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Digital Land for Sale: New AR Asset Enters Blockchain Market

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 Digital Land for Sale: New AR Asset Enters Blockchain Market Digital Land for Sale: New AR Asset Enters Blockchain Market

The Arcona augmented reality (AR) ecosystem has a lot on offer in April. The project has already developed state-of-the-art algorithms and received great feedback from experts and blockchain enthusiasts. Almost 7,000 people have joined the Arcona community.

The first digitalized zones will appear in 10 of the world’s largest megacities: New York, Rome, Paris, London, Tokyo, Beijing, St. Petersburg, Barcelona, Mexico City and Istanbul. A few of Arcona’s ICO participants already own plots of Digital Land. For example, in December 2017, a New York-based tech journalist obtained more than 328 feet in a Soho neighborhood.

Digital Land: What’s the market value?

The Arcona ecosystem, based on blockchain technology, has created a truly revolutionary asset called Digital Land. You can buy, sell, rent or donate it, or launch your own business or create an art project on it. The only difference between real land and this Digital Land is that the land you own is located in an AR layer being created and integrated across the globe.

Arcona’s Digital Land project represents a virtual impression of the planet’s surface tied to specific locations in the physical world, which is prepared for the remote placement of 3D content. So, even if you’re in New York, you can easily acquire a piece of digital land in the center of Mexico City and run an interactive exhibit there, without leaving your office.

But how can the liquidity of this new asset be determined? It’s very simple.

Let’s take London as an example. Its population exceeds 8.5 million people and an additional 19 million tourists visit every year. They are all potential customers. An innovative and high-quality AR project in a popular location can attract thousands of spectators providing ample opportunity to produce significant advertising income. Large audiences might be enticed by the launch of a virtual theme park or the broadcast of an exclusive pay-per-view show. It’s a standard business model: the reality is the only thing that’s different.

Real Profit in the Virtual World

If creative AR experiments aren’t your thing, you can still get involved by selecting plots in top business districts, historical centers and shopping areas. Such locations will always be in demand by those who want to develop interactive businesses. Therefore, there are great rental and leasing opportunities. Arcona will digitize lands with the greatest potential first.

Only participants of Arcona’s ICO will be able to purchase the most appealing Digital Land plots. Before Arcona tokens are released to stock exchanges, many closed auctions will be held with a starting price as low as 1 token per square meter of Digital Land.

The Arcona token is the basis of the system’s economy and its single internal currency. It opens access not only to digital land trading, but also to all functions and services within the Arcona ecosystem: 3D content trading, the design and presentation of AR projects and the opportunity to participate in the development of the ecosystem itself.

Creating a Community of Creators

There are significant advantages to joining the ecosystem earlier rather than later. Tapping into the roots of blockchain, Arcona proposes to make certain early decisions through consensus. The initial community of tokenholders will be able to vote on the sequence of land digitization, for the implementation of certain platform projects and to moderate disputes and resolutions.

All token owners will be able to offer technical and creative solutions to improve the platform’s overall performance. At the same time, the use of smart contracts will guarantee the intellectual property and copyright of each participant. The openness of blockchain technology along with smart contracts provides additional assurances for Arcona’s Digital Lands ownership rights, ensuring that all transactions within the system are reliable and transparent.

Arcona’s ICO launches on April 15. All participants will automatically be entered into a drawing for unique prizes. In March, a plot of Digital Land in the center of Tokyo was awarded to Yuri Dyatlov.

“My next trip to Japan and Tokyo is planned for late 2018,” Dyatlov said. “I might be coming to an unfamiliar country, but there’s already of plot of my own land waiting for me.”

In April a plot in Tokyo next to the famous Sensō-ji temple (金龍山浅草寺 Kinryū-zan Sensō-ji) in the Asakusa district went to Jhen de la Cruz. It’s a part of an ancient Buddhist monastery dating back to the 6th century, long before the modern city of Tokyo was founded.

