MultiversX Announces $1.5M AI-Focused Grant Program To Drive Ecosystem Growth And Expansion

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MultiversX Announces .5M AI-Focused Grant Program To Drive Ecosystem Growth And Expansion

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Alisa Davidson

Published: December 20, 2024 at 7:51 am Updated: December 20, 2024 at 7:51 am

by Ana

Edited and fact-checked:
December 20, 2024 at 7:51 am

In Brief

MultiversX Foundation has launched the Growth Games, a $1.5 million annual grants initiative designed to foster innovation among developers and teams delivering products that meet current market demands.

MultiversX Announces $1.5M AI-Focused Grant Program To Drive Ecosystem Growth And Expansion

The organization behind this distributed blockchain network, MultiversX Foundation, has unveiled the Growth Games, a $1.5 million annual grants initiative aimed at fostering innovation among developers and teams creating products and solutions that align with current market needs.

Growth Games goes beyond mere financial backing. It offers a holistic framework that equips developers, innovators, and creators with the mentorship, resources, and community support required to scale their projects into market-ready products.

The initiative provides milestone-based funding in three key areas: development, acceleration, and launch. For the development phase, a yearly budget of $750,000 is allocated to attract new builders and teams from outside the MultiversX ecosystem. Using a Request for Proposal (RFP) model, it seeks to fund projects focused on infrastructure enhancement, the creation of essential tools, and impactful applications to bridge existing gaps within the MultiversX network.

In the acceleration phase, $250,000 is dedicated to helping existing teams within the ecosystem expand their operations, secure community engagement, and accelerate on-chain adoption and activity.

Finally, the launch phase—in partnership with xLaunchpad—will provide funding for five transformative projects, each eligible to receive up to $100,000. Selected teams will also gain access to mentorship, strategic guidance, marketing resources, and community support to help ensure their success in the competitive market.

In order to maintain transparency and accountability, Growth Games relies on milestone-based funding and regular progress reviews. By prioritizing AI-integrated advancements, the program acts as a driving force for internet-scale adoption and enables impactful solutions that seamlessly integrate blockchain technology with artificial intelligence.

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What is Metaverse Virtual Land? – Metaverseplanet.net

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What is Metaverse Virtual Land? – Metaverseplanet.net

The concept of the metaverse has gained significant popularity in a short period. Today, almost everyone has heard of the metaverse, whether related to cryptocurrencies or not. One of the key aspects often associated with the metaverse is metaverse virtual land. Prominent companies like Adidas, political parties, organizations, and celebrities such as Snoop Dogg have already created their virtual properties by purchasing metaverse land.

What Is the Metaverse?

The metaverse is not a new concept. It predates Bitcoin, the first blockchain-based cryptocurrency. The term “metaverse” was first introduced in Neal Stephenson’s 1992 novel Snow Crash, later gaining mainstream attention through movies like The Matrix.

With advancements in blockchain and cryptocurrency technologies, combined with the evolution of virtual reality (VR), the metaverse has become a practical reality. The metaverse can be defined as online virtual worlds, usually three-dimensional, where users can interact extensively. Many metaverse projects today are blockchain-based, with Decentraland (MANA) and The Sandbox (SAND) standing out as leading examples.

What Is Metaverse Land?

In the metaverse, users can own various virtual items, including metaverse land, in the form of NFTs. NFTs (Non-Fungible Tokens) provide proof of ownership, allowing users to verify that a specific virtual plot or property belongs to them.

These virtual lands can be traded using cryptocurrencies on the NFT marketplaces of respective metaverse platforms. Similar to real estate in the physical world, metaverse land can appreciate in value due to various factors. Therefore, investing in metaverse land can be considered a viable opportunity for those looking for digital asset investments.

Would you consider investing in metaverse land? Share your thoughts in the comments below!

The functioning of metaverse plots can vary across different platforms. Popular metaverse platforms such as Decentraland and The Sandbox divide their virtual worlds into plots of land, which are traded on NFT marketplaces. In some cases, several individuals can buy or rent an NFT land together, sharing ownership or usage rights.

