Words to wake up your senses

Apple’s unveiling of Vision Pro, its first dedicated AR/VR headset, marks a turning point for the extended reality industry. As leaders in building VR, AR and blockchain-based experiences, we see enormous potential in leveraging Vision Pro to break through the next digital frontiers in Web3 and beyond. By expanding Sensorium’s current accessibility points from app stores and portable devices to the Vision Pro, we expect a massive leap forward in how our community will be able to engage and explore our XR environments. Vision Pro’s advanced chip and technological capabilities enable sophisticated spatial computing, opening new creative possibilities for us. In particular, we are looking to integrate immersive entertainment, Web3 digital assets and NFT avatars as part of a Vision Pro custom-designed native visionOS application to be launched early next year. Our expertise developing applications within the Apple ecosystem - built using the Unity platform - will be optimized to take full advantage of Vision Pro’s features.

Today we’re excited to announce a significant milestone in our project with the unveiling of Sensorium Arc — an upcoming decentralized platform entirely dedicated to hosting both company-owned and third-party Web3 products and assets. SENSO DAPP and UNDER will be the first two Sensorium products to be released under this new Web3 umbrella, which will provide added functionalities and monetization opportunities to the Sensorium Galaxy metaverse. In line with the payments system already in place across the Sensorium ecosystem, Sensorium Arc will be powered by SENSO - our native currency. Significantly, this move allows us to unlock new tokenomics opportunities for SENSO and add enhanced use cases to Sensorium’s future NFT assets, including avatars and land parcels, and participation in loyalty initiatives. SENSO holders stand to enjoy extended benefits and we’ll be unveiling SENSO’s updated tokenomics very soon. “We believe that the next 12 to 18 months will be an incredible window of opportunity in shaping the evolution of Web3 and we fully intend to support that growth. As a leading Web3 developer, Sensorium is in a unique position to become a gateway for new users, developers and enthusiasts to interact with this new space”, explains Alex Firsov, Sensorium’s Chief Web3 Officer. Apart from helping create a new utility for SENSO, Sensorium Arc is aimed at giving Web3 developers an opportunity to launch and test their assets in a ready-made environment that can rapidly source users to their experiences. Lastly, we believe that the move will help support the overall functioning of Sensorium’s ecosystem, foster our community and encourage the integration of Web3 technology across the different corners of the tech industry. “Sensorium hopes to be a positive contribution to the rising Web3 industry and we believe that Sensorium Arc can pave the way for a more decentralized and equitable digital future. As leaders in the Web3 space, we're excited to be at the forefront of this transformation,” adds Alex Firsov.

Sensorium, a leading Web3 metaverse development company, announced today that Jay Hao, former CEO of one of the world's largest cryptocurrency exchanges OKX, has joined the company's expert advisory board. Jay Hao joins a select group of leaders responsible for providing strategic consulting to Sensorium on matters of importance and will support the management in achieving Sensorium's Web3 strategy. Other renowned experts on the advisory board include Yann Pissenem, CEO and founder of The Night League; Danny Gomez, Global Brand Director of Palladium Group IBIZA; Dr. Christian von Reventlow, former Director of Innovation at Deutsche Telekom Group; and Brett Yormark, CEO of Roc Nation Unified. On joining Sensorium's expert advisory board, Jay Hao commented, "I am thrilled to be part of Sensorium's unique journey in creating decentralized, world-class services. Sensorium's vision aligns perfectly with my belief in blockchain technology and its potential to revolutionize brand-customer interactions. Sensorium has done outstanding work in identifying new solutions for creating XR content, and I am confident that with the right crypto structure, we can achieve a new level of growth." Jay Hao brings extensive experience in blockchain to Sensorium's expert advisory board, given his most recent position as CEO of OKX, the world's second-largest cryptocurrency exchange. Under his leadership, OKX became a major player in the market. Hao's contribution helped the exchange diversify its services, add dozens of new features for users, and optimize the ecosystem to ensure a higher level of customer satisfaction. Hao also introduced innovative blockchain-based products, including the OKX Network (OKX Chain), which surpassed the 100 million wallet milestone. Alexander Firsov, Sensorium's Director of Web3, commented on the event, "We are honored to have Jay Hao join the Sensorium team of consultants. His valuable knowledge and unique skills in the blockchain industry, coupled with his proven experience in executive roles, will be invaluable to the company as we continue to develop our Web3 strategy and expand our presence in the global market."

Sensorians unite - the Grand Meme Battle is back! We’re launching a new Meme Battle: Summer season 2023 to give our incredible community of Sensorians an opportunity to show their creativity and make some laugh around. Let’s have fun and win some SENSO! ## Timeline - Selection Round: August 2 - 10 (Until 16:00 UTC) - Voting for 10 finalists: August 10 - 15 (Until 16:00 UTC) - Voting for 3 top leaders: August 15 - 17 (Until 16:00 UTC) - Winner announcement: August 17 ## Judging During the selection round, the 10 best memes will be handpicked by our team in a closed vote. Next up, a public poll will be held in our English Telegram chat, where our community of Sensorians will have the chance to choose the best meme out of the 10 finalists. Then there comes the time for the final vote for the winner from the 3 leaders' board. ## Entry requirements - Fill in this Google form. - Retweet the pinned post from SENSO’s Twitter account. - A meme picture must be posted to the English Telegram chat with the hashtag #SENSO_Memebattle4. - Only one meme can be submitted per account. (Do not submit memes which participated in the previous Meme Battle Seasons. Images must be new.) - English only. We want everyone to be able to understand the memes so that we can all enjoy them the same way. - The image and text must be easy to understand. PNG and JPEG formats are accepted. (No GIF) - Pro tip: To better your odds, it’s worth making sure your memes are directly related to the Sensorium VR worlds’ lore, our AI avatars, NFT collection drop, our incredible AI DJs or SENSO token. ## No-nos - Plagiarism: submitting the same meme more than once. - Submitting more than one meme per participant. - Cheating and contributing to a fake vote volume in the open poll. - Offensive or obscene content, religious themes, nudity, etc. ## Total prize pool: 4600 SENSO - 1st place: 1,500 SENSO - 2d place: 1000 SENSO - 3d place: 700 SENSO - Remaining 7 finalists: 200 SENSO Looking forward to seeing all the brilliant memes from our community of Sensorians. Good luck!

