End of Month Roundup: Cryptocurrency Winners and Losers in May 840

Top performing cryptocurrencies in May were Bytecoin, Zilliqa and Decred. While Cardano, Nem and Qtum suffered the heaviest losses.

As we pass into another month in crypto land it is time to evaluate May’s winners and losers. After solid gains throughout April, May was set to build on them and send crypto markets higher again. It didn’t happen and the bears regained control pushing them all back down again from highs on the 6th. May has largely been a month of decline.

Total crypto market capitalization has fallen in May from around $418 billion on the 1st to $328 billion on the 31st. This equates to a loss of 21.5% as 90 billion dollars flooded out of crypto and back into fiat. Since the peak in January, crypto markets had lost 60% by the end of May, around $500 billion. For the past 3 months they have been oscillating between $270 and $470 billion, unable to break out in either direction.

Bitcoin has played the pied piper and led the markets down falling from $9,200 at the beginning of the month to around $7,500 at the end of it. This represents a fall of 18.5% which is slightly less than that for all cryptos indicating that altcoins have had a worse time in May. Bitcoin trade volume has also fallen from around $8.5 billion to $4.5 billion during May; this has knocked its market cap down by 18% to $128 billion. Bitcoin’s market dominance increased marginally in May from 37.7% to 39%.

May Crypto Winners

An epic pump caused by a Binance listing made Bytecoin one of the very few cryptocurrencies that ended May at a higher level than it started. BCN made 19% in May from $0.0055 to $0.0065; in satoshi levels this privacy focused coin did very well climbing 53% from 58 to 89 satoshis. Bytecoin surged into the top 25 and ended May at 20th spot with a market cap of just over $1.2 billion.

Zilliqa is one of the few other coins in the top 30 that has ended May higher than it began. Up 10% from $0.010 to $0.011 ZIL was also listed on a number of exchanges which gave it the pumps. Against Bitcoin Zil climbed 36% from 1100 satoshis to 1500 satoshis, its market cap at the end of May was $830 million.

Decred also needs a mention as it gained 12% in May from around $80 to $90 at the end of the month. DCR made solid gains against BTC also rising 35% from around 920000 satoshis to 1220000 over the 31 days. Decred is ranked at 29th spot with a market cap of $660 million.

May Crypto Losers

Ethereum has not fared as badly as Bitcoin during May but has still lost around 16% from a trading level of $670 at the beginning of the month to $560 at the end of it. This had the result of knocking $11 billion off its market cap as all cryptos fell in unison.

Ripple’s XRP has taken a beating in May dropping 27% from $0.82 to $0.60. As usual the company continues to forge a way into the banking system with new partnerships but this has had little effect on its cryptocurrency price. If any token should do well it would be the one that is being used in real world situations and should be XRP with the xRapid system. This hasn’t been the case though for Ripple.

Bitcoin Cash began the month trading at around $1,300 and ended it 25% down at around $980. BCH peaked at $1,840 on May 6 leading up to its mid-month hard fork but this was not enough to stop the downward slide that followed.

EOS has dominated the news in recent weeks with the launch of its mainnet but this did not stop the coin shedding almost 30% in May. Starting out trading at around $17, EOS had fallen to around $12 by month end. Against Bitcoin however it has only lost 16% falling to 162000 satoshis at the end of May.

Litecoin has followed the rest of the cryptos by falling in May. No news has emerged for the world’s 6th most popular digital coin which saw prices plummet from around $145 to $117 during the month. The 20% loss is in line with the general fall in crypto markets during May.

Cardano took a heavy hit in May shedding 38% from $0.34 to $0.21. ADA is more volatile than most altcoins as it climbs quicker but falls harder, against BTC is lost 23% ending at 2860 satoshis. Likewise Stellar Lumens suffered heavy losses in May dropping 36% from $0.42 to $0.27. Against Bitcoin XLM fell 18% to 3760 satoshis at the end of May.

