.bit (did.id) has raised $13 million to build a cross-chain decentralized identity protocol. The Series A round, completed one year after the startup’s launch, was from CMB International, HashKey Capital, QingSong Fund, GSR Ventures, GGV Capital, and SNZ.

.bit’s open-source blockchain protocol will provide permissionless decentralized identification for individual users and DAOs. Over the past 12 months, the project’s user and developer communities have experienced strong growth. Almost 100 mainstream wallets and dApps have already integrated with .bit and more than 38k independent addresses have registered for more than 110k .bit accounts.

In the web2 era, social profiles are stored on centralized databases by tech giants who can revoke access or alter data at will. Accounts may be blocked or deactivated at any time, leading to censorship and deplatforming. Utilizing web3 technology, .bit will empower individuals to truly own and control their data. Users will enjoy identity sovereignty, both as private persons and as corporate entities.

Initial applications for .bit’s decentralized identity protocol include Cryptocurrency transfer, decentralized domain resolution, personal profile display, etc. It is expected that .bit will eventually be used as membership and credential management for DAOs, brands and IPs, celebrities and fans, clubs and communities.

Further use cases for .bit’s decentralized identity product include supporting the one billion citizens who lack legal identification. This makes it impossible for them to prove their identity, obtain basic government benefits or healthcare, enroll in education, or exercise their right to vote.

As a cross-chain solution, .bit has supported Ethereum, Tron, Binance Smart Chain, Nervos CKB, and Polygon. In the future, .bit will cover all mainstream public chains such as Bitcoin, Dogecoin, Polkadot, Solana, etc., as well as software and hardware devices that support asymmetric encryption algorithms.

Forthcoming features under development also include NameDAO, which will assign a portion of .bit protocol’s revenue to DAOs and sub-accounts that will be issued to DAO members, brand adopters, and loyal supporters to strengthen web3 communities, and further lower the threshold for registering accounts, 4-9 digits account available to 100% and open up 3 digits accounts, which will announce the specific rules on the official Twitter very soon.

About .bit

.bit is a cross-chain decentralized identity protocol launched in July 2021. It has boasts over 110k accounts and integrated with 100+ wallets and dApps such as Trust Wallet, Torus, TokenPocket, imToken, iToken, BitKeep, AlphaWallet, HyperPay, MathWallet, WePiggy, NFTSCan, NFTGO, Relation, ShowMe, UneMeta, Dtools, Evolution Land, UniPass, Mail3, Link3, Quest3, 0xEcho, Transit Swap, 5Degrees, cc0.network, COCH, SeekDID, DASLA, SuperDID and many others. The startup comprises a small team of ten spread across the U.S., China, and Singapore, led by Tim Yoeh, Specer Shaw, Jeff Jin, Kyle Wright, who were colleagues at Tencent. Most of .bit’s members have extensive experience in the Web3 industry.

For more information, find .bit online:

Website: https://did.id
Twitter: @dotbitHQ
Discord: https://discord.gg/did
GitHub: https://github.com/dotbitHQ
Team Blog: https://blog.did.id
Forum: https://talk.did.id
Medium: https://medium.com/@dotbit
NameDAO Website: https://namedao.xyz

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Upland is a mobile-first blockchain metaverse that allows users to buy virtual properties based on real world addresses, build on those properties to increase their value, and sell them to increase their virtual real estate portfolio. Upland has the unique position to attract mass markets due to the fact that the economy is built to be open and inclusive. Different tiers of costs allow everyone to participate in true ownership. Sign up to play Upland here.

Upland Maintains and Expands Metaverse Economy

Upland has been quietly expanding, growing, maintaining, and expanding the metaverse economy. The platform is not only an acquisition game – selling plots of metaverse land to its 392,746 monthly active users, but it also sells NFTs. To date, Upland has sold NFTs worth more than $3M+. Founded in June 2019 in Silicon Valley, Upland has grown substantially each year in its evolution from a property trading game to a feature-rich metaverse destination focused on an entrepreneur and creator driven economy, with at least 242,107 active users in the last 30 days.

The platform can put its success down to the meaningful value that an Upland experience brings to a user. Upland’s mixed reality Monopoly-based gameplay is broadly appealing to the masses, and Upland is created for a broad user base, not niche gamers.

