DigiCask: Pioneering Whisky Tokenization on Solana Blockchain

Real World Assets (RWAs), including real estate and commodities like whisky, are increasingly being brought into the digital world. This shift increases liquidity and improves transparency and accessibility for investors. 

DigiCask is a project on the Solana blockchain that focuses on tokenizing whisky casks. This market is estimated to be worth $75 billion and has traditionally required significant financial outlay to invest in whole casks. According to its announcement, DigiCask aims to democratize this process by allowing fractional ownership of premium whisky casks, lowering entry barriers, and broadening investor access.

Fractional Ownership: A Gateway to Diverse Investments

DigiCask’s platform allows for the direct purchase of whisky casks from verified distillers, eliminating logistics concerns like transportation and storage. By breaking down whole casks into smaller shares, investors can diversify their investments across various casks with varying rarity values. This approach attracts investors who recognize the profit potential, as whisky investments have historically appreciated by 12-15% annually.

Furthermore, DigiCask will introduce a governance token, $DCASK, which will be a key utility within its platform. This initiative positions DigiCask as a player in modernizing the whisky industry through blockchain technology. Moreover, by tokenizing premium whisky casks, DigiCask is joining the path towards digital transformations in the traditional asset space.

DigiCask’s launch on the Solana blockchain marks a significant milestone in the evolution of real-world assets in DeFi. Through fractional ownership and tokenization, investors can potentially gain access to the exclusive whisky market with lower entry barriers and increased liquidity. 

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Eigenlayer stands out as the largest Restaking project on Ethereum in 2024. Although Bitcoin price is down recently, the listing of $EIGEN will benefit Ethereum price. Unlike other Restaking projects, Eigenlayer offers higher security and better compatibility, enabling various public chains to share Ethereum’s secure nodes. The benefits include:

1. New public chain projects can share security without the need to incur substantial costs in setting up nodes.

2. Users wishing to mine by setting up nodes do not need the 32 ETH requirement but can participate with a smaller amount of ETH.

3. Liquidity of Ethereum staked in nodes can be released for use in other project developments.

Currently, Eigenlayer supports Restaking for tokens from 12 Ethereum projects. Tokens staked on these 12 projects can be used by other users. For example, staking ETH on the Renzo Protocol to earn RzETH allows users to stake RzETH on other chains or trade with it. The exchange rate between RzETH and ETH is 1:1.

The airdrop distribution for Eigenlayer is based on points earned by staking on these 12 projects. The off-exchange trading price for points of EigenLayer is currently $0.165 per point. An estimated 4.5 billion Eigenlayer tokens will be distributed in the airdrop, equivalent to $740 million in $EIGEN tokens. According to BingX’s Eigenlayer Price estimation and analysis, there is a high likelihood of price pressure on the Eigenlayer token after listing. Investors who did not participate in the Eigenlayer airdrop can refer to Eigenlayer Valuation to determine the optimal entry price on BingX.

About BingX

Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became Chelsea FC’s principal partner, marking an exciting debut in the world of sports.

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Foundation in Art and Technology

At the core of Imaginary Ones’ approach is their collection of 8,888 unique animated 3D NFT characters. These characters serve as digital assets and embody themes of love, positivity, and creativity. Moreover, through these characters, they are building a diverse and dynamic Web3 ecosystem beyond traditional gaming experiences.

Expanding a Diverse Web3 Ecosystem

Imaginary Ones is constantly broadening its presence in entertainment, focusing on mobile gaming. Their signature 3D characters, such as the hugely popular Bubble Rangers, are featured in their games, which offer engaging gameplay and stunning artistic elements.

In addition to digital assets and gaming, Imaginary Ones has also ventured into physical merchandise and strategic partnerships with established brands like Samsung and Hugo Boss. These collaborations add a new dimension to the experience, offering new products and exclusive content.

In January, Imaginary Ones announced a partnership with Immutable to develop a series of casual, mobile-first games on the Immutable zkEVM platform. Using Immutable’s zkEVM technology, Imaginary Ones can provide developers and users with custom smart contract support, advanced gameplay mechanics, and gas-free transactions. 

