Sunday, August 25, 2019

Virtual Monument of Satoshi Nakamoto Unveiled In Ukraine

After the colorful procession of Satoshi’s supporters through the street of Kiev, the pseudonymous founder of bitcoin got his monument unveiled at the Ukrainian capital at the intersection of Tara’s Shevchenko Boulevard and Kreschatik street.

The three-headed virtual figure had a bitcoin symbol stamped on its bare chest and Vitalik Buterin’s face tattooed on it’s back. Supporters enjoyed a 360 view of this monument by downloading and installing the Satoshi Nakamoto Republic app and even taking selfies in front of it.

The unveiling ceremony was attended by local officials such as Yuri Nazarov, the director of the department of information and communication technologies of the Kiev municipal government.
Even representatives of innovative businesses also showed up, not excluding foreign guests like the founder of CoinJapan, Satoshi Mishima.

The project representatives have disclosed that a second virtual monument will be unveiled at the Hollywood Walk of Fame at Los Angeles this year, precisely on Nov.3. As it is planned already, some Ukrainians have raised support for the next virtual statue at Miami, Florida.

The partnership between Younk, a community-based music label utilizing the blockchain and the Satoshi Nakamoto Republic birthed the idea of creating virtual monuments of Satoshi Nakamoto.

Initially, the plan of the Satoshi Republic team was to raise funds through an initial coin offering to purchase an island where the founder’s city was to be established and the biggest physical monument of Nakamoto to be set up, creating a “virtual, decentralized blockchain republic.”

Presently, Andrey Moroz, the co-founder of the Satoshi Nakamoto Republic according to a press release, has been appointed as the first mayor of the virtual Kiev city. His duties include installation of VR objects and assisting prospective investors with advice on the acquisition of land and property.

Related Article:  Selling Off Bitcoin For Delayed ETF Postponement Makes No Sense, Brian Kelly Says

The republic is presently in search of “founders” around the world that have interest in purchasing the first virtual plots. With the project plans of augmented reality (AR) in place, participants in each municipality will be able to create virtual objects and avatars and even buy advertising space on billboards. The participants and users will enjoy all these benefits through the AR/VR glasses connected to the special app on their smartphones after they had scanned a QR code.

This commendable move by the Satoshi republic’s team is a huge stride already written in the history books of the crypto world’s development.

More Articles

Crypto Projects like Tron to Revolutionise the Digital Entertainment...

The presence of a middleman to arrange contracts, receive payments, finalize agreements, amongst a list of other things is an idea the world has...

Largest Financial Institution in Israel Adopts Blockchain Technology

GMT, the largest financial institution in Israel has adopted Ripple's Blockchain technology to facilitate international payments. This makes the company one of the first...

Coinmarketcap Will No Longer Tolerate Fake Trade Volumes From...

It appears that Coinmarketcap is no longer taking chances with its commitment to uphold transparency and trust in the ecosystem. This was...

South Korean Cryptocurrency Regulator’s Death Investigated

The sudden death of Jung- Ki-joon, 52, leader at economic policy at the Office for Government Policy Coordination, is currently being investigated by South...

Nvidia Accused of Falsifying Revenue Report to Save Stock...

California-based giant tech company, Nvidia, has been subtly accused of giving a false report of their total of earnings and revenue in 2018, following...

Kiev Now Ready To Regulate The Use Of Cryptocurrencies

It is not really a good situation out there in Ukraine, as the conditions are not favorable for legitimate cryptocurrency operators in the country....

The Bearish Decline of Bitcoin Continues, Will a Change...

The bearish nature of Bitcoin has continued steadily for a while now, and there are speculations that it might not change soon. Its value...

A Beginner’s Guide to Cryptocurrency Mining

Today, a lot of people have made cryptocurrency a part of their financial asset. Cryptocurrency is electronic cash which is powered by the blockchain,...

KPMG: Bitcoin Cannot Be Classified As Store of Value...

Top audit, tax, and advisory services firm, KPMG, has revealed in a study on cryptocurrency that for digital currencies like Bitcoin (BTC) to attain the status of a store of value asset, it would take a long period of time.

Australian Woman Leads Adoption, Tours 10 Countries Spending Cryptocurrencies

Who says you can't go around the world spending cryptocurrencies? As many believe, cryptocurrencies are only good for speculations. But with a little research,...

Project Khokha Undergoes Successful Trial: South African Reserve Bank...

The central bank of South Africa has revealed the accomplishment of Project Khokha's preliminary procedure, which was intended to assemble proof of idea commercial...

South Korean Exchange Upbit Raided Over Fraudulent Activities

The South Korean exchange Upbit has been raided today by South Korean prosecutors over fraudulent activities, according to information from Bloomberg. The authorities took...

Latest Articles

Microsoft 70-411 Exam: Everything You Need to Know

We can’t deny the fact that the world is moving towards the future faster than ever before. Not a day goes by that we...

Why US-based people can’t bet with bitcoins at online...

Online gambling using bitcoin has been happening since the time when cryptocurrency came into being. In the initial days, gamblers used to opt for...

Couple Pays For Breakfast Using Bitcoin, Community Finds This...

A Reddit user by the username u/portageco recently made a post in bitcoin's official subreddit. In his post, u/portageco boasts about how he paid...

Australian Woman Leads Adoption, Tours 10 Countries Spending Cryptocurrencies

Who says you can't go around the world spending cryptocurrencies? As many believe, cryptocurrencies are only good for speculations. But with a little research,...

Did A Physical Bitcoin Just Sell For $99k On...

As at the time of reporting, the listing on eBay had closed. This could be because the seller got a buyer or he decided...

Litecoin Now Approved In 30,000+ Stores

As cryptocurrencies gain ground, more and more technology-based firms find ways to incorporate the nascent technology into everyday life. Moon, prior to this time,...

How To Shop on Amazon with Bitcoin – Step-By-Step...

Wondered how to shop on Amazon with bitcoin? Then here's how you can purchase goods on one of the largest e-commerce websites that ships...

How To Buy Bitcoin On Coinbase – Step-By-Step Guide

Buy Bitcoin on Coinbase instantly in the U.S., UK, Canada, or anywhere you are globally. Coinbase cryptocurrency exchange has enabled its customers buy the...

Grayscale Bitcoin Trust Boosts By 300%, Affects Oil &...

The institutional investment product, Grayscale Bitcoin Trust (GBTC), experienced a growth of more than 300% due to its outstanding performance since February, Forbes reports....

How To Create A Coinbase Account – Step-By-Step Guide

Create a Coinbase account with ease. Use this illustrative guide to create a Coinbase account for buying, selling, and storing cryptocurrencies. And you know...

$9.2 Trillion Transferred Using Bitcoins In 2.5 Years

Against present belief that bitcoin is only used for speculation, James McDowall, a crypto investor and advisor shared a metric about Bitcoin that's been...