BORA(BORA)

Mastercard has entered a collaboration that would allow retail customers in the APAC region to spend their stablecoins anywhere Mastercard is accepted.

Hong Kong is making significant strides towards becoming a global crypto hub, with the latest developments indicating that the city is positioning itself as an attractive destination for crypto-related businesses. Recent reports indicate that Signum Digital, a joint venture of Coinstreet and Somerley, has received approval-in-principle from the Hong Kong Securities and Futures Commission (SFC) for its security token offering (STO) and subscription platform, which will be a pioneering development in Hong Kong. Cryptocurrency data firm Kaiko has also announced its plans to move its Asian headquarters from Singapore to Hong Kong, citing the city’s pro-crypto policies and impressive recovery from covid-related restrictions. Security tokens, a new category of digital assets built on blockchain technology, represent ownership of tangible assets like private equities, real estate, art, and collectibles. By being linked to real-world assets, security tokens lower risks for potential investors, facilitate research processes, and provide a foundation for the market value of the investment opportunity. According to Signum Digital, following the receipt of final authorization from Hong Kong’s SFC, it will manage the STO platform using the brand name “CS-Pro.” The STO platform is expected to create new investment opportunities for everyday investors, and it will be subject to the regulatory frameworks set up by the Hong Kong government. Kaiko, on the other hand, is relocating its Asian headquarters from Singapore to Hong Kong due to the latter’s pro-crypto policies and attractiveness to investors, hedge funds, and asset managers. Kaiko has built a reputation for providing credible market data on digital assets to institutional investors and market participants. Hong Kong’s push to become a global crypto hub has attracted other players in the crypto industry, including Singaporean bank DBS and Seychelles-based crypto exchange, Huobi. The city’s administration is committed to building an enabling environment that facilitates the growth and development of the digital asset industry, and it plans to introduce a mandatory license for all cryptocurrency exchanges and stablecoin providers operating within its territory. The city also introduced the world's first tokenized green bond. Hong Kong's efforts to establish itself as a leading crypto hub are not only reflected in the influx of crypto-related businesses, but also in the regulatory policies and plans being implemented by the local government. In fact, Hong Kong's growing faith in the digital asset market is apparent in its decision to allow individual investors to freely trade major cryptocurrencies like Bitcoin and Ether, among others. The Hong Kong government is set to introduce a mandatory license for all cryptocurrency exchanges and stablecoin providers operating within its territory. This move aims to regulate and monitor the activities of digital asset companies, ensuring that they operate within the boundaries of the law and provide a safe environment for investors. Hong Kong is determined to build a regulatory framework that encourages digital asset adoption while protecting its citizens against industry crises. This is evident in the city's response to the FTX bankruptcy saga that occurred in November 2022. As part of its measures to mitigate the impact of the crisis on its citizens, Hong Kong's Securities and Futures Commission (SFC) mandated FTX to pay a compensation fee of HKD 1.2 billion ($154 million) to affected customers. Hong Kong's efforts to regulate the digital asset industry are not limited to its domestic market. The city is also exploring ways to collaborate with other countries to establish an international regulatory framework for the crypto industry. In particular, Hong Kong's SFC is a member of the Global Financial Innovation Network (GFIN), a group of regulators from different countries that aims to promote innovation in the financial sector while maintaining regulatory compliance. It's admirable how Hong Kong's determination to build a regulatory framework that fosters digital asset adoption while protecting its citizens is a positive development for the crypto industry. As the city continues to attract more businesses and investors, its pro-crypto policies and regulatory initiatives are expected to provide a secure and stable environment for the growth and development of the digital asset market. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Dubai, United Arab Emirates, 17th March, 2023, ChainwireZOGI Labs, a multidivisional blockchain company and gaming studio established in May 2021, and the team behind the revolutionary MMORPG Legends of Bezogia, has announced the successful conclusion of its private token sale for its in-game currency, Magical Blocks ($MBLK). Led by web3-focused M3 Ventures Ltd (HK), the investors, partners, and collaborators of ZOGI Labs also include notable industry leaders like Polygon (MATIC), Cronos Chain (Crypto.com), BNB Chain, as well as multiple ecosystem partnerships with platforms, guilds, and communities. The private sale exceeded all expectations, closing the round with $1.8 Million of token sales and setting the stage for a highly anticipated public sale (IDO).“I strongly believe the reason behind the confidence of our investors comes from Legends of Bezogia being a proprietary late stage product with a mature community and ecosystem which involves tens of thousands of gamers and many hundreds of beta testers that are experiencing Legends of Bezogia going into final release this year. This has established a strong demand for the $MBLK token already before its launch and release. Utility is what grows value for all stakeholders and our investors see that.” said CEO, Steve Murray, talking to industry leaders recently on the panel at AIBC conference in Dubai.This milestone marks a major step forward for $MBLK, as it prepares for its highly anticipated initial DEX offering (IDO) in April of this year. With a unique blend of blockchain technology and cutting-edge gaming mechanics, $MBLK is exactly what the industry has needed to seamlessly bridge the gaming and blockchain industry. Designed and coded from scratch by the ZOGI team, $MBLK establishes a new standard in sustainability mechanics and logics of an open-world metaverse environment. Learn more about this in ZOGI Labs' whitepaper.The overwhelming demand for $MBLK is a testament to the innovative nature of the project and the full-stack team of more than 45 talented individuals who are fully committed to delivering this immersive and entertaining decentralized gaming experience. With the private sale now closed, ZOGI Labs is turning its attention to the upcoming IDO, where it plans to offer whitelisted investors a chance to buy early and gain access to the exciting world of Legends of Bezogia.It's clear that the gaming and blockchain communities recognize the enormous potential of $MBLK and, after 2 rigorous years of development, are excited to see Legends of Bezogia coming to every major gaming platform and operating system in 2023.To stay informed about the IDO and Legends of Bezogia, sign up here and join our growing community today!About ZOGI LabsZOGI Labs is a multidivisional blockchain company and gaming studio established in May 2021, and the team behind the revolutionary MMORPG Legends of Bezogia. At ZOGI Labs, our mission is to seamlessly blend blockchain technology and cutting-edge gaming mechanics to create a truly immersive digital realm - a place where gamers can escape into stunning otherworldly landscapes, live vicariously through their Bezogi avatars, and have a block-buster of a time in the lands of Bezogia.ZOGI Labs is raising the bar for crypto-based games with breathtaking graphics, a rich storyline, quirky characters, and a level of fun that will keep you chained to your screen.ZOGI Labs is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.ContactCEOSteve MurrayZogi [email protected]

