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WAX Creates the Largest Cross Blockchain Ecosystem for Gaming, NFTS and GameFi With Binance

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“Blockchain Brawlers” NFT Collection Launches Later this Month

WAX, (Worldwide Asset eXchange), co-founder William Quigley has a vision for the future. One where an NFT bridge, built by the company, would allow blockchain and NFT markets to thrive despite differences in their chain types.

Quigley’s vision took a giant leap forward recently has the company announced the launch of its GameFi project, ‘Blockchain Brawlers’, that enables users to transfer NFTs used in the game interchangeably between Binance Smart Chain and WAX blockchain through the NFT bridge developed by WAX.

William Quigley, cofounder of WAX, stated that the NFT bridge built in WAX could help build the future we envision.

The NFT collection of ‘Blockchain Brawlers’ will be auctioned on Binance NFT Marketplace for the first time on November 30, 2021. The GameFi industry will reach new heights by being able to transfer NFTs from game to other blockchains via bridges. The global adoption rate for gaming NFTs will rise with the availability of free transfers.

Binance smart chain (BSC), is the first blockchain to connect with WAX. ‘Blockchain brawlers’ will also be the first gaming app that allows cross-chain NFTs. The first batch of ‘Blockchain Brawlers’ NFTs, called ‘Founder’s Edition’, consist of 100 NFTs that come in four different editions: Standard, Hardcore, Cage Match and Death Match. Each Brawler NFT will play a vital role in the forthcoming ‘Blockchain Brawlers’ play-to-earn tournament where they will compete for fame and fortune.

In the first phase, the NFT bridge between WAX and BSC will allow users to access their WAX Cloud Wallet accounts to view NFTs they have on BSC. This NFT bridge allows for the transfer of NFTs from BSC to the WAX blockchain. It also includes Blockchain Brawlers that were purchased on Binance NFT Marketplace. These NFT assets will be added to the WAX blockchain users’ NFT inventories.

In the second phase, this bridge provides access to a larger number of NFTs via both Binance NFT and WAX. The NFT bridge will allow users to trade and buy NFTs on either WAX- or BSC-based NFT markets. This is regardless of the origin chain. The NFT bridge is projected to go live in the second quarter of 2022.

Aside from the Binance NFT auctions there will be additional NFTs of the game that will be auctioned on WAX at a later date.

WAX, the largest gaming blockchain, processes three-quarters all gaming transactions. Binance NFT launched IGO (Initial Game Offer) recently to provide early access to the GameFi universe. Binance NFT launched IGO to help build the future gaming metaverse. It offers the largest GameFi NFT trading marketplace.

Games, additional PFP programs, as well as NFT marketplace compatibility with Binance NFTs and WAX NFTs, are some of the collaborative projects between the companies.

The Worldwide asset eXchange ™, also known as the “King” of NFTs, is the No.1 global blockchain according to Dappradar.com. It’s ranked by transactions and users. WAX’s mission it to make NFTs available to the masses in the most safe, secure, eco-friendly, and user-friendly marketplaces in the world. WAX is the leading entertainment NFT network – in 2018, WAX introduced vIRLs, giving consumer product companies the ability to directly link NFTs to physical consumer products. WAX has facilitated the trade of more than 100 million digital collectables including Major League Baseball (via Topps MLB collectables), Capcom’s “Street Fighter,” and world-renowned entertainers Deadmau5 and Weezer.

Binance NFT is the official NFT marketplace for Binance. It offers an open market to artists, creators and crypto enthusiasts. Binance offers three product lines, Premium Events and Mystery Box. The company is striving to build the first and largest GameFi NFT trading platform for gaming projects via IGO (Initial Game Offering) – featuring core in-game assets from top gaming projects.Binance schedules quarterly BNB burns to permanently reduce the supply of BNB, in turn, increasing its value. The amount of BNB burned is calculated based on Binance’s overall quarterly trading volume. Quarterly coin burns continue until a total of 100,000,000 BNB are destroyed, which represents 50 percent of the total BNB supply.

Binance smart chain is an individual blockchain. However, it is not meant to replace Binance Chain, even though it is newer. Binance Smart Chain was actually created to work alongside the original Binance Chain.

Those seeking additional details may find them on the official WAX Discord, WAX Twitter, and WAX website. Details of the game and NFTs are available at BCbrawlers.com.


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Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or related to the use or reliance of any content, goods, or services in this article.

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Singapore High Court Injunction Blocks Sale or Transfer of BAYC #2162 NFT

The Singapore High Court has granted a court injunction which stops or blocks the sale of a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) that one man claims was wrongfully taken away from him.

NFT Used as Collateral

A Singapore man has won a court injunction that blocks the sale or potential transfer of a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) that he claims to be rightfully his. According to a report, the NFT is currently in the possession of an online lender named Chefpierre.

The man, who has been identified by the Strait Times (ST) as Janesh Rajkumar, is seeking to recover the BAYC 2162 NFT which he pledged as his security for a loan obtained from Chefpierre. Rajkumar claimed the NFT was wrongfully taken from him.

The Bored Ape Yacht Club NFTs are popular with celebrities, some of whom have paid large sums of money to acquire them. The ST report notes Madonna is the latest celebrity to become the owner of a BAYC non-fungible token, after she reportedly paid 180 ETH.

