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Decentraland price, market cap on Coin360 heatmap

Decentraland(MANA)

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$0.422634
(4.52%)
0.00002490 BTC
Market Cap (Rank#56)
$784,022,359
46,193 BTC
Vol 24h
$28,777,197
1,696 BTC
Circulating Supply
1,855,084,191.78
Max Supply
2,194,986,738
1h agocryptodaily
LBank Exchange Will List WAHED Token (WAHED) on December 5, 2022
INTERNET CITY, DUBAI, 2nd December, 2022, ChainwireLBank Exchange, a global digital asset trading platform, will list WAHED Token (WAHED) on December 5, 2022. For all users of LBank Exchange, the WAHED/USDT trading pair will be officially available for trading at 10:00 UTC on December 5, 2022. As the world’s first investment hub for blockchain businesses in technology, sustainable initiatives, and innovative companies, WAHED is focused on revolutionizing revenue management for the ones looking for investment funding and organizations handling social impact projects. Its native token WAHED Token (WAHED) will be listed on LBank Exchange at 10:00 UTC on December 5, 2022, to further expand its global reach and help it achieve its vision. Introducing WAHED Start-ups need capital, and owing to no credit history, acquiring traditional bank loans remains a challenge for new small businesses even to this day. WAHED is the solution to the hassle of funding for technology startups and eco-friendly and sustainability-oriented startups, and works towards offering a world of transparency, which is built on trust. Driven by the power of blockchain, WAHED streamlines a decentralized ecosystem of fund generation with its six core components, including token, portals, projects management, NFT marketplace, crypto exchange, and foundation. All six components provide smart solutions to associate partners, helping them generate funds seamlessly and incentivize WAHED’s ecosystem as a whole. The ecosystem of WAHED allows organizations to leverage funding from blockchain-based solutions. The token-based economy system of WAHED will help in generating returns that will be reinvested into the capital generation stream, creating a community-generated revenue stream that is distributed amongst all partners to establish equitable profit sharing. WAHED’s leadership team is composed of passionate philanthropists with expertise in entrepreneurship, blockchain technology, and project management. Over the years they have worked with various NGOs and charitable organizations in the Middle East, Europe, and Southeast Asia. Team members including the chairman Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa, vice chairman Eng. Abdulrahman Bin Ahmed Al Abdulkader, board member Sergio Torromino and Salvatore Nicotra, business development director Eng. Anas Mahmood, finance director Khalid Mustafa Jalili, strategy director Eng. Muath Abdulrahman Al Abdulkader, technology & operations director Migin Vincent, worldwide marketing director Ahmad Fayadh, sharia consultant Prof. Dr. Muwaffaq AlDulaimi, media advisor Ebrahim Alnaham, senior PR & communications officer Farah Asad Abuzzait, and head of administration Tariq Mohamed Hassan are the building blocks of WAHED that work towards achieving the aim of partnering with new high growth innovative technology ventures and make this world a healthy space for tech-based startups. Partnerships, Grant Campaign, and More Building partnerships is an essential part of WAHED project’s future development. In addition to supporting human welfare and philanthropic initiatives, WAHED focuses on collaborating with environmental welfare initiatives and wildlife protection & animal welfare projects. WAHED recently announced its partnership with logistics specialists TASAWUQ. Currently operational in Riyadh, Jeddah, and Dammam, TASAWUQ made the growing global demand for same-day delivery a reality in Saudi Arabia’s largest cities. By partnering with the blockchain specialists at WAHED, the advantages of TASAWUQ’s cloud technology and extensive partner network will be scaled for the rest of the Kingdom to experience. WAHED also built Partnerships with The Creator’s Group and EnterMed. The partnerships stand to provide a range of benefits that will undoubtedly elevate the experience and cost savings of the end users. By utilizing blockchain as a tool to promote efficiency and transparency, WAHED aims to raise the bar on how businesses can be conducted, and how lives can be improved. In addition, WAHED will be hosting their Grants Program on Questbook, to provide equity-free grants and support the buidlers and help them grow, while striking a long-lasting strategic partnership to nurture them. As WAHED build partnerships and grow with the communities, it will be shifting towards an autonomous governance body. Once active, WAHED team will propose pre-listed activities for the community to vote on. WAHED believes in keeping things crystal clear and all its partners can enjoy transparency with all funding activity and project progress as it produces measurable performance metrics while leveraging blockchain ledger technology. Additionally, WAHED has also held a campaign where participants can pitch in their best business ideas for a grant worth 25K USDT. This campaign helped Web3 entrepreneurs get access to funds in an alternative and more approachable way, allowing them to build their dreams without worrying about the capital. Focused on revolutionizing revenue management for the ones looking for investment funding and organizations handling social impact projects, WAHED extends full support to the ones who want to pave the way for global welfare and human economic development. The amount raised in WAHED seed round sold for private investors reached up to $500,000 and the tokens will be locked for one year and after that only 5% can be withdrawn every month. About WAHED Token As the native utility token of the WAHED project, WAHED token fuels the entire ecosystem by acting as the medium for economic exchange and