We’re proud to announce that Sensorium has successfully completed the first mint stage of our first-ever NFT Drop, with the official launch of the SENSO Dapp Avatar collection. As part of the drop, which took place between July 20-22, we made available 1000 exclusive AI-driven avatars that were free to mint for whitelisted SENSO holders. The event was warmly welcomed by our community: over 1000 users were whitelisted, more than 6000 wallets were connected, and some 700 SENSO Dapp NFT avatars were sold, while qualified users minted 300 tokens for free. The SENSO DAPP avatars have been long in the making and are designed with utility and functionality in mind as our NFTs can be used to play SENSO DAPP card games or as a unique skin in the Sensorium Galaxy VR metaverse. As next-generation tokens, however, we expect to widen their capabilities in the near future. The collection’s second drop is scheduled for September and we will be releasing more details shortly. But one thing is for sure and that is that our community members and NFT holders can expect to enjoy a wide range of perks, including exclusive discounts for future events, membership initiatives and access to holders-only VR spaces.

Ready to get your first Sensorium avatar. Excited? You should be. No matter how much of an NFT veteran you are, it’s always good to have a fresh guide at hand and avoid pressing the wrong buttons. In this quick guide, we’ve summarized the 5 steps you should follow to get hold of a brand new SENSO DAPP avatar. Have a look. ## Step 1: Sync Your Metamask Wallet

If you’ve been paying attention to the cryptocurrency world, you may have heard about airdrops. Airdrops are becoming increasingly popular and are an important tool for crypto projects to grow their token value. But what exactly is an airdrop and how do they work? For a crypto investor, the aim of the game is always to earn a handsome return on their investments. With the crypto market being as volatile as it is, this can either happen in the blink of an eye or become a very slow process. Enter crypto airdrops, a way for investors to earn free crypto and improve their returns. With new airdrops cropping up almost daily, it is increasingly important to understand the inner workings of a crypto airdrop and to learn how to spot a scam so you can get the most out of every airdrop you participate in. ## What are crypto airdrops used for? A crypto airdrop is a marketing strategy where a blockchain project or company distributes free tokens or coins to the community. Crypto airdrops are primarily used as a way to grow a project's community and create awareness, but they can also be used to reward existing holders of a particular cryptocurrency. For example, some projects will airdrop tokens to holders of another token as a way to incentivize them to use and hold the new token. ## How do crypto airdrops work? Crypto airdrops are usually held to promote a new cryptocurrency, but they can also be used to distribute tokens that are already listed on an exchange. For example, Ethereum’s native token, Ether (ETH), was distributed through an airdrop in 2014. To be eligible for an airdrop, you will generally need to hold some of the currency of the blockchain that is hosting the airdrop. For example, if Stellar (XLM) is hosting an airdrop, you will need to have XLM in your wallet to be eligible. However, there are some crypto airdrops that don’t require you to hold any currency. These are called “blind drops” and anyone with a compatible crypto wallet can participate. Once you’re eligible for cryptocurrency airdrops, the airdrop tokens or coins will be sent directly to your crypto wallet. You will then be able to sell or trade them on exchanges. When crypto projects decide to do an NFT airdrop, they will generate a list of NFTs that they want to distribute. This can be done by minting new NFTs or by selecting existing ones from a pre-existing pool. Once the list of NFTs is generated, the project will then distribute these NFTs to the addresses of participating crypto wallets. The distribution can be done randomly to a crypto wallet or based on some other criteria. ## Types of crypto airdrops There are different types of crypto airdrops that crypto projects might utilize, each of which has its own unique features. Crypto projects often use airdrops to market themselves and grow as a project. The motive of a crypto project determines the type of airdrop used. Projects might want more brand awareness, to attract new users or find ways to reward early adopters. ### Classic airdrop A classic crypto airdrop, also called a standard airdrop, is when a blockchain platform, such as Ethereum or Tron, distributes free tokens to its users. This type of airdrop is usually offered by startups that want to promote their projects and increase awareness about their brand. The standard airdrop is a popular crypto airdrop because it is easy for users to participate and earn crypto for free. The recipients of the tokens are usually chosen randomly from the list of eligible users. To qualify for a classic crypto airdrop, you must typically have a wallet address on the relevant blockchain platform or create an account. For example, in 2016, Stellar did an airdrop of 3 billion XLM (Stellar’s native cryptocurrency) to users with an authenticated Keybase account, guaranteeing monthly deposits of XLM into account holder wallets for nothing! ### Bounty airdrop Bounty airdrops are generally associated with having to complete some kind of task. The tasks can vary from simple surveys, referrals, social media interaction, content creation and more. In exchange for completing the task, users are rewarded with tokens or coins from the blockchain project in question. Bounty airdrops are essentially a reward system used to promote a new blockchain project or business. It is an effective way to spread the word about a new venture and stimulate interest in its products and services. A bounty airdrop is also a great way to generate hype around the project which can attract more investors and drive up the price of its associated tokens. A recent example of an airdrop where the crypto project required action in exchange for free tokens as the reward is the Chains Airdrop. Users had to join the Telegram group and create