To further enhance their market strategies and engage with their community, Imaginary Ones recently partnered with Animoca Brands, a global leader in blockchain-based entertainment. As such, the partnership seeks to utilize Animoca Brands’ expertise and resources to develop Imaginary Ones’ token economics, design a creative airdrop campaign, and provide guidance on Imaginary Ones’ market entry strategy.

$BUBBLE

As they continue to grow, Imaginary Ones has exciting plans in store, including launching their cryptocurrency, $BUBBLE, and expanding their digital landscape with more immersive experiences.

According to Imaginary Ones, you can receive the $BUBBLE Coin airdrop by holding an NFT from within the Imaginary Ones ecosystem, redeeming an Imaginary Pass, or accumulating Bubble Points and Social Points through participation in social activities and gaming challenges. 

Holders of any of the following four NFT collections will be eligible for the upcoming $BUBBLE coin airdrop:

Imaginary Ones NFT: Owners of these NFTs gain entry into an expansive ecosystem that includes a staking platform, future offerings, and IO tokens, enhancing their engagement within the community.

Imaginary Rides NFT: This collection represents the second instalment within the ecosystem, further expanding the universe for collectors.

HUGO x IO NFT: The HUGO x IO NFT collection, a prestigious collaboration with fashion titan HUGO BOSS, aims to connect individuals with their emotions.

CMTTAT’s Foundation Pieces: This collection comprises 21 exclusive art pieces. Ownership in this collection transcends possession of unique digital art—it fosters a shared identity and connection among a select group of collectors. 

Overall, the project exemplifies Web3’s innovative potential by integrating art, community, and technology into a cohesive ecosystem. 

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The Case of MetaBirkins NFTs

In 2020, luxury fashion house Hermes filed a lawsuit against artist Sonny Estival, who goes by the name Mason Rothschild, for trademark infringement. Rothschild’s MetaBirkins NFTs featured digital designs of faux-fur Birkin bags, which Hermes argued confused consumers and diluted their brand identity. The case gained attention as it was one of the first instances of a traditional luxury brand taking legal action against an artist in the world of NFTs.

The legal battle between Hermes and Rothschild came to a verdict last year, with a jury unanimously ruling in favor of the luxury brand. Judge Jed Rakoff issued a permanent injunction, preventing Rothschild from further infringing on Hermes’ trademarks. However, this decision was recently reversed by the same judge, allowing Rothschild’s MetaBirkins NFTs to be exhibited at the Spritmuseum in Stockholm.

The Upcoming Exhibition

The Spritmuseum, located on Djurgården island in Stockholm, is a popular museum that focuses on Swedish drinking culture and houses the Absolut Art Collection. The museum plans to feature Rothschild’s MetaBirkins NFTs in an upcoming exhibition, with disclaimers stating that a jury found the NFTs to potentially be confusing for consumers. This decision has raised questions about the relationship between NFTs and trademark laws.

Throughout the legal battle, Rothschild’s defense argued that his MetaBirkins NFTs were a form of artistic expression protected under the First Amendment. The NFTs served as a commentary on the fashion industry’s fur-free initiatives and an experiment in luxury valuation. With the recent reversal of decision, it is uncertain if Rothschild will attend the exhibition, especially with the expected arrival of his first child.

Conclusion

The controversy surrounding Mason Rothschild’s MetaBirkins NFTs has brought attention to the potential conflicts between NFTs and trademark laws. While the recent reversal of decision allows the NFTs to be exhibited at the Spritmuseum, it raises questions about how these digital assets can coexist with traditional brands and their trademarks. As the world of NFTs continues to evolve and expand, we can expect more legal battles and discussions surrounding their impact on various industries.

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Key Features of Blast

One of the key features of Blast is its ability to reduce gas fees on the Ethereum network. This means lower expenses for NFT trading, minting, and in-game transactions, making it more accessible for creators and collectors alike. Additionally, Blast’s lightning-fast transaction confirmation times provide a smoother experience for users, eliminating long wait times and potential delays.

