Paris Saint-Germain Soccer Club to Launch Fan Token 1973

French soccer club Paris Saint-Germain (PSG) is partnering with blockchain platform Socios.com to launch a token ecosystem, according to a press release shared with Cointelegraph September 11.

PSG plays in the highest tier of France’s soccer league and has been hailed as the country’s “most popular” team.

Socios describes itself as a digitized, tokenized form of the “Socios” crowd-management concept of Real Madrid & FC Barcelona — “socios” means member or associate in Spanish. The platform is powered by a sports blockchain venture dubbed chiliZ, which has the backing of high profile crypto industry players that include crypto exchange Binance. chiliZ has raised $66 million in funding to date, according to CT’s correspondence with CEO Alexandre Dreyfus.

PSG’s partnership with the platform will allow the club to launch a Fan Token Offering (FTO) that gives fans access to branded Saint German club tokens which come with voting rights and can also confer VIP status and/or rewards to their holders.

Fans will reportedly be able to vote on “cosmetic” decisions (choosing the club’s jersey color, stadium music and logo) and certain sports aspects (MVP, Player of the Match or Month, friendlies matches, summer tours, charity line-ups, etc.)

Dreyfus noted that the strategy represents a limited token mechanism, which does not tokenize the club’s existing corporate structure but is focused on incentivizing and monetizing fan engagement and experiences via crypto. Marc Armstrong, Chief Partnership Officer of PSG, is quoted in the press release saying:

“Paris Saint-Germain is determined to leverage the opportunities that cryptocurrency can provide. This revolutionary technology will have an important impact on the club’s overall business strategy and the way we engage with our fanbase.”

Saint Germain fan tokens will reportedly be tradable on the socios.com marketplace, but only against the chiliZ native token ($CHZ). The club’s FTO will reportedly take place before the start of the coming soccer season, although the exact date and token pricing are yet to be revealed.

Dreyfus further emphasized to Cointelegraph that while PSG is the first high-profile club to join the initiative, the platform ultimately aims to engage “hundreds of millions” of soccer fans of multiple high caliber soccer clubs worldwide. Dreyfus said that the platform will help engage and educate a major demographic about blockchain and crypto.

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PropyKeys Officially Launches, Introducing Onchain Home Addresses as a New Asset Class 5832

Now on Coinbase’s Layer-2 Base, PropyKeys aims to democratize real estate investing by enabling users to mint addresses and deeds onchain

PropyKeys, a standout project within the Propy ecosystem known for its blockchain-powered real estate solutions, today announced the public launch of their innovative decentralized application (dApp) that enables users to mint a digital address corresponding to a tangible property. Deployed on Base, Coinbase’s layer-2 network, and powered by the PRO token, users can mint digital versions of any home addresses or global landmarks. Furthering Propy’s mission to democratize real estate ownership, PropyKeys is creating a home addresses platform and property deed storage on the blockchain.

Within just two months of invite-only beta testing, PropyKeys saw widespread adoption with over 1,600 addresses minted, including 300 global landmarks. By bridging the physical realm with the digital landscape, PropyKeys is empowering users to create digital representations of real-world property addresses, similar to possessing a domain name for a segment of the internet. After an address is acquired, the buyer can later transfer ownership to the owner of the corresponding property in exchange for additional staking power.

PropyKeys is setting a new standard for property deed security by shifting from paper-based to digital, algorithm-secured systems. This transition to an onchain, open-source, and community-managed registry enhances protection against deed theft, ensuring a trustworthy environment for property transactions.

“The enthusiasm we’ve seen even during our closed beta has been astounding. Transitioning from beta to public launch with such positive user adoption highlights the demand for innovative real estate solutions onchain. It’s been incredibly exciting to witness the community’s eagerness to engage with PropyKeys, signaling a bright future for blockchain in real estate,” said Andrew Zapo, Co-Founder and COO of PropyKeys.

New Developments & Features

In coordination with the public launch, PropyKeys is releasing a series of new features that provide an engaging and accessible introduction to real world asset (RWA) tokenization. As of today, PropyKeys is launching a staking mechanism, enriching the platform with new incentives. This feature rewards users with PRO tokens—available on Coinbase—for their contribution in minting and safeguarding onchain addresses and onchain title deeds.

