As the non-fungible token (NFT) space continues to grow, the blockchain analytics Nansen has published a leaderboards list of the top wallets (NFT collectors) that interact with NFTs on a regular basis. The analytics firm combed through 90 million ethereum wallets and found a number of big market players making moves in the NFT space.
The NFT Ecosystem’s Most Prolific Market Collectors
Non-fungible token (NFT) technology and the supporting ecosystem have grown quite mature in 2021 and it doesn’t seem like it’s slowing down anytime soon. There’s lots of NFT market data coming out too and recorded in real-time. Well known brands, celebrities, and popular organizations are jumping into the NFT fray and all of this is recorded in headlines as well.
Data stemming from nonfungible.com’s 30-day market history shows there were $380 million in NFT sales last month. Now the blockchain analytics provider Nansen has provided statistics on some of the most prominent non-fungible token market players, namely the NFT collectors.
Out of the millions of wallets and transactions scanned, Nansen says that in order to be included on the NFT leaderboard “an account must have bought and sold at least 10 NFTs from over 3 collections.” The leaderboard has different sections which rank by total profit, and leaders of a specific NFT collection. There’s also a tab called the “hodlers tab” in the NFT God Mode section of the leaderboard. The stats Nansen’s leaderboard data shows can be quite interesting and can give some perspective on the top NFT collectors in the space.
Pranksy, Atblank, Natealex, and Snotrocket
For instance, there is the NFT collector dubbed “Pranksy,” who is considered a collector with the best overall profits. “Pranksy is prolific,” Nansen’s report details. “With a total spend of 1860 ETH (currently 3.4 Million USD), Pranksy has spent over 3x the amount of anyone else on the leaderboard,” the researchers add. Pranksy also has covered a lot of collections and spans a total of 86 collections and “in total has purchased 9390 NFTs, of which 2350 have been sold.”
Another player called ”Atblank.eth” has made the best percentage of profit collecting NFTs and is making “5000%+ profit on investment,” according to stats. Another NFT collector called “Danny” is the “biggest spender as the collector has spent 2570 ETH over 7088 NFT purchases. Out of the 7,088 NFTs in Danny’s collection, the collector has only sold 149 according to the Nansen study. Another character dubbed “Snotrocket.eth” is known for having the most NFT collections purchased.
Snotrocket.eth has purchased from 118 different NFT collections and Nansen says the buyer is the “most eclectic.” “Despite this breadth of investment,” Nansen’s report details. Snotrocket.eth has managed to make 145 ETH total profit and only sold 184 out of their 613 NFTs. That degree of total profit is unusual for an NFT collection with such high diversification.” First place goes to Pranksy for “reinvestment” strategies and second place is held by Atblank.eth. Another individual by the name of “Natealex.eth” gets the third-place position for the most consistent returns.
“The NFT leaderboards and wallet profiler represent new ways of gaining insight into the fast-moving and newly emerging NFT ecosystem,” Nansen’s report concludes. “Unlike traditional art-markets, blockchain is able to preserve individual privacy whilst acting as a public treasure-trove of data revealing market trends and buyer strategies. These feature updates enable new and seasoned collectors to curate their own list of notable wallets to develop unique and personal insights into the latest NFT activity.”
What do you think about Nansen’s report on the top NFT market collectors in the space today? Let us know what you think about this subject in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Images via Nansen Study & Leaderboard
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
According to a new research report titled Blockchain-as-a-Service Market Global Industry Perspective, Comprehensive Analysis And Forecast by 2021 – 2028
This has brought along several changes in This report also covers the impact of COVID-19 on the global market.
The report provides revenue forecasts for global, regional and country levels. It also provides comprehensive coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. For the purpose of research, The Report has segmented global Blockchain-as-a-Service market on the basis of types, technology and region
Key Competitors of the Global Blockchain-as-a-Service Market are: Microsoft, Ardor Nxt Group, IBM, SAP, AWS, HPE, Consensys, Deloitte, Infosys, Huawei, Accenture, Oracle.
By Application (Payment, Smart Contracts, Supply Chain Management, Identity Management, Governance, Risk, and Compliance Management, and Others),
By Component (Tools and Services),
By Verticals (BFSI, IT & Telecom, Healthcare, Retail, Manufacturing, Logistics, Government, Media & Entertainment, Energy and Utilities, and Others (Travel and Hospitality & Real Estate))
The ‘Global Blockchain-as-a-Service Market Research Report’ is a comprehensive and informative study on the current state of the Global Blockchain-as-a-Service Market industry with emphasis on the global industry. The report presents key statistics on the market status of the global Blockchain-as-a-Service market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
Regional Blockchain-as-a-Service Market (Regional Output, Demand & Forecast by Countries):- North America (United States, Canada, Mexico) South America ( Brazil, Argentina, Ecuador, Chile) Asia Pacific (China, Japan, India, Korea) Europe (Germany, UK, France, Italy) Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And More.
