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

Team Bitcoin Daily

Published

2 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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Press Release

 Wemade and MYSTiC Games to onboard new highly inter-operable games to WEMIX PLAY

Crypto Chain Wire

Published

5 days ago

on

December 5, 2023

By

  • First Swedish company to join WEMIX PLAY global blockchain gaming platform
  • New RPG games feature innovative blockchain-based elements VoYd Tokens, VoYd Heart and VoYd Soul 
  • Fully inter-operable: VoYd Tokens and NFTs earned can be used across all current and future games built on MYSTiC GAMES’ Catalyst platform 

Leading global game developer Wemade has signed an onboarding agreement with MYSTiC GAMES, the first Swedish game studio to onboard games to WEMIX PLAY, the world’s biggest blockchain gaming platform. With over 9 million cumulative users, WEMIX PLAY offering close to 40 web3 games including the hugely successful MIR4 and its sequel, MIR M: Vanguard and Vagabond, the largest P&E MMORPG in the world; collectible card game Summoners League; and farming simulation game Every Farm.

MYSTiC GAMES will onboard “Call of the VoYd” and “Heroes of the VoYd”, the first two games that will offer full cross compatibility in its growing ecosystem. 

“Call of the VoYd” is a free-to-play, mobile-first cross-platform top-down ARPG Roguelite game with auto-aim precision. As players progress through the game, they collect various characters and items, each with its unique set of skills and abilities. 

“Heroes of the VoYd” is an easy-to-play idle RPG that combines simple effective core gameplay with strategic decision-making. Players must fight against monsters to unearth new heroes and unique weapons.

They can trade, sell, or use these in-game items inside and outside the game to customize their characters. These items will also be transferable between players, and can be spent in-game as well as staked and sold. 

VoYd Tokens, Voyd Heart, Voyd Soul

VoYd tokens and NFTs will be shared across future games with the tokens playing a crucial role in “Heroes of the VoYd”. Serving as an in-game currency, players can utilize tokens for various purposes, but the primary focus is on using tokens to level up their Heroes.

The games feature innovative blockchain elements like the prestigious VoYd Heart and VoYd Soul which offer a range of benefits including the ability to safeguard gameplay progress by saving levels, and unlock additional game content like heroes and chests. VoYd Souls will also include an increased role in the MYSTiC DAO that will manage the entire gaming ecosystem.

“We believe in a future where your time and skill in gaming can be just as valuable as your time spent working and with other hobbies,” said Matthew Buxton, CEO of MYSTiC GAMES. “We look forward to a bright future together.”

About WEMADE

A renowned industry leader in game development with over 20 years of experience, Korea-based WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. Its WEMIX PLAY global blockchain gaming platform (www.wemixplay.com) offers everything from card, puzzle, simulation and strategy games; to first-person shooters, battle royale, SNG, MOBA and MMORPG games. Besides standard GameFi services like exchange, staking, swap, pool and bridge, WEMIX PLAY also offers a marketplace to trade NFTs and a Drops feature for developers to launch new collections.

About MYSTiC GAMES

MYSTiC GAMES is a crew of industry veterans on a mission to create the next wave of heart stopping multiplayer mobile games. We’re player first, player friendly and soon to be player owned. For more information, please visit:  https://mysticgames.dev/

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Press Release

Saitama Unveils Groundbreaking Layer 0 Blockchain: SaitaChain

Crypto Chain Wire

Published

1 week ago

on

November 30, 2023

By

Saitama, an esteemed pioneer in the Web 3.0 domain, has made an exciting announcement regarding its latest creation, SaitaChain. This revolutionary Layer 0 blockchain has the potential to reshape the decentralized finance (DeFi) landscape by offering exceptional transaction speeds and competitive fee structures. SaitaChain stands as a testament to Saitama’s commitment to pushing the boundaries of blockchain technology and fostering innovation.

SaitaChain is not simply an incremental improvement on existing technology; it represents a fundamental shift in blockchain architecture. By leveraging advanced sharding techniques, this Layer 0 blockchain addresses the pressing challenges faced by Layer 1 counterparts, such as congestion and exorbitant gas fees. The launch of the alpha testnet this month signifies a strategic leap forward, providing developers and users alike with a more efficient, secure, and user-friendly environment.

The SaitaChain Roadmap – A detailed glimpse into the future.

At the heart of the SaitaChain ecosystem lies the Saitama Token, a versatile cryptocurrency that plays a pivotal role in facilitating transactions and fueling gas fees. The integration of the Saitama Token within SaitaChain emphasizes Saitama‘s vision of a decentralized financial system that prioritizes efficiency and affordability.

In conjunction with the introduction of SaitaChain, Saitama has also revealed the operational launch of XBridge, an innovative blockchain bridge connecting the Ethereum (ERC) blockchain with the Binance Smart Chain (BSC). Released on October 23, 2023, XBridge is an impressive technological feat that unlocks unparalleled interoperability and flexibility in the realm of DeFi. Users can now seamlessly transfer assets between these blockchains, gaining enhanced market access and increased liquidity options.

