Canadian project, 99 Lees Avenue, Ottawa, ON (2026)

01/28/2022

Decentralized Metaverse platform, OVR announces the launch of its Map2Earn crowdsource mapping feature. In detail, users can participate in a global 3D mapping initiative called Map2Earn by snapping images of certain locations with their smartphones and getting the project’s native OVR tokens as a reward.

Subsequently, the photos are used by OVR to create a detailed 3D map of the world, which will serve as one of the foundations of OVR’s AR/VR Metaverse. Basically, OVR’s augmented reality (AR) platform encourages users to build a full-fledged Metaverse with its Map2Earn, rewarding users with native tokens to Map the World.

By gamifying the experience of mapping the Metaverse, OVR asserts it responds to the need for decentralization. The OVR team also stated its sophisticated AI system converts photographs taken with users’ cellphones into three-dimensional representations of the target places, which supplement GPS for localizing and rendering specific VR/AR objects on personal devices.

Davide Cuttini, CEO of OVR says,

As we move into the Metaverse, its user participation must become one of its most fundamental staples. By welcoming users to contribute to our project, helping us build out the geospatial infrastructure for a whole universe of experiences, and rewarding them with our tokens, we are making sure that inclusivity is at the very foundation of our digital future.
Even more, it allows OVR to improve the spatial precision of its VR/AR features from around six meters with GPS to as little as 20 cm with this technology. As part of the treasure hunt, OVR users have already scanned 1.4 million locations.

According to the document sent to CoinQuora, with the 3D map in place, OVRLand owners can provide more advanced and detailed VR/AR experiences to their customers, utilizing the crowdsourced 3D grid to pinpoint the digital possibilities available in their areas.

In addition, owners can tie specific digital experiences to target physical objects, such as playing a virtual scene or a specific wall. As well as bringing a statue to life with 3D animation, or deploying different experiences on each floor of a specific building. This is all thanks to the precision provided by the new localization functionality.

01/26/2022

McDonald’s jokingly said that it will accept payment via Dogecoin only if Tesla (NASDAQ:TSLA) accepts “Grimacecoin’’.
Tesla CEO Elon Musk has been urging McDonald’s to accept Dogecoin.
McDonald’s tweet is in response to Musk’s latest tweet on having a meal at the food company using Dogecoin.
McDonald’s has come up with a response stating it would accept Dogecoin (DOGE) for payment only if Tesla welcomes ‘’Grimacecoin’’ as payment.

McDonald’s tweeted this in response to the Tuesday tweet by Tesla and SpaceX CEO Elon Musk claiming that he would eat a Happy Meal on TV if McDonald’s accepts Dogecoin for payment.

only if accepts grimacecoin https://t.co/CQrmAFelHR pic.twitter.com/to9HmYJhej
— McDonald’s () January 25, 2022

Grimacecoin (GRC) is a purple-character coin issued on the Ethereum blockchain, which was featured in some of the marketing campaigns of McDonald’s.

Elon has been a staunch supporter of Dogecoin- a Shiba Inu-themed Japanese meme cryptocurrency started in 2013. Earlier this month, Tesla deployed Dogecoin for some of its merchandise. Elon’s tweet on January 25 helped boost Dogecoin price to stay afloat at $0.14 at the time of writing.

Recently, McDonald’s has also been tweeting about cryptocurrency, which paved the way for speculations on its Dogecoin acceptance. Two days ago, the company pinned a tweet that reads: “How are you doing people who run crypto Twitter (NYSE:TWTR) accounts?’’ To add, many tweeps have been in the front row posting memes about McDonald’s and cryptocurrency, especially during the recent price crash.

01/24/2022

Jonathan Levy, a US-based lawyer, accused cryptocurrency exchange Huobi Global of operating without accountability to any jurisdiction. The lawyer claimed this statement after a French National lost their funds to a Chinese fraudster as Huobi Global allegedly refused to cooperate with the police.

The unnamed French national victim used Ciphertrace to locate the fraudster’s account with Huobi. The French National Police then opened an investigation, requesting Huobi Global’s assistance in recovering the stolen funds.

According to the French national’s lawyer however, attempts to recover the stolen funds were hindered by Huobi’s refusal to cooperate with both French and Seychelles law enforcement.

Levy added:

Huobi Global misled the French Police and claimed they were under the jurisdiction of Seychelles. This delay allowed the criminal to escape with their loot. When the Seychelles Police finally investigated it was already too late and by their own admission, they lacked jurisdiction over the crime since Huobi’s presence in that island nation is just a mailing address.
The US-based lawyer then accused Huobi Global of running a decentralized global operation that “operates everywhere but is held accountable nowhere.” Levy pointed out that this incident is why European authorities need to establish a crypto industry-funded ‘Superfund’; the goal of which is to prevent cases like this and compensate victims of crypto fraud.

This Superfund would receive contributions from the top cryptocurrency exchanges. Levy claims that leading crypto exchanges like Huobi (with a reported daily crypto volume of over $10 billion) have enough ability to make such contributions.

