Connect with us

Hi, what are you looking for?

Cryptocurrency

NewsCrypto Pivots To Metaverse Utilizing Enjin’s Efinity Blockchain

In a bid to expand its portfolio, newsBTC has announced it will pivot from the BTC market and move onto Enjin’s Efinity blockchain. The platform-agnostic organization says that this change is designed in order to meet what they believe to be an increasing demand for crypto related entertainment content on their website.

NewsCrypto, a blockchain-based news platform that is powered by Enjin Coin (ENJ), has pivoted to the Metaverse. NewsCrypto has announced its new website and plans to launch on the Efinity Blockchain on May 30th, 2019. Read more in detail here: how to buy enjin coin.

NewsCrypto Pivots To Metaverse Utilizing Enjin’s Efinity Blockchain

15 December 2021, Ljubljana, Slovenia

– NewsCrypto has unveiled intentions to build an interactive crypto trading suite based on Enjin’s Efinity parachain in their own Metaverse. Beginners and experienced traders alike will be able to engage in anything from education to copy trading in the NewsCryptoVerse. 

NewsCrypto has revealed that beginning in Q4 2022, they will convert their whole ecosystem – including several expansions – into a virtual reality environment. The NewsCryptoVerse will be built around totally configurable virtual offices, which each trader will be able to customize with their own trading tools, personalized aesthetics, and certifications earned via trading challenges or the NewsCrypto Academy.

The project, which began with a one-million-dollar NWC funding, will be implemented in stages from 2022 to 2026, with the virtual offices MVP opening in Q4 of next year. Everything from user avatars to certificates and tradeable commodities will be represented as non-fungible tokens due to the importance of decentralization and security (NFTs). The project’s whole suite of on-chain services and tokens will be created inside the Enjin ecosystem, taking use of the Efinity parachain’s lightning-fast transactions and the Polkadot network’s security.

Work, education, entertainment, networking, and a marketplace will all be covered in the NewsCryptoVerse. All of these activities will take place in a variety of virtual environments, ranging from a university building to business spaces and a trading area that has been meticulously constructed. Users will have abundant chance to pick the location and style that best fits them across the NewsCryptoVerse, such as the ability to trade on a terminal in their own personal office or among other traders in a crowded trading room imitating a 1980s stock market. All of these locations will provide plenty of opportunities for networking, allowing users to learn from more experienced traders or establish their own personal brand as crypto gurus and instructors. Of course, existing NewsCrypto products will continue to be accessible via the current interface on the NewsCrypto Platform and app, as will many improvements and extensions, but many social and networking-focused features, such as virtual offices, will be unique to the NewsCryptoVerse.

The NewsCryptoVerse will provide enterprises, brands, and crypto startups with a new avenue to develop their goods as more and more brands migrate to the Metaverse – particularly after Facebook switched to Meta in October. Enterprises will be able to customize virtual environments via partnerships and direct purchases, resulting in increased user acquisition for crypto-focused projects.

“We think the Metaverse will be the most crucial frontier for pushing crypto into the mainstream, and the current wave of acceptance has only just started,” said Vid Gradiar, CEO and Co-Founder of NewsCrypto. That’s why, in conjunction with Enjin, a pioneer in the NFT business, we’re constructing the most significant overhaul to the NewsCrypto ecosystem yet, bringing it to an open, dynamic, social, and feature-rich virtual world.”

The NewsCryptoVerse will provide a practically limitless number of options, ranging from education to trading to socializing, making it a one-stop shop for crypto fans. Furthermore, the community-oriented aspects will transform the entire experience of crypto from an often solitary endeavor to an interactive universe full of like-minded people from all over the world, transforming it from a solitary endeavor to an interactive universe full of like-minded people from all over the world. After all, one of the main motivations for cryptocurrency was to break down barriers between countries with different monetary systems by enabling truly global forms of finance, so it only makes sense that the various ways of interacting with cryptocurrency – from learning about it to trading and sharing content with others – should do the same.

NewsCrypto is a cryptocurrency that is used to store information. 

NewsCrypto is an all-in-one crypto ecosystem that focuses on teaching and trading, providing both beginners and experienced traders with everything they need to get started in the crypto world and advance their abilities. The project has recently expanded to copy trading, providing novel DeFi solutions in collaboration with various protocols and development-focused projects, as well as the NewsCryptoVerse, an immersive digital space for crypto traders and educators, which is NewsCrypto’s most ambitious development to date. NewsCrypto’s objective is to give an ideal beginning point for newbie traders as well as a complete ecosystem for crypto specialists, giving all that every crypto user needs in one location, across these many growth avenues.

################################################

Contacts

Business Development Manager

Watch This Video-

Related Tag

  • enj price

Advertisement

You May Also Like

Cryptocurrency

INX Limited, a Gibraltar-based platform for trading securities and cryptocurrencies, is preparing to close its IPO soon. According to the announcement on Monday, the...

Cryptocurrency

Github’s services are under investigation following a series of reports of attacks on one of its infrastructures by launching unauthorized cryptomining applications. Cybercriminals have...

Cryptocurrency

While gambling is no stranger to the blockchain, poker’s appeal to players has only increased as poker sites accept bitcoin and Covid-19 increasingly promotes...

Cryptocurrency

Kenanga Investment Bank Berhad, one of Malaysia’s largest financial companies, is stepping into the cryptocurrency industry with new investments. According to an official announcement...