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Faustin-Archange Touadéra – President of the Central African Republic (CAR) – has announced that his nation’s burgeoning crypto hub will launch on July 3rd. The initiative (also known as the “Sango” project) is intended to make CAR the most “progressive” economy in Africa through the use of blockchain technology.
The Genesis of Sango
President Toudéra revealed the news through a tweet on Monday, in which he reaffirmed his commitment to establishing Bitcoin as legal tender. “With Bitcoin as legal tender & inspiration, our country opens a new chapter in its inspiring journey towards a brighter future via blockchain tech,” he said.
CAR caught the world by surprise in April when the President signed a crypto legal framework into law, which also established Bitcoin as an official currency. This meant that the government would treat Bitcoin like the legacy CFA franc – exempt from the capital gains tax, and usable for paying one’s other tax obligations.
A month later, the President also announced the Sango project – a plan to turn CAR into a so-called “crypto hub” that attracts investors worldwide. Some of its sub-projects will include establishing a crypto national bank, creating a state-sponsored lightning wallet, and exempting crypto exchanges from taxes.
The project will also incorporate the “tokenization” of the country’s natural resources, according to a translation of today’s press release. More will be revealed on July 3rd at 7 pm CET during the Sango Genesis Event, which the president called the most “revolutionary” conference in the history of “blockchain technology” and “Web 3”.
Mimicking El Salvador
CAR’s Bitcoin adoption appears to closely follow El Salvador’s playbook. In September, the Central American country also established Bitcoin as legal tender, alongside its state-sponsored wallet “Chivo”.
Furthermore, El Salvador’s plans to build “Bitcoin City” are mirrored by CAR’s “crypto island” initiative – an ambitious project to create a unique investment location dedicated to crypto technology.
The global response to their initiatives has been similar too – which isn’t necessarily for the better. Like with El Salvador, the International Monetary Fund (IMF) has disapproved of the legal tender decision, citing “legal, transparency, and economic policy” challenges.
CAR’s authorities reportedly worked around both its regional Central Bank and the World Bank when it adopted Bitcoin. The latter confirmed that it will not support the Sango project with investments, though it did offer a $35 million loan to help “digitize” CAR’s public sector.


CAR’s Sango Genesis Event begins on July 3rd, kicking off the nation’s transformation into an investment garden for blockchain. 

cryptopotato.com

Central African Republic President Reveals Crypto Hub Launch Date

The government is hoping to make Barcelona a digital hub by offering various skills programs to university students and boot camps to cultivate talent. 

cointelegraph.com

Catalonia is building its own metaverse, says innovation minister 

Ripple, a prominent provider of blockchain and cryptocurrency solutions, announced on Thursday the opening of a new office in Canada.
In the face of the ongoing massive selloff and job cuts in the cryptocurrency market, the San Francisco-based crypto startup is still eyeing expansion, unfazed by the instability.
Ripple plans to employ 50 engineers for its Toronto base. One of its goals is to recruit hundreds of blockchain software developers, including data scientists and specialists in applied machine learning.
This will be Ripple’s first Canadian headquarters as they continue to expand throughout North America.
Suggested Reading | Bitpanda Sacks A Third Of Staff As Crypto Trading Platform Scales Down
Wanted: Ripple Engineers & Software Developers
According to Brad Garlinghouse, CEO of Ripple:

“Cryptocurrency and blockchain give a great opportunity for engineers to solve complex issues, with the potential for these solutions to impact the global movement of value.”

Ripple provides a variety of solutions, including cross-border payments and a complete platform for minting, maintaining, transacting, and eliminating central bank digital currencies (CBDCs).
The technology business is growing swiftly, yet human resources have long been a major issue.

Image: Ledger Insights
As developers are a scarce commodity and the crypto industry is an even more specialized subsector, organizations are essentially competing to hire and keep this talent.
There is currently a patent migration from big tech to the blockchain sector or to ventures associated with what is regarded as the next technological step.
By mid-June, the market capitalization of global cryptocurrencies had decreased from approximately $2.26 trillion to $986 billion, a reduction of 56 percent over the preceding two and a half months, with companies such as Celsius and Terra faltering.

XRP total market cap at $17.76 billion on the weekend chart | Source: TradingView.com
Choosing Toronto For Crypto Innovation

“Crypto is one of the most interesting areas to work in, so it’s no surprise that talent is quitting traditional financial and technology companies to enter this field,” Garlinghouse said.

Based on reports, in the first three weeks of this month, crypto and blockchain companies ended the job contracts of around 1,700 staff.
Ripple has emphasized that one of its key objectives is to foster the growth of exceptional talent within the crypto and blockchain ecosystem.
Suggested Reading | Crypto ATMs To Be Installed At Top Hispanic Grocery Chain In 3 U.S. States
The new office in Toronto is part of the company’s objective to promote crypto-related innovation across Canada.
Ripple has already established a University Blockchain Research Initiative (UBRI) in the region and is collaborating with universities and colleges including the University of Waterloo and Toronto Metropolitan University.
Meanwhile, the ongoing legal dispute between Ripple and the US Securities and Exchanges Commission took a new turn when the court denied the SEC’s request to seal the proceedings.
Featured image from Agoda, chart from TradingView.com


Ripple, a prominent provider of blockchain and cryptocurrency solutions, announced on Thursday the opening of a new office in Canada. In the face of the ongoing massive selloff and job cuts in the cryptocurrency market, the San Francisco-based crypto startup is still eyeing expansion, unfazed by ...

bitcoinist.com

Ripple To Hire 50 Engineers For Its New Crypto Hub In Canada


The Tribeca Film Festival has already come and gone, and this year’s event boasted of 20-plus celebrated immersive works. 