Additionally, PropyKeys provides users the ability to mint a personalized AI-generated global landmark NFT such as the White House or Big Ben. Utilizing artificial intelligence, users can create detailed digital renditions of renowned global landmarks. These AI-generated landmarks offer minters a wide array of iconic structures, enhanced by the ability to customize their NFTs such as favorite cryptocurrency logos and styling. This distinctive customization capability transforms each NFT into a unique digital collectible, setting PropyKeys apart in the realm of digital art.

Digital Solutions for Real World Challenges

Addressing the challenges within the real estate sector, Propykeys and Propy’s ecosystem are dedicated to dismantling traditional barriers to entry, such as high title fees and operational inefficiencies. By integrating solutions to make digital ownership more accessible, secure, and user-friendly, PropyKeys aims to revolutionize the $280 trillion real estate market, combating deed fraud and making homeownership more secure and accessible.

“The process of buying or selling a home is overdue for a transformation,” says Natalia Karayaneva, CEO of Propy. “We are proud of the talented team behind Propykeys and happy that they chose Propy ecosystem to build. It amazes me to see how much they achieved to increase the adoption of onchain real estate in such a short period. Paving the way for a future where real estate transactions are as easy as sending an email.”

By offering a dynamic entry point to the Propy ecosystem and facilitating onchain title management, PropyKeys empowers anyone to begin their blockchain-based real estate journey. From minting home addresses to verifying ownership and enabling instant property sales, access to RWA or micro-mortgages, PropyKeys stands at the forefront of the industry’s digital transformation.

For more information, please visit please visit PropyKeys.com

About PropyKeys:

PropyKeys, a gamified platform within the Propy ecosystem, is redefining real estate ownership through blockchain technology. Officially launched in March 2024 on Coinbase’s Base, a layer-2 network, PropyKeys allows users to mint digital addresses and deeds for real-world properties. By enabling the digital representation of property addresses and offering a secure, blockchain-based platform for property deed storage, PropyKeys aims to make real estate ownership more accessible, secure, and engaging. With features like AI-generated landmark NFT minting and a novel staking mechanism, PropyKeys is setting new standards in how properties are owned, traded, and verified in the digital age.

Terraform Labs Rolls Out Station v3 Dashboard 7195

Terraform Labs Pte Ltd. (TFL), a leading software company specializing in blockchain technology, today announced the launch of a major update to Station, the company’s cross-chain wallet, to bring enhanced staking, governance, and portfolio management to users.

“The launch of Station v3 Dashboard continues the momentum that TFL has been building,” said Chris Amani, CEO of Terraform Labs. “Our talented and dedicated team has been hard at work quietly building best-in-class, cross-chain applications. We are planning to roll out more exciting updates and new applications that bring utility to users in the coming months.”

New features integrated into Station v3 Dashboard include portfolio management powered by Pulsar Finance; seamless cross-chain swaps powered by Skip Protocol, including the innovative fee token top-up feature introduced with Station v3 Extension; a streamlined staking interface, including Alliance staking, for supported chains; improved governance UX; and advanced cross-chain activity history, to understand cross-chain transaction history at a glance.

The launch of Station v3 Dashboard is TFL’s latest expansion of its Web3 offerings. The company recently announced its acquisition of Pulsar Finance, a leading cross-chain portfolio manager and data provider, launched Station v3 Extension for Chrome and Edge, and released Warp Protocol v2, the decentralized automation layer for Cosmos.

About Terraform Labs

Established in 2018 and based in Singapore, Terraform Labs Pte Ltd. (TFL) is a leading software development company specializing in blockchain technology. Powered by a globally distributed workforce of experienced Web3 developers and crypto natives, TFL is one of the few companies to have developed an end-to-end Web3 experience, inclusive of a blockchain, wallet, block explorer, RPC solution, set of apps, and a suite of developer tools. Aiming to enable the next evolution of the Internet built on robust, decentralized economies, TFL serves as a core contributor to the Terra blockchain and is the creator of products and tools such as Alliance, Station, Warp, and Enterprise.

