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   486

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.

Bakkt to be Launched in December

It is also reported that Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure
19 October 2018   53

The expected launch of the Bakkt will take place on December 12 of this year. It is reported by The Block, citing informed sources.

Also, the material states that the investment bank Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure. At the same time, the bank is considering the possibility of trading futures on a new platform.

In a recent Fortune interview with Bakkt, Kelly Lofler said that the cryptocurrency market is on the verge of a revolution comparable in size to the one that occurred on the energy market in the early 2000s.

Greater institutional participation in the digital asset markets requires secure and regulated custody solutions. We are impressed by BitGo’s product, unique services, and the management team. We view our investment in BitGo as an exciting opportunity to contribute to the evolution of this critical market infrastructure.
 

Rana Yared

Managing director, Goldman Sachs’ Principal Strategic Investments group

Bakkt is a cryptocurrency unit of the Intercontinental Exchange (ICE), which is the operator of the New York Stock Exchange. Giants such as Microsoft and Starbucks are taking part in creating of the new project, which is positioned as an “ecosystem for digital assets”.

The new platform will offer deliverable bitcoin futures to the market (unlike the settlement contracts for CBOE and CME, these are based on the underlying asset). The platform will support multiple fiat currencies.