Source: Depositphotos DeFi infrastructure provider AllianceBlock is changing the dynamics for crypto startups seeking funding through a unique partnership with ABO Digital, the digital asset investment arm of Alpha Blue Ocean. The collaboration will enable crypto projects to seek alternative funding by issuing fully-compliant tokenized structured products to their financial backers. Until now, crypto projects have been limited in their financing options, and usually obtain liquidity by issuing tokens to market makers and early investors. AllianceBlock and ABO Digital will provide them with the ability to tokenize traditional financial instruments and wrap them up as traditional Actively Managed Certificates, or AMCs, which can then be offered to capital providers that don’t want to hold digital tokens. ABO Digital’s role in the partnership is to negotiate and structure financial instruments on behalf of crypto projects, based on their capital needs and liquidity requirements. AllianceBlock, meanwhile, will leverage its Nexera Protocol infrastructure and Nexera ID technology to tokenize these instruments as fully compliant AMCs. Investor’s capital will be locked into smart contracts, to be released only once the project’s minimum funding threshold has been achieved. Investors will then receive a traditional AMC that will be managed by AllianceBlock. The main advantage of this initiative is that traditionally risk-averse institutional investors now have a way to offer capital to promising crypto projects in a way that’s fully compliant. AMCs provide a different form of ownership that’s more palatable than owning digital tokens. AllianceBlock Chief Executive Rachid Ajaja said his company is offering institutional investors a compliant and less risky way to get involved in DeFi. “This partnership marks a significant milestone for both companies and the industry as a whole, demonstrating our commitment to innovation, compliance, and risk management,” he said. In addition to AMCs, AllianceBlock and ABO Digital said they will enable large crypto funds, private equity firms and others to issue capital in the shape of tokenized financial instruments such as bonds, options and shares. By tokenizing such instruments, the companies say they’ll be able to appeal to newer classes of investors. Asset tokenization is one of the most promising areas of DeFi, or decentralized finance, as it has the potential to transform how investments are made. As AllianceBlock explains, many real-world assets are traded in an extremely primitive way, with ownership certified on paper contracts. This results in higher costs and long transaction times, and makes it difficult to subdivide the ownership of many kinds of assets. Digital tokenization will enable fractional ownership of almost any kind of asset with lower costs, making them accessible to all types of investor, be it an institution or private individual. ABO Digital CEO Amine Nedjai said today's announcement will tempt more institutional capital providers to look at the evolving DeFi space. “We look forward to working with AllianceBlock and paving the way for a new era in finance, one that is both creative and professional,” he said. Going forward, AllianceBlock said it will work with ABO Digital to explore additional alternative financial investments for institutions using tokenization, as part of its mission to build a seamless gateway between the traditional and decentralized finance worlds.