Certain metaverse platforms only provide the right to use metaverse land, meaning users can rent and utilize the land temporarily. This usage right is also secured through NFT technology, ensuring proof of access for the agreed duration.

Metaverse landowners can build structures and create content on their plots. For instance, they can host exhibitions or events in custom-designed buildings constructed on their virtual land.

How Are Metaverse Land Prices Determined?

Like most products, metaverse land prices are primarily influenced by the supply-demand relationship. The key factors that drive demand for metaverse land are:

Platform

Usability

Speculation

The platform where the land is located significantly impacts its price. On major platforms like Decentraland, The Sandbox, or the soon-to-launch My Neighbor Alice (ALICE), land prices are higher due to increased demand and limited supply.

The platform also defines the usability of the land. The more useful and feature-rich a plot is, the more valuable it becomes.

Speculation plays a significant role, similar to real estate speculation in the physical world. Anticipated value increases can drive demand, causing prices to rise.

Usage Areas of Metaverse Land

Metaverse land can be used for investment purposes or a variety of other activities. Here are the most common uses:

AdvertisementJust as in the real world, popular regions in the metaverse attract more visitors. Landowners in these areas can generate income by placing advertisements on their properties.Example: In Decentraland, Atari, a renowned gaming company, owns a popular structure frequently visited by users. Owning a plot near Atari’s land can be highly lucrative for advertising purposes.

Socializing & EventsThe metaverse serves as a new social space, with platforms hosting concerts, exhibitions, and competitions. Metaverse landowners can organize events on their properties and charge participation fees, creating additional revenue streams.

Blockchain GamesMany blockchain-based games offer NFT lands as part of their in-game ecosystems. Axie Infinity (AXS), one of the most popular play-to-earn games, provides landowners with extra resources and token rewards.

WorkMetaverse lands are increasingly used in the business world. Companies can set up virtual offices and host meetings in the metaverse. For instance, PwC Hong Kong announced it would use The Sandbox land for providing Web3 advisory services.

Would you consider investing in metaverse land? Let us know your thoughts in the comments!

Does It Make Sense to Buy Metaverse Land?

The question “Does it make sense to buy metaverse land?” is closely tied to the broader question “Is the metaverse promising?” Many experts believe that metaverse platforms will play a much more significant role in the future, potentially impacting even everyday life. From this perspective, owning metaverse land can be considered an investment in virtual real estate, with the potential to appreciate in value over time.

Potential for Value Growth

Imagine there are currently 1,000 Decentraland users. If rising interest in the metaverse and technological advancements increase this number to 2,000 users, wouldn’t the demand for Decentraland land also grow? As demand increases, so will metaverse land prices.

However, the key factor is choosing metaverse platforms that show real potential. Investing in platforms with a strong future outlook can maximize your returns.

Before investing in metaverse land, we strongly recommend conducting thorough research on the relevant platform to ensure its long-term potential and stability. This careful approach can help you make more informed investment decisions in the ever-evolving metaverse world.

Would you invest in metaverse land? Share your thoughts in the comments below!You May Also Like

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Gate.io Headlines ‘Token Of Love’ Festival At CoinDesk’s Consensus HK

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Gate.io Headlines ‘Token Of Love’ Festival At CoinDesk’s Consensus HK

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Alisa Davidson

Published: December 20, 2024 at 6:40 am Updated: December 20, 2024 at 6:41 am

by Ana

Edited and fact-checked:
December 20, 2024 at 6:40 am

In Brief

Gate.io will sponsor the “Token of Love” Hong Kong Music Festival, set for February 19th, celebrating both music and Web3 innovation.

Cryptocurrency exchange Gate.io announced its role as the Title Sponsor for the Token of Love Hong Kong Music Festival, a global event celebrating both music and Web3 innovation. Set to take place on February 19th, the festival coincides with CoinDesk’s Consensus Hong Kong 2025, where Gate.io is also a sponsor. This inaugural event marks the start of the Token of Love festival series, combining music, technology, and creativity in a high-energy, world-class experience.