a Chains account as well as follow, like and retweet a pinned Tweet in order to receive the free tokens. ### Holder airdrop A holder airdrop is a type of cryptocurrency airdrop where holders of certain cryptocurrencies are rewarded with additional tokens. The airdrop may be done by the project or network itself, or it may be done by a third-party service. Holder airdrops are usually conducted in order to increase the token's usage and liquidity, as well as to reward loyal investors. ### Exclusive airdrop Finally, an exclusive airdrop refers to a crypto airdrop that is only given to selected members of the community. This type of airdrop is usually reserved for VIP members who have made significant contributions to the project, such as developers, influencers and early adopters. ## Are crypto airdrops safe? Crypto airdrops are safe if you take the necessary precautions. When you receive an airdrop, you are not giving away any personal information or money. However, you should never sign up for an airdrop with an exchange that you do not trust. There have been cases of scams where people have pretended to be giving away free crypto when they are actually trying to steal your personal information. So, make sure that you only sign up for airdrops from exchanges that you trust. Also, be sure to read all of the terms and conditions before signing up for an airdrop. Below are some of the most common crypto airdrop scams: - Phishing scams – Scammers try to get your personal information by pretending to be an official airdrop website and getting you to click a link or hand over personal information like your email address, phone number etc. - Referral Risks - Some airdrops require you to refer friends or family in order to get the crypto. Be wary of any airdrop that requires you to share your account details with someone else in order to be eligible for the airdrop. - Pump and dump schemes – Be aware of any projects that are hyping up their tokens to drive up their value and then dumping them after the airdrop. - Private Key Theft - Beware of any airdrops that require you to provide your private key. If a project does ask for your private key, make sure that it is a trusted source. - Dusting attack - Scammers may send you a very small amount of cryptos, known as 'dust', to your wallet. They do this in an attempt to get you to reveal your private key. Be aware of any transactions that are for a very small amount of crypto and never share your private key. ## How to stay safe when joining a crypto airdrop When joining a crypto airdrop, there are a few safety measures you can take to protect yourself and your investment. First, make sure you only sign up for airdrops from reputable sources. There are many airdrop scams out there, so it's important to do your research and only sign up for airdrops from a crypto project that you trust. Second, be sure to read all of the fine print before signing up for an airdrop. Some airdrops may require you to provide personal information or install software on your computer, which could be harmful. So, it's crucial that you understand what you're agreeing to before moving forward. Finally, remember that not all airdrops will be successful. Some may never launch, while others may not be worth your time or effort. So, don't put all of your eggs in one basket and diversify your portfolio by signing up for several different crypto airdrops. By taking these precautions, you'll increase your chances of higher returns and protect yourself from potential airdrop scams. ## Where to find crypto airdrops Now that we have hopefully answered your question of "what is a crypto airdrop?" and you understand how crypto airdrops work, you're probably wondering where to find one. To find out about upcoming airdrops, you can follow relevant crypto communities and watch out for announcements. - Social Media: Social Media is one of the most common ways crypto projects share announcements about airdrops. Airdrops are usually announced on cryptocurrency forums, such as Bitcoin Talk, or on social media platforms, such as Twitter, Facebook and Reddit. - Reddit: Reddit has several subreddit forums where crypto airdrops are announced and discussed. The most well-known is r/CryptoAirdrop. - Telegram: There are many Telegram groups you can join to get announcements hot off the press. Telegram is a popular medium because it is considered more decentralized and secure than similar platforms. - Airdrops.io: Airdrops.io is a user-friendly website you can use to receive alerts and search for new airdrops. You can filter by latest, hot, potential airdrops and holder airdrops with further filtering by social platform or token. - AirdropAlert: It's important to act fast in the airdrop game because airdrops can run out quickly. Airdrop Alert lets you get push notifications so you don't miss out. There are many types of airdrops on the site, including DeFi, NFTs, and featured airdrops. Click through to the detailed page to find out how to claim your tokens. You can see the latest airdrops using the pulldown menu at the top. - AirdropKing: The newest airdrops are right on AirdropKing's home page. You can sort by Best-Rated or High-Value airdrops, as well as those that are coming up soon, with an easy-to-navigate tab system. AirdropKing displays fewer airdrops than similar alert sites, but it clears out expired drops so you can focus on the actionable ones. Some well-known crypto airdrops in the past have been from projects like Ethereum, NEO, Stellar Lumens and Tron. To make sure you don’t miss out on any crypto airdrops, you should register to receive notifications from the above websites or use the AirdropAlert bot on Telegram. ## Closing Thoughts Crypto airdrops are an innovative way to distribute tokens and coins to the public. By leveraging smart contracts and decentralized networks, these airdrops can be sent out to many users quickly and securely. A crypto airdrop is also beneficial for the crypto project as it allows them to raise awareness of their project while growing their community with new users who may start using their token or coin. Whether you want to learn more about cryptocurrencies or gain access to free tokens and coins, then participating in cryptocurrency airdrops is definitely worth considering.

