A new blockhain-based AR game to establish new virtual economy

Mossland uses blockchain to confirm trade transactions of AR and VR real estate assets
19 March 2018   414

Mossland announced its ICO to launch on March 21. The announcement follows the success of pre-ICO in January. The project is a blockchain-based AR/VR game that is unique of its kind as it allows the players to buy and sell virtual properties like Eiffel Tower or Empire State Building. The blockchain provides transparency and security as utilizing Mossland native token MossCoin (MOC). These assets are to be recorded on Moss Chain specifically designed for AR/VR assets.

Moss Chain is a very exciting technology that stands to dramatically reshape our increasingly digital world. We're now building a completely new ecosystem that will inspire a creation of the new creative projects such as Mossland and will completely reshape the gaming market.

 

Louis Jinhwa Kim

Blockchain Advisor, Mossland

The game assumes a centralized hub called Action House where the players can advertise the sale or buy offers and thus initiate a trade process. This hub will also confirm the trade details so that the players don't have to trust each other and be sure that exchange is fair. Moreover, with the release of Google Maps API, the game will combine the mechanics of Pokemon Go. Overall, a new kind of virtual economy is to arise in the near perspective with assets created and traded by the players themselves.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   137

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.