Huobi-backed SocialFi Platform, Torum to Make Social Metaverses a Reality with Avatar NFTs

Torumconsole.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);

Press Release: Torum is set to launch a pioneering social metaverse and socially integrated Avatar NFTs through a unique SocialFi platform. 

 

29th September 2021, Kuala Lumpur, Malaysia  Torum SocialFi platform has announced that it will be launching a ‘Social Metaverse’ and the world’s first-ever social-integrated Avatar NFT, following a strategic investment from Huobi Ventures back in August 2021.

 

Torum SocialFi Platform 

The conceptualization and creation of metaverses have been on the rise since the explosion of the NFT market, and Torum is leading the social side of this emerging industry with its Huobi-backed SocialFi platform and ecosystem. 

 

The Malaysian-based SocialFi platform has decided to take the lead and build a Social Metaverse within the crypto and blockchain industry. This evolution will kick off from the launch of the world’s first-ever social-integrated Avatar NFT.

 

Meet your Metaverse Identity

Powered by Binance Smart Chain, Torum is releasing 21 sets of Genesis Avatar NFTs that are designed with custom themes and popular cultural references. Each avatar represents a one-and-only identity in the Torum metaverse, joined by over 115,000 other users. The BEP-1155 Avatar NFT is created by combining 6 different types of Avatar pieces of different rarity, which are only obtained through the Torum Genesis Blind Box NFT. 

 

There are more than 85 million Avatar variations to be explored, allowing the community to express their full inner creativity. As the Avatar NFT is integrated directly into Torum, the owner can use the Avatar as a socialized metaverse profile, bringing the combination of “Social + NFT” concepts into life.

 

Genesis Blind Box NFT

Each blind box contains one unit of Avatar NFT piece that is used to assemble a full Avatar NFT set and can only be purchased using the native token of Torum, XTM. To ensure equal opportunities for everyone, the chance of each NFT drop is completely fair and transparent as the total supply is pre-determined through smart contracts and traceable via blockchain.

 

Every XTM spent in the blind box purchase will be burned from the total token supply forever. As the circulating supply of XTM is reduced, it creates a win-win situation for every party in a wholesome metaverse economy.

 

Gateway to Crypto Social Metaverse

As the metaverse concept is still in its infancy stage, there is a massive untapped potential for a socialized metaverse. The Avatar integration is a perfect scenario of how Torum can unleash the possibility of owning a Metaverse identity on social media platforms.

 

The Avatar NFTs and NFT pieces unlocked from the blind box can also be listed and traded on Torum NFT Marketplace upon availability. The swift and flexible approach of the multi-chain SocialFi project has also led to the integration of DeFi and crypto marketing tools like Torum Finance and Torum Lounge respectively. 

 

With over 115,000 registered users and Huobi Ventures behind its back, Torum is always ready to adapt and integrate any blockchain trend that emerges in the crypto industry, including Metaverse.

 

Torum Socials

Website | Twitter | Telegram | Medium | Facebook

 

Media Contact Details

Contact Name: Jayson Tan

Contact Email: hello@torum.com  

 

Torum is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

Source

The post Huobi-backed SocialFi Platform, Torum to Make Social Metaverses a Reality with Avatar NFTs appeared first on Bitcoin PR Buzz.

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Huobi-backed SocialFi Platform, Torum to Make Social Metaverses a Reality with Avatar NFTs

Torumconsole.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);

Press Release: Torum is set to launch a pioneering social metaverse and socially integrated Avatar NFTs through a unique SocialFi platform. 

 

29th September 2021, Kuala Lumpur, Malaysia  Torum SocialFi platform has announced that it will be launching a ‘Social Metaverse’ and the world’s first-ever social-integrated Avatar NFT, following a strategic investment from Huobi Ventures back in August 2021.

 

Torum SocialFi Platform 

The conceptualization and creation of metaverses have been on the rise since the explosion of the NFT market, and Torum is leading the social side of this emerging industry with its Huobi-backed SocialFi platform and ecosystem. 

 

The Malaysian-based SocialFi platform has decided to take the lead and build a Social Metaverse within the crypto and blockchain industry. This evolution will kick off from the launch of the world’s first-ever social-integrated Avatar NFT.

