Aura network, a Layer-1 NFT-centric blockchain, has announced its plan to unveil its ‘Xstaxy’ Mainnet by October 1. The venture announced the development in a […]
More than 50 million people worldwide consider themselves to be creators of some kind of content. The content creator economy is a fast-evolving market niche that is experiencing exponential growth. Its current size is estimated to be a little over $100 billion, showing an 8-fold increase year-on-year. This new economic sector requires new approaches and instruments, as large corporate platforms exercise great power over the creators’ content, and personal websites and blogs have limited reach. The problem with Web 2.0 In the current state of the Internet, known as Web 2.0, content is stored on a particular server or computer and accessed via a web address known as a URL, or Uniform Resource Locator, that specifies its location on a computer network and a mechanism for retrieving it. This means that the owner of the computer or the server where content is stored has complete control over whether and how it can be accessed and can limit access or even delete content at any time. At present, if the creators of video content, photographs, or blogs want to get their material out into the world, they have little choice but to post it on major social network platforms like Alphabet’s YouTube, Meta’s Facebook and Instagram, TikTok, Pinterest, Tumblr, Snapchat, and the like. While this provides access to huge audiences, this benefit comes with major drawbacks. This is because all content is stored and hosted on these Big Tech companies’ central servers, which these corporate behemoths have complete control of, and creators must give up a great deal of power over their content to put it there. At any time and at their own discretion, these social media giants can block any content they dislike or deprive creators of the ability to earn money from it. The platform has no legal obligations to the creators, so creators have no right to claim damages. All revenue generated by the creators’ content is collected and distributed by the network, and creators have no say as to what share they will receive. This disparity in terms of power and revenue puts content creators at a great disadvantage. Could Web 3.0 be the answer? The answer to this conundrum may be the third iteration of the internet: Web 3.0 Web 3.0 represents a whole new stage of development for the internet, in which working with web content will be organized in a completely different way. It is based on decentralizing content by storing data not on just one central server, but distributing it among many computers, or nodes, in a P2P (peer-to-peer) network with the help of blockchain technology. In this way, content is no longer held hostage in large corporate data centers, and big corporations and government authorities lose their ability to dictate if or how it can be used. Web 3.0 technologically eliminates the monopoly of Web 2.0 platforms and returns ownership of content to the creators themselves. This will fundamentally change the way creators produce and manage their content while providing them with better opportunities to profit from their work. Moving into the future While Web 2.0 platforms have demonstrated their commercial value, their drawbacks are becoming increasingly apparent. Delivering content through Web 3.0-based platforms can be the ideal answer to the problems creators currently face when dealing with faceless corporations. This is particularly true for creators of video content, whose work may be arbitrarily censored, restricted, or demonetized. One such solution is a new application called FavorTube, which is a Web 3.0 media-streaming platform offering real-time, consumer-grade HD video playback and full lifecycle services for content creation. It connects content creators, consumers, and fans in one decentralized platform that is transparent, fair, and anti-censorship, where all users benefit. With FavorTube, content creators produce and upload videos and earn revenue when consumers subscribe to their channels or content. Revenue from consumer views of ads on the platform is automatically distributed among creators, the platform, and viewers via smart contracts. Multiple forms of NFTs (permanent membership, crowdfunding) can be issued with one click, and revenue from channels or content is automatically distributed to NTF holders. Access to content is authorized on the P2P network, which protects the rights and interests of commercial videos. Randomly assigned DAO (decentralized autonomous organization) auditors from the FavorTube community monitor content and can ban material deemed to be inappropriate. FavorTube uses its own protocol stack, dubbed FavorX, as decentralized storage and content distribution underlayer. While some projects have already carried out theoretical exploration and technological R&D in this area, FavorTube is the first media-streaming platform to implement complete decentralization for file storage, content distribution, data retrieval, and purchase transactions. Its out-of-the-box desktop and mobile applications are directly connected to the blockchain on mobile terminals via P2P networks whose performance increases as the scale of the network expands. FavorTube is also the first fully decentralized application project to support the use of mobile terminals directly connected without gateways on an anti-censorship and globally accessible streaming platform. FavorTube takes the underlying concepts of similar Web 2.0 platforms but discards the monopolistic practices they use to generate excess profits, thus creating a new business model for content creation and revenue distribution by harnessing the decentralized financial characteristics of blockchain. Its decentralized storage and content distribution capabilities turn the power relationship between content creators, consumers, and content display platforms on its head to implement the fundamental idea behind Web 3.0 – that data is owned by users This represents a multi-dimensional leap over existing Web 2.0 content creation platforms, from the technical foundation to the business model, and provides content creators and consumers with an anti-censorship, high-yield, and autonomously growing application platform, which will be the first blockchain application project to exploit the commercial value of Web 3.0. As Web 3.0 develops, there is no doubt that other projects will emerge and follow in the footsteps of this ground-breaking project, as content creators increasingly seek out new platforms where they can display and profit from their work freely and fairly, without the ever-present oversight of Big Brother corporations.
