Tag: Blockchain

dmcc-awarded-global-free-zone-of-the-year-for-eighth-consecutive-year

DMCC AWARDED GLOBAL FREE ZONE OF THE YEAR FOR EIGHTH CONSECUTIVE YEAR

October 3, 2022 Published by

 

DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has been named Global Free Zone of the Year 2022 by the Financial Times’ fDi Magazine for the eighth consecutive year.

The award, among the most prestigious of accolades a free zone can earn, is decided by the Financial Times Specialist editorial team and a panel of independent judges against a comprehensive set of criteria and a review of the free zones’ ecosystems. The methodology focuses on metrics that demonstrate core growth of the free zones, both in terms of the increase in small and large tenants, and how effectively each free zone provides ecosystems and related initiatives that support growth, business and marketing strategy, infrastructure improvements, COVID-response and promotion of sustainability.

Reflecting the leading business district and trade hub that DMCC has created for businesses of all sizes, as well as its central focus on sustainability and social impact, DMCC also received:

  • Large Tenant Free Zone of the Year – Global
  • Large Tenant Free Zone of the year – Middle East
  • Middle East Free Zone of the Year
  • SME Free Zone of the Year – Middle East
  • Excellence Award for ESG Practices – Global
  • Excellence Award for Infrastructure Development – Global

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said:

“Since DMCC was established in 2002, we have had two core goals – create a global gateway for trade, and comprehensively enhance the ease of doing business for our member companies. This simple yet critical strategy has underpinned our exceptional growth and is why our business district is now home to over 21,000 global businesses of all sizes and sectors. As we continue to accelerate our growth and break performance records across all our business verticals, I’d like to thank Financial Times’ fDI Magazine for once again recognising DMCC’s achievements on the global stage.”

Record-breaking performance

2021 saw DMCC achieve its best performance since its inception, attracting 2,485 new businesses from markets including China, India, the UK and the US. This momentum was carried into 2022 with DMCC seeing the best H1 on record, attracting 1,469 companies to bring the district’s total to 21,000.

Driving these record-breaking figures are two key elements of DMCC’s strategy: increasing the ease of doing business for companies in the business district, allowing them to trade efficiently and with confidence, and providing the right infrastructure and services that make Dubai a global gateway for trade.

A world-class community

DMCC was also recognised for making a broad range of upgrades and enhancements across its business district, Jumeirah Lakes Towers (JLT), to further the community’s standing as a world-class destination to live, work, and visit. This included a project that will see all car park sunshades replaced with solar panel shades, resulting in a saving of 7,612 MWh energy each year. DMCC also launched a range of new sports and wellness facilities, alongside landscaping and façade enhancements across the district. Over 60,000 people work in JLT, the 87-tower business district.

DMCC also made significant progress in the delivery of its new flagship development, Uptown Dubai District. Construction is almost complete at the district’s first super tall tower, Uptown Tower. Demonstrating the significant investor confidence in both Dubai and DMCC, Uptown Tower’s 22 floors of office space have been 100% pre-leased ahead of the tower’s construction completion.

Enabling global commodities trade

DMCC has continued to enhance Dubai’s status as a leading hub for global commodities trade.

At the start of the year, DMCC convened the entire diamond industry for the Dubai Diamond Conference, at which Ahmed Bin Sulayem announced that the UAE is now the world’s largest rough diamond trading hub. DMCC also recently announced that in H1 2022, the UAE traded a total of USD 19.8 billion worth of rough and polished diamonds, representing a year-on-year increase of 25%. Crucially, the UAE’s polished diamond segment saw a record 52.5% growth over H1 2021, showing that Dubai is well on its way to becoming the largest diamond trade hub for rough and polished combined.

Meanwhile, the Tradeflow platform, DMCC’s electronic commodities registry, reached AED 746 billion in transactions for H1 2022 – Tradeflow’s highest ever six-month volumes.

The DMCC Tea Centre and DMCC Coffee Centre also saw strong results with a combined 30,539 metric tonnes of tea and coffee output in H1 2022. The tea and coffee industries are increasingly turning to DMCC because of its world-class facilities, which include superior logistical and processing support for all stages of the value chain, cutting out intermediaries to deliver increased value for farmers, producers, and consumers alike.

