Torrevieja, a tourist center in the Spanish province of Alicante, will allow shops to accept cryptocurrency payments, paving the way for greater adoption. Torrevieja is a city of nearly 90,000 inhabitants and aims to become one of the first cryptocurrency-friendly locations in Spain. The city, in alliance with Apymeco will encourage the use of cryptocurrency as a payment option and provide courses for shops interested in learning how to receive and use cryptocurrency.
Last week, the city revealed a multi-phase plan to become a cryptocurrency-friendly location with the help of Apymeco, the local merchants association. Jorge Almarcha, president of Apymeco, said: "In Spain, since 2015, it has been legal to pay with cryptocurrencies. However, it was not until today that we wanted to democratize its use as a means of payment in standard, neighborhood and traditional commerce".
We can say that Torrevieja will play a central role for the studies e for the models of crypto economy that will also contribute to create new job titles. There will be three phases towards this crypto "transition" that will help bulding a solid future of this new decentralized economy.
SOURCE: Bitcoin.com
READ ALSO ---> "Google's Gemini enters the AI market with a completely new model" by Ilaria Vanni
Ilaria Vanni is a TV journalist for italian broadcasting and coordinator of The Meta Economist portal. She has a philosphy degree and she's now studing the economic and technological issues connected to the new frontiers of the metaverse.
With the word "ICO" we mean a crowdfunding system in the financial sector. Despite a long time history, in these day the web 3 is talking about ICOs linked to a revolutionary Bitcoin Dogs project recently announced. The launch is scheduled for February 14th, 2024 and it will be the world's first ICO on the Bitcoin blockchain. With pre-salt set to debut next week, the new project aims to gain significant traction with its fresh approach.
To support the growth of the platform, Bitcoin Dogs will distribute 900 million 0DOG tokens during a 30-day flash presale. Beyond the obvious investment appeal, these tokens will give holders access to an exclusive collection of NFTs and an engaging social gaming ecosystem. Using the paradigm-shifting Ordinals protocol, players will store their NFTs on the Bitcoin BRC-20 blockchain, offering a new level of security and reliability when stacked up against competitors Solana and Ethereum.
The question is: could the 0DOG token represent an investment opportunity with profits of 50x-100x? Will it enter crypto history as the world's first presale on the Bitcoin blockchain?
From initial public offerings (IPOs) to crowdfunding platforms to initial coin offerings (ICOs), the world of fundraising has undergone enormous transformations.
Let's go back to the history of ICOs, as we told before in this article, 2013 is the year where this story begun. The first ICO was launched in 2013 for the launch of the Mastercoin cryptocurrency. In 2014, an ICO was added to the Ethereum cryptocurrency. The ICO is very popular. Last year 2017 was released about 20 months ago and the ICO for a new web browser called Brave generated about $35 million in 30 seconds. There are at least 18 websites that track ICOs.
Just to clarify, the first ICO was launched to be re-founded by new cryptocurrencies, but the current ICO is used to qualify. Typically these tokens are sold to be stored, with the existence of the token and the defined behavior of the mathematical algorithm. If there is a difference between similar tender offers, the acquisition of the token is not regulated by the government and does not guarantee ownership or other conditions.
SOURCES: BitPanda, Blockchain News
READ ALSO ---> "Google's Gemini enters the AI market with a completely new model" by Ilaria Vanni
Ilaria Vanni is a TV journalist for italian broadcasting and coordinator of The Meta Economist portal. She has a philosphy degree and she's now studing the economic and technological issues connected to the new frontiers of the metaverse.
The need for a web with social networks that are not owned by a single large company that can use them for all its own purposes, also deciding their trends, but social platforms that, being a resource of the IT network, are immutable, uncensorable and visible without algorithms of uncertain application. Decentralized Finance is more than ever and increasingly an established reality, DeFi representing an alternative and a complete world in itself for new financial horizons, apparently freer and less binding.
