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Etherland to Launch Tecra Space Funding Round

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[PRESS RELEASE – Auckland, New Zealand, March 14th, 2024]

Etherland will be launching a funding round on the blockchain investment platform Tecra Space on April 9.

This campaign will support the continued development of Etherland’s technology, addressing practical challenges within the global real estate industry. The solutions focus on streamlining processes, improving security, and creating greater efficiency for B2B transactions.

The Tecra Space campaign offers investors the chance to participate in this project with a range of investment tiers. Funds raised will directly fuel the expansion of Etherland’s technology and its real-world applications.

Tecra Space: Community-Focused Fundraising

Etherland’s decision to launch its fundraising campaign on Tecra Space aligns perfectly with the company’s goals. Tecra Space specializes in supporting early-stage blockchain projects. Unlike traditional fundraising models, it allows Etherland to raise capital without sacrificing ownership or control of its technology. This approach resonates with Etherland’s commitment to innovation and desire to maintain autonomy.

“Tecra Space shares our vision for decentralized innovation. Their model allows us to accelerate Etherland’s growth while ensuring our technology remains in the hands of our team and the community it serves,” stated Alexis Brand, the CEO of Etherland.

Here are the features Tecra Space offers for early participants:

  • Early Access: Investing early allows users to support cutting-edge blockchain solutions with the potential for growth.
  • Community-Driven: Tecra Space encourages a strong investor community, fostering collaboration and knowledge-sharing around promising blockchain projects.

Tecra Space: Participation Tiers and Rewards

The Tecra Space campaign offers a range of participation tiers, each with unique benefits and rewards. These include:

  • NFT Investment Certificates: Distinctive INVCERT NFTs granting special community status, investor communication channels, and voting power within Etherland’s DAO.
  • Top 15 Rewards: The top 15 contributors receive exclusive NFTs, including those from the “LANDAO” and “Lost Worlds” collections, and the opportunity to mint custom LANDIDs.
  • NFT Lottery: All participants are entered into a lottery with the chance to win valuable NFTs, supporting heritage preservation and unlocking potential future benefits.

A step-by-step guide to participating in the Tecra Space fundraising round:

  1. Starting Out: Interested Users can create a free account on the Tecra Space website.
  2. Choosing Funding Method: Users can select a preferred way to deposit funds – options typically include bank transfer, PayPal, debit/credit cards, or cryptocurrency.
  3. Finding the Etherland Campaign: Users browse through active campaigns on Tecra Space and locate the Etherland project page, of which will be live in the near future.
  4. Exploring the Tiers: Users should carefully review the available investment tiers and their associated rewards to find the best fit.
  5. Making Contribution: Users are to selected the desired tier, enter the amount, and complete the transaction using the Tecra Space wallet.

Etherland: Disrupting the Real Estate Industry with Blockchain Tech

The global real estate industry faces significant challenges, including slow processes, security vulnerabilities, and limited transparency. Etherland aims to address these issues head-on by leveraging the power of blockchain technology.

Here’s how Etherland’s approach offers tangible solutions:

  • Streamlining Transactions: Etherland’s ProApp employs decentralized identifiers, secure document management, and efficient workflows to accelerate the transaction process.
  • Bolstering Security: Blockchain’s inherent encryption and distributed ledger system provide superior protection for sensitive real estate data.
  • Promoting Transparency: NFTs generate tamper-proof records of ownership and property history, enhancing trust between all parties involved.
  • Powering the Ecosystem: The ELAND token plays a crucial role within Etherland’s network, enabling transactions, incentivizing participation, and offering governance rights.

Etherland’s focus on real-world applications of blockchain technology has the potential to streamline operations and create new opportunities within the real estate sector.

Etherland aims to position itself as a virtual real estate market leader.

Beyond B2B: The Estatepedia and Heritage Preservation

Etherland’s ambitions extend beyond revolutionizing business transactions. The Estatepedia is a decentralized, blockchain-based encyclopedia of the world’s iconic landmarks. The Tecra Space funding round will allow the team to improve the technology behind Estatepedia, which relies on NFTs acting as secure digital vaults capable of storing vast amounts of historical data, images, and even 3D models associated with specific locations.

The Estatepedia has the potential to:

  • Preserve History: Create immutable records of cultural heritage sites, ensuring their stories endure.
  • Foster Global Collaboration: Enable communities worldwide to contribute knowledge and enrich the understanding of their local landmarks.
  • Safeguard Knowledge: Protect precious historical information from potential loss or alteration.
  • Impressive Track Record: The landmarks Etherland NFT collection has documented some of the most important landmarks on the planet and has a floor price of over ETH 1 ($3,200), with some sales exceeding $10,000.

The Tecra Space campaign is crucial for making the Estatepedia a reality. The development of secure storage, intuitive document management, and interactive community features directly supports this initiative. Tecra Space participants are early backers of a leading web3 real estate venture that champions the global effort to safeguard our shared human history.

About Etherland

Etherland’s blockchain-powered solutions address tangible problems, offering the promise of streamlined processes, greater security, and a more accessible market. The project’s ProApp has already been used to improve the documentation of real estate and landmarks, but now the team is looking to take the next step.

The Tecra Space campaign allows users to join this journey into real-estate innovation and be part of Etherland’s larger vision to preserve cultural heritage through Estatepedia.

To learn more and participate, join the Etherland community via Telegram, Discord, and X.

A dedicated Etherland landing page will be published on Tecra in the coming days, where users can take part in the raise.

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Cryptocurrency

Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

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TL;DR

  • Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
  • Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
  • Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.

Large Withdrawals and Whale Activity

Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours. 

Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.

One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.

Major ETH Holders Offload Millions Amid Price Rally

In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.

A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months. 

Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578. 

Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.

Network Activity on the Rise

CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.

Ethereum (ETH) Tokens Transferred (Total)
Source: CryptoQuant

Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period. 

At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.

Ethereum (ETH) Staking Inflow Total
Source: CryptoQuant

In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.

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Cryptocurrency

Massive DOGE Whale Activity Hints at $1 Breakout

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TL;DR

  • Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
  • A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
  • DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.

Price and Market Moves

Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion. 

Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.

On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.

Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.

Heavy Whale Buying and Large Transfers

As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community. 

Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.

Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.

Sentiment Building

Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding, 

“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”

With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.

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Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

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XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.

Technical Analysis

By ShayanMarkets

The USDT Pair

On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.

Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.

However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.

This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.

The BTC Pair

Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.

This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.

That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.

 

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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