What You Need To Know About Tezos (XTZ) In 2022

SINGAPORE, Jan 28, 2022 - (ACN Newswire) - 2021 was a huge year for the cryptocurrency market, with huge strides in growth and adoption of digital assets, NFTs, and blockchain worldwide. It was also an incredible year for Moonstake as we rose to the top rankings of global staking providers, reaching a total staking assets of $1.8 billion thanks to the support of our users and partners worldwide. As we begin the new year 2022, Moonstake as well as our strategic coin partners have many exciting news and programs in store for you as our platforms scale and evolve. To welcome our user community into the exciting new year, we're creating a series of articles in collaboration with our strategic partner on what you need to know about our partner coins in the year 2022, this time with Tezos.

Since August 2020, Moonstake has been supporting XTZ staking via strategic partnership with TZ Ventures, a Tezos-centric blockchain startup combinator from South Korea supported by the Tezos Foundation. Since then, Moonstake has hosted a number of campaigns that promoted awareness of the Tezos ecosystem as well as adoption of XTZ staking to global users.

Mainstream adoption of crypto reached an all-time high in 2021 and Tezos was one of the biggest players. Household names include Ubisoft, Red Bull, McLaren, The Grammy Awards, Groupe Casino, Whitney Houston, Doja Cat, Linkin Park, Cambridge University, The Catholic Church, UN Migration Agency, Deloitte, Save the Children, United Nations Development Programme (UNDP), and many more have started building on Tezos network. This has resulted in major growth on Tezos in the realms of NFTs, DeFi, and DApps. By the end of 2021, Tezos recorded over 33 million contract calls on mainnet with 24.5 million transactions being NFT related. In this article, we will be interviewing our partner at TZ Ventures about what is in store for the Tezos ecosystem and its user community in 2022.

Q1 Which 2021 achievements are you the most proud of?

We are very proud of and still support (tech consulting) our incubating firms who received funding - 1 Seed, 1 Series A, 1 Series B funding were secured in 2021. We are also cooperating with prominent projects in the game, NFT, K-pop and fin-tech industries and have signed numerous blockchain research MOUs. Additionally, we are currently incubating established companies in the metaverse and NFT space - projects projected to be the next big thing in Asia.

Q2 What measures are you going to take in 2022 to further increase adoption of Tezos?

Firstly, we will focus on assisting projects in applying for and receiving Tezos Foundation Grants - more than US$2.5 million in funding for over 200 projects in at least eight countries has been granted since Q2 2021. Also, We will leverage the focus of the Tezos Foundation as it positioned itself as the blockchain popular for developers and creators of NFTs: Most notably in Tezos, music NFT platforms such as Quincy Jones-backed OneOf and AmplifyX, as well as art NFT marketplace Hic et Nunc among many built on Tezos. Formula One teams Red Bull Honda Racing and McLaren Racing are also partnering with Tezos to build and create NFTs for fan engagement.

Q3 What can users expect from Tezos in 2022?

As stated previously, you can expect a faster turnaround in the Tezos Foundation Grants process. Also, NFTs will flourish on the Tezos network due to the blockchain's energy-efficient design and lower gas fees.

Moonstake is proud to be strategic partners of TZ Ventures. We will continue to maintain strong support for the ever growing and developing Tezos ecosystem and hope to bring even more great value to XTZ and crypto users worldwide in 2022 to help accelerate adoption of the Tezos and Moonstake ecosystems together.

About Moonstake

As a world-leading staking service provider, Moonstake develops and operates decentralized wallet services for enterprises and end users.

Our full-scale staking business started in August 2020. With the support of users all over the world, our total staking assets has risen to 1.8 billion dollars. In June 2021, we ranked third among 15,000 staking providers globally.

So far, we have expanded our business and ecosystem through about 30 strategic partnerships, including major blockchains such as Emurgo which is a constituent organization of Cardano, TRON, and NEO. In May 2021, we became a wholly owned subsidiary of the listed company "OIO Holdings Limited" on the Singapore Stock Exchange and we are working to further expand Moonstake's business and improve our credibility.

