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Obstacles to Metaverse Adoption

By
Crypto Research
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As the digital revolution continues to evolve, the concept of the metaverse has emerged as a fascinating prospect that could reshape our understanding of reality and interaction. This immersive virtual universe promises endless possibilities, from socializing and entertainment to business and education. Yet, despite its potential, the journey towards a fully realized metaverse is fraught with challenges that extend beyond just technical hurdles.

The early promise of the metaverse has already managed to captivate the imagination of various stakeholders, including technologists, investors, and futurists. However, there are several obstacles in its way to becoming a widespread reality.

Technology: One of the biggest obstacles to the adoption of the metaverse is the current limitations of technology. As discussed in the earlier sections, the technology for all the different layers of metaverse is still in its early stages. Without a fully developed technology stack for metaverse, it is impossible to unlock it’s full potential. According to the meta, it could take at least 15 years59 to develop the technology to make the metaverse as immersive as the real world.

Lack of standardization: The metaverse will require a set of standards to ensure interoperability and seamless communication between different virtual environments. However, there are currently no widely accepted standards, and different companies are developing their own proprietary systems, which could limit interoperability. This could serve as a major hindrance in achieving future growth.

Regulation: The metaverse will likely require some form of regulation to ensure that it is safe and fair for all users. Some metaverse platforms have been already accused of criminal activities; however, the regulation of virtual worlds is a complex and largely untested area, and it remains to be seen how governments and regulatory bodies will approach this issue.

Privacy and security: As with any online platform, privacy and security are major concerns. The metaverse will require robust security measures to prevent hacking and protect user data. There is also a risk of identity theft and fraud in a virtual world, which will need to be addressed.

Social acceptance: There is a growing apprehension among some people that the metaverse could have negative consequences for human life. One of the primary concerns is that the metaverse will reduce the amount of time people spend engaging in real-world activities, leading to a loss of touch with reality and a degradation of the essential human experience designed by nature. In addition, there are ethical questions about what content and activities should be allowed within the metaverse and where the line should be drawn between what is acceptable and what is not. As the metaverse becomes more prominent, it is likely that it will face significant backlash from individuals and groups who are skeptical or critical of its impact on society.

In conclusion, while the metaverse holds immense promise, its path to becoming a mainstream reality is not without significant obstacles. From technological limitations to lack of standardization, regulatory concerns, privacy and security issues, and social acceptance, the challenges are manifold. However, these are not insurmountable and with the right approach, solutions can be found. As we move forward, it’s crucial that we navigate these challenges thoughtfully to ensure the metaverse evolves into a space that is safe, inclusive, and beneficial for all.

Top 5 Upcoming Metaverse Projects

By
Crypto Research
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The digital frontier is expanding at a rapid pace with the development of numerous metaverse projects, each promising unique experiences that leverage blockchain technology and the concept of Web3. Among these emerging landscapes, projects like Eldora, The Otherside, Star Atlas, Outer Ring MMO, and Bloktopia are pushing the boundaries of virtual interaction, ownership, and gaming.

These platforms not only offer unprecedented opportunities for privacy, networking, and community building but also blend elements of economics, strategy, and role-playing into their fabric. From empowering users with user-friendly interfaces for community creation to providing a haven for crypto enthusiasts, these initiatives aim to reshape the way we interact with the digital and economic realms.

Eldora

The upcoming metaverse project Eldora aims to address major pain points that people face: lack of privacy in their online interaction, siloed network and rapidly evolving technologies. Eldora proposes two answers to these problems: a quick and easy on-ramp to the blockchain and a Web3 powered environment.

Eldora will provide an user-friendly interface for people who want to create their own community by using Web3 tools. With a key aspect of privacy, Eldora gives the opportunity for family offices, HNWI, to develop their network inside the metaverse and connect them with a money pool smart contract. Businesses will be able to directly connect with these actors for providing their services while individuals will be able to connect and learn about emerging blockchain. One of the main features of Eldora will be clubs which will facilitate the sharing of information and allow both businesses and consumers to network and share opportunities. To gain access to these clubs, users will need to have an Eldoran pass, which takes the form of a NFT on the Ethereum Blockchain.

Eldora will integrate many blockchain services to benefit Eldorans, such as an NFT marketplace, DEX, Defi protocol, trading room, on-chain data visualizations and on-chain messaging integration. The Eldora Pass NFT, which gives holders access to online and offline special events, clubs and businesses, will be available at a 50% discount for the first hundred whitelisted addresses. Register for the Eldoran Pass whitelist here.

