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About FOMO LAB

What Is FOMO LAB (FOMO)?

FOMO Lab is a DeFi project driven by a community of creatives, designers, and fans. The project aims to create unique collaborations and engagements between digital creators and famous celebrities, artists, fashion icons, etc. Hence, the FOMO Lab acts as a metaverse creation studio and digital asset as it focuses on Metaverse applications, NFTs, and Play to Earn GameFi ecosystems. The FOMO Lab aims to expand the boundaries of Augmented Reality, Virtual Reality, and NFT technology to launch new products in the market.

The marketplace built for FOMO Lab is called Avenue which is built on Ethereum and Binance Smart Chain. Avenue is a native multichain NFT marketplace. Here, multichain is the space where NFTs can be developed using various blockchain technologies. The Avenue platform provides the solution where collectors and artists have full control over digital collectibles.

FOMO Lab envisions exploring the new kinds of utility to NFTs. These NFT tokens can be used in various ways such as a pass to access the online or real-life event or as a ticket that is impossible to copy or replicate.

The core element of the FOMO Lab ecosystem is the token $FOMO. The FOMO token is utilized in six products that are incorporated by FOMO Lab. These products create an immersive platform for the collectors or fans trade collectibles. Here are a few products offered by FOMO Labs-

  • FomoSTAKE: The FomoLab staking platform is used to get rewards in the form of FOMO tokens.

  • FomoWALLET: From the wallet, the user can get FOMO tokens by storing NFTs on the platform.

  • FomoSWAP: FomoSWAP is a peer-to-peer marketplace to trade collectibles, NFT art, and in-game assets

  • FomoVAULT: FomoVAULT holds valuable NFTs and allows users to redeem the NFTs by burning the required token amount. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value. The total supply of $FOMO tokens is limited to 100 million and 30% of tokens are kept in reserve for the team. The remaining tokens are distributed between projects and staking pools.

History of FOMO LAB (FOMO)

The co-founders of FOMO Lab are Pixasso and Khalil Kasam. Pixasso is also the CEO of Fomo Lab.

News

BeInCrypto • Dec 04, 23

Gold Reaches Record High Amid Predictions of Bitcoin Market Cap Overtake

Bitcoin pioneer and cryptography expert Adam Back predicts Bitcoin will surpass physical gold's market capitalization, possibly within the next year or two.The post Gold Reaches Record High Amid Predictions of Bitcoin Market Cap Overtake appeared first on BeInCrypto.

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CoinDesk • Dec 04, 23

Bitcoin Market-Neutral Bets Offer 10% Return as BTC Tops $41K, Analysts Say

The "basis trade," a standout in the 2020/2021 bull market, is hinting at a resurgence, one observer said, referring to the rising futures premium.

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CoinDesk • Dec 04, 23

Bitcoin’s Price Rise to $41K Buoyed by $200M in Weekend Short Liquidations

Overall market capitalization has risen 3% in the past 24 hours to reach a level previously seen in April 2022.

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BeInCrypto FR • Dec 04, 23

Shiba Inu (SHIB) : Le burning grimpe de 650 % !

Les transactions quotidiennes de Shibarium ont augmenté de 44 397,9 % alors que 500 millions de SHIB ont été brûlés ; le prix du SHIB reste stable dans un contexte d'activité record.

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Unchained • Dec 04, 23

Bitcoin Surges Past $40,000 for First Time Since April 2022

Bitcoin surpassed a critical mark of $40,000 late on Sunday, after resisting a move past the resistance level several times over the last few days.  The market leading digital currency was up 2% over the last 24 hours, trading around $40,100 at the time of writing. Meanwhile, Ethereum was trading...

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Unchained • Dec 04, 23

Arbitrum DAO Passes $23M Backfund Proposal

The Arbitrum DAO concluded a community vote on Saturday, approving an additional 21.1 million additional tokens to fund projects that were approved for a grant under its Short-Term Incentive Program (STIP). Some of the projects which received approval based on their proposals earlier this year fa...

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FOMO LAB is on the rise this week.

The price of FOMO LAB has risen by 100.00% in the past 7 days. The price increased by 100.00% in the last 24 hours. In just the past hour, the price grew by 100.00%.

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