3air blockchain based platform will allow easy access to digital services, identity management, payments, and credit line building. The 3air vision is to expand into collateralized and undercollateralized loans, IoT, and roaming and to test disruptive ideas like broadband tokenization and enabling secondary markets.



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3rd of March, 2022 Polygon (previously MATIC), one of the top blockchain ecosystems, and Polygon Studios, their NFT and blockchain gaming arm, have just announced a strategic relationship with <a href="https://www.poriverse.io/" target="_blank" data-type="URL" data-id="https://www.poriverse.io/" rel="noreferrer noopener">Poriverse</a>, the first NFT game that allows players to lend and trade NFT in order to earn more. This collaboration is likely to usher in a new era for the <a href="https://www.cmnnews.live/nft-gaming-is-the-first-step-of-crypto-adoption/" data-type="post" data-id="11792">NFT gaming</a> sector.



<h2>About Poriverse Background</h2>



Poriverse is the first blockchain game platform that actually allows anyone to make money. Not only for experienced crypto gamers and NFTs holders looking to diversify their portfolio but also for newbies to P2E, the cost of admission has been reduced by renting NFTs technology. 



The market is now open to both users and investors. Poriverse began with a unique <a href="https://www.cmnnews.live/nfts-and-defi-upset-an-investors-generational-revile-of-destitution-in-2-years/" data-type="post" data-id="15205">NFTs</a> system known as Porian pieces and classes, allowing players to not only buy but also strategically create their own Porian NFTs.



Winning opportunities are designed to be fair to all players, with random rentals of unique Porians for breeding higher-value Porians. Poriverse also has a game metaverse where gamers, world producers, and game investors can create, construct, own, and exchange different worlds in order to make more money. The team has more than 15 years of expertise designing games, ecosystems, and brand platforms, as well as 8 years of experience with <a href="https://www.cmnnews.live/chainalysis-partners-with-bank-of-new-york-mellon/" data-type="post" data-id="16288">blockchain</a>.



<h2>Polygon Studios has today Established a Significant Alliance with Poriverse, an NFT game</h2>



In 2021, the NFT Game&rsquo;s <a href="https://www.cmnnews.live/whats-the-play-to-earn-business-model/" data-type="post" data-id="14695">play-to-earn</a> (P2E) concept surged, resulting in an increase in the number of crypto gamers all over the world. However, this &ldquo;gold rush&rdquo; has presented new obstacles for NFT Game players, as the initial investment has become increasingly pricey, making it difficult for rookie gamers with limited funds to get started. Poriverse uses <a href="https://www.cmnnews.live/nft-breakthroughs-platform-purchases-a-yacht-for-nft-owners/" data-type="post" data-id="16585">NFT</a> and <a href="https://www.cmnnews.live/cardano-abandoned-by-blockchain-based-internet-company-3air-for-skale-network/" data-type="post" data-id="15702">blockchain</a> technology to deliver a unique solution that effectively solves that problem and adds value to communities.



NFT for the first time To gain additional money, game players can rent out their NFTs and lend them to other players. Not only would the cost of admission be reduced for experienced crypto gamers and NFT holders looking to diversify their portfolio, but also for newbies to the P2E industry. 



PORI supports NFT renting technology, which assures that NFT rentals are fair and secure, reducing the chance of for-rent NFTs being lost. Users must pay a rental charge at the marketplace&rsquo;s agreed-upon cost, but they will receive 100% of the revenue earned by the renting NFT.



<figure><div>
<div lang="en" dir="ltr">POLYGON STUDIOS X PORIVERSE STRATEGIC PARTNERSHIP ANNOUNCEMENT &#127881;&#127881;&#127881;&#129309;We will truly promote the Rental NFT and push the P2E game industry to the next level. &#129395; We will bring many exciting events with special rewards for you!Follow us to not miss your chance&#128293;&#128293;&#128293; <a href="https://t.co/fjMaJb60qZ" target="_blank">pic.twitter.com/fjMaJb60qZ</a></div>&mdash; Poriverse (@poriverse) <a href="https://twitter.com/poriverse/status/1499202907245268994?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">March 3, 2022</a>
</div></figure>Poriverse&rsquo;s NFTs system began as Porian pieces and classes, allowing gamers to not only buy but also strategically create their own Porian NFTs. Winning opportunities are designed with fairness among players by random renting of unique Porians for better value Porians mating with a <a href="https://www.cmnnews.live/fast-food-restaurants-are-being-purchased-by-fries-dao-with-5-4m-in-funding/" data-type="post" data-id="16550">DAO</a>-oriented lending protocol technology.



