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Norwegian ‘City’ Replacing Fiat and Cash for Its Own Cryptocurrency

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Liberstad, a libertarian town in southern Norway, has reportedly dumped fiat currencies and money. In their position, it has instituted its personal cryptocurrency — City Coin. 


The not-so-cleverly-named cryptocurrency will exchange all different sorts of criminal gentle.

A spokesman told Express.co.united kingdom:

City Coin is a safe and leading edge cryptocurrency in response to City Chain, a sensible town platform that permits the design, implementation and use of next-generation services and products for good towns and their population. As the primary cryptocurrency to be formally followed by way of a sensible town, City Coin is the one medium of trade inside Liberstad. It shall be used for the fee of town services and products and employee wages and for investment civic tasks. Inhabitants will pay for the rest starting from haircuts, a dozen native eggs or an artisan loaf of bread the use of CITY, marking a milestone for real-world use of blockchain era. Over 100 land plots have already been bought inside Liberstad and extra will change into to be had to buy the use of CITY within the close to long run.

While the possibility would possibly appear farfetched, it bears remembering that Liberstad is a small town in response to The Libertania Project’s ideas of anarchism and non-aggression. According to its authentic web page, this is a personal town through which “all property is private and all services are performed by private actors” and based at the trust “that all human interactions should be voluntary.”

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The spokesman additionally informed the day by day nationwide middle-market tabloid newspaper:

We are a small staff of people who are looking for a transformation in the way in which society works. We need a society the place folks make a decision over themselves and will are living in combination with out govt government. Liberstad will change into a town the place anarchism can get a bodily foothold in some of the international’s maximum socialist international locations. We additionally need a town the place everybody has the chance to shop for each properties and land for a value this is a ways under different space and cottage costs in Norway. In Liberstad it is possible for you to to are living with out prime loan or hire, and with none direct and oblique taxes. Liberstad will change into a town the place existence is more straightforward, extra enjoyable and with out the prime price of dwelling. In the longer term, we will be able to in combination increase a non-public town the place folks have larger freedom and alternative to are living the existence they want.

Cryptocurrencies like Bitcoin (BTC) and libertarianism have lengthy long past hand-in-hand. Liberstad and City Coin are simply additional small examples of what may well be in retailer for freedom-loving folks within the not-so-distant long run.

What do you call to mind Liberstad and City Coin? Let us know your ideas within the feedback under!


Images courtesy of Shutterstock.

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Content Subscription Service Onlyfans Adds Ethereum-Based NFT Profile Feature

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Content Subscription Service Onlyfans Adds Ethereum-Based NFT Profile Feature

The internet content subscription service Onlyfans has announced the launch of a feature that leverages non-fungible token (NFT) technology. The newly-added feature, introduced on Thursday, gives Onlyfans members the ability to display authenticated NFTs as their profile pictures.

Onlyfans Steps Into the Realm of NFTs

The London-based content subscription service Onlyfans is well known for its direct funding for content creators, its one-time tips, the firm’s pay-per-view (PPV) features, and of course, NSFW content.

This week, Onlyfans has revealed it is experimenting with blockchain technology as the firm is allowing users to show off their NFTs. According to a report from Reuters, Onlyfans CEO Ami Gan explained that the move is meant to empower the platform’s userbase.

“Our mission is to empower creators to own their full potential,” Gan explained to the Reuters author Elizabeth Culliford. “This feature is the first step in exploring the role that NFTs can play on our platform.”

Onlyfans is behind the eight ball when it comes to joining the NFT industry, as a large swathe of well-known businesses and popular brands have already jumped in. Moreover, Twitter’s verified NFT profile feature is similar to the Onlyfans NFT profile concept. Twitter launched the feature last month.

On Febraury 6, Bitcoin.com News reported on Alphabet’s (Google) plans to explore blockchain and Web3 technology. Furthermore, Alphabet’s subsidiary Youtube published a blog post explaining that it has plans to leverage non-fungible tokens (NFTs). The CEO of Instagram, Adam Mosseri, said Instagram is exploring NFTs and reports note that Meta is also experimenting with the technology.

According to Onlyfans CEO Ami Gan, the NFT support will be for Ethereum-based NFTs, and in order to know they are verified, an Ethereum logo mark will be present. The company didn’t disclose whether or not it would support other blockchains that support NFT tech going forward.

What do you think about Onlyfans adding NFT support? Let us know what you think about this subject in the comments section below.

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Philippines’ PDAX Secures $50 Million For Metaverse Expansion

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The Philippine Digital Asset Exchange or PDAX announced on Thursday the completion of its $50 million Series B funding round headed by Tiger Global.

This round was also attended by investors from earlier rounds, including Beenext Ventures and Cadenza Capital Management.

Several other financial institutions have also joined as co-investors in this project. These include Kingsway Capital, Jump Capital, Draper Dragon, Oak Drive Ventures, DG Daiwa Ventures, Ripple, and UBX Ventures. Since August 2021, PDAX has raised $12.5 million in Series B investment.