The research report studies the past, present, and future performance of the global market. The report further analyzes the present competitive scenario, prevalent business models, and the likely advancements in offerings by significant players in the coming years.
Key Questions answered by the Report
What will be the growth rate of the Global Blockchain-as-a-Service Market 2021 for the forecast period 2021 to 2028?
What will be the market size during this estimated period?
What will be the growth areas within the market space and where should the participant focus to gain maximum ROI?
Who are the prominent industries players dominating the Global Blockchain-as-a-Service Market and what are their business strategies to stay ahead in the competition against their rivals?
What are kind of challenges hindering the development of the industry worldwide?
Competitive landscape of the Global Blockchain-as-a-Service Market
What are the opportunities business owners can rely upon to earn more profits and stay competitive during the estimated period?
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards Global Blockchain-as-a-Service market performance
Reports Insights is the leading research industry that offers contextual and data-centric research services to its customers across the globe. The firm assists its clients to strategize business policies and accomplish sustainable growth in their respective market domain. The industry provides consulting services, syndicated research reports, and customized research reports.
Blockchain analysis firm Chainalysis has added advanced investigation and compliance support for six more widely-used ERC-20 tokens. All six crypto tokens are decentralized finance or DeFi related and five of them “specifically belong to top DeFi protocols,” the blockchain firm noted in a recent update.
The Chainalysis team added that, collectively, the six new tokens had over $155 billion of trading volume during Q2 2021, accounting for about 1.4% of all virtual currency trading.
These crypto tokens include:
AAVE: The governance token of Aave, a decentralized lending protocol. It “allows users to borrow assets and earn interest on deposits,” and they also “offer uncollateralized flash loans.”
CRV: The governance token of Curve Finance, a decentralized exchange (DEX) “optimized for efficient stable coin trading.”
renBTC: An ERC-20 token “pegged to the price of Bitcoin.” Through a bridge between the two blockchains, it “allows the permissionless transfer of BTC to and from Ethereum for use in decentralized applications.”
UNI: The governance token of Uniswap, a decentralized exchange and “currently the biggest DEX.”
SUSHI: The governance token of SushiSwap, a decentralized exchange. SushiSwap “began as a fork of Uniswap.”
YFI: The governance token of yearn.finance, a decentralized asset management platform. It “offers yield farming strategies that aim to automatically maximize users’ yield, as well as other services including liquidity provision, lending and insurance.”
The growth in DeFi usage has been “one of the major crypto trends” during the last year, Chainalysis noted while pointing out that in July 2020, DeFi protocols collectively “held $1.8 billion of assets.”
As stated in the report, that figure began “to grow quickly in August, and now, as of July 2021, consistently stands above $60 billion of total value locked in DeFi.” As DeFi usage grows, it’s important that providers such as Chainalysis “adapt accordingly so that DeFi transactions can be carried out as safely as those in the centralized cryptocurrency ecosystem,” the blockchain firm noted in its update.
While commenting on DeFi governance tokens, the company noted that five of the six new tokens they’ve added support for are governance tokens “for popular DeFi protocols.”
While explaining what this all actually means, Chainalysis wrote that the core idea of DeFi is “enabling financial services purely through code run on a distributed blockchain.” Through “carefully designed” smart contracts, DeFi protocols bring together users and investors and “automatically control funds, doing the necessary coordination required for a financial service to operate.”
Due to the security and immutability of the underlying blockchain, the protocol smart contracts “can’t be edited, stopped, or taken down, unless they’ve been specifically designed to allow changes,” the report explained.
The report also mentioned:
“A DeFi protocol shouldn’t let just anyone change the underlying smart contracts as they please, as this could allow the protocol to be hacked and for users’ funds to be stolen. At the same time it may not be ideal to prevent all changes; bugs and vulnerabilities get discovered, improvements are developed, and new opportunities to grow the market appear.”
The report further noted that a select group of individuals or an organization could “permanently be given permission to make changes to the smart contracts, but this goes against the philosophy of decentralization” and that’s where “governance tokens come into play.”
DeFi protocols issue governance tokens to users and project backers, the Chainalysis team explained while noting that the tokens vary “in the exact powers and utility they provide to the holder, but nearly all provide the power to propose and vote on changes to the associated DeFi protocol.”
They also noted that this works “much like shareholder votes, with code changes or fund distributions put forward to be voted on and potentially enacted on-chain. Each governance token gives the holder a specific number of votes.” The “more tokens you hold, the more votes you get,” the company noted.