Otherside

The Otherside is one of the most highly anticipated metaverse projects due to its ambitious plans and affiliation with Animoca brands and Yuga Labs, two prominent names in the Web3 space. The game will be an integral part of the Bored Ape Yacht Club (BAYC) ecosystem, enabling NFTs to be transformed into playable characters within the metaverse.

Owners of Bored Ape Yacht Club or Mutant Ape Yacht Club NFTs will be allocated plots of land, and additional plots will be available for purchase using the APE token. These plots of land are represented by nonfungible deed tokens called Otherdeeds. The APE token is the platform’s native token and will be used for utility and governance actions within The Otherside metaverse. The Otherside is being developed using the M2 network, which can facilitate over 10,000 players simultaneously interacting with the platform, and features voice chat capable of supporting thousands of players speaking concurrently.

Star Atlas

Star Atlas is an innovative space exploration game that is being developed on the Solana blockchain. It offers players the chance to own and trade virtual assets, engage in epic battles, and immerse themselves in a vast and captivating sci-fi universe. Set in the year 2620, the game combines elements of strategy, role-playing and economics as players build and manage their own space empires, complete with customizable fleets of ships and advanced technologies. Three factions are available for players to join: the ONI, a consortium of alien species; the Uster, sentient androids; and the MUD, a faction of humans.

Thanks to its use of Unreal Engine 5, Star Atlas boasts stunning, next-generation graphics that rival or surpass the latest AAA games. The game operates on a dual-token model, utilizing the ATLAS token for utility and the POLIS token for governance. ATLAS tokenholders can purchase digital assets, including ships, land and equipment, and pay for operating expenses for their mining equipment and ships. Meanwhile, POLIS tokenholders wield power over different regions in the game, enabling them to levy taxes, charge tolls, and create laws for players in their jurisdiction.

Outer Ring

Outer Ring MMO is an RPG game that combines science fiction, fantasy, and a tokenized economy in an open-world universe. The open-ended storyline allows players to freely explore the vast galaxy and create their own stories, adding to the game’s replayability. The game’s fusion of genres, including third-person shooter, MMORPG, and open- persistent world, allows for various game modes and events, including PVP combat and eSports competitions. The different tiers of planets and environments add to the game’s playability, allowing players to choose their level of difficulty and risk.

The vision of Outer Ring as a metaverse is ambitious, as it aims to create a virtual world without physical and social boundaries, where players can interact, develop their own stories, and even engage in real-world transactions through the Player Driven Economy. The Galactic Quadrant token is the game’s governance token, allowing holders to have direct influence over the game and adding another layer of engagement for players.

Bloktopia

Bloktopia is an upcoming virtual reality blockchain game that aims to bring the crypto community together in an immersive and engaging environment. The game is represented as a skyscraper with 21 levels, paying homage to Bitcoin’s total supply of 21 million. The game will provide a central hub for crypto enthusiasts, where users can access crypto information and immersive content all in one place. Bloktopians will be able to earn revenue through real estate ownership, advertising revenue, games, building networks and more.

The game will use advanced 3D creation engine technology to create stunning visualizations and experiences. Players can use Bloktopia’s native token, BLOK, to purchase in-game items and upgrade their real estate, known as Reblok. Reblok will be a valuable commodity within Bloktopia, allowing users to speculate on the property and either resell for profit or lease for passive income opportunities. Bloktopians can also earn through advertising, with a proportion of advertising fees generated returned to tokenholders. Learn more about Bloktopia in our article here.

In conclusion, the metaverse is not just a singular concept but an ecosystem of diverse projects each carving out their niche within the digital universe. Eldora focuses on privacy-centric community building with blockchain convenience, while The Otherside expands the Bored Ape Yacht Club’s reach into virtual reality. Star Atlas invites players into an intricate space odyssey with strategic gameplay, and Outer Ring MMO merges genres for a multifaceted gaming experience. Finally, Bloktopia creates a VR-based central hub for the crypto community.

These platforms are not merely games or social networks; they represent the next step in online evolution—a convergence of technology, entertainment, and digital economics that promises to define the future of our online lives. Each project, with its specialized offerings, contributes to a broader vision of the metaverse—one that is rich with potential and waiting for explorers to stake their claim in its ever-expanding territories.

Top 5 Metaverse Projects

By
Crypto Research
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In the dynamic world of digital innovation, developers are continually pushing boundaries to create immersive experiences that transform reality as we know it. This exploration is centered on Top 5 Metaverse Projects, which are setting new standards in virtual interaction: The Sandbox, Illuvium, DeFi Land, Decentraland, and Upland. Each of these platforms, integral components of the Top 5 Metaverse Projects, offers unique experiences, transforming how users interact with digital spaces and enabling a deeper level of engagement and ownership.