 

Meet your Metaverse Identity

Powered by Binance Smart Chain, Torum is releasing 21 sets of Genesis Avatar NFTs that are designed with custom themes and popular cultural references. Each avatar represents a one-and-only identity in the Torum metaverse, joined by over 115,000 other users. The BEP-1155 Avatar NFT is created by combining 6 different types of Avatar pieces of different rarity, which are only obtained through the Torum Genesis Blind Box NFT. 

 

There are more than 85 million Avatar variations to be explored, allowing the community to express their full inner creativity. As the Avatar NFT is integrated directly into Torum, the owner can use the Avatar as a socialized metaverse profile, bringing the combination of “Social + NFT” concepts into life.

 

Genesis Blind Box NFT

Each blind box contains one unit of Avatar NFT piece that is used to assemble a full Avatar NFT set and can only be purchased using the native token of Torum, XTM. To ensure equal opportunities for everyone, the chance of each NFT drop is completely fair and transparent as the total supply is pre-determined through smart contracts and traceable via blockchain.

 

Every XTM spent in the blind box purchase will be burned from the total token supply forever. As the circulating supply of XTM is reduced, it creates a win-win situation for every party in a wholesome metaverse economy.

 

Gateway to Crypto Social Metaverse

As the metaverse concept is still in its infancy stage, there is a massive untapped potential for a socialized metaverse. The Avatar integration is a perfect scenario of how Torum can unleash the possibility of owning a Metaverse identity on social media platforms.

 

The Avatar NFTs and NFT pieces unlocked from the blind box can also be listed and traded on Torum NFT Marketplace upon availability. The swift and flexible approach of the multi-chain SocialFi project has also led to the integration of DeFi and crypto marketing tools like Torum Finance and Torum Lounge respectively. 

 

With over 115,000 registered users and Huobi Ventures behind its back, Torum is always ready to adapt and integrate any blockchain trend that emerges in the crypto industry, including Metaverse.

 

Torum Socials

Website | Twitter | Telegram | Medium | Facebook

 

Media Contact Details

Contact Name: Jayson Tan

Contact Email: hello@torum.com  

 

Torum is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

Source

The post Huobi-backed SocialFi Platform, Torum to Make Social Metaverses a Reality with Avatar NFTs appeared first on Bitcoin PR Buzz.

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Source: BPRB Feed

Source: thinkbitcoins

Social Media Platform Torum Announces Strategic Investment by Huobi Ventures HECO Fund

Torum Huobiconsole.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);

Bitcoin Press Release: Torum announces strategic investment by Huobi Ventures, the $100 million venture arm of Huobi Group to foster blockchain adoption and ecosystem expansion.

 

5th August 2021, Kuala Lumpur, Malaysia — On the eve of the project’s 1st year launch anniversary, social media platform Torum has released its H2 strategic ecosystem expansion plan, prioritizing the construction of a one-stop crypto ecosystem. The plan includes core features that aim to solve the industry’s information asymmetry problems and improve the connection between projects and communities through a social-based ecosystem.

 

Torum H2 Strategic Ecosystem Expansion Plan

The Torum H2 Strategic Ecosystem Extension plan will include numerous core features, including:

 

  • Torum NFT Launchpad: The INO platform for projects to issue a set of limited-edition NFTs to the community
  • Torum NFT Marketplace: The first social-infused NFT marketplace with the ability to market NFTs to the users of Torum.
  • Torum Airdrop: A premium section for projects to conduct airdrop to the Torum community
  • Torum News: A one-stop news and information aggregator for projects
  • Torumgram: A bridge that connects Telegram groups and channels into Torum
  • Torum Lounge: An audio-only board to conduct AMA and close-engaging events.

 

The expansion plan has caught the attention of the Huobi Ventures HECO Fund, which led to the strategic investment of the VC firm on Torum. With Huobi Ventures coming into the fold, Torum will assist in the expansion of the Huobi ecosystem from marketing and community building aspects, particularly in connecting Huobi and HECO-based projects with the Western market.

 

Yi Feng Go, CEO & Founder of Torum said that:

 

“Community consensus has always been the largest asset of Torum. However, the vast potential of a social media ecosystem like Torum is yet explored completely at such an early phase. With the support of Huobi Ventures, we are confident that Torum can grow exponentially by bringing onboard HECO-based projects and their communities for the next 6 to 12 months. We are super excited to be working closely with ecosystem partners like Huobi Ventures.”

 

As part of the strategic investment, Huobi Ventures will provide resource access to exclusive media partners, community building, and project connections for Torum. The resource integration from Huobi will further expand the ecosystem outreach of Torum, which has already accumulated over 64,000 cryptocurrency enthusiasts from over 10 countries, including the U.S, Canada, Latvia, Spain, Germany, France, Poland, Malaysia, etc.

