now enhance equipment above Level 1, allowing for more substantial progression. The Enhancement Lottery offers participants a chance to win a share of a prize pool funded by enhancement fees, encouraging ongoing upgrades.Expanded Dungeon System with Centennial Trials: The dungeon system now features six difficulty levels, enabling players to earn rewards that scale with performance. The Centennial Trials introduce a dungeon with nine levels and multiple stages, where prize pools reset every 30 minutes, creating a regular incentive for participation.Escort Slime PvP Mode: This new team-based event requires players to collaborate in protecting a Slime character from enemy attacks. Rewards are awarded for successfully escorting the Slime and for defeating opposing teams, with unique challenges and rewards linked to different Slime types.

Access to CBT 2 is available to players who met certain criteria in the first test, such as achieving a Reputation Score of at least 1,000 or making a minimum purchase. Additionally, players who hold specific collectibles, including Axies, and those who complete whitelist challenges through events can join.



Source link

Polymarket and Prediction Markets: The Role of Betting in Election Forecasting | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art

0
Polymarket and Prediction Markets: The Role of Betting in Election Forecasting | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art


Election prediction markets like Polymarket have long been a unique way to gauge public sentiment, providing real-time insights based on people’s willingness to put their money where their predictions are. As we saw with the recent election, platforms like Polymarket were instrumental for many observers wanting a pulse on the election as it unfolded. However, their performance wasn’t without limitations, showing the nuanced reality of prediction markets.

Polymarket: Real-Time Proxies, Not Crystal Balls

Polymarket’s allure lies in its dynamism. During the recent election, Polymarket offered real-time insights as vote counts rolled in, allowing users to follow shifts in sentiment almost minute-by-minute. According to an analysis by @punk9059, Polymarket gave viewers an accurate, if not always precise, look into voter behavior, such as fluctuating probabilities for key outcomes like the popular vote and battleground states.

Polymarket had its strengths, serving as a valuable proxy, but some forecasts were off. For instance, at one point, it predicted a 25% chance of Trump winning the popular vote. This divergence highlights the limitations of even the most responsive prediction markets: they reflect short-term sentiment rather than guarantee outcomes.

A “Massive Win” for Prediction Markets?

For proponents of Polymarket, like @SteveKBark, Trump’s eventual win underscored the platform’s utility and accuracy—challenging skeptics who dismissed prediction markets as unreliable. The final outcome lent credibility to prediction markets, which were at times mocked by mainstream political analysts.

However, the journey of prediction markets during the election also highlighted that these tools are just one piece of the forecasting puzzle. They’re incredibly useful for real-time updates and provide a platform for aggregated public sentiment, but they do not substitute for in-depth polling analysis. The blend of real-time betting with data-rich polling remains a promising area for election analysis.

The Future of Prediction Markets in Politics

Prediction markets, by design, are fluid and thrive on the collective wisdom (and biases) of their participants. Polymarket’s performance in the recent election has already sparked discussions about the viability of prediction markets as alternative forecasting tools. With their data-driven appeal, these markets offer unique insights that could complement traditional polling, especially in unpredictable races. As blockchain-backed prediction markets grow, they may become a key fixture in the media’s election coverage toolkit, with potential for better accuracy as more people participate and learn.

TL;DR

Polymarket offered valuable real-time election insights but had mixed accuracy, showing both the strengths and limitations of prediction markets as election forecasting tools. As prediction markets like Polymarket grow, they might provide complementary insights to traditional polling, with promising potential for the future.

 



Source link

Boomland Airdrop Season 2: Earn Rewards Worth $1M in Hunters On-Chain

0
Boomland Airdrop Season 2: Earn Rewards Worth M in Hunters On-Chain


Hunters On-Chain has launched Season 2 of the Boomland Airdrop on Game7 with a 100M $BOOM token prize pool worth $1M at its Token Generation Event. This season has an expanded LootDrop campaign with new ways to earn rewards, including Faction Wars.

With PvE and PvP modes, you can compete to rank on the leaderboard and get your share of the massive prize pool. Here’s what you need to know.

