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EOS Creator to Provide Over $1.5M via New EOSIO Grant Program

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EOS Creator to Provide Over $1.5M via New EOSIO Grant Program

Block.One, the firm behind EOS, the seventh-biggest cryptocurrency by market cap, has launched a new $1.5 million grant program to support the EOSIO development.

EOS VC, the Block.One’s venture capital arm, plans to award grants worth $50,000 to each qualified project within its new funding initiative, the EOS VC Grants Program. According to an official announcement on Dec. 17, EOS VC will provide more than $1.5 million in grants to developers and supporters of the EOSIO platform.

By launching the EOS VC Grants Program, Block.One apparently intends to attract more developers to its community and boost the adoption as the initiative is different from other funding projects run by the firm.

In contrast to EOS VC’s other investments in EOSIO-based projects, the EOS VC Grants Program will be granting awards with no ownership conditions, the firm noted. To date, EOS VC invested in a number of projects that have built or plan to build on EOSIO, including authenticity verification and certification firm Alpha’a and blockchain firm Obsidian Labs. Other firms on EOS VC’s portfolio include Biscuit, CAPSL, Persollo, Sprout Records and others.

New program targets projects that “may not have access to traditional funding routes”

Mike Alexander, CEO of EOS VC, noted that by debuting the EOS VC Grants Program, Block.One now opens up a new way to support EOSIO-based projects who “may not have access to traditional funding routes.” He said:

“Providing this new option will spread the opportunities across the EOSIO community, and foster the development of early stage ventures.”

Block.One CEO Brendan Blumer said that the firm intends to identify and empower “even more people to further enrich the ecosystem with fresh ingenuity and imagination” through the EOS VC Grants Program.

Projects of all stages, sizes and industry types are invited to apply by completing the application available on EOS VC’s website.

The news comes after Block.One publicly announced that it will start participating in the election procedures for block producers on the EOS blockchain in mid-November. The company claims that it holds at least 9.5% of the circulating EOS supply.

Recently, Cointelegraph reported on major Ethereum venture production studio ConsenSys that selected seven new Ethereum-based projects to support with $175,000 of funding. As of October 2019, ConsenSys Grants scheme reportedly granted $330,000 to 15 startups since February this year.

Published at Wed, 18 Dec 2019 19:13:00 +0000

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Sotheby’s Closes $12.9M Banksy Auction, First Paid in Crypto

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Celebrated auction house Sotheby’s has accepted payment in cryptocurrency for the first time.

According to a recent tweet, Sotheby’s sold Banksy’s “Love is in the Air” for $12.9 million. The auction took place over 14 minutes between four different prospective buyers. This is the first artwork purchased with crypto since Sotheby’s announced it would be accepting bitcoin (BTC) and ethereum (ETH) as payment.

However, it was not revealed which cryptocurrency was used as payment in the auction. In a poll on Twitter, 35% believed the winners used ethereum to buy the Banksy piece, followed closely by bitcoin.

The art world accepting crypto

This event marks another milestone in the increasing integration of cryptocurrencies into the art world. Although this auction was for a physical piece of art, auction houses have been increasingly taken with non-fungible tokens (NFTs).

Last month, Sotheby’s hosted its first NFT auction. Over the course of three days, it sold the work of digital artist Pak for $16.8 million. The collection, known as “The Fungible,” was sold through NFT marketplace Nifty Gateway. The sale achieved at least two records, including the most number of bids for an auction item on Nifty Gateway.

Meanwhile, rival auction house Christie’s sold its first NFT artwork in March. The auction house sold digital artist Beeple’s NFT collection for a substantial $69 million. This sale made it the first auction house to close on an NFT. More recently, Christie’s sold nine NFTs from the CryptoPunks series for a total of nearly $17 million.

eBay also recently announced that the online retailer would allow the sales of NFTs on its platform. This would include trading cards, images, or video clips. Although not technically an auction house, eBay pioneered the online auction platform. This came days after eBay CEO Jamie Iannone included cryptocurrencies among the new payments platforms the company is exploring.  

Despite rising stratospherically in the first quarter of this year, recent data suggest that NFT mania is leveling off. This clearly hasn’t stopped continued interest from auction and retailer platforms. 

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Nick is a data scientist who teaches economics and communication in Budapest, Hungary, where he received a BA in Political Science and Economics and an MSc in Business Analytics from CEU. He has been writing about cryptocurrency and blockchain technology since 2018, and is intrigued by its potential economic and political usage. He can best be described as an optimistic center-left skeptic.

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Source: https://beincrypto.com/sothebys-closes-12-9m-banksy-auction-crypto/

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Ethereum Miners Are Earning More than Bitcoin Miners: Report

Ethereum miners reportedly are earning more than Bitcoin miners over the past few days due to Ether’s soaring prices while BTC seems currently stagnated.

