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The Future of Blockchain, cryptocurrency, and Metaverse, 2024 – NORQUE a promising new project

Published

6 months ago

12 July, 2024

As the New Year is here, it’s the perfect time to reflect on the future of the blockchain, cryptocurrencies, and the metaverse in 2024 and beyond. Between 2020 and 2021, an incredible bull market saw crypto prices rise to all-time highs, and people and organisations worldwide jumped at the chance to invest. Yet since then, the outlook has appeared bleak, with numerous projects in the space crashing and the prices of even the most popular cryptocurrencies experiencing sharp declines.Many organisations and members of the general public have now lost faith in the potential of the technology, or view it as a bubble that bursts. Yet the future of the blockchain in 2024 stands to be more promising than many people realise, thanks to the emergence of new projects with tangible value that have learned from the mistakes of their predecessors.

One of these projects is NORQUE , an up-and-coming protocol that uses artificial intelligence, machine learning, and blockchain technology to issue risk mitigation services, own blockchain, CEX, DEX, and similar applications. Let’s take a look at the platform in further detail, contrast it with previous crypto failures, and examine the future of the blockchain.

Charting the history of blockchain, metaverse and cryptocurrency
It’s fair to say that the blockchain world has experienced a volatile past few years. First, there was the boom. During the pandemic, global lockdowns brought the potential use cases of the metaverse into the spotlight — in virtual worlds like Decentraland, people could interact with friends or colleagues from the safety of their own homes. This led to major brands like Gucci and celebrities like Snoop Dogg rushing to take action and purchase virtual land. A boom in the larger crypto market followed.

Yet the good times didn’t last. In May 2022, there was the infamous Terra-Luna crash. The Terra Network relied on a stablecoin (a cryptocurrency supposed to have a stable value) called UST, which lost its peg with the US dollar. Panic among investors caused the protocol’s other cryptocurrency, Luna, to crash — and the sentiment spread across the wider market. The prices of most other cryptocurrencies fell — even the best-known digital coins like Bitcoin.

This was far from the only issue the crypto world experienced. Another famous example is the case of FTX, one of the world’s biggest cryptocurrency exchanges. The exchange collapsed due to mismanagement of funds in November 2022; customers withdrew their money, which exposed a lack of liquidity. A complete crash followed, and the founder is currently undergoing trial. Events like these served to reduce public faith in cryptocurrencies and blockchain projects, with many people viewing them as ‘scams.’

Where the problem lay
There’s a theme among all these failed projects and the decline of blockchain: The lack of tangible value in any of the projects.For instance, bitcoin was created as an alternative to fiat currency, but its lack of sustainability means broad usage of the coin would be disastrous for the planet.

Examples like Doge are even more extreme. The coin was made as a ‘memecoin’ as a joke and had no real application, yet many people decided to buy it anyway. Elon Musk pumped the value of dogecoin by encouraging his followers to invest in the coin, but they eventually lost their money (while he profited). These cases tarnished the reputation of blockchain technology, and many people began to see cryptocurrencies as ‘scams’ that didn’t do anything useful.

After a turbulent few years, the blockchain sphere is in dire need of a game-changing project to reignite the market. Fortunately, there’s one protocol that promises to do precisely that.

Introducing NORQUE Universe
NORQUE is an up-and-coming blockchain-based project that offers a comprehensive solution to shake up the insurance world — and the entire blockchain, metaverse, and cryptocurrency landscape.

The protocol uses artificial intelligence and machine learning technology to offer a unique use case: Carrying out various insurance use cases through the blockchain, including taking out insurance policies and solving insurance claim settlements. AI is used to settle claims and recommend people the best insurance policy for their needs, and the entire process is decentralised on the blockchain. This promises to shake up the financial services industry by providing an alternative to expensive financial advisors.

It will also benefit insurance companies by giving them a new risk ratio to calculate premiums, which will reduce operating costs and increase profits. Since all the data will be recorded on blockchain, firms will be able to use authentic data to make business decisions.

It combines Web3, the metaverse, cryptocurrencies, and the physical world in one fell swoop to revolutionise the digital landscape.

With fast and secure artificial intelligence and machine learning to power its DEX, CEX, and blockchain, plus a payment application that can do wonders, this is NORQUE Universe. Working wonders and performing many functionalities in one place.

