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Ontology Olympus Accelerator, Partnerships and More

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Ontology

Ontology had announced the launch of ecosystem accelerator, Ontology Olympus Accelerator (OOA) in early June. Released in the cryptocurrency market in March 2018, the high-performance public multi-chain and a distributed trust collaboration platform Ontology has already made it to the top-20 cryptocurrencies in the world. (As per coinmarketcap.com, 20th June 2018) The program summons product experts and technology from different fields to join hands in entrepreneurship and develop various business applications. These applications will be based on Ontology’s new public chain infrastructure that will help in creating an open source, collaborative distributed trust ecosystem. The Ontology Olympus Accelerator program has been structured to support all technical, funding, marketing, and legal works. The Ontology Foundation has decided to invest 1.5 billion USD worth of tokens approximately. These tokens will be used to support the teams selected and the existing start-ups.

Ontology Olympus Accelerator will facilitate custom business chain development, blockchain-based general hardware service platforms, collaboration with industry partners from different sectors, ecosystem community collaboration, Ontology user system collaboration and so on. Apart from these, OOA will add more ecosystem incubation depending on the requirements of the ecosystem. Ontology Advisors Group (OAG) has been created to offer different strategies and provide proper guidance for the Ontology ecosystem. Ontology Global Capital (OGC) has been created to provide support through funds. The project that will receive funds will be decided by a top blockchain ecosystem investment team. It is expected that Ontology will bring out the Ontology Olympus Accelerator details in July.

“Building the trust ecosystem goes hand in hand with the technology, applications, and governance of Ontology. This is nevertheless a huge and arduous task. We decided to launch the Ontology Olympus Accelerator precisely to develop the Ontology trust ecosystem and accomplish its goals. We hope with this accelerator program that more talent and applications can be added to the Ontology ecosystem, integrating technical elites internationally and the technical strengths of various partners to jointly build our cross-chain, -system, -industry, -application, and-terminal distributed trust ecosystem.”

  • Jun Li, founder of Ontology (ONT)

Partnership between Ontology (ONT) and CarBlock (CAR) Transport System

With the help of Ontology chain network model CarBlock will build a blockchain-based transport data platform. The collaboration will be between intelligent vehicle hardware and the technology behind Ontology. The upcoming months will be crucial as to what will be the output of this partnership. CarBlock will have the function of developing the platform that will store transport data depending on the information relayed by the blockchain technologies provided by Ontology and CarBlock. The chain network system of Ontology and the Internet of Things capabilities of the CarBlock ecosystem are crucial in this project.

The use of the distributed ledger technology in the transport system has the capability of rejuvenating the US automotive industry. Even though the industry amounts to nearly $1 trillion USD, it is facing stiff competition from markets of other countries. Ontology has had a big part in this latest venture of CarBlock as per its founder’s opinion. On the part of the Ontology network, it is another step towards collaborating blockchain technology with real economic strategy. In Jun Li’s words, “Our partnership with CarBlock will ensure effective circulation of transport data, integration of Ontology with the smart transport field, and overall enrichment of the Ontology ecosystem.” It should be remembered that the ultimate goal of Ontology is to create a global ecosystem that will ensure a secure and trusted economic system.

Partnership between Ontology (ONT) and Contentos

Ontology (ONT) and Contentos has grabbed the attention of the content industry with their recent partnership announcement. They will join heads to work on two projects that will aim at blockchain research, developing applications as well as community building. The technology of Ontology Global Capital will redefine the content industry by investing in Contentos. The first joint project has been named as “Multiple Blockchain Solution Initiatives”. It will be focused on integrating digital content industry with the physical world such that it will meet the need for better cooperation opportunities and service experiences within the society. The objective is to establish a bond between the distributed digital systems and physical businesses and how it will be incorporated in various industries. The focus is also on creating a simplified system such that anyone can enjoy the benefits.

“Broad Cooperation in Blockchain Development” is the second project that will further the decentralization of the content process. The focus of both the teams (Ontology and Contentos) is on taking an open-minded approach when building their blockchain, and in the process, eliminate the ongoing competition among public chains trying to differentiate themselves from each other.

Price details

During the Q1 phase and its remnant effects in the early Q2 phase of 2018, Ontology (ONT) was one of the rare crypto coins that managed to maintain an overall bullish trend. The price of ONT at the time of writing, as per coinmarketcap.com, shows approximately $6.52 USD. The market cap of ONT is nearly $986,558,117 USD while the volume (24h) is over $102,775,000 USD. (As of 20th June 2018)

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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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