DBS BetterWorld: Showcasing the Potential of the Metaverse for Good
Singapore’s largest bank, DBS, has unveiled its metaverse concept for DBS BetterWorld, showcasing how the metaverse can be used as a force for good. The virtual experience focuses on the global food waste challenge and highlights the initiatives of Businesses for Impact supported by the DBS Foundation. Players must complete various activities to address the issue of food waste and resilience. The goal is to translate the outcomes of virtual initiatives into real-world impact as metaverse technologies continue to evolve.
UK Government Considers Ban on Cold Calling for Financial Services
The UK government is exploring ways to implement a blanket ban on cold calling for all consumer financial services, including cryptoassets. Unsolicited calls are commonly used by fraudsters to deceive individuals into purchasing fake investments or financial products. The government aims to crack down on this behavior and protect the public from scams. A consultation on the proposed ban will be open until September 27.
FTX CEO Granted Unlimited Visitation Hours in Prison
A US federal judge has granted the lawyers of former FTX CEO Sam Bankman-Fried permission to meet him in prison and have unlimited visitation hours. This will allow Bankman-Fried to prepare for his trial. He will also have frequent access to a computer to review discovery materials and request selected materials for viewing. The order aims to facilitate the legal process and ensure a fair trial.
NFT Collectibles for Dutch F1 Grand Prix Attendees
The Dutch F1 Grand Prix is issuing ticket-linked digital collectibles for all 100,000 attendees, representing unique parts of the racing track. In addition, 75 race fans will receive a special 1/1 collectible marking the 75th year of the track. Collectibles can be claimed through the Dutch GP app, providing a seamless Web3 experience for ticket holders. This initiative aims to onboard a large crowd into the world of NFT collectibles and Web3 access.
Push Protocol Launches Pan-Indian Tour to Promote Web3
Push Protocol, a Web3 communication network, is embarking on a Pan-Indian Tour called “Billions Reasons to Build” in collaboration with 12 Web3 partners. The tour aims to create awareness among Indian developers and showcase the Push Protocol communication stack. The partners, including Ethereum Foundation, Polygon, Filecoin, and others, are sponsoring a bounty worth $50,000 in prizes for participating developers. Through workshops and events, the tour seeks to foster engagement and drive Web3 adoption.
Bitstamp to Close Ethereum Staking Service in the USA
Bitstamp, a Luxembourg-based exchange, will shut down its ethereum (ETH) staking service in the USA in September. This decision is attributed to the regulatory environment in the country. Customers will continue earning staking rewards until September 25, when all staked assets will be unstaked. Other services provided by Bitstamp will remain unaffected.
Hot Take: Exploring the Potential of Metaverse and Web3
The DBS BetterWorld initiative and the NFT collectibles for the Dutch F1 Grand Prix attendees demonstrate the growing potential of the metaverse and Web3 technologies. These developments highlight the power of immersive experiences and digital assets in addressing real-world challenges and engaging communities. As regulators work towards safeguarding consumers, the adoption of Web3 continues to expand, offering new opportunities and experiences for individuals and businesses alike.
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