Lethbridge College teams up with Liquid Avatar Technologies to create a virtual campus in the metaverse

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Ray Speers
March 04,2022

Lethbridge College teams up with Liquid Avatar Technologies to 
create a virtual campus in the metaverse


A virtual Lethbridge College will be the first of its kind, allowing students to occupy property in 
the metaverse

March 3, 2022  Today, Lethbridge Colleges Centre for Technology, Environment and Design
(CTED) announced that it is partnering with Liquid Avatar Technologies Inc., a publicly traded 
global blockchain and fintech solutions company, to launch a first of its kind work-integrated 
learning opportunity for students. Liquid Avatar Technologies is providing 9,000 plots of land 
within its Aftermath Islands Metaverse a network of spaces where users can create a virtual 
world parallel to their physical one. Students will begin engaging in the new program and 
mentorship opportunities by the end of the winter 2022 semester.


Collectively named Lethbridge College Island, on Aftermath Islands, Lethbridge students will 
learn how to work, play, learn, game, entertain and earn in the metaverse. In addition to the 
virtual land, up to 100,000 in-game currency credits are being made available to the college. 
Those credits can be used to build, buy and trade assets like additional property, objects, 
landscape items and even avatars.


Students in Interior Design Technology, Virtual and Augmented Reality and Architectural 
Animation Technology programs will build on the virtual island creating structures and 
businesses and completing transactions. Each student will receive a plot of virtual land. The plot 
and all the assets they create for it will remain their property for as long as they choose. The 
college will also have a significant parcel of virtual land to provide students with virtual events, 
learning and other services.


Im so excited for this partnership with Liquid Avatar Technologies, says Cherie Bowker, chair 
of Lethbridge Colleges School of Spatial Design Technologies. Our students will learn so much 
about entrepreneurship and building in the metaverse and will gain a much greater 
understanding of digital space and digital identity while these worlds evolve and grow. We are 
proud of how we lead in this space, and we are thrilled to work with the skillful, talented and 
creative Liquid Avatar team.


David Lucatch, President, CEO and Chair of Liquid Avatar Technologies, has spent the past 25 
years developing technologies and taking them to market. Part of his recent resume includes 
co-founding Aftermath Islands Metaverse a planned virtual environment that provides online 
users with theme-based first-person Augmented Reality (AR) and Virtual Reality (VR) 
experiences, quests, games and integrated e-commerce activities. David, and the team at 
Liquid Avatar Technologies will also be mentoring Lethbridge College students to further 
process their education in the metaverse.


Providing the next generation of creative and technical thinkers with the tools to engage in 
new technologies that are primed to change consumer behaviour is an exciting opportunity for 
Liquid Avatar Technologies and Aftermath Islands, said David Lucatch, President, CEO & Chair, 
Liquid Avatar Technologies and Managing Director of Aftermath Islands Metaverse Limited. We 
envision this collaboration with Lethbridge College as a sandbox for learning and acquiring 
significant tangible experience, providing Canadian students with an advantage when entering 
the evolving job market.


CTED students will have hands-on opportunities to build out Lethbridge College Island by 
working closely with experts in the field, as well as faculty, who will mentor them in the 
development of the property. 


Our students are sure to gain a better sense of working outside their comfort zones as they 
tackle real-world problems and develop core competencies such as collaboration and leadership, 
while at the same time increasing their employability, says Candace Lewko, Associate Dean of 
the Centre for Technology, Environment and Design. We are confident our students will be 
making an impact and will be equipped with all the skills necessary to join the workforce.

About Lethbridge College 

Established in 1957 as Canadas first publicly funded community college, Lethbridge College is a 
board-governed institution serving the training and applied research needs of southern Alberta. 
As we approach our 65th anniversary, we look to the horizon and recognize the need to address 
our growing populations of learners, and to facilitate innovation and new opportunities. We will 
continue to build on our successes and stay in tune with the changing world of technology and 
sustainability. 


About Aftermath Islands Metaverse Limited - www.aftermathislands.com

Aftermath Islands Metaverse Limited is a Barbados corporation which is 50% owned and is 
controlled by Oasis Digital Studios Limited, a wholly owned subsidiary of Liquid Avatar 
Technologies Inc.


Aftermath Islands as first described in the initial whitepaper published in 2017 and then 
subsequently updated, was based on the premise of a water-world with islands that 
represented destinations in a global virtual game. Since then, the Aftermath Islands metaverse 
has evolved and now represents exciting themed based islands, communities, and estates 
where players can experience a wide range of adventures and opportunities.


