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Let The Bidding Begin: The First NFT Patent?

We’ve seen a wide variety of NFT releases this year. From trading cards, to immersive 3D graphic designs. From realistic still images, to real-life engagement opportunities with star meet & greets. One thing we seemingly haven’t seen yet, until now, is patents. However, aptly noted today on Twitter by sports, entertainment, and IP lawyer and […]

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We’ve seen a wide variety of NFT releases this year. From trading cards, to immersive 3D graphic designs. From realistic still images, to real-life engagement opportunities with star meet & greets. One thing we seemingly haven’t seen yet, until now, is patents. However, aptly noted today on Twitter by sports, entertainment, and IP lawyer and University of Florida professor Darren Heitner, is what seems to be the very first patent auctioned off as an NFT.

What It Is, And What It Means

The auction was originally listed in recent weeks by True Return Systems LLC and D. Tiller Law PLLC. The patent (US Patent #10,025,797) is centered around providing an “elegant solution for maintaining blockchain’s foundational benefits while expanding applications, easing combination of ‘on chain’ and ‘off chain’ data storage”. Additionally, the patent cites potential application across a variety of industries, including health care, financial services, data sciences, and more.

The patent is currently listed for 2,250 ETH (approx $9M USD at time of writing) on OpenSea, with no bidders at the time of writing.

Related Reading | NFTs In A Nutshell: A Weekly Review

Join The Club

The road doesn’t seem to stop here, either. It was around the same time that reports were released that IBM would be working with IP specialists IPwe to represent patents as NFTs as well. As the report notes, “IBM’s blockchain group already works with corporate clients on tech efforts like tracking food supply chains using the blockchain”. Additionally, IBM said in a joint statement that the tokenization of IP “will help position patents to be more easily sold, traded, commercialized or otherwise monetized”. IPwe founder Erich Spangenberg cited that only a small percentage of the patent market is valued. IPwe has been working on a ‘Global Patent Marketplace’ powered by blockchain technology. The team with IBM Services has broadly described this as the “digitization of everything”.

ETH has been a strong performer, helped in part by the emergence of NFTs. | Source: ETH-USD on TradingView.com

The Patent’s Producers & Rights

This NFT is especially unique for a couple different reasons. Firstly, it’s seemingly the first publicly-available patent utilizing blockchain technology, and for a patent within blockchain technology rights as well. Additionally, the NFT has transferrable rights rarely seen at a comparable level. The NFT purchaser receives an executed agreement, and carries the right to sue for infringement should it occur. As the discussion around the most valuable use cases for NFTs continue to evolve, patents could find their way towards the top of the list.

True Return Systems, who have hosted the NFT, is a Connecticut-based financial technology consulting company. Their partner on the project, D. Tiller Law, is a legal firm focused on IP and technology.

Inventor Jack Fonss of True Return Systems noted in the press release that “the most impactful patents are themselves functional works of art”. If this sentiment continues to be shared with rights-holders and inventors, we could see many more patent NFTs to come.

Art and creative engagement, meet utility and innovation.

Related Reading | Dvision Network To Launch Limited Edition NFT Characters At OpenSea Auction 

Featured image from Pixabay, Charts from TradingView.com

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Source: https://bitcoinist.com/let-the-bidding-begin-the-first-nft-patent/?utm_source=rss&utm_medium=rss&utm_campaign=let-the-bidding-begin-the-first-nft-patent

Blockchain

Bitcoin Price Analysis: BTC Eyes Strong Recovery Above $34K

Bitcoin price extended its decline below the $30,000 support and tested $28,800 against the US Dollar. The price is now trading below the $35,000 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $34,000 on the 4-hours chart of the BTC/USD pair (data feed from

The post Bitcoin Price Analysis: BTC Eyes Strong Recovery Above $34K appeared first on Live Bitcoin News.

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  • Bitcoin price extended its decline below the $30,000 support and tested $28,800 against the US Dollar.
  • The price is now trading below the $35,000 zone and the 55 simple moving average (4-hours).
  • There is a major bearish trend line forming with resistance near $34,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
  • The pair must clear the trend line and $34,500 to move into a positive zone in the near term.

Bitcoin price is recovering higher above $32,000 against the US Dollar. BTC must surpass $34,500 and $35,000 for more upsides in the near term.

