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Spain Announces $4 Million Grant Funds For Metaverse Initiatives

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Another Celebrity'S Twitter Hacked By Metaverse Scammer
  • Spanish officials predict that the metaverse will be worth more than $1 billion by 2026.
  • Firms or teams must have at least 25 percent of their workforce comprised of women.

The metaverse and its associated technologies are considered crucial development pillars for the future by countries all over the globe. The Spanish government has set up a grant fund of over $4 million euros to support initiatives relating to the metaverse. Companies and people working on metaverse initiatives in the EU or Spain will be eligible for the grant administered by the country’s Ministry of Economic Affairs and Digital Transformation.

Global Adoption of Metaverse Continues

Anyone interested in applying for these grants must submit a proposal to the ministry outlining the scope and objectives of their proposed initiatives. To be eligible for these incentives, firms or teams must have at least 25 percent of their workforce comprised of women. The ministry hopes that this scheme will be implemented in due course to attract businesses from throughout Europe.

Many firms are already attempting to create some form of domination over the metaverse, even though the idea is still quite new. As the metaverse is now tightly linked to the gaming and video entertainment sectors, the initial round of funding will go to these organizations. Parallel to this is a procedure the government has opened up to encompass experiments with virtual, augmented, and extended reality-related firms.

According to their estimates, Spanish officials predict that the metaverse will be worth more than $1 billion by 2026. The metaverse is being taken extremely seriously in other nations as well. This includes Dubai, where it is said that government offices and services are in the process of being made metaverse-ready. In addition, the country’s virtual assets regulator was one of the first to open an office in the metaverse.

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TA- Fantom Shows Strength – Eyes $0.70

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Ta- Fantom Shows Strength - Eyes $0.70

The price of Fantom (FTM) shows strength and could be set for a major run against Tether (USDT) with eyes set on $0.7. 

Bitcoin’s (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market. As a consequence, the price of Fantom was able to try and break out of its range.

The consumer price Index provides a gauge with regard to inflation in the economy while instigating BTC prices and other altcoins. (Data feeds from Binance)

Price Analysis Of FTM On The Weekly Chart

Weekly FTM Price Chart | Source: FTMUSDT On Tradingview.com

From the chart, the price of FTM saw a weekly low of around $0.2, which bounced from that area and rallied to a price of $0.4.

The price has built more momentum as it faces resistance at $0.4.

If the price of FTM on the weekly chart continues with this bullish structure, it could quickly revisit  $0.7.

Weekly resistance for the price of FTM – $0.4.

Weekly support for the price of FTM – $0.2.

Price Analysis Of FTM On The Daily (1D) Chart

1660237938 963 Ta Fantom Shows Strength Eyes 070
Daily FTM Price Chart | Source: FTMUSDT On Tradingview.com

The price of FTM found strong support at around $0.2, with what seems to be an area of interest on the daily chart.

FTM bounced from its support and rallied as it faces resistance to break above a ranging channel and has continued to move in range.

At the time of writing, the price of FTM is at $0.39, above the 50 exponential moving average with a price at $0.33 trying to break above a ranging channel to the upside.

FTM is facing a resistance of $0.4 to break the channel, If the price of FTM breaks above the $0.4 resistance with good volume the price of FTM could rally to a high of $0.7.

The RSI for the price of FTM on the daily chart is above 65, indicating healthy buy bids for FTM.

The volume for FTM indicates buy bids, this shows bulls would want to push the price higher.

Daily (1D) resistance for FTM price – $0.4.

Daily (1D) support for FTM price – $0.33, $0.3.

Price Analysis OF FTM On The Four-Hourly (4H) Chart

1660237938 248 Ta Fantom Shows Strength Eyes 070
Four-Hourly FTM Price Chart | Source: FTMUSDT On Tradingview.com

The price of FTM has continued to maintain its bullish structure despite facing resistance at $0.4 trying to break out of a ranging channel.

FTM is trading above the 50 and 200 EMA with prices of $0.372 and $0.33 acting as its support on the 4H chart, as the price faces resistance at $0.4.

If the price of FTM breaks above the channel with a good volume we could see prices trending to $0.7, In case FTM is unable to break and experience a sell-off, 50 and 200 EMA prices would act as support for FTM prices.

Four-Hourly (4H) resistance for FTM price – $0.4.

Four-Hourly (4h) support for FTM price – $0.372, $0.33.

Featured image from zipmex, Charts from TradingView.com 
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Ethereum Merge Scheduled For September 15/16, ETH’s Price Skyrockets

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Ethereum Price

Ethereum is moving higher over today’s trading session and seems to be targeting previous levels about the $2,000 mark. The cryptocurrency soars as “The Merge” becomes imminent and backs the bullish sentiment across the market.

At the time of writing, ETH’s price trades at $1,900 with a 3% profit in the last 24 hours and a 17% profit over the past week. Ethereum is the best performing asset in the crypto top 10 by market cap recording bigger gains than Solana (14%), Polkadot (16%), and Bitcoin (7%).

