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Cell Evolution raises 5 million RMB at more than $4.5 million USD valuation

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Nebulas (NAS)

Blockchain gaming dapp Cell Evolution has raised $750,000 at a $4.5 million valuation. Cell Evolution is the first decentralized strategy and sandbox game application built on the blockchain. It was also the first Monthly Champion, and second Weekly Champion, of the Nebulas Incentive Program. The game’s success demonstrates the potential of gaming apps in the blockchain sector, and the importance of blockchain decentralized app (dapp) platforms to foster a supportive environment for quality developers.

The blockchain gaming space has received a significant show of Cell Evolution, a blockchain-based game and the first Monthly Champion of the Nebulas Incentive Program, has raised a 5 million RMB round led by the Nebulas Foundation. Joining the investment were the gaming platform Cocos Blockchain Expedition and Byte Capital, with DappReview serving as a financial advisor during the funding round.

The work of developers, especially game developers, on the Nebulas blockchain has not gone unnoticed. Cell Evolution’s funding round values it 30 million RMB. This reflects the quality of this game, but also the potential of the blockchain space, and in particular blockchain gaming. Moreover, it demonstrates the importance of developer-friendly blockchain ecosystems and their role in incubating quality blockchain dapps like Cell Evolution.

The mind behind Cell Evolution, a young man named Ling, is in his own words an “iron-headed developer,” alluding to a Chinese proverb about one’s fearlessness, stubbornness, and ingenuity the overcome obstacles. It only took Ling 10 days to complete the development of Cell Evolution, a sandbox strategy game based on biological science, on the Nebulas blockchain.

Since first deploying his game on Nebulas, Ling has continued to refine Cell Evolution. The Nebulas Foundation, meanwhile, has continued support Ling’s efforts even after awarding him with 1.1 million RMB because of his performance in the Nebulas Incentive Program.

Ling is young but has rich game development experience. In elementary and middle school, he wrote RPG games in Lava, a programming language, on Wenquxing e-dictionary software. In university, he continued to pursue his passion and created a game, along with four teammates, that made it into Apple’s Top 100 in the App Store.

More recently, Ling has moved into blockchain amp development. His efforts here began with Cryptopokemon, which he developed on the Ethereum blockchain, but this wasn’t an ideal developer environment for him. Smart contract development costs were too high, and there was a lack of developer support in Solidity and Web3. These problems were especially acute for developers in China.

Ling’s blockchain game development ambitions were jumpstarted after he discovered the Nebulas blockchain. Strong draws were the Nebulas Incentive Program, which rewards developers who built quality dapps on the blockchain, as well as the blockchain’s for smart contracts and dapps written in Javascript, which has fostered a budding blockchain developer community around the world’s most popular programming language.

Unlike traditional online and mobile games, Ling believes blockchain games need to be built around decentralized community, rather than a single centralized gameplay experience. In Cell Evolution, each player is a biological cell, which must balance adaptability, survivability, and fertility to grow and survive. The cell’s growth and data are dependent on the surrounding environment, including the evolution of other cells in the game, and is uploaded to the Nebulas blockchain accordingly. The destiny of the entire cell world is determined by the data of all players. If the balance of the cell population is disturbed, the entire ecosystem will be affected and fail to evolve.

Cell Evolution quickly caught the attention of the game and blockchain industries. DappReview commented that the game had “separated itself from the old routines of pet-collectible games by typical in blockchain.” Instead, Cell Evolution is a sandbox-strategy game based on solving puzzles, which allows any player to thrive according to the intelligence, creativity, and originality of their ideas.

Blockchain’s potential as the future of gaming becomes increasingly more clear. Encryption and decentralization on blockchain not only makes games more secure but more importantly opens new possibilities around enabling players to re-use, trade and develop gaming assets and features in ways previously not possible.

Gaming, after financial solutions, is widely seen as the most likely area for blockchain’s killer app. the early signs here are promising. Nebulas is already home to a number of promising blockchain games, including Dinosaur Paradise, the Genesis of Dinosaur Planet, and Hidden World OL. Among these, Hidden World OL has received strong attention from other public blockchains. NEO, QTUM, and EOS, who have expressed their interest in bringing the game’s developers to their platforms, after it won the Weekly Champion award in the fourth week of the Nebulas Incentive Program.

SOURCE Nebulas

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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A Guide to Exploring the Singaporean ETF market

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Singapore’s Exchange Traded Fund (ETF) market has grown, offering investors diverse investment opportunities and access to different asset classes. As the market evolves, investors must navigate these uncharted waters with a clear understanding of Singapore’s ETF landscape. This article explores the trends, challenges and strategies for navigating the Singapore ETF market. To start investing in ETFs, you can visit Saxo Capital Markets PTE.

The Singaporean ETF Market: Exponential Growth

The Singapore ETF market has seen significant growth in recent years, with an increasing number of ETFs covering a wide range of asset classes and holders. different investment topics. 

One of the notable trends in the Singapore ETF market is the growing diversity of available options. Investors can now choose from ETFs that track domestic and international stock indexes, bonds, commodities, and specialist sectors or themes. This diverse range of ETFs allows investors to create comprehensive portfolios tailored to their investment goals.

The growth of the ETF market in Singapore is also due to growing investor demand for low-cost, transparent, and accessible investment vehicles. ETFs offer benefits such as intraday liquidity, real-time pricing, and the ability to trade on exchanges. These characteristics have made ETFs attractive to retail and institutional investors who want exposure to different asset classes.

Regulatory Landscape and Investor Protection

The Monetary Authority of Singapore (MAS) is the…

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Property Loans for Foreigners in Singapore That You Must Know About

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property loans for foreigners in Singapore

Intending to invest in a residential or commercial property in Singapore?  

When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.  

In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.  

HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE? 

As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.  

In this sense, Singapore has the Loan to Value Ratio (LTV).  

The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:  

  • If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000. 
  • When you are applying for a loan with a Housing…
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CoinField Launches Sologenic Initial Exchange Offering

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Sologenic

CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play.  The desktop version is available for Windows and Mac.

“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…

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