The new partnership aims to boost the development and collaboration of both projects, allowing for more technical innovation across multiple fields, spanning core product development to exploratory issues such as NFTs, cross promotion, and dual development.

It is through utilising Velas’ blockchain technology and vast industry expertise with IQONIQ FanEcosystem’s current offerings that makes this such a tantalising and truly powerful collaboration for all involved.

The potential of the partnership starts with the newly listed IQQ’s, which recently launched on Bittrex Global, Bitcoin.com, and Changelly. It’s prospective future rests with two key factors. Firstly, the seemingly endless array of ways this new utility token will be used by its holders when the IQONIQ Group’s new app launches later in the year. An app which is set to revolutionise fan engagement in sports and entertainment and which already boasts over 120 global sports property partners across F1, Formula E, football, rugby, cricket, ice hockey, drone racing, and many more. Secondly, how both the app and token businesses are ensuring blockchain as a fundamental lever in guiding the future of fan engagement. Now with Velas’ assistance, the sky’s the limit.

As well as providing a blockchain which is set to deliver even faster transactions at scale, the partnership also sees Velas investing in both IQONIQ FanEcosystem equity, and in purchasing a pre-agreed amount of IQQ tokens. Velas will also provide IQONIQ FanEcosystem’s a grant for development and integration, along with further research and development.

Furthermore, the collaboration of both tech teams will begin, helping to develop products and the wider ecosystem in general, explore cross promotions and marketing campaigns, NFT collaboration, and establish secure account integration.

Speaking of the joint partnership, Kazim Atilla, CEO of IQONIQ FanEcosystem, said: “We are genuinely excited to partner up with Velas Network, as we have finally found a blockchain, capable of executing high speed transactions at scale.

“This functionality is crucial for the IQONIQ App development also, as we currently have 120+ teams, brands and idols, with additional 100+ entities coming on board this year. All of their fans and the rest of our community will use Velas chain to transact within our app seamlessly.

“The chain also has NFT issuance capabilities, an ERC20 bridge and already offers staking to VLX holders — all features which we are delighted to work on together with the Velas Network team.

“IQONIQ is constantly looking to alliance and partner with great companies, great technologies and great businesses, while keeping our eyes open to additional collaborations with more chains which are interested in IQONIQ. ”

Alex Alexandrov, founder of Velas, said: “Velas are excited to have IQONIQ join us on this journey and leverage the full potential of the Velas blockchain to deliver the best in technological development and innovation.

“The Velas blockchain is the fastest-in-class, capable of near limitless throughput, and all with world-leading development behind it. It’s no wonder why projects are turning to Velas for the best chance of success.”

The partnership is not exclusive, and both parties are keen to always look to collaborate further, to advance the solutions for fans, token holders, clients, teams, brands and idols alike. One partnership both parties are keen to explore is around the exciting world of NFTs, with the hope of announcing developments soon.

About Velas

Velas Network AG, headquartered in Switzerland, is an AI-operated dPoS (Delegated Proof of Stake) blockchain project and an ecosystem on which one can develop AI projects, dApps, smart contracts, and more. It is founded by the CEO of the world’s first and biggest altcoin payment processor platform — Coinpayments.net — Alex Alexandrov.

The purpose of Velas is to address and fix the current issues and challenges faced by most existing blockchains, such as centralization, 51% attacks, ‘nothing at stake’ problem, scalability, security, high upfront expenses, and many more. It does so by using neural networks optimized by artificial intuition to enhance its consensus algorithm.

The Velas blockchain, built upon and expanded on the Solana codebase, is one of the fastest blockchains in the world with record-breaking transactions-per-second capabilities and added Ethereum Virtual Machine support, making the Velas blockchain one of the most developmentally capable chains in crypto.

About IQONIQ FanEcosystem

The IQONIQ FanEcosystem OU issues and markets the IQQ Tokens and is an independent entity from IQONIQ Group SARL, which is the owner of the forthcoming revolutionary fan engagement app.

The IQQ Tokens are a pure utility which are currently listed on a number of exchanges, including Bittrex Global, Bitcoin.com, and Changelly. Holders of the tokens will be able to exchange them within the IQONIQ app, once it has launched, to accelerate the number of Loyalty Points held or earned. Loyalty Points can be earned in-app in a number of ways such as engaging and interacting with content and through gamification. The IQQ’s will also unlock a world of access within the app itself, from allowing holders to purchase merchandise to bidding for both physical and digital NFTs.

