PRESS RELEASE. February 26th, 2024. Collective Forecast is proud to announce the launch of its innovative platform, which is set to transform market predictions by harnessing the collective wisdom of traders and influencers. At the core of Collective Forecast lies a diverse group of experienced traders hailing from various corners of the globe, each boasting […]
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The Hourglass Collective: Pioneering Web3 Adoption Through Incubation and Entertainment
PRESS RELEASE. [Singapore, September 4th 2023] – The Hourglass Collective is spearheading a new era of Web3 adoption. In a world where technological progress has sprinted from hard industries to consumer-facing revolutions, it’s now in the hands of service-oriented high-tech sectors like robotics, advanced software, artificial intelligence, and quantum computing.
OpenAI’s ChatGPT recently made headlines, reaching 100 million users in just two months, even outpacing TikTok’s adoption rate record of nine months. Yet, challenges faced by crypto, Web3, and blockchain technologies in 2022 prompted the need for fresh perspectives and strategies to clarify and elevate their value proposition to the real economy.
The solution? The Hourglass Collective.
About The Hourglass Collective: A New Model for Blockchain Adoption
The Hourglass Collective is a Web3 incubator composed of seasoned professionals from fintech, media, mobile apps, retail, real estate, entertainment, and marketing sectors. Founded by the Hourglass $WAIT community, its mission is to foster real-world blockchain utility by incubating projects that bridge crypto with mainstream entertainment, popular apps, major retail brands, and large-scale events.
Beyond The Code: Turning Web3’s Visions Into Reality
In a world where nearly 90% of startups falter, Hourglass recognizes the potential of engaging a broader demographic beyond gamers and financial speculators. As a community influencer and incubator, Hourglass aims to bring Web3 and blockchain into the everyday lives of regular individuals.
To prove their commitment to visible crypto adoption, The Hourglass Collective has partnered with NEFT Brands, a global conglomerate with premium alcohol brands, TV productions, live entertainment promotions, celebrity podcasts, apps, and media companies.
Hourglass Forms a Dream Team of Founding Members
Chairing The Hourglass Collective is billionaire Jeff Mahony, a pioneer in the fintech space with a wealth of experience and impactful international banking relationships. Mahony has surrounded himself with influential figures such as Jett Tang, Brian D. Evans, George Tung, Layah Heilpern, Ro Sahebi, Enrique Velez, and Ivo Ten Broek, all with substantial social media followings.
The Hourglass Incubator: Nurturing the Best of Web3
The Hourglass Incubator program aims to fill a gap in developing sound and viable Web3 companies, by providing guidance, resources, and growth strategies. Selected projects will join the Hourglass ecosystem and utilize the platform’s $WAIT token as their exclusive utility token. With over half a dozen projects already onboard, Hourglass is set to elevate Web3.
$WAIT: Blockchain-ifying Conventional Entertainment & Internet Services
Hourglass’ native token, $WAIT, is a decentralized, community-driven token with renounced ownership. With a total token supply of 100 million, over 2 million tokens have already been burned by the community. Notably, $WAIT tokens have no team, developer, angel round, or pre-ICO tokens, ensuring a transparent and decentralized ecosystem.
The World’s First “Crypto Reality TV Show”
On September 7th, The Hourglass Collective will debut ‘The Next Crypto Gem,’ a competitive reality TV show aimed at introducing cryptocurrency to mainstream audiences. Contestants will compete for a prize package valued at over 0,000, with content aiming to bridge the gap between crypto enthusiasts and skeptics.
‘The Next Crypto Gem’ will be available on Insight TV’s global network and various platforms, making crypto more accessible and engaging for a wider audience.
The Countdown Begins
Stay tuned for The Hourglass Collective’s major announcement on September 7th. With a dedicated team, an innovative incubator model, and the $WAIT token, Hourglass aims to drive crypto adoption into the next stage of user and enterprise acceptance.
For more information, visit the website at https://hourglassx.com.