ETH’s price with important gains on the 4-hour chart. Source: ETHUSDT Tradingview

The bullish momentum for Ethereum seems poised to extend. In a recent ETH core developers calls, “The Merge” mainnet release was tentatively scheduled for September 15 to 16 at epoch 144896.

This announcement comes at the heels of a successful implementation of “The Merge” on another main Ethereum testnet, Goerli. Called the final “dress rehearsal” for this major upcoming event that will combine Ethereum’s execution layer with its consensus layer.

In other words, Ethereum will finally complete its transition from a Proof-of-Work consensus to a Proof-of-Stake. This process will provide the blockchain will better performance, much lower transaction fees, scalability, and less energy consumption.

The potential for “The Merge” to attract new users and capital into the Ethereum ecosystem is one of the reasons why it’s perceived as bullish by the market. Data from Material Indicators (MI) indicates that almost every investor class has been buying into ETH’s price current price action.

This buying pressure is trending upwards and appears to be picking up momentum, over the past 12 hours as news about the tentative date for the mainnet release broke.

Ethereum Eth Ethusd Mi 2
ETH’s price has been bought by almost every investor class on low timeframes. Source: Material Indicators

Further data from Material Indicators records important ask liquidity above ETH’s price current levels. There are over $40 million in selling orders stack from $1,920 to $2,000. These orders will operate as critical resistance.

What “The Merge” Could Spell For The Price Of Ethereum

If Ethereum is able to break above those levels, the orderbook record almost no resistance to the upside. Thus, ETH’s price could reclaim previously lost territory and extend its climb.

However, MI records low buying pressure for ETH’s price on higher timeframes from large investors. Over the past two months, retail investors appear to be jumping into Ethereum’s price action.

Additional data provided by Jarvis Labs coincides that retail investors having been accumulating ETH. Larger investors need to begin accumulating to provide ETH’s price with an extended trend.

Jarvis Labs believes that this sustainable bullish price action might only be triggered if Bitcoin picks up momentum and follows the bullish trend. The price of the number one cryptocurrency has also been supported mainly by retail, but the research “would like to see a Q4 2020 repeat”.

At that time, retail was buying BTC and ETH and in Q4, whales took over and prices were able to reach new highs.

Bitcoin Ethereum Eth Ethusdt
In Q4 2020 whales (red dots on the chart) took over retail (green dots) and push BTC’s price into new highs, will history repeat? Source: Jarvis Labs via Twitter

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Eternal Bots in Zelysium: Fascinating Metaverse with Intriguing Storyline

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Eternal Bots In Zelysium: Fascinating Metaverse With Intriguing Storyline

Dubai,UAE, (August 11,2022) – Zelysium is one of the first universes that mark to be the epicenter of the inevitable greatness of the Metaverse. Zelysium has a massive storyline with seven chapters. The storyline is made as original webcomics, animated motion pictures based on the comics, and an immersive tell-a-tale game in the metaverse.

Metaverse is an evolving sector as of today, various entertainment products and services have been expanding within the boundless domain. The above-mentioned constituents in the Zelysium provide users with an exhilarating experience.

EternalBots : The Inception, the story starts in a futuristic timeline in 20 GY ( Galactic years). Eternal bots are in the middle of the war, stuck in a reverse timeline, and reach the earth. Then they meet Human Beings……… and from there story continues The EternalBots NFTs are the Genesis collection of 8888 unique 3D rendered NFTs categorized into eight clans based on the power source with over 150 traits.

EternalBots’ artwork is entirely 3D modelled and generated, ready for integration into the Metaverse and highly compatible. The holders will travel with these Bots in the Metaspace and will receive assistance, special privileges and premium features on the platform.

The original webcomics with animated motion pictures in the Zelysium bring out the WOW element. In addition, the storyline will depict the origins of Zelysium and the environment. The EternalBots NFT holders become part of Zelysium’s governance and the metaverse will have open access to the community.

The NFT holders become a part of Zelysium and will enable all access to the platform. In addition, the holders can enter the web app to access top-tier private deals/own governance vote/raffle contests and access the mystery box, liquidity pools and other web 3 features. 

We double the NFT utility with $ZEL token emission, where $ZEL is the native token for Zelysium Metaverse. Moreover, Zelysium provides boundless opportunities for the community beyond one’s wildest dreams to push the utilities even further.

About Zelysium

Zelysium strives to revolutionize the traditional entertainment, e-commerce and socializing industries in a massive immersive environment. Our metaverse brings limitless experiences to the users and the community by bridging the physical and virtual worlds together in a decentralized manner. Along, the platforms provide endless opportunities and incentives for the creators/users for participating in various activities, and daily contests, earning rewards for their efforts while having fun building and experiencing the metaverse.

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Contact Details:

Name: Andrew Athisayaraj E R

Contact Email: [email protected]

Country,City: Dubai, UAE

Disclaimer: This is a paid Press Release. Any information contained in this website is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. The NewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release.

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Billionaire Mark Cuban Sued by Voyager Digital Investors

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Billionaire Mark Cuban Sued By Voyager Digital Investors