@$29797: Metaverse Thailand to Create Tradable Land NFTs

Metaverse Thailand announced on Friday that it arranged a partnership with Bitkub Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term Technology to create a metaverse on Bitkub Chain. According to the Bangkok Post, land non-fungible token (NFT) sales will be available from May 30.

Thong Lor-Ekkamai-Sukhumvit Soi 71 and Phrom Phong areas of Bangkok will be transformed into digital versions by Metaverse Thailand, the company said. Also, during the Thailand Crypto Expo 2022, Metaverse Thailand Co-Founder, Parin Sathianpagilanagorn, met with Bitkub Blockchain Technology CEO, Passakorn Pannok, to discuss the upcoming phase of development.

As part of the collaboration, land, or hexagons, will be connected and rendered on Metaverse Thailand, making them available for purchase through the Bitkub Metaverse.

As part of the metaverse land sale negotiations, the companies referred to themselves as the “lands department.” The companies also confirmed that hexagons will be traded on the Bitkub Metaverse, and that holders will receive yield Yield A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as an internal rate of return, which may also be used to indicate the owner’s total return, or portion of income, etc.Understanding Yields in FinanceAt any point in time, all financial instruments compete with each other in a given marketplace. Analyzing yields is simply one metric and reflects a singular part of the total return of holding a security. For example, a higher yield allows the owner to recoup his investment sooner, and thus mitigates risk. Conversely, a high yield may have resulted from a falling market value for the security as a result of higher risk. Yield levels are also dictated by expectations of inflation. Indeed, fears of higher levels of inflation in the future suggest that investors would ask for high yield or a lower price versus the coupon today.The maturity of the instrument is also one of the elements that determines risk. The relationship between yields and the maturity of instruments of similar credit worthiness, is described by the yield curve. Overall, long dated instruments typically have a higher yield than short dated instruments.The yield of a debt instrument is typically linked to the credit worthiness and default probability of the issuer. Consequently, the more the default risk, the higher the yield would be in most of the cases since issuers need to offer investors some compensation for the risk. A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as an internal rate of return, which may also be used to indicate the owner’s total return, or portion of income, etc.Understanding Yields in FinanceAt any point in time, all financial instruments compete with each other in a given marketplace. Analyzing yields is simply one metric and reflects a singular part of the total return of holding a security. For example, a higher yield allows the owner to recoup his investment sooner, and thus mitigates risk. Conversely, a high yield may have resulted from a falling market value for the security as a result of higher risk. Yield levels are also dictated by expectations of inflation. Indeed, fears of higher levels of inflation in the future suggest that investors would ask for high yield or a lower price versus the coupon today.The maturity of the instrument is also one of the elements that determines risk. The relationship between yields and the maturity of instruments of similar credit worthiness, is described by the yield curve. Overall, long dated instruments typically have a higher yield than short dated instruments.The yield of a debt instrument is typically linked to the credit worthiness and default probability of the issuer. Consequently, the more the default risk, the higher the yield would be in most of the cases since issuers need to offer investors some compensation for the risk. Read this Term through stakes.

Metaverse Thailand is primarily creating infrastructure to allow additional utilities and use cases for hexagons, which should raise the value of the hexagons in the future. Hackathons have been organized to create additional applications for this purpose.

Metaverse Thailand plans to launch its second phase on May 30. Hexagons can be purchased for 33 KUSDT, 3 KUB, or 333 MVP. “We’ve been developing three items in particular: metaverse technology, the kubchain, and the kubcoin,” Parin commented.

Fidelity’s Metaverse

Fidelity, one of the world’s largest financial service providers, announced last month that it had inaugurated a virtual building in the metaverse to provide financial education and dancing classes.

Fidelity Stack was developed on Decentraland, a web application that simulates a metropolitan area with commerce districts, offices, and event spaces. The application targets people aged 18-35. Fidelity Metaverse ETF gives investors access to companies in virtual environments that include the metaverse, where users can collaborate, socialize and play as well as work on a variety of devices as part of the Fidelity Stack.

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