0xVM Achieves Rapid Iteration with New Funding, NFT Feature Upgrades, and Enhanced Node Rewards Mechanism | NewsBTC

0xVM has recently secured strategic investment from Adaverse, driving its continuous growth within the Bitcoin eco. Adaverse is a venture capital fund and accelerator focused on Asia, the Middle East, and Africa, committed to fostering blockchain innovation. Cardano, a Layer 1 blockchain, has garnered significant early-stage investments, delivering strong returns to investors and forming a stable, long-term global community. This collaboration with a Cardano-related investment entity not only marks a boost in 0xVM’s market recognition and credibility but also signals the potential for more community users to join the 0xVM eco. With Adaverse’s backing, 0xVM is poised to achieve greater breakthroughs in Bitcoin network programmability and computational capabilities.

Meanwhile, as one of 0xVM’s major investors, UniCornVerse continues to actively support the project’s development. Recently, UniCornVerse co-hosted an event with BNBChain called “UnicornVerse Meet in BNBChain,” which attracted notable projects including BNBChain, Grafun, and DappOS. This collaboration highlights the strong relationship between UniCornVerse and BNB, especially with the successful inclusion of official BNBChain representatives in such a high-profile AMA, further emphasizing UniCornVerse’s industry influence.

Furthermore, in terms of liquidity provision, UniCornVerse has demonstrated outstanding performance, maintaining liquidity depth that is 5 to 10 times the industry standard. This means that even during market downturns, UniCornVerse can quickly inject over $20 million in stable liquidity across all CEX platforms. Additionally, UniCornVerse has invested in several high-growth projects, with fully diluted valuations (FDV) often skyrocketing from $12 million to over $150 million within just a few months. With UniCornVerse’s robust support in liquidity management and market promotion, 0xVM’s future prospects appear even brighter.

In addition, 0xVM has recently enhanced its token mining functionality within the Scribbles project. Scribbles NFTs will serve as a booster for token mining, with priority whitelist benefits confirmed for node holders. A snapshot was taken on October 1 at 5 PM (UTC+8), allowing all node holders at the time to secure whitelist minting privileges for Scribbles on a first-come, first-served basis. This innovative feature not only increases node holders’ participation but also injects new energy into 0xVM’s eco development.

Moreover, a powerful Bitcoin alliance has been formed, attracting several renowned projects backed by top-tier investors such as Binance, Polygon Ventures, and Animoca. Participating projects include:

Alterverse, an AI-gaming hybrid backed by Binance Labs and Polygon Ventures;

Tranching Protocol, a Depin protocol supported by Binance Labs, Animoca, and Crypto.com;

Coral App, the first mobile app designed for a multi-chain eco, supported by Binance Labs;

Gamic, a gaming project backed by Binance Labs, Gate, and Polygon;

SkyArk Chronicles, a AAA-grade game creation and online gaming platform backed by Binance Labs and 15+ investors;

BlockApe and Arcas Game, both receiving support from renowned venture capital firms.

These collaborations not only bring substantial resources and influence to the Bitcoin eco where 0xVM operates, but also elevate its standing within the blockchain sector.

Lastly, the progress of 0xVM’s node sales has been noteworthy. Since the validator node sale began on August 31, around 2,173 nodes have been sold, generating mining rewards of 322 $XVM tokens daily for holders. The strong initial sales performance has provided significant support for 0xVM’s eco growth. According to the node sale terms, the total token supply of 0xVM is 1 billion, with an initial circulating supply of 89.5 million, representing 8.95% of the total supply. During the first six months of node sales, node holders will receive a daily allocation of 700,000 $XVM tokens. Based on the current market’s fully diluted valuation (FDV) expectations, ranging from $70 million to $200 million, node holders are expected to recoup their initial investment within 10 to 30 days. This rapid return on investment has not only spurred broad market participation but has also laid a solid foundation for 0xVM’s further development in the blockchain space.

In conclusion, 0xVM’s latest advancements across multiple domains showcase its strong market competitiveness and steady growth potential, as well as its ongoing innovation in eco expansion, liquidity management, and node sales. From Adaverse’s strategic investment to UniCornVerse’s liquidity support, the establishment of the Bitcoin alliance, and the introduction of the Scribbles token mining feature, these positive developments have undoubtedly paved the way for 0xVM’s rise in the global blockchain market. As these collaborations deepen and more resources flow in, 0xVM is expected to maintain its strong growth momentum in the blockchain field and further consolidate its leading position in the industry.

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