Amidst the frenzied rush in-and-out of Ethereum (ETH) last night, a new coin was added to one of the world’s most frequented exchanges. Vibe (VIBE) appeared on Binance less than 24 hours ago, and its popularity has rapidly increased since. With a volume only rivaled by Tron (TRX) and Ripple (XRP), investors in this fast-growing altcoin are giddy from the anticipation of their digital-wallets expanding with fiat value.
And they may yet be rewarded. After all, the virtual reality (VR) entertainment industry has been heavily hyped by enthusiasts as the way of the future. And it may come faster than any of us expect. The VR world grew leaps and bounds in the past year(s) as the public was introduced to products such as Oculus Rift and Samsung Gear VR. But the appeal hasn’t truly gone global (yet). And the future of this developing technology may be linked to the buy-in of a brand new global market-place.
Enter the Blockchain
The decentralized nature of the Blockchain has ushered in great wealth from institutions and early adopters around the world. The next step in the expansion of the crypto-universe will likely need to come from public buy-in. And it’s already occurring. As the public begins to speculate on the future, courtesy of Binance, et al., they will likely invest in a coin representing a technology they already understand. And if the next tranche of support comes into the market, as I suspect it will in the coming months, VR and VR companies on the blockchain just may solidify themselves as mainstay products.
So Let’s Check it Out
If you’re like me, you don’t jump head-first into a new altcoin just because of an exchange listing. So what makes Vibe (VIBE) different from its blockchain competitors? And what can investor sentiment tell us about the future of this potential gem?
Vibe (VIBE) is the world’s first crypto-based VR marketplace. Providing artists and educators a platform to reach their virtual-audience, Vibe (VIBE) allows content creators to monetize their products using what they dub as ‘volumetric video’ and other virtual assets. While other VR coins have been known to monetize virtual assets, Vibe (VIBE) creates a platform for multiple VR experiences. A one-stop-shop, if you will.
With a pretty hefty collection of partners, including PlayStation (PS4) and Microsoft HoloLens, not to mention the above-listed gear by Oculus and Samsung, we begin to see why investor sentiment has started to gain traction. Having captured their first volumetric performance (in line with their roadmap for Q4, 2017) Vibe (VIBE) is now looking to integrate their off-chain solution to microtransactions before hosting their first live VR performances (utilizing the VIBE currency, of course).
Having dropped on a major exchange in the midst of an all-out brawl between investors fighting to secure their gains from the year, month and week before, Vibe (VIBE) surprised us with its resolve, as it looks to weather the storm that (temporarily) hangs over the market. As the clouds part, however, and the Ethereum (ETH) flows once again into our favorite holds, like runoff into our digital storm-drains, Vibe (VIBE) looks a solid choice for long-term gains. Sitting at US $1.80, a bit down from its highs over the past day, it may be ripe for some temporary action as well. The chances of one or the other happening don’t seem too hard to call. And as the crypto space expands its market-cap once again, the chances a number of our favorite altcoins benefit from a global cash-influx isn’t such a gamble. In fact, it’s a virtual guarantee.
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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 coinmarketcap.com
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…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
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…