01/23/2022

The year 2022 is here, and banks and the traditional banking system remain alive despite decades of threatening predictions made by crypto enthusiasts. The only endgame that happened— a new Ethereum 2.0 roadmap that Vitalik Buterin posted at the end of last year.

Even though with this roadmap the crypto industry would change for the better, 2021 showed us that crypto didn't destroy or damage the central banks just like traditional banking didn't kill crypto. Why?

01/20/2022

On Tuesday of this week Coinbase (NASDAQ:COIN) announced a strategic collaboration with one of the largest payment protocols on the planet, Mastercard (NYSE:MA). In its announcement, the crypto trading platform stated as part of its mission to “increase economic freedom in the world” it wants to expand access to the creator economy and enable more people to profit from their work.

Both Coinbase and Mastercard agree that promoting access and trade of non-fungible tokens (NFTs) is a step toward fulfilling that objective. However, both organizations acknowledge that the current process for purchasing an NFT is complex, clunky, and confusing for the average user.

The announcement goes on to state that Coinbase plans to simplify the NFT acquisition process and improve the user experience to allow more people to join the NFT community.

“Just as we helped millions of people access Bitcoin for the first time in an easy and trusted way, we want to do the same for NFTs. That’s why we’re working with Mastercard to classify NFTs as “digital goods,” allowing a broader group of consumers to purchase NFTs. And, coming soon we’ll “unlock” a new way to pay using Mastercard cards,” Coinbase said in its statement. As a precursor to this newly announced joint venture with Mastercard, Coinbase recently launched its Coinbase NFT project, a peer-to-peer marketplace that will make minting, purchasing, showcasing, and discovering NFTs easier. Coinbase NFT currently has a waitlist of more than 2 million people to access its platform, which will initially launch on Ethereum, supporting the gold standard in NFT transfer protocols – ERC-721; as well as the best protocol for batch NFT transfers using the ERC-1155 standard.

As background, ERC stands for “Ethereum request for comment” and is the shorthand prefix assigned to various technical standards for smart contracts that are compatible with the Ethereum blockchain. Coinbase states on its blog that it plans to ultimately support NFTs across multiple blockchains.

01/19/2022

Dvision Network officially announces it has been deployed on Polygon Mainnet and brought over their LAND NFTs to their ecosystem. This recent support of the Polygon Network will signal a second LAND Sale for Dvision Metaverse scheduled to occur within Q1, 2022.

The LAND NFTs minted on top of the Polygon Network (MATIC) will allow users to have full-fledged and flexible access to the Polygon Ecosystem. This move will further confirm Dvision’s stance to become the ultimate multichain metaverse protocol, an initiative that will help connect different chains via bridges, providing the ultimate freedom to their end users.

Of note, this is not the first feat for the network as it previously conducted the largest LAND Sale on Binance Smart Chain that sold out within 5 minutes. The LAND NFTs were offered to investors at very low prices, with their common 1×1 virtual plot sold at around $100. Similarly, the secondary offered up to $700-$800, yielding up to 700% appreciation in their base value.

With the deployment on the Polygon Mainnet, Dvision Network can now launch on a multichain system which gives users more freedom and flexibility. Since Polygon is a protocol and framework that can connect Etherum-compatible blockchain networks, the Dvision Network will leverage Ethereum’s thriving ecosystem.

It became clear, that the upcoming LAND Sale 2 will be conducted on Polygon-supported marketplaces such as Dvision’s native marketplace. It should be noted that interested consumers that are willing to participate in the Dvision’s LAND Sale shall be prepared thoroughly, as their first LAND Sale has finalized in less than 5 minutes on Binance Smart Chain.

According to the team, Dvision established a strategic partnership with Polygon Network back in September 2020 with the aim to integrate with Polygon’s Sidechain. This step was taken to ensure users within the Dvision Network’s ecosystem experience low-cost, near-instant transactions. They also want to make sure users are given the multifaceted token economy of Dvision.

Essentially, the recent deployment on the Polygon Mainnet is a great step for Dvision Network as Polygon has grown exponentially over the past year, registering myriads of decentralized applications on its network.

Moreover, Dvision Network is a blockchain-based NFT metaverse platform that allows its users to take a deep dive into the most advanced metaverse experience. The Dvision Network creates an innovative ecosystem by utilizing its own VR technology to lower the entry barriers for all users globally.

01/18/2022

The United Kingdom is actively looking to regulate the crypto market and has proposed many new policies to bring various crypto markets under the rule of law. However, among the various newly proposed suggestions, what turned many heads is the request to remove blockchain and Distributed Ledger Technology (DLT) references from the definition of crypto assets.

A new crypto report titled “Cryptoasset promotions: Consultation response” from the Her Majesty’s (HM) Treasury noted that, while most crypto assets use DLT or blockchain as an underlying technology, it might change over time the industry evolves. Thus, crypto assets must be exempt from the reference of DLT to “future-proof the definition for innovations.” The official statement said

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