Blockchain’s Own Ready Player One

Blockchain’s Own Ready Player One

Decentraland, a virtual-reality world powered by the Ethereum blockchain, continues to dominate the non-fungibles market with a market cap of three times as big as Cryptokitties’, according to a newly launched non-fungibles rating website. Non-fungible tokens are unique and non-interchangeable tokens, like baseball cards, whereas fungible tokens are like cash — ten-dollar bills are all worth the same.

Cryptokitties is a virtual game where people collect, breed, and trade cartoon cats. Cryptokitties introduced ERC-721, a new format for non-fungible tokens. Last year’s Cryptokitties craze brought Ethereum’s scaling issues into a sharper focus by causing bottlenecks in the network.

The Decentraland project takes the concept of non-fungible tokens to the next level. Decentraland is a virtual world where users can build whatever they can imagine on plots of virtual land and experience the world with a VR set or in a browser. Some believe that Decentraland is the closest thing we have to the OASIS, a virtual world described in a popular sci-fi book ‘Ready Player One’ and a movie of the same name directed by Steven Spielberg.

the map of Decentraland

Last year Decentraland sold about $25 million worth of virtual real estate in an auction. As of September 2018, an average 7-day market capitalization of Decentraland is around $58 million with an average price of $1,650 per token.

Related news

WWF Launches Blockchain Tool to Track Food Along Supply Chain

WWF Launches Blockchain Tool to Track Food Along Supply Chain World Wildlife Fund-Australia (WWF-Australia) has announced the launch of a supply chain tool that uses blockchain to allow businesses and consumers to track food items, according to a tweet today, Jan. 17. The platform, dubbed OpenSC, is the product of a partnership between WWF-Australia and BCG Digital Ventures (BCGDV) — the global corporate… The post WWF Launches Blockchain Tool to Track Food Along Supply Chain appeared first on Altcoin Today.
Altcoin Today

Bitpatron: Bitcoin and Blockchain Free Speech Content Platform to Rival Patreon

Discover Bitpatron, a digital platform that enables you to earn Bitcoin for writing content without fearing demonetization or removal from the platform. The free speech content membership platform powered by Bitcoin enables users to earn Bitcoin for speaking their mind regardless of their political affiliations or the ideas they harbor. The Bottleneck of a free internet Recently, there is an increased attack on the freedom of expression and online revenue has raised serious concerns for the cyberspace. Mainstream social media platforms such as YouTube, Facebook, Twitter, and Patreon often demonetize and deregister all content creators whom they consider controversial and contrary to the majority political leaning. This is where the Bitpatron platform comes into play. The Bitpatron community believes the mainstream online media often engage in an unacceptable transgression on the rights of content creators. Against that backdrop, the platform decided to come up with a reliable solution. The mission of Bitpatron is to create a level playing field for all content creators where they are able to monetize their work. This way, they will be able to keep the playing field toned and eliminate pressure by big corporations and government on “controversial” political figures to enable creators to operate completely. How it works Bitpatron is creating a Bitcoin-powered content membership platform that is censorship resistant, private, and decentralized. It will store content on the Bitcoin blockchain to make it impossible for governments or large corporations to delete or censor content. It will also provide creators with a means of earning Bitcoin through subscriptions and as well as micro-transaction rewards by their readers. The platform seeks to match Patreon’s user experience as close as possible to allow smooth migration of content creators to the new platform where they can re-monetize their work and bring in their fanbase. In the end, content creators will be able to enjoy the same revenue they had on other platforms but this time with more freedom and peace of mind. Importantly, the platform is planning collaboration with a reputable crypto exchange to enable purchasing of bitcoin with credit card. This will make the transaction from credit card to Bitcoin smoother, so patrons can reward their content creators with Bitcoin. This will eventually create an easy transition from fiat to crypto, even for users with less experience. Amazing features Bitcoin first: The platform uses nothing but bitcoin so users can earn it by creating content and being rewarded by the fanbase. Freedom of speech first: Regardless of their political leanings or thoughts, whether right wing or left wing, creators can speak up freely and enjoy full freedom of speech on the Bitpatron platform. Privacy first: Creators just need a good nickname and they are set. They don’t care about personal information or e-mail except if the user wants to have the option to recover a lost password. As such, the platform offers complete anonymity and privacy. Platform charges Bitpatron charges a 5% withdrawal fee from content creators, which is competitive with Patreon’s fee. The platform uses the fee to pay dividends of token holders and the remainder for funding operational costs and developer income. Besides, Bitpatron is designed as a mutual company, such that the percentage of tokens held is the same percentage of ownership that a creator owns—and that is the same percentage of dividends received.
Bitcoin Exchange Guide

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.