The Unity-based 3D world will slowly get more creator tools for developers and users. In an intelligent move by Upland, the company will allow real estate owners to build whatever they want “behind closed doors” of their property. Upland has 280,000 unique property owners, and over the last six months, properties in the secondary market have, on average, sold more than 234% more than mint price, bagging Upland users more than $7M to date collectively.

Rio De Janeiro Launched and Cool New Partners Join

Rio de Janeiro is officially the first international city to launch in Upland. The buzz was real. Rio launched as a city on Upland in July 2022, with 50,000 properties selling out in just a few hours. Users of Upland set a minting record at 54 per second, 3,230 per minute. In addition to adding a brand new team of developers in this metaverse-curious country, Rio de Janeiro is the beginning of international expansion in virtual properties mapped to their real-world counterparts and new partnerships in Brazil and beyond.

The expansion is expanding the metaverse and bringing more users into the Upland economy. It is also an excellent opportunity for Upland to embrace local cultural flavours never seen in the metaverse. Aside from that, Upland is excited to bring new partnerships into the metaverse – partners that add new dimensions to our economics, sprinkle in a little culture, and add extra energy to Upland. With Rio De Janeiro, Upland welcomes Mangueira Samba School! Mangueira is one of Brazil’s oldest, most revered samba schools and carries a long tradition of popularizing samba music and dance.

There are other revered partnerships that Upland is excited to work with. Other global brand partners include National Football League Players Association (NFLPA), Portugal’s leading soccer club FC Porto, Spirit Halloween, and Hyperloop.

One of the most exciting recent partnerships is with Brazil’s Flex Interactiva. With 3D interactive solutions created in Brazil, Upland expands 3D experiences into the metaverse, and embedded brands can begin their blockchain journey, giving users an exciting opportunity to explore immersive experiences on the platform.

To learn more about the metaverse, sign up with this link and join the community on Twitter or Discord. Upland also maintains a presence on Reddit, Facebook, and Telegram.

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Cardano has proven to be one of the most active and busiest digital assets in the crypto world in the past year. Therefore, many experts expect that Cardano will have a great future in 2022, and it has also been stated that ADA is one investment option worth examining and projects based on it.

The Cardano blockchain is used to build smart contracts and create decentralized applications and protocols. Additionally, the ability to send and receive funds instantly for minimal fees has many applications in business and finance analyzing making a move.

Cardalonia, a metaverse project built on Cardano, has revealed plans to kick off after the following staking snapshot, with $LONIA token holders being the first to be able to join in the land minting after the token presale has ended.

Cardano and Cardalonia

Cardalonia is one of the first metaverse projects on Cardano to build a non-custodial staking vault where you can stake and earn rewards without your tokens ever leaving your wallet.

With just three steps: create, explore, and trade, you can start your Cardalonia journey.

Using $LONIA tokens, users can create custom avatars, purchase lands, explore and personalize their Cardalonia experience, gather resources, and get rewarded in Cardalonia asset NFTs. Moreover, they can sell their in-game reward NFTs on the Cardalonia marketplace and get awarded in ADA; these are just a few benefits.

Getting in the $LONIA token presale

The Cardano metaverse token, $LONIA, is now available for investors who want to acquire it at a discount before the official listing on crypto exchanges. The pre-sale started on July 5, 2022, and will end in 45 days or after total purchases hit the hard cap.

$LONIA staking model works in a way like Cardano staking but with a higher APY (Annual Percentage Yield). So, $LONIA token holders will be able to utilize their token in multiple ways, like staking to earn rewards of over 20% APY without their tokens ever leaving their wallet.

Also, $LONIA holders will have the opportunity to be the first to join in the Cardalonia land NFT sale by having an active stake of 7000 $LONIA tokens.

More about the project

Cardalonia defines itself as a creator-centric metaverse and play-to-earn platform that offers complete interaction with NFTs and CNTs powered by the $LONIA utility token.

The Cardalonia Metaverse project has collaborated with multiple strategic partners like Readyplayerme. The scope was to enable $LONIA token holders with an active $LONIA token stake on the Cardalonia Vault and an Adahandle address to create and customize their avatars in readiness for deployment when the Metaverse game becomes available.

Cardalonia also announced another sale, the Terrania Land NFT sale, which will begin in September following the following staking snapshot, with $LONIA token holders being the first to be allowed to participate in the land minting after the token presale has concluded.

Stay updated

Keep up with Cardalonia by their socials; you can find them on Twitter, Telegram, and Discord. Also, keep track of the official Cardalonia website to access the updates quickly.

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