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[PRESS RELEASE – MANILA, PHILIPPINES, July 17th, 2023] AAG, a Web3 infrastructure company, successfully held its maiden live event on June 21, further bolstering the Philippines’ immersion into the Web3 ecosystem. The event, a confluence of Web2 and Web3 aficionados, saw the participation of industry leaders like Lazada, GCash, and DITO CME, along with renowned […]

MANILA, PHILIPPINES, July 17th, 2023, ChainwireAAG, a Web3 infrastructure company, successfully held its maiden live event on June 21, further bolstering the Philippines' immersion into the Web3 ecosystem.The event, a confluence of Web2 and Web3 aficionados, saw the participation of industry leaders like Lazada, GCash, and DITO CME, along with renowned key opinion leaders (KOLs) and strategic partners.CEO and co-founder of AAG, Jack Vinijtrongjit, emphasized, "AAG's commitment to integrating the worlds of Web2 and Web3 is instrumental in shaping the future. We are thrilled to lead this transformation and collaborate with enterprises on this exciting journey."Key Highlights of the Event:The launch of AAG's MetaOne Affiliate Program was a significant milestone. This path-breaking program offers users of AAG’s seedless self-custody wallet an opportunity to earn lifetime fee shares up to 80%. Furthermore, the program boasts enticing rewards, including monthly iPhone giveaways and a chance to win a BMW car!The event was graced by around 50 prominent KOLs, with a cumulative follower base of over 6 million.Leading Web3 companies such as Lazada, GCash, and DITO CME were present, contributing their insights on the latest evolutions in the Web3 arena.Donald Lim, COO of DITO CME, joined Jack Vinijtrongjit in a panel discussion about the transformative potential of Web3 technology on established businesses. Vinijtrongjit said, "Businesses can leverage the innovative power of Web3 and blockchain technology to revolutionize customer relationship management. AAG, through its advanced tech stack, is enabling businesses to exploit Web3 capabilities and discover new avenues in their existing business models."The successful conclusion of AAG's event in Manila underlined the burgeoning potential of the Web3 world, not only in the Philippines but on a global scale.About AAGAAG is a web3 infrastructure company focused on providing software that helps simplify interactions with blockchain applications and the Metaverse for both mainstream users and traditional companies. AAG provides a secure and easy-to-use MetaOne® wallet, as well as infrastructure software, such as a cross-chain search engine and Saakuru blockchain for enterprise companies. With the belief that education is the key to unlock the potential of web3, AAG is also exploring the concept of Learn-and-Earn with the mission of enabling economic opportunities worldwide via the Metaverse economy. AAG aims to bring 1 billion people into the Metaverse economy by 2030.For more information about AAG, visit: AAG LinktreeContactCEOJack [email protected]

