Binance Launches Web3 Wallet to Make Web3 Accessible to Millions of Users


Binance, the global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume, is excited to announce the launch of its Web3 Wallet. The product, which was officially unveiled today during the company’s flagship Binance Blockchain Week conference in Istanbul, aims to meet the demand for a simple, convenient and secure way to experience the world of Web3. Millions of Binance users can now explore and experience Web3, without the risk of losing seed phrases or struggling with complicated onboarding processes.

Serving as a digital gateway to Web3, Binance’s Web3 Wallet is a self-custody crypto wallet built within the Binance app. With this latest launch, users now have access to a secure and streamlined method to swap thousands of tokens across various networks at great prices, explore a variety of decentralized applications (dApps), quickly transfer funds between exchange and wallet, earn yield on their crypto and more, all in one secure wallet.

“Web3 wallets represent more than just storing digital assets; they are an integral part of the Web3 framework, empowering individuals with the ability for self-sovereign finance,” says Changpeng Zhao (‘CZ’), CEO and Founder of Binance.

For most users, Web3 is complex. The Binance Web3 wallet is designed with user experience as the top and foremost priority, with the goal of making Web3 more accessible and easier for users to get started. Users, regardless of whether they are new to crypto or are already experienced traders, will find value in using Web3 Wallet. The main advantages of Web3 Wallet include:

Unparalleled Simplicity: Built directly into the Binance mobile application, users can create and activate their Web3 Wallet in seconds. The seamless integration means that users can access dApps and DeFi features directly within the Binance interface, without needing to juggle across platforms. The use of Multi-Party Computation (MPC), an advanced security technique, also removes the need for users to manage or memorize seed phrases without compromising on the benefits of security and self-custody.

All-In-One Convenience: Putting one’s idle crypto to work and earning interest on assets becomes much more accessible and seamless with the Web3 Wallet. There is a suite of innovative Earn and DeFi services within the Web3 Wallet to allow users to receive rewards from their digital assets. Binance’s Web3 Wallet is also the hub for users to explore various dApps, purchase cryptocurrencies through the Swap function at great prices thanks to deep liquidity and low slippage, and perform cross-chain trades across various networks at the tap of a button.

Robust Security: Protecting users and their assets is a key priority. With MPC technology, a user’s private keys are broken into three smaller parts known as key-shares. Having the key-shares split across three different locations mitigates the risk of the keys being compromised and reduces the vulnerability of the system. Two out of the three key-shares are controlled by users, which is intentional as Web3 Wallet is self-custodial. Funds held in the wallet are exclusively owned and accessible only by the user. Enhanced security features, such as wrong address protection and malicious contract detection, are also incorporated to notify users if a token or blockchain address carries a security risk at the time of the transaction.

CZ added, “Much as we believe Web3 will improve the freedom of money around the world, our industry must continue to build tools that onboard and protect users while also reducing friction for them. To help drive Web3 adoption, we have to identify and plug the gaps between centralized and decentralized systems. Binance’s Web3 Wallet lowers the barriers of entry for users to achieve full self-custody of their assets and it is an important, convenient bridge towards DeFi empowerment. Ultimately, our priority is to ensure users can explore Web3 with us within a user-friendly and protected environment.”

Richard Teng, Head of Regional Markets at Binance, also shared, “The overall aim when designing our Web3 Wallet is to help elevate the current user journey of experiencing Web3. We want our users to be assured that they are interacting with Web3 within a secure and protected ecosystem. That is why we have incorporated MPC technology as well as Binance’s trusted security infrastructure within the Web3 Wallet. The common stress of worrying about losing one’s seed phrase is removed, so that we can introduce a secure and smooth entry point for millions of users to safely and easily explore the Web3 universe.”

Binance Web3 Wallet is developed in partnership with the product and engineering team at Trust Wallet, and utilizes the same wallet technology layer services. Despite this coupling, Binance maintains autonomous control over Web3 Wallet’s features, operations, and services. To ensure a seamless experience with the newly launched Web3 Wallet, users are able to reach out to Binance’s 24/7 Customer Support to assist with any questions or help needed.


