Metaplex, a Solana-based protocol that allows for the easy deployment of NFTs across applications, has introduced MPL-404, a hybrid decentralized finance standard. MPL-404 leans on SPL-404, a protocol that allows for the exchange of an NFT for a fixed number of tokens assigned by the designers of each artistic collection. Metaplex Aims to Extend Hybrid […]
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Hybrid L2 Build on Bitcoin Launches Mainnet; US Users Face Geo-Blocking
The layer-two initiative known as BOB, short for ‘Build on Bitcoin,’ has declared its mainnet operational with over 40 apps launching in the initial phase. Notably, the BOB application that facilitates bridging and access to the ecosystem is geo-blocked in the United States. BOB Mainnet Activates, Project Expects a ‘Bitcoin-Driven Defi Summer’ On May 1, […]
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‘Build on Bitcoin’ Startup Secures $10M in Seed Funding to Advance Hybrid L2
The layer-two (L2) initiative BOB, an acronym for ‘Build on Bitcoin,’ successfully secured million during its seed funding round, led by Castle Island Ventures. The financial boost is set to advance the deployment of a Bitcoin L2 that is compatible with the Ethereum Virtual Machine (EVM), aiming to spur creativity across the network and […]
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Aleksandr Li: Understanding Pik-Swap and the Hybrid Decentralized Wager Platform
N-PIK is an online gambling platform that utilizes its own PIK token, PLYP token to enable players to join raffles, as well as a comprehensive token-based economy to allow players to bet, wager, and win in the best games of skill and chance. The ecosystem’s platforms are already licensed in Uganda and Kenya. Li Aleksandr […]
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Putin Warns of Increased Financial Crisis Risk — Says Russia Is Being Subjected to Hybrid War
Russia’s President Vladimir Putin has warned of increased “risks of a new global economic and financial crisis against the backdrop of an uncontrolled debt accumulation by developed countries.” He added that Russia is “being subjected to a hybrid war, with illegitimate anti-Russian sanctions that are unprecedented in scale.”
Putin on Financial Crisis and War
Russia’s President Vladimir Putin spoke about various issues at the virtual summit of the Shanghai Cooperation Organisation (SCO) Heads of State Council on Tuesday. The meeting was also attended by Chinese President Xi Jinping.
Besides pushing for increased use of national currencies in trade settlements, Putin stated that the SCO ”is strongly committed to creating a truly just and multipolar world order — an order based on international law and common principles of mutually respectful cooperation between sovereign states.” He added:
This is especially important today, when geopolitical discord grows bigger, the degradation of the international security system continues, [and] risks of a new global economic and financial crisis increase.
The Russian leader noted that all of these issues are happening “against the backdrop of an uncontrolled debt accumulation by developed countries, social divide and growth of poverty all over the world, deterioration of food and environmental security.”
In addition, he stressed that they are “complex and diverse” issues, warning that their collective impact could “lead to a significant increase in conflict potential.” Putin emphasized that Russia is currently grappling with all these challenges.
He detailed: “For a long time, external forces have been implementing a project near our borders to create from our neighbor, Ukraine, a de facto hostile state, an ‘anti-Russia.’ They funneled weapons into it for eight years, condoned aggression against the peaceful population of Donbass, and indulged in every way in planting neo-Nazi ideology.”
The Russian president claimed, “And all this was done in order to jeopardize Russia’s security and stifle our country’s development,” emphasizing:
We are now, in fact, being subjected to a hybrid war, with illegitimate anti-Russian sanctions that are unprecedented in scale.
What do you think about the statements by Russian President Vladimir Putin? Let us know in the comments section below.
Bleeple’s “Human One,” A Sculpture + NFT Hybrid, Sold For $28.9M At Christie’s
Digital artist Bleeple cemented his place in the history books with this one. Auction house Christie’s sold his human-size 3D video sculpture and NFT hybrid in their first live event since the pandemic. The piece exceeded expectations, the projections had “Human One” selling for M and it almost doubled that. Does this hybrid format open a new chapter for NFT art? We wouldn’t know, but Bleeple’s piece sold alongside works from Jean-Michel Basquiat, Banksy, and Peter Doig.
Related Reading | NFTs And Play-To-Earn Are The Future Of Gaming, States EA CEO
A better question might be, are NFT artists willing to put this much effort into their pieces?
What Do We Know About “Human One” By Bleeple?