BAYC’s Rare Attributes

Detailing the NFT’s uniqueness, Rajkumar argued the collection is rare even among BAYC NFTs because it has attributes that enable the holder to create another exclusive series. Leveraging the NFT’s rarity and high value, Rajkumar was able to use the BAYC as collateral when borrowing.

In his arguments before the Singapore High Court, Rajkumar insisted his loan agreement with Chiefpierre stipulated he was not relinquishing ownership of the NFT. In the event he failed to pay back on time, Rajkumar would inform the lender who then had to provide a reasonable extension of the repayment period.

The agreement also specified that the lender could not exercise the foreclose option, Rajkumar argued.

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

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Dvision Network Announces New Land Staking Feature to Bolster Virtual Plot Utility

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PRESS RELEASE. The Dvision Network has recently announced the new ‘LAND Staking Feature‘ in their Dvision Metaverse, with the development being finalized to present a new use case to the virtual plot owners. Officially, Dvision LAND NFT users can now stake their plot and receive DVG points or additional NFT items through the new LAND staking program. This is a crucial component of the entire project and its ecosystem as Dvision currently has about 10,000 LAND owners, as a result of 3 finalized rounds of the LAND Sales, eager to deliver fascinating and advanced content to Dvision World.

Important details to note

Dvision Network launched a new NFT staking solution to improve the usability of the digital plots, and the team has hence already completed three successful LAND sales across several platforms. Furthermore, over 10,000 LANDs have been sold through platforms such as Shopify, Binance NFT, OpenSea, and NFTb.

The LAND staking function, in fact, is the first utility to link to virtual plots before the formal launch. The ‘MetaCities’ will use the LANDs to eventually introduce content created by individuals within Dvision Metaverse.

What else is there to know?

The Dvision team created DVG (Dvision Gold) a new rewards program. This is a digital reward currency which is needed to improve PETs and allow consumers to use P2E (Play to Earn) in Dvision World. The staking period can be broken down into three stages: one month, three and six months. Users will get a higher payoff if they stake longer. ‘Random Building Boxes’ will also be distributed beginning with the 90-day staking period. There is no difference in the type of building. However, users will always receive one regardless of whether they open a random box.

It is worth mentioning Dvision Network’s technological advancements in recent times. They have integrated Coinbase Wallet and Bitski with Wallet Connect, Wallet Connect, and Fortmatic which allow their metaverse users to have a simplified and varied access to their virtual world. Dvision Network previously announced that they are going completely on-chain and integrating Filecoin and IPFS data storage solutions to securely store their data.

About Dvision

Dvision Network, a blockchain-enabled NFT network, aims to be the best in business. Dvision utilizes its VR technology to create a cutting-edge metaverse environment that is accessible to all users worldwide. Designers, companies and all users can enjoy a dynamic and rewarding metaverse experience. Visit Dvision’s website, Medium, Telegram and Twitter channels for additional information and frequent updates.


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Aave Launches Social Media Project Lens Protocol With Over 50 Apps Built on Polygon

Aave Launches Social Media Project Lens Protocol With Over 50 Apps Built on Polygon

The blockchain firm Aave has launched the Lens Protocol, a social media project with applications built on the Polygon blockchain. Lens is similar to the social media platform Twitter but Lens profiles are linked to a non-fungible token (NFT) that can be ported into decentralized applications.

Lens Protocol Is Live – Aave Founder Believes People Are ‘Ready for a Better Social Media Experience’

On Wednesday, the blockchain company Aave announced that the Lens Protocol is now live and roughly 50 applications have debuted on the platform. Aave first revealed the Lens Protocol during the first week of February 2022 and the first applications are built on top of the Polygon network.

Stani Kulechov, CEO and founder of Aave Companies said the recent Twitter ordeal with Elon Musk shows that people are looking for something different than the incumbent social media platforms. “The social media experience has remained relatively unchanged for the last decade, and much of that is due to your content being solely owned by a company, which locks your social network within one platform,” Kulechov said in a statement sent to Bitcoin.com News.

The Aave founder added:

But ultimately, as seen from Elon Musk’s bid to purchase Twitter, people are ready for a better experience than what they’re used to. Ownership over not only the content you create online, but also your profile and social network is long overdue, and empowering users is what Lens aims to achieve.

Lens Boasts 50+ Social Applications and Creator Monetization Tools Built on Polygon

The 50 applications built on Lens covers social applications to creator monetization tools, the announcement notes. Lens users that have already minted their NFT profile can access any of the applications such as Peerstream, Lenster, Swapify, Spamdao, and more. “Building a Web3 social media platform on Lens Protocol has opened up a new realm of possibilities for our development team and users,” @yoginth.eth the founder of lenster.xyz remarked during the announcement.

Lens Protocol will provide users with the foundations to leverage full ownership over their “profile, content, and relationships” while plugging into any decentralized application. G.Money, the NFT filmmaker and creator, detailed that lens will empower the platform’s userbase. “An open social graph will allow creators and brands to fully own content distribution and their audiences in a truly multi-platform way. Lens empowers platform choice and opens up wider audiences through direct creator/brand-community relationships,” the NFT filmmaker said.

What do you think about Aave’s Lens Protocol? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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