Rare is the successful revolution whose new regime is kinder, gentler and more just than the one it replaces. We must strive to protect the spirit of Bitcoin.
A widely followed crypto analyst says Bitcoin (BTC) is continuing onward and upward, revisiting an old resistance level. Pseudonymous crypto trader Rekt Capital tells their 326,400 Twitter followers that the king crypto has held the 200-week moving average (MA) for three weeks. “BTC is holding the 200-week MA as support for the third week in a row… BTC has […]
The post Rekt Capital Analyzes Bitcoin, Polkadot and Oasis Network After BTC Blasts Above $24,000 appeared first on The Daily Hodl.
The central bank stated virtual asset service providers pose a great risk but will allow existing businesses to continue operations or expand.
The Chainlink (LINK) protocol does not plan to support any forked versions of Ethereum (ETH) after it merges to Ethereum 2.0. Chainlink, a decentralized oracle network, notes on its website that this decision includes proof-of-work forks. “This is aligned with both the Ethereum Foundation’s and broader Ethereum community’s decision, achieved via social consensus, to upgrade […]
The post Chainlink (LINK) Will Not Support Forked Versions of Ethereum (ETH) After the Merge appeared first on The Daily Hodl.
The ETHPoW fork proposal comes from the miners. It’s only logical that they want to keep Ethereum as a Proof-Of-Work chain, since all of their profit will evaporate overnight with the change to Proof-Of-Stake. The merge is supposedly only weeks away, and the Ethereum community has their hearts set on the proposed changes. Nevertheless, the […]
What crypto are the whales buying? After the ongoing crypto market crash in 2022, users are looking for the best meme crypto to buy now. Currently, many whales and investors are looking to buy TAMA – a new NFT project that is aiming to change the gaming sector by introducing DeFi (decentralized finance) protocols. This guide will review one of the best new crypto meme coins and why whales are accumulating Tamadoge. Why Tamadoge has Gained the attention of Memecoin Whales in 2022 The sections below look at 5 reasons why Tamadoge is gaining attention among the meme coin whales in 2022. 1. Affordable Pricing On the 25th of July 2022, TAMA launched its beta presale phase. Investors can buy Tamdoge for $0.01 per token, with a minimum purchase of 1,000 tokens ($10). To buy TAMA, investors can either purchase ETH or USDT, and convert their holding to TAMA coins. On the other hand, users can buy TAMA with fiat currency via credit/debit card payment methods. Currently, early investors have bought over $100,000 of TAMA in the first two weeks of the Tamadoge beta sale. The low token price can potentially make TAMA one of the best low-cap crypto gems to buy in 2022. 2. Deflationary Token One of the benefits of buying Tamadoge is that it aims to be a deflationary token. For example, coins like Doge and Shiba Inu are not inflation-proof – since they provide an increase in the number of tokens supplied over time. Dogecoin has increased its total supply cap from 100 billion to 132 billion, making the supply increase compared to the demand. On the other hand, TAMA provides a decreasing token supply over time. Firstly, TAMA has a maximum supply of 2 billion tokens. Moreover, 5% of all TAMA tokens spent on the platform will be burnt. This will ensure that the number of tokens reduces over time, increasing the demand in the long run. Therefore, the developers hope that the token can increase in value and potentially provide investors with higher returns. 3. No Transaction Tax Another key feature of the Tamadoge cryptocurrency is that it charges no transaction tax to users who buy, sell and trade the tokens. For example, many crypto ecosystems will take a cut from users’ transactions to maintain the rest of the network. However, the TAMA developers state that the ecosystem itself will generate revenue. This benefits the network users since they can retain a higher amount once their transactions are completed. 4. Long-Term Investment One of the main weaknesses of meme coin investments is long-term stability. While Bitcoin and Ethereum do experience price corrections, they have always provided profits in the long term. However, meme coins experience rapid pump and dump movements, making it a risky bet. The unique feature of TAMA is that it is positioned as both a meme coin as well as a utility token. It functions as the Tamaverse – the P2E ecosystem where users can earn in-game rewards. Players can purchase Tamadoge pets – which are unique NFT avatars. They are used in competition against other players to earn TAMA tokens from P2E prize pools. TAMA is also the payment method to purchase these NFTs from the Tama store. Therefore, there is long-term utility in the token. With the development teams’ plans to list the tokens on multiple crypto exchanges, users can buy TAMA now and hold it for the long term. Thus, TAMA is gearing up to become one of the best utility tokens in 2022. 