Saitama‘s commitment to making DeFi accessible to everyone is evident in their suite of products. The Saitama Token, the SaitaPro app, and the SaitaCard are all part of a cohesive strategy to demystify and mainstream DeFi. The SaitaCard, in particular, stands out with its global ATM access, diverse payment options, and seamless integration with the SaitaPro app, all without the burden of monthly fees.

SaitaPro, a non-custodial wallet that supports multiple blockchains, offers a secure and intuitive platform for asset management. Its collaboration with ePayme enhances the user experience by simplifying the purchase of cryptocurrencies.

Saitama’s expansion into logistics with SaitaLogistics, in partnership with ePayme, exemplifies their innovative use of blockchain technology in practical, real-world applications. This peer-to-peer logistics system facilitates secure cryptocurrency transactions, streamlining the shipping process on a global scale.

SaitaChain serves as the cornerstone of Saitama’s expanding ecosystem, which includes SaitaSwap, an innovative multi-chain decentralized swap platform designed to cater to cryptocurrency investors with secure token trading capabilities.

In reality, SaitaChain is much more than just a blockchain; it serves as a strong foundation for constructing a more integrated, inclusive, and efficient blockchain ecosystem. Saitama‘s pioneering work in Layer 0 technology is helping to chart a path for the future of DeFi, setting the standard for future evolutions of the blockchain landscape.

As Saitama continues its leadership role in advancing blockchain technology, SaitaChain will play a crucial role in supporting a more secure, streamlined, and accessible financial system. Saitama’s vision of a decentralized financial future depends on their innovation and execution, and their continued dedication to progress will help create a more decentralized, efficient, and equitable financial world.

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Press Release

 Wemade to support blockchain gaming ecosystems growth in Dubai and the UAE through collaboration with Dubai Chambers 

Crypto Chain Wire

Published

2 weeks ago

on

November 28, 2023

By

Wemade CEO Henry Chang (left) meets with Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers (right)

  • Wemade is the first and biggest Korean game developer to establish official talks for joint collaborations with Dubai Chambers
  • Talks mark next phase of Wemade’s efforts to support the growth of blockchain gaming ecosystems in Dubai and the UAE

Henry Chang, the CEO of leading South Korea-based gaming giant Wemade met with H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, to discuss a broader scope for future collaboration. Wemade is the first and biggest Korean game developer to establish talks with Dubai Chambers for broad plans to contribute to game development industry initiatives. The meeting between CEO Chang and Dubai Chambers’ President and CEO H.E. Lootah marks the next phase of Wemade’s efforts to support and grow blockchain gaming ecosystems in Dubai and the UAE. 

As an advocate for the interests of Dubai’s business community, Dubai Chambers serves as a bridge connecting the local business community with Dubai’s dynamic government and is committed to ensuring a thriving environment in which businesses can flourish. The chamber seeks to facilitate and improve the ease of doing business in the emirate and advance Dubai’s position as a highly competitive global commercial centre. 

“The UAE is among the most dynamic regions building the next generation of games and gaming industry talent with Dubai and key stakeholders including Dubai Chambers playing an important role,” said Henry Chang, CEO, Wemade. “Wemade will focus on working with Dubai Chambers to explore how we can contribute our expertise and technology to support key initiatives including the Dubai Program for Gaming 2033.”

H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “We are pleased to initiate this collaboration with Wemade, which will contribute to driving innovation in the UAE’s rapidly evolving digital ecosystem. Dubai’s growing influence in the global gaming and blockchain arenas reflects our dedication to fostering an ecosystem that is rich in technological expertise. We remain committed to further strengthening the emirate’s position as a leading global hub at the heart of the digital economy.”

Unveiled recently by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of Dubai and Chairman of the Board of Trustees of Dubai Future Foundation (DFF), the Dubai Program for Gaming 2033 set out major industry goals. These are: to position Dubai among the top 10 cities in the global gaming industry; generate 30,000 new jobs in the gaming sector; significantly boost the sector’s contribution to the growth of Dubai’s digital economy; and increase the GDP by approximately US$1 billion by 2033. 

About WEMADE

A renowned industry leader and innovator in game development, Wemade is now leading a once-in-a-generation shift as the global games industry pivots to blockchain technology. Through subsidiary WEMIX, Wemade is building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. This includes WEMIX PLAY, the world’s biggest blockchain gaming platform which can transform games of every genre into blockchain games. www.wemix.com/communication.

About Dubai Chambers

Dubai Chambers is a non-profit public entity that supports Dubai’s vision as a global player by empowering businesses, providing innovative value-added services and access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber and the formation of three chambers for the emirate, namely, Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under Dubai Chambers. For more information, please visit: www.dubaichambers.com 

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