Bitcoin Price Analysis

Bitcoin price struggled to remain above the $35,000 support zone and it extended its decline. BTC broke the $32,000 and $30,000 support levels to move further into a bearish zone.

The price even spiked below $29,000, but it found a strong buying interest near the $28,850 level. A low was formed near $28,851 and it recently started a major increase. The price climbed above the $31,000 and $32,000 resistance levels.

However, the price is still trading below the $35,000 zone and the 55 simple moving average (4-hours). The price climbed above the 23.6% Fib retracement level of the key decline from the $41,411 swing high to $28,851 swing low.

The price is now facing a strong resistance near the $34,000 zone. There is also a major bearish trend line forming with resistance near $34,000 on the 4-hours chart of the BTC/USD pair.

The next major resistance is near the $35,000 zone. The 50% Fib retracement level of the key decline from the $41,411 swing high to $28,851 swing low is also near the $35,000 zone. A clear upside break above $35,000 could lead the price towards the 55 simple moving average (4-hours).

On the downside, an initial support is near the $32,000 level. The main support is now forming near $30,500, below which there is a risk of a sharp decline in the coming sessions.

Bitcoin Price

Bitcoin Price

Looking at the chart, bitcoin price is clearly trading well below $35,000 and the 55 simple moving average (4-hours). Overall, the price must clear the trend line and $34,500 to move into a positive zone in the near term.

Technical indicators

4 hours MACD – The MACD is slowly gaining momentum in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI is now just above the 50 level.

Key Support Levels – $32,000 and $30,500.

Key Resistance Levels – $34,000, $35,000 and $36,500.

Tags: bitcoin, BTC Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.livebitcoinnews.com/bitcoin-price-analysis-btc-eyes-strong-recovery-above-34k/

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Blockchain

James Mason Joins ETX Capital as Program Management Head

Previously, he spent seven-and-a-half years at IG in various roles.

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ETX Capital announced on Tuesday the appointment of James Mason as the retail FX and CFDs broker’s new Head of Program Management. He is based in London and has already taken over his new role.

Mason is bringing years of experience to the broker from a diverse set of companies.

Bank Account Alternative. Business Account IBAN.

“James boasts an impressive record as a former Product Owner for 7.5 years. James could not miss the opportunity of joining ETX at a time when we’re investing heavily in the growth of the future,” ETX wrote on a social media post.

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He joined ETX from Index Labs, a London-based technology company working in the gaming space. There, he was the Head of Product for more than a year. Before that, he was the Lead Head of Delivery at Genius Sports, another sports tech company.

But his most notable experience in the brokerage industry remains his time at IG, where he spent seven and half years in various roles. He joined the broker as a Business Manager and parted as an IT Business Partner, holding several other roles in between. He was also a Team Leader at Ventura.

Changing Landscape

Mason joined ETX at a crucial time. The broker was acquired by Swiss private equity firm Guru Capital last year and is accelerating the operations with new services. Following the acquisition, ETX added many new faces to some of its key management roles.

Most recently, ETX Capital launched zero-fee trading services for some of its popular share CFDs.Furthermore, the Swiss parent recently acquired the UK-based fintech, Oval Money, through ETX Capital intending to expand its presence in the financial services industry.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.financemagnates.com/executives/moves/james-mason-joins-etx-capital-as-program-management-head/

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Blockchain

The Synergy of Online Casino and Augmented Reality

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If there’s one thing that has to improve online casino games, it’s augmented reality. Nowadays, it’s possible for players around the world to play casinos online without the need of walking to the casino shop. Online casino games have reached a stage where improved graphics and sounds are implemented to entertain players. Live dealer gaming allows players to enjoy a wonderful gaming experience based on real-time. These players using online casinos will exactly have the feeling of playing the real thing.

The augmented reality in the gambling industry improves the overall online casino gaming experience as players can have a reality playing view right from their home with the aid of eyewear for video and sounds. With modern technologies such as smartphones and computers, Canadian casinos can easily develop augmented reality apps that will enhance casino games.

According to our lead man Daniel Bennet here, who’s an expert in guest post topics, the Augmented reality has been active since the 90s. However, it wasn’t widely used due to a lack of resources. But the ARToolkit by Hirokazu Kato made a major breakthrough with the use of AR, as it allows the combination of virtual objects with real-world action from mobile devices.

