Investment News:
SOMA Finance, MANTRA, and Tritaurian Capital have announced their joint venture to offer the first legally issued digital security to global and US retail investors. This revolutionary decentralized marketplace for digital assets aims to provide a safer way to invest in DeFi, compliant digital securities, and NFTs. The launch of the SOMA token, a legally issued and compliantly structured digital security, is imminent. Token holders will enjoy tangible benefits such as dividends and corporate ownership.
Bitget, a cryptocurrency exchange, has introduced a new structured investment product called Snowball. This product offers users up to 24.5% APR while ensuring principal protection. Snowball operates under an observation period principle, where users subscribe and start receiving interest until the yield is accumulated. During this period, knock-in and knock-out prices will determine the level of yield users can expect to receive.
AI News:
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Microsoft has unveiled a suite of four new artificial intelligence (AI) compilers. Developed in collaboration with academic colleagues, these compilers, named Rammer, Roller, Welder, and Grinder, optimize the performance of different AI models. They provide innovative solutions for mainstream AI models and hardware compilation.
Blockchain News:
Crucible has partnered with The Root Network to integrate the Emergence SDK, a toolset for game developers, with a blockchain and suite of protocols developed by AI and metaverse technology company Futureverse. The Emergence SDK offers ready-made runtimes for building metaverse apps, games, and experiences. Born Ready Ventures, a metaverse-focused venture fund and studio co-founded by Futureverse, will lead Crucible’s strategic funding round.
Gaming News:
Krafton, the company behind the popular battle royale game PUBG: Battlegrounds, has announced Settlus, a blockchain project using the Cosmos SDK for payment settlements in the USDC stablecoin. Settlus aims to offer a transparent settlement system for creators. The integration of blockchain technology into the gaming industry is a significant development, with Settlus poised to bring a new payment and settlement layer using USDC on Cosmos.
Regulation News:
The government of eastern Chinese Shandong Province has released draft guidelines to promote metaverse development. The government aims to reach a market size of ¥150 billion ($20.6 billion) for metaverse-related initiatives by 2025. It plans to build industrial parks, support 100 metaverse firms, and have companies apply for at least 3,000 domestic and international patents.
London-based digital asset platform Zodia Markets has received in-principle approval from Abu Dhabi Global Market (ADGM) to start regulated activities as an over-the-counter (OTC) broker-dealer in digital assets. Zodia Markets, registered with the Financial Conduct Authority (FCA) and backed by Standard Chartered Bank’s innovation and ventures unit, has chosen to expand into the UAE as the region emerges as a hub for digital assets.
In conclusion, the cryptoasset and blockchain industry continues to make significant strides in various areas, including investment, AI, blockchain, gaming, and regulation. These developments highlight the growing importance and potential of cryptocurrencies and blockchain technology in shaping the future of finance, technology, and various industries.