The Worldcoin project, a crypto platform created by Sam Altman (co-founder of OpenAI), has announced the launch of World ID, a digital identity solution based on zero-knowledge proofs. The announcement also opens the project's clients to a waitlist for the software development kit (SDK) which will be made available to select developers. This marks the firm's initial venture and further commitment to providing privacy-first digital identity verification on the internet. According to Worldcoin, the solution will also be supporting use-cases for user anonymity, aside from being designed as a privacy-first implementation. Documentation for the project is already publicly available for review. Introducing World ID, a new privacy-first digital identity that brings global proof of personhood to the internet.Find out more and sign up for the SDK ⬇️https://t.co/jD7ztwbeGY — Worldcoin (@worldcoin) March 14, 2023 Altman, who worked on Worldcoin alongside his other high-profile tech projects, is also well-known for his role as the former president of the startup incubator Y Combinator and as the co-founder and current CEO of OpenAI, an artificial intelligence research laboratory. Altman co-founded OpenAI alongside Elon Musk, Ilya Sutskever, Greg Brockman, and Mira Murati. The project describes World ID as a sort of "global digital passport" which users may then store on their mobile device's local memory. On the outset, this means that users are provided with a way of proving their "humanness" and unique identity without the requirement of identifiable (and hence: unsecure) information such as phone numbers and addresses. These are all used for tracking in websites we often use, stored as cookies into a server's database. This implementation is similar to the introduction of ZK identity which Polygon unveiled last week. Given the launch, World ID will be introduced as a new standard for zero-knowledge identity across the web. The firm has also initiated a waitlist for its World ID SDK, which will enable developers to integarate the identity verification system into their applications to screen out bots. "Artificial intelligence is presenting new opportunities across all industries and World ID aims to bring global proof of personhood to the internet," shares Worldcoin. The firm also went on to highlight the statistical conditions for creating such a solution (and perhaps more importantly, why it is necessary at a time such as ours): more than 50% of the global population lacks access to verifiable identification with a legal basis. Worldcoin's World ID initiative seeks to address this, and this writer feels that it's a great fit, especially given the advent of Web3, because it is a solution that moves forward from a decentralized approach.Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

India and the United Arab Emirates (UAE) will collaborate on central bank digital currencies (CBDCs) by jointly conducting at least one pilot.

Seoul, South Korea, 15th March, 2023, ChainwireWemade Co., Ltd (KOSDAQ:112040), one of the largest publicly-listed gaming companies in South Korea with a market capitalization of US$1.4 billion, has announced a strategic partnership with Space and Time (SxT), a leader in decentralized data warehousing. The partnership will allow Wemade to power its blockchain and gaming services with Space and Time’s decentralized suite of developer tools. Today, Wemade services more than 20 different play-to-earn (P2E) games across all genres, including MIR M and the world's no. 1 blockchain game MIR4, on its global open blockchain gaming platform WEMIX PLAY. This is part of the mega-ecosystem that its blockchain developer subsidiary, WEMIX is building which encompasses its own mainnet, WEMIX 3.0; an extensive range of services like NFTs and DeFi; and WEMIX coin - the bridge that connects all of the components of the mega-ecosystem. WEMIX has also announced plans to launch an Ethereum layer-2 utilizing zero knowledge proof (ZKP) protocols that will improve scalability while still ensuring users' privacy and security. Space and Time and Wemade are planning to closely collaborate in the future with next-generation decentralized infrastructure for more robust and scalable GameFi development. "We believe that blockchain is the future of gaming, offering gamers greater ownership and control over their digital assets," said WEMIX CEO Shane Kim. "As the blockchain transformation of traditional games continues to grow, the partnership with Space and Time will help strengthen our blockchain infrastructure capabilities and contribute to our commitment to building an inter-game economy." Space and Time packages a full suite of developer tools in a single decentralized deployment. The platform provides developers with real-time, tamperproof indexed blockchain data, a hybrid transactional and analytic (HTAP) data warehouse, and a serverless API gateway for simplified building of fully decentralized applications and faster dApp time-to-market. Queries run in the Space and Time data warehouse are verifiably tamperproof. Space and Time’s novel cryptography, Proof of SQL, allows smart contracts to run tamperproof queries directly, opening up a wealth of powerful use cases built on blockchain technology and a fully decentralized stack. Game developers building on Space and Time can join real-time blockchain data with off-chain game-generated data in a single query and connect the results back to smart contracts on-chain. Space and Time will enable Wemade to facilitate more complex earning schemes for its P2E games, run tamperproof analytics against game activity, and reduce on-chain storage costs by connecting a scalable decentralized data warehouse to the blockchain-based platform. “We’re thrilled to partner with one of the biggest and most respected gaming companies in the world,” said Nate Holiday, CEO and Co-Founder of Space and Time. “Space and Time is committed to advancing the blockchain gaming industry with essential next-generation infrastructure and developer tools. This partnership is a huge step forward for the Web3 gaming industry. Together, Wemade and Space and Time are building a new blockchain gaming ecosystem to onboard the next wave of game developers.” Wemade is known for its blockbuster title The Legend of Mir 2, which is one of the most successful RPG titles in the history of Chinese gaming. Within years of its 2002 launch in China, The Legend of Mir 2 dominated the Chinese gaming market with a 64% market share. In addition to its Web3 GameFi initiatives, the Wemade platform also supports DEXs, NFT marketplaces, and more on its L1 mainnet. Wemade remains committed to actively expanding its blockchain ecosystem beyond GameFi. By partnering with Space and Time, Wemade will provide more secure and decentralized services to developers building GameFi, DeFi, and other Web3 applications. About Wemade Wemade is a pioneering game developer from Korea, with a focus that shifts towards metaverse and blockchain (NFT, DeFi) technology, emphasizing personalized gaming experiences. Wemade strives to transform everyday games with blockchain technology and establish its WEMIX coin as a key currency in the gaming industry. Wemade aims to become a mega-ecosystem by launching its own mainnet, WEMIX 3.0, introducing its own currency, $WEMIX, and offering a wide range of services and platforms that embrace DeFi and NFT, etc. For more information, visit: https://www.wemade.com/ For media inquiries, please contact: Kevin Foo, Head of PR, [email protected] About WEMIX WEMIX Pte. Ltd aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Headquartered in Singapore, WEMIX is a subsidiary of Wemade, the developer and owner of “The Legend of Mir” IP, a highly successful game series with over 500 million users. About Space and Time Space and Time is the first Web3-native decentralized data warehouse that joins tamperproof on-chain and off-chain data to deliver enterprise use cases to smart contracts. Space and Time has developed a novel cryptography called Proof of SQL™ that allows developers to connect analytics directly to smart contracts, opening up a wealth of powerful new use cases and business logic on blockchain technology. Space and Time is built from the ground up as a multichain data platform for Web3 developers in financial services, gaming, DeFi, or any project requiring next-gen analytics. For more information, visit: Website | Twitter | Discord | Telegram | LinkedIn | YouTube For media inquiries, please contact: Spencer Reeves, [email protected] ContactKevin [email protected]