Iota lost 17% in May sliding from $1.9 to $1.57 over the 31 days.  Against Bitcoin however it remained stable at around the 21000 satoshi level, making it one of the few coins that did not lose out to BTC in May. Previously well performing Tron lost over 30% in May falling from around $0.090 to $0.062. In satoshi terms the loss was around half at 15% from 1000 sats to 845 sats over the month.

Neo took a pasting in May falling from $80 to $51 over the month. The dollar loss equates to around 36%, the Bitcoin loss was around 22% with Neo ending the month at around 700000 satoshis. Monero also got battered losing 34% from $235 to $155 in May, and Dash fell by the same percentage ending the month just over $300.

Nem got beat up in May along with the rest falling 38% from $0.39 to $0.24. VeChain lost 23% ending the month at around $3.40 and Binance Coin just below it shed around 10%. Ethereum Classic dropped 28%, Qtum got battered 40% falling from $22 to $13, and just outside the top 20 OmiseGO lost 37%.

Similar losses were suffered by Icon down 34%, Zcash losing 11%, Lisk down 32%, and rounding out the top 25, Ontology losing 21%.

The majority of cryptocurrencies fell in May, with only a handful of smaller ones doing well as major exchanges listed them. Overall losses in May were not as bad as March but most of the gains made in April were wiped out and markets were generally bearish at the end of the month. To summarize, the biggest winners in the top 30 in May have been Bytecoin, Zilliqa and Decred with Cardano, Nem and Qtum suffering the biggest losses.

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Utherverse Partners with Leading Blockchain Platform Tokensoft to Launch International IDO for Much Anticipated Metaverse Native Token 1064

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Uther Coin (UTHX) now available on Tokensoft

NEW YORK, Nov. 30, 2022 – Utherverse, one of the largest metaverse platforms in the world, has signed a partnership agreement with Tokensoft, Inc., the leading technology platform for launching digital assets on the blockchain, to offer the first and second pre-sale rounds of the Uther Coin (UTHX) as part of the token’s initial decentralized offering (IDO).

Uther Coin will be the primary token used for transactions throughout the next generation Utherverse Software Platform. Utherverse powers the most popular and advanced metaverses ever built, and as such, Uther Coin will be needed by everyone accessing what will be the preeminent Metaverse as of next year.

As part of the agreement, a pre-sale of Uther Coins will be made available to buyers outside the United States and Canada beginning December 1. Interested persons should go to https://www.utherverse.io/UTHX to get approved and listed for the sale.

“Tokensoft has proven itself a credible resource for IDOs that delivers on its promises and the recent launch of its Web3-enabled platform makes it one of the strongest performers out there,” said Brian Shuster, founder and CEO of Utherverse. “We are anticipating a tremendous response to Uther Coin from our international community. Utherverse is going to significantly change the metaverse landscape once again, and our coin will likely be a top performer among all IDOs on the platform as we approach the launch of the next generation of the Utherverse metaverse.”

Founded in 2017, Tokensoft is a technology platform for creating and managing digital assets, based in Austin, Texas. The Tokensoft platform helps customers to comply with applicable regulations internationally to access a global userbase. To date, Tokensoft has helped create over $18 Billion in market capitalization with projects such as Avalanche, The Graph and Moonbeam.

Utherverse is a metaverse platform that enables developers to build interconnected virtual worlds, provides hyper-realistic immersive experiences for consumers and opportunities for companies to market and monetize their products and services. Utherverse generates revenue from custom metaverse building services, sales of NFTs and a variety of business verticals including advertising/marketing, shopping/retail, conferences/conventions, education, dating, lifestyle, entertainment events/performances, VIP experiences and virtual offices. The Utherverse platform was launched in 2005 by internet visionary Brian Shuster. A beta version of the next generation Utherverse platform is expected to launch in early 2023. The platform has served 50 million+ users with 32 billion+ virtual commerce transactions. Utherverse has developed the technology and received more than 40 patents critical toward operating large-scale metaverses. The company is based in British Columbia, Canada. More information can be found online at Utherverse.io; Twitter/Instagram: @Utherverse; Facebook: /UtherverseDigital; LinkedIn: /utherverse-digital-inc/; Telegram: /UtherverseAnnouncements; Discord: /Utherverse.io.

