Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Somnium Space – Where The Blockchain Technology Meets Virtual Reality
1.5 k views
Sponsored
The experience of immersion and telepresence is what sends any human into a programmable Virtual Environment. Breaking the ice of Virtual Reality were Antonin Artaud, Morton Heilig, Ivan Sutherland, etc. through whose foundation and the further developments of other computer scientists have brought the concept of Virtual Reality this far.
The appreciation of the concept of Virtual Reality is rising to the extent that its market value in the United Kingdom was recorded to be about 46.4 million British pounds and yet is predicted to be about 354.4 million by 2020. This incredible market growth has brought along several industries like Amazon, Sony, Facebook, and Apple who are all investing huge sums of money into developing Virtual Reality Applications and Devices. However, most virtual reality products are so rigid that they do not allow users to explore and build up their imaginary ideas.
Others need to be more dynamic; hence users usually get bored with the same virtual environment they see. Finally, to make it worst, it tends to be a total waste of time after spending much time in a virtual world and accumulating huge assets, yet can’t liquidate these at any point in time.
Somnium Space turns Virtual World into Reality.
Somnium Space is putting all these setbacks of Virtual Reality in the past by leveraging on the blockchain technology to increase transparency and give back full ownership to people operating within the virtual world. Furthermore, with an already working virtual space enjoyed by different people, Somnium Space is poised to deliver other amazing features where users can also trade items and artifacts they own in the virtual world. Artur Sychov and the entire team behind Somnium Space have done a great job building Somnium Space to this level.
Their success is not only in words but has also granted them formidable partnerships with Loom Network, OpenSea, Sony, and Admix. With their assistance, Somnium Space envisions itself as the world’s first social Virtual Reality world. Through these partnerships, Somnium Space virtual environment has already been built with live activities where users can interact with themselves, have fun, and explore the virtual space of Somnium 1.0.
How to secure a land parcel in Somnium Space
Somnium 2.0 promises to give users a real experience with their virtual world. It comes with improved features, tools, graphics, and the ability to monetize and own assets with blockchain technology. The Somnium Space team wishes to extend its arms to everyone to be a part of this great vision of establishing Somnium Space 2.0 and making it a reality by partaking in its upcoming Initial Land Offering (ILO). Ideally, 5000 parcels of land will be offered during this ILO, but early adopters of this great vision have taken up 500 of them. The remaining 4500 parcels of land would be auctioned in the upcoming ILO. With an expected market growth of about 364 million pounds in the Virtual Reality industry, this ILO, I believe, is a great opportunity to be a part of this formidable vision.
Crowdfunding in the crypto industry has attracted many unencouraging rumors due to fraud and dishonesty, leading to investors losing huge sums of money for white elephant projects. However, Somnium Space has proven its honesty and hard work to the entire cryptosphere after having successful crowdfunding and seed fund to build Somnium Space 1.0, giving every investor their full confidence in being a part of this Initial Land Offering.
In addition, Somnium Space has established strong partnerships with renowned and reputable blockchain projects to ensure that the token economics are well structured and laid out to bring high liquidity to users. Token economics is the backbone of crypto startups and the triggering factor that brings the most amazing projects crashing down. Somnium Space has planned its token economics from the very start and has taken the necessary measures to keep its tokens’ constant liquidity.
This Initial Land Offering allows every investor out there to own a piece of the incredible Somnium Space. With its improved features, users can build and monetize the assets they accumulate in the virtual environment. By running Somnium Space, one of the world’s popular blockchain networks Ethereum, users can be assured that their assets are safe against any 51% attack. The Ethereum blockchain network’s launch also gives Somnium Space huge exposure in the cryptosphere shortly, hence the more reason you have to get on board during the upcoming ILO. It is expected to see a huge demand for a piece of Somnium Space in this Initial Land Offering, so don’t miss this early opportunity, and starting prices are the same as Indiegogo prices.
Conclusion
Cube
Somnium Space CUBEs
$0,397452
price
price
3.29446%
price change
The numerous rates at which Virtual Reality products and applications are being developed in the world only show the great future of this industry and its exponentially increasing market value. Somnium Space, through its Initial Land Offering, which goes live on the 6th of October, allows you to own, create content, and monetize your assets in the all-new Somnium Space 2.0. Don’t miss this opportunity of getting a portion of the 4500 parcels of land for sale during this upcoming Auction.