Mr. Journaler: AEM Algorithm’s virtual accountant using Bitcoin NFT Ordinals 9271

AEM Algorithm, a leading cryptocurrency accounting solution platform integrated with Xero and Intuit QuickBooks, is thrilled to announce the development of Mr. Journaler, an exclusive collection of non-fungible tokens (NFT) based on their new virtual crypto accounting assistant who helps simplify the tracking of crypto transaction activity and reporting. The collection is due to launch on the Bitcoin blockchain, using the BRC20 (BTC) Ordinals standard, which allows the inscription of metadata directly on the BTC blockchain.

The initial prototyping has already been developed in-house by AEM Algorithm and their tech team at FDS Soft, who will drive the utility implementation of the NFT Ordinals directly into the crypto accounting software AEM Journaler. Given the image storage requirements, AEM is currently exploring the ability to take the data cross chain onto the Filecoin IPFS storage with the help of their long standing partner at Linden. At a later stage, the implementation of the BRC20 mint and multi crypto wallet upgrade for AEM+, available on Apple App Store and Google Play, is also being explored as part of the broader utility of utilising the NFT for unlocking future subscriptions.

Krzysztof Pająk, AEM’s early investor with his strong presence in the Bitcoin and Solana ecosystems, will also offer mentorship for the NFT project from Europe, alongside AEM’s Head of PR Hailee Hu in Hong Kong who is also a well known NFT artist. Additionally, Independent Reserve, a prominent Australian digital currency exchange, has joined as a key exchange partner after AEM’s recent admission to Google Cloud Web3 Scale Up Program, further solidifying the exciting development of Mr. Journaler and its long term AI capabilities.

This powerful collaboration will ultimately strengthen Mr. Journaler’s evolution as an NFT collection and utility, further expanding AEM’s solutions. With all teams having expertise in blockchain, smart contracts and NFT minting, Mr. Journaler will result from a robust technical collaboration between AEM and their expanding list of partners.

Breaking new ground in the competitive market, the collection showcases yet another pioneering leap by AEM Algorithm in the world of blockchain and financial technology innovation. AEM foresees significant interest from crypto-native users and individuals who find crypto accounting and tax reporting challenging.

The inception of Mr. Journaler was sparked by a coincidental introduction on a trip to AEM Algorithm’s local Cyberport office in Hong Kong that occurred between AEM and the founders of Mutaverse, Coco and Vinto, who are also the co-builders of the BRC-1024 metaverse protocol on BTC. Their emphasis on community engagement and encouragement to delve deeper into the Bitcoin ecosystem inspired the founder and CEO of AEM, Jakub Sawczuk, who envisioned a decentralised approach to elevate AEM’s presence within the Bitcoin Ordinals community and foster innovation with a meaningful, fully functional NFT.

Further validation of the concept came after fruitful discussions with Dr. Jinglee from Foundinals, exploring strategies for incentivisation through NFT tracking.

The creation of Mr. Journaler adopts a bottom-up approach, fostering vibrant NFT communities and introducing innovative reporting standards that transcend traditional accounting boundaries. “Having realised that almost all the competitors in the crypto accounting space chose the very traditional path of venture capital (VC) funding and corporate control, AEM Algorithm wants to give control back to the users and the ecosystem, and where else better to do it than on Bitcoin’s Layer 2,” as commented by Sawczuk.

AEM Algorithm will leverage the novelty use of Bitcoin Ordinals to create, mint, and auction their first NFT collection and unlock features for the holders. The release of Mr. Journaler NFT Ordinals is set to make history, recognising the early-stage contributors and holders who will play a pivotal role in its success. AEM initially plans to intertwine Mr. Journaler into their platforms, integrating with their crypto accounting tool AEM Journaler for Web3 businesses. AEM Journaler’s existing NFT wallet feature tracks users’ NFT activity with detailed transaction insights and will seamlessly utilise the transaction hash of the collection upon its launch. Mr. Journaler serves to revolutionise the NFT integration tools within the automated accounting system, and users will soon be given the upgraded ability to access the system together with other exclusive applications, further down the roadmap.

Given AEM Journaler and the complementary AEM+ mobile crypto wallet are cross-chain applications, and Mr. Journaler’s ultimate destination being the metaverse, a prototype is already being built with another strategic partner CanvasLand from Hong Kong – due to release soon.

