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Blockchain is coming to Minecraft..!

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WHAT IS BLOCKCHAIN

Two non-Microsoft developers have created a blockchain layer in Minecraft

Hemant Singh – Mumbai Uncensored, 28th February 2022

synopsis;

‘NFT Worlds’ is based on Ethereum scaling layer 2 (Polygon) and is built using third-party Minecraft servers (those independent from Microsoft). Among the Web3 features in the new game will be a marketplace where gamers can buy items to enhance their in-game experience as well as its native token, $WRLD. The NFTs for sale are 10,000 pieces of land, and the purchase price for one NFT is already 14.5 ETH!! 

Minecraft’s blockchain upgrade is perhaps one of the most exciting developments in the gaming industry. However, the upgrades were not made by the original developers. This particular project has huge potential to increase blockchain game adoption with 141 million Minecraft users reported by 2021🤯.

The sandbox-style video game Minecraft, released in 2011, is receiving a Web3 update thanks to several developers not affiliated with Microsoft.

NFT Worlds is a project built on a third-party Minecraft server with a Polygon-based overlay. Polygon is an Ethereum sidechain that offers lower gas fees (i.e. transaction fees) to users. The NFT Worlds blockchain layer on Minecraft will allow players to access Web3 features, such as an online store, where they can purchase items for their Minecraft experience using  $WRLD tokens ERC20

Some of Minecraft’s software is open-source, which means anyone with the right technical knowledge can construct upon it, and Minecraft doesn’t have a solid economy like its competitor Roblox, which has a strong virtual market and its own (non-crypto) digital currency called Robux. NFT Worlds gives players a metaverse experience in an existing game, which is great news for Minecraft fans and NFT collectors alike.

A unique blockchain-based token that represents ownership of an asset, NFTs can come in a variety of forms. For NFT World, NFT is virtual land. The current lowest price, or the lowest price you can buy immediately without a bid, is 14.5 Ethereum, or about $38,150. There are 10k specific worlds of various shapes, from forested islands to snow-covered tundra & massive volcanoes. The number of Minecraft players has grown since Microsoft acquired Minecraft developer Mojang Studios in 2014 for a whopping $2.5 billion. The game had seen 131 million monthly active users in 2020 and more than141 a million monthly active users in 2021

NFT Worlds has also seen an increase in interest, with more than 26,000 player hours logged on the test server during three days this month. In addition, after remaining mostly unchanged for months, the average price of an NFT World increased by 10 Ethereum ($26,000) from January to February of this year.

While some may be opposed to paying more than $40,000 for virtual land, The Sandbox, a competitive Ethereum metaverse game, typically bids much higher. Someone paid $450,000 for a small virtual parcel of land next to rapper Snoop Dogg’s property in The Sandbox in December.

Compared to The Sandbox, whose economy is powered by the $SAND token, NFT World’s properties are orders of magnitude larger. ArkDev, a co-founder of NFT Worlds, said in a Twitter space Wednesday that there is “concern that the worlds are too humongous.” 

Temptranquil, another co-founder of NFT Worlds, added that “a player can’t just walk” across the entire terrain in the game “without a traffic system or portal of some kind.”

For future developments, the NFT Worlds team wants to make the gaming experience as low as gas and “frictionless” as possible by working on EIP2771, an interface that enables “meta-trading” to be cheap, then on Ethereum. NFT Worlds will create a type of “global auction house”, which will be their online marketplace. 

 The co-founders chose to rely on Minecraft because they found Microsoft to be developer-friendly and less demanding than competitors like Roblox. 

 “Minecraft has a very large and thriving custom game development system,” said ArkDev.  Microsoft seems to favour thinking more broadly about the metaverse, as Activision Blizzard’s $68.7 billion acquisition last month was in part intended to help it develop “building blocks for the metaverse,” according to one media. pine. press release at the time. But building a Web3 world on top of an existing centralized game owned by a billionaire corporation is not without risk. Both ArkDev and Temptranquil are well aware of the potential for “coercion” by Microsoft, which means that Microsoft can stop their projects at any time through legal action. 