If DeFi, therefore represents the world of cryptocurrencies, DeSo is and will be the world of decentralized social networks, a project already full of applications that is trying to network and offer everyone the opportunity to create them; DeSo already offers a world map where you can identify yourself as a web3 enthusiast, clearly not everyone decides to be visible, but those who do will certainly be able to start networking. It tends to seem that the decentralized social networks of the future will be created based on common purposes, projects and topics; this effectively provides further confirmation that social media and communities will be practically the same thing. At the moment the most functional, interconnected, productive and active communities on web 2 are found only on Discord which could prove to be the only "social" that will be saved in a new era for the web.
The DeSo token can be purchased from 2021 as a cryptocurrency, initially it started with a very high and optimistic value, but for two years its decline has been weighty and constant, only at the moment is it recovering. In web 3 there are many projects which, although absolutely interesting, have suffered a huge setback with huge losses, the problem probably lies in the anticipation of the needs that these projects represent, but it can't go much differently from this, presumably it will still take 5 years for the decentralized web to become a reality for almost everyone, at the moment it is for many, but all in all, for very few.
Over 70% of the population still uses social media on the centralized web, especially Meta, and only in the last two years have people begun to develop a certain intolerance in the use of Facebook and Instagram, but it will remain equally and certainly a large pillar in Meta, or Whatsapp for example.
Today, there are over 100 other projects running nodes and building apps on DeSo. You can find the application already available on deso web site
Social tokens, social NFTs, and social tipping, three categories of products pioneered by DeSo, are already changing the game in terms of how creators monetize on the internet, but they're only the beginning.
Because DeSo is money-native and open-source, anyone in the world can start to experiment with new ways for creators to monetize by building an app on top of DeSo. The DeSo blockchain is fundamentally an open protocol that the entire world can build on collaboratively.
Here are a few ideas of what's possible to build on DeSo (fully on-chain):
Born in Italy in 1976. Graduated in Political Science, Computer programmer & web 3.0 supporter and user. Real Estate Expert (two professional technical register and two active official roles) - Extrajudical civil mediator.
In 2023, blockchain gaming recorded investments of 2.3 billion dollars. Those data, provided by DappRadar, a monitoring platform for decentralized apps, shows that $600 million was invested in the blockchain gaming sector in the third quarter of 2023.
Among investments in Q3 2023, $213 million went into the development of games and technologies related to the metaverse, despite some declaring it dead. According to DappRadar, the remainder of the quarter's investments went to gaming infrastructure and Web3 investment firms.
The unstoppable growth in the Blockchain gaming market tells about a well-stocked duo: video games and blockchain technology. Hard data collected by Fortune Business Insights indicates an annual growth of the blockchain gaming market between 2017 and 2021 of 21.8%, confirming not only the current robustness of the sector, but also a constantly rising trend. The outlook for 2030 promises an era of unprecedented innovation in the gaming world.
Growing interest in non-fungible tokens (NFTs) and the ever-widening adoption of blockchain technology in gaming is driving a wave of growth. Regions such as North America, Europe and the Asia-Pacific, especially China, Japan and South Korea, are set to play a leading role in this development. North America Leads the Blockchain Gaming Field. In 2022, there was generated over $30 billion from industry sales, capturing approximately 24% of the global market share. This dominance seems destined to persist over time, keeping North America as the undisputed leader. Role Playing Games thanks to their immersive worlds and distinctive characters integrate perfectly with blockchain technology, offering innovative opportunities. In 2022, they accounted for more than 33% of the blockchain gaming market's total sales. The conclusion we have to underline is that this growth shows an important way of using blockchain for free time purposes and this means a new revolutions are coming with the web 3 as protagonist.
SOURCES: Cryptonews
Read also ---> Google's Gemini enters the AI market with a completely new model by Ilaria Vanni
Ilaria Vanni is a TV journalist for italian broadcasting and coordinator of The Meta Economist portal. She has a philosphy degree and she's now studing the economic and technological issues connected to the new frontiers of the metaverse.