In recent years, the idea of a Central Bank Digital Currency (CBDC) has gained increasing attention from economists, financial regulators, and policymakers around the world. In 2020, only 35 countries were considering the idea of CBDC. However, at the dawn of 2023, that number had skyrocketed to 114 making about 95% of the global GDP. Apparently, the emergence of cryptocurrencies and blockchain technology has sparked interest in the potential benefits of a digital currency issued by a central bank. And governments are keen to not be left behind in the development of digital currencies. But what exactly is a CBDC, and why is it important? In this article, we will explore the concept of central bank digital currencies, how it differs from traditional currencies, and the potential benefits and risks associated with its implementation. ## What is a CBDC Currency? (Central Bank Digital Currency) A Central Bank Digital Currency is a digital form of currency or digital money issued by a central bank, which is a government institution responsible for managing a country's monetary policy. It is a digital representation of a country's fiat currency that can be used as a medium of exchange, a store of value, and a unit of account. Unlike traditional fiat currencies, which is physical money, a CBDC is a digital asset that can be transferred through electronic means, such as smartphones, computers, or other digital devices. It is designed to be a secure and efficient form of payment that can be used by anyone, anywhere, at any time. ## Types of Central Bank Digital Currencies Central bank digital currencies can be classified into two types, namely retail CBDC and wholesale CBDC. A retail CBDC is a digital currency that can be used by individuals and businesses to make payments and transactions, just like traditional money. They are intended to be used as a form of electronic payment for retail transactions, just like physical cash or digital payment methods such as credit cards or mobile payments. The exact features of retail CBDCs may vary depending on the specific design and implementation chosen by each central bank. Some possible features may include instant settlement, increased transaction privacy, and reduced costs compared to traditional payment methods. However, there are also potential risks and challenges associated with the development and adoption of retail CBDCs, such as the need to ensure security and prevent fraud, as well as potential impacts on monetary policy and financial stability. A wholesale central bank digital currency, on the other hand, is used for interbank transactions and settlement between financial institutions. Like the Project Icebreaker which is being built for testing interlinking and interoperability between several retail CBDCs. It was launched by the Bank of Israel, Central Bank of Norway, Sveriges Riksbank, and BIS Innovation Hub Nordic Centre in September 2022. The study, which was supposed to last until the end of 2022, examines a framework for allowing cross-border retail CBDC payments. A report is anticipated in 2023. ## Countries Currently Exploring Central Bank Digital Currencies? Several countries are currently exploring the concept of CBDC, including: - China: China has been at the forefront of CBDC development, with the launch of its digital yuan by its central bank in 2020. The digital yuan currently has a reach of 260 million and is expected to be rolled out more widely in 2023. - Sweden: Sweden is also in process of developing a CBDC, with the launch of its e-krona project. The project is currently in its testing phase, and the country's central bank is expected to make a decision on its implementation in the coming years. - The United States: The United States Federal Reserve launched its research and experimentation initiative in 2020. It started a project called Project Cedar shifting the country from research phase into development although it is unclear when a CBDC might be launched in the US. - The European Union: The European Central Bank is also exploring the concept of a CBDC, with the launch of its digital euro project. The project is currently in its exploratory phase, and a decision on its implementation is expected in the coming years. It is also worthy of note that by December 2022 all G7 countries had moved into the development phase of a CBDC while 18 of G20 countries are in an advanced stage of their development of their CBDC according to an Atlantic Council publication. ## How Does a Central Bank Digital Currency Work? The underlying technology behind a CBDC is a distributed ledger, which is a digital database that records all transactions in a secure and transparent manner. This technology is also used in cryptocurrencies such as Bitcoin and Ethereum. A CBDC is issued by a central bank and is backed by the full faith and credit of the government. It can be converted into fiat currency at a one-to-one ratio, which means that one unit of the CBDC is equal to one unit of the fiat currency. The central bank will be responsible for the issuance, management, and regulation of the CBDC. Furthermore, users will be required to create a digital wallet to store and use the CBDC, and transactions will be recorded on the distributed ledger. ## What are the Potential Benefits of a Central Bank Digital Currency? There are several potential benefits of a CBDC, including: ### Efficiency Traditional payment methods including cash, cheques, and bank transfers can be made faster and less expensively by using a CBDC. Also, it can increase transaction and settlement speed, which will make it easier for customers and clients to transact and make payments. ### Financial Inclusion In every country, there are people who don't have access to financial services because of low or no education or even distance. A CBDC can provide access to financial services to this set of people who are currently unbanked or underbanked. It can also help to reduce the cost and barriers to entry for financial services, making them more accessible to people with limited access to traditional banking services. ### Monetary Policy CBDCs can give central banks more effective tools to implement monetary policy. It will enable central banks to monitor and control the money supply, as well as track the velocity of money, which can help to stabilize the economy and prevent inflation. ### Security Another potential benefit of a CBDC is that it can provide a more secure form of payment compared to traditional payment methods. With CBDCs banks can reduce the risk of fraud, counterfeiting, and theft, making it a more reliable and secure form of payment. ### Financial Stability CBDCs can also help to increase financial stability by reducing the risk of bank runs and the reliance on commercial banks for liquidity. It can also improve the resilience of the financial system by providing a safer and more stable form of money. ## What are the potential risks of a Central Bank Digital Currency? There are also several potential risks associated with the implementation of a CBDC, including: 1. Privacy: A major risk would be that CBDCs would raise concerns around privacy and surveillance. Because all transactions would be recorded on a distributed ledger, there could be concerns around the tracking and monitoring of individuals' financial activities. While this may be a good deal for some people, the majority might not be too happy about their neighbors potentially finding out how they spend their money. 2. Cybersecurity: A CBDC would rely heavily on digital technology, which could be vulnerable to cyberattacks and hacking. If it were to be compromised, that could have significant implications for the financial system and the economy of the affected country. 3. Financial Disruption: The implementation of a CBDC could potentially disrupt the existing financial system, particularly if it results in a significant shift away from traditional payment methods. This could have significant implications for financial institutions and the wider economy. 4. Adoption: To be effective, a CBDC would require widespread adoption, which could be challenging in some countries. It may take time for individuals and businesses to become comfortable with using a digital currency, particularly if it is a new concept or if they have concerns around its security or privacy. 5. Centralization: A CBDC could potentially increase the centralization of the financial system, particularly if it is used to replace traditional payment methods. This could adversely impact competition and innovation within the financial sector. ## Difference Between CBDCs and Cryptocurrency CBDCs (Central Bank Digital Currencies) and cryptocurrencies are both digital currencies, but they differ in several ways. In the end, people's choice of which digital currency to use would depend on what they are trying to achieve. If they prize security, privacy or decentralization more, that would determine whether they favor cryptocurrency or CBDCs. Below are some differences between the two types of digital currencies: - Issuer: The main difference between CBDCs and cryptocurrencies is the issuer. CBDCs are issued and backed by central banks, whereas cryptocurrencies are not issued by any central authorities, financial institutions or governments. - Legal tender: CBDCs are likely to be legal tender, which means that they will be accepted as a means of payment and settlement of debts. Cryptocurrencies are not generally accepted as legal tender and their use as a means of payment is not yet widespread. - Control: Central banks have greater control over CBDCs, including the ability to monitor transactions, track the flow of money, and set monetary policy. Cryptocurrencies, on the other hand, are mostly decentralized and cannot be controlled by any single entity. - Privacy: CBDCs may be designed to provide greater privacy and anonymity for users, but central banks may also have the ability to monitor transactions and gather data about users. Cryptocurrencies generally provide greater privacy and anonymity, but they can also be used for illegal activities such as money laundering or financing terrorism. - Volatility: Cryptocurrencies are known for their volatility, with their value fluctuating wildly in a short period of time. CBDCs, on the other hand, are likely to be more stable, as they are backed by the central bank. ## Conclusion Although the creation of Central Bank Digital Currencies is still a vastly untested terrain, it is obvious that it is not going away soon. As long as cryptocurrency and other digital advancements continue to take center stage in the global economy, central bodies cannot afford to ignore this aspect of financial innovation. Besides, its numerous use cases and potential benefits cannot be ignored by truly astute entities. Hence it only stands to reason that each country would do its best to explore this technology and its benefits while working out ways to mitigate potential risks.