Follow on social media:
– Twitter: https://twitter.com/Hourglass_Wait
– Medium: https://medium.com/@hourglasswait
– Telegram: https://t.me/hourglassofficial
– Discord: https://discord.com/invite/b2Q7ZNTXcT
– Linktree: https://linktr.ee/hourglassx
About The Hourglass Collective
The Hourglass Collective is a leading Web3 incubator and a driving force in bringing blockchain technology to mainstream audiences. Founded by the Hourglass $WAIT community, its mission is to elevate the Web3 space by incubating projects that bridge the crypto world with mainstream entertainment, popular apps, major retail brands, and large-scale events. With a strong commitment to fostering visible crypto adoption, The Hourglass Collective is poised to shape the future of blockchain technology.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Report: Crypto Industry Boasts 10,000 Companies and 190,000 Professionals With a Collective Valuation of $180 Billion
A recent report released by K33 Research three days ago reveals that as of July 2023, the cryptocurrency industry boasts approximately 10,000 companies, employing an estimated 190,000 crypto professionals. Notably, K33 provides a comprehensive snapshot of the crypto landscape, highlighting that these 10,000 firms possess a collective valuation of 0 billion.
K33 Research Unveils Crypto Employment Trends in July 2023 Snapshot
K33 Research released a report this week providing a “high-level overview of the crypto Industry” as of July 2023. The study was authored by K33 executives Anders Helseth, Torbjørn Bull Jenssen, Bendik Norheim Schei, and Vetle Lunde. According to the report, approximately 190,000 individuals are currently employed in the crypto industry, working for 10,000 firms with an estimated value of 0 billion.
According to K33 researchers, the number of individuals employed in the crypto industry has decreased compared to 2021, when there were approximately 211,000 crypto employees. Presently, about 30% of all crypto workers are based in the United States, while the United Kingdom accounts for one-third of crypto employment in Europe. K33’s study says in North America, the United States and Canada are the dominant forces, whereas “crypto employment in South America correlates with economy size.”
K33 study indicates around 35% of the worldwide cryptocurrency workforce is concentrated in Asia and Australia. The report highlights that in terms of the African continent and its diverse nations, “Nigeria is the crypto powerhouse of Africa.” Approximately 4% of the global crypto workforce originates from Africa, with South Africa following Nigeria’s lead. Furthermore, the study reveals that India surpasses China in crypto employment. Still, China follows India in terms of the leading countries in Asia despite China’s crypto ban.
K33’s report shows approximately one-third of the current crypto workforce is employed by brokerage services or crypto exchanges. The study further reveals that the majority of crypto jobs are in investment and trading roles. Among the total, 48,500 positions are in financial services, while the non-fungible token (NFT) and blockchain gaming sector accounts for an estimated 12,000 jobs. Approximately 40,000 jobs are centered around mining and blockchain intelligence positions, and an additional 24,800 employees have undefined roles.
What do you think about the number of professionals working in the crypto industry? Share your thoughts and opinions about this subject in the comments section below.
Okx to Launch Okx Collective, a Metaverse Experience Powered by Manchester City Soccer Players
Okx, one of the largest cryptocurrency exchanges in the market, has announced the launch of its soccer-focused metaverse experience, called the “Okx Collective.” The immersive experience will include Jack Grealish, Rúben Dias, Ilkay Gündoğan, and Alex Greenwood, stars from Manchester City, the reigning champion of the Premier League.
Okx To Launch Okx Collective Metaverse
Sports clubs and their players are more and more inclined to tailor metaverse platforms to offer new immersive experiences to fans. Okx, one of the biggest cryptocurrency exchanges by volume traded, will launch its own metaverse experience specially tailored for soccer fans.
The company has partnered with a group of players of the reigning champion of the Premier League, U.K.’s first-division soccer league, to create a platform for fans to engage with their stars and get a glimpse of their activities on and off the field. In a press release, the exchange explained the collective will provide a glimpse into the lives of these stars, who will lend their exclusive training music, content, and NFT-based digital experiences to the platform.
Soccer clubs have been particularly interested and active when it comes to adding more experiences of this kind to enrich and tighten the relationship with their fans. On the intersection between soccer and metaverse tech, Haider Rafique, CMO at Okx, stated:
Introducing elite footballers to our newly established metaverse is about sharing the boundless possibilities of Web3 and inviting fans to experience it first-hand. Web3 has the potential to be bigger than everything that came before it.