The Token of Love Music Festival serves as the first chapter of this global movement, aiming to connect people across regions, industries, and cultures. The event will feature top international DJs, renowned American and British bands, as well as popular Japanese and Korean groups. Over 80 media and brand partners, along with 5,000 participants, will come together for an immersive evening celebrating the fusion of music, art, and Web3 technologies. Attendees can expect performances, interactive experiences, and a dynamic atmosphere highlighting the potential of music and technology collaborations.

Beyond a music festival, Token of Love is a celebration of love, creativity, and community. With a lineup of renowned artists and industry leaders, it creates a platform where the passion for music intersects with the future of Web3.

Web3 brands can also take part in the festival through various sponsorship opportunities, including Diamond, Platinum, Gold, and Silver tiers. These sponsors will enjoy exclusive benefits such as booth space, media interviews, participation in Consensus panels, social media exposure, and prominent branding across the event, maximizing visibility and engagement.

Gate.io is proud to support the Token of Love series and its mission to connect global communities through shared creativity and innovation. This partnership underscores Gate.io’s dedication to advancing Web3 adoption and bridging the digital and physical worlds in meaningful ways.

Gate.io: Driving Technological Innovation In Asia And Beyond

Gate.io is a well-established cryptocurrency exchange that provides users with access to a broad selection of digital assets worldwide. The platform supports over 1,400 cryptocurrencies and offers more than 2,500 trading pairs, reinforcing its status as an important entity in the digital asset trading space. According to CoinMarketCap data, Gate.io processes daily trading volumes that exceed $9.8 billion.

In 2024, Gate.io earned recognition as a leader in the Fintech Innovators Asia list, published by the American business magazine Fortune, securing a spot among the top 10 in the “Blockchain and Crypto” category. This acknowledgment highlights the exchange’s leadership in technological innovation and market growth, particularly in blockchain and cryptocurrency solutions across the Asian market.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Crypto Giants Unite: Inside the Latest Game-Changing Partnerships

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Crypto Giants Unite: Inside the Latest Game-Changing Partnerships

by
Victoria d’Este

Published: December 20, 2024 at 5:57 am Updated: December 20, 2024 at 5:57 am

by Ana

Edited and fact-checked:
December 20, 2024 at 5:57 am

In Brief

The crypto industry is undergoing a transformation due to innovative partnerships integrating digital assets with real-world applications, revolutionizing payments, gaming, compliance, and SocialFi.

The crypto industry is undergoing a dynamic transformation driven by innovative partnerships bridging digital assets with real-world applications. From revolutionizing payments and gaming to enhancing compliance and SocialFi, these collaborations highlight the immense potential of blockchain technology. Here’s how six impactful partnerships are reshaping the future of cryptocurrency and decentralized finance.

1. Bitget Teams Up with TRON Blockchain, Acquiring $10M of TRX

Bitget has bought $10,000,000 worth of TRON tokens as part of a strategic partnership with the TRON network. The two companies have joined forces to strengthen TRON’s position in international on-chain payments and expand its platform to include dApps, centralized exchanges, and DeFi.

With more than 278M accounts and 9B transactions performed, TRON has solidified its position as a leading L1 blockchain. It processes $10B in on-chain transfers every day, and it’s famously cheap and quick. Together, they want to make blockchain more accessible and usable.

The creator of TRON, Justin Sun, emphasized the partnership’s significance in encouraging development and empowering developers, while Bitget’s CEO, Gracy Chen, was enthusiastic about the collaboration’s ability to benefit the whole crypto community.

This partnership highlights TRON’s value in stablecoin settlements and blockchain innovation, further solidifying its image as a trustworthy system for developers and consumers. The move strengthens TRON’s presence in the payment sector while expanding Bitget’s influence in blockchain technology.

2. Ultra Introduces Innovations and Intel Partnership Under New Leadership

Ultra, a blockchain gaming platform, has unveiled major updates following the appointment of Gus van Rijckevorsel as CEO. Positioned as the “Netflix of games,” Ultra aims to revolutionize gaming with new features and strategic partnerships.

