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blockchain

Japan Plans to Allow Local Listing of ‘Foreign’ Stablecoins Such as USDT and USDC: Nikkei

Japan Plans

Japan Plans-Japan’s Financial Services Agency is seeking feedback on new regulations that would allow stablecoins issued outside the country to be listed on local exchanges, Japanese newspaper Nikkei reported on Monday.

Under the draft regulation, local distributors will be allowed to handle payments-focused stablecoins, which are cryptocurrencies stabilized against the value of sovereign currencies like the U.S. dollar, if they maintain sufficient assets.

Japan Plans

Another article published on Monday said the regulations stand to reverse a ban on the distribution of foreign stablecoins locally. Local exchanges don’t currently list stablecoins like USD Coin (USDC) and tether (USDT) that are issued by foreign entities.

Following the collapse of multibillion-dollar stablecoin issuer Terra earlier this year, Japan’s parliament passed a set of rules specific to stablecoins and focused on investor protection.

The new rules on foreign stablecoins would be applied in conjunction with the revised Payment Services Act, according to Nikkei. The framework is open for public comment until Jan. 31 and will come into force later next year.

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NFT

Soccer Premier League Lines Up £۳۰ Million Deal with Sorare NFT Platform

Soccer Premier League

Soccer Premier League, the top tier of England’s professional soccer league, is readying to expand its exposure to non-fungible tokens (NFTs) through a potential partnership with NFT fantasy soccer game Sorare that could be worth some £30 million ($34.6 million) per year. 

Soccer Premier League 1

The cooperation is to be discussed today during a meeting of club executives and company representatives, UK broadcaster Sky News reported. Under the potential multi-year contract, the Premier League’s 20 clubs will allow their fans to purchase NFTs with the digital depictions of top athletes such as Manchester United’s Cristiano Ronaldo, Harry Kane of Tottenham Hotspur, and Manchester City’s Erling Haaland, among others. 

Soccer Premier League 2

Industry sources with knowledge of the ongoing talks said the discussed contract with Sorare would replace a deal with ConsenSys that was close to being signed earlier this year. ConsenSys had attempted to renegotiate a deal at a lower price following this year’s drop in NFT prices. However, a Premier League club executive said they had been informed the contract with Sorare contract would provide the 20 soccer clubs with better financial conditions.

Soccer Premier League 3

Sorare is an NFT-based fantasy football manager game which allows its users to play, acquire, buy, and sell player cards as part of an immersive worldwide gaming experience. It allows users to build and manage their dream teams and l sell their top players for money.

The latest development comes shortly after Sorare secured major funds from investors to finance its further development. In late January 2022, a funding round led by Japan’s Softbank injected some $680 million into the Paris-based company. 

In addition to the deal with the Premier League, other plans by Sorare include offsetting the company’s unavoidable carbon emissions by the end of this year, with the long-term goal of reaching net-zero emissions by 2025.

“In July of 2021, we reduced our corporate carbon footprint by 99 percent by migrating the vast majority of our transactions within the Ethereum blockchain to the more efficient Layer 2 network. Our long-term ambition is to align our decarbonisation efforts to a long-term net-zero strategy,” the company said in a statement. 

With this in mind, last month, the Paris-based business unveiled its partnership with Plan A, a carbon accounting, decarbonisation, and ESG reporting platform, as part of the firm’s “long-term sustainability strategy.”

At the same time, a separate contract to be signed by the Premier League and NFT business Dapper Labs is reportedly also under negotiations. 

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NFT

۹ Best Metaverse NFT Projects to Invest in 2022

Metaverse

Metaverse-based cryptocurrency projects have become the talk of the town in the past couple years, since Facebook’s Mark Zuckerberg rebranded the company to Meta Platforms and set out to build a metaverse for business.

By introducing playable NFTs in the metaverse using blockchain technology, cryptocurrency projects introduce many more use cases to investors – crypto, NFTs and the metaverse have now become almost synonymous.