The global focal point for cryptographic technologies

As a comprehensive ecosystem for the development and operation of blockchain and other cryptographic technologies, the DMCC Crypto Centre has seen significant interest since its launch in mid-2021. This growth has continued into 2022, with 14% of new company registrations in H1 relating to crypto activities. The Crypto Centre is now home to 450 crypto businesses, representing the largest crypto ecosystem in the region.

The Crypto Centre offers a home to all types and sizes of crypto businesses, from companies developing blockchain-enabled platforms, NFTs and Metaverse environments, through to firms trading crypto assets.

securegive-partners-with-engiven-to-offer-cryptocurrency-giving-solution-to-its-2,000+-church-and-ministry-customers

SecureGive Partners With Engiven to Offer Cryptocurrency Giving Solution to Its 2,000+ Church and Ministry Customers

October 3, 2022 Published by

 

On Monday, October 3, 2022, Engiven, a leading cryptocurrency donation technologies company, announced that SecureGive, a leader in church donation management applications, has selected the Engiven cryptocurrency donation platform to provide a fully-integrated crypto giving solution for their ministry customers.

“SecureGive has been a pioneer in church giving technologies from the beginning,” said James Lawrence, Co-Founder and CEO of Engiven. “We’re so excited to partner with them to provide their customers with a fully integrated enterprise giving solution to easily receive and exchange crypto donations via the SecureGive platform.”

SecureGive is leveraging Engiven’s application programming interface (API) to integrate cryptocurrency donations with their existing giving methods, making it available to their base of more than 2,000 churches and ministries. Through the integration, SecureGive customers can quickly and safely add cryptocurrency donations to their existing SecureGive giving pages, which provides their donors with the ability to give more than 95 different cryptocurrencies.

According to Patty Baker, SecureGive’s President, “Since our founding in 2004, SecureGive has been on a mission to provide cutting edge giving solutions to churches and ministries. Through our partnership with Engiven, we’re excited to offer our customers the opportunity to be on the cutting edge of this new and exciting asset class, which we believe will help them experience growth in their overall giving.”

When integrated into existing giving platforms and church management applications, Engiven’s API framework provides an elegantly seamless and highly secure crypto giving experience for both nonprofits and their donors. Engiven’s proprietary technologies provide a fully automated and highly secure transaction environment where crypto donations are verified on the blockchain, exchanged for USD, and deposited into the nonprofit’s account while providing real-time reporting and donation receipts to create a smooth, end-to-end solution for giving platforms.

next-generation-announces-partnership-with-concordium

Next Generation announces partnership with Concordium

October 3, 2022 Published by

 

Next Gen is announcing a partnership with Concordium to deliver world-class IT service and reshape education for students, educators, institutions and businesses.

Next Gen will open up a decentralized platform for anyone who wants to enter the right job market, for businesses who want competent employees, and for educational institutions or educators who want to teach relevant, updated and meaningful curriculums. Next Gen’s platform will be for all individuals to turn their passion and dreams into meaningful qualifications and successful lives.

Through DAO-based educational grants, Next Generation will provide access to global qualifications and work to address the needs of neurodivergent students. By easing concerns such as lack of access, availability, and inclusion, Next Generation aims to close the gap between the kind of education students receive and those they, their communities and economies need. Education is a global necessity, in particular due to technology changing the job market, at an exponential rate. The jobs of tomorrow are not taught at the education of today. Next Gen will provide a symbiotic ecosystem that empowers all parties to reach their potential in the world of work.

Using Concordium’s unique blockchain technology, which balances privacy with accountability, will ensure that everyone in the world can use Next Generation as an open decentralized infrastructure. This includes SSO solutions, with an ID layer at the protocol level, validated by a third party, which allows people and companies to trust one another while remaining private with zero-knowledge proof.

The partnership with Concordium will allow Next Generation to ensure privacy, security, ease-of-use, and compliance for its partners and users, while coordinating with global educational institutions to implement a curriculum and qualifications framework for lifelong learning.