Ultra’s partnership with Intel Gaming highlights its commitment to immersive gaming experiences. This collaboration will integrate Intel’s XeSS2 technology into Ultra’s upcoming tactical FPS, Ashes of Mankind: Citadels, which is currently crowdfunded on Kickstarter. Players will benefit from high-performance graphics, creating a dynamic gaming experience.

Additionally, Ultra’s Kickstarter campaign introduces rewards such as co-branded peripherals, exclusive Discord roles, and opportunities to customize in-game assets. The partnership signifies Ultra’s dedication to combining cutting-edge technology with user engagement.

Van Rijckevorsel emphasized that Intel’s technology would elevate the gaming experience, showcasing Ultra’s focus on quality and innovation. With a strong vision for the future, Ultra is set to enhance blockchain-based gaming experiences and empower its growing community of players.

3. Crypto Legal Expands Blockchain Services with Key Partnerships

UK-based Crypto Legal has strengthened its blockchain services through partnerships with prominent industry players. These collaborations enhance its offerings in blockchain forensics, compliance, and fraud prevention.

The firm partnered with Crystal Intelligence for advanced transaction monitoring and AML compliance, and HashEx for dual-audit smart contract reviews. Additionally, Crypto Asset Recovery provides expertise in recovering lost digital assets, while Bankera offers crypto-friendly banking solutions.

These partnerships broaden Crypto Legal’s services, including advisory roles on exchange operations and wallet security, enhancing its position as a leader in blockchain legal services.

Crypto Legal has received multiple industry accolades, including being named the Best Blockchain Law Firm of 2024. Blockchain and fraud lawyer Manuel Duenas remarked that these awards reflect the firm’s dedication to delivering high-quality solutions for clients.

The partnerships reinforce Crypto Legal’s mission to remain at the forefront of blockchain compliance and innovation, addressing the industry’s evolving needs.

4. Lens Blockchain Redefines SocialFi with Innovative Features and Partnerships

Lens, a decentralized SocialFi platform, introduces tools for data ownership and monetization. Customized features like feeds and groups empower developers to create unique social experiences. Users retain control over their data while earning cryptocurrency for content engagement.

Key partnerships with Chainlink, Uniswap, and MetaMask enhance Lens’s ecosystem. The platform promises fast and cost-effective transactions through ZKsync and Avail, making it accessible for mainstream adoption.

Lens plans a mainnet launch in 2025, aiming to combine the simplicity of Web2 with blockchain benefits. Community governance via DAOs aligns user incentives with platform growth, setting new standards in the crypto space.

Crypto.com has partnered with ALL—Accor Live Limitless—to introduce a revolutionary way to use cryptocurrencies by converting them into Accor Reward Points. This collaboration allows crypto enthusiasts to seamlessly exchange cryptocurrencies, including BTC, ETH, and CRO, into tangible rewards like stays at over 5,600 Accor hotels worldwide, gourmet meals, and other premium benefits.

The Crypto.com app simplifies the process, requiring users to input their ALL membership numbers to begin. Special promotions, such as 10% cashback in CRO, further incentivize users to adopt this service. This partnership underscores Crypto.com’s vision of making cryptocurrency as accessible as traditional currency.

Eric Anziani, Crypto.com’s President, stated, “This collaboration unites the best of travel and cryptocurrency, enhancing user experiences globally.” Reward tiers offer enticing options like Emirates flight tickets, Apple gadgets, and more, tailored to Crypto.com cardholders.

By enabling crypto-to-reward-point conversion, this initiative bridges the gap between digital assets and real-world applications. With this, Crypto.com redefines how crypto can integrate into everyday life, marking a significant milestone in the adoption of digital currencies in mainstream sectors. Travelers and crypto enthusiasts alike are set to benefit from this innovative approach to combining digital finance with luxury experiences.