Poriverse has partnered with Polygon Studios, Polygon&rsquo;s NFT, metaverse, and gaming arm, to help promote its rental marketplace for NFT game assets. Polygon Studios will contribute to the promotion of Poriverse&rsquo;s benefits to crypto players through this initiative.



<h6>Also Read: <a href="https://www.cmnnews.live/chainalysis-partners-with-bank-of-new-york-mellon/">Chainalysis Partners With Bank Of New York Mellon On Blockchain for Tracking the Transactions of Users</a></h6>



This loan method provides NFT Game players with an equal opportunity to begin earning in this business for as little as $360. Furthermore, Poriverse would offer a game metaverse, in which distinct worlds may be built, constructed, owned, and shared among players, world makers, game investors to enable greater income prospects.



&nbsp;According to Poriverse&rsquo;s CEO :



&ldquo;We want to make a game that provides long-term financial and enjoyment rewards.&rdquo; Players will enter Poriverse to find a 3D high-interactive environment with basic but enjoyable gameplay. PORI was founded on a simple principle: the community comes out on top. Every designed mechanic in our game is for every user to earn and win more while maintaining a high level of fairness. There are additional innovative gaming mechanisms and designs that attempt to enable gamers to earn as much money as possible. Keep an eye on us to see if you&rsquo;ve won.&rdquo; Do Hoang Minh Quan, according to Poriverse&rsquo;s CEO.



&ldquo;We applaud Poriverse&rsquo;s efforts to increase the number of new players who may join <a href="https://www.cmnnews.live/what-does-the-future-hold-for-nft-games/" data-type="post" data-id="13564">NFT games</a> and earn, as well as their efforts to design a game that is not only profitable but also pleasant. We plan to move NFT Game further with Poriverse&rsquo;s innovative and dedicated <a href="https://www.cmnnews.live/chainalysis-partners-with-bank-of-new-york-mellon/" data-type="post" data-id="16288">blockchain</a> and game team.&rdquo; Sure Polygon Studios&rsquo; Partner Success Lead, Shivangi Pandey, stated.



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CMNnews

Polygon Studios and Poriverse Form Official Strategic Alliance

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The idea of creating a decentralized autonomous organization (DAO) has grown increasingly popular in recent years, with a plethora of <a href="https://www.cmnnews.live/allegations-made-on-treasuredao-engineer-for-being-involved-in-suspicious-nft-projects-in-the-past/" data-type="post" data-id="16277">DAO</a> concepts emerging. <a href="https://fries.fund/" target="_blank" data-type="URL" data-id="https://fries.fund/" rel="noreferrer noopener">Fries DAO</a>, a new DAO committed to buying fast-food establishments, has raised more than $5.4 million toward its objective.



The creators of the Fries DAO envision a &ldquo;DAO-Governed Fast-Food Franchise Empire. The Denver Broncos football franchise is being purchased by a newly formed DAO for $4 billion. Since the Genesis DAO in 2016 and the following hack, DAO concepts have increased in prominence, and security appears to have improved.



A DAO is essentially an automated decentralized, and community-run <a href="https://www.cmnnews.live/cardano-abandoned-by-blockchain-based-internet-company-3air-for-skale-network/" data-type="post" data-id="15702">blockchain</a> governance structure. The native token of a DAO is often used as a stake in governance voting processes, as well as to pay for goods, services, and future goals.



Fries DAO, a recently created DAO, is seeking to use the DAO concept to purchase fast food establishments. The initiative is a &ldquo;decentralized social experiment in which a crypto community establishes and administers a fast-food franchise empire,&rdquo; according to the website.



The DAO has raised over $5.4 million in funding, and FRIES tokens will be used to manage it. The project distributed FRIES tokens to participants after building a treasury. The Fries DAO community treasury will be used to &ldquo;negotiate with franchise owners and brands to buy well-known fast food outlets.&rdquo;



The main purpose of the initiative is explained on the Fries DAO website:



What is the big picture? Imagine a big fast-food chain opening in every major city as a result of your vote. Get that free burger by going to one near you and flashing your barcoded Fries DAO NFT. Give that dude next to you a fist bump for doing the same. Tell him how much you enjoyed his FRIES Defi strategy, which he shared on Discord the other day. We&rsquo;re going to change the world.



<h6>Also Read: <a href="https://www.cmnnews.live/syndicate-protocol-enables-the-creation-of-450-new-daos/">Syndicate Protocol Enables the Creation of 450 New DAOs!!</a></h6>



<h2>FRIES Tokens Reward Stakers With KCHUP Coins</h2>



Many DAO techniques have been implemented in recent months, such as the group that sought but failed to purchase a rare copy of the United States constitution. The DAO wants to buy the One Bel Air 105,000-square-foot megamansion in Los Angeles.



