Meta Commences Testing Tools for Metaverse Digital Asset Trading
Meta, formerly known as Facebook, has abandoned its once-grand stablecoin intentions, it is far from done with digital currencies, with its metaverse pivot pushing it to develop “tools” that will allow its users to sell “digital assets.” According to Reuters, the company is “beginning to test tools” that will allow an “initial” “hand-picked set of users” […]
IOST Foundation Commences $100M Fund for EVM Developers
The IOST Foundation is offering a $100 million incentive fund to attract Ethereum Virtual Machine (EVM) developers to its ecosystem. The $100 million will be split between two funds: the New Ecosystem Fund, which will be used to build IOST’s apps and mainnet infrastructure, and the Accelerator Fund, which will provide funding and incentive bonuses […]
Uniswap Labs Launches Investment Arm for Web3 Expansion
Uniswap Labs, the organization behind the decentralized finance (DeFi) system in an announcement has launched its venture capital arm for Web3 projects. The investment vertical of Uniswap Labs Ventures intends to invest in various phases of web3 projects. According to the group, it would examine all initiatives, from infrastructure to developer tools to consumer-facing applications. Uniswap […]
SEGA Reassures Support For NFTs
SEGA Corporation, a Japanese video game corporation, has reversed its critical attitude on non-fungible tokens (NFTs) and now has reassured its support as they believe they are an important part of gaming’s future. In an interview, Masayoshi Kikuchi, CEO of SEGA, believes that gaming will grow to encompass new areas such as cloud gaming and […]
ADGM Approves Binance To Operate In Abu Dhabi
The Abu Dhabi Global Market (ADGM) has given Binance, the world’s largest cryptocurrency exchange, in-principle approval to operate as a broker-dealer in virtual assets in the UAE capital. The cryptocurrency exchange Platform stated in a statement on Sunday that after completing its application procedure, it will be able to offer its services across the Middle East […]