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Project Spotlight : Lost Ape Centauri

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Explore The Lore of the Lost Ape Centauri

Lost Apes travelling from planet Earth to Alpha Centauri on Earth #2. During a journey, before landing, they make 3 stops and than they have to cope with the life on the new planet (different gravity, atmosphere, plants,water and not always friendly animals). Each stop brings the benefits to Lost Apes’ owners like: giveaways, other projects NFT airdrops, power flowers, $ADA staking sharing, airdrop of Lost Ape Hybrids. On top ownership brings you early meet with Alien Ape Tribe and enjoying Battle Royale P2E game.
 
Website : https://www.lostapecentauri.com/
 
Twitter : https://twitter.com/lostapecentauri
 
Discord : https://discord.gg/pgGvqPGSqx
 
Mint Price : 35 ADA
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NFT News

Tether Adds Offshore Chinese Yuan to Its Stablecoin Offering – China Crypto Surge Coming?

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Source: Adobe/Jim

Tether, the company behind the largest stablecoin USDT, has expanded its offerings to include offshore Chinese Yuan (CNH₮) stablecoin on the Tron blockchain. The move will enable Chinese customers to send and receive payments in the stablecoin with fewer fees compared to the Ethereum blockchain. 

In a Tuesday announcement, Tether announced that they are adding CNH₮, a stablecoin pegged to offshore Chinese yuan (CNH), to the Tron blockchain. 

Launched in 2019, CNH₮ was initially available only on the Ethereum blockchain as an ERC-20 token. CNH₮ is one of four stablecoins that Tether supports including stablecoins pegged to the U.S. Dollar (USD₮), Euro (EUR₮), and Peso (MXN₮). 

“We’re excited to bring CNH₮ to the Tron ecosystem,” said Paolo Ardoino, CTO of Tether. “At a time when the crypto market is experiencing immense turmoil, we believe that the best way forward is to keep building.”

Tron Founder Justin Sun also addressed the launch of CNH₮ on Tron, calling it a “Big milestone for crypto and Asia community.” 

Tether’s CNH₮ is currently not tracked by some of the biggest price-tracking websites for cryptoassets, including CoinMarketCap and CoinStats.

However, according to data by CoinGecko, 1 CNH₮ token is currently trading at $0.143427, which is ostensibly well pegged to the price of Chinese Yuan. Furthermore, the token has a market cap of $2,940,750 with a 24-hour trading volume of just over $2,000. 

While Tether claims the launch of “CNH₮ on TRON represents the company’s dedication to pioneering stablecoin technology and bringing the largest and most liquid stablecoins to global markets everywhere,” it remains to be seen if there will be much demand for the stablecoin. 

Meanwhile, cryptocurrency exchange Bitfinex has announced that it would become the first platform to list Tron-based CNH₮ stablecoin. Tether Limited is owned by the Hong Kong-based company iFinex Inc., which also owns the Bitfinex cryptocurrency exchange. Therefore, Tether and Bitfinex are sister companies. 

TRON is a decentralized, open-source blockchain-based operating system with smart contract functionality, similar to Ethereum. However, Tron is both faster and cheaper than Ethereum, which makes it a better option for transactions. 

As reported, China conducted an aggressive crackdown on the crypto space in the country in 2021, which led to almost all Chinese crypto companies leaving the country for more friendly countries. 

However, China has been less aggressive toward digital yuan-backed stablecoins. In fact, Zhang Ping, a researcher at the Chinese Academy of Engineering, said earlier this year that China should issue a digital yuan-backed stablecoin to build an on-chain payment system for China’s Metaverse. 



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NFT News

More than 90% of consumers are curious about the Metaverse: Capgemini

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Despite turbulent market conditions over the last year, the metaverse and its potential utility remain steady in the minds of consumers.

According to data from a new survey by Capgemini, a business and technology strategy advisor, over three-quarters of consumers expect their interactions with brands and individuals to be impacted by the metaverse. 

This also goes for organizations, as 7 out of 10 believe that the metaverse and immersive experiences will be a market differentiator in terms of customer experience.

The report surveyed 8,000 consumers, along with 1,000 organizations in 12 countries across different sectors to understand metaverse competency, interest and impact.

Included in the mix was a group of 380 consumers who self-identified as “metaverse-experienced,” of which three-quarters said they actively participate in the metaverse.

Data revealed that 93% of surveyed consumers said they are curious about the metaverse. Of that number, 51% said they would use the metaverse as it becomes more accessible to them.

Charlton Monsanto, the global immersive experiences offer leader at Capgemini, said the “consumer-facing metaverse” needs to address the challenges of accessibility and privacy among other things in order to move forward.

“The potential of the metaverse is transformative and consumer curiosity remains high.”

Education and accessibility go hand in hand for emerging technologies and remain the biggest challenges for tech-savvy brands to communicate with consumers.

Related: DeFi sparks new investments despite turbulent market: Finance Redefined

The survey also touched on the type of metaverse interactions consumers look for, to which 43% of respondents said they would like to interact with friends and family. This was followed by interactions with colleagues (39%), gaming-related experiences (33%), and commercial activity (28%).

With such an emphasis on connectivity, development in the metaverse has seen a rise in events which allow people to connect with one another, such as festivals and concerts.

Entire nations have even begun using the metaverse to preserve their heritage for future communities to interact with.

Recently, the metaverse developer Animoca Brands announced they will open up a billion-dollar metaverse development fund for startups in the space.



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Bitcoin News

Centralized Crypto Exchange Bybit Integrates Decentralized Exchange ApeX Pro Onto Platform

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Centralized Crypto Exchange Bybit Integrates Decentralized Exchange ApeX Pro Onto Platform



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