5. Future Roadmap Plans Finally, a good cryptocurrency investment involves researching the project and its future plans. Many whales will see TAMA as an exciting opportunity due to the promising updates the ecosystem will look to deploy. Firstly, TAMA is expected to be listed on decentralized (DEX) and centralized exchanges (CEX). For example, a notable DEX, TAMA will be deployed on the popular CEX – LBank and UniSwap. Apart from the web-based P2E platform, Tamadoge is also looking to release an Augmented-Reality (AR) by the final quarter of 2022. This app will retain the P2E dynamics as the web-based platform but offers easier access to Tamadoge. With several new metaverse apps coming up, this can potentially become one of the best NFT apps in the market. Next is the platforms’ plans for an upcoming P2E arcade – which will feature several Tamadoge-related games and physical Tamadoge rewards to players. What is Tamadoge? Tamadoge (TAMA) is the native cryptocurrency and utility token of the Tamaverse. This is a decentralized crypto project which will boast several P2E gaming features – allowing players to earn rewards while participating in community-driven competitions. Tamadoge pets are at the centre of the P2E universe – since these NFT avatars can be bought, created and bred to participate in games. Users will battle other members and compete for points on a monthly leaderboard to earn TAMA from various “dogepools”. Apart from buying Tamdoge pets, users can buy items such as accessories and foods which can be used on their NFT pets. All these items will be purchased with TAMA, and the tokens collected will be split among three pools. Firstly, 5% of the tokens spent will be burnt to increase the demand against the supply. Secondly, 30% of tokens will be used for marketing purposes so that the platform gains social media presence and becomes more mainstream. Finally, 65% of the tokens spent are re-distributed to the P2E prize pools and given to the top performers on the Tamadoge platform. A Closer Look at Tamadoge Apart from providing several P2E features and NFT-centred protocols, the TAMA token displays strong tokenomics. TAMA is trading for beta presale for only $0.01 per token. The Tamadoge team has made 50% of the total supply available for this first token round. 20% of the total token supply has been reserved for future listings on centralized and decentralized exchanges, such as LBank and UniSwap. The remaining 30% will be available in the next 10 years via minting operations. Currently, the Tamaverse is only at its infancy stage. Apart from the Tamadoge pets, this metaverse environment envisions a place for several AR-based apps, exciting earning opportunities with arcade games and even virtual dog parks in the plans for the future. Users interested in learning more about the project can subscribe to the official Telegram group and stay updated. Admins will never DM you first, beware of scams where impersonators copy the profile pic and name of admins or moderators. Min Investment 1,000 TAMA (∼$10 + gas fee) Max Investment N/A Purchase Methods ETH, USDT, Debit / Credit Card (via Transak) Chain Ethereum Beta Sale Ends 2nd September 2022 Presale Ends Q4 2022 How to Buy Tamadoge (TAMA) The sections below provide users with a step-by-step breakdown of how to buy Tamadoge in 2022. Step 1: Set up a Crypto Wallet Users need to download a crypto wallet when looking for where to buy Tamadoge. For example – users can use MetaMask – one of the best crypto wallets, which will allow users to purchase TAMA during the ongoing beta presale. Users can head over to MetaMask and click on ‘Download’. Step 2: Buy ETH or USDT Users can buy Tamadoge with ETH or USDT by purchasing it from a crypto exchange and transferring the tokens back to their Metamask wallets. It’s also possible to buy TAMA using a debit/credit card via the popular fiat on-ramp Transak. Step 3: Link MetaMask to Tamadoge Presale Platform The next step is to go on the Tamadoge website and click on ‘buy’. Users can then click ‘Connect Wallet’ and choose their wallet provider to connect with the presale platform. Follow the instructions to officially link the wallet. Step 4: Buy TAMA Tokens The final step is to buy TAMA. Simply enter the amount of TAMA you would like to purchase and select ‘Convert ETH’ or ‘Convert USDT’. Users need to purchase a minimum of 1,000 TAMA. Buy Tamadoge on Beta Presale Finally, users can claim their TAMA tokens once the presale ends. Once the presale period is over, click on ‘claim’ on the Tamadoge website’s homepage.