Featured Players and Background
The players in Okx collective come from diverse backgrounds. Four Manchester City will provide their content to the platform, including veteran Ilkay Gündoğan, Jack Grealish, Ruben Santos, and Alex Greenwood from the rows of the women’s Manchester City team. Grealish believes that bringing soccer to the metaverse will offer fans a new panorama of the sport. He explained:
Combining football and the metaverse brings fans closer to the action! I’ve had a lot of fun bringing my digital profile to life with the support of the Club and Okx.
Greenwood stated this connection with the metaverse and the digital world might be beneficial for the ecosystem. She stated:
We talk a lot about the evolution of football, and it feels as though exploring this space is the next step.
Other European soccer clubs like Real Madrid and FC Barcelona, and even leagues like the Spanish Laliga have also launched metaverse and NFT-based initiatives before, with mixed results.
What do you think about the launch of the Okx Collective? Tell us in the comments section below.
Blue Chip NFTs 101 – What Is The Proof Collective And Who’s Behind It?
The mysterious organization known as The Proof Collective defines itself as “a private members only collective of 1,000 dedicated NFT collectors and artists.” To join the Proof Collective someone would have to, you guessed it, own their NFT. So, in theory, anybody can be a part of it. In practice, though, the floor price for one of their passes is around 88 ETH at the time of writing. The size of the investment keeps the undesirables away.
The Proof Collective is all about NFTs. Because it’s the law, they run a private Discord in which you can probably receive the biggest alpha available. The organization also provides NFT info via its social media, produces a podcast in which they interview the biggest names in the NFT world, and, reportedly, owns a huge NFT collection. At least its members do.
According to the website, those members own 153K NFTs, including 148 CryptoPunks and 817 Bored Apes. Who are those members? We wouldn’t know for sure. Its founders are Kevin Rose, of Diggs fame, and illustrator Justin Mezzell. And it has been widely reported that the Proof Collective gave free memberships to digital artist Bleeple and motivational speaker and NFT millionaire Gary Vee.
Enter The Influencers
In the following video, one of the Proof Collective founding members, Internet legend and Diggs co-founder Kevin Rose, says. “This is the very beginning of what’s going to be a multi-decade journey to build a new media company.”
He also promises that Proof will combat FUD that comes with success by constantly shipping product. Moonbirds holders can expect benefits, airdrops, and physical objects related to the nascent brand.
What Is The Proof Collective?
The Proof Collective NFTs’ main benefit is the world’s most valuable currency: information. Besides a social club of sorts, the organization believes in “group bottoms-up-driven research.” Plus, some members are early NFT adopters that own all of the projects you hear about on social media and are actively looking for the next one. If you play your cards right and the gods smile in your direction, that Proof Collective NFT might pay for itself in a few months.
The organization takes things one step further, though. As “a new media company,” The Proof Collective produces and releases its own NFT masterpieces. Their first product where the Grails, which mint was solely for the members of the organization and had the slogan, “20 artists. 20 unique pieces of art. Artist names revealed after the mint.” So far, they’ve unveiled art by Tyler Hobbs, Claire Silver, Mike Shinoda, Larva Labs, Rachel Ryle, and Gary Vaynerchuk among others.
The Proof Collective’s second product was the incredibly successful Moonbirds, who conquered the world on a bearish market. “There are a total of 10K Moonbirds, they were issued under the ERC-721 standard on the Ethereum blockchain. The mint price for each one was a whopping 2.5 ETH. That means that, at current prices, the Proof Collective made over M on that first day,” our report said.
At the moment, the floor price for the Proof Collective NFT is 88 ETH, which at today’s exchange rate is more than 0K. And the prices of the listed for sale ones go up to a whopping 700 ETH. Currently, these NFT tickets sit at #17 in Cryptoslam’s “NFT Collection Rankings by Sales Volume” list. The project has sold more than 0K in the last 24 hours and more than M since the Proof Collective’s creation.