Mintable and mineable tokens are two types of digital assets that are used in the world of cryptocurrency. The major difference between both types of tokens is that producing minable tokens requires more time, effort, and resources compared to minted tokens. ## Difference Between Mintable Tokens and Minable Tokens
### Mintable Tokens Mintable tokens are digital assets that can be created on a smart contract platform, such as Ethereum, without the need for any consensus-related activities. These tokens are created through the use of a minting function within the smart contract, which generates a new supply of tokens. Mintable tokens can then be distributed and traded in the market. Token minting is the process of creating new tokens on a smart contract platform, such as Ethereum. These tokens, like ERC-20 and ERC-721, do not require the same resources or validation process as traditional mineable tokens like Bitcoin and Ethereum. Mintable tokens can have caps on their total supply, and the supply can be adjusted through the minting or burning of new tokens. It is a technique that is often used with algorithmic and crypto-backed stablecoins to manage their supply and value. ### Mineable tokens Mineable tokens are digital assets that are generated through the mining process on a proof-of-work or proof-of-stake blockchain. On proof -of work-models, Miners have to solve challenging equations while Validators verify the validity of blocks by staking their own tokens. Miners or validators play a crucial role in securing the network and producing blocks, and as a reward for their efforts, they are issued new tokens that have been minted by the protocol. The issuance of mineable tokens follows certain consensus rules, and the supply of these tokens can be capped (hard cap or soft cap) or subject to a decrease over time through processes like halving. For instance, the Bitcoin network has a fixed supply of tokens and a block reward of 6.25 BTC per block, while the Litecoin has a block reward of roughly 12.5 LTC per block. ## What is a Minting Function A minting function is a feature in some cryptocurrencies that allows users to create new tokens and add them to the blockchain. The process of creating new tokens is often referred to as "minting." ### Continuous Token Supply In most cases, minting requires the user to have a certain amount of tokens already in their possession, as well as meet certain other conditions specified in smart contracts. For example, they may need to prove that they have completed a specific task or contributed to the network in some way. The minting function is typically implemented as a smart contract, which is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The smart contract can automatically enforce the conditions of the minting process, ensuring that new tokens are only created in accordance with the specified rules. Some examples of cryptocurrencies that have a minting function include Ethereum and Binance Coin. Minting can be used for a variety of purposes, such as incentivizing users to contribute to the network, or as a way to fund the development of a project. ## Mintable Tokens Supply Types:
### Fixed Token Supply A mintable token with a fixed supply is one in which the total number of tokens that will ever be produced is set and cannot be increased. This means that once all the tokens have been mined or created, no more will be added to the supply. This type of token is often used as a way to increase the value of the tokens over time, as the fixed supply model can lead to demand exceeding the limited supply available. The fixed supply model can also be seen as a way to combat inflation, as there is no possibility of new tokens being created and diluting the value of existing ones. Examples of cryptocurrencies with a fixed supply include Bitcoin and Litecoin. In the case of Bitcoin, the total supply is capped at 21 million proof of work tokens, while Litecoin has a maximum supply of 84 million tokens. ### Continuous Token Supply This is a type of mintable token where new tokens can be created and added to the supply on an ongoing basis. This means the total number of tokens in circulation is not fixed and has a continuous supply. A Continuous supply model is often used to fund project development or incentivize network contribution. However, they can also be prone to inflation, as the creation of new tokens can dilute the value of existing ones. Examples of cryptocurrencies with a continuous supply model include Ethereum and Binance Coin. In the case of Ethereum, new tokens are created through the minting function, which is implemented as a smart contract. In the case of Binance Coin, new tokens are created through a process called "coin burning," in which a portion of the supply is permanently removed from circulation. ## Examples of Mintable Tokens
### Stablecoins Stablecoins are a type of mintable token that is designed to maintain a stable value relative to a specific asset or currency. They are often pegged to the value of a stable asset, such as the US dollar, and are designed to maintain a 1:1 value ratio with the underlying asset. Stablecoins are often used as a way to provide a stable store of value within the volatile cryptocurrency market. They can also be used for cross-border payments, as they allow users to transfer value without being subject to the fluctuations of traditional cryptocurrencies. Examples of stablecoins include Tether, USDC, and Paxos Standard. These stablecoins are backed by real-world assets, such as cash like the US dollar, or gold, and are intended to provide a more stable alternative to traditional cryptocurrencies. ### NFTs NFTs (Non-Fungible Tokens) are a type of mintable token that represents a unique digital asset. They are often used to represent things like art, music, videos, or other types of media. NFTs are stored on a blockchain and are unique because they cannot be replaced or exchanged for another asset of equal value. One of the key features of NFTs is that they can be bought, sold, and traded just like any other asset. They have gained popularity in recent years as a way for artists and creators to monetize their digital content and for collectors to own and trade unique digital assets. NFTs are minted using smart contracts, which define the terms and conditions of the asset and ensure that it is properly registered and tracked on the blockchain. Some popular examples of NFTs include Cryptokitties and BAYCs. ## The Bottom Line In summary, minable tokens are those that are generated through a process called "mining," which involves using computer power to solve complex mathematical problems and add transactions to a blockchain's public ledger. On the other hand, mintable tokens are created and issued by a central authority through smart contracts, such as a company or organization, and do not require mining to enter circulation. There lies the difference between mintable and mineable tokens. Both minable and mintable tokens have their own unique characteristics and uses, and the decision to use one over the other will depend on the underlying business model, specific needs and goals of a project.

