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Worldwide Web3 Wonderland | Edition #38 – Sept 2023
Summary of news from 16th to 28th Sept 2023
Hey, Digital Dreamers!
Are you ready to embark on a mind-bending journey through the Web3 Wonderland? Buckle up because you're about to dive headfirst into a world where pixels meet possibility, and innovation knows no bounds!
Curious about the latest mind-blowing Metaverse developments? Eager to unravel the mysteries of the crypto cosmos? Craving the juiciest tidbits from the world of decentralized finance? You're in the right place!
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Gear up, tech enthusiasts! We’ll blast off into the thrilling web3 galaxy in just a bit, but first, here’s some exciting news for Apple users in the UK!
The latest integration of the Apple Wallet app with the United Kingdom's Open Banking API allows users to effortlessly view their current account balances, transaction history, and more. This feature not only promotes financial awareness but also helps users make informed purchasing decisions when using Apple Pay. With supporting banks like Barclays, HSBC, and Monzo onboard, Apple is leveraging the open banking standard to provide a secure and seamless experience.
Meanwhile, if you're curious about Apple's broader financial endeavors, check out WhiteSight's comprehensive "Apple Embedded Finance Playbook." It offers valuable insights into the strategic positioning of Apple and how it aims to shape the future of financial services.
Make the most of your Apple Wallet, and dive into the playbook for a deeper understanding of Apple's embedded finance vision!
Step into the exhilarating world of web3 with our Top 10 headlines - all curated just for you!
PayPal rolled out its PYUSD stablecoin on Venmo, where Venmo users can now easily purchase and send PYUSD to other Venmo users and PayPal accounts. The move is unique because of its significant wallet interoperability, allowing those with compatible external wallets and merchants accepting PYUSD payments to receive transfers from Venmo users.
Standard Chartered's crypto subsidiary, Zodia Custody, joined forces with OpenEden to introduce "Zodia Custody Yield" - a service that tokenizes real-world assets such as treasury bills to enable investors to earn yield while leveraging blockchain advantages. This expansion aligns with growing institutional demand for secure and transparent digital asset products, especially for stablecoin holders.
In the NFT space, Animoca Brands Japan partnered with Honda Motor Co Ltd., Gryfyn, and GET Protocol to gift fans and participants membership non-fungible tokens (NFTs) and commemorative NFTs at the FORMULA 1™ Honda & Red Bull Welcome Event in Tokyo. At the same time, regulation has also ramped up, with France exploring a legal framework for web3 gambling and NFTs. The “SREN” bill, approved by the French senators, is specifically designed to define a new framework for web3 games, which are based on digital assets like NFTs that utilize web3’s decentralized nature to create new gaming experiences and digital economies.
Moreover, The Philippines Securities and Exchange Commission (SEC), in collaboration with the U.S. Securities and Exchange Commission (SEC) and the Asian Development Bank, conducted an IOSCO Investigation and Enforcement Training workshop in August in a bid to upskill its combined fraud and scam prevention toolkit when it came to crypto-related crimes. Speaking of crime, decentralized peer-to-peer network Mixin Network lost approximately $200M in a hack involving the compromise of the database of a third-party cloud service provider. An immediate suspension of all deposit and withdrawal services on Mixin Network followed the revelation, with SlowMist and Google being hired to help investigate the hack as the Mixin team attempts a recovery.
China's e-CNY app made headlines for allowing tourists to pre-charge their digital yuan wallets using Visa and Mastercard payment options. The move comes as China aims to make the digital yuan a ubiquitous payment method between retail users and merchants.
Matter Labs launched a new ecosystem portal for zkSync, managed by DappRadar, in what both partners are calling a step toward fully decentralizing the protocol. On the other hand, Uniswap introduced "Uniswap University" in collaboration with DoDAO, an educational platform designed to offer a well-structured learning path for onboarding users to its v3 exchange via courses, simulation and quick guides.
That's not all - Roblox acquired voice tech startup Speechly to enhance its voice chat-based interactions. Speechly will provide Roblox with AI moderation tools for real-time voice communication, helping it build the leading platform for 3D immersive communication and connection.
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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