How augmented reality works with online casino

Augmented reality has affected a lot of things in the gaming industry to provide a stable gameplay experience. For example, AR technology makes use of device components such as a camera and smart glasses to capture images that act as an overlay. The virtual image captured will act as an illusion once they merge with real-world components. The augmented reality in the gaming industry has improved the playing experience of video games with virtual reality.

However, when it comes to the implementation of augmented reality in online casinos. Players playing with live dealers brings an amazing experience. But with AR and online casino experience, the overall experience is unimaginable. AR portrays the overall playing experience to another level, as players of online casinos have all the experience that people who play at local casinos get. Ar gambling brings the casino game right in front of you with the aid of eyewear, which creates the virtual reality of a casino environment, where you play with a live dealer.

As AR has started to make new breakthroughs, there’s no doubt that new casino games will be exceptional. However, due to the cost associated with making use of devices such as eyewear. AR is yet to be implemented in almost all the casinos in Canada. AR gaming in online casinos will be among the upcoming innovations gambler will find lucrative when playing.

AR implementation limitations

Even though amazing technology such as AR has gotten to grow popular based on its benefits. Implementing a huge technological system known as AR in the online gambling industry will require users to have access to a stable internet connection similar to the newly introduced 5G. Without a strong broadband network as the latest introduced 5th generation of mobile networks, it will be hard for both gambler and online casinos to utilize the full capacity of AR without avoiding server issues. 

That’s not all because there are a lot of hardware requirements needed before making use of this innovation. It’s that most people are familiar that consoles and gamepads are needed to play video games, but for a new innovation such as AR in the online casino industry. It will require a lot of time for the most gambler to adjust to the use of hardware to broaden their 

overall gambling experience.

Conclusion

The synergy of online casinos and augmented reality will no doubt be among the world trending innovations in 2021, as it creates numerous gambling benefits for players.

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Blockchain

Amid Market Rout, Bitcoin (BTC) Gaining Strength Over Altcoins As “Safe-Haven” Asset

The altcoin party is over and looks like money has started flowing back into BTC! Bitcoin (BTC) has recovered more than 10% from its Tuesday’s low of $29,092 in a quick market-wide recovery. The Bitcoin market dominance has now touched 47% recovering from its lows of under 40% last month. During Tuesday’s correction, while BTC

The post Amid Market Rout, Bitcoin (BTC) Gaining Strength Over Altcoins As “Safe-Haven” Asset appeared first on Coingape.

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The altcoin party is over and looks like money has started flowing back into BTC! Bitcoin (BTC) has recovered more than 10% from its Tuesday’s low of $29,092 in a quick market-wide recovery. The Bitcoin market dominance has now touched 47% recovering from its lows of under 40% last month.

During Tuesday’s correction, while BTC lost over 10%, almost all of the top ten altcoins tanked over 20% in a single day. Amid this massive market volatility, Bitcoin (BTC) is once again showing its power as a safe-haven asset. On-chain data provider Santiment reports:

“Those who have stayed strong in #Bitcoin on the #crypto downswing have been relatively rewarded compared to high-risk #altcoin traders. $BTC has fallen just -4.5% the past 3 days through the volatility, while $DOGE (-26.1%) & other #alts have dropped hard”.

Courtesy: Santiment

With yesterday’s price correction, Bitcoin was down more than 50% from its all-time high of $64,000 in mid-April 2021. Another data from Santiment also shows that Bitcoin millionaire whale addresses have been constantly accumulating. The on-chain data provider notes that there are potential signs of a turnaround.

Bitcoin Hashrate Corrects Over 50% In A Month

The declining BTC hashrate has seen a further drop during the last 24 hours during the market correction. The Bitcoin hashrate has now tanked to 90 EH/s which is a 53% drop from its all-time high in the last 45 days. On the other hand, there’s a notable increase in the Bitcoin (BTC) miner distribution over the last two weeks.

This coincides with the BTC hashrate drop as well as with the Chinese crypto miners shutting down their operations. As Glassnode reports: “Miners have on net distributed at a rate of around 4k to 5k per month over the last two weeks. This has reversed the trend of net accumulation which was active since April”.

On the other hand, there’s a significant drop in Bitcoin on-chain activity. As Glassnode reports, the number of active BTC addresses has dropped to a 14 month low.

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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Source: https://coingape.com/amid-market-rout-bitcoin-btc-gaining-strength-over-altcoins-as-safe-haven-asset/

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