solving core issues like transparency and lack of trust. WAHED tokens will be used for investment in the new, high-growth innovative technology start-ups. It will also be allocated to various NGOs, and periodically, these tokens will be sold in the market and the money will be released to the NGO. Investing in WAHED tokens will offer participants great wealth-building opportunities. Investors can make a strong investment portfolio and can benefit from the increase in its value. The WAHED token will be listed on LBank Exchange at 10:00 UTC on December 5, 2022. This listing will undoubtedly help it further expand its business and draw more attention in the market. Learn More about WAHED Token: Official Website: https://wahedprojects.org/ Discord: https://discord.gg/YGDBk9UbmN Twitter: https://twitter.com/wahedprojects Instagram: https://instagram.com/wahedprojectscoin Facebook: https://www.facebook.com/wahedprojects About LBank LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute the global adoption of cryptocurrencies. Start Trading Now: lbank.com Community & Social Media: Telegram l Twitter l Facebook l LinkedIn l Instagram l YouTube ContactLBK Blockchain Co. LimitedLBank [email protected]@lbank.info
1h agocryptodaily
Inside LBank’s Exquisite Afterparty at DCENTRAL Miami
INTERNET CITY, DUBAI, 2nd December, 2022, ChainwireLBank, a global crypto exchange, hosted an ‘LBank & Crypto Friends’ afterparty alongside the Web3 conference DCENTRAL Miami. LBank was proud to host more than 200 guests from all layers of the industry. This was LBank’s second event in Miami after exhibiting at the Bitcoin 2022 conference earlier this year. ‘LBank & Crypto Friends’, hosted on November 28th, served as a buffer between conference days, giving many attendees a chance to unwind after an intense day. A diverse crowd stopped over for the laid-back event, including Web3 entrepreneurs, investors, crypto enthusiasts, and more. “I met a lot of interesting people here. It was good to meet with LBank’s team in person and discuss our partnerships and potential collaborations,” a guest at the afterparty said. DCENTRAL Miami, the most significant Web3 conference in the industry, hosted a large group of attendees this year and many industry-leading speakers. LBank was thrilled to be a part of this exciting event, celebrating crypto with some of the most talented minds in the industry. This year’s DCENTRAL Miami focuses on creating an “inclusive space for the entire Web3 and NFT community to foster a shared learning environment.” LBank regards innovation, integration, and professionalism as the company's three fundamental values and goals. “We are glad to have found more people who are aligned with our values and hope that together we can shape crypto into a more harmonious, inclusive space,” a representative from LBank stated. Education has been a major focal point for LBank, especially in developing markets such as the MENA region and the Asia Pacific. DCENTRAL has announced Vietnam for its next event location, the first time the conference will be hosted in Asia. “We hope that more crypto events in regions such as Southeast Asia will help with a broader adoption of crypto and more awareness of the powers of blockchain technology,” an LBank representative told us. About LBank LBank, founded in 2015, is an innovative global trading platform for various crypto assets. The exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms, with over 7 million users from more than 210 regions around the world. DISCLAIMER: LBank has not established an official presence in the United States. Start Trading Now: lbank.info Community & Social Media: Telegram l Twitter l Facebook l Linkedin Press contact: [email protected] ExchangeLBK Blockchain Co. [email protected]
3h agocryptopotato
Multiple SBF Appearances, Fed Chair Speech, and Market Bounce: The Week’s Crypto Recap
Sam Bankman-Fried appeared on a few occasions this week, leaving more questions than answers. Fed Chair Powell hinted at incoming hikes while the market managed to recover a bit.
6h agocryptodaily
3 Altcoins That Could Skyrocket In 2023: Decentraland (MANA), Cardano (ADA), And Plona (PLON)
The year is almost over, and many investors are already searching for cryptocurrencies that could skyrocket in price. For some time now, Bitcoin (BTC) has remained Below the $25k resistance level, dampening investors' hope of a bull run this year. But, some coins are poised to do well next year, like Plona (PLON). While Decentraland (MANA) and Cardano (ADA) are well-known in the crypto space, a new cryptocurrency, Plona (PLON), could be more profitable than these coins as it is currently on presale. Cryptocurrencies on presale generally reward investors more than well-established coins. Decentraland (MANA): The Metaverse is a big concept right now, with big companies like Nike and Meta (formerly Facebook) investing heavily in the virtual world concept. One of these virtual worlds is Decentraland (MANA), which allows people to explore the Metaverse, buy virtual land, and host events. As the Metaverse continues to grow in popularity, investors can expect Decentraland’s (MANA) price to rise. There are so many things Decentraland (MANA) users and visitors can buy stuff via the in-site marketplace, like digital wearables, properties, and custom names. Most of these transactions occur with Decentraland’s native currency (MANA). More activity in this virtual world could cause the coin’s price to soar over the following years. Cardano (ADA): Launched in 2017, Cardano (ADA) is one innovative project that has stayed on top of the crypto market in relevance and market cap for about 2 years, attracting new investors. Cardano (ADA) was formulated to be a better alternative to Ethereum (ETH) and was developed by a team that includes an Ethereum co-founder Charles Hoskinson. Cardano(ADA) is an open-source blockchain that allows developers to create smart contracts and build projects around it. Its coin, ADA, has much potential to