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Note: Digital assets to accompany this story are available at http://utherverse.pressrep.net.

Contact:
Steve Honig
The Honig Company, LLC
818-986-4300
[email protected]

Dash 2 Trade presale raises over $7.5M, ends soon due to unprecedented demand 1222

Crypto-intelligence platform Dash 2 Trade continues to make waves after announcing that it will soon end its presale due to unprecedented investor demand.

With over $7.5 million in funding raised since the presale commenced, Dash 2 Trade’s team has opted to bring forward the platform’s release to aid traders and investors during today’s volatile trading environment.

All eyes will be on the development team’s next move since major centralized exchange (CEX) listings and a dashboard beta are now confirmed.

Unprecedented market conditions prompt hard-cap revision

Most (if not all) crypto investors will be aware of the ongoing volatility stemming from FTX’s collapse. This volatility has created a challenging investment environment for everyone — but particularly for beginner traders.

Due to this, Dash 2 Trade’s team has opted to cut the presale hard cap to $13.4 million. This means that the presale phase will end after Stage 4 rather than Stage 9, which was initially planned.

At the time of writing, Dash 2 Trade is still in Stage 3, meaning early investors can buy D2T tokens for just $0.0513. However, once the presale moves into Stage 4, D2T’s price will increase to $0.0533. Ultimately, this means that purchasing D2T now will enable investors to get in at the lowest price point possible.

Upcoming beta phase for Dash 2 Trade’s features

The creation of Dash 2 Trade’s crypto analytics ecosystem has gathered pace in recent weeks, with the development team revealing that the ecosystem will be ready to launch much quicker than initially anticipated.

As per Dash 2 Trade’s roadmap, certain features will enter a beta phase in the coming weeks, enabling traders and investors to get a taste of what the complete ecosystem will offer.

To this end, Dash 2 Trade has bought on board Ilyes Kooli as the project’s new chief technology officer. Kooli has extensive experience within the crypto market, having previously held a prominent role at ConsenSys.

By combining Kooli’s expertise with the experience of Dash 2 Trade’s team, there’s a genuine belief that the upcoming crypto analytics platform could reshape the trading experience for millions of investors worldwide.

Major CEX listings are already confirmed

However, Dash 2 Trade isn’t stopping there. Recently, major CEX LBank announced that it would list D2T tokens “soon.”

Not only that, but BitMart has also opted to get on board and will soon list D2T tokens.

LBank and BitMart are both listed by CoinMarketCap as two of the world’s top 25 crypto exchanges as measured by daily trading volume. With over 3.3 million weekly visits between them, the listing of D2T is sure to dramatically boost awareness.

However, as noted on Dash 2 Trade’s website, the team plans to make this just the beginning of a historical journey by facilitating additional centralized and decentralized exchange listings in Q1 2023. The liquidity these listings provide would be a significant driver of price, which is why investors worldwide are so hyped about D2T’s future.

An all-in-one crypto analytics ecosystem set to revolutionize the industry

But why are CEXs so eager to list D2T tokens ahead of the project’s official launch? The main reason for this appears to be Dash 2 Trade’s unique use case, which is needed more than ever following FTX’s collapse.

Dash 2 Trade’s ecosystem has been specifically designed to help traders navigate challenging market conditions. The ecosystem’s features empower traders to identify trending cryptocurrencies and develop strategies to trade them effectively.

In addition, Dash 2 Trade will feature a custom-built presale scoreboard that employs an array of metrics to help traders assess whether a new project is up to scratch. The ecosystem will even offer regular trading signals and an exclusive Discord server where individuals can network and share ideas.

Since Dash 2 Trade is being developed by the team behind Learn 2 Trade, a 70,000-strong trading education company, there’s a fundamental belief that the platform could become the go-to for beginners and advanced investors.