In Aftermath Islands virtual world, users can buy, develop, trade, and sell Virtual Land (VL), 
property and assets, like buildings, crafted items, transport, and other items all through NFTs, a 
non-fungible token that represents the ownership of virtual and other assets. Each plot or 
parcel of VL is unique and owners get to choose what content they want to publish on their VL. 
This can range from simple scenery and structures to an interactive game, store, warehouse, 
dwelling, facility, or destination. Users can purchase VL as well as all other goods and services 
in Aftermath Islands with CREDITS, the current code name for in-game currency, fiat and other 
authorized currencies, coins, and tokens.


Aftermath Islands is a shared virtual world, much like the Metaverse described by author Ernest 
Cline in his science-fiction novels Ready Player One and Ready Player Two. Expected to launch 
mid-2022, Aftermath Islands will allow users to connect and interact with each other, create 
content, craft, participate in activities and quests and play games. Aftermath Islands will have a 
virtual economy where users can engage in a myriad of in-world economic transactions as well 
as monetize the content, items, quests, and applications they build.


For more information about Aftermath Islands, please visit www.aftermathislands.com

About Liquid Avatar Technologies Inc. - www.liquidavatartechnologies.com

Liquid Avatar Technologies Inc. focuses on the verification, management and monetization of 
Self Sovereign Identity, empowering users to control and benefit from the use of their online 
identity.

The Liquid Avatar Mobile App, available in the Apple App Store and Google Play is a verified Self 
Sovereign Identity platform that empowers users to create high quality digital icons 
representing their online personas. These icons allow users to manage and control their digital 
identity and Verifiable Access and Identity Credentials, and to use Liquid Avatars to share public 
and permission based private data when they want and with whom they want.

The Liquid Avatar Verifiable Credentials Ecosystem (LAVCE) has been developed to support all 
participants in a digital credential ecosystem, including the Holder, Issuer and Verifier, using 
state-of-the-art blockchain and open standards technologies initially as a node on the Indicio 
Network. The Company is a voting and steering committee member of the Trust over IP 
Foundation, founding and steering committee member of Cardea, a Linux Foundation Public 
Health project, member of the Good Health Pass collaborative, DIACC, the Covid Credentials 
Initiative ("CCI"), The Linux Foundation and a founding member of the Lumedic Exchange.
The Company has a suite of early-stage revenue generating programs that support the Liquid 
Avatar Mobile App program, including KABN KASH, a cash back and reward program that has 
over 500 leading online merchants and is working to release its own branded network payment 
card.


The Companys subsidiary, Oasis Digital Studios, is a creative and development agency that 
supports a wide range of artists, talent, and enterprises with Non-Fungible Token (NFT) 
solutions and has acquired 50% and control of the Aftermath Islands Metaverse program.
Liquid Avatar Technologies Inc. is publicly listed on the Canadian Securities Exchange (CSE) 
under the symbol "LQID" (CSE:LQID).

The Company also trades in the United States, on the OTCQB under the symbol "LQAVF" and in 
Frankfurt under the symbol "4T51".

If you have not already joined our mailing list and would like to receive updates on Liquid 
Avatar Technologies Inc., please click here to join!

For more information, please visit www.liquidavatartechnologies.com

For further information, please contact: 
David Lucatch
Chief Executive Officer
647-725-7742 Ext. 701
[email protected]

Media Contact:
Amber Mulder
No Fixed Address
[email protected]

Tina Karst
Media Relations Specialist, Lethbridge College
[email protected]


The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

All websites referred to are expressly not incorporated by reference into this press release.

Forward-Looking Information and Statements

This press release contains certain forward-looking information within the meaning of applicable 
Canadian securities legislation and may also contain statements that may constitute forward-looking 
statements within the meaning of the safe harbor provisions of the United States Private Securities 
Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not 
representative of historical facts or information or current condition, but instead represent only the 
Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are 
inherently uncertain and outside of the Companys control. Generally, such forward-looking information or 
forward-looking statements can be identified by the use of forward-looking terminology such as plans, 
expects or does not expect, is expected, budget, scheduled, estimates, forecasts, intends, 
anticipates or does not anticipate, or believes, or variations of such words and phrases or may contain 
statements that certain actions, events or results may, could, would, might or will be taken, will 
continue, will occur or will be achieved. 

