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IOTA: Partnering up with Volkswagen
After a pretty rough patch that all major cryptocurrencies went through, IOTA, along with some other currencies, is slowly recovering from the devastating drops. With the new partnerships on the rise, Iota is looking forward to a bright future, slowly starting to deal in green again, although far from its all-time high. Let’s see what Iota has been up to these days.
IOTA and the New Partnership
It seems that the series of bad news about Iota didn’t affect the progress of their development team as they have managed to seal another great partnership. This time they have sealed the deal with Volkswagen.
The two have managed to connect at the Connected World conference where they discussed the future of decentralized platforms and smart cars. The reason for sealing the deal with Iota is the fact that the Volkswagen team believes that the future of smart cars might lie within the technological possibilities of decentralized blockchain-based platforms.
The fact that more and more companies and institutions are getting into partnerships with cryptocurrency projects, actually tells a lot about the influence digital values are set for years now. The partnership talk started out in January 2018 when it was finally concluded a couple of days ago, with the Volkswagen’s CDO being chosen as a part of Iota Foundation supervision board.
This concluded the partnership between Iota foundation and Volkswagen. It is expected that Iota will now start to slowly recover from the latest drops, looking forward to establishing a strong partnership with Volkswagen and their CDO.
How is IOTA doing at the Current Moment?
After a rough week that brought fall in price to many different tokens and coins, finally on February 25th, Iota started to recover. This currency was trading in green during the mentioned time with a new rise that brought the price up.
But, just when everything seemed to be “getting back to normal” for this coin, there was the latest change in price that wasn’t viewed upon with approval. The latest change in Iota’s price made its value drop for -4.62% against the dollar, although this currency traded at a raised price at over 5% up against the dollar.
The current price Iota is being traded under, is 1.83$ per one unit, while the previous price was a bit over 2$ per one unit. This coin is still holding onto the 10th place on the global coin ranking list, so it is expected to see at least a minor improvement in its price. IOTA is looking at another raise that occurred in the last 24 hours on the first day of March.
It seems that March started off on the right foot for Iota as this currency is now dealing at 1.97$ per one unit, after a rise of 2.74% against the dollar. In case Iota continues to grow at the current pace, it is no doubt that this coin could soon regain its previous all-time high price.
For everyone interested in investing in this currency, the right time for investing might be now as this currency is trading at a very affordable price.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of Spanish Coches via Flickr
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
Altcoins
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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