DUBAI, UAE, June 26, 2024 – (ACN Newswire) – The Internet Computer (ICP) blockchain has successfully tokenized more than $220 million worth of invoices in collaboration with InvoiceMate, a leading platform for invoice tokenization recognized by Deloitte. This achievement marks a significant advancement in decentralized finance (DeFi) and highlights the transformative potential of ICP’s blockchain technology in real-world assets (RWAs).
ICP’s decentralized network, known for its scalability, security, and interoperability, is the key driver of its success. Its innovative architecture provides an ideal ecosystem for the tokenization of real-world assets, revolutionizing traditional finance. Over 1,850 businesses have benefited, with more than 101,000 invoices tokenized, demonstrating ICP’s capacity to handle large-scale financial processes efficiently and securely.
InvoiceMate, in partnership with ICP, transforms traditional invoices into digital assets, empowering SMEs globally. “InvoiceMate is proud to collaborate with ICP in tokenizing over $220 million worth of invoices,” said Muhammad Ibrahim, head of Web3 and innovation at InvoiceMate. “This milestone underscores our commitment to driving innovation in finance and empowering businesses of all sizes.”
Supported by the Dfinity Foundation, ICP is a decentralized network protocol that revolutionizes the internet by providing a scalable, secure, and interoperable platform for blockchain-based applications. Its architecture allows for the seamless tokenization of real-world assets, unlocking new possibilities for DeFi and financial inclusion.
About InvoiceMate
InvoiceMate is the decentralized infrastructure for invoice financing that connects conventional businesses with Web3 investors via invoices as RWAs. With a focus on innovation and transparency, InvoiceMate leverages blockchain technology to revolutionize traditional finance and drive sustainable growth for SMEs worldwide. For more information, visit invoicemate.tech.
Crypto Valley, Switzerland, June 21, 2024 – (ACN Newswire) – The Swiss WEB3FEST 2024 has concluded with outstanding success, setting new benchmarks in the world of blockchain and WEB3 innovation. From June 5-13, 2024, the event brought together an impressive 4500 attendees, 200 speakers, and 50 exhibitors across 28 events. Some highlights of the festival was the participation of Edward Snowden and the Crypto Valley Visionaries list, honoring the pioneers and innovators of the blockchain space. This year’s festival was embedded around the pivotal Crypto Valley Conference in Switzerland, combining several ecosystems and welcoming both national and international guests and speakers from all over the world.
Event Highlights:
One of the major highlights of the Swiss WEB3FEST 2024 was the fireside chat with Edward Snowden and Brittany Kaiser at SHED Zug. Snowden, the world-famous whistleblower, joined via video link for a 2-hour discussion on Friday and a 30-minute keynote at the Unconference on Saturday. He discussed data sovereignty, digital privacy, and the role of blockchain in decentralizing power and enhancing privacy. Snowden emphasized, “Not individuals, but large tech companies and state authorities now possess the right to privacy,” highlighting the critical need for blockchain technology in protecting digital rights. This session offered unique insights from two leading figures in the realm of digital security.
Additionally, the Unconference, held at the FIVE Hotel in Zurich, was another standout with six different areas, each with its own stage,agenda and presenting projects. This dynamic setup fostered in-depth discussions and hands-on experiences across AI, NFTs, the metaverse, gaming, finance, tokenization, and more on the Web3 space.
Lastly, the Sustainability Day, co-hosted by DFINITY, was another impactful day in which industry leaders showcased their initiatives towards a greener future.. This event underscored the importance of green blockchain initiatives and sustainable corporate practices, emphasizing the positive impact of blockchain technology on the environment.
Recap of Key Sessions:
Investor Brunch: Partnered by Animoca Brands, VNTR and Outlier Ventures, this event set the stage for impactful discussions on investment and innovation in the WEB3 space.
Protocol Roundtable: An exclusive luncheon for layer-1 blockchain leaders, fostering collaboration and networking.
Future of Protocols Sessions: Engaging keynotes and panels featuring industry leaders like Mihai Alisie (Akasha), Dominic Williams (DFINITY), and Lily Liu (Solana Foundation).
Corporate Innovation Day: A summit focusing on blockchain’s transformative effects on finance, impact, and consumer engagement, held at Decentral House in Geneva.
