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Top 6 Most Prominent Metaverse Blockchain Projects in 2021

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Following Facebook’s announcement of its new name, Meta, interest in metaverse-focused cryptocurrencies increased enormously. Facebook, the social media giant’s previous name, has been abandoned because it believes it only symbolizes a single product. The prefix “meta” in the name “metaverse” refers to the concept of shared virtual worlds and communities, which Facebook desires to highlight in its branding.

Microsoft is also taking an interest in the metaverse. Mesh for Teams, a virtual workplace, was recently released by Microsoft (Facebook has something almost the same called Horizon Workrooms). As a result, risk-takers are eager to have some of the best metaverse crypto in their wallet. Let’s have a look at some of the metaverse projects you should definitely check on and also that are on the spotlight.

  • Sandbox
  • Decentraland
  • Bloktopia
  • Enjin (Metacity)
  • Ultra
  • Sorare
  • Axie Infinity(AXS)
  • Metahero
  • Sandbox

The SandBox is a blockchain-based game and metaverse world that allows you to buy, sell, and stake various non-fungible token (NFT) assets, such as virtual plots of land.

Sandbox (SAND)

SAND, a coin created by The Sandbox, is one of the finest metaverse cryptocurrencies out in the market. SoftBank (one of the world’s most powerful tech corporations) spent $93 million in The Sandbox’s metaverse game in the early days of November. The Sandbox is now in the center of attention as a metaverse platform that investors should keep a close eye on, thanks to the presence of such a significant backer on its team.

SAND is a cryptocurrency that works on the Ethereum blockchain. The fact that Ethereum is a safe and stable network is one plus. However, Ethereum is known for charging high gas prices to users who want to deal on its blockchain, so that’s one drawback of buying SAND.

SAND can be purchased on Binance, KuCoin, and BitHumb.

Decentraland (MANA)

Decentraland is a blockchain-based game platform that uses non-fungible coins and smart contracts. In Argentina, the platform was launched in 2016. Decentraland makes use of Virtual Reality (VR) technology, which combines the real world with a digitally created version. Second Life and Minecraft have a lot in common with this game’s user interface.

The platform, like all NFT games, allows you an open space to exchange items from the games. A gamer can make money while playing. Their ledger is distributed rather than centralized. It includes land ownership based on the same concepts as in real life.

On Coinbase, the MANA is an unit of exchange for in-game items. Any willing party can participate in the exchange. Land ownership is equal to asset ownership.

Binance, Coinbase, KuCoin, and Kraken are places where you can buy MANA.

Bloktopia (BLOK)

Bloktopia is a metaverse that has a 21-floored virtual skyscraper. What is the significance of the number 21? The Bloktopia crew desires to pay respect to Bitcoin, which has a limit of 21 million coins. Bloktopia users can design their own avatas, interact, learn about crypto, and buy metaverse “real estate” in this VR tower.

Users can utilize a basic builder tool to create artwork, games, challenges, scenarios, and more with this virtual reality real estate. Bloktopia is powered by Polygon, which is powered by the MATIC token. It, unlike Ethereum, enables for low-cost and quick transactions.

The token of Bloktopia is BLOK.  You may use BLOK to make purchases from the NFT Marketplace. This token will get you access to unique events, pre-sales, and staking. Bloktopia is also developing a governance token, BLOKG, with which token holders may vote and support Bloktopia.

Enjin MetaCity (ENJ)

MetaCity is the world’s first free-to-earn NFT real estate, and it’s inspired by the game Minecraft. Metacity currently has only 70 NFT plots accessible for owners to construct various types of enterprises.

Metacity is one of the most popular platforms because of its free NFT drops, which you may earn, resell, or keep forever. It also allows people to play many games at the same time. That means they’ll be able to swap items between the two games. Metacity and Minecraft for this situation.

Another feature of the game is the creator economy. Doing what you enjoy allows users to make a living. Anyone in MetaCity, for instance, will be able to: produce NFT characters and NFT art inhibitions.

In addition, users can spend their cryptocurrency holdings within MetaCity.

Lastly, anyone can begin playing the game without paying anything and collect capital coins, which can be used to purchase NFT plots on the Minecraft server.

Ultra

Ultra is the first fee-free blockchain ecosystem of its type, powering an entertainment platform that brings together diverse gaming sectors and blockchain-enabled services under one rooftop. Ultra’s network will be able to handle much more than 12,000 transactions per second.

Ultra will give you access to a variety of centralized and decentralized services, including the ability to search for, purchase, play, and sell games and in-game stuff, watch live-streaming feeds, communicate with your favorite influencers, enter contests, participate in tournaments, and even more.