This article appeared first on Cryptovest

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Jewelry companies team up with IBM on blockchain platform

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© Reuters. Logo of IBM is seen at the Mobile World Congress in Barcelona© Reuters. Logo of IBM is seen at the Mobile World Congress in Barcelona

By Anna Irrera

NEW YORK (Reuters) – Gold and diamond companies including Berkshire Hathaway (NYSE:) Inc’s Richline Group Inc joined with IBM (NYSE:) to develop blockchain technology to track the origin of jewelry and ensure it is ethically sourced, the companies said on Thursday.

The joint initiative dubbed TrustChain aims to make it easier for consumers to track diamonds and precious metals through the various steps of the supply chain as they become finished pieces jewelry, the companies said.

The technology will initially help track six styles of diamond and gold engagement rings and is expected to be available to consumers by the end of 2018, the companies said.

Other firms involved in the initiative include precious metals refiner Asahi Refining, jewelry retailer Helzberg Diamonds, precious metals supplier LeachGarner and third-party verification provider UL.

Blockchain, which first emerged as the system powering cryptocurrency bitcoin, is a shared database that is maintained by a network of computers connected to the internet.

Because it makes it easier for multiple parties to jointly create and update tamper-proof records, the firms involved in the project believe it is well suited to securely and efficiently track and prove the origin and ethical sourcing of jewelry.

Richline Group had previously attempted to create a similar database using different technology, but the process was still heavily manual and prone to inaccuracies, Mark Hanna, the company’s chief marketing officer, said in an interview.

“We were always very enamored with it but there wasn’t the right platform,” Hanna said. “Then along came blockchain.”

The TrustChain platform was tested last week to track the provenance of a diamond ring across the supply chain.

Other companies in the industry have started to explore using blockchain technology. Anglo American’s diamond unit De Beers said in January that it aims to create an industry wide blockchain to track gems each time they change hands starting from the moment they are dug from the ground. [L8N1PB4GZ]

Companies in other sectors have also been seeking to adapt blockchain help simplify and reduce the costs some of their most data processes.

Supply chain management is one of the areas where businesses believe blockchain holds the most promise, as it involves numerous parties and is still very manual.

IBM is also working with large food retail companies on a blockchain platform to help track food supply chains and improve safety.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Care About Sharing? Take Our Quiz On The Sharing Economy

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Cryptos Mixed as Bitcoin Stays at Three-Day Low

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© Reuters.  Bitcoin continued to fall on Thursday. © Reuters. Bitcoin continued to fall on Thursday.

Ninomag.com – Cryptocurrencies were mixed on Thursday, as remained near a three-day low.

Bitcoin was trading at of $8,899.50, falling 2.77% as of 8:24 AM ET (12:24 GMT) on the Bitfinex exchange.

The Chicago Board Options Exchange wants to lower the increments on its futures contracts, according to a letter to the Commodity Futures Trading Commission. The move would lower increments from 10 points to five points, with one point worth $1.

The futures contracts were launched in December 2017, when Bitcoin was at an all time high of $20,000.

In other news, Nasdaq is open to launching a cryptocurrency exchange in the future as the regulatory environment evolves.

“I believe that digital currencies will continue to persist…it’s just a matter of how long it will take for that space to mature,” said Nasdaq CEO Adena Friedman. “Once you look at it and say, ‘do we want to provide a regulated market for this?’ Certainly, Nasdaq would consider it.”

Meanwhile rival , the world’s second largest cryptocurrency by market cap, rose 1.22% to $636.24 on the Bitfinex exchange, after news that the developer has no intention of causing a blockchain split to recover lost coins.

Parity Technologies said on Thursday it would not change the code of Ethereum through a code change named EIP-999, which would recover $264 million lost from a code fault in wallers in November 2017.

“We have worked hard to help develop the Ethereum ecosystem; no intention of harming it. Let’s find the right solutions through collaboration,” the company wrote on Twitter.