Flipkart, a leading figure in Indian digital commerce, has formed a key alliance with Polygon, one of the industry's key crypto firms building infrastructure around an ecosystem of Web3 products. The result of this collaboration is the conception of the Blockchain-eCommerce Centre of Excellence, a hub for research and development. The center's primary focus is to navigate the nascent landscape of Web3 and the metaverse, mapping out the next phase of digital commerce.The Indian digital commerce heavyweight is partnering with Polygon Labs and Hang, a leading next-generation loyalty platform, to introduce a specialized loyalty program named FireDrops 2.0. Aiming to reinvent the wheel of customer engagement and loyalty, FireDrops 2.0, powered by Hang's loyalty platform, will use underlying non-fungible token (NFT) technology to incentivize millions of Flipkart users through gamification. The application of Web3 and NFTs to brand loyalty programs is expected to revolutionize brand marketing, storytelling, and customer engagement. Polygon x Flipkart: Loyalty NFTs via FireDrops The use of NFTs in the program allows for easy ownership and redemption of rewards, thereby generating new revenue streams for brands and enabling customers to participate actively in the loyalty ecosystem. The FireDrops program also envisions a dynamic marketplace where users can buy and sell rewwards, bringing flexibility to loyalty programs and enhancing brand engagement. FireDrops 2.0 aims to offer an immersive experience to users, enticing them with surprises, games, and rewards related to their favorite brands. These interactions could allow users to earn benefits like membership passes, lifetime discounts, and more, fosterling deeper connections between users and brands. The partnerships underscores Flipkart's commitment to fostering innovation and expanding its tech offerings to transform the experience of online shopping for millions worldwide. As Flipkart steps into the Web3 arena, it is set to reshape the contours of commerce, consumption, and value generation in the digital world. Jeyandran Venugopal, the Chief Product and Technology Officer at Flipkart, expressed his enthusiasm about the partnership: “Innovation is one of the main pillars for Flipkart and we have consistently worked towards technology solutions to scale new frontiers and introduce new products and services,” Venugopal shares. Previously, Flipkart made its maiden voyage into the metaverse through eDAO, a project nurtured by Polygon. The venture, known as "Flipverse," has played a crucial role in redefining the dynamic between brands and consumers. It promotes novel, interactive experiences via non-fungible tokens (NFTs). Additionally, Flipkart's FireDrops—an accessible platform for NFTs—cultivates a space where creators, brands, and consumers can delve into the multi-dimensional value of NFTs. Prominent brands such as Adidas, Adobe, Robinhood, and Stripe have already chosen Polygon as their entry point to Web3. Flipkart's decision to align with this flourishing ecosystem underscores its forward-thinking approach to harnessing the potential of blockchain. Polygon's recent developments, notably the zkEVM scaling solution, will be pivotal in accommodating the global influx of users in Web3's next chapter. Sandeep Nailwal, Polygon's co-founder, praised the partnership when it first began sometime in late 2022, sharing that Polygon: "serves as the bridge to Web3 for the world's biggest corporations. Our goal is to shepherd the next billion users into Web3, so our partnership with Flipkart to create the Blockchain-eCommerce Centre of Excellence is an exciting prospect." Nailwal adds that Polygon recognizes the sheer amount of blockchain talent to be found in the country, and that such a resource forms opportunities for the partnership to stimulate R&D, and further "solidify India's stature as a Web3 titan." Polygon's Current Regulatory Predicament Polygon recently launched its Version 2.0 amid the troubles that it's currently facing with SEC's claim of $MATIC being a security. The crypto firm is currently expanding its efforts at privacy, and has since launched a zero-knowledge identity infrastructure program for Web3 with PolygonID. In response to the SEC's allegations, trading platform Robinhood took the step of delisting Solana, Cardano, and Polygon, effective from June 27. However, it reassured its users that the removal would be restricted to SOL, ADA, and MATIC, and no other coins on the platform would be affected. Solana (SOL), Cardano (ADA), Cosmos Hub (ATOM), Filecoin (FIL), Decentraland (MANA), Algorand (ALGO), The Sandbox (SAND), Coti (COTI), and Axie Infinity (AXS) were the other tokens implicated, as regulatory scrutiny also hit major exchanges such as Binance and Coinbase. 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.

Crypto spot and derivatives exchange Bybit has reinforced its Middle Eastern credentials by inking a memorandum of understanding with the American University of Sharjah (AUS). The agreement with the United Arab Emirates seat of learning will support a scholarship in which Bybit is to contribute AED 1 million (US$272,000). The AUS collaboration with Bybit is the first of its kind and a further demonstration to the world that the United Arab Emirates is open for crypto business. The scholarship fund provided by Bybit will support the education of 20 students at the university as they carve out careers in fintech and blockchain. Bybit Digs Deep to Further Crypto Education The agreement enacted between Bybit and the AUS will enable blockchain students to rapidly get up and running; there are plans for the first scholarship grants to be disbursed this fall when the academic year starts. Computer science and computer engineering students who apply and are deemed eligible will have their tuition fees paid by the Bybit Scholarship. In addition to the AED 1 million scholarship fund, Bybit has pledged an additional AED 100,000 to sponsor a hackathon at the American University of Sharjah. This will be open to the local blockchain community, providing a testbed for innovative ideas to flourish and giving developers a chance to demonstrate not only their coding skills, but all their out-the-box thinking. Hackathons have proven a successful means of incubating crypto startups and giving developers a leg up on their blockchain journey. Over the years, numerous successful DeFi projects have been spun out of hackathons, where the best ideas can sometimes receive additional funding to turn a proof of concept into a working prototype. The maiden AUS-Bybit Inter-College Hackathon will take place at the AUS College of Engineering during the 2023-2024 academic year. “Younger generations hold the key in driving the blockchain revolution forward,” said Bybit CEO Ben Zhou. “We are pleased to create the Bybit Scholarship at AUS to help their talented students future-proof their knowledge and skills. We thank AUS for the opportunities to raise crypto awareness and share first-hand knowledge of the industry with students from one of the most prestigious universities in the region. I look forward to being inspired by the future engineers, blockchain scientists, and Web3 startup founders.” Crypto’s Big Hitters Eye the Middle East Bybit’s decision to support the initiative in the UAE arrives at a time when investment is pouring into the Middle East from a number of crypto exchanges intent on establishing a regional presence. While some have been attracted by the massive demand for digital assets across the region, others have been swayed by the hostile regulatory landscape elsewhere, particularly in the US. In April, Bybit opened its new headquarters in Dubai, the Middle Eastern stronghold for an increasing number of crypto companies. The city’s business-friendly credentials, world-class amenities, and excellent travel links have made it a favorite with crypto firms seeking a stable base of operations. The new Bybit HQ occupies an entire floor of One Central in the prestigious Dubai World Trade Center. 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.