Why NORQUE is different

Unlike the cryptocurrencies outlined above that spiked in value after generating a buzz — only to fall from grace — NORQUE genuinely provides value for its users. Research has shown that a barrier to cryptocurrency adoption is that they’re considered to lack intrinsic value, and NORQUE hopes to change this. In contrast, NORQUE’s NOQ Token/Coin will be backed by Real Estate and FMCG products, ensuring its value will go up in the markets.

The project is protecting people’s investments from unforeseen circumstances for the first time. NORQUE will provide risk mitigation products, such as insurance for Web3, the metaverse, and cryptocurrencies, alongside physical investments. If this service had existed before, it could have prevented events such as the FTX Collapse by giving all parties involved a way to secure their assets.

How will the project ensure the future of AI and the metaverse
The metaverse is struggling to gain widespread acceptability. Although several celebs and brands — like Gucci, Snoop Dogg, Daler Mehndi, and Warner Music Group — have already bought land in the metaverse, many are unsure about the viability of this investment. Therefore, the virtual land investment trend has struggled to gain traction.

People know that these kinds of virtual offerings can be hacked or affected by viruses and malwares easily, leading to the investments’ value becoming zero overnight. This made the future of metaverse uncertain — but NORQUE offers a solution that was designed specifically to address these concerns. It provides insurance for investments, allowing investors to embrace the metaverse without the usual tensions. The project is led by a team of technical masterminds, artificial intelligence experts, and financial market professionals from across the globe. Rumours suggest the project is also backed by the Illuminati society.

As an EU-registered project with the relevant licenses to run a virtual assets business, NORQUE has the credibility needed to disrupt traditional financial services and boost the acceptance of blockchain. The team has already applied for Certik certification, which will give the project further legitimacy and boost investment potential. Analysts predict that the value of the project will rise by 250-300% once NORQUE obtains the certification.

Many top media giants are already covering the NORQUE at the beginning of the journey.

Offerings of NORQUE
NORQUE promises to be game-changing for the blockchain, cryptocurrency and metaverse industry, but the protocol offers so much more. It will have a coin/token, known as NOQ, which people can use to purchase insurance policies or other items. The coin is also backed by real assets, including real estate and FMCG, which helps it to retain value. In contrast, USDT was an algorithmic stablecoin, which made its value more precarious and less tangible.

The NORQUE Universe is going to offer the first application ever to allow payment via cryptocurrency, in this way, by using this application, people can make instant cross-border payments and convert to any currency without the exorbitant exchange rates involved in fiat currency exchanges. It will also offer a more inclusive environment that doesn’t exclude people who can’t access a traditional bank account.

Plus, NORQUE has its decentralised exchange (DEX) and centralised exchange (CEX), where people can convert between different cryptocurrencies to buy relevant products or services and can do trading with peace of mind. This will allow NORQUE to integrate with other metaverses or blockchain protocols. Before a new cryptocurrency is allowed onto the centralised exchange (CEX), it needs to spend a fixed amount of time on decentralised exchange (DEX) to prove it is worthy of inclusion.

Forget bot trading — NORQUE DEX and CEX will offer trading via artificial intelligence (AI) and machine learning (ML), allowing traders to take calculated risks. They can also cover themselves during risky trades using NORQUE risk mitigation services. This makes the whole environment risk-free, and therefore loss-free.

The tech driving Norque

NOQ coin/token is built on Binance Smart Chain (BSC), a blockchain technology that allows developers to build decentralised finance (DeFi) applications. It boasts low fees, fast transaction times, and high performance, making it feasible for users and developers alike. Plus, BSC is part of the respected name of Binance, one of the biggest blockchain companies in the world.

The NORQUE protocol is also going to develop its blockchain technology, with low transaction fees and the capability to process millions of transactions per second. It will also have its security infrastructure and use artificial intelligence (AI) and machine learning (ML) capabilities to take blockchain technology to a whole new level. All the tokens/coins offered by NORQUE have the interoperability feature, which means that once NORQUE’s revolutionary blockchain is ready, its holder can migrate data and assets from other blockchains.

It also uses AI, which is a huge growth area. For example, Apple has invested millions of dollars into generative AI. But while many businesses (such as Apple) are yet to find a tangible use for AI, NORQUE has found a way to use the technology to genuinely improve peoples’ lives. It combines security, usability, accessibility, and sustainability all in one — blockchain projects have historically had to compromise at least one of these elements, which is why many have failed to reach full acceptance.

The future and acceptance of crypto, blockchain, and the metaverse depend on NORQUE
The history of blockchain, cryptocurrencies, and the metaverse may have centered on projects that spiked in value at first and ultimately crashed due to poor usability, but projects like NORQUE show that things don’t have to be this way.