It also mentioned that different protocols allow “different levels of flexibility in the changes possible but can include things like changing financial variables, adding new features, blacklisting certain users, repairing vulnerabilities, distributing fees, spending development funds, and more.”
As explained by Chainalysis:
“Usually some of the governance tokens are set aside on launch for the initial project backers such as the development team and investors, similar to startup equity. However, most of the remaining tokens are distributed publicly based on usage of the DeFi protocol, a bit like a rewards program. They’re not exclusively distributed to liquidity providers, as users of the service can receive them as well. Each time you do a swap on a DEX or act as a liquidity provider, you can earn governance tokens. This gives power to those who use the protocol most and incentivizes them to continue using it.”
Some other key features added to governance tokens include:
Requiring holding or spending of governance tokens in order to use the protocol, e.g. to pay fees or as liquidity
Discounts or improved rates for holders
A share of the profits earned by the protocol
Staking to provide additional security or insurance
Access to additional features or services
The voting rights and features such as the above may give governance tokens value. Just like nearly everything in crypto, governance tokens may be traded and as the usage of DeFi protocols has grown, “so has the popularity of trading their tokens.”
Chainalysis further noted that users who aren’t so interested in the governance of the protocol can “earn tokens as they use the protocol and then sell them.” The value of governance tokens can “therefore work like a rewards scheme, giving financial incentive to use the protocol,” Chainalysis explained.
Government agencies will be able to access, authenticate or approve documents and data related to startup compliances through the blockchain framework
The framework will allow agencies instant access to documents for verification in tax processes and more
Earlier this year, the government was reported to be forming a panel to formulate a roadmap for regulations and use of blockchain in India
Looking to reduce the compliance burden on startups, the Indian government is reportedly in the process of building a blockchain-based validation framework that could simplify the submission of documents to various agencies.
At the moment, startups have to make separate submissions to regulators, intermediaries and authorities that increases not only the time related to compliance but also leads to duplication of efforts.
Central Board of Direct Taxes (CBDT), banks, public sector undertakings (PSUs), non-banking financial companies (NBFCs) and other regulators will be allowed to verify documents before providing financial or other assistance to startups through this single-window blockchain platform. These agencies will be able to access, authenticate or approve documents and data related to startup compliances through this framework.
According to an ET report, the Department for Promotion of Industry and Internal Trade (DPIIT) is currently working on building this system.
Each DPIIT-recognised startup will have four identifiers, a certificate number, name of the entity, incorporation number and blockchain ID. Using these, any official stakeholder can access documents or applications submitted by startups.
The platform can be utilised by government departments, PSUs, banks and investors to verify the authenticity of the information submitted by startups, as per an unnamed official quoted in the report. The official claimed this would enable quick turnaround in inter-departmental verification processes.
Under the system, different departments and bodies will be empowered to use the documents for their regulatory purposes. For instance, PSUs can check certificate authenticity, while the income tax department or CBDT can verify details before granting tax exemptions. Similarly, the government e-Marketplace (GeM) can validate startup certificates before onboarding them as vendors.
The blockchain-based system is expected to ease data sharing as all documents will be available in a decentralised ledger.
Reports from earlier this year suggested that the central government is likely to form a fresh panel to formulate a roadmap for regulations and use of blockchain in India. Regulations in blockchain could pave the way for official deployment of projects such as decentralised records and other governance applications.
CHICAGO, July 30, 2021 /PRNewswire/ — Beyond Protocol, a new blockchain project currently operating in stealth mode with plans to launch this fall, announced the first-ever application of their cutting edge blockchain-ledger technology within the field of rare collectibles. Through a partnership with BRKRZ and Beckett Collectibles, LLC, (“Beckett”) select winners of valuable sneakers and ultra-rare trading cards at tonight’s National Sports Collectors Convention will be able to have their wins recorded securely on the blockchain, and probabilistically unable to be modified, through Beyond Protocol’s blockchain-ledger technology.
To launch this technology, Beckett and BRKRZ are set to host a live box-break event at tonight’s National Sports Collectors Convention, where former Miss Global USA and Beyond Protocol Spokeswoman Maurah Ruiz will unveil two valuable pairs of sneakers owned by acclaimed UFC fighter Jorge Masvidal, who holds the record for the fastest knockout in the Octagon. Two winners of these sneakers will have their wins recorded securely on the blockchain through Beyond Protocol’s blockchain-ledger technology, rendering these recordings probabilistically impossible to be hacked or modified.
After the sneaker event, Beckett will grade ultra-rare trading cards as part of a separate box break with Masvidal and the winners of those valuable cards will have their wins recorded through Beyond Protocol’s technology. The MMA star has multiple parallel and autograph cards in the highly collectible set.