Hackathon Highlights: How the American University of Sharjah and Bybit Are Shaping Tech Talent in the UAE


Bybit, the world’s third most visited crypto exchange, has successfully concluded its first Inter-College Hackathon. The landmark event, which took place at the American University of Sharjah (AUS), saw a strong turnout of 86 teams who vied for the top prize in the CryptoAI BUILDER Challenge.

The hackathon was marked by an impressive participation of 63 students, forming a total of 15 teams. The competition culminated in the recognition of six winning teams, three from each of the two tracks of the challenge.

In the Literacy track, the top honors went to ‘Cyber ciphers’ followed by ‘Team 7’ and ‘Code Comet (Sato_Bot)’ for their outstanding contributions. Meanwhile, in the Security track, ‘WhiteHats’ secured first place, with ‘Cyber Guardians’ and ‘DEDSEC’ coming in second and third respectively. Each of these teams displayed a remarkable level of expertise and innovation, further emphasizing the success of the event in uncovering and fostering new talent in the tech industry.

The collaborative venture, part of Bybit’s mission to be the world’s Crypto Ark, was underpinned by a significant contribution from the exchange. This contribution not only bolstered the AED 80,000 prize pool but also established the Bybit Scholarship at AUS, which is set to propel 20 students into the burgeoning fintech and blockchain sector.

“Our partnership with AUS and the remarkable talent displayed during the hackathon underlines our belief that the youth are the keystones of technological innovation,” said Ben Zhou, co-founder and CEO of Bybit. “We are proud to support these young minds who have demonstrated exceptional skills and vision, reflective of our mission to be the world’s Crypto Ark and pave a safe journey towards Web3.”

“Blockchain and Artificial Intelligence are key technologies to enable the UAE economy,” said Dr. Imran Zualkernan, professor and head of the Department of Computer Science and Engineering at AUS. “This hackathon provided a unique opportunity for students across the UAE to participate in learning and building solutions around these two key technologies. We appreciate the support of Bybit and Moledao in making this event a success.”


aelf Sets Up Global Hub in Singapore to Support Web3 Developer Ecosystem Growth


aelf, a leading layer-1 blockchain network, has announced the opening of its new global hub in Singapore to support the developer ecosystem growth in APAC and beyond.

This expansion underscores aelf’s commitment to supporting Web2 and Web3 developers, with aelf having launched a pioneering initiative offering up to US$150,000 of grants per studio to help Web2 gaming studios transition into the Web3 space. As part of this big move, aelf has also established aelf Ventures with a US$50 million ecosystem fund and is creating a forward-thinking, decentralised autonomous organisation.

aelf’s new hub, strategically situated in the city’s financial business district, is positioned to accelerate the developer ecosystem’s growth in APAC and beyond. Capitalising on Singapore’s global reputation as a fintech hub with strong blockchain support, aelf gains a distinct advantage in cultivating purposeful collaborations with blockchain developers and digital asset enterprises. Functioning as an instrumental hub, the Singapore office will drive aelf’s dynamic initiatives, including the following notable endeavours:

  • Introducing TMRWDAO: aelf is set to launch TMRWDAO, a forward-thinking decentralised autonomous organisation (DAO) that will unite diverse enterprises. With a shared mission to promote cross-industry sharing and collaboration, tmrwdao’s mission is to revolutionise how businesses synergise and innovate within the blockchain ecosystem.
  • aelevate Program Launch: aelf’s aelevate gaming program empowers Web2 gaming studios to seamlessly transition to the Web3 landscape. Through this program, aelf will provide grants of up to US$150,000 per studio and support to foster the integration of gaming experiences with the decentralised web.
  • aelf Ventures: aelf has launched aelf Ventures with a US$50 million ecosystem fund to invest and support promising projects bridging Web2 to Web3, and innovative blockchain projects on aelf and multichain ecosystems. aelf Ventures is vertical and stage agnostic and will focus on strategic and financial investments.

aelf’s founder, Haobo Ma, shares, “The problem we are currently facing in the blockchain industry is that regular users encounter many challenges to enter. At present, the primary motivation for most users, including many blockchain gamers, is speculation and financial gain, often seeking monetary rewards and bounties. Unfortunately, these users also possess a better understanding of mnemonic phrases, private keys, and the processes to participate in the blockchain space. While there is a space for them, blockchain should also be accessible to ordinary users.”