This revolutionary project demonstrates how blockchain technology has the potential to offer real solutions, such as risk mitigation and insurance claims. As a result, it could prove to be bigger than past protocols like Ethereum and Bitcoin — and ultimately lead to greater mainstream acceptance of the blockchain from governments and the wider public.

How to participate in the revolutionary project:

Key Project Offerings:
1. Insurances for all your needs from virtual assets to any kind of investment, trading, and everything.
2. Secured, artificial intelligence and machine learning enabled blazing fast Blockchain, capable of doing millions of transactions in seconds.
3. Risk mitigation offerings.
4. First payment application with real-time crypto to fiat conversion and instant payment from groceries to anything.
5. Artificial intelligence and machine learning enabled decentraliszed exchange and centraliszed exchange.
6. Universe first token with real usability and backing of real estate and fast moving consumer goods, market.
7. Services for existing insurance companies.

Note: Norque is the project name and the token/coin name is NOQ

Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.

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News

Ether Drops Further After ETF Launch

Published

6 months ago

23 July, 2024

Blocksight Staff

Bitcoin Surpasses $66,000 Thanks to Strong ETF Flows

Key points

Spot ether ETFs began trading in the U.S. today, with the funds initially having more than $10 billion in collective assets under management.
Analysts expect the launch of spot ether ETFs to have a net negative impact on the underlying price of ether in the near term, due to expected outflows from the pre-existing Grayscale Ethereum Trust.
Spot Bitcoin ETFs continue to see strong inflows, with BlackRock’s IBIT alone seeing more than $500 million in inflows on Monday.
Franklin Templeton, a spot ETF issuer on bitcoin and ether, has invested in a project that intends to bring Ethereum technology to Bitcoin.

Nine-point ether exchange-traded funds (ETFs)) started trading on the stock market on Tuesday, but all the optimism ahead of their approval did not translate into gains for the cryptocurrency markets.

Ether (ETH), the native cryptocurrency of the Ethereum blockchain, dropped less than 1% around the $3,400 level as of 1:30 PM ET, while Bitcoin (BTC) fell more than 2% to around $66,000.

Ether ETFs’ Debut Isn’t as Flashy as Bitcoin ETFs’

Spot ether ETFs began trading at just over $10 billion assets under management (AUM)), according to Bloomberg Intelligence analyst James Seyffart, most of that money is in the current Grayscale Ethereum Trust (ETHE) which has now been converted into an ETF.

“In the long term, Grayscale will simultaneously have the highest and lowest fees in the market. The asset manager’s decision to keep its ETHE fee at 2.5% could lead to outflows from the fund,” Kaiko Research said in a note on Monday.

Outflows from ETHE, if they occur, would be similar to those faced by Grayscale’s Bitcoin Trust (GBTC) after spot bitcoin ETFs began trading in January of this year, most likely due to high fees for the two original funds. Grayscale’s existing fund charges 2.5% fees, while a new “mini” ether ETF will charge 0.15% and commissions for other ETFs are set at 0.25% or less.

Such outflows could impact the price of ether and market sentiment.

“There could be a pullback shortly after the launch of Ethereum spot ETFs, i.e. outflows from Grayscale Ether Trust could dampen market sentiment in the short term,” Jupiter Zheng, a partner at Hashkey Capital’s liquid fund, told The Block.

But Grayscale remains optimistic.

“Compared to the splashy debut of spot bitcoin ETPs in January, the launch of ethereum ETPs has been relatively muted,” said Zach Pandl, Grayscale’s head of research, adding that investors may be “undervaluing” ether ETFs that are “coming to the U.S. market in tandem with a shift in U.S. cryptocurrency policy and the adoption of tokenization by major financial institutions.”

Bitcoin ETF Inflows Continue to Rise

As for bitcoin, there is clearly no lack of demand for spot ETFs, such as BlackRock’s iShares Bitcoin Trust (IBITS) recorded its sixth-largest day of inflows in its short history on Monday, at $526.7 million, according to data from Farside Investors. Daily inflows for the overall spot bitcoin ETF market also hit their highest level since June 5.

In particular, asset manager Franklin Templeton, which has issued both bitcoin and ether ETFs, appears to have decided to cover its back when it comes to Ethereum by investing in Bitlayer, a way to implement Ethereum technology on a second-layer Bitcoin network, according to CoinDesk.