Rewards: $BOOM Tokens, XP and Premium Loot

Season 2 airdrop has 90M $BOOM on the leaderboard and 10M $BOOM on Faction Wars, rewarding players for in-game achievements and faction performance. Here’s what you can get:

$BOOM Bags: Contains $BOOM tokens which can be traded or burned to convert to in-game currency for character levelling.

G7 Portal XP and Credits: Earned through gameplay, XP and credits improve ranking and unlock items.

Premium Hunters and T3 Genesis Chests: Top players get Premium Hunters with special perks and T3 Genesis Chests with valuable items.

With tradeable $BOOM tokens, you can earn real-world value for your Hunters On-Chain efforts. Top players can convert these rewards into valuable assets in the Boomland ecosystem. It’s important to note that the full public launch of the $BOOM token has not yet happened.

Join the Boomland Airdrop

Go to Game7’s LootDrop page and connect your Boomland account to the Game7 Portal.

Go to Boomland’s airdrop page, and you can also join a faction using a community referral code to join other players in Faction Wars.

Start playing in Hunt Mode and get as high a score as possible to rank on the leaderboard.

Complete the first trial in the Boomland LootDrop campaign to qualify.

The top 3 factions in Faction Wars will share 10M $BOOM; faction ranking is based on the average score of each group. To join a faction, head over to Boomland’s X page to find some you can join (including reference codes), such as Blocklords.

The application deadline to start your own faction is November 21st, and you can do so on Game7.

Real Ownership with Immutable Passport

Hunters On-Chain uses blockchain to give players real ownership of their progress and assets. Through the Immutable Passport, players can store, trade or sell their Hunters, equipment and other valuable items, so their in-game efforts have real value. With this integration, players’ time and achievements translate to assets that can be transferred out of the game.

Game Modes: Earn $BOOM in PvE and PvP Challenges

Hunters On-Chain has several game modes for PvE and PvP players, each with different ways to earn $BOOM, XP and rewards. In PvE modes, you can play Hunt Mode, a 3 minute co-op battle across biomes with increasing difficulty.

For a team play experience, Co-Op Mode allows you to join another Hunter to protect the King, with levelling and bonus rewards during the battle. In Boss Hunt, you face powerful enemies, leading up to the ultimate boss fight that tests your skills and strategy.

For PvP players, Duel Mode allows you to play ranked best of 3 matches against each other, with winners increasing their rank and reward potential. Bounty Hunter Mode is a 10-player battle royale where players compete for valuable rewards.

During these matches, you can heal and temporarily boost your stats by picking up items on the battlefield, adding a strategic layer to PvP.

Tips to get the most out of the Boomland Airdrop

To get the most rewards in the Boomland Airdrop, focus on XP-boosting activities like completing quests, getting badges and referring friends to the game.

Premium hunters give you extra XP boosts that can help you climb the leaderboard. Being part of the community and following game updates also gives you tips and strategies.

In a Web3 game where every point matters, focusing on high XP activities and using in-game advantages like premium hunters can make a big difference in topping the leaderboard. By planning your gameplay and being active in the Boomland community, you can get more rewards and have more fun.

Conclusion: Why Join the Boomland Airdrop

The event runs till November 28, and the Boomland Airdrop gives you many chances to earn $BOOM tokens, exclusive loot and more rewards the longer you play. There is zero cost to join, and it is already popular among players to climb the leaderboard. If you want to boost your rewards, join a Faction with a referral code and get extra chances—the top 3 Factions get bonuses for the whole team. It is easy to join, play and see what you can win.

Editor’s note: Written with the assistance of AI – Edited and fact-checked by Jason Newey.

Jason Newey

Jason Newey is a seasoned journalist specializing in NFTs, the Metaverse, and Web3 technologies. With a background in digital media and blockchain technology, he adeptly translates complex concepts into engaging, informative articles.

View all posts



Source link

ApeChain: Unlocking the Future of Blockchain with Content, Tools, and Distribution | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art

0
ApeChain: Unlocking the Future of Blockchain with Content, Tools, and Distribution | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art


 

ApeChain, the Ethereum layer-2 network by ApeCoin DAO, has quickly emerged as a forward-thinking platform that optimizes blockchain for the BAYC ecosystem and beyond. Building on Arbitrum’s technology and an innovative ecosystem blueprint, ApeChain emphasizes three main areas: Content, Tools, and Distribution. This approach aims to create a streamlined experience for developers and users, with features designed to elevate web3 interactions.