“Therefore, we must find solutions that allow regular users to enter, and create the environment for such innovations. These technological developments, such as account abstraction wallets, help make blockchain more accessible as users do not need to remember long alphanumeric codes or complex mnemonic phrases to participate in the Web3 space. Our goal is to enable the transition of current Web2 applications, games, and services to a Web3 environment. The new global hub in Singapore will be instrumental in advancing aelf toward accomplishing this mission,” adds Ma.

The opening of aelf’s new global hub in Singapore marks an exciting chapter in its journey, underscoring its dedication to pushing the boundaries of blockchain technology. As a key global player in the blockchain space, aelf remains steadfast in its pursuit of fostering collaboration, innovation, and growth within the industry.


Trading Begins for Governance Token $TSUGT of Innovative Web3 Game “Captain Tsubasa – RIVALS -” on Kucoin


Mint Town Co., Ltd and BLOCKSMITH&Co. announced that the governance token $TSUGT of the groundbreaking Web3 game “Captain Tsubasa – RIVALS –” is now available for trading on Kucoin, which is a  cryptocurrency exchange based in Hong Kong.

The new $TSUGT, co-released by Mint Town Co., Ltd, BLOCKSMITH&Co. and BLOCKSMITH&Co., a subsidiary of KLab Inc. that oversees its Web3 related businesses in “Captain Tsubasa – RIVALS-“, strengthens the bond between players and game management to support game growth. Players can earn $TSUGT through in-game performance and use it to enhance characters and game mechanics. Using tokens also promotes game development by increasing token value.

$TSUGT holders enjoy unique benefits such as exclusive NFTs, fan meeting invitations, and more based on their token quantity. They also receive regular in-game items and have chances to win merchandise through a raffle system. Overall, $TSUGT enriches gameplay, incentivizes player involvement, and allows players to contribute to the game’s evolution.


LimeChain Drives Web3 Innovation, Enhancing the Global Market


Web3 is global and growing fast. The international market value of Web3 is expected to increase by more than 40% per annum through 2030. Its decentralized architecture and smart contract capabilities have transformative potential. Across industries such as finance, gaming, and social media, a blurring of technological lines is taking place.

Of course, delivering the promise of Web3 demands excellent user experience. And infrastructure is the engine of that experience. LimeChain is a pioneering Web3 engineering and product design firm contributing to that infrastructure – from DAOs to dApps and scaling solutions. LimeChains commitment to the mission is unwavering.

This commitment fuels their continued drive to grow and improve their core team of Web3 builders. 2022 was incredibly successful for LimeChain in this regard, as the team grew by 50% compared to 2021. The team is now over 100 strong, making LimeChain one of biggest Web3 companies in the world. Their recruitment effort has been significantly bolstered by their very successful Web3 training program LimeAcademy, which is aimed at preparing the next wave of Web3 engineers.

For 2023, LimeChain aims to maintain this level of growth and retain their position as a leading provider of Web3 services, including smart contract development, blockchain network development, DEX development, dApp design & development and ZKP implementation, among others.

“LimeChain has been a driving force for innovation in the Web3 space for over five years. We’ve been consistently delivering impactful products, helping to further the Web3 evolution and realize the vast potential of Web3 technologies. At the same time, we’ve also been educating talented Web3 engineers through our training program.”

“We are incredibly fortunate that we can share this journey with a number of standout clients and partners and explore projects and ideas that push us to perfect our craft and fuel our never-ending pursuit of excellence,” said Nick Todorov, co-founder and CEO of LimeChain.

Since their inception in 2017, LimeChain have selected innovative projects and ambitious partners that align with their vision, celebrating the growth and enrichment of the Web3 ecosystem, especially during challenging times. One River Digital Asset Management, recently acquired by Coinbase Inc., is a standout client.

