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 

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 

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 

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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May 28,2023

JPMorgan Chase Introduces New Product To Rival ChatGPT.

The banking giant recently filed a trademark application for a new generative AI tool known as IndexGPT with the US Patent and Trademark Office, indicating their intention to utilize it in various business areas such as advertising, business consulting, and finance-focused software solutions which also includes crypto based offerings.

The decision to develop IndexGPT aligns with the perspective of CEO Jamie Dimon, who has previously expressed a keen interest in AI. Dimon previously mentioned that the company already has more than 300 AI use cases in production, covering areas like risk assessment, marketing, customer experience, and fraud prevention.

While numerous technology giants are eagerly adopting generative AI tools across different sectors, Apple has taken a different approach by imposing restrictions on the use of ChatGPT and similar tools. This decision was prompted by concerns about the potential compromise of sensitive data. An internal document highlighted specific restriction by Apple on the usage of Copilot, an AI tool owned by GitHub that automates software code writing.

May 27,2023

ERC-6551 Can Turn Any NFT Into A Wallet

The ERC-6551 protocol has introduced token-bound accounts, enabling individual NFTs to function as a wallet of sorts. This innovation was discussed by Benny Giang, the co-founder of Future Primitive and the renowned CryptoKitties NFT collection.

The concept behind this development originated from a collaboration between Giang and streetwear designer Jeff Staple called Sapienz. They sought to reimagine the future of storytelling, streetwear, and fashion through profile pictures (PFPs).

By assigning each NFT its own smart contract account or wallet, which became ERC-6551, a breakthrough was achieved. According to Giang, all NFTs on the Ethereum mainnet, from CryptoKitties to the latest projects, now possess their own account addresses capable of holding various tokens.

Token-bound accounts endow NFTs with two significant properties. Firstly, they can own assets, including ETH, USDC, and other NFTs. Secondly, they can participate in social governance. As Giang explains, NFTs can become signers on multisig transactions, possess their own ENS sub-domains, and engage in voting on proposals.

Giang metaphorically describes this as granting NFTs a passport, providing users access to diverse functions like bank accounts and voting. Taking it a step further, Giang suggests that incorporating AI into NFTs could infuse them with personalities, allowing them to tweet and execute on-chain actions.

Ultimately, Giang views this as a natural progression for human interaction and digital interfaces, facilitating deeper engagement and interaction among users worldwide.

May 25,2023

Binance Officially Enters NFT Lending Sector Via Ether Loans

Binance has finally made its entry into the NFT lending space by introducing a new feature on its NFT marketplace. Users can now borrow cryptocurrencies by using NFTs as collateral.

Initially, the feature supports borrowing ETH against blue-chip NFTs such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, and Doodles. The current interest rate for NFT loans stands at 7.91% per annum, and the loan-to-value ratio ranges from 40% to 60%. Notably, there are no gas fees or Ethereum transaction charges associated with these loans.

Binance launched its NFT marketplace in June 2021 and plans to add support for Ordinals (Bitcoin NFTs) in addition to the existing blockchain systems of Ethereum, Polygon, and BNB Chain.

This move follows the recent introduction of Blend, an NFT lending protocol by the NFT marketplace giant, Blur. Blend allows lenders to determine their own interest rates and loan-to-value ratios, showcasing its rapid growth and potential to revolutionize the lending landscape.

In other news, Binance also recently gained its first Southeast Asian license from Thailand as the team gets ready to launch a new Thai crypto exchange in late 2023.

May 25,2023

Binance Officially Enters NFT Lending Sector Via Ether Loans

Binance has finally made its entry into the NFT lending space by introducing a new feature on its NFT marketplace. Users can now borrow cryptocurrencies by using NFTs as collateral.

Initially, the feature supports borrowing ETH against blue-chip NFTs such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, and Doodles. The current interest rate for NFT loans stands at 7.91% per annum, and the loan-to-value ratio ranges from 40% to 60%. Notably, there are no gas fees or Ethereum transaction charges associated with these loans.

Binance launched its NFT marketplace in June 2021 and plans to add support for Ordinals (Bitcoin NFTs) in addition to the existing blockchain systems of Ethereum, Polygon, and BNB Chain.