China and Russia seem to be cooperating in their move to back their currencies with commodities. Will Japan be the first developed nation to adopt bitcoin?
Billionaire Elon Musk has been Dogecoin’s biggest supporter, and he has not been shy to say it. It was indeed the SpaceX CEO’s tweets that triggered the bull rally that saw the meme coin hit a high of $0.7 last year before starting its slow downtrend. However, even with the fact that Dogecoin has seemingly […]
Crypto expert Maxim Kurbangaleev spoke about the fraud and tricks that investors fall for. A high-profile scam project worth $20 million: the RAC (Raccoon Network) token collapsed to its minimum value, and investors could not sell their assets. How come? Jointly with Freedom Protocol, the Raccoon Network crypto platform transferred $20.8 million to a third-party […]
Pitch Day at Bitcoin 2022 in Miami gave startups in the space an unprecedented chance to drive their projects forward.
Ethereum has lost steam after a week of trading in profits. The elements for a potential extension of the bullish momentum were laid out in the macro-economic stage. Still, rising tensions between China and the United States have brought back uncertainty to the global financial world. Related Reading: TA: Solana Struggles To Break Key Resistance After $5M Hack U.S. Congresswoman and Speaker of the House of Representatives Nancy Pelosi visited Taiwan earlier this week. Her visit is controversial, as Taiwan is considered a territory in open rebellion by China. The latter responded to Pelosi’s visit by firing artillery near Taiwan and announcing military exercises, the Asian giant considers this an “act of provocation”. So, tensions about a potential conflict between the U.S., Taiwan, and China in the near future emerged. Investment firm Cumberland believes the above highlights the tight correlation between Ethereum, the crypto market, and the traditional finance sector. The second crypto by market cap has been trending downside in the short term as a result of this uncertainty. Ethereum and Bitcoin have been highly correlated with the Nasdaq 100, the index that tracks big tech stocks. Cumberland believes that if ETH’s price can break this correlation, the cryptocurrency will be able to reclaim previous highs. Until then, ETH’s bullish momentum seems limited. The investment firm said the following on ETH’s price fate as long as it remains correlated with legacy markets: Until crypto decorrelates from the broader macro backdrop, it will be difficult for these themes to generate meaningful alpha. That said, the upcoming merge threatens to reestablish digital asset markets as an independent asset class. The Merge is the highly anticipated event that will combine Ethereum’s execution layer with its consensus layer. This event might be important enough to provide bulls with fresh momentum and break the correlation with the Nasdaq 100. Before The Merge, Ethereum Ecosystem Outperforms The Merge is already having a positive impact across the Ethereum ecosystem, and on the other two assets, Lido DAO and Ethereum Classic (ETC). A report from Kraken Intelligence shows that the ETH ecosystem has and continues to outperform the crypto market. Related Reading: Binance Coin Finds Support At $240 – Can BNB Barrel Past $300? In July, ETH’s price, decentralized finance (DeFi) and non-fungible tokens (NFTs) recorded an average of 59%, 52%, and 35% profits respectively. Thomas Perfumo, Head of Business Operations and Strategy at Kraken, said the following on the potential impact of The Merge: ETH is holding value during this crypto winter against BTC, a significant departure from the prior cycle. All eyes are on The Merge, the most significant milestone to Ethereum’s scaling roadmap since the launch of the beacon chain in late-2020. If successful, the industry will have the clarity to take a longer-term outlook on Ethereum.
Although ADA has seen consecutive price slides with most of the market in the past few weeks, the Cardano ecosystem had not been hit with any unique negative sentiments that could further affect its price action.