The forward-looking information and forward-looking statements contained herein include, but is not 
limited to, statements regarding the future launch of in-game activities, sales of digital and physical 
collectibles, Non-Fungible Tokens and other related products through Oasis Digital Studios and / or its 
clients, partners and other service providers, statements regarding the future capabilities of LAVCE or the 
operation of an Indicio Network Node, expected geographic expansion, the ability of the Company to 
generate revenues, roll out new programs and to successfully achieve business objectives, and expectations 
for other economic, business, and/or competitive factors.


By identifying such information and statements in this manner, the Company is alerting the reader that 
such information and statements are subject to known and unknown risks, uncertainties and other factors 
that may cause the actual results, level of activity, performance, or achievements of the Company to be 
materially different from those expressed or implied by such information and statements. 

Although the Company believes that the assumptions and factors used in preparing, and the expectations 
contained in, the forward-looking information and statements are reasonable, undue reliance should not 
be placed on such information and statements, and no assurance or guarantee can be given that such 
forward-looking information and statements will prove to be accurate, as actual results and future events 
could differ materially from those anticipated in such information and statements. The forward-looking 
information and forward-looking statements contained in this press release are made as of the date of this 
press release, and the Company does not undertake to update any forward-looking information and/or 
forward-looking statements that are contained or referenced herein, except in accordance with applicable 
securities laws







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April 21,2024

Bitcoin Stabilizes Post-Halving As Geopolitical Tensions Intensify

Bitcoin (BTC) experienced significant fluctuations in the days leading up to the highly-anticipated fourth halving but has since stabilized. Meanwhile, Tether announced the launch of its two largest stablecoins on the Ton network, impacting the price of TON with an initial surge followed by a significant decline, currently down by around 12%.

Conversely, ICP surged by 13%, trading above $14, while ADA rose by 7%, nearing $0.5. Other larger-cap alternative cryptocurrencies are also experiencing gains, albeit more modestly. The total cryptocurrency market cap remains stable at around $2.450 trillion on CoinGecko.

 

Stability Post-Halving

Bitcoin encountered downward price movements starting last Friday, dropping to $65,000. While it saw a partial recovery the following day, it then dipped further to $61,000 amidst escalating tensions between Israel and Iran. The flagship crypto continued to lose value throughout the business week, with the recent attack on Iran leading to another price decline, pushing BTC below $60,000. However, it swiftly rebounded, reaching $65,000 as Iran indicated a lack of immediate retaliation. The past 24 hours have been less eventful despite the anticipation surrounding the fourth halving.

The completion of the halving event occurred recently, reducing block rewards to 3.125 BTC. Thus far, the price of Bitcoin has maintained relative stability, hovering around $64,000, with a market capitalization exceeding $1.250 trillion and dominance over alternative cryptocurrencies at 51.5% on CoinGecko.

 

Other Markets

As a result of the ongoing international conflict, The S&P 500 index stands at 4,967.23, showing a decrease of 0.88%, while the Nasdaq index records 15,282.01, marking a decrease of 2.05%. Crude oil prices are at 83.24, reflecting an increase of 0.62%, and the Euro is trading at 1.07, up by 0.12%. Meanwhile, the Dow Jones index is at 37,986.40, indicating a rise of 0.56%, and the Russell 2000 index is at 1,947.66, up by 0.24%. Gold prices are at 2,406.70, showing an increase of 0.36%, and silver is at 28.69, up by 1.57%. 

Elsewhere, Shanghai reports robust economic growth primarily driven by its industrial sector. Additionally, various Chinese companies are facing increasing scrutiny amid trade investigations. The Federal Reserve is also expected to maintain patience on interest rate cuts, supported by the upcoming release of its preferred inflation gauge. Earnings reports by major companies coincide with a crucial juncture in the stock market, with some valuations beginning to falter amidst concerns in debt markets.

Finally, Tesla announced massive workforce reductions and price cuts in response to slowing sales and growing inventories. The United States also passed new sanctions on Iran as part of a foreign aid package, and Petrobras settled a dispute by endorsing a 50% dividend payout.

 

 

April 20,2024

The 2024 Bitcoin Halving Has Successfully Been Completed

Bitcoin (BTC) has successfully undergone its fourth-ever halving event after reaching its 840,000th block, marking the point where mining rewards are halved once more. The significant event witnessed a decrease in Bitcoin miner rewards, dropping to 3.125 BTC per mined block compared to the previous 6.25 BTC.