The real-life installation is almost 7 Ft. high and consists of four screens. It has a computer at the base. The environment the astronaut-like figure walks through is ever-changing. According to Christie’s “it’s drawn at random from a data pool of the artist’s visual creations that is accessed via the Ethereum blockchain.” Not only that, Barrons.com informs us that “Beeple’s plan is to shift the generative art images over time “in response to current events,” Christie’s said. The result will be “an eternally contemporary work of art.”
https://t.co/5phhwNZaxV
— beeple (@beeple) November 10, 2021
But wait, why would they use the Ethereum blockchain where a normal database would suffice? We hope that the owner doesn’t have to pay gas fees for that. The clips are one minute long and the piece keeps changing 24 hours a day. In any case, Ethereum hosts the NFT attached to “Human One.” A crucial piece of the pie, since Bleeple is known for his record-breaking “Everydays – The First 5000 Days.” It was the first NFT Christie’s auctioned and it went for M.
In any case, Mike Winkelmann AKA Bleeple described “Human One” as “the first portrait of a human born in the metaverse.” He told Christie’s, “I want to make something that people can continue to come back to and find new meaning in. And the meaning will continue to evolve. That to me is super-exciting. It feels like I now have this whole other canvas.”
ETH price chart for 11/10/2021 on Kraken | Source: ETH/USD on TradingView.com
What Do We Know About The Auction And The New Owner?
According to Barrons again, “the auction focused on art created since 1980.” The event was “live-streamed to the world with specialists in London and Hong Kong manning the phones and projected on video screens in New York.“ The following videos capture all the action. In the first one, Bleeple himself gives us a backstage tour to Christie’s headquarters. In the second one, a fan screen-captured the moment in which the auctioneer sells Bleeple’s piece.
pic.twitter.com/mrBrYZfXOM
— Alex Roman (@3rd7th) November 10, 2021
Related Reading | Why Chainlink Labs Is Collabing With Palm Network NFT Space’s Development
Why do they say M in the video but the official Christie’s page says .9M? That information is above our paygrade. We did find who the lucky new owner is, though. Crypto-focused family office Dialectic’s Managing Director, Ryan Zurrer. A notorious NFT collector that used to be the Web3 Foundation’s director. In his announcement tweet, Zurrer thanked Bleeple “for the visionary innovation, amazing new energy and hilarious positive vibes that you’ve brought to both crypto and art.”
Secured the ONE. Thank you @beeple for the visionary innovation, amazing new energy and hilarious positive vibes that you've brought to both crypto and art. gn pic.twitter.com/XfhmxM9Luj
— Ryan Zurrer (@kukulabanze) November 10, 2021
In his response tweet, Bleeple said “INSANELY HONORED to be in this collection.”
That’s the “Human One” story so far.
Featured Image: “Human One” screenshot | Charts by TradingView
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ACDX Introduces the World’s First Crypto Structured Product – A Hybrid of Perpetual Futures & Options
Bull Bear Strike Token – the revolutionary product is dubbed as the crypto “perpetual futures killer”
Founded by the ex-OKEx COO – Andy Cheung – who actively led OKEX to be a top-tier derivatives exchange, ACDX — an advanced crypto derivatives exchange is launching the world’s first crypto structured product today. Coined as Bull Bear Strike Token (BBS), the new trading product brings together the advantages of perpetual futures and options trading.
“Uncapped profit potential with capped risk – if you ask me to conclude what BBS is in one line. Crypto traders often find perpetual futures easy to trade, but are also scared by the risk of losing 100% of their collateral account. At the same time, they are confused by the complexity of options trading, though it offers the advantage of capped risk. That’s why we combined the two and created Bull Bear Strike Token,” said Andy Cheung, Founder and Executive Chairman of ACDX.
According to the founder and his research team, the current funding fees of perpetual futures in different crypto exchanges are unreasonably high. If a trader opens a 20x perpetual futures position of 20 BTCs priced at ,000 for 3 months, he will have to pay a whopping fee of up to ,800, which is 86% of his principal.
“The fees are surprisingly exorbitant, and often beginner traders are not aware. The community yearns for an all-rounded yet simple product. We want to simplify the whole process to make crypto investment user-friendly with Bull Bear Strike Token.”
Unlike perpetual futures, BBS has no funding fees and ACDX offers fee-free trading. With the same amount of asset, your wealth can be planned in a more cost-effective way.
BBS also comes with a high leverage level of up to 100x. Instead of constantly maintaining the collateral level in perpetual futures, traders of BBS only have to be aware of the knock-out level, which is transparent and constant. If traders exit their trade without being knocked-out, they will receive the full amount back – plus or minus any profit or loss.