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Spot Ether ETFs Start Trading Today: Here’s What You Need to Know

Published

6 months ago

23 July, 2024

Blocksight Staff

Spot Ether ETFs Start Trading Today: Here's What You Need to Know

Key points

Spot ether ETFs will begin trading on U.S. exchanges on Tuesday. Nine ETFs will trade on Cboe BZX, Nasdaq and NYSE Arca.
Ether ETFs offer investors exposure to the price of their underlying assets.
Commissions on these new ETFs generally range from 0.15% to 0.25%.
These ETFs do not provide exposure to Ethereum staking.

The U.S. Securities and Exchange Commission (SEC) has officially approved nine ether spots (ETH)exchange-traded funds (ETFs) for trading on U.S. exchanges. Trading for these new cryptocurrency investment vehicles begins today. Here’s everything you need to know.

What new ether ETFs are starting to trade today?

Spot ether ETFs starting trading today can be found at Quotation, NYSE Arkand Cboe BZX. Here’s a breakdown of each ETF you can find on these three exchanges, along with the fund tickers:

Cboe BZX will list the Invesco Galaxy Ethereum ETF (QETH), the 21Shares Core Ethereum ETF (CETH), the Fidelity Ethereum Fund (FETH), the Franklin Ethereum ETF (EZET) and the VanEck Ethereum ETF (ETHV).

Nasdaq will have the iShares Ethereum Trust ETF (ETHA) created by BlackRock, which also operates the largest spot bitcoin ETF under the ticker IBIT.

NYSE Arca will list the Bitwise Ethereum ETF (ETHW) and the Grayscale Ethereum Trust (ETHE). The Grayscale Ethereum Mini Trust (ETH), which will begin trading on the same exchange.

How does an ether ETF work?

Spot ether ETFs are intended to offer exposure to the price of ether held by the funds. Ether is the underlying cryptocurrency of the Ethereal network, the second largest crypto network by market capitalization.

ETF buyers are buying shares of funds that hold ether on behalf of their shareholders. Different spot ether ETFs use different data sources when it comes to setting the price of ether. Grayscale Ethereum Trust, for example, uses the CoinDesk Ether Price Index.

None of the ETFs launching today include pointed etherwhich represents a potential opportunity cost associated with choosing an ETF over other options such as self-custody or a traditional cryptocurrency exchange.

Ether staking currently has an annual return of 3.32%, according to the Compass Staking Yield Reference Index Ethereum. However, it is possible that the SEC will eventually approve Ether staking held by ETFs.

How can I trade Ether ETFs?

ETFs can simplify the trading process for investors. In the case of cryptocurrencies, instead of taking full custody of the ether and taking care of your own private keysSpot ether ETFs allow investors to purchase the cryptocurrency underlying the Ethereum network through traditional brokerage accounts.

Today, not all brokers may offer their clients spot ETFs on cryptocurrencies.

What are the fees for ether ETFs?

The fees associated with each individual spot ether ETF were previously revealed In the S-1 OR S-3 (depending on the specific ETF) deposit associated with the offerings. These fees are 0.25% or less for all but one.

The Grayscale Ethereum Trust, which converts to an ETF, has a fee of 2.5%. The Grayscale Mini Ethereum Trust has the lowest fee at 0.15%. These fees are charged on an annual basis for the provider’s management of the fund and are in line with what was previously seen with spot bitcoin ETFs.

Brokers may also charge their own fees for cryptocurrency trading.

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News

Kamala Harris Odds Surge Amid $81M Fundraise. What Does It Mean for Bitcoin and Cryptocurrencies?

Published

6 months ago

23 July, 2024

Blocksight Staff

Kamala Harris Odds Surge Amid $81M Fundraise. What Does It Mean for Bitcoin and Cryptocurrencies?

Market odds and memecoins related to US Vice President Kamala Harris have soared as the latest round of donations tied to the Democratic campaign raised $81 million in 24 hours, bolstering sentiment among some traders.

The odds of Harris being declared the Democratic nominee have risen further to 90% on cryptocurrency betting app Polymarket, up from 80% on Monday and setting a new high.

Previously, in early July, bettors were only betting on 8%, but that changed on Saturday when incumbent President Joe Biden announced he would no longer run in the November election. Biden then approved Harris as a candidate.

Polymarket traders placed $28.6 million in bets in favor of Harris, the data showsThe second favorite is Michelle Obama.