New website and community manager highlight Dash 2 Trade’s ambitions

Dash 2 Trade’s development team hasn’t just been focusing on the analytics ecosystem — they’ve also made some huge moves from a marketing perspective.

Firstly, Dash 2 Trade has recently launched a brand-new website, complete with a breakdown of what the platform does and how investors can get involved in the ongoing presale. The website also provides access to Dash 2 Trade’s white paper and roadmap.

Moreover, Dash 2 Trade’s team has a clear focus on safety and reliability, evidenced by the contract code being fully audited by SolidProof. The team is also Know Your Customer-verified by CoinSniper.

Secondly, Trevor M. has been brought on board to expand Dash 2 Trade’s reach and grow its social channels. Trevor is a well-known video producer working for CoinMarketCap and runs a successful YouTube channel.

Trevor’s knowledge of the crypto market and ability to simplify complex topics will likely be invaluable when introducing new traders to the Dash 2 Trade ecosystem. For those already familiar with it, this is another massive step toward making Dash 2 Trade a global phenomenon.

How to buy D2T — A quick step-by-step Guide

Those looking to get involved in the Dash 2 Trade presale and buy D2T tokens at a discount can do so by following the four steps below:

  • Step 1 — Create a crypto wallet: Download and set up a MetaMask wallet (desktop users) or a Trust Wallet (mobile users). Once set up, import the D2T token contract address, which can be found on the Dash 2 Trade website.
  • Step 2 — Obtain Crypto: Buy Ether (ETH) or Tether (USDT) from a broker or exchange or using a credit or debit card directly through D2T’s website.
  • Step 3 — Link wallet to the presale dashboard: Click “Connect Wallet” and follow the instructions.
  • Step 4 — Buy D2T tokens: Click “Buy with ETH” or “Buy with USDT” and confirm the transaction.

Website: https://dash2trade.com/
White paper: https://dash2trade.com/assets/documents/Whitepaper.pdf

BankLine Expands Partnerships in Wake of FTX 1357

In light of the recent bankruptcy of FTX and their affiliated companies, which may have repercussions for banks with similar liquidity exposure, BankLine ensures its clients maintain stable banking by increasing its portfolio of crypto-friendly partner financial institutions.

BankLine recently added two additional crypto-friendly partner banks to their portfolio, providing a level of redundancy and stability to their clients which cannot be achieved by a single bank provider.

Operating under a more conservative business model, BankLine’s partner banks avoid lending to riskier sectors of the cryptocurrency industry, averting potential bankruptcies such as those recently experienced by FTX.

BankLine and their partner financial institutions are well-positioned to continue servicing their customers. Each of BankLine’s partner banks are well-capitalized, FDIC-insured financial institutions which strictly adhere to all federal regulations.

Over 15 years of MSB and high-risk banking provide the experience, insight, and motivation for BankLine to continuously seek quality bank partners, ensuring their clients always maintain stable banking relationships that allow them to scale their business.

Expanded Services

BankLine has also recently added cannabis-friendly banks to their portfolio, allowing crypto ATM operators the ability to confidently operate in licensed cannabis-related businesses.

As crypto ATM businesses expand into new markets and opportunities, BankLine’s services continue to evolve to support their customers’ needs, making BankLine the leader in crypto-friendly banking and cash logistics services.

“Our extensive history in the MSB banking sector makes us keenly sensitive to industry and bank volatility. Our key objective is to provide our clients with secure banking partners should any potential disruption arise. By providing our clients with banking redundancy, they have security and peace of mind which allows them to focus on other aspects of their business,” said Mark Ochab, President and CEO of BankLine.

About BankLine

BankLine is the only crypto-friendly banking solution that offers a portfolio of redundant financial institutions willing to serve the varied needs of the crypto industry. BankLine’s network of crypto-friendly banks and services helps mitigate the threat of bank discontinuance and provides ongoing, sustainable, and scalable banking and support services.

Each BankLine customer has a direct relationship at an FDIC-insured depository institution. The accounts are titled in the business entity’s name and are exclusive for the entity’s activity.

