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Web3 Weekly Wonderland | Edition #16 – Nov 2022
We’re back with the newest edition of the Web3 Weekly Wonderland. Hop on to the Web3 rollercoaster 🎢 for a thrill-filled adventure! Shorter and sweeter, but equally enthralling.
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The week's Top 10 news from the decentralised world ―
It's been a big week for ‘wallets’ as J.P. Morgan registered a trademark for a digital wallet and related cryptocurrency processing services, and CoinDCX launched a new mobile wallet for peer-to-peer crypto token trading called ‘Okto’.
Things are ‘On’ in the Web3 world - DeFi protocol Onomy raised a whopping $10M for the development of its new protocol. And, DBS completed a trade financing deal on Onyx, the blockchain-based trading network of JPMorgan Chase.
While we saw Starling Bank banning crypto transactions in an effort to continue its crackdown on financial crime, on the other hand, The World Economic Forum invited the developer of the meme coin, Shiba Inu, to work on the Metaverse Global Policy.
Bringing the concept of decentralisation into the mainstream - Next Earth launched Metaverse Land Gift Card, enabling any person or business to easily enter the metaverse and become a landowner. And, the New South Wales government is all set to pilot with Digital ID, which will empower customers to have more control of their personal information while enabling convenient and secure proof-of-identity transactions online with both government and business.
It’s all about working together to strengthen the ecosystem - Celo partnered with ConsenSys to allow Celo to integrate with ConsenSys’ Infura infrastructure. And, ApeCoin DAO launched a community-driven NFT Marketplace offering features built especially for the Bored Ape Yacht Club and Otherside communities.
Web3 Word Of The Week
POAP: POAP is an acronym for Proof of Attendance Protocol. These NFT badges are issued as proof of attendance, whether the event took place virtually or in person. POAP NFTs are primarily used to document your life experiences. Consider them a form of digital keepsakes. This is a great way to look back fondly on things you've done and events you have been a part of. POAPs are minted through smart contracts as non-fungible tokens (NFTs) on the Ethereum blockchain.
Don't forget to check out this Web3 delight 🍩 over the weekend for a peek into the Web3 realm!
That's all for now!🤘
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