Lars Seier Christiensen, from Concordium, says: “In my view, the number one focus area to improve the world is education. The second most important is for young people to deploy their education through a meaningful job, where they can gain an income, experience and network to continuously improve their life. So I am delighted for Concordium to partner up with Next Gen, which has exactly these two focus areas. There is a big lack of inclusion when it comes to education globally, and together we can improve this in a safe and trustworthy environment. For me, this is what blockchain is all about, improving life conditions and including more people in the economy in meaningful ways.”

And Michael Lundorff-Hansen from Next Gen echoes him, saying: “We are very happy to announce our partnership with Concordium and look forward to utilizing the Concordium ID Layer to protect students, educators and businesses against abuse of their data, in the fight for privacy. Concordium is focused on delivering decentralization and security within their blockchain, while achieving regulatory compliance. We believe in the Concordium values and see them as an ideal partner for this journey.”

revolut-launches-an-in-app-educational-module-in-singapore-to-advance-financial-literacy

Revolut launches an in-app educational module in Singapore to advance financial literacy

October 3, 2022 Published by

 

Revolut, the global financial super app with more than 20 million customers worldwide, is taking another step forward towards its mission of bringing customers the best financial products and services to manage their money.

Revolut’s new ‘Learn’ feature provides education courses and warnings in language that is clear, concise and easily understandable. The feature is aimed at enhancing customer protection by better informing them about the specific risks, nature and characteristics of cryptocurrency. For example, by highlighting the potential for significant changes in prices within a short period of time, Revolut wants to spread the message to customers that investing in cryptocurrency is not suitable for everyone. The courses are available to Revolut customers, who can receive a nominal reward by taking these short and simple courses and passing a quiz.

‘Crypto Basics’ is the first of two courses and helps educate customers on what cryptocurrencies are compared to fiat money; the meaning of a  ‘decentralised system’; cryptography; the mechanics of the blockchain technology; and the risks associated with crypto investments.

The second course is based on the multichain network Polkadot, and how it unites blockchains into Web3 – the decentralised internet. The course will use visual materials including interactive cards and videos to share Polkadot’s use cases, Polkadot’s governance system, and the Polkadot ‘Relay Chain’, the central chain used by the Polkadot network that allows specialised and public blockchain to connect in a unified network.

Emil Urmanshin, Crypto General Manager at Revolut, said: “There’s a huge appetite from our customers to learn more about cryptocurrencies. ‘Learn’ will help them better understand the trends, risks and potential opportunities associated with Crypto.”

Raymond Ng, CEO of Revolut Singapore, said: “This feature reaffirms our commitment to educate our customers on the risks and potential of cryptocurrency and blockchain technology so they can make informed decisions of their involvement in this space.”

Revolut plans to add more courses to ‘Learn’ this year to enable more people to take better control of their finances and give them access to new tools and services. Revolut believes that this new feature will help to reinforce consumer advisories from regulators about the significant risks of cryptocurrency and the need for consumers to act with extreme caution when investing in such risky digital assets.

Revolut is committed to building awareness and trust with its customers through education that is aimed at improving their understanding of its products and services, particularly in risky assets such as cryptocurrency. In addition to regularly communicating the extreme price volatility risks to customers, Revolut also reminds its customers to consider their personal circumstances and review multiple independent sources before investing in cryptocurrency. Through ‘Learn’, Revolut hopes to empower its customers to take actions that contribute to their short  term and enduring financial well-being and resilience.

haste-arcade-launches-new-monster-bombs-game

Haste Arcade launches new Monster Bombs game

September 26, 2022 Published by
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The Haste Arcade has released its newest game – Monster Bombs, a space-themed baseball game built on the BSV Blockchain.

It features the world’s first physical and digital copy NFT items that can be equipped within the game, along with Haste’s patent-pending Instant Leaderboard Payout™ technology.

The game’s main character, Tank, is trapped on the planet Avachrome, and must compete in the planet’s home run derby to get off the dreaded planet. Players must hit a variety of pitches, while avoiding the bombs that occasionally get thrown at Tank. Points are accumulated by not swinging at the bombs, hitting singles, doubles, triples, home runs, and “Monster Bombs” (supercharged home runs). The more points a player gets, the higher up the leaderboard their score is.