Disclosure: This is a sponsored post. Crypto Adventure cannot and does not contain financial advice. The information is provided for general informational and educational purposes only and is not a substitute for professional advice. Trading cryptocurrencies is a highly risky activity and can lead to major losses. Accordingly, before taking any actions based upon such information, we encourage you to consult with the appropriate professionals. We do not provide any kind of financial advice. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED ON THE SITE IS SOLELY AT YOUR OWN RISK. Learn More
Previous
Meet NoleLegends, the Legends for the Tron Community
Next
Best Places to Start Your Crypto Adventure for Free
Written by
Kelvin Emmra
@Kelvin
49 posts
More author posts
Vidulum App – A Rewarding Non-Custodial Multicurrency Wallet
Many crypto enthusiasts argue that centralized institutions do not give users financial freedom and control of their own funds. This has created the need for non-custodial solutions that keep users in control of their cryptocurrencies. It’s quite unnerving to see so many digital asset wallets in this space that don’t put the end-users needs first. Would you want to trust your funds with a wallet where you don’t own the private keys? Worse yet, would you be comfortable having restrictions…
5 years ago
Multi-currency Crypto Wallets with Passive Income Features
Cryptocurrency wallets are useful tools that allow crypto enthusiasts quick access to their crypto assets. It's worth mentioning that this is one way the global use of cryptocurrencies can become a reality in our daily lives. However, some multicurrency wallets have moved a step further, not only as a payment tool but also to serve other unique functions in the digital financial world. Blockchain solutions have enabled crypto enthusiasts to use their cryptocurrency wallets as a haven to grow their…
5 years ago
Five Incredible Ways to Manage a Social Crypto Trading Community
A social crypto trading community is an online ecosystem of crypto investors that allows sharing and discussing trading ideas. The trend of taking the crypto community by storm could significantly transform crypto trading. As a result, many cryptocurrency trading platforms contemplate adding a social trading feature to their systems. Managing the social trading community is currently the most powerful challenge social trading platforms face. Due to poor management, many platforms failed a few days after launching social trading systems. But…
5 years ago
Investors Moved Over 310,000 Bitcoins from Exchanges since Mid-March Crash
The market crash that happened in mid-March and popularly called “Black Thursday” was serious such that it has prompted a far-reaching shift in dynamics among Bitcoin investors. The day was unforgettable for cryptocurrency investors as the market incurred a serious selloff triggered by liquidations on BitMEX platform. A remarkable change initiated by the event is the dip in Bitcoin balance on exchanges. According to data, the amount of Bitcoin removed from exchanges after the crash was more than 310,000. Perhaps…
5 years ago
Halving Pressure is Separating Ethereum from Bitcoin
Ethereum has been proving itself worthy where we have Bitcoin, the decentralized currency, but when it comes to price, it is still behind Bitcoin which is the largest crypto on the market. Since January 2020, Ether, the currency undertone of Ethereum, has been distinguishing itself from Bitcoin. Its price started skyrocketing when the year started but after the halving event of Bitcoin, it seems to be pulling away from it. After the halving event, the prices of cryptocurrencies started reacting immediately,…
5 years ago
Masternodes: A Lucrative Passive Way of Investing in the Crypto Space
The rapid expansion of the crypto space has seen several innovative ways of generating substantial profits apart from just simply trading cryptos by buying low and selling high. One such innovative way of generating profits in the crypto space without trading is running Masternodes, which have increasingly become popular. Simply put, Masternodes are a series of servers that underpin a blockchain’s network. Masternodes maintain the blockchain by allocating the task of validating the blockchain to machines that are not previewed…
5 years ago
Publish your own article
Guest post article. Guaranteed publishing with just a few clicks
START PUBLISHING ADVERTISE WITH USBrowse categories
Explore trending topics in the crypto community right now.