Billionaire investor Tim Draper believes that the halving will help drive the price of Bitcoin to $250,000 or more, a prediction he has consistently made, particularly in 2022. Elsewhere, Bitcoin enthusiast Herbert Sim stated that there are other factors currently affecting price speculation, and that the halving is not the sole factor to consider.

 

Mining Rewards Decreased Once More

Starting today, Bitcoin miners will receive 3.125 BTC per mined block, as previously mentioned. This is a programmed process within the Bitcoin protocol occurring every 210,000 blocks mined, roughly every four years. The previous three halvings took place in 2012, 2016, and 2020, resulting in significant reductions in mining rewards over time. The initial Bitcoin halving in 2012 reduced the block reward 25 BTC.

The primary objective of the Bitcoin halving is to control scarcity and regulate the inflationary supply of Bitcoin. Satoshi Nakamoto, the pseudonymous founder of Bitcoin, incorporated this mechanism into the code. By halving mining rewards, this process effectively slows down the rate of new Bitcoin creation. The system will persist until approximately 2140 when all Bitcoin is mined.

 

Plenty Of Anticipation

Major Bitcoin miners have been preparing for the event. Marathon Digital recently announced its intention to acquire a 200-megawatt (MW) Bitcoin mining facility in Texas for $87.3 million. In December 2023, competitor Bitcoin mining firm Riot Platforms purchased 66,560 mining rigs through manufacturer MicroBT in one of the largest expansions of hash rate in history.

In any case, the Bitcoin halving is a crucial event that historically indicates a shift in the market, typically initiating a bullish trend over the following months. Despite short-term forecasts of price volatility within the crypto community, there is optimism about the long-term price potential of both BTC and the crypto industry in general.

 

April 20,2024

The 2024 Bitcoin Halving Has Successfully Been Completed

Bitcoin (BTC) has successfully undergone its fourth-ever halving event after reaching its 840,000th block, marking the point where mining rewards are halved once more. The significant event witnessed a decrease in Bitcoin miner rewards, dropping to 3.125 BTC per mined block compared to the previous 6.25 BTC.

Billionaire investor Tim Draper believes that the halving will help drive the price of Bitcoin to $250,000 or more, a prediction he has consistently made, particularly in 2022. Elsewhere, Bitcoin enthusiast Herbert Sim stated that there are other factors currently affecting price speculation, and that the halving is not the sole factor to consider.

 

Mining Rewards Decreased Once More

Starting today, Bitcoin miners will receive 3.125 BTC per mined block, as previously mentioned. This is a programmed process within the Bitcoin protocol occurring every 210,000 blocks mined, roughly every four years. The previous three halvings took place in 2012, 2016, and 2020, resulting in significant reductions in mining rewards over time. The initial Bitcoin halving in 2012 reduced the block reward 25 BTC.

The primary objective of the Bitcoin halving is to control scarcity and regulate the inflationary supply of Bitcoin. Satoshi Nakamoto, the pseudonymous founder of Bitcoin, incorporated this mechanism into the code. By halving mining rewards, this process effectively slows down the rate of new Bitcoin creation. The system will persist until approximately 2140 when all Bitcoin is mined.

 

Plenty Of Anticipation

Major Bitcoin miners have been preparing for the event. Marathon Digital recently announced its intention to acquire a 200-megawatt (MW) Bitcoin mining facility in Texas for $87.3 million. In December 2023, competitor Bitcoin mining firm Riot Platforms purchased 66,560 mining rigs through manufacturer MicroBT in one of the largest expansions of hash rate in history.

In any case, the Bitcoin halving is a crucial event that historically indicates a shift in the market, typically initiating a bullish trend over the following months. Despite short-term forecasts of price volatility within the crypto community, there is optimism about the long-term price potential of both BTC and the crypto industry in general.

 

April 20,2024

The 2024 Bitcoin Halving Has Successfully Been Completed

Bitcoin (BTC) has successfully undergone its fourth-ever halving event after reaching its 840,000th block, marking the point where mining rewards are halved once more. The significant event witnessed a decrease in Bitcoin miner rewards, dropping to 3.125 BTC per mined block compared to the previous 6.25 BTC.

Billionaire investor Tim Draper believes that the halving will help drive the price of Bitcoin to $250,000 or more, a prediction he has consistently made, particularly in 2022. Elsewhere, Bitcoin enthusiast Herbert Sim stated that there are other factors currently affecting price speculation, and that the halving is not the sole factor to consider.