For more information on the IQONIQ FanEcosystem, and IQQ Tokens, please visit www.iqoniq.io.

The IQONIQ App

IQONIQ is a new fan engagement platform that exclusively targets the sports & entertainment world, which is developed by IQONIQ Group SARL. Providing a game changing solution for fans, while enabling sport clubs to monetize the value of their global fragmented fan base and assets, while including a digital sports-focused marketplace & NFT platform.

IQONIQ is revolutionizing the multi-billion-dollar Sport & Entertainment industry by introducing a best-of-its-kind social engagement platform that enables sport clubs, athletes and entertainers to manage and monetize the value of their global fragmented fan base and social media assets better. With over 100 Sports clubs already partnered with IQONIQ, It provides fans with a richer, rewarding and more personal relationship with their idols and clubs, with a universal, seamless, and gamified loyalty platform and many other features integrated in the IQONIQ App.

IQONIQ is building a complete fan-centric ecosystem, and bridging it to the blockchain world. IQONIQ also provides a digital sports-focused marketplace and a Non-Fungible Token (NFT) platform.

For more information on the IQONIQ App, please visit www.iqoniq.com.

Velas Website | Twitter | Instagram | Facebook | YouTube |Telegram

Listed below is a brief rundown of how this week went down.

Up to date, WAM.app has over 3.8 million users, over 225,000 app downloads, and a total of 810,0000 verified accounts registered, with an average app rating of 4.7. With all the amazing projects presently ongoing by the WAM.app team, this year promises to have an even more increased WAM.app membership and downloads.

The first Ask-Me-Anything session of the year took place in the Telegram group chat of PrestitoCrypto. It was a good occasion for members of the community to familiarize themselves with the WAM.app team, while also learning more about WAM.app. A reward of $100 was shared amongst members with the best questions during the session.

The banano subreddit is a fun and interesting place to get more familiar with banano, and good memes are rewarded with banano tips. Thanks to the banano tip bots on reddit. It is super easy to send Banano to someone by a simple comment command to the tip bot.

As with any type of cryptocurrency, the question comes up with “How do you mine it?” With the incredible variety of faucets and games, there is two ways you can mine Banano. One is a faucet called “Power Plant” that we will cover later this week, but the other is called “Folding @ Home”, which uses your CPU power to help research into diseases like Alzheimer’s, Parkinson’s, Huntington’s, and cancer. In return you earn Banano based off of your contributions.

step one is getting a wallet to store your potassium, the wallet on the app store is called the Kalium wallet. You can use it to receive banano .

Then you can post your address somewhere and receive banano, like this :

To be fair, this is not some shitcoin. Banano has helped to assemble a dedicated community of users that isn’t about trying to get rich quick. They focus on community and having fun. It just so happens to revolve around a meme flavored coin!

Blockchain in itself has multiple ways of supporting climate action, mainly because it’s decentralized, and so it cultivates greater transparency.

Alexandre Gellert Paris, Associate Programme Officer at UNFCCC, says: “As countries, regions, cities, and businesses work to implement the Paris Climate Change Agreement rapidly, they need to make use of all innovative and cutting-edge technologies available. Blockchain could contribute to greater stakeholder involvement, transparency, and engagement and help bring trust and other innovative solutions in the fight against climate change, leading to enhanced climate actions.”

When it comes to carbon offsets, blockchain enhances the transparency, traceability, programmability, and tradability of those offsets. Regen Network has always been at the forefront of introducing natural climate solutions through Web3 adoption. Beginning their journey in 2017, they have been at the forefront of this space, building a platform for ecological regeneration; since then, a myriad of people have woken up and darkened the door of the Web3 carbon markets. Today, within and outside of Web3 projects, globally, people echo the narrative that those at Regen Network have been speaking for years. The world is waking up. This space is growing — and fast. The Earth doesn’t have much time left, and if we are to reach the sustainability goals by 2030, this market has the potential to catapult us toward these outcomes. But we need to collectively adopt the protocols, mechanisms, and narratives for these real-world impacts to effectively shift things in the right direction.

Regen Network’s mission is to be a global accounting system for ecological health and climate finance; therefore, the fact that blockchain is immutable, publicly verifiable, and decentralized is highly beneficial for their core purpose. They decided on a domain-specific blockchain rather than building on top of an existing blockchain such as Ethereum. They want their community to have control over the entire software stack.