“Our technology partners are critical as we work to build the first generation of institutional infrastructure in Web3. LimeChain has consistently delivered across design, engineering, and timely execution. Their ability to collaborate with in-house technical talent is outstanding. Working with LimeChain has accelerated our product development and expanded our perspective through a detailed, technical lens,” said Shaun Martinak, Product Lead, Onebridge, Coinbase Asset Management.

For the team at LimeChain, the recognition of their continued contribution to the growth of the industry has meant a lot, especially coming from a key partner that is at the outset of a new chapter of their Web3 journey. Looking ahead, they remain committed to supporting all of their clients and work with them to redefine what could be achieved in the Web3 space and introduce these fascinating technologies to a broader audience.


Resilient global private equity set for resurgence to long-term growth despite abrupt 2022 reversals in face of rising inflation and rates — Bain & Company Global PE Report


Global private equity remains set for further strong, long-term growth even in the face of a sudden reversal in 2022, driven by economic turbulence and uncertainty amid rising inflation and interest rates, Bain & Company’s 14th annual Global Private Equity Report, released today, concludes.

The report emphasizes that last year was still the second strongest in private equity’s history, despite an abrupt mid-year derailment of dealmaking, exits and fund-raising, triggered by a series of interest rate hikes by the US Federal Reserve in response to sharply higher inflation.

While the setback from June, after unprecedented macro shocks, conspired to slow dramatically what had been a decade-long, consistent and attractive run for the PE industry, the Bain study finds that the sector’s underlying fundamentals remain strong and resilient. The report also points to the potential for the PE sector to become even more appealing to investors chafing at the limitations of public markets, despite the shifting economic tides.

Bain concludes that unlike the period from 2007-08, when the global banking system came close to collapse, nothing is fundamentally broken in the underpinnings for PE’s future expansion and current conditions are nothing the industry hasn’t dealt with successfully before.

“So far this year there  has been a continuing slow-down in the action, but private equity’s long-term appeal to investors is secure,” said Hugh MacArthur, chairman of the global Private Equity practice at Bain & Company. “As deal activity begins to pick-up in 2023, the industry continues to be well positioned for long-term growth. Despite the drop-off in deal, exit, and fund-raising activity, 2022 was still the second-best year in history. There is undeniable uncertainty in the global market – but this is something private equity has dealt with and persevered through before.”

Examining present and future challenges for the industry, Bain’s analysis highlights that clear strategic “sight lines,” rather than economic conditions, are what will bring energy back to dealmaking even if interest rates remain higher for longer.

Noting that the industry ended last year with a record $3.7 trillion in dry powder, Bain’s report emphasizes the lessons from the last downturn, during which investors didn’t panic but focused instead on risk management and mitigation to set themselves up to accelerate out of the weaker period. Leading players will keep finding deals that they can underwrite accounting for macro conditions and will stay aggressive, the analysis finds.

“While there is obvious disruption in markets, dealmakers can adjust to do deals that work in a range of conditions. The best will do just that, even with lower levels of activity broadly,” said Rebecca Burack, head of the global Private Equity practice at Bain & Company. “Winners will stay close to their proven sweet spots. Critical to their success will be underwriting dealmaking where their expertise and confidence are highest. We’ve seen from past periods of dislocation that investors who follow this strategy have generated very strong returns – so staying in the game is important for all of the industry’s stakeholders.”

Rapid reversal from record highs in 2022 – but stage set for a resurgence

Bain’s report charts the course of 2022’s far-reaching economic and geopolitical turbulence and its impact on the PE sector, which it finds bore the brunt of macro headwinds.

After marking new record highs in 2021, with completed deals worth $1 trillion, capping a stunning 12-year long upcycle for the industry, 2022’s sudden mid-year break in PE activity saw global buyout value (excluding add-ons) drop steeply, by 35%, to $654 billion last year. Overall deal count, meanwhile, tumbled by 10% with some 2,318 transactions completed.

While 2022’s deal value was still the second-best performance for the market historically, this was chiefly driven by the extraordinary momentum from the year’s first half. The second half’s sharp drop-off in deal activity and value was felt across all regions and most sectors, with the decline exacerbated in Asia-Pacific by repeated market shutdowns due to Covid restrictions.