This move follows the recent introduction of Blend, an NFT lending protocol by the NFT marketplace giant, Blur. Blend allows lenders to determine their own interest rates and loan-to-value ratios, showcasing its rapid growth and potential to revolutionize the lending landscape.

In other news, Binance also recently gained its first Southeast Asian license from Thailand as the team gets ready to launch a new Thai crypto exchange in late 2023.

May 23,2023

Crypto Exchange License Applications Will Soon Be Accepted By Hong Kong Securities Regulator

Starting June 1st, the Hong Kong Securities and Futures Commission (SFC) will begin accepting applications for licenses from cryptocurrency exchanges. The SFC has issued guidelines that prohibit the offering of crypto gifts aimed at incentivizing retail investments, including airdrops. It has also stated that stablecoins should not be allowed for retail trading until they are regulated.

According to the latest consultation on policy recommendations, licensed virtual asset providers will be allowed to serve retail investors as long as they assess the overall understanding of the investors and associated risks. The SFC sought public feedback on its initial policy recommendations in February before finalizing them.

The guidelines place the responsibility on platform operators to conduct thorough due diligence, emphasizing that meeting the minimum requirement of being included in two acceptable indices is not sufficient for listing a cryptocurrency for trading.

Under the new rules, crypto exchanges must also maintain a minimum capital of $640,000 (USD) at all times. They are also required to submit reports on available and required liquid capital, a summary of bank loans and credit facilities, and profit and loss analyses to the SFC on a monthly basis. In addition, approved tokens on regulated exchanges must have a 12-month track record.

The SFC mentioned that it will separately consult on the inclusion of derivatives, which are crucial for institutional investors. Regarding the implementation of the travel rule by the FATF, which involves sharing information on crypto transactions between financial institutions, the SFC will accept delayed submission of required information until January 1st, 2024, if immediate submission is not feasible during the virtual asset transfer.

May 21,2023

Ledger Defends New Recovery Feature Despite Ongoing Backlash

Ledger, the renowned cryptocurrency hardware wallet manufacturer, recently introduced a new Bitcoin (BTC) key recovery feature, aiming to provide users with an additional layer of convenience and security as it will reportedly enable them to back up their private keys so that they may be recovered if lost.

However, the introduction of this feature has not been without controversy, as experts and critics raise doubts about its safety and effectiveness. More importantly, it is indicative of how Ledger may have violated the trust of its user base with potentially catastrophic consequences.

Safety or violation of trust?

When it comes to user satisfaction and building trust, being technically correct is not enough. It is impossible to overestimate the importance of addressing user concerns and striking a balance between security and convenience, as while the new feature may be useful in the long run as far as Ledger is concerned, the crypto community remains unconvinced and feels betrayed.

Since then, Ledger has responded to the criticism and concerns expressed about their new wallet recovery service. The company talks about the specifics and how it intends to help users recover lost or inaccessible Bitcoin keys. Despite the controversy, Ledger defends the implemented security measures and emphasizes their commitment to protecting user assets.

Still, experts have expressed concerns about the security of the new Bitcoin key recovery feature. They evaluate the technical aspects while also examining potential vulnerabilities and risks associated with the recovery process. Twitter user foobar told his 132,000 followers to stop using Ledger hardware wallets as soon as possible, claiming that the company has shown nothing but gross incompetence and wild misunderstanding of their own purposes. Similarly, Polygon Labs CISO Mudit Gupta informed his 61,000 followers that the new recovery feature is a horrendous idea and that no one in their right minds would support it.

What comes next?

While it is optional, the new feature will split the private keys of the users into three encrypted fragments which would be stored by three different companies, including Ledger. Users who once trusted that it was next to impossible for their private keys to ever leave their Ledger devices are understandably livid with this new feature, as they believe it defeats the purpose of having a hardware wallet in the first place.

As to why Ledger would do this, the official statement was that the feature will make it easy for anyone to own crypto by eliminating the confusing and complicated terminologies and processes associated with private keys and crypto wallets. Nevertheless, many believe that this is indeed a violation of trust and numerous Ledger users are now shifting to alternative options like Argent and Trezor.