6. Ethena Partners with World Liberty Financial for DeFi Rewards

Ethena has partnered with World Liberty Financial (WLF) to revolutionize decentralized finance (DeFi) with a dual-reward system. The collaboration integrates Ethena’s sUSDe token—a staked derivative of its synthetic dollar stablecoin—into WLF’s Aave instance, allowing users to earn rewards in both sUSDe and WLF’s native token.

This strategic partnership, announced on December 18, aligns incentives to boost stablecoin liquidity and adoption. Ethena Labs has also proposed introducing sUSDe as a new collateral asset within WLF’s platform, emphasizing its potential to enhance functionality across the DeFi ecosystem. Following sUSDe’s success in Aave’s Core instance, this move solidifies its credibility while expanding its utility.

Despite initial struggles, WLF has regained momentum, with significant investments from notable figures like Justin Sun. The integration of sUSDe is expected to further WLF’s vision of becoming a leading DeFi player, fostering confidence and adoption among users.

This partnership highlights a broader trend of collaboration between innovative DeFi protocols and centralized platforms. By leveraging dual-reward structures and co-incentivizing participation, Ethena and WLF aim to set new standards for stablecoin utility, encouraging wider adoption and reshaping the DeFi landscape.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.

Man Who Claimed to Be the Creator of Bitcoin Sentenced to Prison – Metaverseplanet.net

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Man Who Claimed to Be the Creator of Bitcoin Sentenced to Prison – Metaverseplanet.net

Craig Wright, a computer scientist, has long claimed to be Satoshi Nakamoto, the mysterious creator of Bitcoin. Despite numerous court rulings dismissing his assertions, he has persisted in seeking intellectual property rights over Bitcoin, demanding $1.2 trillion in damages.

The Verdict: One Year Prison Sentence with Suspension

In March, the UK Supreme Court ruled that Craig Wright was not Satoshi Nakamoto, instructing him to stop making such claims. However, he continued to pursue legal cases, prompting the court to impose a one-year prison sentence with a two-year suspended sentence. This means he could be jailed if he continues making similar allegations.

During the hearing, Craig Wright participated via video link, stating he was in an undisclosed Asian country. If necessary, the British authorities may issue an international arrest warrant to enforce the court’s ruling.

Unproven Claims Since 2016

Craig Wright has been asserting himself as the Bitcoin creator since 2016, despite failing to provide any concrete evidence to support his claims. His inability to validate these allegations has fueled widespread skepticism within the cryptocurrency community.

What do you think about this case? Share your thoughts with us in the comments section below!

Google Unveils New Reasoning AI Model – Metaverseplanet.net

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Google Unveils New Reasoning AI Model – Metaverseplanet.net

Google has announced Gemini 2.0 Flash Thinking Experimental, a cutting-edge reasoning AI model currently in its testing phase. This innovative model is available on AI Studio, Google’s artificial intelligence prototyping platform. Described by Google as the best in multimodal understanding, reasoning, and coding, the model promises significant advancements in AI-powered logic and problem-solving.

A New Era in Reasoning Models

Gemini 2.0 Flash Thinking Experimental excels in handling complex problems in fields like programming, mathematics, and physics. While its reasoning process differs from human cognition, its ability to break down instructions into smaller components allows for highly effective results. According to AI Studio product lead Logan Kilpatrick, this model represents the first major step in Google’s reasoning AI journey.

The model shares structural similarities with OpenAI’s o1 model and other reasoning models, signaling competitive progress in the AI field. Google has dedicated multiple teams to advance its reasoning capabilities, striving not to lag behind rival AI labs rapidly evolving in this area.

Challenges in AI Reasoning Development

Developing reasoning models remains a resource-intensive endeavor due to high computational demands. While early benchmark tests have shown promising results, it is still uncertain how quickly these models will evolve. Whether they can sustain their ME speed and deliver consistent improvements remains a topic of curiosity for AI researchers and enthusiasts alike.