 

Huobi Ventures and HECO 

One of the key focuses of Torum for H2 2021 is to bring onboard quality HECO-based projects to its social media ecosystem. With the support of Huobi Ventures, Torum can provide premium benefits to HECO-based projects including access to the Western market, community building tools, brand exposure, community integration, and more.

 

Loki, Investment Manager of Huobi Ventures commented that:

 

“Huobi Ventures HECO Fund strives to expand the Huobi ecosystem and welcome high-quality HECO-based projects like Torum. With the addition of a crypto-centric social media platform to our portfolio, we can utilize the core features of Torum like NFT Launchpad to provide community and resources outreach for the projects on the HECO ecosystem.”

 

Visit the Torum website to have a glimpse into the future of social media, or keep up to date with all Torum developments through the company’s official Twitter account.

 

About Huobi Ventures HECO Fund

Huobi Ventures is a wholly-owned subsidiary of the world’s second-largest cryptocurrency exchange, Huobi Group is focused on boosting the firm’s investment portfolio and providing long-term support for innovative blockchain projects.

 

Huobi Ventures HECO Fund mainly invests in upstream and downstream initiatives in the global blockchain industry. In addition to its exchange business, its investments also cover the primary market, secondary market quantitative funds, investment banking, incubators, asset management, wallets, mining, market data vendors, the global community, media, cybersecurity, public chains, DAPP, and platforms, regulation, talent recruiting, training, and research.

 

About Torum

Torum is the world’s first DeFi + NFT integrated social media platform that is specially designed for cryptocurrency users. Backed by AU21, Consensus Lab, DFG, M6, Waterdrip Capital, and 15 other prominent crypto VCs, Torum is now one of the fastest-growing crypto social media platforms with an impressive 20 – 30% monthly user growth rate.

 

Torum Socials

Twitter | Telegram | Medium | Facebook

 

Media Contact Details

Contact Name: Jayson Tan

Contact Email: hello@torum.com

 

Torum is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

Source

The post Social Media Platform Torum Announces Strategic Investment by Huobi Ventures HECO Fund appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – World´s First Crypto PR Agency with 9+ Years, 900+ clients, 1500+ press releases

Source: BPRB Feed

Social Media Platform Torum Announces Strategic Investment by Huobi Ventures HECO Fund

Torum Huobiconsole.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);

Bitcoin Press Release: Torum announces strategic investment by Huobi Ventures, the $100 million venture arm of Huobi Group to foster blockchain adoption and ecosystem expansion.

 

5th August 2021, Kuala Lumpur, Malaysia — On the eve of the project’s 1st year launch anniversary, social media platform Torum has released its H2 strategic ecosystem expansion plan, prioritizing the construction of a one-stop crypto ecosystem. The plan includes core features that aim to solve the industry’s information asymmetry problems and improve the connection between projects and communities through a social-based ecosystem.

 

Torum H2 Strategic Ecosystem Expansion Plan

The Torum H2 Strategic Ecosystem Extension plan will include numerous core features, including:

 

  • Torum NFT Launchpad: The INO platform for projects to issue a set of limited-edition NFTs to the community
  • Torum NFT Marketplace: The first social-infused NFT marketplace with the ability to market NFTs to the users of Torum.
  • Torum Airdrop: A premium section for projects to conduct airdrop to the Torum community
  • Torum News: A one-stop news and information aggregator for projects
  • Torumgram: A bridge that connects Telegram groups and channels into Torum
  • Torum Lounge: An audio-only board to conduct AMA and close-engaging events.

 

The expansion plan has caught the attention of the Huobi Ventures HECO Fund, which led to the strategic investment of the VC firm on Torum. With Huobi Ventures coming into the fold, Torum will assist in the expansion of the Huobi ecosystem from marketing and community building aspects, particularly in connecting Huobi and HECO-based projects with the Western market.

 

Yi Feng Go, CEO & Founder of Torum said that:

 

“Community consensus has always been the largest asset of Torum. However, the vast potential of a social media ecosystem like Torum is yet explored completely at such an early phase. With the support of Huobi Ventures, we are confident that Torum can grow exponentially by bringing onboard HECO-based projects and their communities for the next 6 to 12 months. We are super excited to be working closely with ecosystem partners like Huobi Ventures.”

