Worldwide Web3 Wonderland | Edition #34 – July 2023
Summary of news from 15th to 31st July 2023
Greetings, Web3 Wizards and Crypto Adventurers! 🚀
Prepare to immerse yourself in yet another edition of the Worldwide Web3 Wonderland - a virtual carnival where the magic of blockchain, dazzling wonders of DeFi, and captivating allure of NFTs come together at play!
Before we dive head-first into the world of web3, we have a delightful surprise: our latest post on The Unbundling of Finance for SMEs: A Fintech Revolution!
In the fintech winter, SMEs are emerging as a big opportunity for fintechs. We explore how fintechs are reshaping finance by empowering SMEs with high-interest rates, instant credit lines, and so much more.
Come along on our journey through the web3 rabbit hole:
Worldcoin's decentralized biometric ID protocol has officially launched, allowing users to reserve their share of WLD tokens through the "Orb" biometric device. They partnered with Ramp for global token purchases using local currencies. However, the protocol is currently under investigation by the data protection regulators in France and the UK for its biometric data collection practices.
A mesmerizing blend of history and innovation made it to the headlines as The British Museum took its treasures to the metaverse! Partnering with The Sandbox, the museum plans to create a collection of NFTs to showcase its vast diversity of artifacts housed within its walls. Meanwhile, motorcycle enthusiasts rejoice as Ducati revs into the web3 world, set to release its first free NFT collectibles on the XRP Ledger.
Alchemy Pay seamlessly integrated Checkout.com’s Visa and Mastercard channels into its On and Off-ramp, enabling effortless transactions between fiat currency and cryptocurrency across the globe. Meanwhile, Milano Hub, the Innovation Centre of the Bank of Italy selected the "Institutional DeFi for Security Token Ecosystem Project" to explore possibilities in Institutional DeFi and security tokens. On the other hand, Deloitte and Chainalysis teamed up to help clients navigate the digital asset landscape and stay compliant, offering powerful analytics and forensic investigation tools.
Animoca Brands pumped $30M into Hong Kong’s hi, with the partnership expected to lead to deep integration between Animoca Brands’ ecosystem and hi’s innovative services that are driving Web3 mass adoption. Meanwhile, the Avalanche Foundation introduced Avalanche Vista, with a $50M allocation for tokenized assets on the Avalanche Blockchain. Their mission is to build an inclusive financial system by accelerating tokenization and embracing a variety of assets, from traditional to blockchain-native ones.
That's all for now!🤘
We hope you enjoyed this edition of the Worldwide Web3 Wonderland!
If you're hungry for more fintech insights, check out some of our other work at WhiteSight.
Our latest publications include –
If you're someone who likes to read think pieces, you will likely love our monthly blog, Fintersections, where our team members analyse the convergence of FinTech with the world.
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