Banks’ reluctance to lend to large leveraged transactions from mid-year as interest rates rose and economic anxiety intensified dictated how dealmaking ultimately unfolded in 2022, Bain notes. Across the US and Europe, leveraged loans fell 50% to $203 billion.

The result was a decline in the sort of large, high-leverage transactions that have for years buoyed deal value so that average deal size fell by 23% over 2022 to $964 million after having climbed steadily every year since 2014 to achieve a record high in 2021 of $1.2 billion. This was mirrored by increased appeal of smaller deals, which took an increased share of total transactions, and of “add-ons”, which made up fully 72% of all North American buyouts last year by deal count as investors and funds pursued “buy-and-build” strategies.

Bain’s analysis also finds that the 2022 PE reversal also hit growth equity and late-stage venture investment – segments that were previously on fire. Overall deal value in these segments dropped 28% to a rounded $644 billion. Activity undercut by the impact of higher interest rates on deal discount rates for future earnings, in combination with investors recalibrating risk appetite and conservative moves by general partners (GPs) to preserve precious cash reserves.

Deal exits fell even harder than investment activity, Bain’s analysis shows. With every channel for exits in decline, buyout-backed exits dropped by 42% to $565 billion while growth equity exits plummeted by 64% to $312 billion.  The falls reflected the complete shut-down of the IPO market amid sharp falls in public equities, as well as a drop in sponsor-to-sponsor deals by 58%. Sales to strategic buyers were higher than the five-year average, largely due to corporate earnings’ resilience, but still ended 2022 some 21% down on the prior year.

While Bain finds that the outlook for PE fund-raising remains exceedingly bullish, new fundraising last year was also affected by the deteriorating conditions and confidence, dropping 10% from 2021’s levels to $1.3 trillion – still the second-highest figure on record.

Despite all of the past year’s declines in dealmaking, exits and fund-raising, Bain’s analysis suggests the long-term outlook for private equity remains one of resilience and expected resurgence even though a turnaround in macro conditions is impossible to predict with accuracy.  The study explores some of the key sector trends and themes set to be important for further growth across the PE industry.

Individual investors, accounting for half of global asset wealth, to be PE’s next great growth engine

Individual investors and their wealth are expected to be the new great growth engine for PE, Bain reports. It finds that with individual retail investors holding roughly 50% of all global assets under management (estimated to total $275 trillion to $295 trillion) but with only 16% of the capital held by alternative investment funds, this segment represents a vast, untapped market for PE managers seeking to sustain double-digit growth as the industry matures.

Bain finds that funds that are already exploring retail investment markets are moving quickly and that this is forcing the rest of the industry to make choices on whether to “get in the game” and on their positioning. At the same time high-net-worth individuals and their advisors are increasingly being drawn to alternative investments as they explore diversification options and better returns than the traditional markets for public equity and debt will offer.

Large alternative managers are pushing ahead, Bain notes, with many launching funds allowing high-net-worth individuals access to alternative asset classes, banks and advisors are exploring options for clients and fintech offerings are working to adapt tools and solutions to streamline the process. However, Bain also cautions that this new growth area also comes with steep learning curves for participants looking to make channels work at scale.

PE must pivot to organic growth and expanding margins as higher rates are set to persist

The emerging combination since 2022 of higher interest rates and inflationary pressures pose a twin threat for PE and general partners, Bain’s report emphasizes.

While the analysis notes that predicting the uncertain course of prices or inflation is foolhardy, it notes that a series of powerful factors that are in play do remain certain – including ageing populations, government budget strains, and rising material costs due to the global supply chain crunch and trends to onshoring. Bain’s study concludes that these trends mean that the past, historically unprecedented period of zero-to-negative interest rates is over so investors should assume higher interest rate risk.

In turn, the report finds this creates a new imperative for private equity to create value through margin improvement and organic growth. While PE returns in recent years have largely come from expansion in valuation multiple, it suggests that in future GPs will not have the luxury of relying on higher multiples and returns will need to be sought through growth in earnings (EBITDA) even as market expansion and inflationary cost pressures make those gains harder to achieve.

