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Worldwide Web3 Wonderland | Edition #32 – June 2023
Summary of news from 16th to 30th June 2023
Greetings, Web3 Explorers! 🎢
While you gear up for an awesome weekend, we've got just the right dose of excitement for you!
Welcome to our latest edition of the Worldwide Web3 Wonderland newsletter, where we unveil the latest trends and bleeding-edge innovations from - well, you guessed it right - the world of Web3.
Let's kick off the weekend with a splash of Web3 magic! 🪄 Subscribe now to witness it unfold right here!
Before we take you surfing on the Web3 waves, we have got just the appetizer for you:
Web3 experiments by Stripe! 🔗💳
Curious about what the payments powerhouse Stripe has been up to in the Web3 realm?
We've got you covered with an exclusive deep dive into their Web3 strategy.
Go ahead and unlock the secrets of Stripe's Web3 ventures in our exclusive “Stripe’s Economic Infrastructure Playbook” report!
We've handpicked the juiciest Web3 highlights from the past two weeks of June, just for you:
Animoca Brands joined Celo's blockchain ecosystem to advance Web3 gaming adoption with sustainability and social impact. Meanwhile, NASDEX and Rio Exchange teamed up, empowering NASDEX to provide licensed security products and services like tokenised securities, equities, options, etc.
In a dazzling collision of technology and imagination, WhatsApp unveiled an extraordinary feat: the seamless integration of their renowned messaging platform with Meta Quest VR devices. Users now have the power to traverse the boundary between reality and virtual realms, bringing their messaging experience to life in the captivating world of virtual reality. Meta also furthered its web3 agenda by introducing a subscription model for their Quest+ VR headset at $7.99/month or $59.99/year, offering two VR titles monthly and a special introductory offer.
In the business world, SAP reimagined the realm of cross-border payments by introducing a Digital Currency Hub, empowering users with the ability to engage in global transactions using stablecoins like USDC and EUROC issued by Circle. Sygnum and Ripple's Singapore subsidiary equally made waves in the world of regulated digital services - Sygnum expanded its operations in Singapore, now providing crypto brokerage services after receiving approval for its Major Payment Institution Licence application from the Monetary Authority of Singapore (MAS). Meanwhile, Ripple's Singapore subsidiary obtained In-Principle Approval for a Major Payments Institution License from MAS, allowing them to expand their regulated digital payments and on-demand liquidity services.
Summing up on a few exciting developments, Parfin, a leading Latin American provider of compliant Web3 infrastructure services, secured investment from Accenture Ventures. This partnership aims to fast-track institutional adoption of Web3 technology. Meanwhile, Xapo Bank set its sights on India and South Asia, bringing a host of crypto services to the region. Offering enticing features like USD offshore savings with a 4.1% interest rate and a Bitcoin wallet with a 1% interest rate on deposits.
And finally some good news from the U.S. Securities and Exchange Commission (SEC) for the US Crypto world - The SEC approved Volatility Shares’ 2x Bitcoin Strategy ETF (BITX), introducing the first leveraged Bitcoin futures ETF in the United States.
Web3 Word Of The Week: Ethereum Virtual Machine (EVM)
EVM (or the ‘Ethereum Virtual Machine’) is a software environment that executes smart contracts on the Ethereum blockchain. It is the backbone of the Ethereum network, responsible for executing all operations and transactions on the blockchain.
That's all for now!🤘
We hope you enjoyed this edition of the Worldwide Web3 Wonderland!
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