May 20,2023

Crypto Regulations Discussed Ahead Of Upcoming G-7 Summit

G-7 finance ministers reportedly held discussions on the regulation of cryptocurrencies prior to the upcoming Japan summit. The representatives expressed their commitment to adhering to the standards established by the Financial Stability Board (FSB) and the International Monetary Fund (IMF) regarding crypto assets and central bank digital currencies (CBDCs).

FSB will be providing final recommendations by July 2023 and pledged to implement effective regulatory frameworks for crypto assets and stablecoin arrangements in accordance with the appropriate guidance and standards established by standard-setting bodies (SSBs).

Many also expressed their support for the Financial Action Task Force (FATF) and its efforts to expedite the global implementation of the travel rule, which mandates the exchange of information on fund transfers between financial institutions both domestically and internationally.

Everyone involved is eagerly awaiting the progress report by the FATF on the travel rule implementation due to the increasing threats posed by illicit activities like money laundering and terrorist financing, among others.

Furthermore, the IMF will be providing its own recommendations on CBDCs, to be published later this year and discussed during the upcoming summit. The G-7 consists of the United States, United Kingdom, Canada, France, Germany, Italy, and Japan, with additional representatives from the European Union, Australia, India, and other jurisdictions invited to participate in the event.

May 19,2023

Governments Can Now Issue CBDCs Via New Ripple Platform

Ripple has introduced a new platform that enables governments to issue their own digital currencies in the form of CBDCs (Central Bank Digital Currencies). With this announcement, Ripple looks to continue its innovative solutions for digital payments and cross-border transactions.

On May 18th, the launch of the Ripple CBDC Platform took place, which leverages the same blockchain technology used in the XRP Ledger (XRPL). The platform empowers central banks, financial service providers, and governments to holistically manage and customize the entire life cycle of fiat-based CBDCs, including transactions and distribution.

The new platform facilitates inter-institutional settlement and distribution operations for financial institutions utilizing CBDCs. It also enables global central banks to issue both retail and wholesale digital currencies. The capabilities are also exemplified through the e-HKD pilot, a CBDC program initiated by the central bank of Hong Kong (HKMA). Additionally, Ripple is working with Fubon Bank in Taiwan to develop a solution for real estate asset tokenization and equity distribution.

The CBDC platform offers four key features, namely Ledger technology, Issuer, Operator, and End-User Wallets. The platform builds upon the Private Ledger function, which was initially introduced by Ripple in 2021 for CBDC issuance.

James Wallis, VP of Central Bank Engagements and CBDCs at Ripple, expressed confidence in the platform and its ability to address challenges faced by central banks and governments while developing strategies for CBDC implementations. Ripple is also collaborating with several central banks to help establish it as a trusted partner in this space.

May 16,2023

Supreme Court Sides With Crypto To Push SEC Out

Many crypto businesses are hoping that a new US Supreme Court doctrine will set a legal precedent that could theoritically force the SEC to step aside, however federal regulators remain skeptical.

In a decision issued last June, the Supreme Court sided with states challenging the authority of the EPA to regulate greenhouse gas emissions. The institution had decided to adopt a formal doctrine that actively seeks to limit the power of federal agencies.

According to the doctrine, Congress should not delegate deciding the fate of extraordinary cases involving matters of significant political and economic impact to federal agencies such as the EPA or SEC.

In its April 2023 response to the Wells notice issued to the exchange by the SEC, Coinbase talked about how the agency has no authority to make crypto decisions unilaterally, especially when it comes to token classification.

In response to the request made by Coinbase for more regulatory clarity in the crypto space, Gary Gensler claimed that this industry has more than enough information to operate within the legal framework of the country.

Gensler further stated that many cryptocurrencies have been non-compliant in the past, and that the SEC has issued rules defining what it means to be an exchange, a broker dealer, an advisor or custody asset, and how to register a securities offering.

Those rules exist, Gensler continued, before saying that there is nothing about crypto or any new technology for that matter which would make it incompatible with pre-existing public policies.

