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HUMBL To Use BLOCKS To Initiate Strategic Collaboration on Blockchain Initiatives

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In the blockchain industry, partnerships and strategic collaborations are essential for industry growth and expansion. With the boom of the relatively young decentralized finance (DeFi) and non-fungible token (NFT) market, projects need to collaborate to consolidate on the rise and further drive the market higher. There have been several notable partnerships within the blockchain industry, but the newest that has been making waves is the collaboration between BLOCKS and HUMBL.

Both are currently experimenting with the use of sidechains and bridges to minimize the cost fees on NFTs by close to 98%. With this partnership, HUMBL has become the first among the growing number of companies within the Blocks Builders to leverage the various Blocks Builder’s Modules to build better using BLOCKS.

The Goal of the Collaboration Between BLOCKS And HUMBL

There are lots of things that will be achieved through this collaboration. Both platforms are already working on improving the non-fungible token (NFT) metadata storage across projects like music and video. They are also trying to develop a better “verified by BLOCKS ” registry built to enable users to authenticate, track, and verify their NFT holdings irrespective of their location. Both BLOCKS and HUMBL are also experimenting with BLOCKS builders blockchain plugin modules that include ticketing, real estate, payments, etc., on the HUMBL Wallet and the HUMBL platform.

In the words of Adam Wolfe, the lead blockchain consultant at BLOCKS, “Whether it was Cisco packaging router and switches, or Apple packaging megabytes and cell minutes on their partner networks, every technology cycle has paired consumer packaging companies and the network they run on. The HUMBL and BLOCKS Network teams hope to do the same thing here, in giving global consumers a smarter blockchain grid and simple packaging layer on top of it.”

What is BLOCKS?

BLOCKS is the first legally registered Wyoming DAO LLC in the blockchain industry. They are currently an open-source software stack for DAOs, including a library of governance protocols and friendly interfaces to build and manage DAOs. The team is also open to partnering, collaborating, or joining forces with like-minded entities, individuals, as well as network participants to set the standard for a legally registered DAO LLC. The BLOCKS platform is poised to connect industries and enterprise-grade technologies to the blockchain network by employing an industry and blockchain agnostic approach.

Working closely with Wyoming legislatures, BLOCKS is able to build the first legally registered decentralized autonomous organization (DAO) in the world. The team believes that BLOCKS DAO is a beacon of the future and critical to their journey of progressive decentralization. According to the information available on the BLOCKS website, they will pave the way for DAOs across the world as a model of compliance and accountability. You can also join the BLOCKS waitlist to enjoy these services.

At the heart of the BLOCKS, DAO, and Builder Program is the BLOCKS Token. The token powers everything from on-chain governance to enterprise transactions happening within the BLOCKS Builder’s partnerships. More details about the BLOCKS can be accessed on the BLOCKS blog page.

Overview of HUMBL

HUMBL is a consumer blockchain company that works to simplify the use cases of blockchain technology. The company simplifies blockchain use cases across verticals such as payments, ticketing, non-fungible tokens, and real estate. HUMBL is connecting consumers and merchants in the digital economy. The HUMBL ecosystem is being developed to support the over 162 million freelancers in Europe and the United States.

For freelancers, HUMBL makes it possible for them to receive payment from wherever they are and whenever they need them. It gets more interesting with HUMBL; anybody can become a merchant in just a day without additional hardware or even strict contracts. HUMBL also designed a payment app for consumers across borders and currencies. For more details, you can read the HUMBL blog.

 

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NFT Marketplace DigiCol Launches Lending & Borrowing w/ “Negative Fee” Trading

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NFT Marketplace DigiCol Launches Lending & Borrowing w/ “Negative Fee” Trading

The NFT sector continues to expand its use cases and seems poised to onboard millions of users in the coming years. These digital assets have seen great adoption in 2021 and could propel the crypto industry into a new era of adoption as more platforms introduce features that make them more accessible.

In that sense, DigiCol, a comprehensive NFT marketplace since 2020, is set to break the barriers in the sector and increase its adoption.

Recently, DigiCol became the first comprehensive NFT marketplace to introduce a Collateral feature. Advancing NFT finances to another level, this new element in the DigiCol ecosystem will enable users to use their NFT as collateral to borrow Ethereum (ETH), DGCL, Tether (USDT), and other cryptocurrencies from users in the platform or to lend it to others.