FLORENCE - What does the metaverse smell like? Metaverse and AI enter also the world of perfumes. The 21st edition of Pitti Fragranze, the Pitti Immagine salon dedicated to the world of international artistic perfumery, which took place at the Stazione Leopolda in Florence, has just ended. And beyond the new scents and events was also an opportunity to see the trend of a multi-faceted market. Numerous talks on new trends, the comparison between different generations had been the occasion to analyse the impact of Artificial Intelligence and the Metaverse into the world of perfume. The web 3 is someway ready to influence also the perfumes market?
Artificial Intelligence at Pitti Fragranze was presented with Symbiotic Experience, a reinvented perception, an installation whose protagonists were 4 digital artists who work with AI to inspire the sillages composed for the occasion by 4 important noses: Alberto Morillas, Coralie Spicher, Serge Majoullier and Jérôme Di Marino. The result? A unique, immersive, synaesthetic experience, where physical and reinvented reality find a perfect point of union.
As in all thecnolgies, smell in the Metaverse may sound strange as smell is the only sense not perceived in the virtual world. But Pitti Fragranze tried to overcome this boundary with Agharti, the perfume of the Metaverse. The new Italian brand Agharti Scent Score has proposed four fragrances, all based on sustainable ingredients and enclosed in bottles inspired by the Metaverse. It's a sort of immersive experience in which the smell came form different elements of nature.
"The creative director, Barbara Loddo, owner of Aquacosmetics, imagined the stages of a journey towards the center of our planet in a magical world - reported Il Sole 24 Ore. Fragrances materialize from the four essential elements for life, starting with the green scent of the earth to arrive at the refreshing one of water, passing through the heat of fire and the lightness of air"
SOURCE: IL SOLE 24 ORE
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Ilaria Vanni is a TV journalist for italian broadcasting and coordinator of The Meta Economist portal. She has a philosphy degree and she's now studing the economic and technological issues connected to the new frontiers of the metaverse.
NAPLES - There's a new way to eat fast food and its name is Welly. Welly is the first fast food lead by a DAO, the Decentralized autonomous organizations. The project was conceived "as a new restaurant model born in Naples that focuses on the sale of chicken and salads, with an exclusive collaboration with Shiba Inu, one of the most important cryptocurrency".
"We have built a community of 5 thousand members on Discord - explains Paolo Bellucci, member of the team - we can count on over 50 thousand followers on Twitter, and we have received more than 400 requests for franchising from different countries" .
Welly is based on a typical crypto system, called DAO, an organization that operates online thanks to the decisions of owners (investors) who have a direct influence on crucial aspects of the brand. Design, brand identity, logistical and strategic decisions are the crucial elements of this project: "We want to be the first fast food restaurant in the world driven so much by our Community" continues Bellucci.
Welly isn't just about food selling, it wants to bring transparency in the food and restaurant markeet by introducing a fully traceable supply chain on the blockchain. This model offers to the consumers information on the origin of the products. The menu will focus on chicken and there will be influences from Mediterranean cuisine, with healthy alternatives, such as roasted croquettes instead of the classic fried one". "We have planned a balanced and non-dispersive menu. A smaller menu to better respond to the demand for product traceability" underlines Bellucci.
The fast food idea was born following the launch of a successful NFT collection, which then allowed the team to be noticed by Shiba Inu managers, who then decided to support the project. Meanwhile, Welly will open the first Welly store in Naples, which will be followed by the first ghost kitchen dedicated to Welly salads, a product intended for supermarket shelves and beyond, and then the inauguration of the first franchise expected by the end of 2023."
SOURCE: ANSA
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Ilaria Vanni is a TV journalist for italian broadcasting and coordinator of The Meta Economist portal. She has a philosphy degree and she's now studing the economic and technological issues connected to the new frontiers of the metaverse.
NFTs are facing a challenging time. First, a valuation crash hit, and then came accusations against renowned auction house Sotheby's, as well as notable celebrities like Paris Hilton, Justin Bieber, Madonna. Some investors alleged "misleading advertising" of Bored Ape Yacht Club NFTs, claiming that the auction house had artificially "manipulated the collection's price by inflating it."