BTC price chart for 05/10/2022 on Gemini | Source: BTC/USD on TradingView.com
We Need A Little Controversy
Look, they don’t have any proof (no pun intended), but NFTethics suggests there’s something shady going on. “Some mentioned that we should check the purchases of proof collective, as many wallets only contains the proof collection and the floor is now 88 ETH. Wash trading is so common (…) these days that it’s not even noteworthy anymore.”
3/ Also nepotism is completely standard in the NFT space, so the fact that GaryVee (Gennady), his brother AJ, Beeple and some old friends received the Proof collective for free is standard. We saw quite a lot of other "old" friends that received the proof collective for free/. pic.twitter.com/o20NOgfIM4
— NFT Ethics (@NFTethics) April 15, 2022
Wash Trading is the process of buying and selling an asset in order to increase its perceived price. “In some situations, wash trades are executed by a trader and a broker who are colluding with each other, and other times wash trades are executed by investors acting as both the buyer and the seller of the security,” according to Investopedia.
Could the Proof Collective have done that? Maybe. But there’s no evidence, all of this is mere speculation.
In Conclusion
The Proof Collective entered the NFT space with a bang. The space has never seen an ascension this fast and a track record this clean. So far, they’ve done everything right. Does that guarantee future success? No, it doesn’t. But it certainly is impressive.
Check the previous edition of the Blue Chips NFT 101 series, Solana’s “DeGods.”
Featured Image: Proof Collective NFT, promotional image from their site | Charts by TradingView
NewsBTC
FantomStarter Taps Into the Power of the Collective to Provide Its Userbase With the First Decentralized Knowledgebase for Blockchain and Technology Startups
Bridge the gap between blockchain and traditional tech with the FantomStarter educational investment community
The cryptocurrency ecosystem gained a foothold in the mainstream consciousness throughout 2021 as the rise of decentralized finance (DeFi) and non-fungible tokens (NFTs) have caught the eye of people from all corners of society from video game players to institutional investors.
Similar to the explosion of interest seen during the ICO-craze of the 2017-2018 bull market, the increased attention on cryptocurrency projects has led to an uptick in new project launches amidst an already crowded field of more than 13,000 protocols fighting for their slice of the market share.
Not all projects that are launching have the noblest of intentions from the outset, however, and even many of those that do will fail to obtain a sufficient amount of investment or attention needed to allow them to survive long term.
Just as many of the “whitepaper-only” ICOs from the last cycle completely vanished during the infamous ‘Crypto Winter’, a large number of the newly launched or already existing projects will fade away during the next bear market despite the hopes and wishes of their community of token holders.
But what if you could tap into the power of a dedicated community of investors and researchers and join in on the exploration process by evaluating up-and-coming protocol launches in exchange for the opportunity to gain early access to investing in the most promising ones?
Well, that is precisely the idea behind FantomStarter, the first multi-chain education, investment, and rating platform designed to attract a wide range of users, projects, and venture capitalists through the onboarding of both blockchain projects as well as traditional tech startups.
This one-of-a-kind platform for decentralized investments is set to transform the current investment platform paradigm by engaging its user base to form the largest collaborative ecosystem of Investors who research projects, rate/score, and submit a report analysis on newly developed projects.
To become an ethical and robust ecosystem that offers a framework for finding the most promising emerging opportunities for its user base, FantomStarter is designed to help investors of all types wade through the sea of scam projects and rug pulls to find the real gems with the potential to ‘moon’.
By tapping into the research capabilities of a collective, the FantomStarter ecosystem unmasks a project’s true value and makes its value proposition transparent to its end users, the investors.
The decentralized nature of the FantomStarter protocol enables investors to take advantage of the early-stage prices typically reserved for large investment funds and venture capital firms and maximize the possible returns in the same way that Wall Street fat cats have done for decades.
With a supportive and knowledgeable community of experienced crypto investors, FantomStarter offers the ideal environment for those new to the cryptocurrency market and blockchain technology to learn the common pitfalls and mistakes known to lead to a loss of funds or scam investment as well as learn how to identify projects with long-term potential.
Each user gets the personalized dashboard that gives them access to the knowledge base of the community and allows them to contribute to the ecosystem by submitting reviews of projects that they have researched in return for community points.