While many Layer-2 solutions offer scalability and faster speeds, Blast takes it a step further by introducing a unique feature – the ability to earn rewards simply by holding ETH, USDC, USDT, or DAI. This is particularly appealing for creators and collectors who wish to earn passive income from their NFT-related holdings. By staking these assets on the Blast platform, users can earn Blast Points which can be redeemed for a share of a prize pool consisting of 2 million $GOLD tokens.

Blast’s Innovative Ecosystem

Blast has a strong focus on attracting gaming projects and developers. With its combination of scalability and yield-earning possibilities, Blast has the potential to transform game economies and player rewards systems. This opens up opportunities for new and innovative ways for gamers to monetize their skills and time spent in various games.

Another exciting aspect of Blast is its synergy with Blur marketplace. This initiative allows users to trade Blast NFTs across different blockchain networks, significantly improving the ease of access and liquidity for NFT enthusiasts. 

By depositing into their Blur Pool on Blast, users can accumulate Blast Points, which are awarded based on the native yield generated from the pool. These points can then be used to claim a share of a substantial prize pool, which includes 2 million $GOLD tokens, allocated for giveaways to creators and traders.

Final Thoughts

Blast may still be a relatively new solution in the market, but it is quickly gaining traction in both the NFT and gaming spheres. Its innovative approach to scalability and yield-earning possibilities has caught the attention of many, and it continues to evolve with new features and partnerships.

While Blast faces competition from other Layer-2 solutions in the market, its unique features and focus on gaming make it stand out. As blockchain technology continues to advance, Blast is definitely one to watch as it paves a unique path within the blockchain gaming and NFT space. 

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The Opal Protocol and BLIF Token

The Opal Protocol is a decentralized ecosystem protocol built on Bitcoin and driven by BLIF, the Opal Protocol Runes token. It aims to harmonize various domains such as finance, entertainment, education, and governance within the Web3 universe. This partnership between Animoca Brands and Darewise marks a significant step towards realizing this vision.

Yat Siu, the executive chairman and co-founder of Animoca Brands, highlighted the shift of Bitcoin from a mere store of value to a “store of culture” in the Web3 age. This is made possible by ordinals, which are digital assets that represent ownership or control of a specific asset or property within the metaverse. By developing on the Bitcoin chain via the Opal Protocol, Animoca Brands aims to promote digital property rights and benefit from network effects, enhancing the open metaverse concept.

Genesis Members and Inviting Others to Join

Six of Animoca Brands’ portfolio companies have already joined as Genesis members in this new ecosystem. This diverse group of companies will collaborate to build a robust and interconnected ecosystem on the Bitcoin chain, utilizing the Opal Protocol and BLIF token.

But this is just the beginning. Animoca Brands has invited other interested companies to join the movement by applying to become an OPAL member and building using BLIF. This open invitation aims to bring in more innovative ideas and expand the possibilities of what can be achieved with the Opal Protocol.

Final Thoughts

The partnership between Animoca Brands and Darewise to develop a Web3 ecosystem on the Bitcoin chain through the Opal Protocol is a significant step towards the mainstream adoption of blockchain technology. By leveraging ordinals and digital property rights, this ecosystem will bring together various domains such as gaming, entertainment, DeFi, education, and governance, providing a seamless and interconnected experience for users.

With six of Animoca Brands’ portfolio companies already on board as Genesis members, the potential for growth and collaboration in this ecosystem is immense. And by inviting other businesses to join, the door is open for even more innovation and expansion within the Web3 universe.

As we continue to see advancements in blockchain technology and its integration into various industries, collaborations and partnerships like this will play a crucial role in driving its adoption and growth. Animoca Brands’ vision to develop the largest Web3 ecosystem on the Bitcoin chain is an exciting development that has the potential to transform how we interact with digital assets and property rights in the metaverse.

