Connect with us

Press Release

DYP Founder Purchases a BAYC NFT Ahead of the DYP PAW NFT Collection Launch

redfly.eth

Published

3 years ago

on

A Twitter post by the DeFi Yield Protocol’s CEO and founder, Mihai Nicusor Busica revealed his purchase of an NFT from the Bored Ape Yacht Club collection on January 3. The Bored Ape Mihai acquired is #1112, which he paid a whopping 80 ETH for, equivalent to $304 000. 

His announcement comes two weeks before the launch of the protocol’s NFT collection, the Cats and Watches Society collection. The event set to unroll on January 17 will also entail the launch of its V2 marketplace. 

According to Mr. Mihai, his first purchase from the BAYC collection is his way of showing his support towards NFTs. Furthermore, he considers it the best time to join the BAYC movement, before the launch of the DYP NFT collection.

So far, the BAYC collection has been making a name for itself in the market, holding some of the most coveted pieces in the space. According to a Dune Analytics report, the collection has garnered over $500 million since the start of its sales. 

The collection contains 10 000 of the Bored Ape NFTs, with some selling as high as over 700 ETH. Mr. Mihai is now among the many who have invested in BAYC, considering notable figures, such as Snoop Dogg, Eminem, Jimmy Fallon, Post Malone, Steve Aoki, and more.

The Cats and Watches Society Collection

The Cat and Watch Society collection is a brainchild of the DYP protocol, leveraging the support of the Binance Smart Chain, Avalanche network, and Ethereum blockchain. The collection, also dubbed PAW, will be inclusive of 10 000 cats with 182 traits for any interested party to choose from, including clothes, color, watches, to mention but a few.

To avoid bias during the sale, the protocol will ensure that every PAW NFT sells at the same price; that is, $250 dollars for every Cat, while eliminating price tiers to prevent price differences. 

Owning a Cat gives you exclusive access to members-only benefits, including access to the marketplace and a Society Account. However, you need to own a Metamask wallet account for the process to be complete. Additionally, Cat holders will receive rewards from 20% ((10% from minting fees and 10% from selling fees) of all sales made every week.

DYP Could be the Next Big Thing in NFTs

DYP and its team are taking advantage of the greener pastures that the NFT market is laying out for crypto enthusiasts. While the step by its founder could seem like a rash decision, it stands as an indicator of his faith in the sector.

Furthermore, the creation of the Cats and Watches Society collection can open more doors for the protocol as a viable investment opportunity. As it stands, it has managed to bury its roots into the DeFi industry, offering lucrative yield farming opportunities while protecting its investors from market manipulation.

The collection wishes to speak of novelty through its NFTs while offering watch enthusiasts a chance to make the most out of the trendy elements present. Nonetheless, there is more to come, which means greater potential for the PAW collection. 

Soon, the cryptoverse should expect more, including a PAW metaverse, a Play-to-Earn opportunity for holders, PAW staking options, free watch minting, and more. These steps combined with its marketplace will make DYP a crucial part of the current and future NFT market.

About DYP

The DeFi Yield Protocol (DYP) is a unique platform that offers solutions for yield farming, staking, NFTs, and enabling users to leverage the advanced trading tools of the DYP. The DYP made history in the DeFi space by becoming the first and only protocol to reward users in Ethereum. The protocol employs an anti-manipulation feature that aims to limit the market impact on users’ converting rewards into ETH and other native platform tokens. 

Website | Twitter | Telegram | Medium | Discord

Related Topics:
Continue Reading

Press Release

Introducing the Plena App: A Revolutionary Crypto Super App

Team Bitcoin Daily

Published

3 days ago

on

July 24, 2024

By

We are excited to announce the launch of the Plena App, a groundbreaking crypto super app that seamlessly blends the security of self-custodial wallets with the convenience of centralized applications. Today marks a significant milestone in the world of cryptocurrency as we introduce a platform designed to revolutionize how users interact with digital assets.

What is Plena?

The Plena App is an advanced crypto super app that offers users unparalleled security through self-custodial wallets while providing the ease of use typically associated with centralized applications. With Plena, users can invest in over 100,000 cryptocurrencies, manage transactions, perform asset swaps, and bridge assets with just a single tap. This innovative platform leverages Account Abstraction technology, making it the first of its kind in the crypto space.

Key Features

– Self-Custodial Wallets: Plena ensures users have complete control over their digital assets, combining robust security with user autonomy.

– Comprehensive Investment Options: With access to over 100,000 cryptocurrencies, Plena provides diverse investment opportunities.

– Seamless Transactions: Facilitating quick and easy transactions, Plena makes managing your crypto assets straightforward and efficient.

– Asset Swaps and Bridging: The app allows for effortless asset swaps and bridging, enhancing flexibility and usability for crypto enthusiasts.

– Account Abstraction Technology: Plena’s innovative use of Account Abstraction technology sets it apart, offering a unique and superior user experience.

 Launch Details

We are proud to officially launch the Plena App today. This pioneering platform is set to transform the crypto landscape, providing users with a secure, convenient, and innovative way to manage their digital assets.

Contract Address: 0xed68931e351ee97e8f77c64181475a6e3f2bd573

Join us in this exciting new chapter of cryptocurrency innovation. Visit our website or follow us on X to stay updated with the latest developments and features of the Plena App.