However, some investors may find evaluating and searching for the top NFT metaverse projects tricky. To help guide beginners, this article reviews and analyzes the best metaverse NFT projects to invest in 2022 wise.

The 9 Best Metaverse NFTs to Invest in Today

The section below provides an overview of the best metaverse NFTs to invest in 2022.

  • Tamadoge – Newly Listed Token on OKX, Offering Playable NFTs
  • Battle Infinity – Multi-Use Metaverse NFT Platform
  • Lucky Block – NFT Platform Offering Exciting Rewards
  • Decentraland – Cryptocurrency Project with NFT Real Estate Metaverse
  • Axie Infinity – Metaverse with $820,00K NFT Asset
  • The Sandbox – NFT Platform that Lets Investors Monetize Virtual Land
  • Adidas into the Metaverse – Limited NFT Collection Created by Adidas
  • MetaCity – Access a Virtual World with Human NFT Avatars
  • League of Kingdoms – P2E Fantasy Game with Dragon NFTs

Analyzing the Top Metaverse NFTs

To get a broader perspective on the top NFT projects, it is essential to learn more about the platform use-cases, prices and key features. Therefore, the sections below thoroughly analyse the best metaverse NFT projects to invest in right now. 

1.Tamadoge – Newly Listed Token on OKX, Offering Playable NFTs

At the top of our list for the best NFT projects is Tamadoge (TAMA) – a play-to-earn (P2E) cryptocurrency offering in-game earning opportunities to platform members. TAMA is the native cryptocurrency that can be used to participate in the Tamaverse – the platform’s virtual ecosystem that offers playable NFT avatars and other exciting projects. 

TAMA can be used on the Tama store to purchase Tamadoge Pets – non-fungible tokens that take the form of virtual dog-like avatars. Each Tamadoge pet offers unique characteristics and is minted using smart contract functionality. 

Metaverse

Players can also purchase virtual items that are utilized to grow and breed their individual pets. Eventually, the Pet NFTs will be used in community-wide competitions. At the end of every month, top performers are awarded TAMA rewards from prize pools. 

With a total supply of 2 billion, TAMA aims to be a deflationary asset. Moreover, 5% of all tokens spent on the ecosystem will be burnt to ensure the demand is higher than the supply. While 30% of the tokens spent will be set aside for marketing purposes, the remaining 65% will be re-distributed among P2E prize pools. 

In August, Tamadoge completed one of the best crypto presales of 2022. After raising $19 million, the token has now been listed on OKX – one of the largest cryptocurrency exchanges. With over 20 million users, OKX will allow investors to trade TAMA on its centralized (CEX) and its decentralized exchange (DEX). 

According to the Tamadoge whitepaper, Tamadoge aims to release an AR-based P2E app, a P2E-style arcade platform with physical rewards and make strategic partnerships with popular metaverse projects. Its ecosystem also the potential to become one of the best utility NFT projects. 

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blockchain

BNB Smart Chain Teams Up With Google Cloud to Accelerate Web3 Development

BNB Smart

BNB Smart Chain, the blockchain developed by major crypto exchange Binance, has announced a strategic partnership with Google Cloud, the cloud computing services arm of multinational tech conglomerate Google. 

The BNB Chain team said in a press release that it is joining forces with Google Cloud to accelerate the growth of web 3 and blockchain startups-ups. 

The partnership will allow early-stage startups in the BNB Chain ecosystem to develop and scale high-performance, efficient, and sustainable applications with help from both Google Cloud and BNB Chain. 

As part of Google Cloud’s contribution to the partnership, start-ups in the BNB Chain ecosystem can now build on its industry-grade cloud infrastructure. The platform has been described as open, scalable, developer-friendly, and scalable. 

The start-ups, along with the over 1,300 active BNB Chain decentralized applications (dApps), can also access Google Cloud services for on-demand analysis of on-chain data and the encryption of data while it is being processed in real-time.  

For its part, BNB Chain will facilitate accelerated access to Google for Startups Cloud Program for eligible Web3 builders in its ecosystem, especially those that pass through its Most Valuable Builder (MVB) accelerator program. This will give the startups access to connect with Google Cloud Startup Success team members and Google’s technical subject matter experts, among other perks. 