“Our team is thrilled to unveil our first-ever use case of our groundbreaking technology, especially in the exciting world of rare collectibles,” said Jonathan Manzi, CEO and co-founder of Beyond Protocol. “With nearly limitless possible uses of our code, this is the first of many industries we plan to bring an unseen level of security and transparency through our blockchain technology.”
To learn more about the unique technology behind this event, check out Manzi’s latest explainer video here.
About Beyond Protocol:
Beyond Protocol is a distributed ledger technology project that offers a secure and probabilistically un-hackable solution to inter-device/Internet of Things (IoT) communication. With one line of code, Beyond Protocol’s platform enables secure message brokering between devices through the utilization of blockchain technology and unique hardware signatures, and equips devices with a cryptocurrency-based payment gateway for automated, behind-the-scenes transactions. Beyond Protocol seeks to build real, practical solutions for device security and payments within an economy of machines.
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Fleming Island, FL, July 30, 2021 (GLOBE NEWSWIRE) — Everything Blockchain, Inc., (OTCMKTS: OBTX), an advanced software architecture, development, and services company specializing in blockchain technologies and decentralized processing, announced today that its closing the acquisition of 100% of Vengar Technologies LLC, developer of a Zero Trust Data Protection software the Company intends to integrate into its Blockchain solutions. The $5.05 million acquisition is Everything Blockchain’s fourth strategic acquisition in the last 120 days.
Vengar Technologies, formed in 2019, with operations in Texas and headquartered in Tampa, Florida, has developed a Zero Trust Data Protection solution that is scheduled to appear under its first OEM license in 2022 with a projection of $45 million in booked revenue over the next three years.
Zero Trust Network Access (ZTNA) has replaced the traditional “castle & moat” cybersecurity approach where you were trusted by default if you were inside the “trusted” network boundary. However, the traditional notion of a network perimeter no longer exists and there is no certainty about who might be inside your network or stealing your data. To combat this, an emerging trend is to implement a “zero-trust” network environment. In this scenario, no one is trusted (whether inside or outside of the network) without the user’s identity first being authenticated and usage rights validated. Much work has been done recently to define and build zero-trust network architectures. However, a void has remained in applying zero-trust concepts to data itself. Vengar Technologies is the pioneer in bringing zero-trust to data.
Toney Jennings, the co-founder of Vengar Technologies will continue to operate the business along with Brandon Hart, Vengar Technologies’ co-founder and Chief Architect and Designer. Toney Jennings is a successful serial cybersecurity CEO with a career spanning almost three decades. Brandon Hart has spent more than 15 years developing zero trust and data protection solutions.
Eric Jaffe, the Company’s Chief Executive Officer, stated, “The addition of Toney and Brandon to our team stacks Everything Blockchain with the brightest minds in Zero Trust and Blockchain. Our OEM solution gravitates us from the project-oriented business to a sustainable recurring revenue model.”
Toney Jennings, Vengar Technologies CEO stated, “This merger is the marriage of ZTNA and Blockchain. Brandon and I are excited to work and collaborate with the Everything Blockchain team as we move into a new chapter for Vengar. We believe our combined efforts will have a profound impact on our customers’ ability to defend themselves in an increasingly hostile cyber environment.”
Horizon Blockchain Games is — as the name implies — a company building games on the blockchain, along with tools to help others do the same.
The company announced today that it has raised another $4.5 million, bringing its total raised to a little over $13 million.
Horizon’s first game is Skyweaver, a competitive digital trading card game that taps the blockchain to give players more realistic ownership of their virtual cards. Once earned through competition with other players, cards can be sold, traded or taken out of the system and put in storage.
Horizon is working down two paths in parallel here: On one path, they’re building an Ethereum-powered platform called Arcadeum for handling in-game items — establishing who owns any specific instance of an item, and allowing that item to be verifiably traded, sold or given from player to player. Once an item is in a player’s possession, it’s theirs to use, trade or sell as they please; Horizon can’t just take it away. In time, they’ll open up this platform for other developers to build upon.
On the other path, the company is building out its own game — a digital trading card game called SkyWeaver — meant to thrive in its own right while simultaneously showcasing the platform.
“Arcadeum” mentioned above has now been rebranded as “Sequence,” an easy-to-integrate wallet system that aims to hand-wave away the complexities of the blockchain. They want to let users buy and store their digital goods on the blockchain without either the user or an app’s developer really having to think about the blockchain. Horizon co-founder Michael Sanders tells me the rebranding comes with an overall broadening of its focus; the “Arcade” in “Arcadeum” suggested it was all about gaming, whereas the aim is to help manage all kinds of digital items, from virtual gaming goods to NFT art and beyond.