To celebrate the launch, the platform is offering a “negative fee” for buying, selling, lending, or borrowing the selected popular NFT series such as Cryptopunks, Sandbox, Decentraland, etc. Not only you will get 100% rebate on the platform fee, but also earning free native tokens from their liquidity farming program.

Via this Collateral mechanism, only found on this platform, a borrower will have a loan period to repay the debt in addition to an agreed interest with the counterpart. If the user fails to pay, the lender will receive ownership over the collateral.

Unlike traditional finances where the process is controlled by a central authority, DigiCol’s Collateral feature will be fully enforced by a smart contract. Thus, lenders and borrowers will not only benefit from a new NFT use case, but from a frictionless, trustless, and decentralized system.

As seen below, DigiCol’s NFT Collateral platform is easy to access and use. Participants need to follow a few steps to borrow or lend their NFT. These digital assets can now be used to increase an owner’s liquidity without the need to detach themselves from a unique NFT.

DigiCol To Enter Phase 2 Into The Future Of NFT Finance

As of now, DigiCol supports the following contracts: Cryptopunks, ENS, Cryptovoxels, Decentraland, and Sandbox, but the platform is working on further integration with other popular NFT collections such as Bored Ape Yacht Club, Desperate ApeWives, Mutant Ape Yacht Club. Expected to come out in Q4, 2021, it will follow a list of major accomplishments achieved by DigiCol and its team in the past months.

In addition, to an overall improvement of the platform, major partnerships, and integration with big projects in the crypto ecosystem, the platform is headed to a new stage in 2022 supported by their Colletaral feature and the expansion of NFTs use cases.

On this topic, DigiCol already has in place projects that will tackle NFT supported games. This trend has seen a massive explosion in terms of adoption as it provides users rewards and a unique experience for investing time in their favorite games.

2021 could have been the year for NFTs, but these digital assets are nascent and with a lot of potential to capture billions of dollars from the traditional finance system. DigiCol and its users, in particular, seemed poised to spearhead the NFT Finance ecosystem with a unique model that could take the entire industry into the mainstream.

 

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Making Room for Crypto in Charity

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With the exponential growth of blockchain, the world is finally witnessing the use cases of cryptocurrency and blockchain technology for social causes and non-profit organizations. There has been a positive movement within the space as several projects have begun donating portions of their revenue to charity.

However, there are very few direct connections between blockchain projects and nonprofit organizations that can actually benefit from the transparent technology. As a solution, Baby Santa, a DeFi protocol, is making it possible for investors and organizations alike to donate to charities via crypto. With features like convenience, transparency, and transaction speed, the platform aims to offer a gateway for investors to give back by donating to charity while earning through staking on their platform, thus becoming a new form of income for charities.

How is Crypto Helping Fundraise for Charities?

According to the Association of Fundraising Professionals (AFP), charity donations fell by 6% in 2020, resulting in a massive loss of revenue. Despite that, there has been a 17.2% rise in online fundraising compared to the prior year.

Integrating blockchain and crypto with charitable fundraising has further expanded the means by which organizations can collect funds. It has also offered a transparent medium for donations that instill trust in both the giver and the receiver.

Several organizations have started accepting donations in Bitcoin, Ether, stablecoins, as well as other digital currencies. Further, decentralized applications are now creating direct channels to contribute to social causes. With over $150 billion invested in this space, more initiatives seek methods to further the charity-in-crypto movement.

NFTs have recently become a frontier for fundraising, offering more than a direct monetary donations. There have been several recent instances where NFTs have been utilized to raise funds for charitable organizations. In March 2021, the Open Earth Foundation received $6 million from the sale of Beeple’s NFT for charitable artwork.

This altruistic movement has made tremendous progress, providing the charity sector with transparency, inclusion, and a worldwide presence. There are, however, a few issues that continue to plague the charity sector.

Existing Challenges in the Industry

One of the primary issues with crypto charity is the lack of belief that money will reach the cause. There have been countless cases where donations gathered through the crypto funding platforms have not reached the intended recipient but instead have ended up in the wrong hands. For example, members of the FaZe Clan were suspended following charges that their ‘Save the Kids’ cryptocurrency was a hoax. And despite being endorsed by popular influencers, the token was subject to a rug pull.

Another challenge that confronts the charity tokens is the source of fund verification. Since cryptocurrency transactions are designed to be secret, it is difficult for highly reputable charities to verify the source funds received. This would create problems for organizations if the funds are received from unknown or malicious sources.

