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Cardano venturing into new territories with VR enabled Blockchain education

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Cardano

There is no denying that we are living in a fast-paced world of technological advancements. For instance, Virtual Reality has come a long way and currently, there are all sorts of VR experiments going on in the education space where the technology is being used to explore and study virtual concepts as tangible objects. In fact, the Cardano team is already at work in this sector.

Cardano is making bold moves into these uncharted territories with a bid to create the first of its kind 3-D environment that will enable users to navigate and explore tangible concepts of Blockchain technology. Granted, the world has already had a fair introduction to Blockchain technology with the advent of Bitcoin, however, this new project is set to allow people to understand specific details.

The Symphony of Blockchain project

If word from IOHK is anything to go by, the complexity of both Blockchain and the current state of VR makes up a perfect combination for a space that is ripe for disruption. Charles Hoskinson, the CEO at IOHK, mentioned that

IOHK has a commitment to both education and design

He also added that the move to use VR to educate people on Blockchain technology is “beautiful as much as it is functional and our hope is that it will help make Blockchain truly understandable for a whole new audience”.

The plan by IOHK (the organization backing the Cardano project) is to give the world a top gift that will enable visual and understanding of Blockchain technology using captivating VR technology.  People will be able to interact with the hidden concepts that make up Blockchain technology in an entertaining and easily digestible manner.

After all, IOHK is already enabled with interactive and imagery text features that allow visitors to its website to dig deep into understanding what Bitcoin is with clickable Bitcoin blocks and music that deliver detailed information and understanding.

Taking Blockchain understanding further

IOHK is working closely with a creative studio based in the UK in a project termed the Symphony of Blockchain, to create a web-based experience that will be a combination of an auditory as well as visually interactive experience that allows people to explore the concept of cryptocurrencies and Blockchain technology.

According to the projects team leader, the journey so far has been fascinating as the team has had the opportunity to “learn a lot about this underlying technology and sort of finding it a metaphor in which we can use this as a means for people to compare different cryptocurrencies”.

He also added that the team behind the project is poised to make the experience a once in a lifetime event that will eventually educate users and give them the tools they need to adequately compare cryptocurrencies such as Bitcoin, Cardano, IOTA and the likes. Users will also be able to understand the concept of forks and even go back to specific dates when the forks happened and get complete details in a fun and entertaining manner.

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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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