The Horizon team often mentions being built to support “Web3,” a term I’ve been hearing more and more lately. In short (or, at least, as best I understand it), Web3 is a category of online-but-decentralized apps, services and games built around the blockchain (Ethereum, in this case) to give individual users more control of their data. The Ethereum foundation has a breakdown of the concept here.
A match in Skyweaver. Image Credits: Horizon Blockchain Games
Horizon originally intended to open Skyweaver up more broadly in 2020; as of this morning it’s still in private beta, with plans to open widely later this year. Sanders tells me they’ve let in over 66,000 players so far.
The company says that investors in this round (a “pre-Series A round SAFE”) include CMT Digital, The Xchange Company, BITKRAFT Ventures, Khaled Verjee and Zyshan Kaba.
https://vixencrypto.com/wp-content/uploads/2021/07/skyweaver-match.jpg6471149Stevehttps://vixencrypto.com/wp-content/uploads/2019/12/vixen-crypto-currency-blockchain-300x138.pngSteve2021-07-29 23:45:212021-07-29 23:45:21Horizon Blockchain Games raises $4.5M for its NFT trading card game and wallet – TechCrunch
Lee Bratcher was featured in Dallas Innovates’ Future 50 in Dallas-Fort Worth in the 2021 edition of our annual magazine. We checked in with the Texas Blockchain Council president on his council’s mission, its recent big wins in the Texas Legislature, and what’s next.
EDUCATION Blockchain Booster Lee Bratcher
Bratcher, who teaches political science and directs the master’s program in international studies at Dallas Baptist University, helped launch the Texas Blockchain Council (TBC) in early 2020. After less than 18 months, it’s helped moved Texas forward in big ways.
Bratcher told us earlier this year that the council aimed to make Texas “the jurisdiction of choice for blockchain innovation.” Two big steps to make that a reality happened in the recent Texas Legislative session with the passage of HB 1576 and HB 4474.
“HB 1576 establishes a blockchain working group for the State of Texas for the purpose of producing recommendations to the Legislature and the Governor’s office on ways in which the state should be utilizing and investing in blockchain,” Bratcher explained.
“HB 4474 makes Texas the second state in the country to define, for the purpose of business law, what a virtual currency is and how a security interest in a crypto currency can be perfected. This puts Texas on par with Wyoming as far as friendly jurisdictions for blockchain and cryptocurrency.”
Bratcher and the council worked closely with Representative Tan Parker and Senator Angela Paxton to help guide both bills to Governor Abbott’s desk.
Governor Abbott’s on board
“Governor Abbott has signed both of these bills into law,” Bratcher noted. “Furthermore, the Texas Department of Banking has issued guidance that Texas chartered banks can custody digital assets. This means that your bank, assuming the proper procedures are followed to confirm to existing regulatory guidance, can custody your Bitcoin, Ether, tokenized real estate, or other digital asset. This is big news for industry.”
Watch out Wyoming?
Bratcher downplays the competition with Wyoming, which beat all other U.S. states in the blockchain- and crypto-friendly game by passing legislation as early as 2018 that cleared up the treatment of digital assets in commercial law. Just this month, Wyoming approved legal status for the American CryptoFed DAO, a decentralized autonomous organization with a mission to introduce a new monetary system. The move makes it easier to promote mass acceptance of digital currencies.
Texas has now become the second state to recognize blockchain and cryptocurrency in its Uniform Commercial Code. Still, it has a long way to go to catch up to Wyoming’s legislative leaps, with more regulatory clarity needed on things like liens placed against digital currencies.
But moving things forward is what the TBC was designed for. And Bratcher knows Texas has some things that Wyoming doesn’t.
“Texas is the second-largest economy in the United States, and our congressional delegation is 10 times the size of Wyoming’s,” Bratcher told crypto news service Cointelegraph. “We have much more influence in D.C. We just want to affirm what Wyoming is doing and come alongside them with a big economy and congressional delegation.”
A critical issue not just for Texas, but for the U.S.
“The U.S. will not retain our economic dominance if we remain on the sidelines in the development of the internet of value,” Bratcher wrote in a recent blog post. “The Texas Blockchain Council exists to make sure that Texas leads the way in prioritizing this new infrastructure for creating, registering, and transmitting value. The size and dynamism of the Texas economy make it an ideal place to host innovative companies working on blockchain and other emerging technology solutions—and the TBC wants to ensure that our state regulatory environment supports that promise.”
Next step: The Texas Blockchain Summit
Bratcher has a big day looming in October.
“We’re planning a large conference in Austin on October 8th,” he said. “The Texas Blockchain Summit will be a blockchain policy and digital assets conference. This conference will highlight Texas as we become the jurisdiction of choice for blockchain innovation.”