London, United Kingdom, 14th March, 2023, ChainwirePlay-to-earn favorite Metacade continues to draw investor attention after raising more than $10m, as it now enters the penultimate stage of the presale. With confirmed listings on Bitmart and Uniswap due after the presale ends on the 30th of March, there are only 16 days left before the token goes public. MCADE is available to buy on the official Metacade website. Russell Bennet, CEO of Metacade, said of the recent presale success: “I’m absolutely thrilled that we’ve continued our traction and have hit such a huge milestone. The confidence that our supporters have put in us is something that will drive the team forward as we enter our final stage.” The accelerated interest in the project has undoubtedly been helped by the recent announcement that the project has hired Principal Product Designer, Tyler Lange. Russell further elaborated by saying, “We’re delighted to have Tyler on board. This puts us ahead of schedule in terms of the front-end development of our end product. We’re now in a position to start developing the initial app concepts, which I’ll be showcasing in an upcoming AMA.” With the presale amount raised now passing the $10 million mark, the team has high hopes for the price of MCADE as it launches on exchanges throughout April 2023, following hot on the trail of this year’s GameFi trend that captures international audiences made up of both investors and gaming enthusiasts. Metacade focuses on community-driven concepts and very much embraces the DAO ethos, with regular polls and AMAs offering investors and enthusiasts the opportunity to guide the direction of the project. The platform will deliver play-to-earn, create-to-earn, and compete-to-earn mechanics to deliver a GameFi product with a broad use case that can grow and develop whilst rewarding its members both financially and in terms of online and mobile app gaming experience. The Metagrants initiative in particular draws in investors as a source of funding for game developers, who are incentivized to build platform-specific projects. Following the social chats, especially on Telegram, we’ve already seen a number of exciting concepts being sent in from users and addressed in recent AMA events. The most popular proposals will be subject to community votes on what is the best direction for upcoming development. The stamp of approval from CertiK, the leading blockchain auditors, reassures investors that the project specifications and code are reviewed and the Metacade team has passed KYC. This puts Metacade on the same level of confidence as other CertiK projects including Aave, Polygon and Chiliz. The full audit results are available on the CertiK website. About Metacade Metacade is the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3 and connect with the broader gaming community. Metacade will be the one-stop destination for users to play, earn and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged decentralized autonomous organization, evidencing its commitment to people-led gaming. Links Website | Whitepaper | Socials | CertiK AuditContactCEORussell [email protected]