The Sandbox

The Sandbox is a virtual world building game where players can create, build and share their own voxel-based worlds and games with others. The Sandbox and its successor, The Sandbox Evolution, first hit the market as mobile-only Web2 games and became wildly popular, generating over 40 million downloads combined. Seeing the potential of blockchain technology, the games publisher, Pixowl, ventured into the Web3 space in 2018 to give players true ownership of their in-game items. The Sandbox metaverse platform comprises three main components: their voxel editor, marketplace and game maker. The Sandbox’s voxel editor, VoxEdit, and The Sandbox Game Maker allow anyone to build 3D models, games and nonfungible tokens (NFTs).

No coding is required for either editor, and they are completely free to use, facilitating a hassle-free experience for users aiming to make their first creation on the blockchain. Each model from VoxEdit is represented as an NFT called ASSETS. Users can earn from their NFT creations by uploading, publishing and selling their ASSETS on The Sandbox’s NFT Marketplace. The game uses three tokens to support its economy, SAND, LAND and ASSETS.

SAND is the games central token and is used for all of the ecosystem’s transactions. Holders of the SAND token can use it to acquire in-game items and NFTs, participate in governance, and earn rewards through staking. The nonfungible LAND tokens represent a digital piece of real estate in The Sandbox metaverse. Players can populate these LAND tokens with games and ASSETS. Each LAND token is large enough to support a robust gaming experience and can be managed by a single player, but those looking for a larger and more immersive online experience can combine multiple LAND tokens into an ESTATE.

Illuvium

Illuvium is a metaverse game that offers a unique combination of open-world fantasy gameplay and PvP autobattler mechanics. Players take on the role of a transport-ship survivor and explore a dangerous planet filled with mythical creatures known as Illuvials. The game features over 100 different Illuvials to collect and allows players to train and fuse their creatures to increase their power. The game’s economy is powered by its native token, ILV, which is used for purchasing Illuvials, staking and earning rewards. ILV holders will have a say in the project’s future, as stakers receive regular distributions and can vote on tokenomics-related issues and features in the game itself. The game’s integration with immutableX allows for instant peer-to-peer trading of in-game items with zero gas fees. Illuvium represents a new era in blockchain gaming, offering a fully decentralized protocol with AAA-rated blockchain gaming experiences that appeal to both casual and competitive players.

DeFi Land

DeFi Land is a decentralized finance game that incorporates well-known AMMs, DEXs and lending protocols to create a gamified environment where users can seamlessly perform DeFi actions. Each in-game asset corresponds to a real cryptocurrency, such as Solana (SOL) representing sunflowers, USD Coin (USDC) representing corn and Cope (COPE) representing pumpkins. In addition to DeFi features, DeFi Land offers mini-games and NFTs to enhance the user experience. Players can start for free and work their way up to the play-and-earn tier, where they can earn income for completing tasks or reaching milestones. The game features a dual-token model, with the native utility token, DFL, used for trading in-game assets and NFTs, staking and LP incentives, game mechanics, and governance votes. The game’s second token, GOLDY, is used to upgrade and craft NFTs and for in-game micro-transactions. DeFi Land is currently available on desktop, and a mobile version is in development, set to release later this year.

Decentraland

Decentraland is a decentralized virtual reality platform built on the Ethereum blockchain that allows users to buy, sell and create interactive 3D scenes and games. With the platform’s set of developer tools, including a visual scripting tool, users can easily create unique experiences, even if they have no programming skills. The world of Decentraland is represented as LAND, which is divided into parcels and sold to players for the platform’s native token, MANA. The value of each LAND token is determined by its location, with those located near attention hubs and capable of hosting applications being more valuable. Additionally, users have full control over the content published on their portion of virtual land. MANA is also used for purchasing in-game goods and services, making it an integral part of the platform’s ecosystem.

Upland

Upland offers players an exciting virtual property trading game where they can participate in buying, selling and trading virtual real estate based on real-world locations. The game’s interconnected world allows players to explore virtual cities, interact with one another, and take part in events. Moreover, the play-to-earn model of the game rewards players for their efforts by allowing them to earn real-world money using UPX, Upland’s native game currency.

Players can use UPX to mint property NFTs, which can be traded on an open marketplace for both USD and UPX. Unlike many in-game tokens, UPX has a fixed price and is not tradable outside the Upland ecosystem. This encourages players to reinvest their tokens into the game, as there is no token outflow. The game has already paid out over $1.5M to players. Furthermore, Upland takes pride in its thriving and active player base, which contributes to the game’s interconnected community. The developers plan to continue to expand the game by creating a fully realized digital metaverse that includes arcades, marketplaces, businesses and more.