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Ethereum miners are reportedly earning more than Bitcoin miners over the past few days. One of the reasons for this is that the price of Ether has risen significantly over the last few months while the price of the leading cryptocurrency Bitcoin is still stagnated.

Ethereum Miners Earning More than Bitcoin Miners

Data from the Block’s Dashboard indicates that Ethereum miners are now making $77 million in daily revenue as of 10th May, compared to the $67 million that Bitcoin miners are earning.

The data have been calculated based on the average of the last seven days, even though a noticeable pattern has been seen over the past few months.

READ  Northern Data and Japan’s SBI Crypto Announces Strategic Partnership

For instance, in early February and late April, Ethereum miners saw a surge in their mining revenue.

A key reason for this is due to Ethereum’s rising price. After starting the year at $730, Ethereum is now worth currently worth above $4,000. Another reason is due to the network’s soaring transaction fees.

Ethereum miners usually earn their revenue in a mix of transaction fees known as gas paid in Ether and block subsidies for generating new ETH.

On May 10, the Ethereum network minted roughly $89 million in transaction fees, the highest in its history.

A reason for this is that gas fees have been rising over the past few days. In less than ten days, the average transaction fee spiked from around $8 to $64 on May 10, the highest transaction fees ever recorded on the network.

READ  Italian Town Creates Ducati to Support Local Economy During COVID-19

Ethereum Miners to Accept the EIP 1559

Currently, 40% of the Ethereum miners’ revenue is coming from gas fees. But with the Ethereum Improvement Proposal (EIP) 1559 coming into effect in July, a portion of the fees will be sent to the network itself instead of miners.

To put it simply, From July, there will be two fees, per the EIP 1599, a base fee and an inclusion fee rewarded to miners. The base fee will be burned, and only the inclusion fee will go to the miners with the intention to reduce transaction fees for users.

#Bitcoin Mining #Crypto Mining #Ethereum #Ethereum fees #Ethereum Mining

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/ethereum-miners-are-earning-more-than-bitcoin-miners-report

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Dvision Network set to migrate to Binance Smart Chain through the bridge 

Dvision has already announced their readiness to launch on BSC in their blog post and also started a countdown in their website, which pinpoints to the official launch of the bridge on 20th May.As part of the development, Dvision Network will be integrating a BEP20 version of its token.  The blockchain-based NFT Metaverse platform will […]

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Dvision has already announced their readiness to launch on BSC in their blog post and also started a countdown in their website, which pinpoints to the official launch of the bridge on 20th May.As part of the development, Dvision Network will be integrating a BEP20 version of its token. 

The blockchain-based NFT Metaverse platform will also launch a bridge that will connect Ethereum and Binance Smart Chain ecosystems. In addition, users will be able to swap the DVI ERC20 token to an equivalent BEP20 token via the multichain bridge. 

Multichain bridge via the partnership with Curvegrid. 

The multichain bridge is built in partnership with Curvegrid. It should be noted that Dvision and Curvegrid announced a strategic alliance several months ago, and this is the first significant outcome of the collaboration between the blockchain projects. 

The migration to Binance Smart Chain will occur via the asset portal bridge “Looking Glass” built on the Curvegrid MultiBaas blockchain middleware. This blockchain architecture will ensure a smooth and convenient cross-chain transfer of DVI from ERC-20 to BEP-20 and vice-versa.

DVI stated that the decision to integrate with Binance Smart Chain is in line with its existing roadmap. The VR blockchain platform believes that BSC is an ecosystem that can lead the next generation of decentralized applications.  

Binance Smart Chain is also highly scalable and supports smart contracts with fast confirmation speed and low transaction fees. The migration to BSC will also help Dvision to develop advance smart contract capabilities ensuring that users can take advantage of the speed and low transaction fees of BSC-based products. 

Dvision Network is also looking at the current trend in the crypto space, which has swung in BSC favor. Binance Smart Chain has outpaced Ethereum in daily transaction volume and will only continue to grow in size. 

Ethereum and BSC compatibility 

Dvision Network also noted that the BEP20 DVI token would not replace the existing ERC20 DVI token. Both tokens will co-exist, and the bridge will help users to swap between the two ecosystems. This will ensure that DVI is a truly multichain token, and holders will use the token to perform transactions on both the BSC and Ethereum ecosystems. 

Dvision Network has already made several tests on the bridge and will integrate a user-friendly interface for the launch expected in May. Dvision will provide more information on the use cases of DVI on the BSC ecosystem before the launch. Dvision Network has officially announced on its Twitter handle, that the bridge is going to be available on 20th May, roughly a week from now. 