While details are currently taking shape in Mr. Journaler’s early stages of development, this ambitious project demonstrates AEM Algorithm’s commitment to innovation and signals the potential for new, dynamic solutions within the ever-evolving landscape of blockchain and fintech.

AEM Algorithm is excited to reveal that selected AEM Journaler and AEM+ users will receive a complimentary NFT after the launch of Mr. Journaler Bitcoin NFT Ordinals collection. Eligible users must have an active subscription to Journaler and proof of transaction activity using AEM+. Sign up now for your chance to own an exclusive Mr. Journaler NFT, and join the revolution in crypto accounting:

About AEM Algorithm

AEM Algorithm (AEM) is an innovative accounting system provider, empowering Web3 businesses and accountants with advanced solutions and applications for accurate cryptocurrency transaction reporting and financial automation. Their flagship product, AEM Journaler, is a cutting-edge SaaS B2B accounting software that seamlessly integrates with Xero and Intuit QuickBooks. We are the only accounting platform offering a complimentary self-custody crypto wallet, AEM+, under active development.

Fully on-chain gaming: How Web3Games.com is transforming the space with W3Gamez Network 10281

Blockchain gaming has embarked on its journey since 2014 with the launch of Huntercoin to test the potential of integrating blockchain technology with games. After nearly ten years of exploration, blockchain games are looking more and more like advanced prototypes of traditional games: the gameplay loops are not just about grinding, and the graphics are much more eye-catching. However, crypto gaming remains the hilarity of the minority at the current stage. To illustrate it, one of the most popular blockchain games, Axie Infinity, is less than 0.2% the size of Counter-Strike 2 in terms of average monthly active users. To open paths to onboarding more both players and developers, a growing community of Web3-native developers and players finds another approach to the next level of blockchain gaming by building the ecosystem of games and NFT primitives that operate completely on blockchains. In other words, fully on-chain games.

Fully on-chain gaming is one of the most promising areas for creating the next Alpha space, with multiple top investment institutions conducting in-depth research. Currently, fully on-chain gaming is still mainly attracting the attention of niche geek groups, with most attention focused on the Layer 2 network RedStone created by the team behind the Dark Forest game. Recently, more and more projects are participating in developing fully on-chain gaming engines and products. Among these pioneers leading the paradigm shift to fully on-chain gaming, Web3Games.com stands out with its latest product, W3Gamez Network.

Web3Games.com has been committed to integrating decentralized blockchain technology with games since 2021, giving players real ownership of game assets, enhancing game transparency, and providing developers with more user-friendly blockchain development tools. In the early days, Web3Games.com focused on building the infrastructure for blockchain gaming. After three years, it is almost the only project that has delivered technical infrastructure applications and game products at the same time. The team officially announced in 2024 that it will focus on the fully on-chain gaming ecosystem and bring its fully on-chain gaming Layer 2 network W3Gamez Network, which is invested by the NEAR Foundation, developed based on the OP Stack framework, and uses NEAR for Data Availability (DA).

Since on-chain gaming requires that games solely use smart contracts to execute the gameplay logic and store in-game data, it challenges developers and players to operate under strict technical limitations. Therefore, the experimental trials for any project are inevitable, and the accumulative cost becomes consequently expensive. Moreover, traditional GameFi games typically only put game assets on-chain, while game logic is still processed on centralized servers. This can lead to transparency and fairness concerns, as players cannot verify that the game is being played fairly.

Web3Games.com has addressed these challenges by focusing on Layer 2 rollup solutions, enabling developers to create fully on-chain games that are both performant and affordable. In 2024, Web3Games.com launched its W3Gamez Network, a Layer 2 network specifically designed for blockchain gaming. The network uses NEAR Data Availability (DA) to provide low-cost and high-throughput transactions for game assets and logic.

In addition to launching the W3Gamez Network, Web3Games.com is also launching two tokens: WGT and W3G.