With the continuous advancement of the digital age, the aforementioned metaverse projects – The Sandbox, Illuvium, DeFi Land, Decentraland, and Upland – serve as pioneers in the space. Each offers distinctive experiences that cater to diverse user preferences. From world-building and fantasy gameplay to gamified finance and virtual real estate, these platforms encapsulate the vast possibilities of the metaverse. As they continue to evolve and innovate, they pave the way for a future where virtual and real-world interactions seamlessly intertwine, redefining our perception of reality. Our exploration of the Top 5 Metaverse Projects provides a glimpse into the exciting future of the metaverse.

Top Metaverse Hacks

By
Crypto Research
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The metaverse has largely avoided major platform exploits. However, bridges to these virtual worlds, like Axie Infinity’s Ronin Bridge, have been hacked, with $600 million stolen in the largest incident. As the metaverse grows and integrates more Web3 sectors, it becomes a more attractive target for hackers. Prioritizing security is crucial for the future of metaverse platforms.

No metaverse has suffered a major exploit in its platform layer so far, but bridges to metaverses have been hacked. This could mostly be attributed to the fact that other sectors of Web3, like DeFi, are far more vulnerable and lucrative to hackers. The single biggest exploit related to the metaverse has been related to the infrastructure layer.

Axie Infinity Ronin Bridge exploit: The Ronin Bridge hack is not only the biggest hack in the metaverse but the biggest by value in the entirety of Web3, with assets worth a whopping $600 million50 siphoned by hackers.

Acknowledging the raging popularity of its play-to-earn game, Axie Infinity, the parent company, Sky Mavis, moved the game onto its own network from Ethereum to make transactions cheaper for players; it was a sidechain of Ethereum called the Ronin network. Players could move their assets in or out from the sidechain to the Ethereum mainnet through the Ronin Bridge.

Axie Infinity soon became the highest revenue-generating DApp, with over $1.5 billion in value locked on the Ronin network at its peak.

On March 23, 2022, an attacker managed to obtain four of the Ronin validator keys, which were held by Sky Mavis centralized servers. The attacker then identified a backdoor in the gasless remote procedure call node and successfully obtained access to five private keys, including four validators of Sky Mavis and one validator operated by Axie DAO. According to the Ronin Bridge design, only five out of nine validator keys are required to recognize a withdrawal or deposit event, which allowed the attacker to validate and drain funds from the bridge.

Following the incident, Binance and a16z led a fresh round of $150 million in funding and insured Axie users of reimbursement, preventing a snowball effect from the crisis.

Since then, various attempts have been made to recover the stolen funds, with a government bureau of Norway, Chaina lysis and the U.S. Federal Bureau of Investigation managing to recover $36 million cumulatively.

Although this exploit was not directly related to metaverse technology itself, it serves as a reminder that as the metaverse evolves and incorporates other Web3 primitives lack of major exploits, the metaverse remains a major target like DeFi, it will also inherit their vulnerabilities. Despite the for social engineering hacks, with Arkose abs, a fraud prevention entity, reporting that metaverse businesses face more bot attacks compared to other sectors.

As adoption increases and more valuable data and assets are stored in the metaverse, it will soon be under threat from major exploits. This is reflected in Metas strategy to attract white hat hackers to hack its R AR headsets and reward them up to $300,000 for finding critical vulnerabilities.

Metaverse platforms must ensure that security is their top priority in the coming years if they want to thrive.

In conclusion, the metaverse, despite its relative insulation from major exploits thus far, is not immune to the vulnerabilities that plague other Web3 sectors. The Axie Infinity Ronin Bridge exploit serves as a stark reminder of this fact. As the metaverse continues to grow in popularity, attracting more users and storing more valuable data and assets, it becomes an increasingly attractive target for hackers. Therefore, it is incumbent upon metaverse platforms to prioritize security in their development strategies. The future success and sustainability of the metaverse hinge on the ability to provide a secure environment for its users.

Meet SpaceCatch – The Web3 Game Exceeding All Expectations

By
Crypto Research
-

Just like any other blockchain enthusiast out there, you might be looking for crypto games to try out and maximize your earnings in 2024. And this is great, considering that earning tokens through blockchain-based games can be fun and help you learn how to deal with cryptocurrencies if you are new to the industry. 

But finding a suitable game for you is where the situation gets a little tricky. Each game tries to become famous through its features and gameplay, constantly working on its graphics, tokenomics, and story. But not all of them manage to come up with a high-quality product. 