Bain’s report concludes that for PE firms winning in this challenging environment will require finding ways to adjust to these new macro pressures including through investment in automation, in supply chain redundancy and security, and via managing balance sheets against the risk that interest rates may be “higher for longer.” PE players should also look to target customer groups and industries with lower price sensitivity. Lastly, it finds that PE will need to focus more on organic business growth as emerging technologies, weaker GDP growth and stagnant-to-declining populations limit future market expansion in many industries.

Global energy transition and web3 present further key challenges and opportunities for PE

The global energy transition away from carbon-based fuels in pursuit of net-zero, and the increasing impact of web3, despite present hype and turmoil in the crypto world, are two other important areas of challenge and opportunity for private equity examined in detail in the Bain report.

Bain’s analysis highlights that pressure on PE firms to decarbonize portfolios only intensified in 2022, with regulators, consumers, B2B customers, and investors are stepping up calls for change. At the same time, Bain notes, the race to develop new alternative energy sources and other low-carbon solutions is shaping a generational opportunity to put capital to work. The energy transition will need trillions in new capital, the report emphasizes. While ambiguity around regulation, the pace of change, politics and other issues will persist, Bain suggests that PE and its GPs cannot let such uncertainty deter action. Rather, firms need to develop experience, hone capabilities and nurture the networks that will allow them to turn change to their advantage.

Private equity should also rise to the challenges posed by web3, Bain finds. Despite the present ‘crypto collapse’, the broader technologies behind crypto, collectively known as web3 are here to stay and will continue to drive far-reaching impact for business and across markets, the report says. It concludes that whether someone is an investor in next generation IT infrastructure, a fund manager performing due diligence on traditional companies exposed to web3 disruption, or a PE strategist evaluating new fund types and distribution channels, web3 is very likely to emerge as a critical theme during the next 10 years, so that for many funds now is the time to build depth and evaluate means to exploit the consequent technological shifts.


Circle Kicks off 10-Year Anniversary in 2023 and 5 Years of USDC with Release of First Annual “State of the USDC Economy” Report and More


Circle, a global digital financial technology firm and the issuer of USD Coin (USDC) and Euro Coin, celebrates its 10 year anniversary in 2023 and five years since the launch of USDC. As part of the kick-off to mark the occasions, Circle is releasing the first-ever comprehensive report about the state of the USDC economy: “State of the USDC Economy — Welcome to the Utility Value Phase of Digital Currency.”

The report details why the company’s digital dollar is poised to absorb significant portions of the more than $2 trillion in payments industry revenue and become a new digital expression of the $21 trillion M2 money supply. It includes key details about the growth of USDC, the thriving ecosystem of developers building with USDC, and a macroeconomic analysis from Circle’s Chief Economist about why the speculative phase of digital currencies ended in 2022.

Also in recognition of the milestone year,  Circle is announcing new programs to engage developers and research academics and help drive toward the company mission:

  • Ten $10,000 USDC grants for students studying Web3 development. “Developers are essential to the success of USDC and the entire Web3 ecosystem,” said Allaire.  “We believe a million Web3 developers will rewire financial infrastructure to create a global, equitable, internet-native foundation for the frictionless exchange of value in the next few years and we want to invest in building  that knowledge,” said Allaire. Program details, including the opening of the application process this Spring, will be available in the coming weeks.
  • The Circle Insight Award. The first of its kind from Circle and in partnership with the Crypto and Blockchain Economics Research Forum (CBER), the financial awards will recognize exceptional academic papers that offer original, insightful approaches to solving practical issues with blockchain technology. The awards range from $5,000 to $10,000 and will be announced in May at CBER’s annual conference. The nomination form is available here.

“While the era of speculation on bitcoin and other crypto assets has come through a tumultuous year, digital currencies such as USDC herald the necessary shift into the utility value phase of blockchains and digital currency,” said Circle Co-Founder, Chairman, and CEO Jeremy Allaire. “In addition to being a milestone year for Circle and USDC, 2023 will mark the next evolution of money, payments, and finance, and as we have since our first days 10 years ago, Circle will lead the transformation of global financial infrastructure by leveraging digital assets like USDC and open, public blockchains.”