WGT (Web3Games.com token) is a utility and governance token that will be used to incentivize and reward activities that support the Web3Games ecosystem. W3G (W3Gamez Network Token) is the native gas and governance token of the W3Gamez Network. The W3G token sale is currently ongoing on Web3Games.com and will end on January 28, 2024. The token price is $0.02 USDC, and the target raise is $400,000.

W3Gamez Network has raised $4 million in two rounds of funding from investors, including NEAR Foundation, DAO Maker, and LD Capital. The team has also worked with NEAR on multiple projects, including providing blockchain technology solutions to Alibaba. W3Gamez Network is the first Layer 2 gaming network to use NEAR’s Data Availability (DA) technology.

To make games trustless, open-source and composable, with the game’s state always immutable and transparent on the blockchain, W3Gamez Network, along with the entire ecosystem powered by Web3Games.com, has provided a fully decentralized ecosystem with robust blockchain security, where everyone plays fair and owns their experience. However, the idea of putting an entire game onto a blockchain is still controversial among traditional game developers, because blockchains are notoriously undesirable for its computing speed, scalability and storage. There is a long journey ahead of fully on-chain gaming. In 2024, Web3Games.com will be fully focused on the development of fully on-chain gaming, having taken the road with the launch of W3Gamez Network as a major milestone. Although fully on-chain gaming remains experimental in the crypto industry, the thesis is that it is highly possible onboarding of the next billion users to blockchain will be through gaming. Hence, it’s essential that well-designed incentive structures, sustainable economics, and developing architectures are available for both developers and players, which is exactly what W3Gamez Network has been focusing on.

Arbitrum One Integrates Chainlink Functions on Mainnet 10218

Chainlink, the industry-standard decentralized computing platform, and Arbitrum, the most widely used layer 2 scaling solution suite for Ethereum dApp development, have today announced the mainnet beta release of Chainlink Functions, now live on Arbitrum One mainnet.

Chainlink Functions is a serverless, self-serve developer platform enabling developers to easily connect their smart contracts to any API and trust-minimized computations. Chainlink Functions acts as a decentralized compute runtime that’s useful to test, simulate, and run custom offchain logic for Web3 apps. In many ways, Chainlink Functions acts as a trust-minimized, blockchain-connected version of existing serverless solutions such as AWS Lambda, GCP CloudFunctions, and more.

“As an L2, Arbitrum plays an important role in supporting the overall health and sustainability of the Ethereum ecosystem,” said Johann Eid, Chief Business Officer at Chainlink Labs. “Making Functions available for Arbitrum users is about connecting Web2 and Web3 developers and bridging the gap to allow for shared collaboration, growth, and a shared sense of community.”

Arbitrum One is an optimistic rollup for Ethereum that powers high-throughput, low-cost dApps. Chainlink Functions helps makes it possible to onboard the next million developers to Web3 by providing the missing infrastructure for any developer (Web2 or Web3) to build feature-rich applications that merge the best of both traditional and Web3 development.

“Continually simplifying Web3 to feel more like a native Web2 experience is critical to mass adoption of Arbitrum’s technology,” said A.J. Warner, Chief Strategy Officer at Offchain Labs. “Chainlink Functions will streamline the experience for Arbitrum developers as they can easily connect to Web2 data and experience low-cost computation.”

Arbitrum developers can now leverage Chainlink Functions within their application on-demand. Developers access the Functions documentation, experiment with the Chainlink Functions Playground, and create a subscription to get started.

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $9 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

About The Arbitrum Foundation

The Arbitrum Foundation, founded in March 2023, supports and grows the Arbitrum network and its community with secure scaling solutions for Ethereum. Arbitrum One—a leading Ethereum Layer-2 scaling solution initially developed by Offchain Labs—offers ultra-fast, low-cost transactions with security derived from Ethereum through Optimistic Rollup technology. Launched in August 2021, the Arbitrum One mainnet beta is EVM-compatible to the bytecode level and has 54%+ TVL in the L2 segment. 2000+ DeFi and NFT projects are live in the ecosystem to date. In August 2022, Arbitrum One upgraded to Nitro tech stack, enabling fraud proofs over the core engine of Geth compiled to WASM.

