RACA’s new Jaz blockchain is in public testing. The network has already shown signs of outperforming the transaction speeds of Bitcoin and Ethereum.
Solid Progress on BNB Chain
Despite the bearish market environment, Radio Caca (RACA), the home of the United States of Mars (USM) 3D Metaverse, continues to make significant progress on BNB Chain.
The protocol recorded several achievements during the second quarter of 2022, including expanding its USM metaverse. In response to an inquiry from BSC News, Radio Caca CEO Jeff Watney said the success reflects the team’s effort in developing its ecosystem.
“This result is a reflection of our work in developing our community-oriented products. The digital world we are building with the USM.world ecosystem is an open world focused on the main principles of Web3: Freedom and community,” Watney told BSC News.
USM.world, as the platform calls it, has recorded over 109,000 users. Additionally, the metaverse registered more than 45,000 wallet addresses during the bear market. RACA also announced that the first major USM.world concert would go live in August 2022.
Warm welcome to all partners joining our #USM Summer Concert. This event will also be the first live-action concert of the @BNBCHAIN, enjoy! #ThePeopleMetaverse #BNBCHAIN @binance #Binance https://t.co/gE0SsdcZ3u
— Radio Caca (@RadioCacaNFT) July 13, 2022
Additionally, its GameFi platform, Metamon World, recorded over 500,000 Metamon characters, encompassing 20,806 players worldwide. RACA also launched the Public Beta test of its new Metacasa 2D GameFi metaverse within USM.world.
Watney said the official version of Metacasa will be released soon, as well as a new network – Jaz blockchain – that will power the metaverse.
“There are still a lot of updates that we will release on Metamon. We cannot forget about our 2D metaverse Metacasa, which will have its official version released. We are in the public testing phase. We also launched public testing for the Jaz network, which will be our blockchain facing the metaverse. It has already accumulated more than 80 nodes and more than 1,000 tps, surpassing Bitcoin and Ethereum (PoW),” Watney said.
Another achievement is the protocol’s RACA Non-Fungible Token (NFT) marketplace which generated significant activity. As of July 8, the marketplace exceeded 718 billion $RACA in total trading volume, representing up to $1.46 billion and approximately 2.55 million transactions. The NFT marketplace is sixth on Dappradar’s 30-day BNB Chain rankings as of publication.
USM.world’s Summer Concert
USM.world is one of the largest metaverses in the crypto space. The RACA 3D metaverse boasts a team of high-profile personalities, Olympic champions, and scientists, including top musician and entrepreneur French Montana.
As stated earlier, the dual-chain metaverse now has over 109,000 users since its inception in early 2022. Further, USM has around 28,000 active monthly users, with a supply of 1 million lands supporting 1 billion residents. The USM metaverse is a large ecosystem comprising the RACA NFT marketplace, Metamom World game, and the recently launched 2D GameFi metaverse, Matacasa.
While the platform continues innovating and developing on BNB Chain, the team introduced numerous competitions for residents. Users within the metaverse participated in swimming, motorcycle racing, and volcano climbing competitions. RACA published a Medium post on July 21 summarizing the event.
The latest event to hit the metaverse is a live concert in partnership with Apollo Theater, featuring top Japanese voice actresses Anna Suzuki, Emi Nitta, and Aya Uchida. The “Summer Fantasy” event will go live on August 5 at the USM Bowl at 12:00 UTC. Read the event’s details in RACA’s Medium post.
Bull or Bear, ‘Nothing Will Shake Our Plans’
RACA seeks to keep building on BNB Chain, regardless of general market conditions, as evidenced by the protocol’s numbers, particularly on USM.world. According to Watney, nothing will hinder the team’s plans to develop an industry-leading ecosystem.
“Our goal is to build a community-oriented ecosystem, and we will do that, no matter if the market is bullish or bearish. Nothing will shake our plans to help transform,” Watney said.
What is Radio Caca:
Radio Caca is a decentralized autonomous organization (DAO) that aims to build a new virtual world and the infrastructure around it. One of its projects, the United States of Mars (USM) metaverse, is a three-dimensional planet where users can own land, build homes, and play games. Radio Caca is the native token for the Universal Metaverse. Radio Caca is also the exclusive manager of “Maye Musk Mystery Box” a.k.a. MPB NFT. USM Lab is the creator of the Universal Metaverse(USM) and the P2E blockchain game Metamon. The USM is a 3D Planet virtual world where users can socialize, own lands, build buildings such as stores and art galleries, and create and play games.
For more information about Radio Caca, see these links:
Website | Twitter | Telegram | Medium |
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News
Prisma Finance Reportedly Hit by $9M Hack: What to Know
Prisma Finance paused its protocol operations for investigation and advised vault owners to disable delegate approval.
Reports have emerged indicating that DeFi platform Prisma Finance, fell victim to a hacking attack amounting to approximately $9 million. Cyvers, a web3 security platform, raised the alert after it detected suspicious transactions linked to the breach.
🚨UPDATE🚨Our system has detected multiple suspicious transactions with @PrismaFi and still ongoing!
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) March 28, 2024
Total loss so far is around $9M. Attacker has funded by @FixedFloat!
Our system has detected the malicious contract 2 min earlier than hack transactions!👇
Our system would… https://t.co/9myoV8DL22 pic.twitter.com/SxT5yYZy7U
Initial estimates suggest a loss of $9 million, with the attacker reportedly utilizing funds from the crypto exchange FixedFloat.
Backing up Cyvers' findings, blockchain security firm PeckShield has confirmed the attack, providing details on the assets targeted by the hacker. Among the stolen assets are Prisma mkUSD and wrapped stETH.
In response to the breach, Prisma Finance issued a statement on X acknowledging the potential exploit. The project reportedly halted its protocol operations to conduct a thorough investigation into the incident.
Additionally, Prisma Finance advised vault owners to disable delegate approval as a precautionary measure.
We are aware of a possible exploit on Prisma.
— Prisma Finance (@PrismaFi) March 28, 2024
Core engineering contributors will pause the protocol and investigate.
We'll share an update and a post-mortem.
From DeFi Future to Security Concerns
Prisma Finance was initially hailed as the future of decentralized finance (DeFi), offering solutions in the form of a new LSTFi protocol. It enabled users to mint a fully collateralized non-custodial and decentralized stablecoin, mkUSD, using Ethereum liquid staking tokens (LSTs) as collateral.
However, the recent exploit paints a stark contrast to the platform's previous reputation, raising concerns regarding cybersecurity in the DeFi space.
Rising Trends in Crypto Hacks
The hack on Prisma Finance adds to a concerning trend in the cryptocurrency space. According to a Feb. 29 report by blockchain security firm Immunefi, over $200 million worth of cryptocurrency was lost to hacks and rug pulls last February, across 32 individual incidents.
This represents a 15.4% increase compared to the same period in 2023. Ethereum remains the most targeted blockchain, with 12 attacks accounting for over 85% of the total value lost in February.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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