Bitcoin
SEC Greenlights Multiple Bitcoin ETFs, Signaling Major Leap for Cryptocurrency Markets
The U.S. Securities and Exchange Commission (SEC) has made a landmark decision by approving 11 spot bitcoin exchange-traded funds (ETFs). This move represents a significant moment in the cryptocurrency industry, marking a shift towards greater institutional adoption and accessibility for investors. The approved ETFs include products from major firms such as BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust, ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETP Trust, WisdomTree Bitcoin Fund, Fidelity Wise Origin Bitcoin Trust, VanEck Bitcoin Trust, Invesco Galaxy Bitcoin…
Marius Bogdan Dinu 
@bdinu89
@bdinu89
1 year ago 
597 views
Bitcoin Should be Banned in the United States: Charlie Munger
Berkshire Hathaway’s vice chairman, Charlie Munger, called for a ban on cryptocurrency in the United States on Monday, similar to the one in China. In an op-ed published with the Wall Street Journal, Munger argued that Bitcoin isn’t a currency, commodity, or security, but simply a form of gambling “ with a nearly 100% edge for the house. As such, the enactment of a federal law should ban such things from happening. Munger cited the Chinese communist party’s ban on…
2 years ago 1.5 k views
Tesla’s BTC Positions Remained Unchanged in Q4 of 2022
According to a new earning report from automotive manufacturer Tesla, the company did not sell any of its BTC holdings in the fourth quarter of 2022. Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash. Tesla Maintains Holdings After Initial Sell-Off In Q2 of 2022, Tesla opted to sell 75% of all its BTC. The car manufacturer received close to $950M in exchange. Notably,…
2 years ago 1.5 k views
Here’s When Grayscale Debates the SEC in Court on its Bitcoin Spot ETF
The District of Columbia Court of Appeals has marked a date for when Grayscale and the Securities and Exchange Commission (SEC) may present oral arguments regarding the approval of a Bitcoin spot ETF. Each side will present its case at 9:30 am ET on March 7, with the SEC arguing against the product, and Grayscale arguing in favor. Grayscale VS SEC The court date – revealed in a court order filed on Monday according to CNBC – is much earlier…
2 years ago 1.8 k views
Ethereum
Ethereum’s Zhejiang Staking Withdrawal Testnet for Shanghai is Live
At 15:00 UTC on Wednesday, the much-anticipated Zhejiang testnet for staking withdrawal went live on Ethereum’s Beacon chain. Zhejiang will enable the testing of the Ethereum Improvement Proposal (EIP) 4895 which allows for staking withdrawals. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Users Can Make Simulated Withdrawals with Zhejiang In a tweet yesterday, DevOps engineer at Ethereum foundation Barnabas Busa gave details about the Zhejiang testnet slated…
2 years ago 1.6 k views
Ethereum Devs Disagree Over Technical Tweak as Shanghai Upgrade Nears
Post-merge Ethereum users have been eagerly awaiting the commencement of the network’s next major upgrade, Shanghai. However, after over 3 months of prep time, it appears the Shanghai rollout isn’t going as smoothly as expected. What Exactly is the Shanghai Upgrade? In September last year, the much-publicized Ethereum Merge also known as the Ethereum 2.0 upgrade went live. Ethereum underwent some significant changes as its consensus mechanism transitioned from proof-of-work to a cost-efficient proof-of-stake system. However, since the Beacon launch…
2 years ago 1.6 k views
FTX Hacker Converts 50k Stolen ETH to BTC
Per a report from blockchain analysis firm Chainalysis, the attacker behind the Nov 11 FTX exploit, is converting the stolen ETH to Bitcoin. There were muted fears the seemingly inexperienced perpetrator could dump all its ETH holdings. On Sunday, the attacker dumped 50k ETH on-chain, with ETH's price dipping by almost 7%. https://twitter.com/chainalysis/status/1594349583416840199?s=20&t=pgvQHeVytI20eKQ1ls9bxw Hacker Moves 50,000 ETH to New Address Over the past week, the perpetrator had been steadily swapping the cryptocurrencies they had carted off for Ether tokens. This…
3 years ago 1.9 k views
Censorship Concerns: 51% of Ethereum Blocks Now OFAC Compliant
According to new data, over half of the blocks on the Ethereum network now reportedly comply with the US Treasury OFAC’s standards. This comes roughly a month after the platform’s monumental merge update. Phasing Out Tornado Cash The Office of Foreign Assets Control is the intelligence and enforcement agency of the US Treasury Department. Indeed, the OFAC administers and enforces US financial sanctions. A prime example of this is the recent, highly-publicized ban on crypto mixer Tornado Cash. According to…
3 years ago 1.8 k views
Trading
How to Leverage Arbitrage Opportunities in Crypto Markets
Cryptocurrency arbitrage has become an increasingly popular investment strategy as the crypto market grows and evolves. Arbitrage involves taking advantage of pricing discrepancies between markets or exchanges to profit. Investors can leverage profit opportunities by understanding cryptocurrency arbitrage while managing associated risks. In this guide, we'll explore cryptocurrency arbitrage and how it works. A Bitcoin-related example will help us illustrate the concepts of this strategy. What is Arbitrage and How Does it Work in Crypto Markets Crypto arbitrage trading is…
2 years ago 3 k views
The Different Types of Copy Trading in Crypto
Are you interested in trading cryptocurrencies but feel intimidated by the complexity of the process? Copy trading is a great way to get into crypto without needing to be an experienced trader. With copy trading, investors can benefit from the experience and knowledge of more experienced traders, allowing even beginners to succeed. How does copy trading work, and which tips do you need to know to succeed? In this article, we'll explore all aspects of copy trading in crypto. What…
2 years ago 1.7 k views
How to Spot an Unsafe Crypto Exchange
Cryptocurrency exchanges have become increasingly popular as they provide a platform for people to buy and sell digital assets. Unfortunately, not all crypto exchanges are safe or reliable. With the rise of cybercrime and fraud, you must learn to spot an unsafe crypto exchange before investing your money. This guide will help beginners identify and avoid potential risks when selecting a cryptocurrency exchange. The Role of Crypto Exchanges on the Digital Assets Market Cryptocurrency exchanges play a crucial role in…
2 years ago 2.2 k views
What Is Grid Trading in Crypto?