“At BNB Chain, we have been focusing on identifying and supporting innovative Web3 builders, and now by collaborating with Google Cloud, we can help these builders access the open, secure, and carbon neutral cloud infrastructure that’s needed to strengthen and scale their businesses,” Gwendolyn Regina, Investment Director at BNB Chain, said.

Cloud computing giants looking to attract blockchain businesses

The collaboration is coming after Google Cloud inaugurated its Web3 team in May, tagging James Tromans – a former Citigroup executive – to head it. As reported by CNBC at the time, Amit Zavery, a vice president at Google Cloud, stated that the goal of the team is to make the Google Cloud Platform the top choice for blockchain developers. 

Early assignments given to the team include working on projects that will enable better management of blockchain nodes and exploring blockchain data in third-party applications. 

Before then, Google’s cloud services already offered developers tools to use in building blockchain networks with customers such as Dapper Labs, Hedera, and Thera Labs. The platform also previously underwent an integration with Polygon to allow developers to analyze on-chain data. 

Meanwhile, it is not the only cloud computing giant eyeing the blockchain space. Last year, Amazon Web Services (AWS), the market-leading cloud computing platform, announced that it was hiring blockchain experts. 

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Uncategorized

Cryptocurrency is Set for a 10x Price Explosion According to Analysts

Cryptocurrency-Tamadoge, one of the most well-known ERC20 tokens, takes a novel approach by combining meme currency concepts with play-to-earn (P2E) game elements. Simply put, Tamadoge aspires to be the finest meme coin by capitalizing on the “Doge” style’s widespread appeal. 

Due to retail demand, meme coins like Dogecoin and Shiba Inu are expected to see massive price increases in 2020. However, Dogecoin and Shiba Inu were doomed because they were not practical, which is crucial to the success of any venture.

For the time being, investors’ attention is focused on Tamadoge, which is already performing admirably during its presale phase.

Cryptocurrency is Set for a 10x Price Explosion

The TAMA native token, used on the Tamadoge platform, has been selling exceptionally successfully, giving resources for the platform’s continued growth. However, the price of TAMA is increasing with each transaction because there is less of it accessible. It’s primarily because the Tamadoge crew has completed all of their milestones ahead of schedule thus far.

According to crypto analyst Jacob Crypto Bury, TAMA has a high upside potential, which we can also see during the presale process. Assuming the presale is successful, TAMA’s potential for growth and subsequent significant returns on investment is wide open.

Despite the recent downturn in the cryptocurrency market, the popular Play-to-Earn (P2E) platform continues to set new milestones. However, even if the industry as a whole is still picking itself back up after the crash, the success of tokens like TAMA offers us reason to believe that the worst is over. 

The fact that this is still an early-stage project only adds to the impressiveness of the accomplishment.

Tamadoge Nears $14 Million

Tamaverse ecosystem hopes to become a major player in the blockchain gaming industry. Only about 85% of the presale allocation has been sold as of this writing; thus, there is a limited time left for investors to stock up on tokens at a discount before the launch of LBank and Uniswap. 

Each TAMA coin has a new price tag of $0.0275, but the price will increase by 10% to $0.0300 once the initial supply of 100 million is gone. 

Cryptocurrency

The current exchange rate of 36.36 TAMA for 1 USDT will drop to 33.33 TAMA once Tamadoge completes its presale. So far, Tamadoge has already raised $13.7 million and is on its way to achieving the $16 million target. 

Tamadoge 5% Burn on Pet Store

The TAMA price could rise significantly amid Tamadoge’s burn rate of 5% on pet store transactions. The NFT pets and Tamadoge shop are scheduled for release in the fourth quarter of 2022. 

TAMA’s value is predicted to increase as gamers hoard tokens ahead of in-store sales’ 5% burn rate. However, since the presale of Tamadoge generated so much interest, it seems likely that the release of the P2E game will similarly cause a surge in player enthusiasm.

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