Blockchain

DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has signed two Memoranda of Understanding (MoUs) with key South Korean entities in the blockchain and metaverse fields as it seeks to expand Dubai’s leading position as a hub for Web3 businesses from across the world.
DMCC forms partnerships with prominent entities in South Korea’s blockchain and metaverse industries

DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade…

Meta Platforms Inc, formerly known as Facebook, is reportedly exploring the development of a standalone decentralized social network app for sharing text updates, which could pose a direct competition to Twitter Inc, owned by billionaire Elon Musk. A spokesperson from Meta confirmed the company's interest in exploring a decentralized platform, stating that they believe there is an opportunity for a separate space where creators and public figures can share timely updates about their interests.
Meta is considering a blockchain-powered decentralized app for sharing text updates

Meta Platforms Inc, formerly known as Facebook, is reportedly exploring the development of a standalone…

AD Gaming, the organization driving Abu Dhabi's rapidly expanding gaming sector, has entered into a collaboration deal with AA Meta, a local Metaverse and Web3 development firm, to bring cutting-edge Web3 solutions to the emirate's game production eco-system.
AD Gaming, AA Meta to collaborate on Abu Dhabi’s Web3 Blockchain Gaming ecosystem

AD Gaming, the organization driving Abu Dhabi’s rapidly expanding gaming sector, has entered into a…

Artificial intelligence (AI) in the non-fungible token (NFT) industry is growing. Generative art, or art produced by an autonomous system, has quickly become one of the significant NFT market categories, inspiring creative projects and astounding collections. NFTs have emerged as one of the primary channels for accessing AI-powered art, from the creations of AI art legends like Tyler Hobbs' new QQL project to those of Refik Anadol and Sofia Crespo.
How machine learning powers generative art NFTs

Artificial intelligence (AI) in the non-fungible token (NFT) industry is growing. Generative art, or art…

The Bahamian-based cryptocurrency exchange FTX is apparently on the verge of collapse due to an unanticipated spike in customer withdrawals and a failed deal with rival Binance, serving as an unsettling reminder of the events that took place after the May 2022 crypto market collapse. FTX and Binance revealed that they had signed a "non-binding letter of intent" for Binance to buy all of FTX's non-U.S. exchange business, hoping to avoid what happened to former crypto juggernauts Three Arrows Capital (3AC), Voyager Digital, and Celsius Network, each of which filed for bankruptcy protection earlier this year. Binance declared that it would not go through with the deal within 24 hours, citing worries about improper management of customer assets and U.S. regulatory probes.
The effects of FTX collapse

The Bahamian-based cryptocurrency exchange FTX is apparently on the verge of collapse due to an…

In order to artificially inflate the price of Bored Ape Yacht Club NFTs and swindle its followers who invested, Yuga Labs allegedly "schemed" with celebrities like Fallon, Hilton, Madonna, Kevin Hart, Justin Bieber, and Snoop Dogg. On December 8, the lawsuit was submitted to the Los Angeles federal district court. The claimants are seeking at least $5 million for both themselves and other impacted parties.
Jimmy Fallon, Paris Hilton, and a slew of celebrities sued over promoting Bored Ape Yacht Club NFTs

In order to artificially inflate the price of Bored Ape Yacht Club NFTs and swindle…

Fenix Games has raised $150 million to create a new kind of publisher for blockchain gaming.
Fenix Games raises $150 million for Blockchain-oriented development

Fenix Games has raised $150 million to create a new kind of publisher for blockchain…

In order to expand its operations in the region, Hex Trust, an insured supplier of bank-grade custody and related services for digital assets, has obtained a license from Dubai's Virtual Assets Regulatory Authority (Vara). The organization announced on Thursday that it has obtained a Minimum Viable Product license from the authorities to provide a wide range of virtual asset services to institutional clients and knowledgeable investors in Dubai.
Hex Trust obtains a permit to offer services involving virtual assets in Dubai

In order to expand its operations in the region, Hex Trust, an insured supplier of…

The deposit of actual gold bars found in DMCC-approved vaults will serve as the basis for the creation of Comtech Gold tokens on the XinFin Protocol blockchain network. Through the tokenization of the precious metal, which is backed by actual gold bars registered on DMCC Tradeflow, Dubai's DMCC has teamed up with ComTech Gold to digitize the trading of gold.
Dubai’s DMCC, in collaboration with ComTech Gold, digitizes gold trade

The deposit of actual gold bars found in DMCC-approved vaults will serve as the basis…

The Virtual Assets Regulatory Authority (Vara) in Dubai has granted Komainu, a custodian of digital assets for institutions, a minimal viable product (MVP) license, the company announced on Tuesday. The company, a partnership between the Japanese investment bank Nomura, CoinShares, and Ledger, gained preliminary approval to conduct business in Dubai in July.
Digital Asset platform Komainu received ‘viable product’ license from Dubai

The Virtual Assets Regulatory Authority (Vara) in Dubai has granted Komainu, a custodian of digital…