By contracting with more than 350 Cash Vault facilities managed by Loomis, Brinks, and Garda. BankLine’s banks currently provide service to more than 32,000 BTM locations in the continental U.S., Hawaii, Alaska and Puerto Rico.

In addition, BankLine’s partner banks provide over the counter services for online crypto companies.

Learn more at bankline.com

Xult: A gateway to an ultimate crypto trading platform 1331

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Following the greatest revolution of the 21st century, decentralization of the financial institutions came into the picture. This led to the creation of various other cryptocurrencies and multiple digital exchange platforms for the trading of decentralized cryptocurrencies.

Since then various crypto exchange platforms were introduced to the public. However, there were only a few platforms that provided the liberty of trading in the hands of the traders. Xult is one such platform that runs with the motto of allowing traders to trade the way they want.

With the team’s continuous efforts Xult has been launched as an intuitive platform. Users can enter one of the most hassle-free and user-friendly cryptocurrency exchanges and enjoy the perks of various trading tools by going through a simple registration process on the platform.

A stand-out modular dashboard

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The whole new dashboard of Xult is curated to provide users with the ultimate usability. The easy-to-use interface of the platform makes it easier for both newbies and experts to trade seamlessly on the platform. Besides the dashboard, the performance trading screen is also fully modular, resulting in users experiencing a customizable workflow that matches their needs.

With various options, and filters, available on the dashboard, traders can change the layout of the page and choose the visible tabs, and fall in love with the simple yet advanced personalized dashboard accommodating their specific preferences.

Keeping digital safety at utmost priority, Xult offers a trustworthy Identity Verification Service, where traders can take advantage of Two Factor Authentication (2FA). The latter is a great tool for users to lock their accounts with not only passwords but an additional verification layer. This way users can get access to the ultimate trading dashboard without having to worry about their account security.

Favorable price charts

Xult provides users with a price chart created by TradingView to ensure accuracy and consistency. The chart is compatible with all users from beginners to experts. There are various features applied on the price chart toolbar that make trading easier.

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Users can spot a currency selector on the top of the price chart and pick their favorite cryptocurrency pairs along with some convenient shortcuts. Additionally, users can also just tap on the ticker symbol of the currency in which they are interested to trade. Besides the currency, there’s a basic information section about the chosen digital currency, such as 24h change, the highest and lowest 24h prices, and the corresponding volume.

Surrounded by toolbars, the price chart gives an insight into the technical analysis tools. The top and bottom ones enable users to choose the style of the chart and set some basic parameters, such as the time interval and visible indicator panes. The left-hand one incorporates various drawing tools for users to conduct advanced technical analysis.

Key features and its use-cases

Xult comes in with some unique features, along with its use cases that make trading a cakewalk.

  • Privacy coin support: Xult works with a mission to safeguard users’ privacy and offer cryptocurrencies that take protection very seriously. This way the platform helps users to trade on the platform without worrying much about security.
  • Confidentiality: The algorithms are designed in a way to ensure that users can verify the credibility of the transaction. This will not only benefit the user community, but also secure traders’ sensitive information without any need for expansive collection and storage. The Know Your Client regulations, makes it easier for the platform to collect data that are absolutely necessary to protect the users against scam or otherwise illicit transactions.
  • Fees minimization: Xult offers users massive discounts for their transactional fees. To be a part of this massive discount, users just need to choose the EXCC cryptocurrency and avail of the 50% fee reduction. EXCC is not just another altcoin, but the continuous development and enhancement services add more value to the overall project.

About Xult

Xult is a decentralized cryptocurrency exchange platform that comes with a user-friendly UI/UX. The Xult ecosystem is integrated with both Xult and ExchangeCoin (EXCC). The latter has been in the market for almost 5 years and has built an excellent user community so far. EXCC is a decentralized and open-source token that readily verifies its code and its developer’s intentions.