do well as the Cardano (ADA) blockchain constantly rolls out innovative solutions. Plona (PLON): This new altcoin has the power to give the most ROI to investors because of its unique proposition. As the premier luxury car Metaverse platform, Plona (PLON) comes with an all-inclusive approach to help users make practical money. While you may not have enough money to buy virtual land, you can channel your funds into a luxury car as an NFT. The NFTs can be used as collateral. The excellent news: Plona (PLON) is currently on its presale round, meaning you can buy it right now and watch your gains compound next year. To buy Plona (PLON), you just need some cryptocurrency, an ERC-20-compatible wallet to receive the Plona (PLON) airdrop, and 2-3 minutes to buy into the presale. You certainly do not want to miss the opportunity of buying a coin on presale: it is golden. Got any questions? Visit the links below: Presale: https://buy.plona.io Website: https://plona.io Twitter: https://twitter.com/plonatoken Telegram: https://t.me/plonatoken Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
9h agocryptopotato
Crypto Price Analysis Dec-2: ETH, XRP, ADA, MATIC, and DOGE
This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Dogecoin. Ethereum (ETH) Ethereum had a good week, with the price managing to break above the $1,220 resistance level and booking a 6.5% increase in the process. This bullish momentum is expected to continue if buyers can manage to turn the previous […]
12h agocryptodaily
DeFi Protocol Ankr Hit By Multi-Million Dollar Exploit
With the crypto industry’s focus on the FTX fiasco, DeFi hackers have been making merry, hitting Ankr, and as per information available, stealing $5 million. Hackers were able to exploit an unlimited minting bug. The DeFi protocol stated it is working with exchanges to mitigate the hack’s impact. Ankr Falls Victim To Exploit Ankr, a BNB Chain-based decentralized finance (DeFi) protocol, has confirmed that it has fallen victim to a multi-million dollar exploit. The attack occurred on the 1st of December and was discovered by on-chain security analyst PeckShield on the 2nd of December. Ankr confirmed the developments shortly after, stating on Twitter that hackers had managed to exploit the aBNB token. They also announced that they were working with exchanges to halt trading of the token in question. “Our aBNB token has been exploited, and we are currently working with exchanges to immediately halt trading.” Details Of The Hack According to the available details, the hacker was able to mint 20 trillion Ankr Reward Bearing Staked BNB (aBNBc) thanks to a vulnerability in the smart contract for the token. “Our analysis shows the $aBNBc token contract has an unlimited mint bug. Specifically, while mint() is protected with onlyMinter modifier, there is another function (w/ 0x3b3a5522 func. signature) that completely bypasses the caller verification to have arbitrary mint !!!” PeckShield reported that the hacker had transferred around 900 BNB, worth around $253,000 into Tornado Cash. Additionally, the exploiter also bridged USDC and ETH to the Ethereum blockchain. According to PeckShield, the hacker holds 3000 ETH and around 500,000 USDC. The 20 trillion aBNBc tokens held by the attacker make them the 13th largest holder of the token. The aBNBc token is the reward-bearing token for BNB tokens staked on the Ankr platform. Vulnerabilities In The Smart Contract Code Blockchain security firm Beosin confirmed the source of the exploit, stating that it was likely due to vulnerabilities in the smart contract code, along with compromised private keys. According to Beosin, these vulnerabilities could have emerged from a technical upgrade carried out by Ankr. “@ankr has been exploited. $aBNBc has dropped -99.5%. The hacker minted tons of $aBNBc and made a profit of 5,500 BNB (~$1.6 million). The deployer changed the implementation contract to the vulnerable contract address before the attack (possibly due to private key compromise).” A spokesperson for the security firm stated, “It is possible that the deployer’s private key was exposed in this upgrade, leading to an attacker using deployer privileges to modify the contract.” Binance Investigating The Exploit Binance, in a post on the 2nd of December, confirmed that its team was engaged with Ankr and other related parties and was investigating the matter further. It also added that no Binance user funds were at risk. “We are aware of the attack targeting @ankr’s aBNBc token. Our team is engaged with the relevant parties and @BNBCHAIN to investigate further. This is not an attack against #Binance, and your funds are SAFU on our exchange. This thread will be updated should there be any updates.” ANKR And BNB Price Drops As a result of the developments, both ANKR and BNB saw a considerable drop in price. At the time the news of the exploit broke, the ANKR token dropped around 6.6%, falling to $0.0211. However, it has since recovered and is currently trading at $0.0216. The token is already over 90% down from its all-time high of $0.213. The BNB token also dropped, falling by 3.1%. However, this decline was attributed to a wider decline in the crypto markets. DeFi hacks had shot up drastically over the past couple of months, with October becoming the worst month in DeFi history. Several DeFi protocols, such as the Ethereum Alarm Clock Service, Polygon’s QuickSwap, Mango Markets, and others, fell victim to exploits. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
22h agocryptodaily
UnUniFi Protocol raises $1.5M in Seed Round to build the first Decentralized Cross-Chain NFTFi Platform with Auto DeFi Yield
