CryptoDragons Dominates the Blockchain Space with First-Ever Decentralized, Ethereum-Based Battling Arena, earning NFTs and the blockchain DNA
CryptoDragons has brought innovation to the NFT (Non-Fungible Tokens) market with its first-of-its-kind, decentralized Metaverse based on 9 interwoven smart contracts on Blockchain. The technology incorporates a Battling Arena where NFT owners can compete for ETH or a rival’s dragon.
For the emergence of the Metaverse, there must first be the minting of an Egg, then hatching. After it the full package of the system unfolds – users can perform various activities such as collecting, breeding, fighting, renting, giving away dragons, and most importantly, earning.
Buying a firstborn dragon Egg means having an Eggshell and the dragon NFTs later. After hatching, there will be three Common, Epic, and Legendary dragons, and the fourth Rare type will be the result of breeding. However, only the Legendary dragons are earning: all Legendary owners will constantly receive 50% of the platform’s breeding earnings. So, the Legendary NFT dragon holders have the opportunity to generate income just by keeping them.
The CryptoDragons team developed a Metaverse with breedable and collectible NFT dragons but also incorporated linguistic specifications such as dragon language (called Kassis), alphabet, grammar rules, phonetics, and more.
The CryptoDragons Metaverse combines entertainment with high-quality art and the application of high-end technology. The technical capabilities of the technology guarantee traceability, transparency, and security.
CryptoDragons deploys the use of an IPFS storage to store users’ NFTs, making it impossible for all captured metadata to be changed after their creation. This guarantees every user 100% ownership of their NFTs. CryptoDragons’ NFT dragons have the highest possible resolution on the Ethereum Blockchain. This implies that a user can zoom in to get a broader view of the dragon while the image still retains its sharpness.
How the CryptoDragons Metaverse WorksDragon Types:There are three (3) basic types of dragons that are hatched or produced from the Eggs – Common, Epic, and Legendary. And as it was mentioned before, the fourth Rare type will appear as a result of breeding.
‘Commons’ possess the basic 15 genes, ‘Rares’ possess gene collection between 16-19 and ‘Epics’ have between 20-24. Only the Legendary Dragons have the entire 25 basic genes.
Egg Purchase and Hatching:The Metaverse presently has 10,000 NFT Eggs for purchase. All of the Eggs are unique with different genetic combinations, graphically generated using AI (Artificial Intelligence) algorithms. A user can purchase (mint) Eggs out of 10,000 limited Eggs available on the platform.
After minting the Eggs and hatching them later, Egg holders will get a dragon and the Eggshell NFTs.
The Battlefield (Arena):The Arena section is where owners of dragons can put them up for battle. It is a complete blockchain-integrated wrestling ground for NFT dragons. Their owners may either lose them completely or get their rival’s dragon as well. In case two sides have agreed on ETH, the winner will get the agreed amount as a trophy.
Plan(s) and Future Prospect(s)The company plans to take over the blockchain world with its comprehensive roadmap, detailing the various stages of the projects. The new Metaverse, including its breeding, battling and other functions, will be available on iOS and Android platforms with the upcoming updates. Besides other forthcoming developments, CryptoDragons has announced that there will be a complete expansion of the Metaverse functionality to help improve user experience and make the platform more interesting.
After hatching, all Egg owners will be receiving their first sets of dragons (the Common, Epic, or Legendary) which they can use to breed and battle with, to get the Rare dragons, and earn ETH or extra dragons, via the Marketplace and Arena sections.
How to sell Tether in Prague?
Stablecoins are gaining popularity rapidly, and more people are discovering them. So, if you already know the pros of stablecoins, such as Tether, you must know how, where, and when to buy and sell USDT. So if you are looking for a place to sell Tether in Prague and want to know all the peculiarities of selling USDT, this article is for you!
Let’s first talk about what exactly Tether is. Tether is, as it was mentioned before, a type of stablecoin. Stablecoins are cryptocurrencies backed by some other currency, in the case of the tether – the US dollar. This makes the currency relatively stable because its value is not changing as much as Bitcoin or Ethereum. So if you are looking for a decentralized currency that would at the same time be stable, you should definitely consider buying Tether.
Let’s assume you already have stablecoins, and now your question is, “how do I sell my USDT?”. Although for some, it might be unclear how to sell Tether, in fact, the process is straightforward and available for anyone. There are many options to buy and sell stablecoins, but the crypto exchange is the easiest and fastest way to sell USDT.