Baby Santa Simplifies the Crypto Charity Process

Baby Santa is a DeFi protocol focused on helping the less fortunate. The native cryptocurrency of the platform is the Baby Santa Token which is aimed to encourage the healthy development of charitable utility.

The idea behind Baby Santa is to provide value to the needy while also motivating investors and users of the platform to donate more. Baby Santa will act as a revenue-generating system where profits can be distributed to the needy. The project goes beyond that and also seeks to benefit its investors by enabling investors to earn a secondary form of income in the form of BUSD rewards. Holders will also have the option to compound earnings through Baby Santa’s Workshop Pools. It will also collect staking funds from staking tax and buybacks that will be distributed to the users who have staked their tokens.

Baby Santa will hold a 12 day of Christmas NFT lottery where users will be chosen by minting a seasonal NFT at the Nutcracker NFT Mint Event. The proceeds from this NFT mint will be donated to organizations and social causes that most need it. Furthermore, Baby Santa will have NFTs minted under the names of different regions, and the funds raised from these NFTs will be donated to causes specific to those regions.

Going beyond that, the platform will have a merchandise store whose proceeds will go to those in need. Even clothing collections will be made with seasonal themes, promoting the project and empowering the charity programs, which will be active throughout the year.

Moving Toward a More Charitable Future

Charitable intent was never something simple, as there have regularly been challenges caused by a lack of trust and transparency. However, the introduction of blockchain and crypto philanthropy has shown some promising outcomes. Baby Santa promises to be the gift of giving, spreading the Christmas spirit all year long.

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StormGain Holiday Giveaway: Win Fantastic Prizes, Including Fast Mining and Free Crypto

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The holiday season is just around the corner, and as we prepare to ring in the New Year, StormGain would like to extend the best wishes of happiness, prosperity, and good cheer to all their valued clients. Of course, that also includes an exciting new opportunity to win extra bonuses and coins on your favourite crypto platform!

Upgrade your StormGain account, mine Bitcoin even faster!

Here’s how it works. Starting Monday, 6 December, and running until Sunday, 9 January, you can get tickets for a series of four prize draws on StormGain. The winners of these draws will receive a free StormGain loyalty programme status upgrade. As a reminder, the benefits of the loyalty programme include bonus funds on your deposits, lower commissions, and, most importantly, increased StormGain Bitcoin cloud miner speed to earn free BTC! Would you like to experience how it feels to mine Bitcoin at blistering speeds, courtesy of StormGain’s integrated cloud miner? Here’s your chance!

As an extra-juicy reward, the final draw will also award free cryptocurrency as top prizes to a select few!

How to enter the draw?

To get a ticket in the prize draw, all you have to do is make a deposit of 100 USDT and have a trading volume of at least 50K USDT in your account. Multiple deposits can get you multiple tickets with multiple chances to win.

The dates and number of places for each draw are as follows:

Draw 1 (10 December) – 50 places
Draw 2 (17 December) – 100 places
Draw 3 (24 December) – 150 places
Draw 4 (10 January) – 200 places (+5 places for crypto prizes)

Get free BTC, ETH, BCH, LTC and ZEC in the biggest ever crypto giveaway!

Crypto prizes, you say? That’s right! StormGain’s giving away free crypto as part of the final draw on 10 January. Last year, StormGain gave away one BTC to the lucky winner of the New Year’s draw. This time, they’re upping the ante and have five different crypto coins up for grabs. Five winners from the final draw will receive one of the following cryptocurrencies:

Bitcoin (BTC), current value $58,000
Ether (ETH), current value $4682
Bitcoin Cash (BCH), current value $582
Litecoin (LTC), current value $216
ZCASH (ZEC), current value $227

The prizes are in real crypto, not in USDT equivalent, so you can trade, hold or withdraw your prize coin as you see fit. Only one of each cryptocurrency will be awarded, and only one account status upgrade will be awarded per user.

Celebrate the holidays in style with StormGain

We all like to give and get a little extra every holiday season, so why not play and go for the prizes over the next few weeks? Whether you’re a new user or an active client, the rules are the same. If you’re not yet a StormGain client, make sure to register in time before the draw to have your chance at the best start to the most versatile crypto platform on the market!

JOIN NOW

 

Disclaimer: This is a sponsored post. The content for this article is provided by StormGain. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in sponsored content like the one above. 
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