New York, New York, 1st December, 2022, ChainwireUnUniFi is very proud to announce the completion of a $1,500,000 strategic fundraise led by gumi Cryptos Capital, with participation from Coincheck, Hyperithm, MZ Web3fund, Arriba Studio and gC Incubation. “The true utility of UnUniFi is NFTFi functionality with a proprietary valuation algorithm, combined with our interchain yield aggregator.” -Yu Kimura, Founder UnUniFi is a Layer1 blockchain protocol for providing efficient NFT lending through an internal NFT marketplace on the Cosmos ecosystem. UnUniFi protocol started development in Q4 2021, and launched its mainnet in May 2022. This strategic fundraise marks the conclusion of our seed funding round, with the support of venture capital funds and investors from around the world. UnUniFi will use the funding from this seed round for continued development and scalability in line with the Roadmap, with an immediate focus on delivering the product releases and product-market fit (PMF). We are very grateful for such great support so early in our development, and we look forward to realizing our mission “to give every NFT the opportunity to DeFi”. Why is UnUniFi Special? UnUniFi will be the first NFTFi platform to create a proprietary NFT valuation algorithm calculated using real demand data, while allowing its users to generate automatic DeFi yield on borrowed assets. While other NFTFi platforms employ a peer-to-peer or liquidity-pool lending model, UnUniFi combines real demand for the NFT itself with the intrinsic demand for liquidity generation, giving NFT holders faster and more flexible access to lending. This technology is scalable for institutional users and can be implemented externally by other platforms as an NFT valuation oracle. Additionally, UnUniFi's API, client library, Bubble plugin, and frontend incentive module all combine to allow the project to become the first successful ecosystem with a truly “decentralized frontend”. Learn more: How does UnUniFi work? “Many projects have tried to build a financing ecosystem around NFTs, since NFTs have become a significant asset class. However, due to the unique nature of NFTs, low liquidity causes situations where it is hard to recover financing capital. During distressed markets, this becomes a bottleneck. UnUniFi comprises of a marketplace infrastructure with built-in price discovery functionality; this allows liquidity to be secured from the beginning. We believe UnUniFi will be able to create opportunities for the huge market of NFTFi” said Rui Zhang, Managing Partner of gumi Cryptos Capital. What Comes Next? While the completion of the seed funding round represents a huge milestone for our team, UnUniFi's immediate focus is on realizing its Q4 product releases and PMF. These objectives include: bringing to market NFTFi functionality with the ability to collateralize NFTs; the Interchain Yield Aggregator for automatic DeFi yield; enabling of Cosmos IBC (Inter-Blockchain Communication) and more. These core functionalities will help realize the foundations of a truly decentralized NFTFi platform. Through staggered updates and announcements the goal is to continue creating rapid public awareness about the status and availability of our upcoming releases. In order to expand the UnUniFi ecosystem, the team is actively seeking and negotiating with NFT projects (an NFT is not limited to art or pfp. — there are many potential applications in real estate or securities domains, etc.), dApps, and other potential partners to identify strategic partnerships. UnUniFi continues to accept inquiries from external collaborators for consideration, where applicable, and welcome other projects to contact us and join the UnUniFi ecosystem. In the meantime, we continue working on our deliverables and pushing forward in our mission to encourage the widespread adoption of NFTs as a legitimate asset class through practical and usable DeFi technologies. About UnUniFi: UnUniFi is a Layer1 blockchain protocol for providing efficient NFT lending services through an internal NFT marketplace with Auto DeFi Yield, all built on the Cosmos ecosystem. UnUniFi will be the first NFTFi platform to create a proprietary NFT valuation algorithm calculated using real demand data, while allowing its users to generate automatic DeFi yield on borrowed assets through an interchain yield aggregator. UnUniFi aims to be a dApps platform with NFT price information at its core; the internal NFT marketplace provides valuable data for the NFT price discovery function, scalable for usage by external platforms and Cosmos IBC integration. Follow Us: Website | Twitter | Discord | GithubContactChristopher [email protected]
1 day agocryptodaily
DappRadar: Blockchain Gaming Activity Hardly Impacted by FTX Crypto Blast
Kaunas, Lithuania, 1st December, 2022, ChainwireDappRadar, the global dapp store, said today in a report the blockchain gaming sector showed strong resilience throughout the month of November, despite negative pressure on the wider crypto industry that resulted from the collapse of the once-popular FTX cryptocurrency exchange. Blockchain games brought almost half of the blockchain activity DappRadar's latest Blockchain Games Report shows that blockchain gaming activity largely managed to brush off the events at FTX. The number of daily unique active wallets (UAW) averaged 800,875 in November, down slightly from just over 900,000 UAWs in the previous two months. All told, blockchain games accounted for a healthy 46% of all blockchain activity, ensuring it remains the biggest segment in the overall crypto space, ahead of decentralized finance. The most popular blockchain for gaming was, once again, Wax, which actually saw an increase in daily activity with an average of 344,284 daily UAWs in November, up more than 4% from October. BNB Chain was the second-most popular gaming protocol in October with an average of 171,269 dUAW but took a big hit in November and that number decreased by 35%. Taking BNB Chain’s spot as the second-most popular gaming protocol in November was Hive, which also declined from the previous month by 8%, but maintained an average of 156,369 dUAW this month. There were a number of blockchains that suffered as a result of the fallout from the FTX collapse, though. In particular, gaming on the Solana blockchain - which was closely linked to FTX - appears to have taken a big hit.In November, it saw its gaming activity fall by a stunning 89.42% to just 2,326 daily UAWs, the lowest number it has registered thus far. Top-ranking games pick up speed while metaverses take a hit in sales Most of the games ranking in the top ten in terms of users put in a strong showing throughout the month. For instance, the Wax-based Alien Worlds managed to grow its user base by an impressive 25% to emerge as the most-played game of all, with 212,000 dUAWs. Splinterlands came in at number two with 169,000 dUAWs, up 5% from the previous month, November was a busy month for metaverse gamers too, with The Sandbox completing one of its most hyped events thus far, Alpha Season 3, with more than 353,000 unique users across 98 brand-generated experiences. While The Sandbox saw its NFT trading volume fall by around 33% last month to just over $1 million, it ended the month by announcing another big land sale. The upcoming sale promises to be a big event, with The Sandbox poised to auction off 1,967 LANDs, including 50 estates, 695 regular LANDs, 134 premium LANDs and 19 one-of-one LANDs. Both standard and premium LAND sales will be allocated via a blind ballot system. The sales actually kicked off on Nov. 24 and will continue until early in the New Year, so don't be surprised to see a significant uptick in The Sandbox's trading volume next month. Another popular metaverse, Decentraland, also witnessed a decline in November, with trading volume down 54% and sales down more than 23%. The decline in metaverse land sales is almost certainly a consequence of the goings on at FTX, which helped to accelerate a decline in land trading volume that began in July. It'll be interesting to see if the new LAND sale at The Sandbox can help to arrest the slide or not. Despite the decline in metaverse sales, the health of the blockchain gaming space looks positive overall, especially if the amount of cash being thrown at it from investors is anything to go by. The report notes that blockchain games and metaverse projects raised a combined $534 million in new funding throughout November. The highlight of the month was Web3 games publisher Fenix Games, which raised a hefty $150 million in the month to acquire, invest and distribute its portfolio of blockchain games. About DappRadar Founded in 2018, DappRadar is the The World's Dapp Store: a global decentralized applications (dapps) store, which makes it easy for its base of more than 1 million users per month to track, analyze, and discover dapp activity via its online platform. The platform currently hosts more than 12,000 dapps across 49 protocols and offers a plethora of consumer-friendly tools, including comprehensive NFT valuation, portfolio management, and daily industry-leading, actionable insight. Socials: Twitter - Discord - Reddit - Telegram - FacebookContactDan [email protected]
1 day agocryptosrus
Blackrock CEO says, firm invested $24 million in FTX
Larry Fink, BlackRock Chairman and CEO said that the firm invested $24 million in the now-bankrupt cryptocurrency exchange FTX through the funds it manages. He added that despite the fact that FTX collapsed, the technology behind crypto is still relevant in the future. Fink opined that FTX failed because it created its own centralized FTX […] The post Blackrock CEO says, firm invested $24 million in FTX appeared first on CryptosRus.
1 day agocryptodaily
Porsche Rolls Out First NFT Drop
Luxury car manufacturer Porsche has become the latest brand to enter the Web3 space by launching its own NFT collection. Porsche’s Customizable NFTs Porsche has announced the launch of its first-ever NFT collection to be dropped in January 2023. The collection will include 7,500 pieces of exclusive digital collectibles designed around the classic Porsche 911 model. The Porsche team collaborated with Hamburg-based designer and 3D artist Patrick Vogel, who will craft each NFT. The unique feature of this collection is that buyers will be able to dictate the design of their individual NFTs by selecting a particular ‘route’ from Performance, Lifestyle, or Heritage. Each of these routes will highlight a specific component of Porsche’s brand identity, which will be reflected through the design and character of the NFT. After a user purchases an NFT, Vogel will work on their input and design each NFT as a special 3D asset in Unreal Engine 5. Other than having a say in how their NFTs will look, owners will also get exclusive access to virtual and real-life events. Executive board member for Sales and Marketing, Detlev von Platen said, “The NFT artworks enable us to take our understanding of modern luxury and the unique brand positioning of Porsche into the digital world.” Porsche’s Big Move Into Web3 Although Porsche had previously auctioned a car sketch as NFT, this new 7500-piece collection will mark its big move into the web3 space. The company is also seeking to incorporate blockchain technology into its business and operations. More specifically, the company is considering shifting the Porsche purchasing experience and supply chain management onto the blockchain. The team is also exploring matters of sustainability through the web3 lens. Lutz Meschke, Deputy Chairman and Member of the Executive Board for Finance and IT said, “We’ve made our commitment for the long haul and our Web3 team has the autonomy to develop innovations in this dimension as well. Innovation management at Porsche also sees potential in the purchasing experience, the metaverse and the supply chain. Vehicle and sustainability issues are also being considered” Porsche Participating In Web3 Event One of the advertising avenues adopted by the brand to promote its NFT drop is organizing a panel on November 30 at The Gateway: A Web3 Metropolis, a five-day festival taking place during Art Basel Miami 2022. During the panel, Porsche team member and visual artist Vexx will discuss the brand’s entry into the Web3 space. Furthermore, the team will also be unveiling an exclusive art installation at the event to launch Porsche’s The Art of Dreams campaign. ​​Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocointelegraph
What is tokenization and how are banks tapping into its design principles?
Financial services organizations can use tokenization to solve several friction points and have better risk management in place.
1 day agocryptodaily
SubQuery Announces Integration with Flare Network
Dubai, UAE, 1st December, 2022, ChainwireSubQuery is excited to announce it has extended its data indexing support to Flare Network, the blockchain that aims to connect everything. The partnership was made possible after SubQuery received a grant from the Flare Ecosystem Support Programme. Flare is a blockchain which presents developers with a simple and coherent stack for decentralized interoperability, allowing dApps to serve multiple chains through a single deployment. This cross-chain approach is consistent with SubQuery’s continuous effort to become the universal blockchain indexing tool for web3 developers. Flare supports EVM-based smart contracts, and has data and interoperability infrastructure built natively into the blockchain, providing dApps with highly decentralized price feeds and secure state acquisition from other blockchains. Flare is also building the capability to create decentralized, multilateral and insured bridges between different blockchain networks to achieve trustless interoperability. Hugo Philion, Flare Co-founder & CEO, said, “We admire SubQuery's decentralized data indexing solutions and are excited for them to launch on Flare mainnet. This will complete another important piece of Flare's developer engagement strategy." SubQuery provides decentralised data indexing infrastructure to developers building applications on multiple layer-1 blockchains including the Cosmos ecosystem, Polkadot, Algorand and Avalanche. As an open data indexer that is flexible and fast, it helps developers build APIs in hours and quickly index chains with the assistance of dictionaries (pre-computed indices). Engineered for multi-chain applications, SubQuery allows developers to organize, store, and query on-chain data for their protocols and applications. SubQuery eliminates the need for custom data processing servers, helping developers focus on product development and user experience. “We’re proud to be supporting teams building on Flare Network with our fast, flexible and universal indexing solution. We are excited to deliver another integration that enables Flare developers to index their data faster and easier, and build complex dApps with the help of SubQuery.” — Marta Adamczyk, Technology Evangelist at SubQuery Flare Network developers will benefit from the full SubQuery experience, including the open-source SDK, tools, documentation, developer support, and other benefits developers receive from the SubQuery ecosystem. Additionally, Flare Network is accommodated by SubQuery’s managed service, which provides enterprise-level infrastructure hosting and handles over 400 million requests each day. SubQuery is now focused on launching the Kepler canary network before decentralising and tokenizing the protocol to build the SubQuery Network. If you would like to join SubQuery as a Flare launch partner, please reach out to [email protected] Getting Started The best way is to start with our starter project which contains a running project with an example of all mapping functions. You'll need to install a recent version of @subql/cli via npm i -g @subql/[email protected] If you don't want to see a kitchen sink example, you can follow a step by step guide on how to create a real world example. Follow our quick start tutorial to see how to index all Flare FTSO Rewards on the Songbird network in less than 15 minutes. With SubQuery's Flare integration, we can index the following: BlockHandler: All blocks and their hash and height TransactionHandler: All transactions and their hash, height, and timestamp LogHander: Logs and other on chain messages as a result of transactions made SubQuery's Flare implementation has been designed to operate almost identically to SubQuery's Avalanche, Polkadot, Cosmos, and Algorand support, and in a similar way to the Graph's approach. We've updated the SubQuery Documentation to add Flare specific information. You can begin by following this excellent getting started guide here. Key Resources Developer documentation (SubQuery Academy) Starter project (Github) Example project that indexes FTSO rewards Discord community (including technical support) About Flare Network Flare is a blockchain built to connect everything. It presents developers with a simple and coherent stack for decentralized interoperability, allowing developers to serve multiple communities and ecosystems simultaneously through a single deployment. Flare’s protocols now provide: Scalable EVM-based smart contracts. Highly decentralized price feeds. Secure state acquisition from other blockchains. Flare and ecosystem partners are also building: Insured smart contract token bridging. Non-smart contract token bridging. Secured data relay. Horizontal scaling through a fully interoperable multi-chain ecosystem. Website | Twitter | Discord About SubQuery SubQuery is a blockchain developer toolkit facilitating the construction of Web3 applications of the future. A SubQuery project is a complete API to organise and query data from Layer-1 chains. Currently servicing Polkadot, Avalanche, Algorand, and Cosmos projects, this data-as-a-service allows developers to focus on their core use case and front-end without wasting time building a custom backend for data processing activities. In the future, the SubQuery Network intends to replicate this scalable and reliable solution in a completely decentralised manner. ​​Linktree | Website | Discord | Telegram | Twitter | Matrix | LinkedIn | YouTube ContactDan [email protected]
1 day agocryptodaily
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About Decentraland

