Hong Kong Government Establishes Web3 Development Task Force to Promote Ethical Growth
July 3 (Cointime) -The Hong Kong Government has established a Web3 Development Task Force to promote the growth of Web3 with a focus on ethical development. Comprised of 15 industry participants and 11 government officials, including the financial secretary, the task force aims to provide recommendations on the sustainable and responsible development of Web3 in Hong Kong.
Web3 Awareness Soars in South Africa Amid Data Privacy Concerns
July 2 (Cointime) - Web3 awareness is on the rise in South Africa, with 40% of the population familiar with the concept. This decentralized internet powered by blockchain technology is gaining traction, particularly as data privacy concerns grow. While 90% of South Africans consider online privacy important, half express faith in their current internet services.
Hong Kong Establishes Task Force to Guide Web3 Development with Focus on Ethics
July 2 (Cointime) - Hong Kong has formed a task force consisting of 15 industry participants and 11 government officials to oversee the development of Web3 and provide guidance on ethical aspects. The task force was established as part of Hong Kong's commitment to embrace the "megatrend" of Web3 development and aims to make Hong Kong a leader in the sector. The government's policy statement on the development of virtual assets in Hong Kong, issued in October 2022, has received a favorable response from the market, with over 80 virtual asset-related companies expressing interest in establishing their presence in Hong Kong. The Hong Kong Securities and Futures Commission (SFC) has also announced that it will soon allow licensed platforms to cater to retail investors, encouraging operators of virtual asset trading platforms to submit license applications.
Paradigm Venture Capitalist Affirms Commitment to Crypto After Website Controversy
July 1 (Cointime) - Venture capitalist Matt Huang criticized Paradigm's decision to remove crypto and Web3 mentions from its website, calling it "ridiculous." However, Huang took to Twitter to reassure the market that the firm is still dedicated to crypto. Paradigm's website made headlines after changes were made to the site's boilerplate, describing it as a "research-driven technology investment firm" instead of one that specifically invested in disruptive crypto/Web3 companies and protocols. Huang stated that he and co-founder Fred Ehrsam had a shared curiosity for the future, deep conviction in crypto, and a desire to advance the frontier of what's possible, and that they continue to invest in crypto and publish original research.
Andreessen Horowitz chooses London for first international outpost, praising UK's recognition of web3 potential
July 1 (Cointime) - Andreessen Horowitz has announced that it will open its first international office in London, citing the UK government's support for web3. With London already a hub for fintech innovation, the city has the potential to become a center for digital assets and web3 startups.
XHash: In the ETH 2.0 era, is non-custodial staking the right solution?
XHash is a Web3 infrastructure provider dedicated to building a stable, reliable and secure blockchain infrastructure to improve the user experience in Web3 development.
'For The Culture' Exhibition Celebrates Web3 and NFT Art in Paris
June 30 (Cointime) - Paris has long been the center of the traditional art industry and the arrival of NFTs in the city has caused excitement in the Web3 community. Artpoint, NFT Factory, and Punk6529 are collaborating on an exhibition called "For The Culture" which aims to celebrate Web3's unique subculture.
MELD Partners with Zeeve to Streamline Node Operation Process on Avalanche Subnet
June 30 (Cointime) - MELD has partnered with Zeeve, a Web3 infrastructure-as-a-service (IaaS) platform provider, to streamline its Node operation process. Zeeve's platform allows for easy onboarding of new Node operators for MELD, making it accessible for the community.
CoffeeSwap and Gate.io Announce Partnership to Revolutionize NFT Market
June 30 (Cointime) - CoffeeSwap and Gate.io have announced a partnership to revolutionize the NFT market and shape Web3. The two companies will work together to set new standards, drive innovation, and propel the growth of NFTs, creating a brighter future for crypto. The partnership brings new energy to the cryptocurrency market, increasing market participation and popularity.
Polkadot Decoded 2023 Conference Highlights Shift Towards Real-World Applications and Infrastructure Building in Web3
June 30 (Cointime) - Over 100 speakers and 100 blockchain projects attended the Polkadot Decoded 2023 conference, which focused on creating better interoperability between projects and refining cross-chain bridges. The conference discussed challenges and successes in transitioning traditional finance and Web2 companies to Web3, making VC funding more transparent, and improving the user experience by placing crypto jargon on the backend of DApps. The opening panel highlighted the potential for phygital NFTs and experiences in creative industries such as fashion, film, and music. Diesel is planning a phygital drop in September, reflecting the trend towards giving the community a VIP experience, while the importance of composability, interoperability, and building infrastructure for Web3 projects to thrive was emphasized.