 

Mining Rewards Decreased Once More

Starting today, Bitcoin miners will receive 3.125 BTC per mined block, as previously mentioned. This is a programmed process within the Bitcoin protocol occurring every 210,000 blocks mined, roughly every four years. The previous three halvings took place in 2012, 2016, and 2020, resulting in significant reductions in mining rewards over time. The initial Bitcoin halving in 2012 reduced the block reward 25 BTC.

The primary objective of the Bitcoin halving is to control scarcity and regulate the inflationary supply of Bitcoin. Satoshi Nakamoto, the pseudonymous founder of Bitcoin, incorporated this mechanism into the code. By halving mining rewards, this process effectively slows down the rate of new Bitcoin creation. The system will persist until approximately 2140 when all Bitcoin is mined.

 

Plenty Of Anticipation

Major Bitcoin miners have been preparing for the event. Marathon Digital recently announced its intention to acquire a 200-megawatt (MW) Bitcoin mining facility in Texas for $87.3 million. In December 2023, competitor Bitcoin mining firm Riot Platforms purchased 66,560 mining rigs through manufacturer MicroBT in one of the largest expansions of hash rate in history.

In any case, the Bitcoin halving is a crucial event that historically indicates a shift in the market, typically initiating a bullish trend over the following months. Despite short-term forecasts of price volatility within the crypto community, there is optimism about the long-term price potential of both BTC and the crypto industry in general.

 

April 20,2024

The 2024 Bitcoin Halving Has Successfully Been Completed

Bitcoin (BTC) has successfully undergone its fourth-ever halving event after reaching its 840,000th block, marking the point where mining rewards are halved once more. The significant event witnessed a decrease in Bitcoin miner rewards, dropping to 3.125 BTC per mined block compared to the previous 6.25 BTC.

Billionaire investor Tim Draper believes that the halving will help drive the price of Bitcoin to $250,000 or more, a prediction he has consistently made, particularly in 2022. Elsewhere, Bitcoin enthusiast Herbert Sim stated that there are other factors currently affecting price speculation, and that the halving is not the sole factor to consider.

 

Mining Rewards Decreased Once More

Starting today, Bitcoin miners will receive 3.125 BTC per mined block, as previously mentioned. This is a programmed process within the Bitcoin protocol occurring every 210,000 blocks mined, roughly every four years. The previous three halvings took place in 2012, 2016, and 2020, resulting in significant reductions in mining rewards over time. The initial Bitcoin halving in 2012 reduced the block reward 25 BTC.

The primary objective of the Bitcoin halving is to control scarcity and regulate the inflationary supply of Bitcoin. Satoshi Nakamoto, the pseudonymous founder of Bitcoin, incorporated this mechanism into the code. By halving mining rewards, this process effectively slows down the rate of new Bitcoin creation. The system will persist until approximately 2140 when all Bitcoin is mined.

 

Plenty Of Anticipation

Major Bitcoin miners have been preparing for the event. Marathon Digital recently announced its intention to acquire a 200-megawatt (MW) Bitcoin mining facility in Texas for $87.3 million. In December 2023, competitor Bitcoin mining firm Riot Platforms purchased 66,560 mining rigs through manufacturer MicroBT in one of the largest expansions of hash rate in history.

In any case, the Bitcoin halving is a crucial event that historically indicates a shift in the market, typically initiating a bullish trend over the following months. Despite short-term forecasts of price volatility within the crypto community, there is optimism about the long-term price potential of both BTC and the crypto industry in general.

 

April 20,2024

The 2024 Bitcoin Halving Has Successfully Been Completed

Bitcoin (BTC) has successfully undergone its fourth-ever halving event after reaching its 840,000th block, marking the point where mining rewards are halved once more. The significant event witnessed a decrease in Bitcoin miner rewards, dropping to 3.125 BTC per mined block compared to the previous 6.25 BTC.

Billionaire investor Tim Draper believes that the halving will help drive the price of Bitcoin to $250,000 or more, a prediction he has consistently made, particularly in 2022. Elsewhere, Bitcoin enthusiast Herbert Sim stated that there are other factors currently affecting price speculation, and that the halving is not the sole factor to consider.

 

Mining Rewards Decreased Once More

Starting today, Bitcoin miners will receive 3.125 BTC per mined block, as previously mentioned. This is a programmed process within the Bitcoin protocol occurring every 210,000 blocks mined, roughly every four years. The previous three halvings took place in 2012, 2016, and 2020, resulting in significant reductions in mining rewards over time. The initial Bitcoin halving in 2012 reduced the block reward 25 BTC.