The live price of Decentraland (MANA) today is 0.422634 USD, and with the current circulating supply of Decentraland at 1,855,084,191.78 MANA, its market capitalization stands at 784,022,359 USD. In the last 24 hours MANA price has moved -0.00829 USD or -0.02% while 16,766,154 USD worth of MANA has been traded on various exchanges. The current valuation of MANA puts it at #56 in cryptocurrency rankings based on market capitalization.

Learn more about the Decentraland blockchain network and how it works or follow the price of its native cryptocurrency MANA and the broader market with our unique COIN360 cryptocurrency heatmap.

Decentraland (MANA) is one of those cryptocurrencies that has seen immense growth and popularity in recent years thanks to the renewed "metaverse" mania. Built as a decentralized virtual reality platform, Decentraland is a virtual world with its own cryptocurrency, MANA, powered by the Ethereum blockchain as well as NFT parcels called LAND.  Decentraland users can create, experience, and monetize their content and applications in the shared virtual world.

The Decentraland Foundation, the entity behind the development of Decentraland, was founded in 2015 by Ariel Meilich, project lead, and Esteban Ordano, tech lead. The Decentraland platform went live on Ethereum in 2017, following an initial coin offering (ICO) of $26 million for future operations, with MANA coined as its official cryptocurrency. The network launched its closed beta in 2019 and opened to the public in February 2020. Prior to its launch, Decentraland created the decentralized autonomous organization (DAO) to hand over the management and governance of the project to its users, ensuring no single entity has control over the platform.