Looking Ahead:
The success of the third edition of the Swiss WEB3FEST sets the stage for future editions around the globe. We are excited to announce the UAE WEB3FEST, scheduled for October 2024, and the second Swiss WEB3FEST Winter Edition in January 2025. The upcoming events will continue to drive innovation, collaboration, and growth in the global WEB3 ecosystem, while demonstrating their impact and contribution to attendees
Join the next editions and contribute to reshape the future of WEB3
Whether you are a tech veteran or a curious newcomer, there is something for everyone at the WEB3FEST.
For more information on tickets, participation, or sponsorship opportunities, please visit www.web3fest.ch
Some example material from our event-series, reach out to us if you have specific needs.
WEB3FEST is a biannual series of events designed to showcase the core themes of WEB3, shaping the future of the internet’s next generation. It covers a comprehensive range of topics such as AI, blockchain, digital assets, cryptocurrencies, gaming, sustainability, IoT, metaverse, NFTs, and more. The festival offers a platform to foster innovation, advance networking, and engage with the latest technological advancements, making it a must-attend event in the global tech calendar.
About Crypto Valley
Located in Switzerland and Liechtenstein, Crypto Valley is one of the world’s leading ecosystems for blockchain and cryptographic technologies. It is a thriving hub of innovation and collaboration, attracting entrepreneurs, tech enthusiasts, and global leaders looking to reshape industries and revolutionize business practices.
About Crypto Oasis
The Crypto Oasis is the largest WEB3 ecosystem in the world focused on the Middle East and Africa region and is supported by initiators of the Crypto Valley Switzerland. The core elements needed for its development are Talent, Capital, and Infrastructure. The Ecosystem’s stakeholders include Investors & Collectors, Start-Ups & Projects, Corporates, Education & Research Institutions, Service Providers, and Government Entities & Associations. Crypto Oasis is the leading Blockchain ecosystem in the world. Today it is the fastest growing, with more than 2,040 blockchain-related organisations in the UAE alone.
Swiss NFT Association
The Swiss NFT Association is the go-to educational hub for NFT expertise and thought leadership. The Association serves as a knowledge space; it is the primary resource for all matters concerning NFTs, actively curating quality content and building a thriving community.
ONTARIO, CA, June 20, 2024 – (ACN Newswire) – GDA Capital and Coinweb are excited to launch the “Next Top Blockchain Startup” Competition for Summer 2024, and with multiple developer tracks from blockchain infrastructure partners. The competition boasts an impressive prize pool of $200,000 USD, with more prizes likely to be secured leading up to the event. Over the four weeks of July, entrepreneurs will benefit from an educational program designed to build thriving businesses and will have the opportunity to secure vital funding by pitching their business in a live case competition setting.
The Next Top Blockchain Startup represents a route for new development teams to gain not only funding but also exposure to essential industry relationships and educational content. It is supported by leading protocols, organizations, investors, and a broad network of mentors from academia, enterprises and developer communities from all over the world.
“Guiding the next generation of blockchain entrepreneurs from ideation to realization is more than a mission; it’s a necessity for the industry’s evolution. GDA Capital is proud to be at the forefront of this transformative journey, and to host this initiative that I wish existed while I was at university, and was looking to get more immersed into the international blockchain community” states Michael Gord, Founder and CEO of GDA Capital.
“It is events like these that truly push the industry forward. We at Coinweb are eager to showcase the untapped potential residing within our community, setting the stage for the natural evolution of the internet,” says Toby Gilbert, Co-Founder & CEO of Coinweb Labs. Coinweb Labs, the core contributor of The Coinweb Protocol, the Layer 2 cross-chain protocol, has recently announced a $10M grant for startups building on the platform and has offered a portion of this grant to fuel the event.
This year’s competition revitalizes the industry challenge segment with exhilarating new tracks led by forefront companies in the blockchain space:
Interoperability by Coinweb
Decentralized Cybersecurity by Naoris
Revolutionary Asset Management with the ERC-7621 Basket Token Standard by Alvara Protocol
Web3 Competitive Gaming by Moxy
AI Future by a global AI Web3 Launchpad
POGE (Proof Of Green Energy) Mining/Blockchain by SolarX
The Next Top Blockchain Startup competition has also partnered with key institutions within the blockchain space, including the Blockchain Education Network, one of the most established bridges between top universities and the Web3 industry. The focus on partnering with these institutions is to bring participation from the brightest young minds around the world, and to inspire the next generation of builders to focus on building web3 applications.
To get involved in this competition as a participant, sign up for free on Devpost.
To get involved as mentor, judge, business partner, sponsor, or investor, reach out to info@nexttopblockchainstartup.com, or directly on twitter.