 

As part of the strategic investment, Huobi Ventures will provide resource access to exclusive media partners, community building, and project connections for Torum. The resource integration from Huobi will further expand the ecosystem outreach of Torum, which has already accumulated over 64,000 cryptocurrency enthusiasts from over 10 countries, including the U.S, Canada, Latvia, Spain, Germany, France, Poland, Malaysia, etc.

 

Huobi Ventures and HECO 

One of the key focuses of Torum for H2 2021 is to bring onboard quality HECO-based projects to its social media ecosystem. With the support of Huobi Ventures, Torum can provide premium benefits to HECO-based projects including access to the Western market, community building tools, brand exposure, community integration, and more.

 

Loki, Investment Manager of Huobi Ventures commented that:

 

“Huobi Ventures HECO Fund strives to expand the Huobi ecosystem and welcome high-quality HECO-based projects like Torum. With the addition of a crypto-centric social media platform to our portfolio, we can utilize the core features of Torum like NFT Launchpad to provide community and resources outreach for the projects on the HECO ecosystem.”

 

Visit the Torum website to have a glimpse into the future of social media, or keep up to date with all Torum developments through the company’s official Twitter account.

 

About Huobi Ventures HECO Fund

Huobi Ventures is a wholly-owned subsidiary of the world’s second-largest cryptocurrency exchange, Huobi Group is focused on boosting the firm’s investment portfolio and providing long-term support for innovative blockchain projects.

 

Huobi Ventures HECO Fund mainly invests in upstream and downstream initiatives in the global blockchain industry. In addition to its exchange business, its investments also cover the primary market, secondary market quantitative funds, investment banking, incubators, asset management, wallets, mining, market data vendors, the global community, media, cybersecurity, public chains, DAPP, and platforms, regulation, talent recruiting, training, and research.

 

About Torum

Torum is the world’s first DeFi + NFT integrated social media platform that is specially designed for cryptocurrency users. Backed by AU21, Consensus Lab, DFG, M6, Waterdrip Capital, and 15 other prominent crypto VCs, Torum is now one of the fastest-growing crypto social media platforms with an impressive 20 – 30% monthly user growth rate.

 

Torum Socials

Twitter | Telegram | Medium | Facebook

 

Media Contact Details

Contact Name: Jayson Tan

Contact Email: hello@torum.com

 

Torum is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

Source

The post Social Media Platform Torum Announces Strategic Investment by Huobi Ventures HECO Fund appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – World´s First Crypto PR Agency with 9+ Years, 900+ clients, 1500+ press releases

Source: BPRB Feed

Source: thinkbitcoins

Peer-to-Peer Internet ThreeFold Goes Multichain to Accelerate Token Accessibility

photo_2021-04-29_14-47-29console.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);

Press Release: Peer-to-peer internet ThreeFold integrates with several popular blockchain ecosystems in an effort to increase adoption for the world’s largest such network

 

29th April 2021, Dubai, United Arab Emirates – ThreeFold plans to integrate its peer-to-peer internet platform with three of the leading blockchain ecosystems in the decentralized finance (DeFi) space; Binance Smart Chain (BSC), Ethereum, and Huobi’s ECO Chain. 

 

ThreeFold is set to integrate BSC in the next couple of weeks, with Ethereum and Huobi’s ECO Chain following shortly later on in Q2. These integrations will provide the ThreeFold ecosystem access to a wide array of DeFi applications. In turn, this will allow ThreeFold to be more accessible to the DeFi world and provide ThreeFold Farmers and users with more platforms to exchange TFT.

 

ThreeFold’s bold move comes while the wider cryptocurrency market is booming. The total value of all cryptocurrency-related or blockchain-based projects has surpassed $2.1 trillion in recent weeks, as market leaders, such as Bitcoin and Ethereum, set new all-time highs. Accordingly, interest in blockchain technology is soaring as the number of active projects in the space nears 9,000. 

 

Moreover, in an environment in which internet use for all aspects of life is soaring owing to COVID-19 restrictions, ThreeFold’s main value proposition  – a truly peer-to-peer internet platform – is gaining traction. ThreeFold sees the sustainability of internet services in the long run and its decentralization as inseparable.  

 

Democratizing the Internet 

 

But why is this needed? The internet today is hosted by a small group of well-resourced companies that are responsible for the maintenance of data centres which provide the server and storage space for the vast quantity of content on the internet. In addition, these same companies are finding a way to monopolize the network connections that allow data to flow around the globe. 

