One of the key arguments used in opposition to cryptocurrency is the lack of real-world value. The makers of the upcoming 3D-Token have completely sidestepped that argument, augmenting their existing business structure with a cryptocurrency that effectively fuels their 3D printing network. Politronica is an offshoot of the well regarded Italian Institute of Technology in Turin, Italy. Throughout the past decade, the Institute has received multiple grants from the Italian government to fund experimentation in the field of 3D printing – something that the Institute has since excelled at.
Over the course of the past year, they have started prototyping their “Just In Time” factory model. This proof of concept model contained one hundred 3D printing units and had 50 members within the network to stress test the system. The prototype was a complete success, and Politronica is ready to start deploying their “Network Robots’ Workforce’ at production scale. They are expecting to increase the number of printers by a factor of 30, and increase the network member size accordingly. To do this, they will use the 3D-Token blockchain as a facilitator. They are hoping to see over 20 million hours of effective production per year, once the workforce is fully up and running.
The 4pointzero.net Factory
Politronica envisions a centralized factory space where customers can pay for production time through their Network Robots’ Workforce. They’ve titled this factory 4pointzero.net, and it will exist as a means to easily lease 3D printers. The leases are by necessity short term and would be used to produce a limited run of products. This, in turn, allows the customer to produce items on an as-needed basis, avoiding inventory costs while still providing products to the end consumer promptly. While they have proven that the technology is functional, they have yet to fully integrate the blockchain network into the system. That’s the next hurdle they have to cross, but their academic pedigree suggests they will succeed.
3D Printing is an explosive emerging technology and has finally reached a level of public acceptance and mass adoption. The cheapest 3D printers are now becoming comparable in price point to higher-end traditional printers. Industries are looking at the myriad ways they can incorporate 3D Printers into their production processes, with some specialty manufacturers converting entirely to a printer based business model. Even assuming that demand remains where it is today, rather than rises as predicted, leased 3D printing time would come at a stiff premium.
Integration of the 3D-Token
To help combat this inevitable traffic jam of consumers looking for 3D printing solutions, Politronica has developed the 3D-Token, or 3DT, cryptocurrency for use within their factory. The ERC20 smart contract capable token exists as a digital stake in production time at the 4pointzero.net Factory. Holders can spend the token to reserve production time within the Network Robot’s Workforce, and ensure that their inventory arrives promptly. The customer can stockpile an amount of 3DT necessary to ensure that they can always provide the inventory that they will require, while not having to spend the money to keep the inventory in stock.
As with any cryptocurrency, it can also be traded person-to-person on an exchange or through Politronica’s own 3Dwix.com network, ensuring a consistent value against the Ethereum standard. The token can also always be sold back to Politronica, should the customer decide that they will no longer require that reserved production time. There is also an intention to create 3D-crowd.com, a form of crowdfunding site where users can donate 3DT to start-ups seeking to fund their 3D printing based projects, efficiently crowdsourcing the leased printer time itself.
Blockchain Technology in Parallel with Bleeding Edge Manufacturing
3D-Token shows a complete synergy between two emerging technologies; Blockchain networking and 3D printer manufacturing. Both industries are seeing almost unprecedented growth, and Politronica has managed to combine the two in a way that legitimately uses the strengths of both. Their token generation event sold out in only ten days of the expected two-month pre-sale period. This suggests the cryptocurrency investing public at large has confidence in both the existing Politronica infrastructure, and their intended final product.
You can watch the ICO live here.
You can also scroll through the whitepaper here.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of Jenna Fox via Flickr
Launch of First Ever XDB/ZUSD Pairing Announced to Support Global Gaming Industry
The XDB Foundation has recently announced the first pairing of XDB with the new Zytara Dollar (ZUSD) on global cryptocurrency markets. The Biki cryptocurrency exchange will be one of the first platforms to provide access to the XDB/ZUSD trading pair.
“We are really excited to see the debut listing of the XDB/ZUSD trading pair,” says Michael Gord, the XDB Foundation’s Managing Director, “Asia-Pacific accounts for a significant portion of the global gaming community, almost 50%, and BiKi is perfectly situated to support this geography. We’re really happy to welcome them into our partnership ecosystem.”
The protocol layer blockchain DigitalBits is designed to support branded stablecoins and other branded currencies across a variety of use cases, offering crucial support to the global esports industry. The platform solves many of the issues involved in global tournament prize payouts, as well as enabling around the clock real-time payment transfers and global monetization of in-game currencies. Developers will also be able to create programmable incentives for gamers, therefore increasing fan engagement.
Issued by a regulated financial institution, the ZUSD is designed as currency for the future of the gaming and esports industry and beyond. The programmable dollar moves anywhere in the world at the speed of the Internet, and is redeemable…
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
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…