One of the most exciting aspects of the release is the game collectibles. Prior to the release, Haste sold 20 Limited Edition Haste Jerseys, 10 Limited Edition “Tank” shoes, and 125 Limited Edition Haste hats. Each item came with a digital copy NFT, that allowed the owner to equip the NFT onto Tank within the game. The items were sold on the Take It NFT auction platform.

Along with the collectibles, the game also features Instant Leaderboard Payouts™, which give gamers a new way to play and earn from casual games. For example, players can play Monster Bombs for free, but if they want the chance to earn, they can also play at different paid levels ranging from $0.01 all the way up to $100 per game. If the player makes a level’s leaderboard, they earn a percentage of each subsequent gameplay. The payouts are instantly deposited to their Bitcoin SV wallet in the form of a micropayment, and the player will continue earning until their score is no longer on the leaderboard.

Joe De Pinto, co-founder of Haste, said: “We are extremely excited with the release of Monster Bombs. The gameplay is impressive for a casual home run derby, and the ILPs add an extra level of excitement for the players. We really think it is the most unique home run derby game on the internet.”

De Pinto continued: “The game also serves as a demonstration of what blockchain technology and Haste can do for professional sports franchises. To our knowledge, there has never been a physical item a fan could purchase, receive a digital copy NFT of that item, and then actually use the NFT within a video game.

“Imagine every shirt, jersey, and hat at the New York Yankees team store coming with an NFT that a fan can go home and equip on their player in MLB The Show. You will be wearing your real jersey that you just bought and playing with it in the video game at the same time! This concept is going to be a massive way to drive fan engagement outside of the ballpark.”

definity-markets-partners-with-digital-asset-cold-storage-provider-custodiex-and-infrastructure-provider-crculus-to-create-an-expansive-institutional-digital-asset-execution-ecosystem.

DeFinity Markets partners with digital asset cold storage provider Custodiex and infrastructure provider Crculus to create an expansive institutional digital asset execution ecosystem.

September 23, 2022 Published by

 

DeFinity Markets (powered by DMALINK), the institutional digital asset ECN has taken the first step towards creating the most expansive custody agnostic institutional digital asset ecosystem by integrating Custodiex into its tech stack.

Kam Patel, interim CEO and COO at Custodiex, says: “Custodiex is one of the most technologically advanced cold storage digital asset vault solutions in the world and we are delighted to be working with the DeFinity team who have been pushing the envelope of radical innovation within the digital asset sector for several years.”

Custodiex provides high security cold storage, with unlimited scalability, and support real-time digital asset management technologies for Financial Institutions. With hardware housed in multiple bunkers at undisclosed locations and with key ceremonies and processes designed to guard against even the most aggressive physical and cyber-attacks.

Manu Choudhary, co-founder of DeFinity, added: “Our ambition has always been to work collaboratively with innovative technology companies to expedite the evolution of the broader market and this partnership with Custodiex and Crculus certainly helps to achieve that. I have always been a huge fan performance enhancing technology and we believe that collectively we will be setting new standards within electronic trading for digital assets.”

Crculus was created to address the structural imperfections of the institutional digital asset custody market and uses cutting edge technology to create accessible, scalable and harmonious digital asset ecosystems. The Crculus Tech Stack sits in between the application and operating layer and is a key piece of middleware infrastructure to enable interoperability between multiple custodians.

Thomas Soede co-founder of Crculus, added: “One of the greatest issues with the Digital Asset market today, is that whilst transactions are executed and cleared in minutes the lack of Institutional infrastructure and interoperability prohibit full Financial Institution adoption. We believe our enterprise grade solution fulfils financial, regulatory, and operational requirements for institutions looking to enter the market.”

Michael Siwek, DeFinity co-founder, added: “Custodiex provide the distribution capabilities and durability of the cloud, combined with cold storage within physical bunkers, which we believe will add a phenomenal edge to our execution venue participants from a security and accessibility perspective.”