With all the hype surrounding the Metaverse, the NewsBTC team caught up with Tim Bullman, the co-founder of Caduceus Foundation to learn more about their initiative. Caduceus is a blockchain dedicated to metaverse development, supporting developers and creators to build their own metaverse, NFT, GameFi and DeFi projects. Here are excerpts from our interview. Q: Can you please tell us more about your journey that led to Caduceus? Tim: After successfully launching UK’s first corporate crypto brokerage business, I met my other co-founders. We shared the same vision that the blockchain sector needs a trustworthy, robust ecosystem so the global audience can make a meaningful connection with such a new technology. We analyzed all the other blockchain features, pros and cons, and we found a unique angle where we can make a difference and provide a truly robust infrastructure for Web 3 developers. The future of the metaverse in the Web3 era world will have multiple chains that coexist. A true metaverse would connect all other virtual worlds and transfer personal information and currency between different ecosystems through protocols that span time, platforms and devices. This is also what Caduceus pursues and actively implements. At the current stage, Caduceus will use the underlying architecture to support different independent applications in the metaverse field. In the later stage, these applications will be integrated and connected in series to realize a system consisting of various applications, different devices, and user experiences, which will be the prototype of the Caduceus Metaverse. Q: What is Caduceus trying to solve? Tim: Metaverse is a huge topic, and it will undoubtfully play an important role in our future digital life. However, metaverse development requires high rendering power and the current cost from various centralized providers is extremely high. With Caduceus’s unique decentralized edge rendering solutions, developers can deliver a more user-friendly, low-cost, highly efficient experience to the audience. Metaverse emphasizes the immersive interactive experience for the fusion of virtual and real. What the market really needs is an innovator who can not only achieve its own development but also lead the trend of the metaverse, and behind this innovation, be inseparable from the support of edge computing, global distributed heterogeneous computing power and efficient rendering services. As a new form of metaverse infrastructure, we believe metaverse protocol Caduceus is technically outstanding. The combination of edge computing and blockchain will lay a solid foundation for credible and efficient collaboration among multiple vertical industries. These computing and rendering resources derived from computing power will also meet the demand for computing power in Metaverse application scenarios, bringing a more extreme Metaverse interactive experience. Q: So, what is your role at Caduceus? Tim: I have spent the past 25 years building and managing businesses in the capital and digital markets, so I have experience in administrative and operational functionality. This linked with a strong drive to promote business development will be my focus in the short to middle term. We will place a long-term strategy on ensuring strong ties to the community and wider audiences so we are aligned with their vision as well as our own. Q: How does Caduceus differ from other blockchain protocols out there? Tim: Four different aspects: Super fast transaction speed Super low transaction cost Customized consensus mechanism Unique low-cost decentralized edge rendering solution On top of that, we are building a set of tools to enhance our development environment to make future developers’ life a lot easier. Our goal is to lower the entry level so more talent can join this exciting space. Q: What are the various applications and industry verticals you see Caduceus being adopted? Tim: With an emphasis on enterprise-level products there is a requirement for real productivity tools that provide developers with a friendly and convenient development environment, this is the original intention of Caduceus. Therefore, Caduceus considers “performance, robustness, scalability, flexibility, and reliability” with great care in the architectural concept, and provides developers with a decentralized and fully modularized system according to the current market demand of the Metaverse. A blockchain with lower transaction costs, faster speed and a high emphasis on security and scalability. At present, Caduceus has released the main network. At the same time, it will carry out multi-stage network iteration, systematically organize internal and external advantageous resources, and create a truly easy-to-use software with technical advantages such as developer friendliness and complete development tools from the perspective of systems engineering. We are expecting game developers, metaverse developers, Dex, and NFT creators to join caduceus. Q: What is the current state of development? When can we expect Caduceus-based projects to start rolling out? Tim: Our mainnet version 1.0 was launched on 28th April and currently, the development team is working on version 2.0 which will enhance the efficiency of our network even further. We have shared a lot of our current developer status on our official Twitter and Medium accounts, so please refer to those platforms for more thorough updates. Our goal will be to carry out a large number of cross-industry cooperation with leading Web2 enterprises, fashion brands, film and television IP, sports/film and television stars, and artists, to create popular applications of the Metaverse, and to create the diversified development of the Caduceus Metaverse. Gaming is also a big part of the Caduceus ecosystem. We are seeing over 40 projects being deployed onto Caduceus. This is very encouraging considering our mainnet was only launched back in April this year. Some exciting examples to share, Caduceus is working with the 3D NFT fashion brand Hape to create an NFT scene that integrates games, business, and entertainment, and jointly design a virtual image system to give consumers the opportunity to interact with culture and brands