When it comes to Xult as a platform it offers users various features and use cases aforementioned. These features offer multiple advantages to the users such as ‘quick trading’ which enables traders to place orders of their choice, ‘wallets’ which keeps a check on the balance of digital currencies in the wallets, and the ‘history’ tab for tracking all the previous transactions.

Additionally, ‘Performance Trading’ ensures users are opened to an advanced interface that enables placing orders with specific parameters. With the ‘market’ feature, traders can access the table which highlights the quotations for all pairs of digital currencies supported by the platform.

All these summed up together provides ground for Xult being a hassle-free trading platform along with the users enjoying the liberty of optimum trading.

For more information on Xult, visit the following:

Website: https://xult.com/
Twitter: https://twitter.com/XultExchange
Telegram: https://t.me/xult_com
Discord: https://discord.com/invite/3Zs8AfqUby

CrossTower to Acquire BEQUANT and Launches the Industry First ESG Crypto Fund 1141

CrossTower, the global cryptocurrency trading platform, announced that it has reached an agreement to acquire BEQUANT, a leading prime brokerage and digital asset exchange, for an undisclosed amount. CrossTower also announced the launch of the first ESG Crypto Fund, in partnership with the Lydian Group, to invest in and rebuild companies that have promising futures.

BEQUANT, with its institutional trading and prime brokerage platform, will enable CrossTower to expand its suite of professional grade products for a global market, covering the US, Bermuda, Europe, Latin America, and Asia. Through this acquisition, CrossTower will add over 600 professional exchange clients, generating over $400 billion of yearly turnover with more than a dozen exchanges connected to its platform.

The ESG Crypto Fund will invest in companies focused on:

1) Environment – The industry must become smarter at managing energy costs, given the reduced asset pricing and the overall cost of energy.

2) Social – The industry image has been tarnished by a few players’ greed. We need to put the people and the democratization of finance back into the center of what makes crypto important.

3) Governance – The biggest failure of the companies in trouble today has been the human failure. There needs to be proper governance – a proper board structure; related party checks and balances; and traditional business expertise. Crypto companies need to change to recreate value.

This transaction has been backed by the Lydian Group, founded by tech industry veterans Gerard Lopez, Co-Founder of Mangrove Capital and global tech investor, and Greg Fishman, tech entrepreneur and software architect in AI technology.

The Lydian Group leadership and board includes:

  • Chris Davis – Chief Marketing Officer and Senior Vice President of New Balance
  • Lars Fjeldsoe-Nielsen – Founder of 2xN and former General Partner of Balderton Capital
  • Gavin Patterson – President and Chief Strategy Officer of Salesforce and former British Telecom CEO
  • Mark Tluszcz – Co-Founder of Mangrove Capital Partners and Chairman of Wix.com
  • Alex Zubillaga – Founder of 14W Capital, formerly an Executive at Warner Music Group, and Advisor to Spotify

Lydian Group sees a massive opportunity for a clean and necessary reset of the digital asset market. The last few months have shown the limitations brought to the market by the lack of experience of many founders in managing assets and customer funds; amateur governance models; a lack of reporting; a lack of transparency; and, in general, reckless behavior of stakeholders with large asset pools. This reset can only happen around management teams that are experienced in building traditional money management processes, while embracing new asset classes, innovative technologies, and a deep understanding of necessary regulations and processes.

The Lydian Group founders have established some of the largest players in this space from media to digital wallets and metaverse development companies. Lydian Group’s media arm is Cointelegraph, which boasts a 44% market share and over 130 million users globally. It is an absolute powerhouse when it comes to informing and educating the crypto and digital asset industry. Other companies controlled by the founders include Verse Estate, Seamm, Stevia, Coin360, and others.

Through this acquisition, CrossTower will now become a focal point for the industry reset and consolidation, using its newly launched ESG Crypto Fund.

Kapil Rathi – CEO of CrossTower said: “We are stabilizing an industry with incredible promise; regaining trust; and rebuilding the future of finance. Rebuilding requires capital and a management team with regulatory and operational expertise. With the launch of our fund and the BEQUANT acquisition, we are positioning CrossTower to lead the growth of this industry, with proper regulatory oversight, integrity, and accountability.