The primary objective of the Bitcoin halving is to control scarcity and regulate the inflationary supply of Bitcoin. Satoshi Nakamoto, the pseudonymous founder of Bitcoin, incorporated this mechanism into the code. By halving mining rewards, this process effectively slows down the rate of new Bitcoin creation. The system will persist until approximately 2140 when all Bitcoin is mined.

 

Plenty Of Anticipation

Major Bitcoin miners have been preparing for the event. Marathon Digital recently announced its intention to acquire a 200-megawatt (MW) Bitcoin mining facility in Texas for $87.3 million. In December 2023, competitor Bitcoin mining firm Riot Platforms purchased 66,560 mining rigs through manufacturer MicroBT in one of the largest expansions of hash rate in history.

In any case, the Bitcoin halving is a crucial event that historically indicates a shift in the market, typically initiating a bullish trend over the following months. Despite short-term forecasts of price volatility within the crypto community, there is optimism about the long-term price potential of both BTC and the crypto industry in general.

 

April 20,2024

The 2024 Bitcoin Halving Has Successfully Been Completed

Bitcoin (BTC) has successfully undergone its fourth-ever halving event after reaching its 840,000th block, marking the point where mining rewards are halved once more. The significant event witnessed a decrease in Bitcoin miner rewards, dropping to 3.125 BTC per mined block compared to the previous 6.25 BTC.

Billionaire investor Tim Draper believes that the halving will help drive the price of Bitcoin to $250,000 or more, a prediction he has consistently made, particularly in 2022. Elsewhere, Bitcoin enthusiast Herbert Sim stated that there are other factors currently affecting price speculation, and that the halving is not the sole factor to consider.

 

Mining Rewards Decreased Once More

Starting today, Bitcoin miners will receive 3.125 BTC per mined block, as previously mentioned. This is a programmed process within the Bitcoin protocol occurring every 210,000 blocks mined, roughly every four years. The previous three halvings took place in 2012, 2016, and 2020, resulting in significant reductions in mining rewards over time. The initial Bitcoin halving in 2012 reduced the block reward 25 BTC.

The primary objective of the Bitcoin halving is to control scarcity and regulate the inflationary supply of Bitcoin. Satoshi Nakamoto, the pseudonymous founder of Bitcoin, incorporated this mechanism into the code. By halving mining rewards, this process effectively slows down the rate of new Bitcoin creation. The system will persist until approximately 2140 when all Bitcoin is mined.

 

Plenty Of Anticipation

Major Bitcoin miners have been preparing for the event. Marathon Digital recently announced its intention to acquire a 200-megawatt (MW) Bitcoin mining facility in Texas for $87.3 million. In December 2023, competitor Bitcoin mining firm Riot Platforms purchased 66,560 mining rigs through manufacturer MicroBT in one of the largest expansions of hash rate in history.

In any case, the Bitcoin halving is a crucial event that historically indicates a shift in the market, typically initiating a bullish trend over the following months. Despite short-term forecasts of price volatility within the crypto community, there is optimism about the long-term price potential of both BTC and the crypto industry in general.

 

April 19,2024

Everything You Need To Know About World Chain

Blockchain technology has undergone significant evolution since its inception with Bitcoin (BTC), promising a revolutionary approach to digital interaction. However, this progression faces challenges, particularly in scalability and governance, which are consistently undermined by bot activity.

Under the leadership of Sam Altman, Worldcoin is preparing to introduce World Chain in the upcoming summer of 2024, a fresh blockchain network that seamlessly integrates with the World ID system. The objective is to prioritize transactions by authenticated human users.

 

Validating Genuine Users

On April 17th, 2024, Worldcoin revealed World Chain, a blockchain network interconnected with World ID, prioritizing transactions made by humans. Utilizing the Worldcoin Proof of Personhood system and iris-scanning orbs, biometric data ensures the authenticity of human users on the network.

On the technical front, World Chain will operate as an L2 solution on Ethereum, leveraging the security of the largest smart-contract-enabled blockchain networks while retaining the speed of an L2 network. The network, scheduled for launch in the summer of 2024, will give preference to transactions originating through verified human users, which includes the 5 million individuals by 160 countries who have authenticated their World ID through the iris-scanning orb.

Through this, World Chain can authenticate users as genuine humans, enabling expedited transaction processing for humans. Moreover, verified users will receive a designated amount of free gas for transactions, facilitating cost-free transfers across the network, further encouraging participation.