Somewhere else, Memecoin KAMA based on Solanaa political meme token modeled after Harris, has jumped 62% to set a new all-time high of 2 cents at a market cap of $27 million. The token is up a whopping 4,000% from its June 18 low of $0.00061, buoyed primarily by the possibility of Harris becoming president.

As such, Harris has yet to publicly comment on cryptocurrencies or her strategy for the growing market. On the other hand, Republican candidate Donald Trump has expressed support for the cryptocurrency market and is expected to appear at the Bitcoin 2024 conference on Saturday.

However, some expect Harris or the Democratic Party to mention the sector in the coming weeks, which could impact price action.

“While he has not yet received the official nomination, there is consensus that last night’s development is in line with current Democratic strategy,” cryptocurrency trading firm Wintermute said in a Monday note emailed to CoinDesk. “Keep an eye on Democrats’ comments on this issue in the coming days.

“The prevailing assumption is that Harris will win the nomination and any deviation from this expectation could cause market volatility,” the firm added.

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Top 30x Cryptocurrency and Coin Presales Today: Artemis Coin at #1, Others Are: BlockDAG, 99Bitcoin, eTukTuk, and WienerAI

Published

6 months ago

23 July, 2024

Blocksight Staff

Top 30x Cryptocurrency and Coin Presales Today: Artemis Coin at #1, Others Are: BlockDAG, 99Bitcoin, eTukTuk, and WienerAI

The cryptocurrency market has seen a lot of growth and imagination lately, with new ventures popping up regularly. A critical pattern in this space is the rise of crypto pre-sales, which give backers the opportunity to get involved with promising projects early on. Artemis is a standout option for crypto investors looking to expand their portfolios amid the many pre-sales currently underway.

Cryptocurrency presales, commonly referred to as initial coin offerings (ICOs), allow blockchain ventures to raise capital by offering their local tokens to early backers before they become available on open exchanges. Investors can take advantage of these presales by purchasing tokens at a lower price. If the project is successful and the token’s value increases, investors stand to receive significant returns.

>>> Explore the best cryptocurrency pre-sales to buy now <<

The Ultimate List of the Top 5 Cryptocurrency Pre-Sales to Invest In

Artemis: The aim of Artemis (ARTMS) will become the cryptocurrency equivalent of eBay or Amazon. The upcoming Phase 4 will see the launch of the Artemis Framework, which will serve as a stage for digital money exchanges where buyers, sellers, specialized organizations and those seeking administration can participate in coherent exchanges.
DAG Block: uses Directed Acyclic Graph technology to increase blockchain scalability.
99bitcoin: operates as a crypto learning platform
WienerAI uses AI-powered trading bots for precise market analysis.
eTukTuk focuses on environmentally sustainable transportation options, such as electric vehicle charging infrastructure.

We have determined that Artemis is the best new cryptocurrency presale for investment after conducting extensive research. It presents itself as the unrivaled cryptocurrency presale choice currently open.

>> Visit the best cryptocurrency pre-sale to invest in now <<

Top 5 Crypto Pre-Sales and Best Cryptocurrencies for Investment Today

Artemis (ARTMS) is attempting to establish itself as the cryptocurrency version of eBay or Amazon. The Artemis Crypto System, which will act as a platform for cryptocurrency transactions, will be launched in Phase 4. Buyers, sellers, service providers, and requesters will all benefit from seamless trading with this system. Customers will be able to purchase things, such as mobile phones using digital money, as well as sell products such as involved bicycles and get paid in cryptocurrency. Additionally, crypto money can be used to pay for administrations such as clinical consultations, legitimate care, and freelance work. Artemis Coin will act as the main currency of the ecosystem, with Bitcoin and other well-known cryptocurrencies from various blockchain networks backing it.

Artemis Coin has increased in price from 0.00055 to 0.00101 from 0.00094. Artemis may be attractive to individuals looking to recoup losses in Bitcoin, as predicted by cryptocurrency analysts. At this point, it seems to present an interesting presale opportunity.

>>> Visit the best cryptocurrency pre-sale to invest in now <<

The world of digital currency pre-sales is an exciting and exciting opportunity that could open the door to game-changing blockchain projects. Projects in this article, like Artemis Coin, offer the opportunity to shape the future of various industries and the potential for significant returns as the industry develops.

However, it is imperative to approach these investments with caution, thorough research, portfolio diversification, and awareness of the risks. You can explore the digital currency pre-sale scene with greater certainty and increase your chances of identifying and profiting from the most promising venture opportunities by following the advice and methods in this article.

>>> Join the best cryptocurrency pre-sale to invest in now <<

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