in a highly immersive experience. Interact. CMP token will also be the tokenomics solution to the Hape ecosystem Caduceus has partnered with one of the Dubai Sovereign companies Bin Zayed Group, to bring the twin city experience to life using virtual reality technology, creating an authentic urban experience in the Metaverse; Light Cycle, the first metaverse platform incubated by Caduceus, Light Cycle a 3D metaverse platform built for fashion, entertainment, games, movies, music, sports, real estate, retail, NFT, and will cooperate with Lord Botham to bring cricket to the metaverse. This will be the first of many projects bringing sport and the metaverse together for a wider audience to experience Q: Can you please explain the features of Caduceus? Tim: As the first Metaverse protocol for decentralised edge rendering, Caduceus is committed to providing services such as decentralised rendering, edge computing, 3D technology, and XR extended reality technology for Metaverse developers and creators. As you can see from the introduction, the underlying technologies provided by the Metaverse Protocol Caduceus for the Metaverse include blockchain technology, edge computing technology, computing power resources, and rendering resources derived from computing power. Furthermore, the high transaction speed with low transaction costs has given our developer a head start. Q: How is the community’s interest towards Caduceus? Tim: Communities are formed because people come together with a shared common bond and vision. In the caduceus community, everyone has a valuable consensus, agrees with the development concept of the project, and is willing to participate in the construction of the community. At the same time, they can also enjoy the economic returns brought by the growth of caduceus. To this end, we have specially launched a community-exclusive badge NFT “NOVA”. Community users who hold NOVA can enjoy CMP token airdrops, whitelists of projects within the ecosystem, and airdrops of projects within the ecosystem. As an indispensable part of the Caduceus metaverse, the Caduceus community welcomes all like-minded partners, and our community will give each member the opportunity and right to participate in community building. Our combined community across all channels and platforms has exceeded 800,000 members Q: Any significant partnerships or collaborations you wish to share? Tim: We have recently partnered with Lord Botham, one of the most successful cricket legends to bring Cricket into the metaverse. We also started our journey with Hape Prime, a London and New York based NFT fashion brand to take NFT to the next level. We have some exciting news to announce shortly regarding this project, can not wait to tell everyone a bit more about it, but for now, had to keep it a secret. We also have some exciting news to announce with inspirational partnerships in the Music, sports and filming industries. August is going to be busy for us, with a strong emphasis on adoption and business development into year-end and beyond. Q: How does one get started on Caduceus? Tim: We have a very thorough tutorial and guidance on our website, under the ‘Developer section’. It gives very clear guidance regarding wallet integration, smart contract deployment and other aspects to get your journey started with Caduceus. Our tech team is always here to help. We welcome global talent to join Caduceus. Q: Nowadays metaverse is one of the hottest topics and everyone wants to have their presence in it. How do you think the metaverses will add value to individuals and businesses beyond those of what web2 can currently offer? Tim: In many countries, governments and enterprises attach great importance to emerging technologies. It is also very friendly to relevant policies. With the blessing of emerging technologies, it can quickly promote the digital transformation of local traditional enterprises and promote the economic development of various countries. With current economic environment in mind, the Metaverse is undoubtedly a huge emerging market with huge opportunities for growth. Many early game companies are also actively exploring the Metaverse, seeking entry strategies, and some projects are even actively led by the local government. Caduceus has been working hard to build a Metaverse Protocol that provides technical support services for Metaverse developers and creators. With the characteristics of massive computing and flexible use, enterprises can efficiently complete deployment at the lowest cost, and it will also create a convenient and easy-to-use Metaverse underlying infrastructure for more Web2 enterprises, which is very suitable for countries that are in their infancy and their local areas. Q: Tell us more about your team Tim: Caduceus has a team of seasoned professionals with deep experience in blockchain, DeFi, software development, finance, retail, music, art, media, and entertainment. We brought together all of these professionals from many fields to provide you with a deep passion for the emerging Metaverse. Q: Anything else you would like to add? Tim: The most exciting news I would like to share is that our native governance token $CMP has just been launched on Bybit, MEXC and Bitget on July 25, 2022. Users who are optimistic about the value of Caduceus, please do not miss it! $CMP is the native Token in the Caduceus Metaverse Protocol, and it is also a crucial part of the Caduceus Metaverse ecology. We can regard CMP as a value bridge connecting the real world and the virtual world. The relevant mechanism of the token will also be announced in Q3 in 2022, including the introduction of the pledge function of decentralized computing power nodes, the pledge of CMP to obtain ecological application tokens and NFT, etc., to better enrich the use value and scenarios of CMP, and form the ecological and economic closed loop of the project. In the future, our goal will be to carry out a large number of cross-industry cooperation with leading Web2 enterprises, fashion brands, film and television IP, sports/film and television stars, and artists to create popular applications of the Metaverse and create the diversified development of the Caduceus Metaverse.