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Aelf (ELF) is Working on Mass Adoption with Innovation Alliance

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Aelf

Aelf has been doing more than well lately as this currency managed to break through the value of 1$ per one unit while managing to break through this price and head towards acquiring 2$ per one ELF unit. However, that is not the hottest topic revolving around this currency. Aelf just started to work on getting blockchain technology massively adopted for business purposes while joining the Innovation Alliance. Let’s see what Innovation Alliance stands for and what role does Aelf have in the story of the mass adoption of blockchain technologies.

Aelf and the Innovation Alliance

Aelf tweeted yesterday on May 3rd about having the Innovation Alliance Signing Ceremony held in Singapore together with several foundations and companies that have agreed to become a part of the alliance that is set to move blockchain-based technology towards the next step in its development stage. That means that the Innovation Alliance will be working for the cause of having crypto assets massively adopted in the sense of presenting the blockchain technology as easily adaptable to the mainstream market.

Besides from Aelf, that started this alliance on the head with Zhuling Chen, the Innovation Alliance will be joined by FBG Capital, which is a massive hedge fund in the area of blockchain industry, Signum Capital, which is the most important and possibly the most valuable blockchain fund in Singapore, Huobi Labs, and Michael Arrington, who is the founder of TechCrunch.

With all these companies on Aelf’s side, the Innovation Alliance has officially started with the signing ceremony in Singapore.

Zhuling Chen, the CEO and founder of Aelf next generation blockchain platform, stated on this matter that the Alliance will be aiming at drawing in small business owners as well as big companies alike in order to incorporate the blockchain industry into the traditional way of doing business.

He stated on this matter that small business owners and companies are still not sure how many perks they can get with using blockchain technology, so the experts included in the Innovation Alliance will get involved in actively promoting blockchain technology as well as educating small business owners and company moguls about real life usage of blockchain assets and blockchain-based technology.

In order to support the idea of having companies and business owners accepting blockchain technology, which would consequently lead to the mass adoption of blockchain as well, Aelf and the Innovation Alliance will provide all the resources needed for the project.

With these resources and professional support and advice, business owners will be able to learn more about blockchain technology including the learning how they can easily incorporate blockchain into their business.

The resources will be provided to the industries of gaming, supply chain and banking, which means that the multi-billion worth of industries should be covered with the resources provided by Aelf and the Innovation Alliance.

The official release on this matter stated that the role of ELF team in this Alliance would be supported in a way that Aelf’s platform would represent the Central Business District that would make up as a support for all business owners interested in incorporating blockchain technology into their business ventures. Along with support from the platform, all interested business owners will be able to operate their business apps on top of Aelf’s own chains.

This is a massive step for Aelf and the blockchain industry, however, there is a lot of work to be done before Aelf and the Innovation Alliance is able to achieve the goal they have set.

How is Aelf doing at the Current Moment?

Aelf has been doing an amazing job for more than a week as this currency has been trading in the green for a prolonged time. During its massive rebound, EFL even managed to break through the value of 1$ per one ELF unit, going towards achieving 2$ per one Aelf token.

However, in the last 24 hours, ELF has had a drop in its price which made it trade in the red against the dollar while its value consequently dropped. Perhaps, ELF holders wanted to cash in on the latest gains, so they decided to sell a portion of their units.

That is how Aelf is currently dropping at the rate of -5.13% against the dollar while trading in the red.

Aelf is also dropping against BTC by over 10%, while it is going down against ETH for over 14% against this cryptocurrency, which means that Ethereum and Bitcoin are doing more than well when compared to the current situation in the market for ELF.

After the latest change in the market, Aelf can be purchased at 1.77$ per one unit, which is pretty close to its all-time high of around 2$ per one unit, which was revisited with the most recent rise before the initial drop of over 5% against the dollar.

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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 and read our full disclaimer.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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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 been…

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