However, those who build a good strategy and closely follow it may find success. Combining advanced technologies may even get them one step closer to becoming some of the top choices among crypto gaming enthusiasts. 

A promising game is SpaceCatch, which became popular in no time thanks to its tokenomics, an engaged community, and a game concept that will make it impossible to stay away from the project. 

Little by Little, a Little Becomes a Lot

SpaceCatch is a blockchain-based game that surprises users with an intriguing story and a game that could not be better. The SpaceCatch team has been working for a little over 1 year and a half to develop a bright product with promising tokenomics and numerous benefits and opportunities for users. 

SpaceCatch welcomes users to a parallel universe “not so different from ours.” In the SpaceCatch world, the main characters are AI-driven aliens who invaded Earth to use the land for mining biomass. To save their world, humans become Catchers and have the main goals of fighting the aliens and restoring peace on Earth. 

Catchers can build their own weapons, improve existing ones, choose their shields, and find the best ways to defeat aliens, invaders, and enemies. The catch is that players do not know what type of alien they are about to fight until the battle starts, so they will have to be prepared for anything they might face. Thus, they should build a strategy and choose weapons and shields wisely. 

SpaceCatch focused on working with multiple advanced technologies to develop a stunning and engaging game. With the help of complex AI features, AR (Augmented Reality), and 2 game models, SpaceCatch provides a great product that will challenge users in many ways. 

SpaceCatch uses 2 game models: P2E (Play-to-Earn) and M2E (Move-to-Earn). The play-to-earn game model is pretty straightforward, requiring users to fight the aliens and restore peace on Earth. On the other hand, in the M2E game model, users have the opportunity to learn more about both the SpaceCatch universe and augmented reality. 

The move-to-earn game model allows users to simply walk with the game open and explore in-game elements smoothly blended with real-life elements, such as a tree, a building, a car, or a bench. This way, while in the M2E mode, you will likely see an alien on top of your car, next to you in a park, or between the aisles of a supermarket. 

The M2E game model offers users various rewards they can then use to purchase in-game assets. They can also share them with other users who prefer the P2E game mode rather than M2E. 

Get Your CATCH Tokens to Be at the Top of Your Game

Not only did SpaceCatch develop a bright game, but it also worked on a native token that will offer users plenty of benefits. The CATCH token was developed to allow users to purchase in-game assets they can use to improve their strategy and power. 

CATCH allows for staking, meaning users can earn passive income by simply locking up part of their CATCH tokens and waiting for the rewards. But how can you get some CATCH tokens? Well, all we have to say is that you should hurry, as CATCH seems to have become extremely popular. 

With the token presale event that ended recently, SpaceCatch achieved its goal in just a few weeks. The project raised $2,200,000 during that event and does not plan to stop there. The company is already working to start a launchpad round allowing users to purchase CATCH tokens for $0.09. 

Stay Tuned

With an official version close to being launched on the App Store and Google Play, SpaceCatch constantly updates its website to let users know how it progresses. 

Furthermore, to join the SpaceCatch community and be the first to learn about all the updates, you can follow the project’s activity on Telegram, Discord, Twitter (X), YouTube, Instagram, Threads, Medium, and CoinMarketCap.

The Case for Bitcoin in an Institutional Portfolio Research Report

By
Crypto Research
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The fusion of traditional investment strategies with the innovative world of Bitcoin has created a new horizon for institutional investors. This groundbreaking report delves into Bitcoin’s potential to revolutionize asset portfolios, offering a meticulous analysis of its historical performance and strategic importance. It uncovers the compelling reasons driving institutional interest towards Bitcoin and addresses the challenges and opportunities this digital asset presents. With over 120 pages, six chapters, and 94 charts, this report provides a step-by-step guide for institutional investors who want to learn more about Bitcoin.

Download ‘The Case for Bitcoin in an Institutional Portfolio’ Research Report. 

Bitcoin’s Strategic Impact on Institutional Portfolios

In exploring the optimal allocation strategies and time horizons for Bitcoin investments, the report highlights Bitcoin’s unique market behavior. It discusses the balancing act of volatility and returns, providing a nuanced view of how Bitcoin can enhance portfolio diversification. The report also examines the global regulatory landscape, crucial for institutions navigating this new terrain.

Between 2014 and 2023, a portfolio with a traditional 60-40 allocation in stocks and bonds, rebalanced quarterly, achieved a 71% cumulative return. However, this return was significantly enhanced to 157% by incorporating just a 5% investment in Bitcoin. This stark contrast underscores Bitcoin’s powerful influence in portfolio performance, demonstrating its effectiveness as a diversifier and a potential source of higher returns in mixed-asset portfolios.