In an interview, PDAX chief operating officer Kyle T. Kua credited the country’s widespread crypto acceptance to the Filipinos’ innate digital savvy, as well as the development of the Play-to-Earn (P2E) sector over the past decade.

“Many Filipinos took time to start studying cryptocurrencies and delving into the market, whether by trading, investing, or playing,” Kua said.

Knowing how gregarious Filipinos can be, interest in creating crypto wallets and playing these games exploded throughout the Philippines in highly urbanized cities and the countryside.

This popularity is attributed to the availability of smartphones and other devices and because the daily revenues of certain P2E games exceeded the daily minimum wage.

PDAX, which has seen a 35-fold increase in user sign-ups since the lockdowns began, added five more coins to its roster of cryptocurrencies on February 3.

“These five new tokens are among of the most sought after in our community,” said Nix T. Eniego, PDAX associate vice president for marketing, referring to Polygon (MATIC), Cardano (ADA), Dogecoin (DOGE), Polkadot (DOT), and Avalanche (AVL) (AVAX).

Total crypto market cap at $1.975 trillion in the daily chart | Source: TradingView.com

Related Reading | No Point Separating the Virtual From The Real, Father Of PlayStation Criticizes Metaverse Push

The PDAX Backstory

PDAX is a central bank-licensed digital asset trading platform founded in 2018 by CEO Nichel Gaba. It offers Filipinos a “safe, user-friendly” platform for buying and selling digital assets and participating in metaverse applications.

The app was officially introduced in the Philippines in 2019 and is accessible online and on iOS and Android devices.

PDAX launched in 2020 in collaboration with the Bureau of the Treasury and Unionbank Bonds.ph. This blockchain-enabled tool allows retail customers to buy government bonds directly from their smartphones.

Opportunities For Personal Wealth

According to Gaba, cryptocurrency is the most revolutionary technology since the internet. So, PDAX has secured $50 million in Series B funding to bring metaverse apps to the Philippines.

The Filipinos already use applications to earn money through NFT projects, cross-border money transfers, commerce, and other related investment. The Series B funding will establish a safe and accessible infrastructure for the country’s digital asset industry.

PDAX facilitates the exchange of cryptocurrencies and fiat cash between metaverse applications and the PDAX network. However, there is still more to be done in terms of building up the necessary infrastructure.

The platform is now in the middle of advancements that will make access to digital assets safer, simpler and more efficient for all stakeholders.

As the field matures, PDAX will continue to collaborate with authorities to ensure that all these technologies safeguard and provide value to consumers.

PDAX thinks that blockchain technology and digital assets would provide the Philippines a fair playing field, creating opportunities for personal wealth and growth among the Filipino people.

The Philippines has more than 100 million people; however, most do not have easy access to financial services.

One of the goals of PDAX is to make cryptocurrency accessible to every Filipino.

Related Reading | Disney And VeVe Announce NFTs For Disney IP

Featured image from MegaBites, chart from TradingView.com

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‘China’s crypto ban had little impact on Neo,’ says organization’s developers

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It’s had a brutal fall from all-time highs, but the project still retains a market of $1.6 billion and has a dedicated community of developers.

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What is Harmony (ONE) blockchain and why it is getting so much traction?

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Harmony (ONE) is a new blockchain network that is gaining traction as more developers and crypto investors become aware of its features.

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England’s Manchester United Set to Unveil Tezos Blockchain Shirt Sponsorship, Report

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Tezos blockchain has reportedly agreed to a training kit sponsorship with Manchester United in a deal that will see the latter receive over $27 million per year. This deal adds to Tezos’ growing list of sports teams it has sponsored since May 2021.

Tezos’ Investment in Sports

The most successful football club in the English Premier League, Manchester United, is reported to have signed a training kit sponsorship deal with Tezos blockchain. As part of this agreement, Manchester United will reportedly receive over $27 million per year, or £20 million. In exchange, Tezos will become the football club’s training kit sponsor.

According to a report by The Athletic, Tezos’ sponsorship agreement with the 20-time English champions follows the end of Manchester United’s sponsorship deal with the American insurance company Aon.

Tezos’ partnership with Manchester United, if confirmed, will become the blockchain firm’s latest sponsorship of a sporting entity. In May 2021, Tezos announced it was sponsoring Major League Baseball team the New York Mets. During the same month, reports also emerged that Tezos had reached an agreement to build the Formula One (F1) team Red Bull Racing Honda’s “first-ever NFT experience.”

Front-of-Shirt Visibility

According to the report, Tezos is also the sponsor of McClaren Racing in three racing categories: F1, Indycar, and Esports. Elsewhere in Europe, the blockchain entity recently became the technical partner of Team Vitality, a French esports organization. The agreement, just like the reported Tezos and Manchester United deal, gives the esports entity front-of-shirt visibility.

Meanwhile, The Athletic reports that both Manchester United and Tezos have either failed or refused to comment on the reported sponsorship deal. The publication nevertheless suggests that the sponsorship agreement will likely see the football club utilize Tezos’ blockchain to exploit potentially beneficial emerging technologies like the metaverse and Web3.

What are your thoughts on this story? Tell us what you think in the comments section below.

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