NFT

Dish’s 5G network in Vegas is now live –

Dish Network made a significant step on its path to becoming the fourth wireless carrier in the country. It should have done this many months ago let’s just say .. As reported by Axios, its 5G network, aka Project Genesis, has finally launched to paying customers in Las Vegas, graduating from the beta program that began late last year. For $30 per month it includes unlimited 5G data, talk, text, and, uh, this: “Additionally, we include a white-glove delivery experience and exclusive access to the Project Genesis app where you can earn rewards.” Rewards including… NFTs.

T-Mobile’s deal with Sprint , Dish Network entitles it to take over as fourth carrier. The FCC has given Dish Network the task of building its 5G network with O-RAN technology. This is an open-source technology that relies more on off-the-shelf components than on proprietary ones. Samsung is in the mix, too, supplying software and radios.

It’s not surprising that this network uses some unusual terms. You can’t bring your device to the network right now. You’ll need a Project Genesis-issued… wait for it… Motorola Edge Plus (2022). This is the only supported phone. It’s delivered by a Project Genesis ambassador, who appears to be a man in a van with Project Genesis branding.

Customers can access support through a Project Genesis app, which doubles as a gamified way to help fine tune the network. Participation will earn you points and potentially NFTs. Seriously, there’s a whole section in the terms and conditions page about an “Engagement App” that offers “exclusive offers and loyalty rewards” including the non-fungible tokens — and while a customer support representative tells us those might only be for beta testers, a Project Genesis FAQ suggests that treating the network like a game is part of the appeal:

The more points you earn, the more you get – from rewards like exclusive NFTs to special gear and more.

“Project Genesis makes no representations or warranties as to quality, merchantability or value of such NFTs,” the company writes. This is just for you.

Also, a lengthy bit of that terms and conditions page indicates that 911 dispatchers may not be able to see your phone number or location, and you can’t hold Dish Network responsible for anything bad that happens to you as a result. You can see that they mean business.

YOU ACKNOWLEDGE AND AGREE THAT ANY INJURY ARISING OUT OF MISROUTED 911 CALLS, REGARDLESS OF WHETHER OR NOT THE CALL WAS ROUTED BY A PUBLIC SAFETY ANSWERING POINT OR AN OFFICIAL EMERGENCY OPERATOR, IS NOT THE FAULT NOR LIABILITY OF PROJECT GENESIS AND YOU HOLD PROJECT GENESIS HARMLESS FROM ANY DAMAGES OR LIABILITIES.

The company’s documentation is also chock full of trademarks to help you understand how innovative Dish thinks its network will be. We can also see in the US Patent and Trademark Office that Dish has applied to:

Smart 5G

Smart 5G Network

Smart 5G Wireless Network

Smart Wireless Network

The American Smart Network

The First American Smart Network

America’s First Smart Network

Dish is hurtling toward an FCC deadline to cover 20 percent of the population with its service by June, and to that end, has released a list of over 100 cities that it plans to expand to next. If your area is on the list, you can sign up to potentially become a beta tester before the service goes public. You never know what? Perhaps you will have more options than the Edge Plus by then.

NFT

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.

Image Credits: Shutterstock, Pixabay, Wiki Commons, mundissima

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NFT

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

press release

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.

This is a press release. This is a press release. Readers are responsible for their own research before making any decisions about the promoted company, or any of its affiliates. Bitcoin.com does not assume any responsibility for any loss or damage caused or alleged by the use or reliance of any content, goods, or services mentioned in this press release.

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NFT

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.

Tags in this story

50 applications, Aave, Aave Companies, Aave’s Lens Protocol, content, Decentralized Social Media, G.Money, Lens, Lens Protocol, nft, NFT profile, open social graph, Polygon Network, profile, relationships, Social Media, social media competitors, Social Media Experience, Stani Kulechov

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.