 

Targeting Bots

Bot activity has become a growing concern for blockchain networks, impacting network congestion, airdrops, and decentralized governance systems within the blockchain ecosystem. Most recently, bot traffic has caused significant congestion issues on the Solana network.

Regarding cryptocurrency airdrops, bots often dominate rewards, with airdrop farmers programming bots to create multiple wallets, thus acquiring a disproportionate share of rewards, distorting distribution and devaluing rewards for genuine participants.

In governance, bots can accumulate substantial voting power, leading to manipulated outcomes that do not align with the intentions of the community. Additionally, in systems where governance participation is incentivized, bots can exploit these mechanisms, diverting valuable resources.

 

On The Other Hand

Several countries, including Kenya and Spain, have prohibited the aforementioned iris scanning technology, citing various privacy concerns. To make matters worse, Worldcoin encountered a significant hack last year, exposing sensitive user data. The project has since addressed its vulnerabilities.

Still, by alleviating congestion and prioritizing human transactions, World Chain has the potential to enhance the blockchain user experience, rendering it faster and more economical for everyday users.

 

April 19,2024

Ethereum TPS Charts Have A New Leader In Degen Chain

Degen Chain, a recent addition to the Ethereum layer-3 network, has demonstrated the highest transaction per second (TPS) rate within the Ethereum ecosystem in the past 24 hours. In this period, Degen saw its TPS surge by 62%, reaching 35.7 TPS, surpassing its foundation blockchain, Base, which achieved 29.7 TPS, as reported by L2BEAT. Other contenders in the top five include Arbitrum One, Ethereum, and zkSync Era.

 

The Importance Of TPS

TPS is an essential metric in blockchain technology because it measures the capacity to process transactions within a given timeframe. A higher TPS indicates greater scalability and efficiency, allowing more transactions to be confirmed quickly and reducing congestion on the network. This is crucial for mainstream adoption of blockchain technology, especially in applications requiring high throughput, such as payment systems or DeFi platforms.

Calculating the aforementioned 35.7 TPS over 86,400 seconds in a day implies that the meme coin chain handled 3.08 million transactions during that time frame. Despite this, Degen Chain saw a modest trading volume of $819,600 in the last day, ranking it 35th out of 44 blockchains monitored by CoinGecko.

This results in an average transaction value of $0.27, significantly lower than Ethereum and Base, which stand at $1,867 and $170, respectively. Although TPS is commonly used to gauge the scalability of a blockchain, industry experts argue its limitations, as it overlooks the computational complexity of each transaction.

 

Accumulating Social Worth

Degen Chain operates on the Degen (DEGEN) token, originally conceived as a tipping mechanism for users engaging with the Degen channel on Farcaster, a decentralized social media platform. According to Thomas Tang of Ryze Labs, this demonstrates how a meme coin can accumulate social worth through widespread usage.

With $4.1 million locked in total value and a $326 million market capitalization for the three-month-old DEGEN token, Degen Chain represents an ultra low cost, application specific layer 3 blockchain, utilizing Arbitrum Orbit and building upon the settlement layer of Base, an Ethereum layer-2 scaling solution.

 

April 18,2024

New AML And CFT Policies Supported By Senator Elizabeth Warren

United States Senator Elizabeth Warren responded to the recent testimony by Deputy Treasury Secretary Wally Adeyemo before the Senate Banking Committee. In a letter addressed to Treasury Secretary Janet Yellen, she expressed support for Adeyemo and his stance on policies concerning anti-money laundering (AML) and countering terrorism financing (CFT).

 

Endorsing Regulatory Measures For Stablecoins

Senator Warren voiced her full backing for a legislative proposal aimed at implementing additional AML and CFT measures for stablecoins. During the hearing, the Deputy Treasury Secretary discussed various Treasury proposals, including extending its authority to sanction blockchain node operators and other regulatory measures. In a document labeled Letter to Congress by Senator Warren, the Treasury outlined steps it could take to achieve its enforcement objectives and address regulatory gaps.

In her correspondence, Senator Warren emphasized that the proposals outlined in the letter should be carefully considered and incorporated into any forthcoming legislation. She argued that doing so would help establish a regulatory framework for the $157 billion stablecoin market. Notably, Senator Warren was not referring to the stablecoin bill introduced by Senator Kirsten Gillibrand and Cynthia Lummis, which was unveiled after the date of her letter and does not tackle AML/CFT issues.