Stratis Interflux

The further development of Stratis' InterFlux protocol has been quietly simmering, focusing on incorporating Token Swaps between Ethereum and the Cirrus Blockchain, enabling popular ERC20 Tokens to find their way to the Stratis Ecosystem. The added functionality within InterFlux is a critical development for Stratis, further bridging the gap between Stratis Blockchain Technologies and Ethereum.

Active projects, such as Opdex, the first wholly decentralized exchange on Stratis, benefit significantly from this further development. Providing the availability and access to popular and established tokens on Ethereum, such as USDT (Tether), Binance USD, SHIBA INU, Wrapped Bitcoin (wBTC), and many more. Testing has already begun internally, with deployment to Testnet expected to occur in the coming days. A two week testing period will be undertaken on Testnet, with the view to promote to Mainnet after successful test criteria is met.

The further development also lays the foundation for supporting the ERC721 standard. Enabling the transfer of NFTs on Ethereum to Stratis for listing on Stratisphere.com resulting in NFT sales incurring 0% Platform Fees and significantly reduced transactional costs. You should expect to see some high-profile transfers occur once the ERC721 becomes activated in the near future! Stratisphere.com is the worlds first zero-fee decentralized NFT Marketplace, offering ultra-low transactional costs and a great user experience. Hundreds of NFTs have already been sold by various content creators using the platform, some of which are established community members with hidden talents, and some are brand new to our ever-growing community!

As always, development progress and community participation requests can be seen within our Discord Server. Be sure to join to keep track of the progress and get involved with testing the new functionality on our Testnet.

Neo project wins second place in Metaverse Alliance hackathon with 3D world platform

Neo community developer Robert Oschler has won second place in the SocialFi category of the Metaverse Alliance hackathon. Oschler's project, Neo3D Live, is a 3D metaverse world that allows users to interact with one another's avatars and participate in events like real-time auctions.

Oschler developed Neo3D Live so that anyone in any part of the world can access the 3D world, regardless of their ability to purchase powerful equipment. Neo3D Live was designed for most of the world's internet users – those without VR headsets or high-end equipment. He said:

Let Metaverse residents form meaningful connections in a virtual world that will run on common hardware, including the millions of smartphones that may be the only link to the Metaverse a citizen in an economically disadvantaged region has. This is a link that has the true power to uplift the millions, if not billions of hard-working, intelligent, decent human beings who have the misfortune of being born in a region that is not economically gifted like other parts of the world.

The platform leverages the ThreeJS graphics library, a graphics engine that is widely accessible. Neo3D Live runs on almost any browser and device, so there is no need for high-powered computer setups.

The platform's beta version allows users to congregate in a digital 3D environment. Real-time video conferencing is embedded into the moveable characters, so participants can see those they're communicating with via live video feed. Oschler said, "By combining true video conferencing where participants can see each other's faces as they talk to one another and move about a fun virtual world, people can once again feel the natural human joy of forming groups based on both social and spatial relationships like they would at a party or a shopping mall."

Oschler also incorporated other elements to make the space feel more natural and interactive. In Neo3D Live, intelligent objects are embedded in the virtual world, responding to an avatar's presence. For example, walking up to a wall with an embedded YouTube video will trigger the video to begin playing. And to create a more real-life experience, a user can hear the sounds of their movements and that of others around them.

NFT Showcase
The first demo of Neo3D Live included the NFT Showcase, a custom room where an individual can purchase an NFT on auction. A demonstration of the live auction can be found below:

The NFT designer can determine who can participate in the Showcase by whitelisting public wallet addresses on Neo N3.

The Neo3D Live smart contract supports derivative commissions, so collectors can earn profits when they sell an artist's NFTs if the artist grants them that right. Further, Oschler intends the NFTs bought and sold through Neo3D Live to be viewable and transferable via third-party marketplaces (i.e., Sky Hut, GhostMarket).

Looking forward, he aims to develop and release a drag-and-drop toolkit (that doesn't require coding ability), so anyone can build a virtual world.