Many wonder how to sell Tether for cash and if it’s possible. And the answer is “yes, it is!”. Special exchange services will allow you to buy and sell your coins for your preferred currency.
Since all exchanges work similarly, we will focus on exchanges in Prague. One of the best places to sell Tether in Prague is B2Cash. This exchange allows you to buy and sell Tether in just a few minutes. B2Cash is one of the most reliable platforms which will enable you to sell Tether in the Czech Republic. Thanks to its easy and initiative mechanisms, even those who have never dealt with selling crypto can do that easily. All you need to do is to find the exchange’s website and contact the manager to find out about the temporary rate. The manager will provide you with all the necessary information and guide you so you can sell your Tether in a few minutes. Many people choose B2Cash to sell Tether for cash in Prague because it also offers its users very affordable commissions.
Now that you know where to sell your Tether, you might wonder when to sell and buy USDT. Although USDT is a stablecoin, its value, as any other currency, can still change. So it is essential to do your market research before selling any asset. By regularly doing your research, you will be able to analyze the current situation and decide whether it’s suitable for selling or buying your Tether. The good news is that buying Tether is as easy as selling it, and it can also be done at the same crypto exchange.
Summing up, dealing with cryptocurrencies and stablecoins is much easier than it seems at first glance. You should simply know how to buy and sell it, find your reliable exchange, and do your research! I hope that now you have no questions about selling and buying tether, so it’s high time to join the crypto market.
Apple forced Coinbase to remove NFT transfers
Apple NFT news: Coinbase said Apple is demanding a 30% tax on the gas fee used for NFT transfers. NFT coinbase wallet users can no longer send NFTs due to Apple’s interference.
Coinbase said it could not meet the requirement even if it tried because the iPhone maker’s own in-app purchasing system does not support cryptocurrency. Note that the current stock price of Apple was not affected by the situation.
Users affected by this decision, i.e. iPhone owners, will find it “much harder to transfer this NFT to other wallets. Coinbase added that the blockage may have been an oversight, and urged Apple to contact the company with any questions.
Coinbase first announced the NFT coinbase wallet in December 2021, giving users access through the app to trading platforms such as OpenSea. The NFT token issuance and trading platform was conceived as a peer-to-peer marketplace equipped with social platform functionality. This feature should help community members find new NFT tokens and collections.
In November, Apple updated the App Store’s NFT rules, so developers can now sell tokens they have placed on the App Store. However, the new rules prohibit using cryptocurrencies, cryptocurrencies, and QR codes to unlock features in the app. Also, development companies must have a license to operate in the country where the app is sold.
Earlier, we reported that crypto investors intended to achieve the arrest of FTX through protests.
Tether says its USDT loans are “over-secured”
Tether, the issuer of the USDT stablecoin, claimed that the USDT loans it issues are characterized by overcollateralization. This was the project’s response to a recent Wall Street Journal study. In it, WSJ analysts expressed fears that Tether’s current lending practices could trigger a new crisis in the crypto industry.
According to WSJ, Tether lends its own USDT Coins to customers without exchanging them for hard currency. As a consequence, in the event of a crisis, the company may not have enough long-term liquid assets to repay the money you borrow USDT and redeem these coins. So it makes sense to apply for USDT loans to companies that offer the opportunity to pledge various stocks of large companies. For example, at the current stock price of Amazon or another corporation.
Such fears are understandable amid a steady stream of news about the collapse of the FTX crypto exchange and its implications for the crypto market. In particular, the ensuing market collapse may have also contributed to the “erosion” of Tether’s collateral.
In response to these accusations, the project published a post on Twitter with the eloquent title “The hypocrisy of the mainstream media falling asleep at the information wheel.”
The project’s management believes that the WSJ analysts are completely mistaking the USDT kinoin itself for the collateral backing it. Meanwhile, “Tether’s secured loans are characterized by over-collateralization and are even backed by additional equity if necessary.”
According to the company, 82.45% of its reserves are currently held in U.S. Treasuries and other cash equivalents. Meanwhile, the decline in the USDT token is irrelevant to the value of loan collateral. Such fluctuations in quotations are only relevant to the exchange value of the coin itself.
Recall that the project boasts the longest list of accusations against it about insufficient collateralization of its stablecoins and/or lack of transparency of information on this topic.
We previously reported that hackers have stolen $3.37 billion worth of cryptocurrencies since the beginning of the year.
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