Blockchain News: Virtual Reality Game Sells | MARCH 2020

Blockchain News: Virtual Reality Game Sells | MARCH 2020

Virtual Reality Game Sells 110 Ethereum Worth of Land

 

A virtual reality game called Somnium Space has been able to sell 100 Ethereum (ETH) worth of virtual land to players of this game on the first seven days of this multiplayer event.

 

A virtual reality game called Somnium Space has been able to sell 100 Ethereum (ETH) worth of virtual land to players of this game on the first seven days of this multiplayer event.

According to a representative from Somnium Space, “During the first week of Road to SLO we have sold a total of 25 parcels for 110 ETH. Moreover we have seen a record high sale of a Bundle of 10 parcels from one user to another for whooping 100 ETH.”

According to a statement published on March 13, last week this virtual reality game which is also based on the technology of Blockchain completed its first week of Road to Secondary Land Offering. Throughout this event, this virtual reality game sells 25 virtual lands each week over 10 weeks in order to get itself to the Secondary Land Offering, otherwise known as the SLO.

The Second Land Offering of Somnium Space is expected to take place during the second half of the current year which is 2020.

The aim of this company is to make the VR experience better and better for users all the time. To this end, this representative of Somnium Space added that:

“We are rolling out new features weekly such as the release of our complementary 2D non-VR mode, live audio streaming and zones for Builder, Oculus Quest standalone app development and much more.”

 

Are Cryptocurrencies to Blame for the Rise of Ransomware?

 

Usually ransomware and cryptocurrencies go hand in hand. Wherever there is a trace is ransomware, it is usually followed by some sort of cryptocurrency

 

Usually ransomware and cryptocurrencies go hand in hand. Wherever there is a trace is ransomware, it is usually followed by some sort of cryptocurrency. They are so connected with each other that many people have blamed cryptocurrencies for the rise in ransomware.

Ransomware attacks are on the rise. For example, in 2018, they increases as much as 118 percent. However, it is not quite obvious whether it has to do with the rise in cryptocurrencies. Even though most ransomware attacks demand their payment to be made in the form of one cryptocurrency or another, but the fact that these cryptocurrencies and Blockchain in general are relatively transparent and tamper-proof, this means they may not be the ideal choice for hackers and those behind the ransomware attacks to demand their payment in that form.

One of the reasons as to why cryptocurrencies are always tied together with the ransomware attacks is that most of the time the payment that takes place from the victim to the perpetrators of the ransomware attacks do take place in the form of cryptocurrencies. For example in the largest ransomware attack in history which is known as the WannaCry ransomware attack, the hackers asked the victims to pay about 300 dollars in the form of Bitcoin.

Another way in which cryptocurrencies are related to ransomware attacks is that these days these types of ransomware attacks and hackers can be bought by ordinary people using different types of cryptocurrencies. Cryptocurrencies are also involved in some other forms of cybercrimes.

There are different reasons as to why currency cryptocurrencies are tied up with these ransomware attacks. One of the reasons is the lack of government regulations, which are being remedied as governments turn to regulate the world of Blockchain. Another reasons has to do with the fact that individuals do not take the necessary precautions.

In order to stop most of these ransomware attacks we just need to protect ourselves by observing the basic security steps, such as keeping our systems updated so that we may be safe from such attacks in the future.

 

Sustainable Palm Oil Can Now be Tracked with a Blockchain App

 

Two teams have gotten together and created an app to trace sustainable palm oil in Malaysia

 

Two teams have gotten together and created an app to trace sustainable palm oil in Malaysia. The Malaysian Palm Oil Council, otherwise known as the MPOC, and the Blockchain startup BloomBloc have teamed up to develop an app that allow users to trace sustainable palm oil in the country of Malaysia.

According to the report published by the food industry publication Foodbev Media, this Blockchain-based platform has been tested successfully and now its pilot version is available to local oil palm growers, palm oil processors, plantations, and family owned farms.

Palm oil tree plantation is one of the leading causes of deforestation in the world and especially in places like Malaysia. These vastly huge farms that contain nothing but these palm oil trees damage their environment greatly, since huge areas of forest need to be destroyed in order for these farms to be created. Areas of forests that can never be restored. So this Blockchain platform is a step in order to remedy this situation, as the CEO of the Malaysian Palm Oil Council said:

“It speaks volumes about our trust in our supply chain. And it is yet another way Malaysia is showing the world that we value our people and our planet. We hope that by creating this platform and demonstrating the benefits of using Blockchain technology, we will encourage others who are practicing sustainable agriculture to follow our lead.”