 

As a result, decisions made by these companies have the power to entirely change the landscape of the internet unilaterally, without contest. Given the fact that the internet is now integral to much of the world’s industry, as well as many ways of life, the disproportionate power that these companies wield makes them the de facto governors of the future of humanity’s development. 

 

Just as Satoshi Nakamoto envisioned the democratization of the financial system through decentralization, ThreeFold is on a similar quest to democratize the internet with a unique combination of autonomous and blockchain technology. The benefits would be clear. More internet users would benefit from a neutral peer-to-peer platform on which to store their data and run their applications privately and securely.. Moreover, decentralization removes the internet’s singular potential points of failure which could seriously disrupt the global Internet and Cloud industry. 

 

A Multichain Future

 

ThreeFold’s upcoming integration with BSC, Ethereum, and Huobi’s ECO Chain is a critical part of continuing to grow and cultivate the world’s largest peer-to-peer internet platform. Ethereum is the number one platform for decentralized applications (dApps) in the cryptocurrency and blockchain space as of today. 

 

Accordingly, ThreeFold’s platform will be put on the radar of the vast number of Ethereum users who could quite effortlessly become the much-needed nodes in its vision of a decentralized internet. Furthermore, there is a wealth of decentralized development expertise concentrated in the Ethereum-sphere, as well as in both Binance’s and Huobi’s blockchain ecosystems. In addition to improving compatibility with these platforms, ThreeFold will be able to tap into these development skills, inviting experienced dApp developers to build their applications on top of the ThreeFold Grid.

 

Comparatively, ThreeFold’s ambitious integration plans put it far ahead of similar projects in the decentralized internet space, which are traditionally Ethereum-based. However, with the increasing cost of Ethereum-based development and its slower than required scalability updates, ThreeFold’s peer-to-peer Internet will remain affordable, scalable, and simple for developers. 

 

About ThreeFold 

 

ThreeFold is developing a peer-to-peer internet platform that aims to liberalize what it labels as a centralized and unequally distributed internet. Its platform, called the ThreeFold Grid, comprises over +600 servers in 25+ different countries around the world, delivering approximately 80 PB in storage and over 16,000 CPU cores worldwide, making it the largest storage and compute peer-to-peer internet network in the world. See ThreeFold Grid’s statistics in more detail using their explorer here

 

Each server runs ThreeFold’s stateless and lightweight open-source operating system, Zero-OS, and is set up and operated by independent individuals and organizations called Farmers. Farmers earn rewards in TFT – the platform’s native token – for their participation. TFT is the currency of the ThreeFold Grid, with each token representing a unit of storage and compute on the platform. Grid users can use these tokens to reserve the storage and compute they need to store, build and share on the platform’s internet network.

 

ThreeFold’s ultimate vision is to be part of the movement to fully democratize the internet worldwide. 

 

To learn more about how ThreeFold plans to democratize the internet, visit their website here. For more information on TFT and how it fits into ThreeFold’s overall plans, see this page

 

Follow ThreeFold on Twitter: https://twitter.com/threefold_io 

Read ThreeFold’s documentation on Github: https://github.com/threefoldfoundation 

Like ThreeFold’s page on Facebook: https://www.facebook.com/threefold.io 

 

Media Contact Details 

Contact Name: Amazix Press Team 

Contact Email: press@amazix.com 

THREEFOLD is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Source

The post Peer-to-Peer Internet ThreeFold Goes Multichain to Accelerate Token Accessibility appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – World´s First Crypto PR Agency with 9+ Years, 900+ clients, 1500+ press releases

Source: BPRB Feed

Peer-to-Peer Internet ThreeFold Goes Multichain to Accelerate Token Accessibility

photo_2021-04-29_14-47-29console.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);

Press Release: Peer-to-peer internet ThreeFold integrates with several popular blockchain ecosystems in an effort to increase adoption for the world’s largest such network

 

29th April 2021, Dubai, United Arab Emirates – ThreeFold plans to integrate its peer-to-peer internet platform with three of the leading blockchain ecosystems in the decentralized finance (DeFi) space; Binance Smart Chain (BSC), Ethereum, and Huobi’s ECO Chain. 

 

ThreeFold is set to integrate BSC in the next couple of weeks, with Ethereum and Huobi’s ECO Chain following shortly later on in Q2. These integrations will provide the ThreeFold ecosystem access to a wide array of DeFi applications. In turn, this will allow ThreeFold to be more accessible to the DeFi world and provide ThreeFold Farmers and users with more platforms to exchange TFT.