George Zarya – Founder and CEO of BEQUANT said: “The market requires consolidation for the next stage of its maturity. Undoubtedly, the market will continue to grow and evolve with stronger regulation and with larger balance sheets, and it will earn back the trust of investors. We are uniquely positioned to bridge the gap with traditional finance and to modernize financial infrastructure. The combination of BEQUANT and CrossTower will allow us to have a truly global reach.”

Gerard Lopez – CEO of Lydian Group said: “We have watched how this industry, which has massive potential to change global finance, has been brought to a dangerous state by the lack of professionalism and transparency managing vast amounts of client assets. For the last 25 years, we have always backed invocation in technology with real-life experienced management. We have generated billions of dollars in return for our stakeholders, while building solid companies that perform over time. The choice of the people managing CrossTower, and the experience of our board members, are all necessary to the group succeeding in helping this industry back to its required strength and trustworthiness.”

Greg Fishman – CIO of Lydian Group said: “I focused my career on the evolution of structures on top of basic software layers. We have experienced several market cycles and we are in a current market meltdown. This is a critical moment and an exciting moment. Poor businesses are being cleaned up making the way for promising technology stacks, pure web3.0 and decentralized virtual worlds. By uniting CrossTower and BEQUANT, we create an organization that is built for safety, transparency, and trust. During the next market cycle, the whole industry must focus on building for the people.”

Baidu Japan Launches World’s First Kaomoji Avatar NFT Project 1330

Baidu Japan Inc. has released CryptoSimeji, which uses the Japanese keyboard app Simeji’s popular mushroom logo as the IP prototype, combined with kaomoji culture, to create the world’s first kaomoji avatar NFT project.

Officially launched in August 2022, all 10,000 of the project’s NFTs sold out within hours – resulting in a transaction volume of more than $1.1 million, an increase of 166.68%. CryptoSimeji has made a big impact on both Japan and overseas countries’ NFT communities.

“While a fairly new innovation, NFTs are transforming the way individuals invest and share assets with one another, and we are thrilled to be a part of this growing venture as our brand expands beyond the traditional internet to Web 3.0,” said Wisery, Head of CryptoSimeji project. “We aim to simplify the world with technology, and the launch of CryptoSimeji further highlights our continued, dedicated efforts to do just this.”

Further, CryptoSimeji serves as Baidu Japan’s first step into Web 3.0 – offering a community built together with active users.

As CryptoSimeji evolves and the brand’s metaverse blueprint is revealed, loyal users, holders, and supporters of the CryptoSimeji platform will be able to earn perks and holder benefits as well as CS Points through Type2Earn activities by using Simeji keyboard. The CS Points can be used to exchange whitelists and NFTs, even ether (ETH), or other cryptocurrencies.

In addition, as an AI-powered leading company in the industry, Baidu Japan is also developing 3D virtual human decentralized applications (dApps), called “mushroom princess” that can be used by all. Additionally, there will also be 3D “mushroom pets” only available to CryptoSimeji holders.

CryptoSimeji can be purchased from OpenSea at: https://opensea.io/collection/cryptosimeji-official/.

About Baidu Japan Inc.

Established in December 2006, Baidu Japan Inc. is the hub of Baidu Group’s overseas market expansion. It functions as the base of Baidu’s global business and serves as the launching pad for proven products to expand to other regions. For example, the Top1 keyboard app in the Japan market, Simeji, and the advertising platform popIn Discovery under Baidu’s subsidiary popIn have both expanded from Japan to other global destinations. Baidu Japan Inc. is also actively launching new products in the social metaverse and Web 3.0, further accelerating its innovation.

About CryptoSimeji

CryptoSimeji is Baidu Japan’s first step in Web 3.0, which uses Simeji App’s logo mushroom as the IP prototype, combined with the kaomoji culture, to create the world’s first kaomoji avatar NFT project. It serves as a multilingual communication platform for NFT enthusiasts around the world.