About GDA Capital
GDA Capital is a leading provider of digital asset investment and capital markets advisory services, specializing in global go-to-market strategies, investor relations, corporate development, community building, and tokenomics. With a team experienced in bringing new technologies to market, GDA Capital plays a significant role in the global digital asset ecosystem.
About Coinweb
The Coinweb Protocol is a groundbreaking Layer 2 cross-chain computation platform that uniquely combines Scalability with Interoperability, setting new standards in the blockchain industry. It enables the seamless operation of decentralized applications across multiple blockchains, effectively merging them into a unified ecosystem.
Blockpass is excited to reveal a brand new solution that is being offered to Web3 companies who are utilizing the potential offered by node sales. Running a node sale is an increasingly popular method for developing modular blockchains and Blockpass is now providing an extensive KYC solution customized to meet the specific demands required by node sales.
Blockpass, the Safe Network for Crypto™, has pioneered reusable identities and crypto-native KYC/AML solutions. Its turnkey suite of compliance tools is designed to lower onboarding costs, automate remediation, prove humanity and protect against malicious actors, fraudulent activities, bots, and AI. Businesses can set up services quickly, test them for free, and start verifying users. With around one million verified identity profiles, Blockpass facilitates instant onboarding, and to date over a thousand businesses have taken advantage of this opportunity to benefit from Blockpass’ compliant network. More information about Blockpass’ Node Sale KYC solution is available at https://www.blockpass.org/node-sale-kyc/.
Node sales involve issuers pre-selling license keys to the community and investor base, usually in the form of an NFT. After the sale is complete, users have to undergo a KYC/KYB process to have the NFT issued to their wallet as a license key which then allows the node operator to start validating transactions and receiving mining rewards. Now with this comprehensive KYC solution, specifically designed for node sales, Blockpass simplifies the compliance process involved in this, ensuring that all participants are verified and meet the necessary regulatory requirements with ease and efficiency. Compliance requirements vary based on the issuer’s jurisdiction and Blockpass is ideally placed to navigate these with years of compliance experience and consistent monitoring of regulatory updates. Some projects may have separate workflows for individuals or companies from high-risk jurisdictions to assess the source of funds, source of wealth, or other Enhanced Due Diligence methods. Blockpass is perfectly situated to cater for these aspects of node sales without issue.
“Crypto and blockchain continue to develop and at Blockpass we make sure to be ahead of the curve when it comes to both ecosystem changes and government-enforced regulations,” said Adam Vaziri, Blockpass CEO. “Methods of funding development are crucial for the brilliant minds who continue to innovate in this space and we’re here to make sure that they can do so in a legitimate, safe and efficient manner.”
Blockpass has already begun providing this exciting new service to businesses at the cutting edge of blockchain development. By integrating this new solution crypto companies are able to avoid falling foul of compliance guidelines and bad actors, and the ecosystem can expand free from the risk of fraud. You can find out more about Node Sale KYC at https://www.blockpass.org/node-sale-kyc/.
About Blockpass Ditch tedious onboarding and say hello to seamless compliance with Blockpass, the ultimate turnkey solution for KYC, KYB, and AML. Experience the market’s most efficient and cost-effective compliance suite, built by seasoned compliance veterans and crypto-natives. Automate compliance processes, eradicate fraud, and onboard globally with confidence. Verify businesses worldwide, launch bank-grade verification for your organization, and instantly activate compliant KYC/AML for DeFi, exchanges, token launchpads, NFT mintings and beyond. Through Blockpass’ decentralized network of a million pre-verified crypto-enthusiasts and a thousand pre-verified businesses, you can expand your reach effortlessly. Leverage Advanced KYC Bot™ for intelligent remediation, On-Chain KYC® for data-free anonymity, and Unhosted Wallet KYC™ to meet Crypto Travel Rule regulations. Join Animoca Brands, Cardano, Polygon, Chainlink, Delta Exchange, National Geographic, TinyTap, Seedify, ChainGPT, Iskra and many more in partnering with Blockpass – The Safe Network for Crypto™ – for compliance you can trust, growth you can accelerate and an experience you can enjoy. Join the cutting edge of secure, streamlined onboardings.
The Hashgraph Association, a Swiss-based association and leader at the forefront of digital enablement on the Hedera network, today announces the launch of a groundbreaking Sustainability Venture Studio for Enterprises, in collaboration with Inacta Ventures, a renowned Swiss and UAE Web3 venture builder.