The report further addresses the infrastructural aspects of institutional Bitcoin investment. It sheds light on the technological and operational considerations essential for incorporating Bitcoin into traditional investment portfolios, emphasizing the importance of security and regulatory compliance.

Expert Insights and Forward-Looking Analysis

The report is a culmination of expert research, drawing on diverse perspectives from finance and technology. It’s an invaluable resource for institutional investors, providing a comprehensive understanding of Bitcoin’s role in the future of finance and offering forward-looking insights into the evolving landscape of digital assets.

Mint and Trade Real-World Addresses Onchain with PropyKeys dApp, part of Propy ecosystem

By
Crypto Research
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January 3, 2024, 10 am EST, Miami, Florida – Today, PropyKeys, a new gamified application, part of Propy ecosystem, introduces a home addresses market onchain. It is a decentralized application (dApp) game, powered by the PRO token and launched on Base, a layer-2 network operating on top of Ethereum and part of the Coinbase ecosystem. Participants can mint their own or someone else’s home addresses onchain and stake or sell later. 

Real estate has long been restricted by barriers to entry such as exorbitant title fees and inefficiencies that blockchain can simplify. Propy and its ecosystem companies aim to make homeownership seizure-resistant, more affordable and user friendly. The $280 trillion market has remained entrenched in a “no trading zone,” but PropyKeys seeks to rewrite this narrative by being a fun entry point to the Propy ecosystem and title onchain. Now, anyone can start their onchain journey by minting home addresses via PropyKeys, and then verifying ownership via Propy, and even creating instant property sales or micro mortgages—all within the onchain Propy ecosystem.

“Imagine a world where every property’s rightful ownership is seamlessly encapsulated in an immutable onchain title”, said Andrew Zapo, lead contributor to PropyKeys. “Picture a future where individuals can effortlessly engage in peer-to-peer property transactions or leverage their property holdings for micro mortgages. This future, underpinned by blockchain’s trustless architecture, redefines property rights autonomy and, in turn, societal norms.”

___

Unlocking Property Ownership


At its core, PropyKeys addresses critical pain points:


Democratized Minting and Trading

PropyKeys allows crypto natives to mint addresses, stake them, and seamlessly facilitate trades with property owners. Address NFTs could be minted for a PRO token fee. Home address holders and real owners of properties of the acquired addresses have the following advantages for the 3 tiers of NFTs. Inherent in the tokenomics strategy is the collection of $PRO as a fee for minting onchain addresses and property titles. This fee structure, while sustaining ecosystem development, simultaneously incentivizes community participation. 100% of the collected fees from addresses are redirected to incentivize and reward the network of address owners, ensuring active engagement and network growth. Additionally, mechanisms such as staking and governance participation offer avenues for token holders to contribute and influence the ecosystem while earning rewards in $PRO tokens.

Additionally, in the future, the community will be incentivized to provide loans for collateralized RWA NFTs via a secure protocol, developed by the Propy ecosystem of partners.


Onchain Titles & RWA NFTs

Property owners can elevate their addresses to onchain titles, enabling them to stake these titles or convert them into Real World Asset (RWA) NFTs. These NFTs facilitate easy sales or micro mortgages, opening new avenues for property transactions.

Trust & Security

Leveraging user trust, PropyKeys champions an onchain, open-source, and community-governed title registry. By replacing paper deeds with algorithm-based systems, the platform guarantees a trustworthy and secure environment for all users. 

Get your real-world address minted today

Visit PropyKeys.com today to mint your real-world address onchain. Join the movement empowering accessible property transactions and ownership like never before.

PropyKeys’s innovation embodies philosophical tenets—trust and transparency. The transition from conventional property registries to blockchain-based onchain titles instills trust in algorithms rather than centralized intermediaries. This philosophical shift reverberates beyond the real estate sphere, transcending into a broader societal paradigm that has started its rapid revolution with programmable decentralized money.

About Propy:

Propy is a pioneering platform leveraging blockchain technology to facilitate seamless transactions of real world assets (RWA), specifically focused on revolutionizing global real estate markets. As an industry leader, Propy specializes in providing secure and efficient solutions, ensuring an enhanced experience for buying and selling properties worldwide.

X (Twitter): https://twitter.com/PropyInc

Facebook: https://www.facebook.com/propyinc

Website: https://propy.com/

Media contact: [email protected]

Disclaimer: This press release contains forward-looking statements and should not be construed as investment advice. The actual results may differ materially from those projected in the forward-looking statements.