Upgrading Global Payment Experience – Grineo Integrates Fiat and Digital Currencies 10284

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SYDNEY, AUSTRALIA / January 17, 2024 / Grineo, the FinTech startup that aims to introduce digital currencies to the physical world, announced the launch of its highly-anticipated “debit card & wallet App” exclusively in Australia by early 2024, as reported by the Crypto News Australia agency. The app and card allow users to store and trade digital currencies as well as spending them like cash in stores or withdrawing as cash from ATMs, bringing much-needed adoption to the world of digital currencies.

The founders of Grineo first came up with the idea during a business meeting in Melbourne back in 2022, where they saw the immense potential of stablecoins as a store of value for investors.

They also realized that Australia significantly lagged its peers when it comes to the number of digital startups per person, the amount of investment in digital asset companies, and tech-skilled professionals. However, according to their estimations, if Australia manages to adapt blockchain and digital assets despite these issues, it will be able to save A$160 per person per year on international transaction fees and up to 80 hours per a small business on compliance and administrative costs.

Grineo officially launches in Q1 2024, becoming the catalyst for this much-needed change in the Australian market. Grineo users can spend digital currencies with no extra exchange fees wherever major cards are accepted, with conversion taking place in real-time at point-of-sale. With thousands of users in the waitlist from Sydney, Melbourne, Perth, and Brisbane, Grineo continues to expand its reach across the whole of Australia.

“The Australian market size in terms of transaction revenue is considered very niche for a digital currency card provider accounting only for $17M of revenue annually,” said Olesia Kostieieva, Grineo Chief Expansion Officer. “Our philosophy is that payments in digital currency should be available for everyone everywhere.”

With Grineo, consumers can unlock the power of digital currencies by opening a free account and gaining access to a physical card in just a few business days. They can also receive an immediate virtual card for instant use. All transactions take place on the Grineo platform, without any middleman processes slowing things down. Swapping assets are arranged easier or more affordable. The platform boasts a host of features, from customizable notifications to cutting-edge asset management tools. And behind the scenes, Grineo is revolutionizing the financial system by giving digital currencies the same level playing field as traditional currencies, including the Australian dollar. So, less limitations and more endless possibilities with the Grineo payment app.

“It is an all-in-one application,” Kostieieva said. “Because Grineo stores your digital currency alongside your traditional currency, there’s no need to go back and forth with your bank or top up via bank transfer and wait several days for it to settle.”

But what sets Grineo apart is its commitment to transparency and low fees. With exclusive rates and automatic conversion at the best possible live rates, users could save a significant amount of money on overseas transactions. No-fee ATM withdrawals are also available. Plus, with Grineo’s partnership with regulated card companies and banks, users can trust that their assets are secure and compliant.

According to Kostieieva, the use of stablecoins for purchasing goods and services may still pose some challenges. However, with the revolutionary Grineo platform, one can effortlessly utilize USDT in Sydney or seamlessly compensate others in Ethereum.

As Grineo prepared to enter the Australian market, they maintained a close relationship with regulators in Australia where they had already launched in the summer of 2023 their startup regulated by AUSTRAC. This designation gave Grineo access to essential networks and systems, further solidifying their position as a potential leader in the digital currency space.

In addition, Grineo collaborates with regulated card companies and bank partners to offer a comprehensive range of traditional and digital currency payment services throughout its prime market in Australia. All while upholding the utmost standards for security and compliance.

Kostieieva shared that the high standards set by regulatory players only serve to inspire and motivate their team, as they feel a great responsibility to ensure the success of Grineo. With their sights set on revolutionizing the way we spend and exchange currency, Grineo is ready to make its mark on the FinTech world.

About Grineo

Discover the innovative world of GrineoPay – the ultimate gateway to the digital currency economy in Australia. Our carefully crafted suite of products, led by the Grineo Wallet & Card App, is designed to cater to all levels of users with its intuitive interface and advanced trading features. Headquartered in the bustling cities of Sydney and Melbourne, our fully regulated company, Grineo Pty Ltd, is backed by a team of banking and FinTech experts. Be a part of the digital currency revolution and join us at our headquarters on Level 14, 5 Martin Place, Sydney, NSW 2000, Australia. Regulated by AUSTRAC. Unleash the potential of digital currency with GrineoPay – visit our website https://grineopay.com now!