Under The Green Block Initiative, a global think tank and launchpad for sustainability projects launched during COP28 in UAE, the joint Sustainability Venture Studio aims at empowering sustainable projects around the globe, leveraging the Hedera Guardian as the balance sheet of the planet that enables fair carbon markets with industry leading trust and transparency.
The Hedera Guardian is an open-source platform that uses the Hedera distributed ledger technology (DLT) network to enable digital sustainability policies and requirements-based dMRV (Digital Measurement, Reporting, and Verification) tokenization for carbon credits and reduces fraud in the ESG market.
The $50 million Sustainability Venture Studio will focus on enabling auditable climate finance transactions that are easily verifiable, publicly transparent, and accurate. This global co-investment sustainability program will span over the next five years, with The Hashgraph Association investing $25 million, contributing to 50%, while the remaining $25m co-investment reserved for enterprises interested in developing sustainability use cases on the Hedera Guardian.
By combining resources and specialist expertise in sustainability and Web3, this unique partnership is set to revolutionize the way sustainability projects are funded and executed around the world, ensuring a long-term positive environmental, social, and governance (ESG) impact.
Kamal Youssefi, President of The Hashgraph Association stated, “With The Green Block Sustainability Venture Studio, we are creating standards for reporting sustainability assets to ensure credibility and accuracy using the Hedera Guardian platform as the balance sheet of the planet, while leveraging the Hedera network as the world’s greenest distributed ledger network.”
He added, “We look forward to further growing the global ESG ecosystem that is being built on the Hedera Guardian, introducing certainty, credibility, and comparability of data.”
Ralf Glabischnig, Founder of Inacta Ventures, noted, “We are thrilled to integrate the Sustainability Venture Studio into The Green Block Initiative. This collaboration with The Hashgraph Association will accelerate the development and implementation of sustainable projects in The Green Block ecosystem worldwide.”
Hedera, known and proven as the greenest DLT in the market, according to the UCL Centre for Blockchain Technologies research paper, continues to uphold its promise of sustainability. This new venture studio focused entirely on sustainability use cases not only reflects its commitment through developing various projects but also paves the way for innovative solutions in the sustainability sector.
About The Hashgraph Association (THA)
The Hashgraph Association is at the forefront of the digital enablement and empowerment of organizations through the broad adoption of Hedera-powered enterprise-grade solutions and decentralized applications, including funding training, innovation, and venture building programs globally. As a non-profit organization headquartered in Switzerland, The Hashgraph Association supports and funds innovation, research, and development that enables economic inclusion and a digital future for all, with a positive environmental, social, and governance (ESG) impact. For further information about The Hashgraph Association, visit www.hashgraph-association.com.
Inacta Ventures is at the forefront of the WEB3 revolution, building on three key pillars: Ecosystem Development, Venture Building, and Smart Capital. As a leading venture builder and network enabler, we specialize in connecting startups and corporates to unlock the potential of WEB3 technologies. Based in the dynamic ecosystems of Crypto Valley in Switzerland and Crypto Oasis in UAE, we provide the essential resources and expertise to build, deploy, and scale breakthrough WEB3 products, enabling enterprises and our 100+ portfolio companies to unlock their potential.
The Green Block is an initiative to create an Ecosystem for Environmental, Social, and Governance (ESG) related Blockchain projects and platforms which include Blockchain and AI technologies. The Ethos of the Green Block is to create a landscape that helps showcase, promote and flourish Web3 initiatives in the Environmental, Social and Governance (ESG) field for sustainability. This initiative took root along with the road to COP28, and transformed into a bigger and more global scale by June 2024.
The $Bobby Politifi Meme Token, trading on Uniswap under the ticker $BOBBY, has announced its highly anticipated relaunch at Consensus 2024 (29-31 May, 2024, Texas, USA).
The official launch event took place on May 29, 2024, marking a new chapter for the token that has rapidly evolved from a meme coin into a powerful movement supporting Kennedy’s beliefs and his fight for crypto’s future.
$Bobby is more than just a token; it is a movement that resonates with the ideals of independence in the face of a captured, secretive, and centralized government — a cause championed by independent presidential candidate Robert F. Kennedy Jr.
AT CONSENSUS…
The $Bobby token has sponsored Kyle Kemper’s Kennedy24 bus, which will be parked in front of the Consensus event venue. The team, with Kyle at the fore, will be handing out Kennedy24 and $Bobbymerchandise to the event’s crypto-enthusiast attendees, and are planning a few other surprises.