OneSwap Launches AMM Order Book Hybrid DEX System, Public Beta Now Live
The blockchain technology underlying cryptocurrencies has evolved over the past few years to create a whole new Decentralized Finance (DeFi) movement. In simple words, DeFi is a collection of alternative financial services that are analogues to traditional products like savings, loans, trading, insurance, etc., built over blockchain technologies. Among all, trading has emerged as the strongest use case for DeFi, mostly due to the rising number of cryptocurrencies and the price volatility associated with them, among others.
Making efficient trading on DeFi applications possible is Automated Market Makers (AMM). One such AMM that is widely known among the crypto community is Uniswap, which allows users to exchange one ERC20 token with another on the Ethereum network in a semi-automated fashion. The smart contract based Uniswap allows users to trade tokens by avoiding platform fees and middlemen while solving liquidity issues prevalent with other decentralized exchanges.
Even though Uniswap has made a name for itself by creating practical AMM based DEXs that are independent of order books, there are still a lot of shortcomings that need to be addressed. One project that is working on fixing some of the issues faced by the likes of Uniswap is OneSwap. The OneSwap project that is a completely decentralized smart contract-based transaction protocol that supports permission-free token listing and automated market making. By design, it supports both traditional order books and AMM for a much better trading experience than the likes of Uniswap.
The AMM based on-chain order book implemented by OneSwap allows users to place both market and limit orders so that they can buy and sell orders as per the target price. It also offers an enhanced user experience through OneSwap Wallet while enabling quick deployment and management of smart contracts. OneSwap’s flexibility extends to the ability of users funding its liquidity pool so that they can put their idle digital assets to work and earn transaction fees from it. The hybrid AMM + On-chain Order book model allows uninterrupted trading by matching market orders with AMM as well as order book prices to find the best price for processing. Any order that can’t be fulfilled at existing conditions will be temporarily saved on the order book, to be processed using the Constant Product Market Maker (CPMM) model.
Transparent and Stakeholder Friendly
Traders rely on market information to devise their trading strategies. However, platforms like Uniswap have failed to maintain a transparent and trader-friendly model by offering just a simple transaction interface.
OneSwap draws inspiration from the tried and tested models that have so far proven useful for traders. It offers users comprehensive market information and analytical tools like candlestick chart, order ticket, depth map, price trends, trading volumes, depth, etc. for all supported cryptocurrencies, which in turn helps traders make informed trading decisions.
Apart from traders, other stakeholders on OneSwap include liquidity providers. While liquidity mining is already part of AMM models to incentivize users, OneSwap has added an additional incentive mechanism in the form of transaction mining where only Takers are charged a fixed percentage transaction fee which is used towards enhancing the liquidity and buying back the platform’s ONES governance token.
ONES Driving OneSwap
ONES is an ERC20 governance token that plays a role in liquidity mining, transaction mining, on-chain governance voting, transfer of ownership and blacklist mechanism. ONES token holders can float proposals, vote on such proposals, and even trade them against other assets on secondary markets. The platform uses 40% of the transaction fee generated from Takers to repurchase ONES and burn them on a regular basis to regulate the token’s value over time. With OneSwap public beta going live, users can participate in either liquidity mining or transaction mining for any of the whitelisted crypto pairs to start earning ONES as a mining reward.
Public Beta Now Live
OneSwap is one of the sought-after projects in the DeFi space as the community waits for the platform to go live. The potential of OneSwap to drastically improve DEX products is well recognized by the crypto industry players as well as community members. In fact, due to its promising innovative outlook, it has already received the backing and support of the CoinEx exchange. Today, the wait is finally over as OneSwap public beta goes live, which will be followed by the official launch of liquidity mining, traditional mining, and ONES ITO on CoinEx a couple of days later.
During the public beta phase, users stand to earn 300,000 ONES as mining rewards and another 200,000 ONEs as bug bounty.
Learn more about OneSwap Public Beta at – http://www.oneswap.net/
Hybrid AI Firm Cindicator Launches Crypto Fund Based on Hybrid Intelligence
n A hybrid intelligence firm announced the launch of Cindicator Capital, a crypto hedge fund based on hybrid Intelligence as well as quantitative researchn
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Nayuta Launches Hybrid Full Node/SPV Mobile Bitcoin Wallet
Nayutas new mobile Lightning bitcoin wallet uses a novel full node/SPV validation model which accounts for all portable needs.nThe post Nayuta Launches Hybrid Full Node/SPV Mobile Bitcoin Wallet appeared first on Bitcoin Magazine.n
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