Mocean

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[Mocean @moceanofficial]

The UAE free zone has teamed up with HBAR Foundation, in order to support and fund Web3 startups.

RAK DAO is a part of the UAE’s efforts to support crypto businesses by offering a free-trade zone in the country that’s dedicated to Web3.

[Mocean @moceanofficial]

The executive of ConcenSys has stated that they think Account Abstraction will drive a billion users from Asia into Web3.

These will be smart accounts that allow for bank-like features and language support for specific regions.

[Mocean @moceanofficial]

Banxa has partnered with Dynamic.

Dynamic will be developing its web3-first authentication/authorization platform which assists with wallet-based interactions.

To make this accessible, Banxa is providing its fiat-to-crypto capabilities.

[Mocean @moceanofficial]

South Africa are familiar and positive surrounding Web3.

40% of surveyed South Africans said they know about Web3 and a further 80% believe the technology backing cryptocurrencies can transform the financial system.

Although they said the main barriers of entry is volatility.

[Mocean @moceanofficial]

Hong Kong have now established a 'task force' to advance with Web3 development.

They will be advising on Sustainable and Responsible development of Web3 in the area, and supervise the progress of it.

This is comprised of 11 government officials and 15 industry participants.

[Mocean @moceanofficial]

Golteum is a new solution that is looking to connect the blockchain with actual physical assets investments in the real world.

For example, this will allow people to trade tokenized materials such as gold or silver.

The platform uses Chainlink's PoR to monitor the reserves.

[Mocean @moceanofficial]

Recent developments show that the UK as a country is positioning itself to be at the front of a new wave of technological transformation towards Web3.

They have strong leadership on digital assets and trying to map crypto assets onto the existing finances services regulation.

[Mocean @moceanofficial]

Maple Finance have expanded to direct lending, targeting Web3 firms.

They aspire to fill the gap in Crypto Lending. Such as by offering over-collateralized loans. The lending desk will give loans in stablecoins and accept BTC/ETH as collateral.

[Mocean @moceanofficial]

Sony Network invests in Japanese Web3 start-up 'Startale Labs'.

There was a $3.5m investment involved which sparks to build a foundation for the widespread adoption of Web3.

[Mocean @moceanofficial]

NEAR Foundation and Alibaba Cloud have joined forces in order to help and encourage Web3 development in Asia.

This will enable developers to create project on the NEAR protocol and Alibaba Cloud will offer multi-chain indexing to offer a data-query application interface to devs.

[Mocean @moceanofficial]

KaJ Labs (a non-profit blockchain and AI research firm) has released its $1b Web3 + AI Grant program.

This will support developers building for LITHO and JOT, which will ultimately help progress innovation and collaboration, and development of the technologies involved.

[Mocean @moceanofficial]

Mastercard has further expanded its 'Engage' program to help bring cryptocurrency card programs to the market by allowing crypto firms to access their global network.

It also can create crypto-to-fiat conversion capabilities.

[Mocean @moceanofficial]

Cryptocurrency has increased lots in the past week.

Ethereum alone has gone from $1,635 - $1,905 (+16%).

The reason of this is that the Federal Reserve (US) kept rates steady in the FOMC meeting, which has pushed the dollar up and made investors invest in higher risk assets.

[Mocean @moceanofficial]

Within the past year, over 150 Web3 firms have started operations within Hong Kong's Cyperport - which is a digital hub setup by their Government to promote innovation.

The influx came after the Government invested $7m+ to help the Cyberport speed up the development of Web3.

[Mocean @moceanofficial]

AI-driven Tokenomics may be the future of Web3 economy.

It entails of enchancing the traditional concept of tokenomics by incorporating AI and Machine Learning, using algorithms to determine token distribution, pricing and predict future market trends.

[Mocean @moceanofficial]

A few days a ago, the Crypto Lender Delio (based in South Korea) have suspended withdrawals, in an effort to "protect remaining customers' assets".

This is due to the volatility in the crypto market as of recent times.

[Mocean @moceanofficial]

MoonPay and Flowcode create an alliance in order to accelerate Web3 adoption in everyday brands.

Through Flowcode's connection platform, partners of them will now be able to connect physical experiences to MoonPay's Web3 infrastructure, enabling seamless activations.

[Mocean @moceanofficial]

Guy Fieri and Sammy Hagar have teamed up to launch a Web3 Tequila Loyalty Program.

The Santo Spirits Club NFT program will reward members with tiered perks, including an opportunity to win a virtual tequila tasting session with them both. Another prize is autographed guitars.

[Mocean @moceanofficial]

Alchemy (a large blockchain developer platform) have released AI-powered tools for web3 builders.

They will launch a chatbot and a ChatGPT plugin to allow developers to access data faster and progress quicker with product development.

> ChatWeb3
> Alchemy ChatGPT Plugin

[Mocean @moceanofficial]

Puma have launched their own 3D Web3 Experience 'Black station'.

Holders of the RB token can burn it from June 13-20th on Black Station, granting their wallet access to various product drops in the metaverse.

It will have more events and NFT drops later this year.