US-based card payments giant Mastercard is forging ahead with choosing and onboarding promising blockchain startups to join its Web3-focussed Smart Path programme. In a fresh development, the company has onboarded five new startups to be part of this initiative. In the coming months, Mastercard will work with these up-and-coming firms…
ChainML, a Web3-enabled AI platform, has secured a notable investment, handing a boost to the Web3 funding environment. The Silicon Valley-based AI and ML development and research firm’s latest investment round, Led by Hack VC, fetched $6.2 million (roughly Rs. 51 crore). The platform aims to decentralise access to artificial…
The UAE, that is working on establishing itself as hotspot for Web3 activities, has decided to make Dubai one of the world’s top ten metaverse economies. This week, Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum, announced a roadmap for the growth of metaverse in Dubai. Called the ‘Dubai Metaverse…
The finance sector around the world, at this point, is exploring the blockchain technology that logs permanent transaction records and reduces the dependencies on centralised and easily hackable Web2 servers. Germany’s third largest state-owned bank, Kreditanstalt fuer Wiederaufbau (KfW) has decided to join the global list of lenders that are…
The senior leadership at Vodafone is looking to integrate the blockchain technology with its operations. The concept of crypto wallets has also grabbed the attention of the UK-headquartered telecom giant in recent times. David Palmer, the lead of Blockchain initiatives at Vodafone spoke about some company plans during a recent…
The metaverse market, that is expected to grow at an annual rate of 37.7 percent in the next six years, is estimated to reach the valuation of $74.4 billion (roughly Rs. 6,20,918 crore) by the end of 2024. Gearing up to withstand the force of advancements in Web3, IIT Madras…
The Web3 sector is witnessing a rapid expansion globally, as clusters of countries are collectively (as well as independently) setting guidelines and legal frameworks to regulate the sector. In a bid to explore ways to grow the Web3 ecosystem in Asia, Web3 support groups from India and Japan have decided…
Dubai, that has emerged as a hotspot for crypto activities, is taking a new approach to inject power and support into smaller Web3 players. VARA, the Web3 regulatory body of Dubai wishes to make the operational and compliance process for small players more cost effective. Figuring out a way to…
Samsung, the South Korean tech giant, has been taking small steps to engage with Web3 without directly exposing its massive user base to volatile digital assets. In a fresh development, Samsung has announced a partnership with metaverse game Wilder World. Through this partnership, Wilder World will provide NFT rewards to…
New Zealand’s ministry of commerce and consumer affairs have warned the country leaders against keeping a slow approach on cryptocurrencies. In a recent development, minister Andrew Bayly has asked the Australian government to finalise its stance on crypto before it’s too late. This is the time that the crypto sector…
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