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From Open Access to Exclusive Rights

The new policy was outlined in a recent announcement by Moonbirds on X: “You’re going to need a character. A character that you own. Starting today, Moonbirds will join Mythics as a collection with commercial rights. If you’ve made stuff during the CC0 era – cool. But from now on, you’ll need to own a Moonbird to keep doing so.” This change is part of a broader strategy to enhance the value and utility of Moonbirds within the digital economy.

This pivot coincides with a broader restructuring at Yuga Labs, including staff cuts in response to the downturn in the NFT market. The company has reported decreased trading volumes and diminished royalties from its flagship collections, prompting a recalibration of its business operations.

Venturing into 3D and Virtual Realities

In addition to these copyright changes, Moonbirds is set to undergo a creative transformation. Yuga Labs plans to develop 3D avatars from the Moonbirds collection, making them suitable for animation and integration into the Otherside metaverse project. This move is expected to transition the NFTs from static images to dynamic, interactive figures that can be utilized in various digital environments.

Colin Hesterly, a co-founder of Moonbirds and Senior Art Director at Yuga Labs, will lead this artistic evolution. The shift towards 3D avatars aims to provide a more immersive experience for users and expand the utility of Moonbirds in virtual spaces.

Furthermore, Moonbirds are creating a digital home for their characters. In this new virtual space, users can connect and immerse themselves in the world of Volaria.

Expanding Beyond the Digital

The initiative also includes plans for Moonbirds to venture into physical merchandise, thereby extending its brand into the tangible world. Moreover, Yuga Labs is organizing dedicated events to foster community among holders. One such event is a satellite gathering adjacent to Apefest 2024 in Lisbon this October, promising to enhance connectivity and engagement within the community.

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As with any valuable asset, security is of the utmost importance, especially in the unpredictable and ever-evolving landscape of cryptocurrency. This is where MPC (multi-party computation) wallets come into play, offering a new level of security for your NFTs and crypto game assets.

What are MPC wallets?

MPC wallets are a type of multi-signature wallet that uses advanced cryptography techniques to distribute private key shares among multiple parties. This means that instead of relying on a single private key to access your digital assets, which can be vulnerable to hacking or theft, MPC wallets use a combination of multiple keys held by different individuals to secure your funds.

How do they work?

MPC wallets use complex mathematical algorithms and protocols to divide an individual’s private key into multiple shares. These shares are then securely distributed among multiple trusted parties, also known as key holders. The key holders can be individuals or entities such as banks, exchanges, or even family members.

To access the funds in an MPC wallet, a predetermined number of key holders must come together and combine their shares to form the complete private key. This process is known as “computation” and requires all key holders to be physically present and authenticate their shares. Once the complete private key is formed, it can be used to sign transactions and access the funds in the wallet.

What are the benefits of using MPC wallets for NFTs and crypto game assets?

Enhanced security

As mentioned, traditional single-key wallets are vulnerable to hacking or theft. However, with MPC wallets, the risk of a single point of failure is significantly reduced. Since no one individual holds the complete private key, it becomes virtually impossible for hackers to gain access to your digital assets.

Moreover, even if one of the key holders’ devices is compromised or stolen, it would not be enough to access the funds in an MPC wallet. This additional layer of security makes MPC wallets an ideal choice for storing valuable assets such as NFTs and crypto game assets.

Increased control and flexibility

MPC wallets offer more control and flexibility to the owner of the digital assets. As the individual holding the complete private key, you have the power to choose who your key holders will be. You can also set specific conditions or rules for when and how the key holders can combine their shares to access the funds. This gives you more control over your assets and adds an extra layer of protection against unauthorized access.

Easy recovery

Losing a private key is every crypto investor’s nightmare, as it can result in permanent loss of funds. However, with MPC wallets, the risk of losing all your digital assets due to a lost or stolen private key is greatly reduced. Since the private key is divided into multiple shares, losing one share would not mean losing access to your funds. You can simply replace the lost key holder and recompute the private key using the remaining shares.

The future of MPC wallets in the world of digital assets

MPC wallets are gaining traction in the cryptocurrency community due to their enhanced security features. As the value and popularity of NFTs and crypto game assets continue to rise, the need for more secure storage options will also increase. This is where MPC wallets have a significant advantage over traditional single-key crypto wallets.

