Real plans for virtual land

March 15th, 2017
"The valor that struggles is better than the weakness that endures."
– G.W. Hegel
**CONSENSUS 2017**
 
What do business tracks, investment & policy discussions and deep dives into bitcoin, ethereum and major enterprise blockchains have in common? They're all happening at Consensus 2017. 

May 22-24 in New York City
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THE FEATURE

Blockchain-Powered VR World Enters New Testing Phase


Can you really own anything in virtual reality? According to Decentraland, yes.

CoinDesk spoke to Manuel Aráoz, a developer for the startup that is bringing blockchain technology to imaginary space.

On Decentraland's new proprietary blockchain, for which testing launched yesterday, mining a block gives a player a piece of virtual land that can be traded with other players. The new release also allows players to start adding structures to their plot.

An intriguing aspect of this development is the potential to extend the concept of 'ownership' to other virtual sectors and open it up to new applications. That's in addition, of course, to the opportunity to build cool things in cyberspace.

 
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*STATE OF BLOCKCHAIN 2017*

As we show in our State of Blockchain 2017 report, Silicon Valley still accounted for the bulk of VC investment in blockchain startups in Q4, in terms of $ invested:



Check out our report for more detail on these developments and others over Q4 and 2016 as a whole.

SEE THE REPORT 
Wait, there's more:
Nasdaq is Helping Build a Blockchain Market for Ad Contracts
The New York Interactive Advertising Exchange plans to launch a blockchain-based platform for trading digital media advertising contracts, using technology developed by Nasdaq. Read more.

'Super UASF': Could a Bitcoin Fix Break the Scaling Deadlock?
A proposal that outlines a new way of making upgrades could trigger a Segwit-friendly protocol change as early as October. CoinDesk spoke to its pseudonymous author as well as bitcoin developers on the potential impact. Read more.

Space & Time: How BitTorrent's Creator is Attacking Bitcoin Waste
In an interview with CoinDesk, developer Bram Cohen spoke about potential alternatives to proof-of-work protocols. Read more.
 
Polish Law Enforcement Investigating Bitcoin Exchange Shutdown
Prosecutors in Łódź, Poland, are looking into the shutdown of Bitcurex – one the country's oldest and largest bitcoin exchanges – on suspicion of crimes against the property of third persons. Read more.
 
Code Bug Exploit Sends Bitcoin Unlimited Nodes Offline
Nearly 70% of nodes running Bitcoin Unlimited went offline yesterday, a development that sparked widespread debate on whether the alternative codebase could be implemented on bitcoin. Read more.
 
Bitcoin's Price Just Ended Its First Month Above $1,000
This is in spite of notable headwinds such as regulatory pressure from China and the SEC's rejection of the bitcoin ETF proposal. Read more.
 
EU Law Enforcement: Digital Currency is Impeding Investigations
Europol and Eurojust have released a joint paper that highlights the widening criminal use of virtual currencies and the challenges this creates for asset recovery and the prevention of fraud. Read more.
 
Snapcard to Shutter Bitcoin Wallet Service
According to the startup, the shutdown will begin next week as focus shifts to MassPay, a service launched in 2015 that uses the bitcoin blockchain as a payment rail. Read more.
 
Go to CoinDesk
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PRESS RELEASES
 
🗡 For you history buffs, today is the Ides of March, when we commemorate the overthrow of established systems (backstabbing optional). 🗡
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