Palo Alto, CA, 13th March, 2023, ChainwireKatana Inu has partnered with Boba Network to explore collaboration opportunities between their platforms. The partnership will leverage the strengths of both companies to develop better gaming experiences that combine play-to-earn mechanics, multichain support, and non-fungible tokens. The combined effort between Katana Inu and Boba Network will provide players with fast, efficient transactions and exciting new NFTs. Overview of Katana Inu and Boba Network Katana Inu is a decentralized gaming platform that allows players to earn rewards by participating in various games and activities. It is an exciting PC game that combines cryptocurrency, NFTs, and battle royale elements. The game is in third-person and focuses on a fast-paced sword and spell-fighting combination in a beautiful Japanese-inspired world. Players can customize their character with limited NFT skins, which they can buy, sell or trade on the blockchain. The game offers various earning opportunities for its players, like rewards for completing in-game challenges or defeating other players in combat. Katana Inu's native token, KATA, allows players to purchase NFTs and participate in its in-game economy. On the other hand, Boba Network is a Layer-2 scaling solution for Ethereum that enables lightning-fast transactions and significantly reduces gas fees. The network is built on Optimistic Rollup technology and provides a seamless user experience for developers and users alike. Why Boba Network? Katana Inu values blockchain agnosticism, a system that allows users to choose between blockchains based on their needs and preferences. The Boba Network offers multichain solutions for its clients. By collaborating with them, Katana Inu can provide players with multichain access, allowing them to select a suitable blockchain that meets their requirements. Katana Inu will also build on the Boba Network chain, enabling faster and cheaper transactions within the game's ecosystem. Partnership Details The partnership between Katana Inu and Boba Network will significantly benefit both platforms and their respective communities. Katana Inu plans to build on the Boba Network's chain and will leverage Boba Network's multichain solution to expand accessibility to its in-game economy and allow players to pick whatever blockchain best suits their needs. Also, Katana Inu will create in-game NFTs for Boba Network, which will be issued on the Kainu NFT marketplace. Players can purchase these special NFTs on the Kainu marketplace, which may come with different in-game perks or abilities. By providing an avenue for multichain access, Katana Inu players can now carry out in-game transactions faster with significantly reduced fees, thanks to Boba Network's offerings. This multichain integration will enhance the overall gaming experience and attract more users to the platform. Speaking on the partnership, Marwan, founder of Katana Inu, said: "Costly transactions turn many players away from blockchain gaming, and it isn't hard to see why. Gaming should be fun, even if it is a play-to-earn game. Our partnership with Boba Network will help bring the fun back to P2E by allowing players to pick a chain of their choice for transactions while exploring Katana Inu's land of Shen." Similarly, the CEO of Boba Network, Alan Chiu, added: "We are excited to partner with Katana Inu and support their vision of creating a play-to-earn gaming platform. Our Layer-2 scaling solution will provide users with a seamless experience, allowing them to focus on playing games and earning rewards without worrying about high fees or slow transactions." Multichain Integration: Impact on the P2E Industry Play-to-earn games utilize blockchain technology, ensuring players have full ownership and control over their digital assets. They can trade these assets, which could be digital land, in-game items, or tokens on an open marketplace. However, all blockchains are compatible, and some may have limitations such as high fees, low scalability, or poor user experience. This is where multichain solutions come in handy. Multichain solutions allow players to access different blockchains seamlessly and enjoy the best features of each one. This solution creates cross-chain interoperability, meaning players can transfer their assets from one blockchain to another without losing value or functionality. Katana Inu players can now benefit from this feature, trading their tokens or NFTs freely without worrying about value loss across the chain. Multichain solutions are vital for play-to-earn gaming because they enhance the gaming experience and expand the gaming economy. By using multichain solutions, players can enjoy more choices, more opportunities, and more freedom in their gaming adventures. They can also benefit from increased liquidity, lower barriers to entry, and higher network effects. About Boba Network Boba Network's Hybrid Compute technology connects Web2 with blockchain for the first time, enabling smart contracts to access any external Web2 API to perform complex tasks such as machine learning models, fetch real-world or enterprise data in a single transaction, or update with the latest state of a gaming engine. By using off-chain computing and real-world data, developers and creators can provide an enhanced experience unlike anything else on the market today. Website | Blog | Twitter | Medium About Katana Inu Katana Inu is a metaverse platform and a high-end blockchain gaming application. Katana Inu provides its players with innovative play-to-earn opportunities and an immersive gaming experience. The project seeks to provide value to the world by driving the culture of decentralization and improving awareness of the potential of blockchain technology through its offerings. Website | Telegram | Twitter | LinkedInContactMark [email protected]