300+-million-opera-users-to-gain-access-to-the-eco-friendly-and-fast-transactions-of-the-elrond-blockchain

300+ Million Opera Users To Gain Access To The Eco-Friendly And Fast Transactions Of The Elrond Blockchain

September 23, 2022 Published by

 

Opera today announced plans to integrate access to Elrond’s blockchain, EGLD, and a growing ecosystem of tokens and dApps for users of its popular web & mobile browsers through the integrated Opera Wallet.

In January 2022, Opera launched the first Web3-focused Opera Crypto browser, with Web3 compatibility and enhanced privacy and security features for safer browsing. The partnership strengthens Elrond’s commitment to enhancing blockchain’s usability and adoption.

Elrond’s ethos of upending the status quo and ambition to create a more efficient, inclusive, and transparent financial system will be a powerful force for change in the global economy. Alongside substantial advancements to existing chains, Elrond can process 15,000 transactions per second at negligible costs and is Europe’s first carbon-negative blockchain.

“The synergy between Elrond and Opera is truly unique. As our technology brings radical improvements in performance and user experience, critical for the next wave of mass adoption, we are a natural fit for Opera’s efforts to support the proliferation of blockchain-based technologies. We are excited to work together to usher in a new chapter of autonomous banking, where financial services are open to anyone, work near-instantly, and are inexpensive.” Beniamin Mincu, Elrond Network CEO.

Opera’s integrated non-custodial wallet puts it in a unique position to accelerate mainstream blockchain adoption. It’s an exciting growth opportunity for Elrond and its ecosystem as it opens the door for expansion of its user base.

“The seamless integration of Elrond further expands the wide array of crypto-centric services available to Opera Crypto Browser users. Such interoperability is increasingly important for any project aiming to embrace Web3, and we are excited to have another blockchain partner join us on our mission to accelerate the evolution of the internet,” said Susie Batt, Crypto Ecosystem Lead at Opera.

The integration of Elrond technology and tokens also showcases the impressive ecosystem of ESDTs and dApps built around the blockchain. Opera users can access native EGLD tokens and ESDTs from Holoride, Itheum, Utrust, and Maiar DEX, making it a perfect introduction to Web3. Having the entire Elrond ecosystem at their fingertips allows users to participate without a third-party wallet.

Easy access to blockchain products is vital for expansion, and both companies are showing their intent to aid this growth. Connecting one of the most active and innovative ecosystems with a globally trusted browser is an exciting step towards mass adoption and a move that will undoubtedly bring down the barrier to entry for users worldwide.

right-pedal-lendos-secures-$3-million-pre-seed-funding-from-liberty-city-ventures

Right Pedal LendOS Secures $3 Million Pre-seed Funding from Liberty City Ventures

September 22, 2022 Published by

 

Lending Market Technologies dba Right Pedal LendOS (RPL), a new fintech founded by a team of recognized lending professionals, has secured $3 million in seed funding in a round led by Liberty City Ventures with participation from  a select group of industry leading firms.

The capital will be used to rapidly build an end-to-end lending solution and a world-class managed service for the needs of the largest financial institutions. The $5 trillion global loan market is rapidly expanding and the emergence of new players in private-credit and direct lending are straining an already limited set of aged technology solutions. Maintaining this growth requires modern platforms that can support the industry as it continues to expand.

RPL’s solution is a lending platform that will offer best-in-class Agency, Servicing and Trading solutions through the use of cutting-edge digital technologies. The founding team includes deeply experienced industry veterans John Olesky, Josh Herrera, Steve Shyn and Emil Woods.

Emil Woods, founding partner at Liberty City Ventures and said: “Through our experiences as in-depth financial services investors, dating back to before the US housing crisis, we have always understood the need for a more sophisticated infrastructure layer in the global lending market.  Our belief is the time is right to revolutionize this stale and capital-intensive industry with the application of an innovative technology platform and we are incredibly excited to support the RPL team in this important journey.

“We are at pivotal point in the history of the lending market and we are poised to make impactful change by leveraging new technologies to modernize the industry” said John Olesky, CEO of RPL. “Liberty City Ventures have helped build some of the most successful blockchain companies in the world and their experience will be invaluable in creating the ‘infrastructure of tomorrow’ for the lending industry”.

The team from RPL will be attending the annual LSTA conference this week in New York and are available for discussion.