$UOS is the native ERC-20 token for Ultra. Uniswap, Bitfinex, Bitrue, Kucoin, and Bancor Network are the places you can buy $UOS. Transactions on Ultra are provided without paying anything and almost instantaneous. Anyone can stake $UOS and receive incredibly rare NFTs as a reward.

Sorare

Sorare is an Ethereum blockchain-based football NFT game. On the Sorare platform, over than 180 football clubs are fully licensed, with new clubs joining week after week.

Sorare is one of the most popular platforms out there because it allows gamers to form a fantasy team using the cards they’ve purchased. Each card showcases a genuine person.

Cardholders will be automatically rewarded with points based on that player’s performance on the actual fields. As a reward, the teams with the most points each week will be able to create new cards.

Finally, you can join Sorare by creating a free account with your email address and participate in the community. Sorare NFT cards can be purchased with a bank transfer or a debit/credit card. Apple Pay and Android Pay are also accepted. Sorare NFT cards are available in more than 40 countries.

These are the most well-known metaverse projects, which you should keep an eye on on a regular basis. Metaverse is rapidly evolving, and crypto enthusiasts should take advantage of this opportunity to learn more about it.

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What is Baby AGI: A Comprehensive Guide For Beginners

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Artificial Intelligence (AI), an omnipresent force subtly weaving through the fabric of modern life, has ushered in a new era of innovation and automation. From virtual assistants like Siri and Alexa to the sophisticated recommendation engines driving platforms like Netflix and Amazon, AI’s impact is unmistakable. A groundbreaking stride in AI’s evolution is the emergence of Baby Artificial General Intelligence (AGI), an advancement poised to reshape our existence by automating a diverse spectrum of tasks. This article delves into the essence of Baby AGI, its mechanics, and the boundless vistas it opens for application.

Introducing Baby AGI: Pioneering Autonomy and Efficiency

Laying the foundation for an era of self-sustaining AI, Baby AGI is a groundbreaking autonomous agent meticulously crafted using the Python programming language in tandem with the OpenAI and Pinecone APIs. This innovative entity possesses the prowess to independently initiate and execute tasks, effectively revolutionizing workflow dynamics. Much akin to its human counterparts, Baby AGI demonstrates the capacity to learn, comprehend, and execute tasks spanning a myriad of domains, distinguishing itself from the narrower confines of specialized AI.

Exploring Baby AGI’s Boundless Potential

While the infancy of Baby AGI’s journey is undeniable, the scope of its applications is nothing short of prodigious. From crafting literary marvels to orchestrating intricate travel plans, Baby AGI promises the ability to undertake tasks demanding a human-like grasp of context and nuance. Crucially, it is imperative to grasp that Baby AGI doesn’t supersede human intellect; rather, it serves as an invaluable tool for task automation, driving productivity gains across domains.

Embarking on the Journey: Navigating the Prerequisites

Utilizing Baby AGI mandates a trifecta of essentials:

  1. Adequate Hardware: While specific hardware prerequisites remain nebulous, a computer boasting a minimum of 4GB RAM is advised to ensure seamless operations. Optimal hardware guarantees expedient task execution.
  2. API Key Activation: Empowering Baby AGI necessitates procuring API keys from OpenAI and Pinecone. This entails simple steps for key generation.
    • OpenAI API Key Generation:
      • Access platform.openai.com, then log in or establish an account.
      • Click the profile icon, selecting “View API Keys.”
      • Create a new secret key with a designated name.
    • Pinecone API Key Generation:
      • Visit pinecone.io and access your account or create a new one.
      • Navigate to “API Keys” on the left-hand side, then proceed to generate a new API key.
  3. Stable Connectivity: Unlike offline AI tools, Baby AGI thrives on an unwavering internet connection, underscoring the need for dependable connectivity.

A Comprehensive Guide to Harnessing Baby AGI’s Potential

The journey commences by embracing the steps outlined below:

Step 1: Python Installation

Begin by installing Python, an essential programming language requisite for executing Baby AGI. Visit python.org, acquire the latest version of Python, and follow platform-specific installation guidelines.

Step 2: Acquiring Baby AGI Files

Through your terminal (Mac/Linux) or Command Prompt (Windows), input “git clone https://github.com/yoheinakajima/babyagi.git” and press Enter. This directive triggers the download of imperative Baby AGI components from the designated GitHub repository.

Step 3: Package Installation

Within the downloaded directory, execute “pip install -r requirements.txt” in the terminal or Command Prompt. This single command orchestrates the installation of essential packages, forming the bedrock of Baby AGI’s operational architecture.