According to an announcement by the Federal Reserve, New York-based Signature Bank, which had several clients in the cryptocurrency space, was shut down by state regulators. Signature Bank Shut Down New York State financial regulators on Sunday shut down Signature Bank. The move comes as the fallout from the implosion of SVB Financial Group’s Silicon Valley Bank threatens to start a domino effect. According to regulatory authorities, depositors of the New York-based banks would be able to access their funds under a “very similar systemic risk exception” to that of Silicon Valley Bank, according to a joint statement by the Treasury Department, the Federal Reserve, and the Federal Insurance Deposit Corp. The statement stated, “We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority. All depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer.” The joint statement also outlined several actions that federal regulators would be undertaking to ensure the protection of depositors in SVB. “Signature Bank is a New York state-chartered commercial bank and is FDIC-insured, with total assets of approximately $110.36 billion and total deposits of approximately $88.59 billion as of December 31, 2022. DFS is in close contact with all regulated entities in light of market events, monitoring market trends and collaborating closely with other state and federal regulators to protect consumers, ensure the health of the entities we regulate, and preserve the stability of the global financial system.” An Unexpected Decision The decision by regulatory authorities to put Signature Bank into receivership came as a surprise to many, most of all to its managers, who, according to sources, found out about the decision just before the public announcement. As a result of the announcement, the bank faced a barrage of deposit outflows on Friday. However, the situation seemed to stabilize over the weekend, according to a person familiar with the matter. Silicon Valley Bank Contagion Spreading? Silicon Valley Bank’s abrupt failure on Friday saw the bank unravel in less than 48 hours after announcing a plan to shore up capital in its support. SVB had taken a significant loss on the sale of its securities against the backdrop of soaring interest rates. As a result, worried depositors began pulling their money from the bank, with $42 billion withdrawn on Thursday alone. As a result, regulators are struggling to find a way to stop the SVB contagion from spreading to other lenders. Treasury Secretary Janet Yellen stated that she had approved a resolution for SVB that would protect all depositors. As the concern for the health of smaller banks focused on the startup and venture capital communities grows, regulators are considering extraordinary measures to protect depositors and financial institutions. Signature Was Looking To Reduce Crypto Exposure Signature Bank first came under scrutiny during the collapse of the FTX exchange, as it emerged that the exchange held accounts with the bank. Signature Bank stated at the time that these accounts represented less than 0.1% of its overall deposits. The bank also stated that it was planning to shed around $10 billion in deposits from digital assets clients. This would bring down its crypto-related deposits to around 15-20% of its total. Another bank hit by the FTX debacle was Silvergate, which as a result, lost all its depositors and business partners. As a result, the bank announced that it was shutting down its operations just days before the seizure of Silicon Valley Bank. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Exclusive live discussion with Rutherford Atayobo, the accomplished Chief Operating Officer of SinVerse - a revolutionary blockchain-based metaverse game that boasts a cutting-edge R-Rated Mafia theme. SinVerse has rapidly emerged as one of the most popular and engaging metaverse games in the dynamic Web3 space, delivering an unmatched immersive and interactive gaming experience. During this insightful conversation, Rutherford will share his perspectives and expertise on the development and success of SinVerse, including the challenges and opportunities that arise in building a metaverse game on the blockchain. Gain valuable insights into the future of gaming and blockchain technology from one of the most innovative leaders in the industry. Hello, I am Efe Rutherford Atayobo, co-founder and COO of Sinverse, the first R-Rated Mafia Metaverse built on Web3. As an entrepreneur, innovator, and blockchain ecosystem developer, I have been actively involved in the Web3 ecosystem since 2015 . Since then, I have also founded Manilla Finance, Vanilla Network and Cabbie, three highly innovative and scalable web3 projects. 1. Where do you see the future of Web3 gaming, and how big do you think it is going to be? The future of Web3 gaming is incredibly promising as it combines the benefits of blockchain technology with online gaming to create an entirely new gaming experience. With the ability for players to own and control their in-game assets, a new economy is created within the game, where players can earn real-world value from their virtual items. Additionally, Web3 gaming provides a new revenue model for developers, which incentivizes them to create high-quality games that attract and retain players. The potential for Web3 gaming is enormous, and we expect it to become a major part of the gaming industry as more people become familiar with blockchain technology and its benefits. 2. Would you consider partnerships with other existing Web3 games, and do you have any lined up already? Sinverse has already established partnerships with many Web3 gaming projects, such as SugarBounce and Vulcan Forged. We are excited to collaborate with other innovative and creative projects in the space to create new and exciting experiences for our users. However, we also prioritize partnerships with other A-list institutions within the blockchain space, such as Kucoin and Caasha, to offer our users more opportunities to engage in the Sinverse ecosystem. 3. Is Sinverse a web-based game, and is a mobile version in the works? Sinverse is currently a web-based game that can be played on Windows computers. However, we are actively developing an Android version of the game to make it accessible to a wider audience. The mobile version should be playable in a few months from now. 4. What are the plans for the native token of Sinverse, and how does it integrate into the Sinverse ecosystem? The SIN token is the backbone of the Sinverse ecosystem. It is used to purchase land, build businesses, buy weapons, and recruit teams, among other things. The game features a player-run economy where the SIN token actively moves from one holder's hand to the other. It is essential for players to hold SIN to achieve anything meaningful in Sinverse. 5. When would Sinverse be fully playable? We have developed 8 out of the 17 districts that Sinverse features, and the alpha version is currently being played by users. We are actively developing both the Android and Windows PC versions, and we are focused on delivering a high-quality experience to our users. While we cannot give an exact date for when the game will be fully playable, we are making significant progress, and we are excited about the future of Sinverse. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In the early days of the internet, the world wide web was a wild west of information, with centralised institutions controlling both the flow of data and how online experiences should play out. As internet technology has advanced, so too has our ability to decentralise and democratise the web, often to great advantage. Today, terms like Web3, Metaverse, Decentralisation, Democratisation, and Virtual Worlds are on everyone's lips as we explore the possibilities of a more equitable, immersive, and fairly-distributed digital world. Now, blockchains, dApps, NFTs and Metaverses are at the forefront of this movement, creating new spaces for us to explore, collaborate, and create in ways that were previously impossible. These digital playgrounds are not only part of the solution, but they are where like-minded thinkers unite to map out the next wave of ideas. “Web3”, “Decentralisation”, and “Metaverse” are more than just buzzwords - they're the building blocks of a newly democratised digital world. The Key to Decentralising & Democratising Virtual Worlds In decentralised virtual worlds, governance is often handled by the community itself, rather than a central authority. This is done smoothly through a combination of apps like Telegram, Discord, Signal, and the use of the Decentralised Autonomous Organisation (DAO). This means that players have more say in how the world is run, from the game's rules to the distribution of rewards. By giving players a voice, developers can create more engaging and inclusive experiences, while DAO governance motivates the players to become crucial to the evolution of the metaverses they use, through voting power and reward models. Another key aspect of decentralisation, and one that draws in huge numbers of players, is the ability to earn real-world value from their in-game activity. With the rise of play-to-earn (P2E) mechanics, players can earn cryptocurrency or other digital assets by participating in the in-game economy. This has the potential to create more equitable and sustainable virtual economies, where players are rewarded for their contributions to the community, paving the way for digital meritocracies. It also helps to create players or users who are engaged for the long term, driving them to become champions of the game and stakeholders in its success. Where Else Can We Find Models of Democratisation in the Metaverse? Governance and earning are the primary methods, but making games more inclusive, engaging, and fair, is not as simple as that. Developers must immerse themselves deeper into user psychology to understand what drives digital experiences and makes players feel more like a part of the community than a client of their service. One way of accomplishing this is through avatar and asset ownership. In a decentralised virtual world, digital assets like skins, weapons, and other items can be traded on the blockchain as non-fungible tokens (NFTs) NFTs have the potential to create new revenue streams for developers and players alike, while offering genuine, tangible ownership. This aspect is core to undoing the preconceived notion that we must buy our way to success in the gaming world, spending huge sums for downloadable content and asset packs that have no resale value. It’s not just virtual assets either, in many metaverses, you own your characters and have the option to sell them, trade them, upgrade them, and experiment with different styles and strategies based on their attributes. As you evolve as a person, so can your character. In the metaverse, there will be nothing stopping a dragonslayer from one Metaverse racing F1 in another. The blockchain offers far greater autonomy for players and their avatars and in the future, players will be able to take their assets and avatars with them across different games and platforms, creating a more fluid and interconnected virtual ecosystem, where players can truly shape their own destinies. What Does a Decentralised & Democratised Metaverse Look Like? On the verge of reimagining what it means to be a metaverse is Heroes of NFT’s “Luminoria”. Having already had great success in the NFT space and with PvP play-to-earn games, Heroes of NFT (HON) are set to release a metaverse like no other. Beyond futuristic graphics, a thoroughly developed storyline, functioning tokenomics, and a huge community already playing their games and taking advantage of their DeFi tools, HON has something other metaverses can’t compete with. A real plan for democracy. Community-first and transparency have been core ideals of this project, started by a group of real-life friends who wanted to take their childhood affinity for trading card games onto the blockchain. From their original idea, to a fully-functioning metaverse, this has been a journey that has brought them a great deal of buy-in, respect, and community along the way. It’s brought them closer together as a team too. They shared every milestone, went into depth about their personal journeys, and actively manage their flourishing communities. At the same time, they have handed over power and ownership to the community that allows them to dream, in the form of tokens, governance, and a considerable ambassador programme. Now, with a team of ambassadors, a growing community of enthusiasts, and a huge amount of transparency about everything in development, they are ready for the next step of democracy. Virtual real estate. The upcoming land sale will not just give players the chance to own a little slice of their metaverse, it will give them a key to the kingdom and a seat at the table. Upon purchasing land, the buyer will be able to stake this unique virtual space into a 5-year plan that will return their investment. Unlike real-world estate where it can take decades to pay back a property loan, in HON’s metaverse, you pay upfront and the staking rewards pay you back for 5 years until your investment is returned. In the meantime, you can turn your land NFT (which is really a futuristic apartment) into your own, customising it and making use of your creative expression. For other projects looking to democratise, the use of community-sourced ambassadors, transparent reporting, and an open-to-the-public land sale with staking rewards are a few innovative ideas to do so. Democratised Digital Experiences: Enjoy in Your Own Way Democratised and decentralised metaverses offer players the chance to enjoy gaming in their own way, not having to fit into a box or be limited by the fixed dynamics of a game, as has almost always been the case. Whether it's creating new content, participating in the game economy, or simply exploring a new world, players can engage with virtual worlds on their own terms, and with greater depth. This new era will not be without its challenges. As developers embrace new models of governance and monetisation, they must also be mindful of issues like security, privacy, and inclusivity, as well as ethical and moral dilemmas. The benefits of decentralisation and democratisation are designed to be shared by all and ensure that virtual worlds remain safe and accessible to everyone. One thing is clear: the possibilities are endless. With decentralised technology and virtual worlds, we can create a more equitable, sustainable, and engaging future for gaming. So let's roll up our sleeves, dive into the Metaverse, and see what the future holds. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

