Revolutionary Decentralized Marketplace for Digital Assets and Compliant Digital Securities
This month, a team has been working hard to bring you a revolutionary decentralized marketplace for digital assets, compliant digital securities, and NFTs. They aim to provide a safer way to DeFi. The team is excited to announce the imminent token launch of the SOMA token, which is a legally issued and compliantly structured digital security. Holding this token offers tangible benefits such as dividends and corporate ownership.
Bitget Launches Snowball: A Structured Investment Product
Bitget has recently launched a structured investment product called Snowball. This innovative product offers users up to 24.5% APR while ensuring principal protection. Snowball operates under an observation period principle, where users subscribe to the product and start receiving interest. During this period, knock-in and knock-out prices are observed, which determine the level of yield users can expect to receive.
Microsoft Unveils AI Compilers for Optimal Performance
Microsoft has unveiled a suite of four new artificial intelligence (AI) compilers designed to optimize the performance of different AI models. This “heavy-metal quartet” of AI compilers, named Rammer, Roller, Welder, and Grinder, provides systematic and innovative solutions for mainstream AI models and hardware compilation.
Emergence SDK Integrated with The Root Network
Crucible, in collaboration with the Open Meta Association, has announced that the Emergence SDK will be integrated with The Root Network. This integration combines Crucible’s toolset for game developers with Futureverse’s blockchain and suite of protocols. The Emergence SDK offers ready-made runtimes for building metaverse apps, games, and experiences. The new strategic funding round will be led by Born Ready Ventures, a metaverse-focused venture fund and studio co-founded by Futureverse’s co-founders.
Settlus: A Blockchain Project for Payment Settlements in Gaming
Krafton, the development company behind PUBG: Battlegrounds, has announced Settlus, a blockchain project that uses the Cosmos SDK for payment settlements in the USDC stablecoin. Settlus offers a transparent settlement system for creators and aims to bring a payment and settlement layer using USDC on the Cosmos ecosystem.
Shandong Province Aims for Metaverse Development
The government of Shandong Province in China has released draft guidelines to promote metaverse development. Their goal is to reach a market size of ¥150 billion ($20.6 billion) by 2025. The government plans to build industrial parks, support 100 metaverse firms, and have companies apply for thousands of domestic and international patents.
Zodia Markets Receives Approval for Digital Asset Broker-Dealer Activities
Zodia Markets, a London-based digital asset platform, has been granted in-principle approval by Abu Dhabi Global Market (ADGM) to start regulated activities as an over-the-counter (OTC) broker-dealer in digital assets. With registration with the Financial Conduct Authority (FCA) and backing from SC Ventures, Zodia Markets is expanding into the UAE as the region establishes itself as a rapidly emerging hub for digital assets.
Hot Take
The crypto industry continues to witness groundbreaking developments in decentralized marketplaces, AI optimization, blockchain integration, gaming payment settlements, metaverse promotion, and regulated digital asset activities. These advancements are shaping the future of finance and technology, offering new possibilities and opportunities for individuals like you to participate in these innovative ecosystems.
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