Moreover, as technology advances, we can expect to see even more advanced versions of MPC wallets, offering increased security and flexibility. Some experts believe that in the near future, MPC wallets may even become the standard for securing digital assets, replacing traditional single-key wallets.

Conclusion

MPC wallets offer a new level of security and control for your valuable NFTs and crypto game assets. With their use of advanced cryptography techniques and distribution of private key shares among multiple parties, they provide enhanced protection against hacking and theft. 

As the world of digital assets continues to evolve, MPC wallets will undoubtedly play a crucial role in ensuring the safety and security of our digital wealth. So if you’re looking for a secure storage option for your NFTs and crypto game assets, consider giving MPC wallets a try. 

Featured Image: Depositphotos

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This dynamic rewards program is designed to significantly enhance user engagement and loyalty within the COCA ecosystem.

The first season of the COCA Points System brings exciting opportunities for users to earn rewards through various activities:

–          Interactive Engagement on Social Media: Join the COCA community on social media platforms, participate in discussions, and stay updated with the latest news to earn points.

–          Rewards for Using the COCA App and Card: Every interaction within the app, including asset swaps and transactions, earns points. Additionally, using the COCA card for transactions rewards users with points.

–          Content Creation and Sharing: Share your creativity by creating content about COCA. Your efforts not only enhance community engagement but also earn you points.

–          Referral Program: Invite friends to join the COCA ecosystem and accumulate points through the referral program.

It offers users the chance to earn significant rewards, with a total of 3500 USDT in rewards distributed among the top 50 participants based on leaderboard standings over a 30-day period.

Mila Kryvko, COCA’s CMO, emphasized the significance of the new points system: “Introducing COCA Points is a transformative step for our platform, enhancing how rewards integrate seamlessly into users’ daily crypto activities and fostering a deeper connection with our services. This new feature is expected to significantly boost user activity and retention, as it ties rewards directly to the everyday actions that cryptocurrency users are already taking on the platform.”

COCA’s announcement at Money20/20 reflects its commitment to innovation and customer satisfaction. With a growing user base and a strong presence in the market, COCA is poised to lead the next generation of crypto services.

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What is the Web3 Portal?

The Web3 portal is a platform created by Google Cloud to support developers in the blockchain space. It offers access to various products, datasets, and tutorials for creating NFTs and DApps. With the growing popularity of blockchain technology and its use cases beyond cryptocurrency, Google has recognized the need to provide developers with the necessary tools and knowledge to build innovative solutions.

While the launch of the Web3 portal has been welcomed by many, there have also been some mixed reactions from the cryptocurrency community. Some industry members have expressed disappointment over the absence of native Bitcoin and lightning support on the portal. This is seen as a significant oversight by Google, considering Bitcoin’s dominance in the crypto market and its potential for innovation in the Web3 space.

What Does the Portal Offer?

Despite the lack of support for Bitcoin, the Web3 portal still offers a wide range of resources and features for blockchain developers. This includes access to products such as testnet tokens for deploying DApps on Ethereum’s testnets, tutorials on NFT development and Web3 loyalty programs, and information on securing digital assets using multi-party computation (MPC).

In addition, Google has also been actively expanding its presence in the Web3 space. This includes features like being able to search for wallet balances across multiple blockchains and revising policies to allow advertising of certain crypto products. 

Furthermore, prior to the launch of the Web3 portal, Google Cloud had already integrated with MultiversX and added multiple new blockchain networks to its BigQuery data warehouse. This integration enhances the data analytics capabilities within Google’s ecosystem, creating a more seamless experience for developers.

Conclusion

The launch of the Web3 portal by Google Cloud is a significant step in the company’s expansion into the blockchain space. While there have been some criticisms regarding the lack of native Bitcoin support, the portal still offers a range of valuable resources and features for developers. With Google’s continued efforts in this area, it is clear that the company recognizes the potential of blockchain technology and aims to support its growth through providing tools and resources for developers.

Featured Image: Depositphotos

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