Preparing for the summit is taking up most of Bratcher’s time these day, but it hasn’t stopped the council from onboarding new members. He says new members are joining weekly, with the TBC’s membership growing from 20 member companies last year to more than 50 in 2021.
Strategic partners and member companies
The TBC’s strategic partners include Hedera Hashgraph, Hyland, Compass Mining, Whinstone US, Argo Blockchain, Blockcap, Rhodium, and Quinbrook Infrastructure Partners.
Its member partners include Trammell Venture Partners, the Houston Blockchain Alliance, Level III Capital, FTI Consulting, Zabo, Foley and Lardner LLP, Reveille Capital, Crestline Solutions, Dallas Baptist University, Unchained Capital, and many others.
TBC’s core mission
To make Texas the “jurisdiction of choice” in blockchain innovation, the TBC has a number of core goals.
“We exist to amalgamate the influence of our members, to advocate for blockchain-centric public policy initiatives, to educate members of government about the benefits of blockchain technology, and to provide subject matter expertise on topics related to blockchain and distributed ledger technology,” Bratcher said.
“We’re working collaboratively with [our strategic partners and member companies] to achieve our public policy goals and to generate business development partnerships both within the private sector and through public/private partnerships.”
The future of blockchain
“Blockchain and digital ledger technology can transform the way that we transmit value and the way we certify all manner of transactions and interactions,” Bratcher said. “In an interview with McKinsey & Co., Dan Tapscott, the CEO of Tapscott Group, suggested that one could ‘pick any industry, and this technology holds huge potential to disrupt it, creating a more prosperous world where people get to participate in the value that they create.’”
“The Texas Blockchain Council is one of many organizations working to prepare the groundwork for this kind of transformation.”
Motivating members in challenging times
The TBC accomplished big things in the last year despite all the impacts of the COVID-19 pandemic. Now, with the Delta variant causing renewed concern across the U.S., uncertainty is on the rise again. But Bratcher says that won’t stop the TBC’s progress—and the goal of seeing its mission fulfilled in Texas,
“The Texas Blockchain Council is a nimble organization with all of our team members and board of directors working on a volunteer basis,” he said. “Our passion to see this industry succeed and our expectation that this technology will bring about greater human flourishing is how we stay motivated and build resilience.”
Read the magazine
Bratcher was featured in our fourth annual magazine, Dallas Innovates 2021: The Resilience Issue, which highlights Dallas-Fort Worth as a hub for innovation. The collective strength of the innovation ecosystem and intellectual capital in Dallas-Fort Worth is a force to be reckoned with.
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R E A D N E X T
Nonprofit BUiLT is hosting the event to highlight the success and possibilities of Black tech talent in the region. “There is no talent pipeline problem,” says Peter Beasley, co-founder of the Blacks United in Leading Technology International. “Black tech talent is widely available, especially in North Texas.”
There are plenty of things to do with your physically distanced time. Here are a few from our curated selection.
France’s Atos acquires Dallas-area companies Nimbix and Visual BI; The Dallas Foundation awards $1 million-plus in scholarships; Pizza Hut drops a its first-ever Tastewear fashion line; Keurig introduces connected tech platform; Dallas Foundation announces $1M in scholarships; Top 10 stories of the week; and more news from North Texas. Plus, you’ll find our top 10 most popular stories.
These quotable North Texans inspire, inform, motivate, or simply make us laugh. Have wise words of your own? Let us know. You can also sign up here to get “The Last Word” in the Dallas Innovates e-newsletter each weekday. Wednesday, July 28 “It’s a time of peril and possibility.” Jim Coulter Managing Partner TPG Rise Climate …on the challenges and opportunities of global climate solutions. Carbon, prepare to be crushed. Yesterday Fort Worth- and San Francisco-based TPG Rise Climate announced it had raised $5.4 billion in subscriptions to its inaugural fund. The goal: invest in entrepreneurs and businesses building climate solutions…
The hybrid event in August will take place in person at SMU and virtually. The seventh annual Dallas Startup Week powered by Capital One is Dallas-Fort Worth’s largest event focused on driving entrepreneurial success, economic impact, and innovation in the region.
https://vixencrypto.com/wp-content/uploads/2021/07/FUTURE50-2021-box-ICON-WHITE-150x150-1.jpg150150Stevehttps://vixencrypto.com/wp-content/uploads/2019/12/vixen-crypto-currency-blockchain-300x138.pngSteve2021-07-29 11:43:002021-07-29 11:43:00Could the Texas Blockchain Council Turn Texas Into America’s Blockchain and Crypto Capital? » Dallas Innovates
EY, together with government and industry representatives, have created a far-reaching blockchain solution to address challenges in the cross-border withholding tax process.
