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Why is Zebi stack, a Cosmos Fork, used for the Cricket Foundation platform?

Team Bitcoin Daily

Published

3 years ago

on

Introducing the powers of NFTs to the world of cricket, Cricket Foundation has unlocked doors to numerous possibilities. 

Being the world’s first exclusive marketplace for this sport, Cricket Foundation provides a platform where fans can enjoy a sense of belongingness with their favourite players by directly owning an asset listed by the player. For the players, it presents a unique opportunity to monetize their assets, get a broader market, and connect with their fans beyond just materialistic interactions. 

But catering to a sport that is broadly facing emerging markets has three primary challenges : 1. Cost : Solutions need to be able to be cater to the largest section of the users, starting even a sub cent transactions, and lower cost of delivery, 2. Complexity: challenges in emerging markets and edge use cases are multiple and 3. Scale: imaging building a platform to support a billion users. This is where Zebi’s expertise in building and managing solutions focused on emerging markets will be of extensive value.. 

How does Zebi’s Cricket Foundation achieve this?

It all lies in the technicalities. 

Starting with the basics, players can come to Cricket Foundation and list their assets. All they have to do is enter specific characteristics of their asset along with an image or video, or audio. This data will get stored in the immutable ledger of the Blockchain technology in a specific format. This format will allow the asset to exist in the digital space uniquely. 

Furthermore, tokens represent the asset stored on the blockchain. These tokens are called Non-fungible tokens. 

The said tokens are not interchangeable, given their unique assets. They carry the same value as held by the asset in real life. Therefore, anyone who owns these tokens in the digital space owns the asset in real life. 

Proof of ownership exists from the get-go, given the asset’s presence on the blockchain, making asset verification quick and easy. As a result, the asset carries credibility and authenticity as long as the blockchain exists. 

Cricket’s NFT marketplace has an unparalleled advantage in the space for a deeper technical analysis. 

For instance, rather than using an existing, congested, and non-scalable Blockchain platform, Zebi leverages its Blockchain stack to build the underlying Blockchain for the Cricket Foundation. As a result, the application can achieve more scalability, throughput, decentralization, reliability, and security. 

What this means is that Cric token is built as its own a Layer 1 solution with several applications built on top of it. This can also connect with other Layer 1 platforms via IBC, or Inter Blockchain Communication. 

The core concept of Zebi is forked from the Cosmos architecture. Cosmos, also known as the Internet of Blockchains, is a platform that facilitates cross-chain interoperability. It is Byzantine fault tolerant, and built on a Proof of Stake consensus, amongst other things.

Therefore, Cricket Foundation has its Blockchain platform in a sense. If a user visits the Cricket Foundation explorer, they can see information like:

  1. The latest block formed on the Cricket Foundation’s Blockchain network
  2. How many transactions are complete till a specific point in time
  3. How many assets get staked on the platform
  4. Total number of validators
  5. Inflation Rates

Cric has its own nodes and validators, which allows the whole network to work more efficiently.  With such information made available aboveboard, Zebi’s Cricket Foundation creates a transparent community-owned ecosystem. 

Zebi allows the community members, including players, fans, clubs, franchises, boards, agencies, equipment manufacturers, and game developers, to have a critical role in the platform’s decision-making. 

Conclusion

At its core, the use of Cosmos architecture allows Zebi to create a highly modular platform without privacy trade-offs. This means that even if two Blockchains are connected through the Zebi stack, their sovereignty is maintained. 

Furthermore, the development and integration of these platforms become relatively easy, allowing the whole network to be more efficient. 

Therefore, Cricket Foundation is not just another Blockchain-based NFT marketplace but also a more extensive ecosystem. The future of such an architecture holds the possibility of numerous collaborations, which gives Cricket Foundation the potential to become the future of the digital ecosystem for cricket. 

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Team Bitcoin Daily

The Bitcoin Daily is one of the most reliable and leading portal about Technology News, Latest Updates, Financial News, Business and any all subjects related to technology and blockchain.

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Press Release

Web3 Innovation and Transformation: InnoBlock 2024 Held by ABGA and BBS

Team Bitcoin Daily

Published

4 days ago

on

September 17, 2024

By

3 Days to Go! InnoBlock 2024 is About to Kick Off!

Web3 technology is leading a global technological revolution, propelling the internet industry into a new era of profound transformation and reconstruction. In this digital revolution, innovation is not only the driving force for the development of the Web3 industry, but also a crucial strategy for its future layout. In response to this trend, ABGA and BBS have teamed up to host a two-day Web3 innovation event, InnoBlock 2024, at Singapore Expo from September 16-17. This event will bring together blockchain leaders from over 20 countries, with nearly 150 industry leaders from top Web3 public blockchains, venture capitals, exchanges, media communities, and renowned projects, all convening to engage in face-to-face discussions with attendees. As of press time, over 5,000 participants have registered across all channels for this summit, fully demonstrating the strong appeal of the event and guest lineup within the industry. InnoBlock 2024 is expected to have a widespread and profound impact on the Web3 industry during Token2049.