Moss Book 2 is as pure a sequel as you can expect, taking inspiration from the critically acclaimed first game, Moss. Developed by Polyarc Games, the sequel picks up right from where the previous game ends. The second iteration stays true to the first game, going for a more evolutionary approach as compared to other sequels that try and reinvent the wheel, an aspect we appreciated throughout our playthrough. You play as Quill, a cute mouse that you help navigate through intricately detailed worlds, trying your best to defeat minions with the three new weapons available in Quill's arsenal. You still also interact in the game as the Reader, providing you with an isometric point of view just like the original Moss. However, you now do a lot more compared to the first game.

Virtual reality is making its way into almost every industry. From medicine to education to gaming and fashion. Movie studios are also increasingly experimenting with this unique technology to enhance the experience of users within digital environments.

Real estate is expensive. That’s a tough reality of life that many of us have come to face. But no, we’re not talking about London, New York or Paris. Turns out that some of the world’s most valuable land isn’t even on earth - and on top of that, it isn’t even real at all. Enter the metaverse. That’s right - investors are now paying millions of dollars in return for land that exists only in 3D virtual worlds. With the race heating up, crypto enthusiasts, tech followers and prospective metaverse users are being drawn in to snap up a piece of digital properties. But what’s the buzz all about, really? Today, we are taking a look at what’s behind the metaverse land rush and how you can join in.

For the last few years, three words have dominated the crypto scene: non-fungible tokens. In fact, they’ve become so popular that Collins Dictionary’s even made it word of the year in 2021. And while they've been traditionally associated with digital artworks and artists such as Beeple, the unique technology behind NFTs is allowing it to become a great opportunity well beyond this art industry alone. As they’ve become increasingly popular, many musicians, creators and celebrities have turned to NFTs to monetize their work. But even if you don’t have a particular skill or talent, there’s you can still use these tokens for your advantage. Today, we are exploring the top five best ways of earning income with NFTs and the best strategies you can start following today. ## What Is An NFT? Non-Fungible Tokens (NFTs) have emerged from the world of cryptocurrency and blockchain technology. But what is an NFT, really? Simply put, non-fungible tokens are unique digital assets that represent ownership of a specific piece of content or media, such as artwork, music, or video. As these tokens are stored on a blockchain, this makes them immutable and verifiable. While some may see NFTs as just another digital fad, they have become a serious advancement as they offer a number of advantages over traditional physical and virtual assets, including: - Unique Ownership: As mentioned, NFTs are unique and can be verified on the blockchain, making it easy to prove ownership. This eliminates the possibility of duplicates or fraud. A number of industries have taken advantage of NFTs for this reason, including major luxury fashion houses, in a bid to address rampant counterfeiting. - Scarcity: NFTs are scarce, meaning that there is a limited supply of them. This makes them more valuable and desirable to collectors. - Transparency: The blockchain provides a transparent and public ledger of all NFT transactions. As such, all transactions are secure and traceable. - Potential for Value Appreciation: NFTs have the potential to appreciate in value over time, especially if they are created by well-known artists or are part of a limited series. - Access to a Global Market: NFTs can be sold and bought on NFT marketplaces from anywhere in the world, providing access to a global market for creators and collectors. - Programmability: NFTs can be programmed to have specific functionalities, such as unlocking content or granting access to exclusive events or experiences. - Royalties: NFTs can also be programmed, through smart contracts, to automatically pay the original creator a royalty fee every time they are traded, providing a recurring income stream for creators. - Versatility: NFTs can represent a wide range of digital and physical assets, including art, music, videos, virtual real estate, and more. Now that you know just how advantageous these tokens can be, let’s dive into the best strategies to consider when it comes to earning passive income with NFTs.

Buying fan tokens is one of the most exciting ways for investors to support their favorite sports teams. It allows them to access exclusive facilities, services, and rewards provided by sports organizations. Fan tokens have many of the typical characteristics of cryptocurrencies. And as with cryptocurrencies, they can be bought, sold, and traded. Fan tokens have no fixed value, i.e., their weight is derived from the value of fan participation and engagement. Fan tokens have an initial sale price on the market, which changes over time based on the number of fans and holders who decide to hold or sell the token. Fan Tokens are digital assets that unlock exclusive benefits for their owners while giving them new ways to interact with their favorite teams. Most of these digital assets have been built on the Chiliz blockchain, a sports and entertainment blockchain. To support direct engagement between fans and their teams, Chiliz (CHZ) optimizes the power of blockchain technology. CHZ can be purchased on Socios, which acts as a crowd-management platform for Chiliz. ## What Are Fan Tokens? Fan tokens are digital assets in blockchain through which teams offer their fans unique and exclusive benefits and prizes. The sale of fan tokens takes place within dedicated environments of the host platforms. To buy the tokens, it is, therefore, necessary to register on the platform and convert the currency used for the purchase, the euro, for example, into the cryptocurrency of the host platform. Through the latter, it is possible to purchase fan tokens. The weightage of fan token value comes from fan participation and involvement. While it is initially sold at a fixed price, its value keeps fluctuating over time. Fan tokens are similar to DAO governance token since it allows the token holder to have a say in tech issues. You can see the value of a fan token by knowing its market capitalization. ## Why Are Fan Tokens So Popular? As opposed to traditional fan club memberships that require ongoing fees, fan tokens require only one-time payment. Fan tokens may also provide governance benefits to the fans. For example, it may allow the fans holding the tokens to vote on a new logo for the team. Apart from that, many clubs provide access to raffles, drawings, and dedicated fan events. Some football fan tokens give the holders access to meet-and-greet events with coaches and players, team-specific NFTs, and special player-interactive events. Fan tokens gained popularity after prominent sports clubs like AC Milan, Inter Milan, Santos FC, and FC Porto started offering them for revenue generation. After their success with football clubs, sporting associations like NFL, NBA, and NHL also joined in the hype after reaching agreements with Socios. Fan tokens are mainly part of the excitement and hype around large sporting events like the World Cup and the International Dota 2 Tournament. ## Top Fan Tokens In 2023 While the best fan tokens are the ones that belong to your favorite team, you may also be interested in buying fan tokens of more than one team. We’ve compiled a list of the top fan tokens to invest in and how different factors can spur their price gains in 2023, so read on! ### Argentine Football Association Fan Token (ARG)