Currently, there are some inefficiencies and complexities with the international withholding tax process in relation to dividend distributions. The goal for TaxGrid is to address these and improve tax compliance to nearly real-time, benefiting investors, financial institutions and tax authorities alike.
“Blockchain technology as a remedy to the withholding tax challenge is no longer just a concept,” said Hank Prybylski, EY global vice chair of transformation, in a statement. “This project shows that in the near future, industry and governments may be able to reconcile legal and technical issues, flex to address disparate demands of taxpayers and tax authorities, and promote digital transformation.”
TaxGrid is also designed to help financial intermediaries coordinate the timely exchange of investor information across a network to meet contractual obligations and, potentially, regulatory requirements, while protecting confidential investor information.
The solution uses blockchain technology to automate, decentralize and share tax and financial information more securely between financial intermediaries and tax authorities by creating a kind of shared record book of all dividend transactions, to help with taxation of dividend income at the source. TaxGrid is built to simplify the process for obtaining the correct tax treatment while reducing governments’ exposure to fraud.
To safeguard data privacy and confidentiality, the TaxGrid uses privacy technology to help protect investors’ sensitive information and commercial confidentiality. Zero-knowledge proof is a key feature of blockchain technology, allowing one party to prove it knows a certain piece of information or value, without revealing the actual information.
TaxGrid was developed in collaboration with government tax authorities, including the United Kingdom’s HM Revenue & Customs, the Netherlands Tax Authorities and Norway, along with companies including BNP Paribas Securities Services, Citibank, JP Morgan Securities Services, Northern Trust, APG Asset Management, PGGM Investments, and EY teams ,as well as two invited academic institutions: the Vienna University of Economics and Business, and the Tax Administration Research Center at the University of Exeter in the U.K.
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While gaming and eSports come from the same origins, the difference between standard video gaming and eSports is competition – human versus human – and usually has a spectator element to it, like traditional sports.
The revenues generated are also vastly different.
Gaming traditionally also was dominated by the whims of gaming companies and while players would purchase in-game items, they never really owned these digital artifacts and indeed could lose them if the game company folded.
Blockchain changed the rules and NFTs allowed for ownership of digital items beyond the game itself – thereby opening a way for people to play and to earn an income from the game.
During the pandemic, when people lost their jobs or indeed were not allowed to leave their homes, an ability to earn money out of thin air became a thing.
Leah Callon-Butler, a columnist with CoinDesk, first wrote an article and then made a mini-documentary about people in the Philippines who used a Vietnamese game called Axie Infinity to earn money while housebound. Axie Infinity is a decentralized application (dApp) on the Ethereum blockchain where players breed, raise, battle and trade adorable digital creatures called Axies.
“This popular blockchain-based game is even providing pathways out of poverty,” Callon-Butler explained.
While the sums were not huge by Western standards, they provided a much-needed income for a variety of players ranging in ages from students to grannies.
Filmed in January 2021, the Play-to-Earn documentary reports on a rural Filipino community that began playing Axie Infinity to earn an income during the COVID-19 pandemic, with top players earning up to USD $400 per month.
One couple featured were Lola, 65, and Lolo, 75, who had been confined to their home throughout the pandemic and were fearful of contracting the virus. Their sari-sari shop (convenience store) used to generate up to PHP3000 (USD $60) per day, but since the lockdown, the store rarely brought in a daily income of PHP 300. Playing up to 100 Axie games every day, they use the money earned to buy medicine.
Other popular games such as Splinterlands can attract big followings and the collectable cards reach huge five-digit sums.
Splinterlands is a digital trading card game that uses a blockchain as the backbone, which enables players to play anytime, trade anytime, and earn every win. Originally Splinterlands was branded as Steem Monsters as it was founded on the Steem blockchain, which was best known for the blogging application Steemit.com. They moved the game to a fork of Steem called Hive in June following the hostile takeover of Steem by Tron’s Justin Sun.
Other elements to make the game more friendly to non-crypto gamers are the ability to earn while playing and managing keys for new players. Traditionally earning in a trading card game is really only available to professional gamers. But by utilising a blockchain Splinterlands enables payments to players when they win matches.
Players do not need to first own or hold crypto to start playing, which is different from games built on other platforms. Players with no wallet or key management experience can start playing with nothing more than a username and password. The game will manage keys until such time as a player may wish to take control. Lastly, the game is quick. A game lasts just a few minutes meaning it’s easy to fit a bunch of matches into a day.
Game changers indeed, but gaming opportunities are small fry when compared to the burgeoning world of eSports and in particular the money to be made in online tournaments.