The Technological Limitations
of a Blockchain-Based Metaverse

By
Crypto Research
-

In the rapidly evolving digital landscape, blockchain technology has emerged as a key component in the development of the metaverse. The promise of decentralization, composability, and self-custody has made it an attractive choice. Yet, despite its potential, there are significant technological challenges that need to be addressed for widespread adoption. Among these are issues related to storage, scalability, and the high costs associated with maintaining a seamless user experience.

Blockchain is one of the main pillars of the current iteration of the metaverse. It enables users to have full control over their assets, and with the soaring popularity of NFTs and various GameFi projects, blockchain technology has become the de facto choice for new metaverse projects.

However, despite the obvious benefits of decentralization, composability and self-custody, most blockchain-based metaverse projects have a couple of major technological limitations that serve as major roadblocks to mass adoption.

Storage and scalability: Blockchains, by design, are made tohave a limited block size to make the network fast and accessible to its validators and miners. For example, Ethereum’s average block size ranges only between 70 and 100kB49. Storing all the data associated with virtual objects, avatars and other elements of the virtual world would considerably slow down any blockchain currently and would also cost a large amount of gas fees for the metaverse protocol and users alike.

For example, if a metaverse game decides to store all its objects and actions on-chain, a user would have to pay a gas fee for every trivial action they take in the metaverse, even if the metaverse is built on a cost-efficient platform like Solana or Near. The issue of having to sign a transaction for every action would degrade the quality of the experience.

In addition to the storage issue, most blockchains are not scalable and can’t match the transaction throughput of Web2 transaction channels like Mastercard, while the ones that claim to be highly scalable compromise on decentralization. Thus, as more users join the metaverse, the demand for processing power and network bandwidth increases, making it challenging for current blockchain technology to handle the volume of transactions and data associated with the metaverse.

The best of both worlds: Way forward for metaverse?

It is clear that a metaverse solely built on a blockchain cannot have both AAA graphics and decentralization. That’s why it is important for metaverse projects to use blockchain only for the transaction layer while using a Web2 framework for the experience layer. Many upcoming massively multiplayer online role-playing game titles, such as Delysium, are using this approach.

The platforms could utilize traditional graphics engines like Unreal Engine and develop a desktop or mobile application that could then be linked to a blockchain through an API or other integration method. Players could then use cryptocurrency or other blockchain-based tokens to make purchases or engage in other in-game activities through their crypto wallet.

This approach, though simple on paper, is still not mainstream, as it requires a great deal of expertise and financial resources. To develop a fully fledged AAA graphics platform alone, the average costs could be in the tens of millions. On top of that, the project would require blockchain developers and experts, which could again cost the project millions.

The future of the metaverse hinges on finding a balance between the advantages of blockchain and the practical necessities of creating a user-friendly platform. A potential solution lies in leveraging both blockchain and Web2 frameworks, with blockchain serving the transaction layer and Web2 catering to the experience layer. This approach, while promising, is still in its nascent stages and requires considerable resources. Despite these hurdles, it presents a viable path forward for well-funded metaverse projects.

In conclusion, the metaverse’s journey is just beginning, and blockchain technology, despite its limitations, plays an integral role. The successful integration of blockchain with traditional Web2 frameworks could unlock new possibilities, enhancing the user experience while preserving the benefits of decentralization. However, the financial and technical challenges involved in this endeavor underscore the need for continued innovation and investment in the metaverse space.

LFi’s Pioneering Smartphone and Blockchain Initiatives Propel Crypto Adoption

By
Crypto Research
-

LFi, a leading fintech firm, is reshaping the industry with its state-of-the-art products and services. On the top of its line-up is the LFi One, LFi’s flagship smartphone that has been gaining attention for its ability to mint tokens. Moreover, 5000 units have been sold since it launched in September 2023, a testament to the growing momentum of the revolution. 

Demystifying Complexity with LFi

Despite existing challenges in Web3 adoption over the past decade, LFi is committed to overcoming barriers. The company addresses issues such as limited integration into daily activities, complex platforms, and the pursuit of greater decentralization. LFi’s ambitious goal is to introduce blockchain technology to 100 million users within the next five years, promoting secure and interconnected products.

LFi is actively pursuing its vision. The company plans to implement a layer 2 blockchain for fast and cost-effective transactions, introduce Blockchain ID Single Sign-On (SSO) for simplified logins, and prioritize social inclusion. Additionally, LFi has ventured into hardware development with the creation of the innovative LFi One smartphone.

Elevate Your Smartphone Experience 

The LFi One smartphone transcends traditional mobile devices. In addition to standard features like capturing photos and sending messages, it possesses the unique ability to mint LFi tokens. Despite initial skepticism, LFi has proven its capabilities, generating solid anticipation for the activation of its token-minting feature.