Reltime’s global Web3 financial ecosystem changes the game of the USD 7.5 trillion Forex market


Reltime announces today its successful launch of the first swap of digital fiat currencies within the world’s first Web3 financial ecosystem. This revolutionary new Reltime FX service is now being offered to current and future Reltime B2B2C partners. Initial fiat currencies that can be swapped are NOK, SEK, DKK, EUR, USD, JPY, GBP, AUD, CAD, CHF, CNH, HKD and NZD.

In the first of quarter of 2023, Reltime plans to introduce additional currencies to be exchanged through the Norwegian fintech’s Layer 1, Proof of Authority blockchain, with no exchange or gas fees and commission charges, and with a settlement and transaction speed of less than three seconds.

Reltime’s game-changing solution has been built especially for its partners on all continents, including telecom operators, financial service providers focusing on specific target groups, neobanks, challenger banks, digital arms of incumbent banks, virtual sports metaverse companies, supermarket chains, shopping malls, e-commerce firms and others with a large customer base.

Reltime FX is available on the company’s all-in-one financial Super App anytime, anywhere, to anyone in the world. Reltime enables end-users of its global Web3 financial platform to exchange digital fiat currencies in real-time and fully compliant to today’s digital asset regulations (Politically Exposed Persons (PEP), Anti-Money Laundering (AML), low-cost, proprietary electronic Know Your Customer (eKYC), and regulatory radar).

“Having developed our own Layer 1, Proof of Authority, Web3 financial ecosystem, Reltime has continuously been launching pioneering solutions tailored to the needs of our trusted B2B2C partners,” says Peter Michel Heilmann, CEO, Reltime. “Their customers have been able to swap any kind of digital assets, such as BTC and ETH, inside their financial Super App, without any fee. As a natural evolution, end-users can now swap 13 digital fiat currencies, while In the next phase, many other currencies will be added to the platform.”

With Reltime FX, anyone around the world can benefit from:

A) seamlessly and instantly (in real-time) swapping as little or as much money as end-users want or need, either inside their financial Super App or with other platform users;
B) no commission charges, exchange and gas fees whatsoever;
C) Reltime not being a forex intermediary.

Overall, turnover in over-the-counter (OTC) forex markets averaged USD 7.5 trillion per day in April 2022, a volume 30 times greater than daily global GDP and 14 per cent higher than in early 2019, according to the BIS Quarterly Review, “The global foreign exchange market in a higher-volatility environment,” published this month (

Reltime FX, FastTrack to Web3 (Banking-as-a-Service) and FastTrack to Embedded Finance

Reltime FX can be plugged into Relltime’s FastTrack to Web3 and Embedded Finance solutions, which can be white labelled. The solutions include:

  1. One-stop shop
    1. One single platform for B2B2C partners and OpenAPI;
    2. Reltime sets up everything from the next-generation Super App with unique features, back and front-end, customer and technical support, and more;
    3. Plug-ins for virtual and physical cards as well as Google and Apple Pay (in the first quarter of 2023);
    4. Plug into Reltime’s global network of trusted partners offering specialised, value-added services.
  1. Benefits of the new Reltime FX service
    1. No exchange, gas and commission fees;
    2. Faster: within seconds, 24/7/365;
    3. No middleman involved.
    4. Once the forex swap has taken place, end-users are able to send their fiat currency/ies to others anywhere in the world via a QR code, mobile phone number, E-mail, wallet address or IBAN/ACH;
    5. Self-custody: multiple digital fiat accounts can be held without any third party in their own Reltime Web3 wallet.’s-largest-web3-and-nft-community-conference hosts London’s Largest Web3 and NFT Community Conference


Web3, NFT and Gaming London Conference was attended by 800+ people with over 100 international speakers. The event was the brainchild of Surya Chowdhury, Founder & CEO of and CTO of billion-dollar turnover company. is a brand-new marketplace that focuses on NFTs, games, music and films featured with NFT Staking, Pool and Game launchpad.

The conference marked an opportunity to a number of community groups to work with the organizers ranging from London NFT, Women in Web, DLT Hub, Gaming and NFT Communities. Big names such as TikTokDepartment for International Trade (DIT)Parker Lloyd Ventures LLP attended the event. A number of media sources like BBC, Sky and crypto channels such as The Voice of Crypto and TikTok marketing were present.