May 14,2023

Traders Remain Optimistic Despite BTC Ordinals Coming Under Scrutiny

There is an ongoing heated debate amongst Bitcoin developers regarding the censorship of a new type of transaction called Ordinals BRC-20s. This development has also had a significant impact on the mining of Bitcoin, causing transaction fees to surpass the mining reward for the first time in years.

Ordinals BRC-20s are a new type of transaction on the Bitcoin blockchain that allow for the creation of smart contracts on top of the Bitcoin network. These transactions can also enable other blockchain platforms to interact with Bitcoin. However, some developers are concerned that these transactions may be harmful to the overall health of the Bitcoin network, leading to a debate amongst developers on whether or not to censor them.

Ordinals, which require significantly more computing power to process than standard Bitcoin transactions, have been causing mining fees to skyrocket. This has led to concerns among some experts that mining fees may become prohibitively expensive for small-scale miners, causing centralization in the mining industry.

These concerns have led some Bitcoin developers to advocate for a spam filter to be put in place to limit the number of Ordinals transactions being processed on the network. Some have even suggested that all Ordinals transactions be blocked until a solution can be found to mitigate their impact on mining fees.

Despite the controversy surrounding Ordinals, many remain optimistic. Ordinals could help Bitcoin maintain its status by allowing for the creation of more complex smart contracts and enabling interoperability with other blockchains.

May 14,2023

Cardano Looks To Take 2023 By Storm As Hydra Gets Launched

Cardano (ADA) is a blockchain platform that is rapidly gaining global popularity due to its focus on scalability, security, and interoperability. Most recently, the Cardano Foundation CEO, Frederik Gregaard, provided some insight into some potential use cases, wherein he envisions a future where Cardano will play a key role in areas such as supply chain management, digital identity, and DeFi.

What has Cardano accomplished lately?

Speaking of DeFi, a new platform called Empowa has been launched on the Cardano network, aiming to tackle the housing crisis in Africa. Empower is a DeFi platform that provides affordable housing loans to low income families in the country, and is fully powered by Cardano.

In addition, Cardano has a scalability solution known as Hydra which recently went live on its mainnet. Hydra is a layer 2 scaling solution that can handle a high volume of transactions per second without compromising the security and decentralization of the Cardano network. This could be particularly useful as Ethereum gas fees continue to surge and people look for an alternative.

What comes next?

Cardano Founder and Ethereum Co-Founder Charles Hoskinson has often gone on record to say that true decentralization is the only solution the world desperately needs and that Cardano has and always will work in this direction. Ultimately, the focus on scalability, security, and interoperability is making it an attractive platform for developers and entrepreneurs who want to build decentralized applications with practical use cases.

With the launch of Empowa and the rollout of Alonzo, Cardano is certainly showing that it possesses the potential to become a major player in DeFi and smart contract spaces going forward. The implementation of Hydra will further solidify its position as a scalable and secure blockchain platform.

May 13,2023

Digital Currencies Added To Texas Bill Of Rights

Texas legislators recently voted to amend their Bill of Rights to include digital currencies, allowing individuals to own, keep, and use digital currencies such as Bitcoin (BTC) and Ethereum (ETH).

The lawmakers overwhelmingly supported the amendment, possibly indicating how they feel about digital currencies in general. Only two lawmakers voted against it, with 139 voting in favor.

The amendment was included in a bill introduced by State Representative Giovani Capriglione, titled Bill HJR 146. Individuals will now have the right to use a mutually agreed-upon medium of exchange, such as digital currencies, tokens, or cash, for contracting goods and services and trading.

According to the bill, no government will prohibit or hinder the ownership or holding of any amount of form of money or other currency going forward.

The Texas Bill of Rights, like the US Bill of Rights, protects fundamental rights like free speech, religion, and the press. However, the Texas Bill of Rights includes state-specific provisions such as the right to a speedy trial and the right to possess and carry self-defense weapons.

The Texas Constitutional Enforcement group commented on the development, saying that including digital currencies in the Texas Bill of Rights is critical in protecting the financial privacy and well-being of the citizens.