Key Specifications of LFi One:

  • Dimensions: 168.7 x 76.9 x 11mm
  • Processor: Octa-Core with Neural Engine
  • Network: Ready for 2G, 3G, 4G, and 5G
  • Memory: 12GB RAM and 256GB storage
  • Operating System: LFi LayerX based on Android
  • Display: FHD+ with 120Hz refresh rate
  • Battery: 6100mAh, providing up to 15 hours of use
  • Camera: Triple AI Camera System with 64MP Main Camera

Watch: LFi Community Unboxes the LFi One Smartphone for the First Time!

Fortifying the Blockchain Community

LFi Chain positions itself as a second-layer blockchain solution on the Ethereum network in mid-2024. This innovative blockchain promises fast and cost-effective transactions governed by a decentralized autonomous organization (DAO) and supported by numerous nodes.

Key Features of LFi Chain:

  • Proprietary and secure blockchain technology
  • Decentralized structure for transparent operations
  • Comprehensive services in a versatile ecosystem
  • Eco-friendly minting protocol
  • Global accessibility without regional restrictions

LFi Token: Ecosystem’s Fuel

The LFi token is the heart of the ecosystem, serving as the primary medium for every transaction within the platform. Its value holds the potential to rise as LFi develops various applications, establishing itself as a key player in the future of blockchain technology.

LFi’s Vision for Global Blockchain Adoption

LFi, along with its suite of products and services, aims to be a catalyst for the widespread adoption of blockchain technology. With the groundbreaking LFi One smartphone making waves and the upcoming LFi Chain, the company is poised to leave a lasting impact on the global digital assets landscape, bringing the benefits of blockchain to millions worldwide.

About LFi

LFi is a blockchain technology company that aims to empower the global fintech movement with new and innovative offerings that combine cutting-edge hardware with next-generation software. Leveraging the power of advanced computing and blockchain technology, LFi seeks to realize a future of financial independence through integrated products and solutions.

Discover More. Dive deeper into LFi’s groundbreaking journey. Visit our website or follow us on social to keep up with our latest updates.

Website 🔗 https://lfi.io/ 

Telegram | Twitter | Facebook | Instagram | Blog | YouTube

Visual Metaverses and their Popularity

By
Crypto Research
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The advent of metaverse technologies, particularly Augmented Reality (AR) and Virtual Reality (VR), has brought about a paradigm shift in the way we perceive and interact with our environment. These disruptive technologies are continuously evolving, pushing boundaries and redefining possibilities. From educational applications to urban planning, these immersive technologies are significantly impacting various facets of our lives.

Undoubtedly visual metaverses are the most popular format for metaverse, but there are two main areas of the visual metaverse that are witnessing the bulk of technology innovation in the AR/VR experience. 

In terms of AR/VR, the focus is still very much on pushing the limits in creating an AR/VR set that could provide an immersive experience along with comfort to the user. Meta just launched its flagship AR/VR Meta Quest Pro, which has significant improvements in performance, display, features and comfort over its predecessor and features both eye and face tracking to accurately replicate it in the user avatar.

The headsets become sleeker every year with most original equipment manufacturers striving to eliminate their clunkiness and make them as natural as standard eyewear like sunglasses or contact lenses. In June 2022, Mojo Labs Vision announced the world’s first AR contact lens. With more technology giants like Apple planning to enter the realm of AR/VR headsets, the innovation is expected to be on the cutting edge. 

The AR APIs also kept getting better. In 2022, Google introduced a new API called the Google Maps Platform for AR, which allows developers to create geospatial AR experiences that are tied to specific locations in space. This means that users can now experience AR content in a much more contextual manner, as the content is directly linked to the physical location of the user.

The innovation in graphics is less dramatic than the innovation in AR/VR, as the graphics industry is more mature. Popular gaming engines like Unreal Engine 5, Unity and Amazon Lumbaryard have already demonstrated that we have reached a point where real-world graphics are possible.

The pace of innovation in AR/VR technologies is staggering. Whether it’s the development of more comfortable and immersive headsets, or the introduction of new APIs allowing for more contextual and location-specific AR experiences, the advancements in this field continue to astound. The graphics industry, though more mature, is not far behind in the race, with gaming engines demonstrating the possibility of real-world graphics.

In conclusion, the world is at the cusp of a technological revolution fueled by AR/VR and metaverse technologies. As we move forward, these innovations promise to further blur the lines between physical reality and digital worlds, transforming how we interact with each other and our surroundings. The future of AR/VR in the metaverse is bright and holds immense potential for humanity.

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