 To prevent this, they maintain close contact with Microsoft representatives to ensure that they are not violating the Minecraft End User License Agreement (EULA) at any stage of development.  The Minecraft EULA states that no one is allowed to “commercially use anything we’ve created” or “try to monetize anything we’ve created”, these rules may apply. used for NFT Worlds going forward. 

 “We work very closely with their IP enforcement team,” Tranquil said in the Twitter space. “They regularly monitor our Discord, review our conversations, and we have meetings with them.” 

 However, it remains a question, whether Microsoft will give a green signal to the project. 

“They’re watching us from the sidelines—not like a formal green light—but I think in their eyes, we’re the best-case scenario for someone using their product,” Tranquil said.Decrypt’s request for comment to Minecraft’s global IP enforcement team has yet to be answered.

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Celebrating 25 Years of Innovation and Success: Priyank Sukhija’s Journey in the Food and Beverage Industry

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Priyank Sukhija, the CEO & MD of First Fiddle F&B Pvt. Ltd., has completed 25 years in the food and beverage industry, marking a significant milestone in his remarkable career. From a 19-year-old dropout setting up his first venture to becoming a leading restaurateur, Priyank’s journey is a testament to passion, creativity, and relentless ambition.

Starting in 1999 with the fine dining restaurant Lazeez Affaire at Malcha Marg, Priyank quickly made a name for himself in the hospitality industry. He followed this with the renowned club RPM at Priya Complex, and from there, his ventures only expanded. Despite coming from a family of lawyers, Priyank was the first to venture into business, altering Delhi’s hospitality landscape forever. Over the past 25 years, he has opened more than 30 different outlets, each unique and innovative.

Priyank’s success can be attributed to his love for food, music, and innovation. His brands, including Miso Sexy, Bougie, Diablo, Lord of the Drinks, Plum by Bent Chair, and Lazeez Affaire, have become some of the most talked-about names in the industry. “I realized that nothing makes me happier than eating and serving a delicious meal. Food, music, and innovation were what always inspired me and hence I ventured into an area that could fulfill this passion,” Priyank explains.

One of Priyank’s major accomplishments has been revolutionizing the F&B industry and introducing the concept of casual experiential dining to India. His establishment, Plum by Bent Chair, revived the Aerocity Worldmark area, while Diablo kickstarted the bar culture in Mehrauli, turning it into a vibrant hub. At Epicuria, Nehru Place, Priyank was a pioneer with Flying Saucer and is now reinventing the space with his new launch, Thanks & Beyond.

“My restaurants are known for providing an experience, and this makes them stand apart from the crowd. I believe in the ‘vibe’ of the restaurant, and that is what sets them apart. All my restaurants have an extensive menu with dishes and drinks that can be enjoyed by people of all ages,” says Priyank. His eateries have become one-stop solutions for complete entertainment, featuring performances by the most sought-after bands and artists.

With his numerous successes, Priyank’s ambition continues to grow. His current brands, including Diablo, Miso Sexy, and Bougie, have become the go-to destinations in Delhi for top artists and bands. His latest ventures, Diablo Cyberhub, Sitch, and Bizou-Bizou, have created a buzz in Delhi and NCR with their unique cocktail-focused concepts. Additionally, he is expanding to tier 2 cities with the introduction of Miso Sexy in Noida and Diablo in Goa.

In celebration of his 25 years of success, Priyank has opened a new restaurant, Thanks and Beyond, in Nehru Place. This venture is a gesture of gratitude to everyone who has supported him, a homage to Delhi for the love shown to him, and a promise of many more exciting ventures to come. This summer, Priyank has several more launches lined up, promising to bring even more innovation and excitement to Delhi’s F&B scene.

Priyank Sukhija’s journey in the F&B industry is a story of vision, hard work, and a relentless pursuit of excellence. His passion for creating unique dining experiences has not only set him apart but has also significantly shaped the hospitality industry in India. As he continues to innovate and expand, the future looks incredibly promising for Priyank and First Fiddle F&B Pvt. Ltd.