NVIDIA Announces New Jetson Orin Nano Super Kit That Could Change All AI Applications – Metaverseplanet.net

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NVIDIA Announces New Jetson Orin Nano Super Kit That Could Change All AI Applications – Metaverseplanet.net

NVIDIA has announced the launch of the new Jetson Orin Nano Super Developer Kit, designed to accelerate generative AI operations with a remarkable 70% performance boost compared to its predecessor. Tailored for developers, this compact mini supercomputer combines high processing power with affordability, priced at $249. The device features an 8GB Jetson Orin Nano system module and an NVIDIA Ampere architecture GPU, making it ideal for advanced AI projects.

Enhanced AI Capabilities: 70% Faster with Jetson Orin Nano Super

NVIDIA Announces New Jetson Orin Nano Super Kit That Could Change All AI Applications

Capable of executing 67 generative AI operations per second, the kit delivers a 70% increase in speed, thanks to its 102GB/s memory bandwidth. This performance leap allows for more efficient and powerful AI model development.

Additionally, NVIDIA has released a software update for Jetson Orin NX and Orin Nano users. This update enables existing devices to perform generative AI tasks 70% faster, ensuring that current users benefit from cutting-edge performance enhancements. NVIDIA’s new kit empowers developers to explore robotics and AI-driven applications with ease and efficiency.

Sharjah Launches World’s First Metaverse Platform to Explore Archaeological Sites – Cryptoflies News

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Sharjah Launches World’s First Metaverse Platform to Explore Archaeological Sites – Cryptoflies News

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The Sharjah Archaeology Authority (SAA) has introduced a metaverse platform that allows users to explore Sharjah’s cultural and archaeological heritage.

Named the “Archaeology Centre in the Metaverse,” it is the first platform of its kind in the world.

The platform offers an immersive educational experience, allowing users to visit key archaeological sites in Sharjah virtually. These include rock carvings in Khorfakkan and Kalba, as well as the excavation site known as the “Camel Cemetery.”

The platform provides audio explanations in both English and Arabic. It is currently accessible through Meta Quest, giving worldwide users an interactive way to learn about the region’s rich history.

This is not Sharjah’s first venture into Web3 technology. Last year, the Sharjah Government launched a platform for NFT-based certificates. This shift marks a move away from traditional paper certificates to more secure digital documents.

Bella Protocol Releases LLM Research Bot To Empower Crypto Trading

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Bella Protocol Releases LLM Research Bot To Empower Crypto Trading

by
Alisa Davidson

Published: December 20, 2024 at 4:25 am Updated: December 20, 2024 at 4:25 am

by Ana

Edited and fact-checked:
December 20, 2024 at 4:25 am

In Brief

Bella Protocol has introduced the Bella Research Bot, an AI assistant developed to deliver real-time market data and actionable insights for crypto traders and enthusiasts.

The decentralized finance (DeFi) platform Bella Protocol announced the launch of the Bella Research Bot, an advanced AI assistant designed to provide real-time market data and intelligent insights for cryptocurrency traders and enthusiasts.

Accessible via Telegram, the Bella Research Bot uses a Large Language Model (LLM) optimized for Retrieval-Augmented Generation (RAG). Powered by PhoenixLLM, a LLM built on the Phoenix SkyNet infrastructure, the bot delivers fast, accurate, and context-aware responses in a simple and user-friendly interface.

Key features of the bot include Intelligent Text Search, allowing users to easily ask questions about ARPA Network, Bella Protocol, or ZKML and receive precise answers without sorting through irrelevant information. It also provides Real-Time Trading Data, giving users up-to-date market information on various trading pairs to help make informed decisions. Additionally, the bot offers Comprehensive Market Insights, including current prices, historical data, order book details, market capitalization, and supply information, all tailored to individual needs.

In order to get started, users are encouraged to open the Bella Research Bot on Telegram and type /start to begin their session. They can select the “Text Search” option to ask questions about ARPA Network, Bella Protocol, or ZKML. By choosing the “Trading Pairs” option, users can explore market data for their preferred trading pair. Additionally, they can follow the prompts to enter specific questions or select data points, receiving immediate and accurate responses to support their trading strategies.