Crypto grid trading has become a popular strategy because of its ability to help traders capitalize on market volatility. Grid trading means you can produce consistent profits by taking advantage of price differences in different markets or time frames. By establishing buy and sell orders at predetermined intervals, you can take advantage of these fluctuations in an automated way. This guide will explore the different aspects of grid trading and provide an overview of its benefits, challenges, and more. Through…
2 years ago 1.6 k views
Tech
Introducing una Messenger: A Paradigm Shift in Blockchain Connectivity
The digital landscape is set for an unprecedented transformation with the introduction of una Messenger, the latest innovation from web3 development powerhouse Wemade. This platform represents an evolution of the "PAPYRUS Messenger," serving as the cornerstone of the ambitious "unagi" initiative, aimed at catalyzing the mass adoption of blockchain technology. The "Unbound Networking & Accelerating Growth Initiative" seeks to bridge the divides between diverse blockchain services and networks, heralding a new era of interconnectedness. A New Frontier in Blockchain Communication…
Marius Bogdan Dinu
@bdinu89
@bdinu89
1 year ago 574 views
Bit2Me Champions WEMIX Token in Pioneering European Listing
Bit2Me, Spain's premier virtual asset exchange, has recently broadened the horizons for cryptocurrency enthusiasts by listing WEMIX, the cornerstone token of the WEMIX3.0 blockchain ecosystem. This marks a notable achievement as WEMIX's inaugural venture into the European market, emphasizing the token's role in facilitating a range of blockchain-based activities, from gaming transactions to decentralized finance (DeFi) applications. Launched with the intention to democratize access to WEMIX for the 450 million Spanish speakers around the globe, this strategic move aligns with…
Marius Bogdan Dinu
@bdinu89
@bdinu89
1 year ago 404 views
CryptoVirally Expands with Fresh Crypto Marketing Offers and Cointelegraph Upgrades
In an exciting update for the cryptocurrency marketing landscape, CryptoVirally has announced a series of new entries and enhancements to its already comprehensive range of services. These updates, aimed at providing tailored marketing solutions for crypto projects, include new limited-time offers and expanded options for Cointelegraph publications. Limited Offers: A Game-Changer in Crypto Marketing CryptoVirally's limited offers section presents an enticing opportunity for crypto projects to leverage high-impact marketing services at discounted rates. These offers, available for a limited period,…
Marius Bogdan Dinu
@bdinu89
@bdinu89
1 year ago 465 views
Breaking Boundaries in Blockchain: WEMIX’s ‘una Wallet’ Sets New Standard for Multi-Chain Asset Management
The WEMIX Foundation has unveiled 'una Wallet,' a revolutionary digital wallet designed to offer unparalleled convenience and security in managing digital assets across various blockchain networks. The announcement, made on January 17, 2024, signifies a new era in the seamless integration of multiple blockchain protocols, including Arbitrum, Avalanche, BNB Smart Chain, Ethereum, Kroma, Optimism, Polygon, and WEMIX3.0. 'una Wallet' is more than just a digital wallet; it represents the culmination of WEMIX's innovative efforts in the blockchain space. It serves…
Marius Bogdan Dinu
@bdinu89
@bdinu89
1 year ago 592 views