Ross Ulbricht&rsquo;s <a href="https://www.cmnnews.live/collectors-are-going-crazy-about-physical-nft-displays/" data-type="post" data-id="16503">non-fungible token</a> (NFT) art collection was recently acquired by a DAO, which fractionalized Ulbricht&rsquo;s NFTs. In addition, over the last year, a large number of DAOs have been launched by crypto initiatives and <a href="https://www.cmnnews.live/vechain-launches-blockchain-platform/" data-type="post" data-id="10159">blockchain platforms</a>.



Non-fungible token memberships are planned by FriesDAO. The project&rsquo;s website explains, &ldquo;We&rsquo;re attempting to evolve NFT membership cards, complete with gorgeous art and varied features, into rewards such as food or discounts at our FriesDAO network stores.&rdquo;



Community members first planned to acquire a Subway fast-food restaurant, according to people debating the Fries DAO on the team&rsquo;s Discord channel. Furthermore, FRIES coin holders can stake their coins for further benefits and KCHUP currency prizes. The website explains that &ldquo;each FRIES token is a symbolic appreciation of each donation of 0.023088 USDC.&rdquo;



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Fast-food Restaurants are being Purchased by Fries DAO with $5.4M in funding

<img src="/site/uploads/2022/Feb/28/logo_neoxam_2_1_0_1_2.png" alt=""> Shortly after announcing its move to the SKALE network, a fully EVM-compatible multichain solution based on the Ethereum blockchain, 3air followed with news about the next step in its rollout in Africa. 3air and telecom partner K3 Telecom are going to expand operations to Ethiopia.An MOU was signed on February 17 which includes an investment of $10 Million USD to build out K3’s Telecom infrastructure in Ethiopia, starting with its capital Addis Ababa.&nbsp;As the official partner of K3 Telecom, 3air is contributing to this expansion and is looking forward to the large potential this new market represents.&nbsp;With about 115 million people (2020), Ethiopia is the second most populous nation in Africa after Nigeria, and still the fastest growing economy in the region, with 6.1 percent growth in the financial year 2019/20 (<a href="https://data.worldbank.org/country/ethiopia" target="_blank">worldbank.org</a>).&nbsp;Ethiopia is a particularly attractive market, as there are several highly populated cities that lack reliable broadband connectivity. The goal is to start the rollout in Addis Ababa and expand to additional cities shortly after. It is estimated that 3air and K3 Telecom could potentially reach about 3 million households and businesses in Ethiopia.The setup of the local company and production of building materials is set to start immediately. Thanks to the quick rollout K3 Telecom provides with its innovative “Cable Through the Air” solution, it is possible to put the infrastructure in place within the next 6-7 months. K3’s technology does not require time consuming and expensive digging of underground cables, which will enable them to cover more than 90% of the capital city using radio frequencies to deliver broadband connectivity within a matter of months.In 2020, the government of Ethiopia launched its digital transformation strategy with the goal of leveraging digital technologies to foster development and growth for every citizen. 3air aims to be a leader of change by providing digital identities, bankless payments and microloans to individuals and businesses through its platform. 3air’s token is built on SKALE, a multichain network that provides 3air with its own blockchain network for lightning-fast transactions.For more news and details on 3air’s expansion in Africa, read more on&nbsp;<a href="https://3air.io/" target="_blank">https://3air.io/</a>.Source:&nbsp;<a href="https://financialit.net/news/investment/skale-based-3air-and-k3-telecom-secure-10-million-usd-investment-expand-ethiopia" target="_blank">https://financialit.net/news/investment/skale-based-3air-and-k3-telecom-secure-10-million-usd-investment-expand-ethiopia</a><div class="post-inner related-news-slider post-inner-2"></div>

Cardano Feed

SKALE-BASED 3AIR AND K3 TELECOM SECURE $10 MILLION USD INVESTMENT TO EXPAND IN ETHIOPIA

<img src="/site/uploads/2022/Feb/23/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvYzg4ZWZmMTQtMGUwOS00MDUxLWJkOGUtYTcyNjU1NjdlMTI1LmpwZw.jpg" alt=""> 
The Cardano blockchain has skilled an explosion in on-chain exercise and now trails solely Bitcoin in present 24-hour transaction quantity, surpassing Ethereum within the course of in line with Messari.
Cardano (<a href="https://cointelegraph.com/ada-price-index">ADA</a>) presently has $17.04 billion in 24-hour transaction quantity, in line with knowledge from on-chain analytics agency <a href="https://messari.io/asset/cardano/metrics/network-activity" target="_blank" rel="noopener nofollow">Messari</a>. With Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) at $18.85 billion and Ethereum (<a href="https://cointelegraph.com/ethereum-price">ETH</a>) at $5.25 billion in line with Messari, Cardano is in second place in that class and is closing in on the highest place for this metric.