The event was inaugurated by Peter Meli, economic attaché to Malta and a leading expert in the blockchain and NFT sector.

The opening keynote was Alan Boyd Tech Pioneer who reported to Bill Gates to lead the products development of Word, Excel, Outlook, PowerPoint and Windows, and later Head of Acquisition during the 1980s in Microsoft. He enlightened the audience from an economic perspective, why the metaverse is coming and why it is coming now. The CEO of The Metaverse Institute, Dr. Christina Yan Zhang co- chaired the conference and spoke about “Building a Greener Metaverse for a Sustainable Future”.

Anjana Basnet, young entrepreneur and the Business Development Manager of, announced the launch of FlaxNFT as a revolutionary marketplace provider and presented the features and core values of the company.

The event was hosted by Ray Youngman, Co- Founder, Wizzkid Billionaire Club with Mason Youngman, a nine-year-old entrepreneur alongside Victoria Pallot, CEO of Musicia, Dr. Christina Yan Zhang and Dr. Death and podcasted by Charli Fisher.

“Fantastic community event, very well organized by the host Surya Chowdhury and his FlaxNFT team,” said Balbir Judge, Metaverse Week.

“Overwhelmed by the huge level of turnout to a community led event which has allowed entrepreneurs to showcase their new projects in the sector. As a result of this event, I have decided to create a fund to assist new projects and partnerships in Web3. A massive thank you to London NFT for their support,” said Surya Chowdhury, Founder & CEO, FlaxNFT Limited.


XGEMs Powers the Future of Reward Programmes


The future of reward programs is here: powered by XGEMs, the world’s first multi-merchant rewards currency.

Spending online? Get cashback in XGEMs. Getting bubble tea? Earn XGEM loyalty points. Playing your favourite mobile game? Win XGEM prizes.

Singapore-based Game-Fi platform Ethlas has announced the launch of XGEM Rewards, a radical multi-merchant rewards program, connected by the first truly portable reward points system, XGEMs. Set to launch in Q1 of 2023, XGEM Rewards will be available to use across a wide range of brands and services online and offline.

This wave of innovation combining blockchain and loyalty rewards marks a new chapter for XGEMs, which has previously been used as a reward token in gaming and entertainment platforms such as Ethlas, major gaming, and entertainment platform utilized by millions worldwide.

To celebrate the launch of XGEM Rewards, the platform is giving away XGEMs to users who sign up early on

On top of this, Ethlas will be airdropping XGEMs into the wallets of active users/players, as well as holders of either its native Komo NFTs or partner NFTs. Partner NFT projects include the top five projects that participated in the inaugural Battle Showdown tournament that took place in October 2022: Ape Gang, 3l3phant, Avium, Cubemelt, and Doodles. A snapshot of all respective wallets will be taken on November 1.

“We are excited to partner with top brands and merchants to ensure that XGEMs and blockchain-based rewards are made more ‘real’ for the millions of users in our markets. We believe that the future of blockchain and Web3 is heavily predicated on how seamless and enjoyable the experience is for our users and we’re committed to continuing bridging the next generation of users into Web3.” said CEO & Cofounder of Ethlas, Wui Ngiap Foo.

Ethlas’s parent company, Eleos Ventures, has announced a partnership with Singapore-based dining discovery app Burpple, to launch the first blockchain-powered dining rewards platform offering perks for NFT communities. By offering digital currencies as rewards, businesses are leveraging their rewards programs using crypto and bringing shoppers back to their stores.

Blockchain technology is being used for rewards programs in many ways. For example, blockchain-based rewards programs can track and distribute rewards points, coupons, or other loyalty program benefits. Additionally, blockchain technology can be used to verify customer identities and prevent fraud. XGEM is becoming the most desirable digital reward, as it is liquid and global.

An increasing number of retailers & internet-based businesses are willing to accept XGEM as payment or rewards, and the regulatory framework finally beginning to take shape, XGEM’s evolution from an in-game coin to a mainstream technology is almost complete.