It is predicted to soon start attracting even larger crowds than regular sports such as soccer, football, ice hockey, and baseball.
Consulting firm Activate predicts that in the US, eSports will have more viewers than any other professional sports league except for the NFL. The eSports audience is expected to grow to 796 million global viewers by 2024, a nearly 200% increase from present-day numbers
Global eSports revenues will grow to $1,084 million in 2021, a year-on-year growth of +14.5%, up from $947.1 million in 2020 according to the Newzoo’s Global Esports & Live Streaming Market Report 2021.
eSports look and feel like regular games with players, prizes and tournaments – only everything is online and the only muscles flexed are the brains. 75% of the revenue is generated by sponsorships and advertising but only the big names – and those with streaming followers – make money. Other players average less than $5 per year.
The global eSports viewership currently stands at 496 million people worldwide. In 2020 alone, there was a 70% increase in the number of eSports viewers in the US, most likely because of the pandemic.
Indeed, many believe that eSports titles will be officially included as part of the Olympics in the near future.
So while there are big sums to be earned in eSports, these large incomes are typically reserved for the top pros who use streaming to generate their funds. What if you wanted to play eSports and earn but were on the shy side?
There is an answer: Bitspawn. Bitspawn was formed with the goal of creating a decentralized, intelligent, and automated esports platform. By creating partnerships with the large game publishers (Activision, Electronic Arts, Ubisoft, etc.), platform providers, such as Steam, and existing esports platforms/organizations, Bitspawn is creating a decentralized hub where gamers can compete against each other, build communities, gain exposure and recognition outside of the traditional ladder system, and earn massive rewards.
That’s the clue in the penultimate word – ‘massive’. Rewards no longer only available to the professional eSports streamer.
Founded by former competitive gamer Eric Godwin, he says that Bitspawn was created with the goal of enabling more than two billion gamers around the world to develop new streams of revenue and income outside the traditional areas of streaming and content creation.
“We have some competitors in the space both in legacy tech and the blockchain side,” he says.
“All of our competitors are centralised solutions and don’t allow users to build their own competitive marketplaces or communities directly on chain.
“We are one of the first competitive and social gaming infrastructure platforms, instead of being a gaming DApp. We have our main web app, bitspawn.gg, but with the launch of our network token and blockchain, users will be able to create their own apps.”
With Bitspawn, players do not need to be professionals to earn revenue. There are a number of ways for users to earn money outside of playing directly for prize pools.
For example, gamers can earn money by hosting tournaments and events, growing their gaming communities, managing teams, providing prize pool liquidity to events and earning interest, and creating NFTs.
He even says that it’s not necessary to be a gamer to earn money with Bitspawn. “You can use our DeFi tools to lend liquidity to gaming events and earn interest.”
NFTs will be one of the ways to earn money on the Bitspawn ecosystem having real value outside of the art themselves. For example, the NFTs will grant XP bonuses on Bitspawn, access to exclusive events, discounts on entry fees, etc. Players will be able to lend out their NFTs to others who would like to utilize those intrinsic bonuses to gain an edge.
There’s also a verified function of the platform for NFT artists, that will identify the authenticity of their work.
“Bitspawn will be partnering with artists to work on NFTs for our own web app, but with our open source solution, you can create your own gaming NFT marketplaces,” Eric explained.
“We are a protocol where you can build your own ‘chaingames’ style app. We give you the freedom to build your own competitive marketplaces and communities.
On trust within the platform
“We ensure payout for all events is trustless, and players always receive their winnings. Organizers cannot hoard prize pools or take more than they deserve. In the long term, Bitspawn will be running its own leagues from the amateur to professional level.”
He is also looking to protect the noobs with a ranking and matchmaking methodology so that new gamers or casual players won’t get matched up against pros unless they want to.
Bitspawn recently went through its first round of successful funding with investors like SMO Capital, Dext Force Ventures, Moonwhale, CSPDAO, Trustdao Capital, Black Dragon, Fairum, Revelation Fund, Infinity Capital, and others.
So there you have it – it’s an ill wind that blows no good. The pandemic may have forced people indoors and in some cases cost them their livelihood. But on the flip side, new ways of earning – and in some cases serious money – have emerged. What do they say – if you love what you do, you’ll never work a day in your life. Someone should tell the gamers to get online.
https://vixencrypto.com/wp-content/uploads/2021/07/Lolo-Silverio-_-Lola-Virgie-16-960x540.jpg540960Stevehttps://vixencrypto.com/wp-content/uploads/2019/12/vixen-crypto-currency-blockchain-300x138.pngSteve2021-07-28 11:40:112021-07-28 11:40:11Are eSports and blockchain gaming coming of age?