SK Telecom Vice President: SK is moving 30 million users from Web 2 to Web 3
Oh Sae-hyun, the Executive Vice President of South Korean telecommunications giant SK Telecom, stated in his keynote speech at UDC2023 that we are looking for high value-added markets to expand our business. SK Telecom is actively building Web3 infrastructure to prepare for the Web3 era. Currently, SK is planning a strategy to move 30 million users from Web 2 to Web 3.
Lens Protocol V2 has completed the migration and added smart post embedding functionality
On November 13th, Lens Protocol, a Web3 social protocol, announced that it has rewritten its code and added some features, including the launch of smart post embedding, which supports the direct use of Lens V2 for customizing and embedding posts, to unlock new profit opportunities. In addition, Lens V2 has completed its migration.
SK Telecom Vice President: 70% of all new value created in the next 10 years will be based on digital platform business
SK Telecom's Vice President, Wu Shixian, stated at the UpBit D conference held in Seoul that since the rise of large technology companies, the gap in overall Gross Domestic Product (GDP) between the United States and Europe has continued to widen. This highlights the importance of digital transformation. The digital economy is based on information and communication technology and represents all economic value. In the next 10 years, 70% of all new value created will be based on digital platform businesses. Web3 will play a key role in the development of these businesses, enabling the digital economy through a trust-based infrastructure.
Astar Network: Gelato Web3 Functions has been launched on zKatana test network
Astar Network announced on X platform that Gelato Web3 Functions is now available on the zKatana test network. Web3 Functions allows developers to execute on-chain transactions based on off-chain data.
People's Daily Overseas Edition: Hong Kong's financial technology development bursts with innovative vitality
The overseas edition of People's Daily published an article titled "Hong Kong's Financial Technology Development Bursts with Innovation". The article pointed out that there are already more than 800 fintech companies and over 3,900 start-ups in Hong Kong, with more than 10 unicorn companies establishing their headquarters in Hong Kong. Innovative companies, start-ups, and large financial institutions are actively adopting cutting-edge technologies such as artificial intelligence, blockchain, and digital payments. The Hong Kong Treasury Department has also announced a number of measures, including welcoming the cross-border use of digital renminbi, promoting applications and innovations related to virtual assets and Web3.0 in the real economy, and further improving the regulatory framework.
Blockchain investment hit $553 million last month
According to data from TheBlockPro, blockchain investment reached 553 million US dollars last month, involving 126 transactions. This indicates a 16% decrease in financing amount and a 20% decrease in transaction volume compared to September.
Şakir Ercan GÜL Advocates for Blockchain at TimeStamp Istanbul Investor Night
Former Deputy Minister of Treasury and Financial Inspection of Turkey, Şakir Ercan GÜL, recently addressed an esteemed gathering at 'TimeStamp Istanbul Investor Night', representing CoinTR and the Turkish populace. GÜL accentuated Turkey's enchanting natural scenery, rich historical tapestry, and vibrant multicultural scene. He emphasized the nation's dynamic stance on crypto technology and the efforts to bolster the financial market's competitiveness through blockchain since 2018. GÜL envisions blockchain as a cornerstone in Turkey's rapid digitalization, aiming to enhance financial services' efficiency and security, and paving the way for Turkey's significant stride in the digital economy. He concluded with heartfelt wishes for the guests to enjoy the Turkish hospitality and create lasting memories.
CoinMarketCap launches Web3 startup accelerator program CMC Labs
CoinMarketCap has introduced its Web3 startup accelerator program, CMC Labs. CMC Labs aims to propel Builders onto the global stage, providing selected projects with comprehensive courses, dedicated growth packages, and network mentors/investors.
SINOHOPE announces the launch of a one-stop Web3 product building solution for developers
According to official sources, on November 9th, SINOHOPE, a subsidiary of New Fire Technology Holdings Limited, officially launched a full-stack Web3 developer ecosystem solution. This solution provides developers with blockchain technology and infrastructure support for full-stack, including complete L1 public chain design, L2 OP/ZK expansion, DeFi/NFT/GameFi applications, MPC/AA wallet service integration, etc. It aims to meet the needs of developers to quickly build Web3 products with low thresholds, security, and convenience. It is worth mentioning that in addition to the Ethereum developer ecosystem, this solution expands its service scope to the Bitcoin ecosystem, which has greater space for developers to explore and innovate, and helps developers build industry-leading business applications on a more mature and convenient technological foundation.
Coin98 joins forces with OneID to launch “.c98” DID service
According to official sources on November 9th, Coin98 has integrated OneID into its latest versions of Coin98 Super Wallet and Coin98 Extension and launched a decentralized identity solution called ".c98" with the aim of providing Coin98 users with a better multi-chain experience.
OneID is a comprehensive identity solution that provides seamless and secure digital experiences for Web3 users through unified and decentralized identities (DID) across multiple blockchains. It aims to simplify access to different networks and manage Web3 identities, ultimately enhancing user convenience and confidence in the Web3 space.
