Web3.0

Hong Kong Legislative Council Seeks Global Input on Web3 and Virtual Assets Development

Saturday. June 22 at 6:00 PM

1 min. read

Hong Kong Legislative Council member Johnny NG Kit-Chong is gathering feedback from the global industry to propose policy recommendations and thematic discussions on the future of Web3 and virtual assets. The Council has established a subcommittee to promote Web3 and virtual asset development in Hong Kong, aiming to position the city as a global hub for Web3 innovation. They are focusing on creating a regulatory environment that supports technical and legal aspects of Web3, enhancing international cooperation, and attracting talent in Web3 technology. Additionally, the Council is looking into measures to facilitate the growth of the virtual asset industry, including investor protection, market confidence, and regulatory frameworks for stablecoins and custody services. Despite this, the number of crypto exchanges seeking licenses in Hong Kong is declining, with some withdrawing their applications.

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Hitachi Introduces Web3 Development Solution

Wednesday. October 30 at 8:00 AM

Hitachi, through its subsidiary Hitachi Solutions, has launched a Web3 development solution providing comprehensive support from training to platform commercialization. The solution includes classroom training on Web3 concepts, business consultation, use case study creation, and infrastructure development services. Notable offerings include software-as-a-service cloud computing and platform-as-a-service using Hyperledger Besu and Consensys GoQuorum. Hitachi Solutions has been active in the blockchain space since 2016, contributing to Hyperledger and partnering with Consensys. Despite its presence, it has yet to establish itself as a major player. In contrast, Sony made waves in the Web3 sector with its Soneium blockchain launch. Japan also boasts homegrown blockchain companies like Mitsubishi UFJ Financial Group and Soramitsu, which have been involved in stablecoin and central bank digital currency projects in Asia and the South Pacific.

Web3.0

Japan's Web3 Transformation by Monex Group

Wednesday. October 23 at 9:00 AM

Japan's government actively supports Web3 as a national policy, creating a conducive environment for Web3 businesses. Monex Group, in an exclusive interview with CryptoSlate, highlights Japan's tax reforms, legal positioning of DAOs, and support for Web3 events. Since 2017, Japan has mandated registration for cryptocurrency exchanges to ensure user safety. This regulatory clarity has led to innovations like stablecoin issuance. Large corporations like NTT Docomo and Square Enix are entering the Web3 space, signaling Japan's Web3 ecosystem's maturity. Monex Group, a financial holding company, offers various crypto-related services and has a Web3 consulting business. Their expertise includes NFT projects and community building. Monex's OASIS project, operating across multiple metaverses, has attracted a large community. The company's insights from OASIS are leveraged to support other organizations entering Japan's Web3 market. Monex Group actively participates in industry events, showcasing its expertise and services in the evolving Japanese Web3 market.

Web3.0

Integration of Polimec with Banxa for Web3 Fundraising

Saturday. October 19 at 10:00 AM

Polimec, a decentralized Web3 fundraising protocol on Polkadot, has partnered with Banxa, a fiat-to-crypto gateway, to enable users to invest in blockchain projects using credit cards. This integration simplifies the process of converting fiat currencies into tokens like USDT, USDC, and DOT for blockchain fundraises. By bridging traditional finance with decentralized finance, Polimec aims to provide seamless access to Web3 investment opportunities. The collaboration with Banxa reduces barriers to entry for both experienced and new investors, making the onboarding process more inclusive. Polimec is committed to enhancing user experience and accessibility, with plans to introduce additional features to streamline the investment process. With Banxa's integration, Polimec is moving closer to its goal of making multichain Web3 investments more accessible globally. The protocol's permissionless fundraising infrastructure ensures transparent and fair access for all investors.

Web3.0

Empowering Creators Through Web3 Entertainment

Friday. October 18 at 10:30 AM

Galaxis has partnered with HELLO Labs to sponsor the high-stakes crypto reality show 'Killer Whales,' aiming to empower creators through decentralized communities. The collaboration will showcase how creators can leverage Galaxis's Web3 infrastructure. The sponsorship includes promoting the Galaxis brand on the show and supporting projects aligned with empowering creators. 'Killer Whales' features Web3 entrepreneurs pitching their projects to industry experts to win an acceleration package. Galaxis, incubated by CoinMarketCap, offers unique community-oriented solutions in the Web3 space. The partnership with 'Killer Whales' aligns with the show's mission to support Web3 entrepreneurs. Galaxis provides infrastructure for creators to control their platforms and communities, ensuring long-term success. By collaborating with 'Killer Whales,' Galaxis aims to foster more collaborations and lead in decentralized community-building technologies.

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