For more information, visit our website or follow us on X.

Website: http://www.plena.finance

X:http://x.com/PlenaFinance

Token: PLENA

Continue Reading

Press Release

How Bitcoin Lotteries Work and Differ from Conventional Lotteries

Crypto Chain Wire

Published

4 days ago

on

July 24, 2024

By

The world of lottery just got an upgrade and it is global, secure, and powered by the future of finance: Bitcoin.

In this article, we dive into the exciting world of Bitcoin Lottery which offers a seamless and transparent experience. We will break down what Bitcoin lotteries are, how they work, and what sets them apart from your conventional lottery system.

What is a Bitcoin Lottery?

Bitcoin lotteries work like traditional lotteries but with a modern digital spin. Instead of using fiat currency, participants use cryptocurrencies like Bitcoin.

Here’s how it works: you buy a lottery ticket with cryptocurrency, choose your numbers, and wait for the draw. If your numbers match the drawn numbers, you win a prize – paid out in Bitcoin or other chosen cryptocurrencies.

What Makes Bitcoin Lottery Games Stand Out?

Here are the features that make Bitcoin lottery games a top choice for players.

  • Transparency and Fairness: One of the biggest advantages of the Bitcoin lottery is the use of blockchain technology. Blockchain ensures that every transaction and draw is recorded on a decentralized ledger that’s accessible to all players. This transparency eliminates worries about rigged results as players can verify each draw independently.
  • Security: Using cryptographic algorithms, Bitcoin lottery games offer extra security. The decentralized nature of blockchain means malicious actors can’t manipulate the results of the draws.
  • Global Accessibility: Unlike traditional lotteries which are limited by geographical boundaries, crypto lotteries are accessible from anywhere in the world. As long as you have an internet connection and a digital wallet, you can play. This global reach increases the player base and potentially the prize pool.

Regular Lotteries vs. Bitcoin Lotteries: A Comparison

1. The most obvious distinction is the utilized currency. Ordinary lotteries utilize fiat currency like dollars or euros, whereas a Bitcoin lottery uses Bitcoin or other cryptocurrencies.

2. Transactions in Bitcoin lotteries are faster and may have lower fees than buying traditional lottery tickets. This is so because Bitcoin transactions eliminate intermediaries like banks, therefore lowering the delays and expenses related to bank fees and currency exchanges.

3. Prizes in Bitcoin lotteries are in BTC or other cryptocurrencies which can be attractive because of the potential for value growth. Certain Bitcoin lotteries also provide quick payouts, hence improving the convenience for the winners.

4. Bitcoin lotteries usually employ “provably fair” algorithms. Unlike other lotteries, this system lets players use cryptographic techniques to confirm the fairness of the draw outcomes.

Why should one try a Bitcoin Lottery?

Apart from the thrill of maybe winning large, crypto lotteries provide several special benefits:

• Safe and open: You can verify every single draw and transaction.

• There are no geographical restrictions; play wherever on the planet.

• Cut expenses by means of lower transaction fees.

• Instant Payouts: Get your winnings easily and quickly. 

Bottom Line

With improved security, transparency, and worldwide accessibility, a Bitcoin lottery presents a fascinating and creative variation of the classic lottery.

These lotteries are a reliable choice for gamers all around as they guarantee fair and clear results by integrating blockchain technology. Regardless of your experience level, Bitcoin lottery games provide a modern way to try your luck and potentially win big.

Continue Reading

Press Release

Introducing Grok-1.5V: Revolutionizing Multimodal AI

Team Bitcoin Daily

Published

5 days ago

on

July 22, 2024

By

We are thrilled to announce the launch of Grok-1.5V, our groundbreaking first-generation multimodal model. Grok-1.5V, the latest innovation in artificial intelligence, promises to redefine how we interact with and understand the world around us. 

Unveiling Grok-1.5V

Grok-1.5V stands out with its exceptional text processing capabilities, but it goes beyond that. This advanced model can now process a wide array of visual information, including documents, diagrams, charts, screenshots, and photographs. This enhancement allows Grok-1.5V to offer a more comprehensive understanding and interpretation of both textual and visual data.

Capabilities

Grok-1.5V is designed to be competitive with existing frontier multimodal models across various domains. From multi-disciplinary reasoning to understanding complex documents, scientific diagrams, and real-world photographs, Grok-1.5V excels. 

We are particularly proud of Grok’s performance in our new RealWorldQA benchmark, which measures real-world spatial understanding. In zero-shot settings, without chain-of-thought prompting, Grok-1.5V consistently outperforms its peers, showcasing its superior capability in understanding the physical world.

Launch Details

Grok-1.5V will be available soon to our early testers and existing Grok users. We are excited to bring this new level of AI understanding to our community.

Join us as we launch Grok-1.5V on BASE at 19:20 Beijing time today. Don’t miss this opportunity to be part of the future of AI.

Contract Address: 0xeeB0Ea9EcD0Ab9a7a210fA66FCf58ce4747235E6

Stay tuned for more updates and innovations from our team as we continue to push the boundaries of what’s possible with AI.

For more information, visit our website or follow us on X.

Website: https://x.ai

X: https://x.com/xai

Token: x.AI

Continue Reading

Trending