In 2021, the prestigious auction house Sotheby's hosted a significant event in the digital art world: an auction of NFT collectibles from the Bored Ape Yacht Club collection. These NFTs, representing unique digital artworks belonging to an exclusive community, captured the attention of investors and enthusiasts worldwide. During the auction, various Bored Ape NFTs were put up for bid, each representing a distinct "bored ape." Sale prices exceeded all expectations, with a single NFT fetching an impressive value of over $1.5 million. Overall, the auction generated revenue surpassing $24 million, setting new records in the NFT market.
"Regrettably, the overly hyped Sotheby's auction proved to be a sham that served as a starting point for the massive scheme believed to have defrauded investors." This is noted in documents presented by the auction house to the federal court. What are we talking about?
Several factors triggered suspicion among investors. For instance, an anonymous buyer acquired a collection valued between $20 and $30 million for a staggering $51.7 million.
At first, in December, when investors filed the lawsuit, the auction house's name was not present in the proceedings. However, Sotheby's was later mentioned in documentation filed with the federal court in California in early August 2023. In addition to the auction house, the lawsuit named celebrities such as Paris Hilton, Justin Bieber, Serena Williams, Madonna, The Weeknd, Snoop Dogg, Kevin Hart, DJ Khaled, and others as involved parties. Significantly, Moonpay, a cryptocurrency company linked to Guy Oseary's venture capital firm, known for his historical connections to the American pop star of Italian descent, also found itself implicated in the lawsuit.
Investments in the NFT world continue, but they're not as robust as before.
As an example, in 2017, the CryptoPunks collection launched, showcasing 10,000 unique pixel art characters, and it had an average price of around $24. Today, some of these CryptoPunks have sold for millions of dollars each, with a peak of over $7 million for a single piece. In July 2023, "CryptoPunk #7523" was the most expensive, purchased by an anonymous buyer for $11.7 million. The third spot on the podium is occupied by a Larva Labs NFT, Punk #7804, resold for $2.5 million.
During the first quarter of 2022, invested dollar volume experienced a 5% decline when compared to 2021. Furthermore, according to the Non Fungible platform, while there was a 21,000% growth between 2020 and 2021, there was a 50% decline in value between 2021 and the first quarter of 2022. To put these percentages into numbers, the NFT market was worth about $150 million in 2020, which surged to $17 billion in 2021. In August 2023, according to Coinbase:
"The NFT price is down 99.93% from its all-time high of €25.71, with a circulating supply just under 36.9 million NFTs."
SOURCE: LaRepupplica
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Viola Meacci, student of Biomedical Engineering at the University of Pisa, has always been interested in the world of journalism. In her job, she explored the world of blockchain, cryptocurrencies, NFT and metaverse which she now very is passionate about it .
Škoda introduced NFTs and Web3 tools on its portfolio in order to offer a better experience to its consumers.
“Škoda - introducing “Škodaverse India" - will unlock bespoke utilities and experiences for NFT holders which will be revealed along with the first drop details. All NFTs will be minted on carbon-neutral blockchains, aligning with our sustainable vision.”
Škoda announced that this big “evolution” will be coming soon. It will be a surprise, in fact, nobody of the company released date or price.
Benefits of the NFTs' introduction will be linked on owning a unique digital asset represent Škoda’s artwork.
On Twitter, the official account wrote: “We are thrilled to announce our official entry into the Web3 space. Škodaverse India is LIVE now!”
SOURCE: COINTELEGRAPH
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Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
UAE decided to fight money laundering introducing new rules.
On May 31, the Central Bank of the United Arab Emirates (CBUAE) published a 44 pages document for LFIs which describes in detail how users have to fight money laundering and terrorism for banking institutions.
“LFIs” are all the non-crypto financial institutions that are connected to virtual asset providers.
LFIs are for example banks, finance companies, payment service provides…
UAE established that LFIs have to submit a request to the central bank if they want to collaborate with any VASPs. Without license, every collaboration is forbidden.
SOURCE: COINTELEGRAPH
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Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
