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Singapore aims to support Web3 fintech solutions
The Monetary Authority of Singapore (MAS), the country’s central bank, has announced that it is committing up to 150 million Singapore dollars (around $112 million), to support various financial technology solutions like Web3. In an announcement, MAS highlighted that the funds will be spent in three years under its renewed Financial Sector Technology and Innovation (FSTI) scheme. According…
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Web3 gaming adoption is happening mostly in Asia
Culture is often inseparable from entertainment. Your affinity for the kind of books, music, film or art you consume has more to do with the language you speak, the values your family and friends espouse, and the economics of where you live than anything else. You could argue that those preferences are even stronger when it…
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Universities can nurture Web3 talent but need to understand how to cultivate it
Universities have a “critical” role to play in nurturing the next generation of Web3 talent, and academia must understand it to guide students toward the right vision, according to Czhang Lin, an IC board member of Web3 venture fund LBank Labs. On Aug. 2, the venture capital firm announced the winners of its Summer Bootcamp…
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Internet Identity will be a new way to verify one’s identity in Web3
Internet Identity is a Web3 service that allows users to create an “anchor” for their physical devices, allowing them to sign in to compatible services securely. Instead of using password protection, Internet Identity uses a chip on modern devices to automatically generate disposable passkeys that are protected with Chain Key cryptography. Think of it like a new,…
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Freelancers get more control through Web3 and the blockchain
Facilitating freelancer autonomy through decentralization As an added advantage, freelance workers have the opportunity to select the projects they take on and the clients they work with. This gives them the opportunity to choose work that aligns with their interests and values, allowing them to pick projects that are personally fulfilling. Exploring the benefits of…
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Disney is looking to make virtual experiences for customers in the long-term
Disney is set to offer Disney+ streaming content and interactive immersive 3D gameplay experiences through a virtual headset, with a virtual theme park remaining a ‘long-term possibility’, according to reports. A goal of former CEO Bob Chapek to present “next-generation storytelling” through the Metaverse, Bob Iger looks to have picked up the torch on this…
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China sees potential for the Metaverse in healthcare and other industries
Chinese startups and tech investors are notoriously trend-driven, and many jumped on the metaverse bandwagon after Meta’s supposed pivot, trying to launch homegrown versions or to integrate virtual or mixed reality elements into consumer products. But the Chinese government, which exerts an enormous influence over the country’s tech sector, was also quick to get in…
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The GCC region needs $8bn in capital investment for the Web3 climate infrastructure
The GCC region requires about $8 billion capital infusion to develop Web3 climate infrastructure such as climate asset certification, waste management marketplaces, and decentralized funds to attract innovators needed to develop the digital asset space on a war footing to tackle the fast-rising instances of climate change induced disasters, an industry expert said. Dubai, currently…
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Chalhoub Group to release first NFT collection “SOL3MATES OG NFTs”
SOL3MATES, Chalhoub Group’s web3-native sneaker brand, revealed its first NFT collection “SOL3MATES OG NFTs.” Only 10,000 NFTs will be available at 0.03 ETH ($55) on May 4 for a limited time only. Purchasers of the collection become members of the SOL3MATES community and receive exclusive membership benefits such as early access to future collections, preferred…
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Unitea, a new Web3 loyalty platform is hoping to change the music industry
One of the first engage-to-earn platforms leveraging blockchain technology is Unitea, a social media platform deepening connections between artists and their fans. It also gives brands access to engaging advertising opportunities by putting digital experiences in the hands of the fans who emotionally resonate the most with their favorite artists – think Tik Tok but with…
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Recent Post
- The trials of Sam Bankman-Fried have commenced
- AI can be used to detect the risk of developing multiple diseases
- How the healthcare sector can benefit from the Metaverse
- The sports industry can benefit from the emerging metaverse space
- Deutsche Bank aims to enter the metaverse and engage with customers virtually