 

ThreeFold’s bold move comes while the wider cryptocurrency market is booming. The total value of all cryptocurrency-related or blockchain-based projects has surpassed $2.1 trillion in recent weeks, as market leaders, such as Bitcoin and Ethereum, set new all-time highs. Accordingly, interest in blockchain technology is soaring as the number of active projects in the space nears 9,000. 

 

Moreover, in an environment in which internet use for all aspects of life is soaring owing to COVID-19 restrictions, ThreeFold’s main value proposition  – a truly peer-to-peer internet platform – is gaining traction. ThreeFold sees the sustainability of internet services in the long run and its decentralization as inseparable.  

 

Democratizing the Internet 

 

But why is this needed? The internet today is hosted by a small group of well-resourced companies that are responsible for the maintenance of data centres which provide the server and storage space for the vast quantity of content on the internet. In addition, these same companies are finding a way to monopolize the network connections that allow data to flow around the globe. 

 

As a result, decisions made by these companies have the power to entirely change the landscape of the internet unilaterally, without contest. Given the fact that the internet is now integral to much of the world’s industry, as well as many ways of life, the disproportionate power that these companies wield makes them the de facto governors of the future of humanity’s development. 

 

Just as Satoshi Nakamoto envisioned the democratization of the financial system through decentralization, ThreeFold is on a similar quest to democratize the internet with a unique combination of autonomous and blockchain technology. The benefits would be clear. More internet users would benefit from a neutral peer-to-peer platform on which to store their data and run their applications privately and securely.. Moreover, decentralization removes the internet’s singular potential points of failure which could seriously disrupt the global Internet and Cloud industry. 

 

A Multichain Future

 

ThreeFold’s upcoming integration with BSC, Ethereum, and Huobi’s ECO Chain is a critical part of continuing to grow and cultivate the world’s largest peer-to-peer internet platform. Ethereum is the number one platform for decentralized applications (dApps) in the cryptocurrency and blockchain space as of today. 

 

Accordingly, ThreeFold’s platform will be put on the radar of the vast number of Ethereum users who could quite effortlessly become the much-needed nodes in its vision of a decentralized internet. Furthermore, there is a wealth of decentralized development expertise concentrated in the Ethereum-sphere, as well as in both Binance’s and Huobi’s blockchain ecosystems. In addition to improving compatibility with these platforms, ThreeFold will be able to tap into these development skills, inviting experienced dApp developers to build their applications on top of the ThreeFold Grid.

 

Comparatively, ThreeFold’s ambitious integration plans put it far ahead of similar projects in the decentralized internet space, which are traditionally Ethereum-based. However, with the increasing cost of Ethereum-based development and its slower than required scalability updates, ThreeFold’s peer-to-peer Internet will remain affordable, scalable, and simple for developers. 

 

About ThreeFold 

 

ThreeFold is developing a peer-to-peer internet platform that aims to liberalize what it labels as a centralized and unequally distributed internet. Its platform, called the ThreeFold Grid, comprises over +600 servers in 25+ different countries around the world, delivering approximately 80 PB in storage and over 16,000 CPU cores worldwide, making it the largest storage and compute peer-to-peer internet network in the world. See ThreeFold Grid’s statistics in more detail using their explorer here

 

Each server runs ThreeFold’s stateless and lightweight open-source operating system, Zero-OS, and is set up and operated by independent individuals and organizations called Farmers. Farmers earn rewards in TFT – the platform’s native token – for their participation. TFT is the currency of the ThreeFold Grid, with each token representing a unit of storage and compute on the platform. Grid users can use these tokens to reserve the storage and compute they need to store, build and share on the platform’s internet network.

 

ThreeFold’s ultimate vision is to be part of the movement to fully democratize the internet worldwide. 

 

To learn more about how ThreeFold plans to democratize the internet, visit their website here. For more information on TFT and how it fits into ThreeFold’s overall plans, see this page

 

Follow ThreeFold on Twitter: https://twitter.com/threefold_io 

Read ThreeFold’s documentation on Github: https://github.com/threefoldfoundation 

Like ThreeFold’s page on Facebook: https://www.facebook.com/threefold.io 

 

Media Contact Details 

Contact Name: Amazix Press Team 

Contact Email: press@amazix.com 

THREEFOLD is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Source

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