Right Pedal LendOS is being co-incubated by Liberty City Ventures and Right Pedal Partners.

play-to-rank-is-the-future-of-blockchain-games

Play-to-Rank is the Future of Blockchain Games

September 22, 2022 Published by

 

Volare jumped into the blockchain-gaming market by creating the Volare Game Arcade within Whisper MSG, a blockchain wallet & messenger app with more than a million downloads. The Volare Arcade started with 9 games, all of which are Play-to-Rank (P2R). Volare distributes token rewards to daily top ranking winners of those games. JG Lee, a leader of the Volare Project emphasized that “P2R games should and will replace Play-to-Earn games, because P2E games are more work than play.”

When the wave of blockchain spread to the gaming industry, game developers invented a new genre called Play-to-Earn. The first notable P2E game was “Cryptokitties” in 2017, where players competed to create and breed unique kittens to sell but gamers grew bored with the repetition of trying to create a unique kitty, and Cryptokitties was quickly forgotten. The craze was succeeded by “Axie Infinity“, a P2E blockchain game with an added showdown element. Similar to Cryptokitties, gamers also got tired of the repetitive “grinding” to breed Axies.

Most gamers soon realized two immutable principles behind P2E games: First, a P2E gamer can earn money only by selling game items to other gamers. Therefore, if new gamers are not joining, existing gamers can no longer earn money.  Second, as soon as a game’s focus goes from “fun” to “money”, the game turns into just sheer labor and the players become miners. P2E games left a salutary lesson that gaming to earn money is no longer gaming.

Contrary to P2E games, P2R games allow gamers to focus on the game itself. Also, P2R games add “rewards” on the achievement by gamers which is usually quantified as “Ranking”. The P2R system has already been adopted by many e-sports. Gamers who gladly pay to watch incredible plays by star players of e-sport cheer in excitement and thrill when they get rewarded as the best rankers in P2R games. JG Lee added, “Volare Network will create a P2R game ecosystem that challenges gamers which in turn will motivate developers who are inspired by the gamers.”

marvion-organizes-the-region’s-first-web-5.0-conference-in-singapore-on-1-november-2022

Marvion Organizes the Region’s First Web 5.0 Conference in Singapore on 1 November 2022

September 22, 2022 Published by

 

Bonanza Goldfields Corp. (OTC:BONZ) is pleased to announce that Marvion™ will be organising the region’s first Web 5.0 Conference in Singapore at the Grand Copthorne Waterfront Hotel on 1 November 2022.

The Web 5.0 Conference themed “Enhancing Ownership in the Digital Age“, will be defined by 4 broad themes – Innovation, Technology and Security, Legal and Regulations, and, Investment and Applications. This conference will bring together a stellar line-up of thought leaders, entrepreneurs, advocates and industry insiders with a full day discussion and topics. Well known Bitcoin billionaire and the Chief Scientist at nChain, Dr Craig Wright will initiate conversations with other opinion leaders on key trends and topics such as the metaverse, NFTs, legal and intellectual property. At the same time, an exhibition showcasing arts and collectible NFTs would be made available to all visitors.

“We are looking at this inaugural conference and its line-up of speakers, and we are excited to present a unique and immersive Web 5.0 experience that will speak to our audiences. In a fast-evolving space like technology, collaboration is key. Thus, it is important for industry players to start sharing ideas and to seed a broader based Web 5.0 discussion,” says Dr Herbert Lee, founder and chairman of Marvion.

There will also be the World Premiere exclusive trailer for a crime drama television series, Forensic Psychologist, which is produced by award-winning Phoenix Waters Productions. The 12-episode series unveil a story which explores criminal behaviour and mental health, is led by actress Jeannie Chan, and the production was helmed by various directors including showrunner Bizhan Tong.

“We believe that there is no better place to launch the world premiere of the Forensic Psychologist trailer than to exclusively screen at the Web 5.0 Conference. We had a sellout of Forensic Psychologist’s DOTs launched by Marvion, and with that, I am confident there is a tremendous demand, and Marvion is poised to lead the disruption in the media industry”, said Bizhan Tong, CEO of Phoenix Waters Productions and Creator of Forensic Psychologist.

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