VR Platform High Fidelity to сreate Virtual World on EOS

Virtual reality platform High Fidelity hopes that using blockchain they can reach an audience of a billion people and have raised $35 million to do so
29 June 2018   1242

During Series D fundraising round a $20 million investment by Mike Novogratz’s Galaxy EOS Ecosystem Fund was gained. Also there were attracted such existing investors such as Breyer Capital, IDG Capital Partners and Vulcan Capital. 

The CEO of High Fidelity, Philip Rosedale is also known as the creator of the highly popular virtual world Second Life. He is creating a blockchain infrastructure to back a billion VR customers and has already constructed a native cryptocurrency and digital-asset registry.

The High Fidelity platform is currently in beta, so it has been partly launched. The headsets that will really take us into the big consumer market are not available just yet. A lot of our early focus is on location-based facilities.
Philip Rosedale,
CEO, High Fidelity

In the virtual reality, the users will access tokens regulated by a tablet-like device to purchase goods licensed by real-world merchants. Rosedale provides the scenario of a person wanting to look cool in VR acquiring a pair of Rayban sunglasses. The purchase and virtual sunglasses would then be recorded by the merchant on the EOS blockchain platform. 

The head of strategic partnerships (Galaxy Digital), Sam Englebardt claimed on the matter: 

It’s a global phenomenon that fundamentally requires a trustless consensus mechanism for currency, property and identity.
Sam Englebardt
Head of Strategic Partnerships, Galaxy Digital 

High Fidelity is aimed to enter in the Metaverse or the universe of virtual reality worlds. Rosedale ran Second Life in 2003, and this gave birth to a cryptocurrency named Linden dollars. That produced above $4 billion globally in virtual transactions. For the new virtual world, he will use blockchain to create a token called High Fidelity Coin. It is a stable coin paired to the US dollar,  the digital money will be needed to apply the VR platform.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   122

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.