A major development for Dvision Network

The launch of the multichain bridge is a significant milestone for Dvision Network in its quest to become the leading NFT Metaverse platform. Dvision recently released a limited edition for NFT characters and auctioned it on the popular OpenSea Marketplace. 

The NFT launch was successful and exposed the virtual reality platform to a new market of NFT enthusiasts. Dvision Network continues to expand its use cases with the DVI token.

About Dvision Network

Dvision Network provides web-based real-time streaming 3D VR metaverse service so that users can easily experience metaverse contents such as fairs and games. On the Division platform, anyone can easily create NFT items without any development-related expertise. Division’s NFT trading system enables monetization by directly connecting creators and consumers without intermediaries. This serves to connect the virtual world to reality.

All these products are powered by the Dvision Network utility token DVI, listed on several exchanges, including Uniswap, Bithumb, Coinone, and Hoo.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/dvision-network-set-to-migrate-to-binance-smart-chain-through-the-bridge/?utm_source=rss&utm_medium=rss&utm_campaign=dvision-network-set-to-migrate-to-binance-smart-chain-through-the-bridge

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Blockchain

Dvision Network set to migrate to Binance Smart Chain through the bridge 

Dvision has already announced their readiness to launch on BSC in their blog post and also started a countdown in their website, which pinpoints to the official launch of the bridge on 20th May.As part of the development, Dvision Network will be integrating a BEP20 version of its token.  The blockchain-based NFT Metaverse platform will […]

Avatar

Published

on

Dvision has already announced their readiness to launch on BSC in their blog post and also started a countdown in their website, which pinpoints to the official launch of the bridge on 20th May.As part of the development, Dvision Network will be integrating a BEP20 version of its token. 

The blockchain-based NFT Metaverse platform will also launch a bridge that will connect Ethereum and Binance Smart Chain ecosystems. In addition, users will be able to swap the DVI ERC20 token to an equivalent BEP20 token via the multichain bridge. 

Multichain bridge via the partnership with Curvegrid. 

The multichain bridge is built in partnership with Curvegrid. It should be noted that Dvision and Curvegrid announced a strategic alliance several months ago, and this is the first significant outcome of the collaboration between the blockchain projects. 

The migration to Binance Smart Chain will occur via the asset portal bridge “Looking Glass” built on the Curvegrid MultiBaas blockchain middleware. This blockchain architecture will ensure a smooth and convenient cross-chain transfer of DVI from ERC-20 to BEP-20 and vice-versa.

DVI stated that the decision to integrate with Binance Smart Chain is in line with its existing roadmap. The VR blockchain platform believes that BSC is an ecosystem that can lead the next generation of decentralized applications.  

Binance Smart Chain is also highly scalable and supports smart contracts with fast confirmation speed and low transaction fees. The migration to BSC will also help Dvision to develop advance smart contract capabilities ensuring that users can take advantage of the speed and low transaction fees of BSC-based products. 

Dvision Network is also looking at the current trend in the crypto space, which has swung in BSC favor. Binance Smart Chain has outpaced Ethereum in daily transaction volume and will only continue to grow in size. 

Ethereum and BSC compatibility 

Dvision Network also noted that the BEP20 DVI token would not replace the existing ERC20 DVI token. Both tokens will co-exist, and the bridge will help users to swap between the two ecosystems. This will ensure that DVI is a truly multichain token, and holders will use the token to perform transactions on both the BSC and Ethereum ecosystems. 

Dvision Network has already made several tests on the bridge and will integrate a user-friendly interface for the launch expected in May. Dvision will provide more information on the use cases of DVI on the BSC ecosystem before the launch. Dvision Network has officially announced on its Twitter handle, that the bridge is going to be available on 20th May, roughly a week from now. 

A major development for Dvision Network

The launch of the multichain bridge is a significant milestone for Dvision Network in its quest to become the leading NFT Metaverse platform. Dvision recently released a limited edition for NFT characters and auctioned it on the popular OpenSea Marketplace. 

The NFT launch was successful and exposed the virtual reality platform to a new market of NFT enthusiasts. Dvision Network continues to expand its use cases with the DVI token.

About Dvision Network

Dvision Network provides web-based real-time streaming 3D VR metaverse service so that users can easily experience metaverse contents such as fairs and games. On the Division platform, anyone can easily create NFT items without any development-related expertise. Division’s NFT trading system enables monetization by directly connecting creators and consumers without intermediaries. This serves to connect the virtual world to reality.

All these products are powered by the Dvision Network utility token DVI, listed on several exchanges, including Uniswap, Bithumb, Coinone, and Hoo.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/dvision-network-set-to-migrate-to-binance-smart-chain-through-the-bridge/?utm_source=rss&utm_medium=rss&utm_campaign=dvision-network-set-to-migrate-to-binance-smart-chain-through-the-bridge

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