Located in the heart of Manhattan’s popular Tribeca neighborhood, audiences flocked to the central festival hub at Spring Studios. Ever the significant effort of TFF’s dedicated curators, the immersive showcase included mixed reality pieces representing international, innovative, and diverse creatives who took their subject matter to new realms and new media.



For VRScout, I explored the festival’s XR titles with a discerning eye, critically assessing which narratives best utilized emerging technologies to tell their story.



Credit: Tribeca



Container



This 180-degree VR film was one of the most compelling uses of the format I have experienced. Deeply disturbing and undeniably imaginative, I was the uncomfortable witness to those left invisible to society; those forgotten, those dismissed. 



I was blown away by the somewhat simplistic storytelling—moving along what seemed to be a suspended dolly track, back and forth through shipping containers, each one containing the lives, and deaths, of several characters, all of whom were literally or figuratively trapped inside one crate after another until their stories start overlapping. 



Reminiscent of other multi-universe narratives (Zbigniew Rybczyński’s “Tango” stands out), this nonlinear art film is painful and important. The use of 180-degree VR puts pressure on the viewer and takes the discomfort to a needed next level.




The First LGBTQ+ VR Museum
Credit: Tribeca



LGBTQ+ Museum



This virtual space, a touching dedication to identity and expression, was an act of love and consideration for the queer community. The experience offered a personal exploration of self, using objects (volumetrically captured and interactive) such as clothing, technologies, and teddy bears, as well as art up on the digital display.



Designed quite literally like a museum, the experience was an easily understandable one, as I effectively “walked” room to room reading each art object label. The through-line of artifacts within the museum interestingly ranged from “art” as creation, to meaningful items associated with identity contextualizing life experiences. I was moved by the quality of personal transparency each of the over 15 contributors shared about themselves to a global audience. 









Evolver



This haunting, poetic ode to life itself was an opportunity to experience the perspective of air moving through a human body. In a wink of reality, this multi-viewer experience had added depth as those of us participating simultaneously breathed in and out together in the same room as we moved silently through a larger-than-life depiction of the flow of oxygen throughout a single being. 



Trance-inducing and eerie, Evolver is a dedication to the art of existing, changing in every moment and affecting one another with the seemingly most simple of actions: breathing. This inspired artwork on the cycle of respiration was best experienced through VR as a personal and emotional interaction bringing us back to ourselves.



Credit: Tribeca



Iago



Clever and stylized, Iago was an augmented experience not to be missed. Polished and consumer-ready, it felt like a doll-house-sized toy carefully designed with full consideration of a 360-degree engagement. 



The next-gen music video tells the story of Shakespear’s infamous villain, Iago, reimagined as a woman. The exhibit featured an interesting and memorable physical set design for the festival. Numerous platform pedestals with sculpted, small, flat worlds, transitioned into a well-occluded augmented experience with a full-blown production scaled down to size.



While the music itself was incredibly repetitive and I was disappointed with the lack of interaction, the animated assets and production value were well-executed and perfectly novel.









Platisapiens



Described as “a surrealist work of eco-fiction, an invitation to explore the human influence on the environment, and, inversely, an exploration of how the environment affects human evolution,” Platisapiens was a strange and otherworldly trip into understanding the potential consequences of merging with plastic waste. 



Platisapiens took me on a strange and up-close experience into an abstracted bodily landscape, then transported me to the beginning of evolution itself. The sci-fi-esque narrative offers an upsettingly honest take on how we’re close to becoming full-time residents of the Plastosphere. The visual timeline was designed to be both historically accurate, as well as playful and engaging. 



I found the use of VR to be compelling as I played the role of a spectator watching skin breathe up and down in front of me; I touched plastic particles and then swam in the depths of the oceans with ancient, stylized aquatic life evolving and morphing; changing yet again to exist within the human body, observing and touching plastic-parts bubbling over organic veins—a wholly unique perspective on a foreboding, environmental PSA.



Feature Image Credit: Marshmallow Laser Feast
The post The 5 Best Uses Of XR At Tribeca Immersive 2022 appeared first on VRScout.


The Tribeca Film Festival has already come and gone, and this year’s event boasted of 20-plus celebrated immersive works.  Located in the heart of Manhattan’s popular Tribeca neighborhood, audiences flocked to the central festival hub at Spring Studios. Ever the significant effort of TFF’s dedica...

vrscout.com

The 5 Best Uses Of XR At Tribeca Immersive 2022

UAE has made blockchain technology a key focus for its future strategies and currently building a decentralized ecosystem to make it a global blockchain hub.

Cosmos Hub price	$7.38
Low - High 24H	$7.07 - $7.49
Market cap	$2.15B
Volume 24H	$296.75M
All time high	$44.45 -83.48% January 17th 2022
All time low	$1.16 532.96% March 13th 2020
Genesis date	N/A

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