Every innovation in tech almost certainly has a name behind it. Steve Jobs was behind the smartphone, Bill Gates was behind the PC, and Mark Zuckerberg was behind social media. However, with the decentralized and anonymized nature of cryptocurrency and by extension, the blockchain, it made sense that there wasn't a singular prolific figure who pushed the envelope further. However, with the rise of NFTs, came Beeple, an artist whose art would transcend beyond what was seemingly thought plausible within the digital realm. Credited with creating pieces that ended up driving a boom toward the entire NFT space, the artist has quickly turned into the name behind NFTs. However, this begs the question, how has a singular artist been able to drive tons of dollars into the digital space? Moreover, how has his influence shaped the world of NFTs? Today, we're going to go explore all of that and much more! ## Who Is Beeple? Michael Joseph "Beeple" Winkelmann, born on the 20th of June 1981, is a US-based artist, animator, designer, and illustrator. Now hailed as one of the most valuable living artists, he's a man of humble origins, raised in North Fond du Lac, Wisconsin, and currently living in North Charleston, South Carolina. He is a Computer Science major who graduated in 2003 from Purdue University. While we aren't sure if his degree contributed to much, his eventual transition to digital art was definitely eased up with his general prowess and understanding of technology. Contrary to popular belief, Beeple wasn't really into blockchain technology or cryptocurrency, for that matter. For most of his life, Beeple's work remained unnoticed. In fact, Mike Winkelmann primarily focused on traditional art for most of his life. His primary job was to design corporate websites. But, it was quite clear that he had a passion for the art world from the get-go. Naming himself after the furry toy from the 1980s, Beeple's work had already been popularized to the extent he was working with artists like Nicki Minaj and Justin Bieber before the pandemic. In fact, Shakira's fiery wall of fire in the Super Bowl was all Beeple's idea. A testament to his art even before his eventual rise to fame.

The metaverse is shaking up the world by blurring the line between the virtual spaces and reality. The sports industry has always been receptive to the latest tech and innovation to engage sports fanatics. With unlimited growth and engagement potential, the metaverse is the go-to destination for the sports industry to stay relevant. From virtual merchandise to virtual stadiums, there is so much potential in the metaverse to provide an exceptional experience to sports fans. Moreover, it is not just about the fans; athletes can also leverage this technology to connect with their fans at a deeper level and monetize their own brands. ## Why Is The Metaverse Relevant In The Sports Industry? Sports have always held a significant place in the physical world. However, the emergence and fragmentation of different platforms and strong competition from other entertainment sectors have posed a major threat to the sports industry. Fragmentation is mostly consumer-led, from newspaper to Radio to Television to the internet, and within the internet, we have seen the ever-growing hype of social media. This means if sports brands or companies want to survive in this highly evolving and competitive world, they need to know where the user's attention is going. Metaverse is the future of the entertainment industry, and sports will be no different. With an estimated $800 billion market value by 2028 and 400 million monthly active users, Metaverse is here to stay. Moreover, a study by Deloitte shows that Millennials and Gen Z are logged in to the gaming ecosystem for 13 and 11 hours, respectively. Sports leagues can take fan engagement to the next level by interacting with fans with their favorite players and teams in new ways. The decentralized platform of Web3 enables secure online interaction and transactions that will shape the future of the sports industry. With the incredible use of virtual and augmented reality, the virtual stadium is set, and players are ready; you just have to welcome this revolution to get ahead of where consumer attention is heading. ## 10 Metaverse Projects in 2023 This revolution is headed by several metaverse projects that are paving the way for the sports industry, players, and fans to leverage the technology to make a future in the metaverse. These projects provide tools to gamers so they can master this virtual world. Ten of the most impactful projects that are leading the virtual ways are: ### Decentraland

The metaverse continues making strides after a year brimming with exciting technological developments and high-profile investments. For 2023, the development of virtual worlds is expected to continue at high speed, with a focus on entertainment and gaming. That is as we are seeing the consolidation of new technology such as blockchain, VR, AI and 5G. With that in mind, here are the top metaverses you’ll want to keep an eye on this year. ## 1. Sensorium Galaxy

We’re living through transformative times, which can feel both exciting and hard to keep up with. All that talk of Web 3.0, cryptocurrencies and the metaverse, but most of us are still left scratching our heads when trying to understand what it actually means. The good news is that while the technology might be a new concept, there are plenty of great projects already taking off and creating opportunities that could change your life in a profound way. In particular, the metaverse and crypto are coming together to shape the future of digital frontiers in areas like gaming, work, entertainment, education, shopping and much more. With so much going on, it’s perhaps worth getting to know what’s this all about and which metaverse projects to keep a close eye on in 2023.

Artificial intelligence is currently the most popular topic on the internet. The AI-powered services continue to amaze everyone, captivating millions of people. AI can talk to you in a conversational tone, create images from text input, replicate your voice, and change faces in videos. One such service, ChatGPT, lets everyone experience the future of conversational AI and the creation of written works. Some of the best AI chatbots also provide language translation services and can even generate digital artwork. Many professionals are afraid of getting replaced soon, including bookkeepers, computer programmers, customer support executives, and market research analysts. ChatGPT reached 100 million active users in just two months of its launch. Amazon's Kindle Store already has over 200 eBooks written by ChatGPT. But this solution, produced by the non-profit organization OpenAI, is not the only one in existence. In fact, the basis of ChatGPT is GPT-4, a language model used in similar services. This article will discuss the best ChatGPT alternatives in 2023. ## What Are The Top Alternatives To ChatGPT? ChatGPT is an AI chatbot software currently based on the GPT-4 language model. It uses machine learning and natural language processing (NLP) to communicate with humans in real time. With the exploding popularity of ChatGPT, you might be locked out of using this service, considering that its servers are overloaded with users. Here are some of the best ChatGPT alternatives to experience the power of GPT-4. ### Google Bard

Artificial intelligence gives us creative solutions to minimize our efforts and save time at work. The increased accessibility of AI in the business sector has created new avenues for freelancers and entrepreneurs to generate income. From virtual assistants and chatbots to machine learning and data analysis, AI has gotten mainstream in the digital economy, creating endless possibilities for people to make more money. Even the technologically inexperienced among us can earn a fortune using sophisticated AI tools. These AI softwares offer solutions to streamline your workflow, improve productivity, and increase your bottom line. If you want to start a new career with AI or supplement your income, smart and robust AI tools will help you stay competitive in this digital age. Here are ten effective AI tools to aid a freelancer or entrepreneur in making the most of the AI space. ## 1. ChatGPT