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Gold and Silver Rates Today: Latest Prices on July 24, 2024

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Gold and Silver Rates Update: On July 24, 2024, gold and silver prices have seen significant changes across major Indian cities, reflecting the latest trends in the global and domestic markets.

Gold Prices in Major Cities

  • Delhi: The price of 10 grams of 24-carat gold stands at Rs.70,716, a decrease from Rs.75,217 on July 23, 2024. The 22-carat gold rate is Rs.64,775 per 10 grams, down from Rs.68,745.
  • Chennai: 24-carat gold is priced at Rs.70,716 per 10 grams, a drop from Rs.75,657 the previous day. Last week, the rate was Rs.74,659.
  • Mumbai: Gold rates in Mumbai are at Rs.71,412 per 10 grams, down from Rs.74,925 on July 23, 2024. A week ago, the price was Rs.75,026.
  • Kolkata: The gold rate is Rs.70,716 per 10 grams, a decrease from Rs.75,144 the day before and Rs.75,539 a week ago.

Silver Prices in Major Cities

  • Delhi: Silver is trading at Rs.85,170 per kg, down from Rs.89,160 on July 23, 2024. Last week, the price was Rs.92,110.
  • Chennai: Silver rates are Rs.85,000 per kg, compared to Rs.89,070 the previous day and Rs.92,290 a week earlier.
  • Mumbai: The silver rate today is Rs.85,170 per kg, a decrease from Rs.89,160 on July 23, 2024. The rate was Rs.92,110 a week ago.
  • Kolkata: Silver is priced at Rs.85,170 per kg, down from Rs.89,160 yesterday and Rs.92,110 last week.

MCX Futures

  • Gold August 2024 Futures: Trading at Rs.73,121 per 10 grams, a slight increase by ₹Rs..179.
  • Silver December 2024 Futures: Trading at Rs.92,020 per kg, down by Rs.0.154.

Factors Influencing Prices

Gold and silver prices are affected by several factors, including demand from major jewelers, global market trends, currency fluctuations, interest rates, and government policies. The international economic situation and the strength of the US dollar against other currencies also play a crucial role in determining gold and silver rates in India.

Stay updated with Mumbai Uncensored News for the latest on gold and silver prices and market trends.

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Union Budget 2024: Key Changes to the New Tax Regime Announced by Finance Minister Nirmala Sitharaman

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Nirmala

In a significant announcement during the Union Budget 2024 speech, Finance Minister Nirmala Sitharaman introduced changes to the tax slabs under the new tax regime. Since becoming the default tax regime on April 1, 2023, employees have had the option to switch to the old tax regime by notifying their employers at the start of the financial year. This choice, however, can only be exercised once annually.

Revised Tax Slabs and Options for Employees

With the recent changes to the tax slabs, effective from April 1, 2024, there may be an opportunity for employees to choose their tax regime again, specifically for the purpose of Tax Deducted at Source (TDS) on their salaries. This update is particularly relevant for those who initially opted for the old tax regime but may now find the new regime more appealing due to the revised slabs.

The government has been actively promoting the new tax regime, making it increasingly attractive to taxpayers. The recent adjustments are part of this effort, aimed at encouraging more individuals to transition to the new system. Those who have already opted for the new tax regime could also benefit from reduced taxes, contingent on the proposals passing through Parliament and receiving the President’s assent.

Implications for Taxpayers

The changes introduced in the Union Budget 2024 are designed to streamline the tax process and provide more favorable conditions for taxpayers under the new regime. It’s a strategic move to widen the adoption of the new tax framework, which offers simplified tax calculations and potentially lower tax liabilities for many.

As the new provisions come into effect, employees and taxpayers are advised to review their financial planning strategies. Understanding the benefits and implications of the revised tax slabs will be crucial in making informed decisions about which tax regime to choose.

For the latest updates on the Union Budget 2024 and other financial news, stay tuned to Mumbai Uncensored News.

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