Organized by ABGA and BBS, and co-organized by Imagine Creation Combinator (ICC), DePIN X, Parasail, and Metis, this event aims to gather top experts and leaders in Web3 industry to jointly explore the cutting-edge developments and application prospects of Web3 technology, facilitate the integration of innovative achievements into the Web3 industry,  and accelerate the construction of the ecosystem. The event is dedicated not only to empowering the Web3 industry through innovation but also driving further economic development in the Asia-Pacific region. It covers a wide range of topics from industry macro trends to the development and construction of the Web3 ecosystem, attracting hundreds of industry experts and influencers to gather and discuss the limitless possibilities of the Web3 industry.

The event will feature two main stages and an Open Stage. Over the course of two days, the summit’s agenda will showcase 23 keynote speeches, 26 panel discussions, and 3 fireside chats, covering Web3, AI, GameFi, DePIN, and more. Notably, on the morning of September 17th, local time, Stage 2 will host the launch ceremony of the GameFi Quantum Leap: Metis & ABGA Accelerator Program in Partnership with Google Cloud Web3, an initiative jointly initiated by Metis, ABGA, and Google Cloud. This accelerator program aims to guide experienced Web2 teams through the complexities of blockchain and GameFi, providing robust resource support and a dedicated fund of up to ten million dollars to empower startup teams to achieve innovative development and long-term success in the Web3 space.

Furthermore, the Open Stage will present two highly anticipated events: the Miss Universe Singapore InnoBlock Tour and the Airdrop Demoday. The Miss Universe Singapore InnoBlock Tour will stage the integration of the elegance and the future of Web3, while the Airdrop Demoday offers participants the opportunity to interact with top project teams and investors. These activities will further enrich the on-site experience, enhance audience engagement and interactivity, and add even more vitality to the summit.

The following is the agenda of the event:

Since its official announcement, InnoBlock 2024 has attracted significant attention from the industry and garnered strong support from a wide range of partners. Gamp, Seraph, Privasea, GhostDrive, Advertising Time Token (ATT), and Infinitar have come on board as Golden Sponsors, while Footprint Analytics, D’islands, InitVerse, XPIN Network, Alchemy Pay, SafePal, Metay.ai, Seed.Photo, Pika, Allin Exchange, IXO Protocol, JoinCare, AEON, Mumubit, IBIT, Nesa, Moomoo Financial Singapore, XenoBunny, Halfwish, Alien, Beosin, PING, and Mbit Wallet are supporting the event as Silver Sponsors. The AI Exhibition Zone is backed by DeepBrain Chain, DeepLink, DecentralGPT, DRCPad, DBC Capital, and DeepAITalk.

Moreover, MetaEra joins as the Strategic Partner, Web3Labs as the Ecosystem Partner, Dethings as the Primary Media Partner, and Google Cloud as the Cloud Partner. LingoAI and Web3 Alliance (W3A) are serving as AI Guiding Organizations, while Polaris Marketing, Eurasia Blockchain, TONSquare, DuckChain, Crydit, Digitalabs, and the Artificial Intelligence International Institute (AIII) contribute essential support as Partners. Their collective efforts have played a key role in the success of this event.

Speaker list as below:

InnoBlock 2024 will emerge as a pivotal platform for exchange and innovation within the Web3 industry, offering industry experts, investors, and tech enthusiasts alike the opportunity to delve deeply into Web3 technology and its myriad applications. This prestigious event not only showcases the latest advancements in Web3 technology but also provides forward-thinking insights into its future trends.

We eagerly extend a warm invitation to all from every sector to embrace InnoBlock 2024, joining us in an exhilarating exploration of the boundless creative possibilities within the Web3 realm. As Web3 technology continues to evolve, this summit will present the latest industry dynamics and future trajectories. We eagerly anticipate sharing with you the vision of Web3’s future and striving together towards new heights.

About ABGA
ABGA is a groundbreaking club centered around Web3 gaming, backed by renowned institutions within the Web3 industry. By harnessing the collective strength of the Asian gaming industry, we aspire to forge a promising future for the global Web3 gaming sector.

About BBS

BBS.NYC is a blockchain conference organization based in New York, focusing on crypto and cutting-edge technology. We are dedicated to providing entrepreneurs, investors, developers, policymakers, media, and industry enthusiasts with an inclusive platform for sharing ideas, reducing information gaps, exploring potential opportunities, and accelerating global technological advancements.

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Blockchain

CeFi and DeFi Leaders Converge at Exclusive Pre-TOKEN2049 Singapore B2B’s Executive Night

Team Bitcoin Daily

Published

6 days ago

on

September 15, 2024

By

In an era marked by the rapid convergence of traditional finance (CeFi) and decentralized finance (DeFi), the boundaries between these two worlds are becoming increasingly blurred. As the financial landscape continues to evolve at an unprecedented pace, industry leaders are seeking opportunities to navigate this new paradigm and forge meaningful connections.

