Alliance DAO Announces 8 Web3 Accelerator Projects
Alliance DAO announced 8 projects selected for the Web3 accelerator and builder community (ALL11), including fiat currency deposit and withdrawal channels Kravata, on-chain trading terminal Thunder, decentralized broadcast transmission network Blockcast, mobile application game Sleepagotchi, Cosmos ecological wallet Tailwind, decentralized lending protocol Tazz, Web3 full-stack security platform Upshield, and EVM-compatible Layer1 public chain Inco Network.
Web3 Growth and DAO Creation Platform Superdao Will Shut Down, With Plans to Return Remaining Funds to Investors
Superdao, a platform that provides growth and analysis tools for Web3 projects, has announced its closure, according to TechFlow news. The company was launched in 2022 with the aim of supporting Web3 projects. However, they believe that the scale of the cryptocurrency industry has not met their initial expectations, making it unlikely that providing tools specifically for cryptocurrency companies will achieve the expected returns.
European Venture Capital Fund EnigmaFund Launches “Web3 Evergreen Fund”
EnigmaFund, a European venture capital fund specializing in decentralized technology, artificial intelligence, and other fields, has announced the launch of the "Evergreen Web3 Focused Fund". The fund will be open to high-net-worth individuals and other investment funds for fundraising. The specific amount of financing has not been disclosed yet.
The French National Assembly passes the Sorare bill, denying the gambling attributes of crypto asset applications
French National Assembly passed the "Sorare Act" on Tuesday, introducing the first regulatory framework specifically for video games that use NFTs and cryptocurrencies. This law is part of the SREN digital space regulation law of the French National Assembly, with 561 members voting, of which 437 supported and 77 opposed the bill.
This law is called the "Jonum system", which refers to games that have monetizable digital items and aims to promote innovation for French startups while protecting users. This law defines "Jonum" for the first time, paving the way for possible new regulatory frameworks specifically for cryptocurrency games, making them different from gambling and traditional video games.
The passage of this law is seen as a positive development for the local cryptocurrency gaming industry. Previously, French regulatory authorities had stated that assets used in cryptocurrency games met three of the four criteria defining gambling and could be classified as gambling. However, the Jonum system stipulates that the French National Gambling Authority will supervise compliance, and users will be required to report their age when creating a cryptocurrency gaming account, but identity verification will not be required at registration.
Although this law has been passed by the National Assembly, it still needs to be reviewed by the Constitutional Committee, which has the power to review and possibly reject the bill. Some members still hope that the bill will be rejected, believing that it is more favorable to cryptocurrency games than to online gambling, which may lead to gambling platforms entering the Web3 field.
Samsung Electronics: Consider promoting Samsung blockchain wallet to South Korea
According to insiders on the 17th, Samsung Electronics aims to seize the Web3 market with its Galaxy smartphone platform. Last year, the company added a blockchain wallet to Samsung Pay and added the ability to monitor major exchange cryptocurrencies. The company is also researching the ability to trade cryptocurrencies directly from the Samsung blockchain wallet stored on local exchanges. Once implemented, users will be able to buy and sell cryptocurrencies by linking their Samsung blockchain wallet to accounts on Ubit, Bithumb, and other exchanges. A Samsung Electronics representative said, "We are also considering promoting it in Korea, and once it is finalized, we will announce it to the public." Samsung Electronics' investment division, Samsung Next, has invested in CryptoKitty-NBA Top Shot developer Daffer Labs, as well as cryptocurrency analysis company Messari and Story Protocol.
Web3 Operating Protocol dappOS Has Been Launched Online to Receive Rewards
Web3 operation protocol dappOS has launched a reward program, and the application period will end on November 17th. The dappOS ambassador tweeted to encourage interaction and reward collection. Community participants have the opportunity to receive rewards before the token is released, and it is said that the amount of rewards will affect future airdrop shares.
Japan New Economic Association: Current Cryptocurrency Tax System Is Causing “Promising Web3 Companies” to Leave Japan
As Japan continues to shift towards Web3 and cryptocurrency, some of the largest corporations have requested that the government reform cryptocurrency taxation. According to an official announcement from the Japan New Economy Association (JANE), the organization has submitted a tax reform proposal to Tokyo. JANE is calling on the government to "reduce tax rates" by 2024 to "encourage growth and increase tax revenue."
Web3 Infrastructure Spheron Completed US$7 Million in Financing in August 2022
Spheron, a Web3 infrastructure building tool, has started the second phase of its roadmap, with the main goal of solving user experience, security, and reliability issues in the Web3 infrastructure layer. Spheron revealed that it had completed a $7 million financing round in August 2022, with participation from Alphawave Ventures, NexusVP, Zee Prime Capital, Protocol Labs, ConsenSys Mesh, Paradigm Shift Capital, Matrix Partners India, Tykhe Ventures, Sandeep Nailwal, Aniket Jindal, and Julian Traversa.
Hong Kong’s “Cyberport Venture Capital Forum” Will Be Held From October 31 to November 1
In the face of the continued instability of the global economy and geopolitics, this year's annual Hong Kong "Cyberport Venture Capital Forum" (CVCF) has the theme of "Technology Innovation Leads Venture Capital Future", and was held from October 31 to November 1 in a hybrid form of "online + offline". The forum will bring together influential investors and entrepreneurs from around the world to explore the infinite opportunities, potential and hope hidden in the global economic recovery and emerging technologies such as Web3 and artificial intelligence.
Generative AI and Web3 Solution Cerebrum Tech Completes US$1.8 Million in Financing
On October 18th, Cerebrum Tech, a solution provider for generative AI, gaming, and Web3, announced that it has completed a $1.8 million funding round at a valuation of $15 million. Boğaziçi Ventures led the round with participation from Inveo Ventures Coinvestment.
