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War of Crypto Unveils an In-Game Cryptocurrency That Contains $600 USD Worth of Another Cryptocurrency

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War of Crypto (WoC) a blockchain-based PvP multiplayer game for PC, Android, and iOS has just announced via Twitter that their most valuable in-game ERC-1155 token will be a character named Daagon that comes with a “Golden Potato Skin”. There will only be 10 copies of this hero, they will all contain 10,000 in Enjin Coin (ENJ) each, and they will be one of 11 rare Heroes available during WoC’s pre-sale. These heroes will be the first ERC-1155 tokens to ever go on sale, and some of the first cryptocurrencies to be backed by another cryptocurrency, Enjin Coin. War of Crypto’s pre-sale of characters will begin on the 28thof July and will offer a range of heroes and skins that will only be attainable through peer-to-peer markets, once the pre-sale has completed.

“To certify the value of our pre-sale items, we’ve decided to back them with 300,000 Enjin Coin, valued at $30,000 at time of creation. This is the first time anyone has ever used cryptocurrency in this way,” said Lucille Games CEO Daniel Matias.

“Only 1,500 pre-sale heroes with special skins will be created, and they will not be reproduced after they’ve sold out. Considering that an ecosystem of potentially more than 100,000 users post-Beta will generally hold millions of heroes, these pre-sale items will be insanely rare and valuable to our player base.”

As a cryptocurrency, Enjin Coin is comparable to a digital gold standard for blockchain items. Any business that uses Enjin’s development kits places an amount of ENJ inside each item, primarily to certify that the item was created using Enjin’s development toolkit and therefore plugs into the Enjin Coin ecosystem. This ensures that items are supported by the necessary ERC-1155 compatible smart contracts, wallet apps, blockchain explorers, APIs, and scaling solutions. As a secondary utility, ENJ enables projects to offer investors a guaranteed cryptocurrency value stored within their items.

During the pre-sale, the War of Crypto team will be accepting ENJ, Ethereum (ETH), and Fiat for purchases. During War of Crypto’s pre-sale, investors can purchase crystals that will go up in price as the pre-sale continues. Once obtained these crystals will transform into random unique heroes with exclusive skins. War of Crypto is using ENJ to certify the value of these items, however, they could be sold for a lot more on the open market. These skins are extremely rare, once the pre-sale completes they will never be created again and will only be available in peer-to-peer markets. That means pre-sale investors will completely control the market for these items.

Although the game is in the early development stage, its gameplay can be described as a mix between Clash of Clans, Hearthstone, and Pokémon. War of Crypto heroes will be stored on the blockchain, giving players full sovereignty over their in-game assets. This means WoC’s characters will be more decentralized, transparent, immutable, and secure than characters in other games. A detailed history of each hero will remain permanently on the blockchain, allowing game characters to maintain interesting user-defined backstories. This is expected to become a gameplay feature in and of itself.

War of Crypto will utilize the Enjin Coin ecosystem to integrate their items into the blockchain. Enjin Coin, inventors of the ground-breaking ERC-1155 token standard which enables game developers to create tokens more feature-rich than Bitcoin, Ethereum, or even Enjin Coin itself, is now releasing their next-generation smart contracts to Mainnet. This will enable innovations such as cryptocurrency-backed items, detailed metadata, commissionable trading markets, and compounding items, all of which will be managed and authenticated by the Ethereum blockchain.

For more information visit http://www.warofcrypto.com.au

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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Taking the Booming Cosplay Industry to the Next Level with Tokenization

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In the past couple of decades, some aspects of Japanese culture have begun to spread like wildfire through the rest of the world. Foremost among them is the fascinating and thought-provoking world of Japanese comics and animation.

At the same time, it’s become increasingly popular for fans to interact with each other and express their enthusiasm for manga and anime through cosplay, where people dress up as their favorite fictional characters or even create their own.

In fact, cosplay has grown to be a jaw-dropping $45 billion industry, with no signs of slowing down anytime soon. However, the industry and its participants aren’t without problems.

At the top of the list of issues holding the cosplay industry back are those associated with copyright and revenue sharing. As with most any global industry, there is inefficiency due to language barriers, different currencies, and varying regulatory guidelines for intellectual property.

So, how can blockchain technology help? There are a handful of answers to that question, actually. A few are:

  • An immutable blockchain can be used to store records such that there is no longer any doubt about a piece of content’s original creator.
  • A blockchain can securely store and track user’s digital IDs in order to discourage harassment and other nastiness that prevails on online media forums.
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The race for No. 2: Ripple’s XRP is growing, and Ethereum is shrinking. Why?

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Over the last three weeks, Ripple’s XRP cryptocurrency has been raising in price slowly but steadily. As we write this article, it’s trading in green numbers at $0.422 even during the current bearish run of the market, which means despite regular market dips, it’s doubled its price in a relatively short time.

Moreover, for some days during the recent period, it’s been the world’s second coin, beating Ethereum. But will that be consistent? Should Ethereum be worried? Well, maybe. Ripple advancements and XRP’s massive growth is undoubtedly putting Ethereum’s dominance in question.

Ethereum came live in 2015, and it quickly became the most crucial blockchain in the world, second only to Bitcoin. It became the dominant platform for smart-contracts and many of today’s most exciting blockchain technologies came to life using Ethereum’s operating system (Tron and EOS are the primary examples).

But now, Ripple (XRP) grows while Ethereum is shrinking

Before this September 18th, the gap between ETH and XRP was huge. Ethereum’s market value more than doubled that of Ripple’s. As we write this article, the difference among both assets is around three billion (17 vs. 20 billion). If things keep moving in the current direction, this gap could close down, and even reverse in the next few weeks, if not sooner.

The recent XRP bullish run is the highest it’s ever had. It went up by 200% in fewer than four days just a couple of weeks…

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Just In: Ripple partner Santander expands its reach using SWIFT GPI

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There is a lot of buzz around Ripple and SWIFT concerning a possible partnership. However, this buzz around them has become more intense as Ripple’s partner, Santander, partnered with SWIFT to launch its services in countries such as Argentina, Poland, Spain, and the United Kingdom. The announcement came in today. The Spanish banking giant also plans to expand its services to further countries in 2019.

It is also important to know that there are high anticipations that Ripple may announce a breathtaking announcement during the forthcoming SIBOS 2018 Conference which is held by SWIFT, and set to take place in Australia.

The event is slated to hold on the 22nd to 25th of October. The main reason for the speculation that Ripple and SWIFT will be partners is since many FinTech companies – including banks – are using SWIFT for global cross-border remittances, and on the other hand, Ripple’s technology is becoming predominant to aid cross-border payments.

As a result of the partnership between Santander and SWIFT, Ripple’s community now see the opportunity that there may be a probable connection between Ripple (XRP) and SWIFT. This can also be attributed to the fact that Santander itself is in close partnership with Ripple, as it created OpenFx, which runs on Ripple’s blockchain protocol.

Santander believes that its partnership with SWIFT will help it deliver “rapid and frictionless cross-border with fast payment tracking.”

Eva Bueno Velayos, the GTB Head of…

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