[PRESS RELEASE – Please Read Disclaimer] Grizzly.fi, a DeFi platform that wants to make DeFi accessible to everyone, has great news for its community! On March 6th, 2023, Grizzly.fi announced a collaboration with some big names in the DeFi world to give away a Tesla Model 3. The giveaway will end on March 20th and […]

The statement is a response to WSJ detailing messages between firm staff, hinting at close collaboration between Binance and Binance.US.

[PRESS RELEASE – Geneva, Switzerland, 2nd March 2023] TRON has taken a major step towards combining artificial intelligence with blockchain technology by partnering with Oraichain, the world’s first AI-powered oracle and ecosystem for blockchains. This partnership solidifies the future of decentralized AI by providing education, incubation, and technical integrations to developers, thereby empowering them to […]

[PRESS RELEASE – Los Angeles, California, 28th February 2023] We’re excited to partner with Hyperspace, the cutting-edge Solana NFT marketplace, to integrate MegaSwap, the cross-chain smart service for web3. The MegaSwap integration will provide faster onboarding and easier access to cross-chain liquidity for Ethereum and Solana NFT users. This collaboration gives traders and creators on Hyperspace […]

[PRESS RELEASE – Please Read Disclaimer] The strategic cooperation is a significant step towards promoting the development of the Web3 realm. February 28, 2023 – Curve, a leading decentralized stablecoin exchange on Ethereum, today announces a strategic cooperation with leading self-custodial solution OKX Wallet. The collaboration includes OKX DEX, OKX Wallet’s built-in decentralized exchange, aggregating […]

Metaverse project Gamium’s native token GMM has surged by 340% to $0.0025 after it announcement collaboration deals with Meta and Telefonica.

[PRESS RELEASE – Please Read Disclaimer] The collaboration between the two platforms showcases the power of cross-chain and multi-chain opportunities in DeFi. February 27, 2023 – BiSwap, the first DEX platform with a Multi-type Referral Program and the DeFi platform with the lowest transaction fees, has announced its cooperation with OKX Wallet, a leading multi-platform, […]

[PRESS RELEASE – Please Read Disclaimer] The integration will support DeFi adoption and promote self-sovereignty on the Avalanche network February 24, 2023 – OKX, the world’s leading cryptocurrency exchange platform, has joined forces with Avalanche liquid staking solution Benqi in a collaboration that sees its native decentralized application discovery tool, OKX Discover, supporting Benqi, and […]

The optimism token (OP) has surged after Coinbase said that it is building its layer 2 blockchain on the OP Stack in collaboration with Optimism

German asset manager DZ Bank collaborated with Swiss technology firm Metaco to add digital asset management into its services.

The Chinese internet giant is launching new Web 3.0 solutions including a Metaverse-in-a-Box product and blockchain API services.

Called Project DAMA, the collaboration between Deutsche Bank and Memento Blockchain aims to address the challenges associated with launching and accessing digital asset funds.