ChainUp, Singapore-based blockchain solutions company is proud to present the CeFi and DeFi B2B Executive Night, a pivotal gathering for industry leaders and innovators scheduled for September 16, 2024, at CÉ LA VI Singapore, ahead of the Formula 1 Singapore Grand Prix 2024 race weekend. This exclusive Pre-TOKEN2049 event coincides with ChainUp’s 7th anniversary, marking a significant milestone in the company’s journey.

Connect with influential figures and gain insights into the latest trends shaping the digital asset landscape at this exclusive event. Attendees, including founders, CEOs, and top executives from CeFi, DeFi, technology, and investment sectors, will engage in in-depth discussions covering the full spectrum of the digital asset industry. These discussions will encompass the convergence of CeFi and DeFi, institutional adoption, regulatory developments, and the transformative potential of Web3, fostering an environment ripe for innovation and strategic partnerships.

Reflecting on a year of resilience and growth in a challenging market, ChainUp’s COO, Chung Ho emphasized: “This premier gathering not only celebrates our 7th year but also underscores our commitment to driving innovation within the increasingly regulated financial landscape. As ChainUp strategically moves towards the regulated space, we’re excited to connect with industry leaders, share insights, and collectively shape the future of finance.”

The pre-TOKEN2049 CeFi and DeFi B2B Executive Night are joined by co-organizers, B2 Network, a modular Bitcoin (BTC) L2 DeFi ecosystem that introduces B2 rollup to users and developers; Sinohope, a Hong Kong-listed digital asset custody and management service provider; Diamond sponsors Huawei Cloud, a leading provider of innovative cloud solutions that empower business digital transformation; Gold sponsors Odyssey, explore a new era of Memcoins with Odyssey Exchange, eventflo, a data-driven Web3 event management platform powered with FloCoin incentivization, exSat, a groundbreaking BTC docking layer solution that enhances BTC’s scalability; Silver sponsors Pell, a BTC restaking platform build on Omnichain Trust Network; eCloudrover, an AI-centric cloud solutions service provider for business digitalization; Supported by fractl, Blockchain Association Singapore, and Singapore Fintech Association.

For more information and continued updates on CeFi and DeFi B2B Executive Night, please visit ChainUp’s official website event page. Tickets are now available for purchase on our Lu.ma event page. 

About ChainUp

ChainUp, a Singapore-based blockchain tech provider, offers solutions for the future of finance, including white-label exchange softwares, award-winning digital asset custody solutions, and more. With over 1,000 clients and reaching 60 million end-users, ChainUp is a trusted partner for Web3 founders and institutions.

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Press Release

MNT Token Moving Ahead with New Listing on MEXC Exchange

Crypto Chain Wire

Published

2 weeks ago

on

September 8, 2024

By

Mr Mint, an innovative and fast growing decentralized platform in the Web3 world, is excited to announce that MNT token will be officially listed on the MEXC Exchange on 10 September. This announcement is a major step in the evolution of the Mr Mint ecosystem and it makes it possible now to broaden the horizons to an unreached scale growth.

A Strategic Leap Forward

The listing of MNT token on MEXC, one of the world’s top-level exchanges is indicative of Mr Mint’s resilience to dreams of conquering the world and by extension the resources of the ecosystem. With this listing, MNT will reach millions of traders and enthusiasts of the crypto market and hence will have higher liquidity and more trading prospects.

Why Does This Listing Matters?

‘MNT Listing on MEXC Exchange is a major milestone for us and a crucial step for further enhancing the capabilities of users and communities around the world. We have this partnership with MEXC because it complements our goal of bringing blockchain to everyone, – stated Mr. Rahul Bhadoriya, Co-Founder of Mr Mint.’

The MEXC Exchange is well known for its friendly interface, good liquidity, and numerous digital assets. Through MEXC listing, Mr Mint is consolidating its position among convincing players of the cryptocurrency space, thus facilitating more seamless trading of MNT by more users on a diversity inducing agenda.

What Does This Means for the Mr Mint Ecosystem?

  • Improve liquidity: With the MNT listing on MEXC, customers’ liquidity and the speed of exchanges will be increased.
  • World Market: The listing is going to put MNT in front of more people hence fostering brand development and community expansion.
  • Enhanced Trading Activities: Users can participate more in trading pairs and utilize meticulous trading tools by MEXC.

To the Users who make it all possible

On this memorable success, Mr Mint calls all its community members, stakeholders, and authorities who share a passion towards cryptocurrencies to access this new stage of development. More information regarding new trading pairs and this listing event, as well as other promotional actions, will follow to add further benefits to our devoted fans.

Get Ready to Trade MNT on MEXC

Drawing from this, Mr Mint keeps deepening its presence in the world of crypto as it delivers an innovative environment that brings technology and community into a convergence. We seek to build a new society that is decentralized and participatory based on innovation and transparency.

About Mr Mint

Mr Mint is a comprehensive Web3 ecosystem designed to bridge the gap between traditional finance and decentralized assets. It aims to empower users with tools and platforms that facilitate easy access to digital assets, encourage financial literacy, and promote secure and transparent transactions.

For more information about the listing and upcoming events, visit our official website or follow us on social media.

Website: https://www.mrmint.io/

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