The Ecocredit module is the first module that’s available under the recently launched Regen Ledger 2.0. This module allows for the ability to manage classes of ecosystem service credits, including carbon credits, and minting these credits through a batch issuance process.

Today, the entire carbon market, including many renewable energy credits, sits at $220 billion. Gregory Landua, CEO & co-founder of Regen Network, says that it’s safe to say that within the next decade, we’re going to experience a substantial jump towards $2 trillion (based on a 2017 study released by the World Economic Forum) in natural climate solutions alone; it’ll be even more significant if you think about renewables.

Web3 serves as a proxy for innovative economic ideas, how the internet should be structured, and how individuals should participate in this value creation. It has opened the doors to open-source protocols collectively owned through crypto-economics. One of the details that makes blockchain technology so notable for renewable energy is that there is no chance of “double-dipping.” Carbon credits cannot be double spent or double-counted, a common occurrence on the traditional, centralized carbon markets.

Regen is a Layer 0 protocol, exceptionally robust and valuable for the emerging carbon market. Serving as a solution to the world’s largest problem, harnessing the tools and mechanisms that Web3 and blockchain hold to change the face of the climate. Regen Network believes that natural capital assets (ecological assets) will be the most critical form of the capital asset class in the 21st Century. “It might be a crazy thing to say in the crypto space, but it turns out it’s not a crazy thing to say in the rest of the world.” (Gregory Landua)

The voluntary carbon market was structured to drive finance to reduce greenhouse gas emissions. This market has been pioneering new approaches for fighting climate change. Looking at some of the big players in this market right now, KlimaDAO stands out. Their launch was a “monumental inflection point at the interaction of crypto and carbon” (Gregory). Their treasury is backed by carbon credits alone, reaching a market cap of $1 billion in one week. That’s no small feat. Furthermore, the voluntary carbon market has seen a price increase of 25% due in part to the demand for carbon assets created by KlimaDAO. And they’re not alone in forking ecological assets and carbon into their treasury.

Celo pledged 40% of its collateral in ecological credits, such as carbon tonnes. They are also looking into conservation tokens. Regen Network has a partnership with Celo as well. Maker DAO has been going through a governance process to include renewable energy credits and carbon into their treasury. BasinDAO is a global DAO reducing and removing carbon, restoring and protecting nature and improving human health and wealth.

Quality carbon credits and solutions are needed in order to meet demand in the emerging market. Regen’s CarbonPlus credits are voluntary carbon credits, aiding in removing carbon and restoring natural grassland ecosystems. Managed grazing alone can potentially sequester 16.4–26 CO2e (Gt) by 2050. Regen Registry is a platform where one can get paid for regenerative ranch management systems. Livestock grazing alone covers 25% of the world’s land area. On the back of such expansive coverage, perhaps those farmers have a greater responsibility to do their part in regeneration and ensuring that the planet’s degradation doesn’t fall on their shoulders — instead, that they are at the forefront of combating the rapidly failing ecological health.

When we’re seeing the crypto market booming, with more currencies being listed than ever before, it’s no wonder that what drives those currencies forward is beginning to be questioned. When those in this space began waking up to the effects on the climate, having a currency that is in some way backed by ecological credits, has become not only a big step in the right direction — it has become a necessity.

When thinking about what backs a currency such as Bitcoin, the answer lies in computational power. Trust in that process of the competition between miners to get that next block will create that store of value and ability to turn. But according to Landua, neither of those is good enough. “They have to evolve.” And that’s precisely how to begin to get people to innovate by asking questions such as, “how do you back a currency with something that creates more public good or scrubs out or cleans negative externalities?” Gregory predicts that every single stable coin or currency that wants to be competitive will have some percentage of its backing in the form of ecological credit. That is not only driven by market forces but by planetary imperative. It’s something that we, as a civilization, have to do. Regen Network profoundly believes that we have to build a better future for generations to come — today.

Regen Network’s community is vast, including those from the blockchain community, ecosystem service community members, climate change community, and the science community.

Earlier this year, Gregory Landua gave a thought-provoking presentation at Cosmoverse in Lisbon, where he stressed the importance of carbon markets in the world’s ecological health moving forward.

Written by Mathilda DV

LinkedIn: https://www.linkedin.com/in/mathilda-de-villiers-904b6a98/

Twitter: @Mathildawrites