Decentraland aims to combine blockchain technology and augmented reality to create a 3D virtual world where users can develop their avatars, communicate, engage and take part in commerce — all via traditional web browsers.

MANA price

According to our MANA/USD live price chart, the token saw a noticeable price spike in Q3 of 2020 — going from under $0.05 to over $0.13. 

The rally for MANA price continued into 2021, and by April of the year, MANA was trading above $1.6 MANA's price did correct with the broader market during mid-2021, and it traded below $0.40 at one point.

However, as the market sentiment grew bullish in autumn of 2021 with BTC price soaring to an all-time high of $69,000, Decentraland’s token saw elevated trading volumes. MANA's price rallied in line with its metaverse competitors The Sandbox (SAND) and Enjin Coin (ENJ), going from $0.8 on Oct. 16 to $5.9 on Nov. 25, with a gain of 670%. With this, MANA price set a new all-time high and reached a fully diluted valuation of $12 billion. 

The crypto market witnessed another severe crash near the end of 2021, continuing this nosedive into 2022 with MANA losing a big portion of its gains alongside other major cryptocurrencies like BTC and ETH.

How MANA works

The Decentraland platform utilizes the Ethereum blockchain and its native token, MANA, allows users to buy and sell digital land while exploring, creating, and playing games in its virtual world. Over the course of time, the platform has incorporated in-game payments, peer-to-peer communication, and interactive apps. 

Decentraland uses two different tokens for its ecosystem:

MANA: An ERC-20 token, MANA, can be used for ecosystem governance, making transactions within the metaverse, and buying LAND and other virtual goods. Based on the Ethereum blockchain, the token is secured by an extensive decentralized network of miners that work together with a large number of nodes to secure the blockchain. MANA requires an Ethereum-supported wallet to interact and experience the full potential of Decentraland’s 3D virtual reality game world.

LAND: An ERC-721 non-fungible token (NFT), LAND, is used to identify and maintain a ledger of land parcels representing digital real estate within the virtual world.

To safeguard digital property, Decentraland uses the consensus layer, which maintains a ledger and tracks the ownership of each land parcel, using an Ethereum-based smart contract. The Decentraland gameworld is divided into a total of 90,601 independent parcels of LAND, each assigned a unique coordinate, owner, and what the landowner serves. 

While keeping track of each parcel of LAND is key, it is also important to ensure players and users have a smooth communication line and building experience, Decentraland’s content layer uses 3 rendering files to distribute the content needed to render the world: 

Content files: References to 3D meshes, textures, audio files, and any other related content required to render the parcel. 

Scripting entry points: Specifies how the content is placed, its behavior, and animations within the parcel.

P2P interactions: As the title suggests it creates a means of interaction such as messaging, voice chat, and sharing coordinates. 

Decentraland also offers a marketplace where players and creators alike can buy, sell or transfer wearable items, accessories, unique names, avatars, or any other in-game virtual asset.

MANA news, updates, and highlights

Global tech giant Samsung added support for VR platform Decentraland on its blockchain wallet app on July 21, 2020. Samsung launched this crypto wallet back in 2019 for its signature phone Galaxy S10.

In July. 2020 comic artist Jose Delbo, who has worked for both Marvel and DC kicked off a week-long exhibition in Decentraland. Jose, credited for creating Wonder Woman for DC comics released a number of digital images in the VR world for viewers at the in-game gallery called MakersPlace, with each proof of ownership recorded using blockchain technology.

In late November 2021, a digital plot in the Decentraland Metaverse was sold for a whopping $2.43 million or 618,000 MANA tokens — more than what most homes go for in NYC, and San Francisco. The prior record for the most expensive virtual plot was around $913,000.

Frequently asked questions about MANA

  • Can you mine or stake MANA?

You can't mine MANA since it is not a proof-of-work token, but you can stake MANA on various platforms to earn passive income.

  • What are some of the best MANA wallets?

A digital wallet is a must for MANA since it keeps all your digital assets and in-game progress safe. You can choose to experience Decentraland without it but you will miss out on daily rewards, not be able to participate in events, and much more. MetaMask is one of the recommended digital wallets by Decentraland, with Trust Wallet and Ledger being viable secondary options. If you are leaning more toward cold wallets, Ledger Nano S, Ledger Nano X, and Trezor One are fantastic options.

  • What can you do with MANA?

MANA is an ERC-20 token that can be used to purchase LAND, estates, avatars, unique names, wearables, or any other good that the game has to offer in the virtual world.

  • How to buy MANA?

You can buy MANA on exchanges like HitBTC, Nexo, and OKX with MANA/BTC, MANA/ETH, and MANA/USDT trading pairs. You can also buy MANA using fiat currency with on-ramp services.

Decentraland Price0.422634 USD
Market Rank#56
Market Cap784,022,359 USD
24h Volume28,777,197 USD
Circulating Supply1,855,084,191.78 MANA
Max Supply2,194,986,738 MANA
Yesterday's Market Cap749,991,500 USD
Yesterday's Open / Close0.41258 USD / 0.40429 USD
Yesterday's High / Low0.41258 USD / 0.401207 USD
Yesterday's Change
-0.02% ( 0.00829 USD )
Yesterday's Volume16,766,154 USD
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