Worldwide Web3 Wonderland | Edition #36 – Aug 2023
Worldwide Web3 Wonderland | Edition #36 – Aug 2023
Summary of news from 15th to 31st Aug 2023
Welcome, intrepid explorers of the digital frontier! ♾️
Crypto connoisseurs and NFT enthusiasts, brace yourselves for another thrilling journey into the fantastical realms of the Web3 Wonderland!
Step right up as we unlock the gates to a world where innovation knows no bounds, where blockchain dreams take flight, and where every byte of data holds the promise of a digital revolution. 🌌
Before we get lost in the digital wonderland, let's take a peek at what Stripe is cooking up in the electrifying web3 universe!
As a trailblazing force in the payment and fintech realm, Stripe's foray into the realms of crypto and Web3 is a resounding declaration of its dedication to remaining pioneers in the ever-evolving landscape of emerging innovations. By facilitating the integration of crypto exchanges, wallet solutions, and extending a helping hand to NFT marketplaces, Stripe is boldly spearheading the charge to propel the widespread embrace of Web3 technologies. 🔗
Curious to know how Stripe facilitates quick web3 project launches while fulfilling regulatory requirements and data security?
Purchase Stripe’s Economic Infrastructure Playbook to know the full insights!
Here are the #Top10 web3 headlines that will take you through the cosmic corridors of Web3 wonders:
The National Football League (NFL) and NFL Players Association teamed up with Mythical Games for a groundbreaking web3 blockchain game. In this licensed game, fans can become general managers, creating and owning their teams. It's a whole new way to experience football!
Huawei Cloud unveiled a host of blockchain services, including the Web 3.0 Node Engine Service (NES) and QingTian Enclave Confidential Computing, to enrich Hong Kong's web3 landscape. In parallel, Polygon Labs and SK Telecom solidified their strategic alliance, where Polygon (MATIC) will play a pivotal role in helping SKT establish and popularize its web3 ecosystem.
Taking a big bite into the NFT realm – McDonald's Singapore teamed up with NFT artist The Hidden Walls and crypto startup Bandwagon Labs to unveil a unique collection of Grimace-themed digital collectibles.
PayPal and Ledger introduced an on-ramp integration to offer consumers convenient cryptocurrency access, with PayPal joining Ledger Live's 'Buy' section as a new payment method for US users. Additionally, Solana Pay integrated with Shopify to empower businesses and consumers with easy access to decentralized payments on Solana. The collaboration unlocks web3-enabled commerce experiences such as token-gated offers and NFT-based loyalty programs.
Meanwhile, Komainu – the crypto custody venture backed by Nomura, Ledger, and CoinShares – received an operating license from Dubai's Virtual Asset Regulatory Authority (VARA). It can now offer its full range of comprehensive custody services, such as institutional staking and collateral management, through the Komainu Connect platform.
On the CBDC front, Mastercard is strengthening its involvement in the central bank digital currency (CBDC) discussion by launching a forum for collaboration. Ripple, Fireblocks, and ConsenSys are among the early participants. Similarly, Brazil's central bank selected 16 proposals, including those from Nubank, Microsoft, Visa, and SETL, for the pilot phase of its Drex CBDC project, with plans for a 2024 launch.
Lastly, Circle and MercadoPago teamed up to bring the USDC stablecoin to Chile, offering over two million users a secure dollar-backed choice for seamless digital transactions. The collaboration marks a significant stride for Latin America's digital finance, expanding access to advanced global financial solutions.
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.
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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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