Other cryptocurrencies were down, with , the third largest virtual currency, falling 2.03% % to $0.80394 while was at $146.79, a decrease of 1.07%.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Gaming Co. Nexon Korea Refutes Rumors It Will Buy Crypto Exchange Bitstamp

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Gaming Co. Nexon Korea Refutes Rumors It Will Buy Crypto Exchange BitstampGaming Co. Nexon Korea Refutes Rumors It Will Buy Crypto Exchange Bitstamp

Video game company Nexon Korea has denied that they are in talks to acquire the (BTC) exchange Bitstamp, local news outlet The Korean Herald reported yesterday, April 25.

The company’s denial comes after Business Insider wrote yesterday about a possible deal rumoured between Nexon Korea and Bitstamp, where the latter would acquire the former for around $350 mln. In late March, Cointelegraph wrote about reports that Bitstamp was to be sold to unnamed South Korean investors for around $400 mln.

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Altcoins: 5 Reasons a Price Drop is Inevitable

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 Altcoins: 5 Reasons a Price Drop is Inevitable Altcoins: 5 Reasons a Price Drop is Inevitable

Altcoin cycles never go without a slide to lower prices. With a few exceptions, one day in the green is often followed by prices sliding back to lower levels. Altcoins still see their dominance in terms of market capitalization increase, while the dominance of BTC gets lower in proportion.

The trends turn quickly from buying to selling, and there are several factors behind that:

A Return to : Once a coin seems to peak in BTC prices, some traders will not hesitate to take profits into what they consider the best store of value and possibly the only secure coin. The current rally is significant in that a lot of coins not only gained in dollar terms, but actually drew in investments from trading against Bitcoin. This would mean that once the trend turned, traders would reap the profits.

https://twitter.com/CryptOrca/status/988761467892764674

Bot Trading: The recovery for altcoin has been robust when compared to recent low prices. This time, however, traders may be eager to reap profits without waiting too long, knowing that rallies end. The sudden reversal of markets may be due to automatic selling getting triggered.

No Trust in Altcoin Projects: For almost every hot coin now, there are skeptics pointing out flaws in the technology, or a lack of product. For some, owning altcoins has no meaning beyond the chance to flip them for profit. Hence, altcoins may not rally forever, with a few exceptions where a strong community holds the asset and does not sell easily.

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Moving to Better Opportunities: With altcoins experiencing pumps almost every day, moving from an asset that already seems to peak into another “sleeper” seems like a reasonable strategy. With dozens of coins already available on larger exchanges, there are times where a particular asset will always outperform.

The Effect of Various Trader Communities: The hype around a coin affects trading communities differently. Asian and US investors may prefer different assets. At the same time, a drop in prices on one market may affect all others.

No asset can appreciate all the time, and so far, coins have shown they are on an upward trend. Moreover, the larger spike in prices is expected to happen in May and June, given the usual behavior of the market in past years. However, the exact speed of the boom and possible bust are unknown. It is best to perform one’s own due diligence and research, and settle on target prices.

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Crypto Currency Price24H Changes
Bitcoin (BTC)
8809.93
-1.99%
Ethereum (ETH)
629.201
2.02%
Ripple (XRP)
0.805214
0.38%
Bitcoin Cash (BCH)
1324.55
3.62%
EOS (EOS)
14.5244
3.56%
Litecoin (LTC)
145.705
-0.34%
Cardano (ADA)
0.277259
1.83%
Stellar (XLM)
0.370783
8.94%
IOTA (MIOTA)
1.86644
2.9%
TRON (TRX)
0.0688343
-1.08%
Monero (XMR)
261.685
0.79%
Dash (DASH)
474.058
1.97%
NEM (XEM)
0.377364
2.1%
Tether (USDT)
0.999621
-0.06%
VeChain (VEN)
3.734
0.99%
Ethereum Classic (ETC)
18.912
0.6%
Bitcoin Gold (BTG)
72.7161
2.6%
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