<a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> simply surpassed <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LTC</a> and <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> in transaction quantity.
Are you bullish on <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a>?
— The Moon (@TheMoonCarl) <a href="https://twitter.com/TheMoonCarl/status/1495760402218635277?ref_src=twsrc%5Etfw">February 21, 2022</a>
Overall, this month has seen great exercise on Cardano. On Feb. 14, 24-hour transaction quantity topped $35 billion and on Feb. 19 it reached $31 billion. However, it’s nonetheless removed from the $138 billion all-time excessive within the quantity set on Sept. 3 final yr.
<figure><img src="https://i0.wp.com/s3.cointelegraph.com/uploads/2022-02/539587d3-1e0b-4c50-b3ca-c1cb3acf841d.PNG?w=640&amp;ssl=1" alt="" title="" data-recalc-dims="1" data-lazy-src="https://i0.wp.com/s3.cointelegraph.com/uploads/2022-02/539587d3-1e0b-4c50-b3ca-c1cb3acf841d.PNG?w=640&amp;is-pending-load=1#038;ssl=1" srcset="image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7">ADA day by day tx quantity from Jan. 24 to Feb. 22 – Messari.</figure>Transaction quantity on Cardano has spiked in latest weeks largely as a result of launch of the SundaeSwap decentralized alternate (<a href="https://cointelegraph.com/news/first-multi-chain-dex-simplifies-complex-routes-between-blockchains">DEX</a>). The <a href="https://cointelegraph.com/news/cardano-network-at-record-capacity-due-to-sundaeswap-launch-but-not-all-users-hail-it-as-a-success">hype around this launch</a> induced days of congestion on the blockchain from the massive inflow of transactions.&nbsp;
Regardless of the SundaeSwap impact on the community, the full variety of transactions on Cardano has elevated 480% from 5.5 million on March 30 final yr to just about 32 million on February 20,&nbsp;<a href="https://datastudio.google.com/u/0/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/s0XCC" target="_blank" rel="noopener nofollow">according</a> to Google’s Cardano Blockchain Insights.
Conditions have been ripe for Cardano’s transfer up the ranks as each Bitcoin and Ethereum have seen declining community exercise these days. Bitcoin 24-hour quantity is down 84% from the 3-month peak of $116 billion on November 25. Ethereum quantity has been declining since December 4 when quantity reached a 3-month peak of $21.29 billion. It was down 82% to a 3-month low of $3.99 billion on Feb. 19.
<figure><img src="https://i0.wp.com/s3.cointelegraph.com/uploads/2022-02/447725d9-6133-44a8-96b1-2621bd98ae38.PNG?w=640&amp;ssl=1" alt="" title="" data-recalc-dims="1" data-lazy-src="https://i0.wp.com/s3.cointelegraph.com/uploads/2022-02/447725d9-6133-44a8-96b1-2621bd98ae38.PNG?w=640&amp;is-pending-load=1#038;ssl=1" srcset="image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7">ETH day by day tx quantity from Nov. 25 to Feb. 22 – Messari</figure>Despite trailing in transaction volumes, Messari exhibits Ethereum nonetheless dominates Cardano in a number of different key community utilization metrics. <a href="https://messari.io/asset/ethereum/metrics/network-activity" target="_blank" rel="noopener nofollow">Ethereum</a> boasts 76 million addresses to <a href="https://messari.io/asset/cardano/metrics/network-activity" target="_blank" rel="noopener nofollow">Cardano’s</a> 3.4 million addresses for instance.
Related: Blockchain-based web firm 3air abandons Cardano for SKALE community
Cardano was listed by Morgan Stanley’s wealth administration world funding workplace as <a href="https://cointelegraph.com/news/ethereum-dominance-may-dwindle-as-competitors-emerge-morgan-stanley">one of the four ‘Ethereum killer</a>’ blockchains that would usurp good contract superiority from Ethereum on account of their decrease prices and quicker speeds. The others within the report included Solana, Polkadot, and Tezos.
The constructive on-chain metrics haven’t helped ADA costs which have slumped 13% over the previous 24 hours in line with <a href="https://www.coingecko.com/en/coins/cardano" target="_blank" rel="noopener nofollow">CoinGecko</a>. ADA is presently buying and selling at $0.833, down 73% from its $3.09 all-time excessive on Sep. 2, 2021.

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