ApeChain Core: Enhancing the Blockchain Experience

ApeChain’s core plan focuses on user-centric growth, facilitating discovery, competition, and broad distribution.

Discovery: ApeChain aims to make blockchain exploration easy with a comprehensive ecosystem website launching in September 2024. Partnering with companies like Halliday, Decent, and Privy, ApeChain provides tools for seamless onboarding, account abstraction, and bridging with fiat onramps. This user-friendly approach not only attracts new participants but also makes navigating the ecosystem intuitive and accessible.
Competition: Leveraging unique web3 protocols, ApeChain introduces the Reboot Protocol, a framework that allows users to place wagers on themselves, friends, or events. This protocol can support competitions across all ApeChain dApps, adding an engaging competitive element. Furthermore, ApeChain is pioneering Native Yield, enabling instant withdrawals across ApeCoin, ETH, and stablecoins—a first for blockchain platforms.
Distribution: To expand ApeChain’s reach, the platform collaborates with renowned brands like BAPE. Its integration with Otherside, Yuga Labs’ metaverse project, makes use of the ODK (Open Development Kit), which incorporates Unreal Engine Blueprints. These blueprints let users buy, sell, and trade NFTs directly in the Otherside metaverse, further advancing the spatial internet and providing a new, immersive way to engage with crypto.

Arbitrum’s Role: Key Technological Upgrades

ApeChain leverages Arbitrum’s roadmap, including Stylus, Timeboost, BoLD, and Cluster Chains—each designed to enhance scalability, transaction efficiency, and security on ApeChain.

Stylus: A new programming paradigm, Stylus enables developers to write smart contracts in Rust, C, or C++ while maintaining compatibility with Ethereum’s EVM. This flexibility makes ApeChain a versatile environment for developers with varied technical backgrounds.
Timeboost: This upgrade introduces priority gas fees, allowing users to expedite transactions by paying a premium. Half of these fees return to the DAO, while the other half is burned, creating a natural deflationary effect on ApeCoin as demand grows.
BoLD (Bounded Liquidity Delay Protocol): BoLD moves ApeChain closer to permissionless validation, decentralizing security further. Validators can act as proposers and challengers, earning rewards for defending network integrity. This protocol enables ApeCoin-based security bonds and introduces specialized roles for Yuga NFTs, further integrating the Ape ecosystem into ApeChain’s core technology.
Cluster Chains: An innovative Arbitrum feature, Cluster Chains allows interconnected chains to leverage each other’s validators, boosting scalability and throughput. By facilitating cross-chain collaboration, ApeChain ensures faster transactions and expands capacity to support a growing user base.

Protocol Incentives: Banana Bill’s Support for Builders

ApeChain’s Banana Bill initiative funds dApp development on the network, with a unique rewards program for early contributors. The initiative provides token allocations for decentralized contributions, incentivizing developers to build and grow on ApeChain. This points-based rewards system fuels ecosystem expansion, empowering creators while building long-term value for ApeCoin holders.

Conclusion: ApeChain’s Vision of the Web3 Future

ApeChain is more than a blockchain network; it’s an evolving ecosystem crafted for creators, users, and brands. By aligning with Arbitrum’s cutting-edge technology, ApeChain focuses on improving user experience, fostering innovation, and advancing decentralized security. With a robust development roadmap, ApeChain is set to become a powerful platform for building next-gen dApps, driving ecosystem growth, and supporting the evolving spatial internet.

TL;DR: ApeChain, a new Ethereum layer-2 network, brings a threefold focus on Content, Tools, and Distribution, enhancing the BAYC ecosystem. Leveraging Arbitrum’s advanced features, including Stylus and Timeboost, ApeChain improves scalability, security, and usability. With initiatives like the Banana Bill, ApeChain offers strong incentives for builders, positioning itself as a key player in the future of blockchain and the spatial internet.

 



Source link

Popular Posts

My Favorites