Intelligence, at its highest level, has always been a metric reserved for humans. From being able to understand speech to contextualize information and deriving patterns from it, humans have generally been able to only communicate amongst themselves effectively. With the introduction of computing, however, there were times when humans were absolutely outclassed by the sheer processing power that computers had. Fast forward to 1997, and Chess World champion Garry Kasparov was defeated by IBM's machine learning algorithm, Deep Blue. Fast forward to 2023, the world of AI chatbots has advanced quite significantly, and we now have an effective generative AI model, ChatGPT. This begs the question, what is ChatGPT? And, how is it able to take human feedback into account and provide responses that are surprisingly useful? ## What Is ChatGPT? Released on November 30, 2023, ChatGPT is an AI chatbot developed by OpenAI that is fine-tuned from a model present in GPT 3.5 and is trained using Reinforcement Learning from Human Feedback (RLHF.) It takes user feedback into account and is a large language model that uses supervised training data to understand semantic context and provide answers in a conversational manner. Since the language model is primarily based on supervised training and is a sibling model of InstructGPT, it takes human feedback into account. For instance, in its initial training stages, the model was asked to generate responses based on a certain prompt which was then ranked by a labeler assigning it a certain reward value based on its answer. This particular value is then amalgamated into a supervised policy which generates an answer based on the initial reward. In essence, as the developers at OpenAI collect user feedback, they'll be able to fine tune the large language model even further to ensure that is able to provide better responses with more resources as time goes on. ## What Can ChatGPT Do? The ChatGPT interface acts as a telltale sign of what to expect from the AI chatbot. Besides just a few sample responses, the chatbot is by far the most comprehensive when it comes to answering questions and using generative AI to assimilate to even more complex queries. ### Natural Text Generation

The steady growth within the blockchain sphere allows users to interact with each other in a peer-to-peer manner in a decentralized world. Aside from the trading of cryptocurrencies, blockchain is opening doors for smart-contract functionally, decentralized spaces, Play-to-Earn (P2E) games, and much more. Over the last year, millions have jumped on the blockchain gaming bandwagon and the universe is expanding at a rapid pace. While there are limited options on the market, players are making the most of the opportunities presented in front of them and using their unique NFTs for monetary gains through P2E games. Most recently, the MMORPG genre of the Play-to-Earn (P2E) blockchain gaming universe received an excellent addition in the shape of DeFi Kingdoms. Known for its medieval nostalgic and artistic gameplay in a 2D manner, DeFi Kingdoms depicts the story of a torn world which has suffered from all sorts of horrors but, you must unite the realms against the enemies and restore them to their original glory. And while you’re off fighting the most vicious monsters, there’s some money to be made here since DeFi Kingdoms employ Play-to-Earn (P2E) mechanics. Our roundup today provides a comprehensive guide on how to play DeFi Kingdoms since there's too much depth to the game. ## What is DeFi Kingdoms?

Play-To-Earn gaming is all the rage now. Unlike traditional gaming, P2E brings real money and rewards into play, marking a departure from the business model that dominated the gaming industry for decades. From Splinterlands to Axie Infinity, players are rushing to games that can fulfill their entertainment needs while providing clear monetization paths in return for the time and effort they’ve put in. Last week, we put together a quick intro to Play to Earn, but here’s a recap icymi: P2E gaming relies on blockchain, meaning that through this technology players are able to buy, sell or exchange in the form of non-fungible tokens (NFTs). This way, not only do they have control over their transactions every step of the way, players are even more crucially able to to retain ownership of the digital assets they’ve collected during the course of their gaming experience within a title. From there, players can choose to take those items outside of the game and exchange them across other marketplaces and trading platforms, in return for digital currencies (cryptocurrencies) or fiat money. In short, in-game items have real world value. There are plenty of monetization opportunities within P2E. A player can, for example, purchase an NFT, upgrade it and then resell it for a higher price. Play to earn games are also highly attractive given the opportunities to get rewarded for activities completed within the game, like quests or duels. The impact of P2E is accelerating profound changes in the gaming industry, with more than half of American and UK-based video game developers now saying they’re starting to implement blockchain technology and the use of NFTs in their titles, according to a recent survey.

The gaming industry has come a long way. From clunky consoles, quirky cartridges and simplistic games (Super Mario Bros, anyone?) to an entertainment outlet worth over $170 billion, powered by more than 2.7 billion players worldwide. Nowadays, gaming is an all-consuming experience, built on top of ultra-realistic animations, full of twists and turns throughout what seems like an endless stream of entertainment content. There's seemingly nothing out of bounds when it comes to the possibilities of gaming. From personalizing avatars to customizing environments, purchasing tools and setting up tournaments, gamers are showered with all kinds of options to enhance the time spent in virtual worlds. But we've gone beyond the choosing of color palettes and skins; user preferences are changing the foundations of gaming. Instead of the linear experiences of the past, gaming is increasingly an open-ended experience. This is evident by the success of sandbox titles like Minecraft, drawing in players with infinite playable loops that can take shape in the form of challenges and competitions, for example. The more players engage, the greater their status in the community and bigger the incentive to engage with other users. And how to better enhance this experience than by letting players create and exchange (or even sell) their own content. All of this opens the doors to a gaming experience without limits. Take Roblox or Fortnite, two games also seeing a meteoric rise on the back of user-generated content (UGC). However, the majority of gaming experiences remain trapped in traditional, centralized models. This means that developers and gaming companies hold the most power within the ecosystem. Even when users come up with their original content, its value is entirely tied to the gaming dynamics set by developers. That's because games are provided to users on a licensing basis, meaning that they’re free to play and be enjoyed, but in the end users don’t own any in-platform assets. Think of it like renting a house but not being the owner; gamers are simply renting games. Players can be subjected to unexpected or arbitrary decisions that limit their possibilities, from the worth of their creations to the number of units that can be sold or exchanged in a marketplace. Ultimately, centralized gaming models don't favor players - and certainly fail to reward the most loyal ones, despite them spending more time online.