Step 4: Configuration Precision

Upon successful package installation, locate and rename the “.env.example” file to “.env”. This configuration file is instrumental in establishing the operational context for Baby AGI.

Step 5: Enabling API Integration

Edit the renamed “.env” file using a text editor to input your OpenAI and Pinecone API keys. These keys imbue Baby AGI with the prowess to interact with external services, accentuating its capabilities.

Step 6: Igniting Baby AGI

Within your terminal or Command Prompt, input “python babyagi.py” and hit Enter. This catalyst sets Baby AGI in motion, ushering in its active presence and potential for interaction.

Step 7: Catalyzing Interaction

Elevate Baby AGI’s prowess by offering input that encapsulates your AI agent’s designation, the focal domain, and the inaugural task you seek to delegate. This framework defines its mission, enabling adept execution guided by your specifications.

A Glimpse of Baby AGI in Action

Illustrating Baby AGI’s potential, envision a scenario where it functions as a cyber insurance underwriter, identifying vulnerabilities primed for cyber insurance claims. Tasked with grasping cyber insurance nuances and dissecting potential linked.com issues, Baby AGI exemplifies task automation at its zenith.

Navigating Current Usage and Future Trajectories

Though yet to infiltrate commercial applications, Baby AGI captivates researchers and pioneers. Yohei Nakajima’s Baby AGI project harnesses machine learning and reinforcement learning, mirroring human growth patterns. Foreseeing the dawn of advanced educational tools and more sophisticated chatbots, the path forward entails overcoming challenges of safety and ethics.

Concluding Remark

Baby AGI crystallizes the zenith of AI evolution, steering us towards the realization of AI agents mirroring human cognition. Pioneering the realm of task automation, this nascent marvel harbors potent potential. Though in its infancy, Baby AGI pledges to empower and reshape the landscape of productivity.

(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Forbes.)

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What is Wrapped?

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red and white gift box with ribbon bow

Wrapped is a term used in the cryptocurrency industry to refer to a digital asset that represents another asset or currency on a different blockchain. This allows users to trade or use assets on one blockchain, while still retaining the value of the asset on its original blockchain.

For example, the Wrapped Bitcoin (WBTC) is an ERC-20 token that represents Bitcoin (BTC) on the Ethereum blockchain. When a user wraps their BTC into WBTC, they receive an equivalent amount of WBTC on the Ethereum blockchain. This allows them to use BTC in Ethereum-based decentralized applications (dapps) or trade BTC on Ethereum-based decentralized exchanges (DEXs) without needing to transfer the actual BTC to the Ethereum blockchain.

The process of wrapping an asset involves locking the original asset on its blockchain and minting an equivalent amount of the wrapped asset on another blockchain. The wrapped asset is then pegged to the original asset’s value, usually through the use of a smart contract. When a user wants to redeem their wrapped asset for the original asset, the wrapped asset is burned, and the original asset is released back to the user.

Wrapped assets are useful because they allow for interoperability between different blockchains and can increase liquidity and trading volumes for certain assets. They can also enable new use cases for assets that were previously restricted to a specific blockchain.

In addition to WBTC, there are many other wrapped assets, including Wrapped Ether (WETH), Wrapped Litecoin (WLTC), and many others.

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What is Wash Trading?

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Wash trading is a practice that involves buying and selling a cryptocurrency asset for the purpose of creating the impression of greater market activity and trading volume than actually exists. It involves a trader simultaneously buying and selling the same asset to manipulate the price and create a false sense of demand and liquidity.

In the context of cryptocurrencies, wash trading is a fraudulent activity that can deceive investors and traders into thinking that a particular asset is more popular and valuable than it really is. This can lead to an artificial price increase, which can be exploited by the traders involved in the wash trading scheme.

Wash trading is typically used by unscrupulous traders and market manipulators who want to artificially inflate trading volumes or prices to attract other investors or traders to buy the asset. It is also sometimes used to manipulate prices to trigger stop-loss orders or liquidations, which can cause panic selling and create opportunities for the wash traders to profit.

Wash trading is illegal in traditional financial markets, and many jurisdictions have laws against it. In the crypto industry, some exchanges and regulators have taken steps to crack down on wash trading, including implementing monitoring tools to detect and prevent it.

Investors and traders should be cautious of assets with unusually high trading volumes, as they may be subject to wash trading. It’s important to do your own research and use reliable sources of information before investing in any cryptocurrency.

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Disclaimer: ATHCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.