 

Legislative Initiatives And Regulatory Framework

According to the letter, the bill which Senator Warren referenced is anticipated to originate via the House of Representatives. It is expected to be crafted by Finance Committee Chairman Patrick McHenry and ranking member Maxine Waters. Senator Warren communicated similar concerns to them in a letter, echoing the issues raised in her recent correspondence to Janet Yellen. She stressed the importance of incorporating all the tools requested by the Treasury in its letter to Congress into stablecoin regulations.

Senator Warren underscored the critical necessity of these tools in combating the threats of financial terrorism. Taylor Barr, Senior Policy Associate at the Digital Chamber, expressed interest in what Senator Warren had to say regarding the new Gillibrand and Lummis bill. He observed that her points of discussion did not encompass proposals such as consumer protection language, the Office of the Comptroller regarding currency enforcement authority, and additional receivership provisions in the bill.

 

April 18,2024

Two NFT Games Offloaded As Yuga Labs Aims To Liberate BAYC Team

Yuga Labs, the company responsible for the NFT series Bored Ape Yacht Club (BAYC), has transferred the intellectual property rights for two of its games, HV-MTL and Legends of the Mara. This move aligns with their previously stated intention to refocus the company.

In a post dated April 17th, 2024, on X, Yuga Labs announced that Faraway, a Web3 gaming studio, had acquired the IP. Additionally, Spencer Tucker, the Chief Gaming Officer for Yuga Labs, will join Faraway as the new chief product officer to ensure continuity between the games at the new company.

 

Time For Change

HV-MTL is an NFT-focused mech game where players manage and upgrade their NFTs and local environments. On the other hand, Legends of the Mara is an adventure game integrated into the Otherside metaverse, which was launched on April 30th, 2022.

Yuga Labs and Faraway have had a close working relationship, with Faraway previously developing a game themed around the Mutant Ape Yacht Club called Serum City. The decision by Yuga to transfer its gaming IP to Faraway reflects a broader effort to liberate the team, which was initiated when co-founder Greg Solano returned to Yuga and replaced Daniel Allegre as CEO in February of this year.

 

NFTs Continue To Struggle

The announcement coincides with a general downturn in NFTs across the market, with the flagship BAYC collection being one of the hardest hit among top NFT collections. At the time of writing, the floor price of the BAYC collection is 11.7 Ether (ETH), equivalent to about $35,400 at current prices. This represents a significant decrease of 92% compared to its all-time high floor price of 153.7 ETH, recorded on May 1st, 2022.

Earlier this year, Yuga Labs caused controversy among NFT holders and community members on January 7th when it announced the acquisition of the controversial Moonbirds collection and the appointment of Kevin Rose, the creator of the project, as an advisor.

 

April 17,2024

Klickl Obtains FSP In Abu Dhabi As The UAE Looks Toward The Future

Klickl International, a progressive provider of financial infrastructure headquartered in Abu Dhabi, is proud to announce its recent achievement of securing the Financial Services Permission (FSP) via the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market.

This milestone underscores the commitment by Klickl to addressing challenges in the Web3 and virtual asset sectors by developing an integrated financial platform that seamlessly combines traditional finance (TradFi) with the evolving realm of cryptocurrency.

 

A Revolutionary System

Founded in Abu Dhabi, Klickl strategically leverages the local forward-thinking regulatory landscape and dynamic economic environment. This strategic positioning allows Klickl to streamline operations, bridging the divide between traditional financial markets and the digital economy. Such an approach not only ensures smoother transitions and enhanced accessibility but also lays the foundation for integrating the next billion users into the Web3 ecosystem.

Klickl is uniquely designed to be destination-agnostic, operating under a decentralized global licensing framework that empowers users across diverse jurisdictions. This innovative framework not only promotes inclusivity in financial services but also significantly impacts the global virtual assets community, facilitating seamless exchanges across varied financial domains.

 

Best Of Two Worlds

Michael Zhao, CEO of Klickl, articulated his vision by stating that securing the FSP license by the FSRA represents more than a regulatory milestone, as it affirms an overall vision to seamlessly merge traditional finance and cryptocurrency. Zhao further claimed that the local forward-looking regulatory initiatives are indispensable in terms of redefining financial infrastructure.

Looking ahead, Klickl is eager to continue forging ahead, ensuring the digital economy is accessible, secure, and efficient for all. With this latest licensing achievement, Klickl is poised to expand its operations, offering robust, secure, and compliant financial services tailored to the demands of the contemporary dynamic financial landscape and the future of digital horizons.