FantomStarter’s uncommon approach of integrating both traditional tech projects as well as blockchain protocols makes it uniquely positioned to help bridge the gap between the legacy financial system and the emerging DeFi metaverse while offering its users access to the most promising new projects from both.
It’s not often that something comes along that helps level the playing field between the average person and the top 1%, but when it does it’s a blessing for those who are lucky enough to come across it. FantomStarter is precisely one of those opportunities as it helps empower users with well-researched facts and not the flashy marketing typically used to misinform the public to the benefit of multinational corporations.
From the four-figure retail investor to the Wall Street hedge fund manager, FantomStarter offers a decentralized educational center designed to provide every user with the missing link that they have been looking for to take their investment game to the next level.
If long-term investing success and a deeper understanding of financial markets sounds appealing, you won’t want to miss out on getting in on the ground floor for this unique, once-in-a-generation opportunity.
While Broader Crypto Market Holds Its Collective Breath, Whales Are Loading Up On Bitcoin
Bitcoin, likewise other cryptos, have had a hard seven days. So investors across the crypto have understandably been wary of the market and any investments at this point. This has played out in the way the digital assets have done in the market. Various dips have put the market into what looks like a long-suffering form. But while most investors hold their breaths in wait for what happens next, whales are on the move with their bitcoin investments.
Whales Gearing Up For Next Bitcoin Rally
Whales have been known to move large amounts of cryptocurrencies across wallets. These happen both in times of bull and bear markets. One thing that metrics have shown recently is that whales are using the current price crashes as a buying opportunity. Movements from BTC wallets holding around 100 to 10,000 bitcoins, otherwise known as whales, show that these investors are completely unfazed by current market trends.
Related Reading | How Shrinking Short-Term Supply Of Bitcoin Is Affecting The Asset’s Price
Data shows that wallets with at least 100 to 10,000 BTC have been increasing their holdings in the last couple of days. These whales have now accumulated over .9 billion worth of bitcoin since the week began. Following the price crash that happened on September 7th, the market entered into a period of low momentum. Price remained around the K to K, with not much in the way of movements either way. Presenting a perfect opportunity for big-time investors to fill up their bags.
BTC price trading in the mid-K range | Source: BTCUSD on TradingView.com
Another interesting metric is the spending rate of the whale wallets. On-chain analysis shows that these wallets are not doing much in the way of spending their bitcoins. Rather, the assets held in the wallets have remained in their position. Usually only moving in what looks to be the investors or entities moving their coins to other personal wallets. In short, the whales are accumulating and they do not plan to sell anytime soon.
Market Sentiment Turns To Neutral
The market crash last week saw market sentiment do a complete 180. The Fear & Greed Index the week before had shown increasing positive sentiment amongst investors, when the index had moved from greed into extreme greed. This put the market under immense buy pressure the week leading up to one of the biggest news of bitcoin adoption; the sovereign nation of El Salvador making BTC a legal tender.
Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course
The market, however, did not respond the way it was expected to on the day the law became official. Instead of triggering a continuation of the bull run the market had been in, BTC had lost over 17% of its value in a flash crash. The Fear & Greed Index promptly moved into the fear region after the crash, where it stayed for the rest of the week.
Fear & Greed Index moves into neutral | Source: Fear & Greed Index on Alternative.me
Now, though, the index has moved into neutral. Gaining 7 points from last week’s Fear 46 to put it in a neutral spot. Although the index shows a drop of five points between yesterday and today. Showing that the index is slowing sliding back into neutral, given that market sentiment is still greatly skewed towards the negative.
Featured image from Pinterest, charts from TradingView.com and alternative.me
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ICO First: Farm Collective Wins Clearinghouse Support for Token Sale
The first initial coin offering in Russia sanctioned by a traditional clearing house is underway, a step toward legitimization of blockchain tokens.
CoinDesk
ICO First: Farm Collective Wins Clearinghouse Support for Token Sale
The first initial coin offering in Russia sanctioned by a traditional clearing house is underway, a step toward legitimization of blockchain tokens.
BitNewz.net