THE JOURNEY SO FAR…
The $Bobby Token originally launched at ETH Denver under the name RFKJ, and hit an ATH earlier this year with a $35m market cap. Based on community feedback, it has been rebranded and is relaunching using the name ‘Bobby’ by which Kennedy is affectionately called by his friends, family and supporters. This strategic move underscores the project’s commitment to listening to its community and evolving to better meet its needs and aspirations.
In a market crowded with political meme coins, the $Bobby Token stands out by having real substance behind it. They have already donated almost $100,000 to Kennedy-aligned causes, they churn out some of the most viral Kennedy content online, and are becoming a leading figure in pro-Kennedy social media circles – with over 1M views on their socials last month alone.
Kennedy has frequently articulated his support for cryptocurrencies, highlighting their potential to combat inflation and provide independence from government and monopolistic banking systems.
“Cryptocurrency takes control away from the government and from the monopolistic banking system, which uses money printing to shift wealth upward to the oligarchy of billionaires while impoverishing regular Americans,” Kennedy recently remarked.
And he asserted in a recent tweet that “Cryptocurrency is the off-ramp for our addiction to the Federal Reserve. It’s the best hedge against inflation.”
KYLE KEMPER JOINS AS ADVISOR
Kyle Kemper, a renowned figure in the cryptocurrency space, has joined the $Bobby Token team as an advisor. With over a decade of experience in cryptocurrency, Kemper is poised to bring his extensive knowledge, creativity, and passionate advocacy to the $Bobby Token.
His involvement is expected to drive community development and global awareness through innovative crypto solutions. Kemper was recently interviewed on TheTucker Carlson network, where he speaks, among other things, about fighting for freedom and how a more involved population by integrating society in decision making can be enabled through blockchain.
“I am excited to join the $Bobby team as an advisor,” said Kyle Kemper. “I believe that this token has the potential to drive community development, raise global awareness, create engaging memetic content, and make a significant impact through donations to causes in need. The vision behind $Bobby aligns perfectly with my own beliefs about the power of decentralization to effect positive change…and it’s fun!”
About $Bobby Politifi Meme Token
$Bobby Politifi Meme Token is a cryptocurrency designed to harness the power of community, memes, and blockchain technology to drive independence. Trading on Uniswap under the ticker symbol BOBBY, the token focuses on community development, global awareness, and impactful donations. Originally launched at ETH Denver as RFKJ, the token has been rebranded and relaunched at Consensus Texas 2024 to better align with its community and be more fun.
The $Bobby Token is more than just a cryptocurrency; it is a movement. By leveraging the power of memes and the blockchain, $Bobby aims to foster a vibrant community, amplify important causes, and provide substantial support through impactful donations. The token’s relaunch marks a new chapter in its journey, with Kyle Kemper’s advisory role set to enhance its strategic direction and outreach.
Media contact: Plato Data Intelligence PlatoAiStream.com Zephyr@platodata.io
The Universal Tech Expo 2024, set to be the most transformative technology event of the year, will take place on August 23-24 at the prestigious NUSTAR Resort & Casino in Cebu City, Philippines. This international event, organized by Knowlex, will bring together the brightest minds from around the globe to explore advancements in Blockchain, Forex, Fintech, Web3, AI, eSports, eGaming, and Cybersecurity.
Our MISSION is to bring together the brightest minds in digital technology to foster innovation, collaboration, and growth. We aim to create a platform where the latest advancements in Blockchain, Forex, Fintech, Web3, AI, eSports, eGaming, and Cybersecurity are not just discussed but experienced firsthand. Our goal is to inspire attendees, from industry professionals to aspiring students, to push the boundaries of what’s possible in the tech world.
A Global Confluence of Innovation
Designed to be a melting pot of innovation, the Universal Tech Expo will offer a unique blend of insightful keynotes, interactive workshops, and cutting-edge technology showcases. It promises to be a crucial platform for networking, learning, and sharing the latest technological advancements.
Why Cebu, Philippines?
The choice of Cebu as the host city aligns with the Philippines’ rising status as a tech hub in Southeast Asia. Known for its vibrant culture and burgeoning tech scene, Cebu offers the perfect backdrop for an event of this caliber. The Philippine government’s support further reinforces the city’s commitment to embracing and advancing technology.
Event Highlights
Keynote Speakers and Thought Leaders – Renowned figures from each industry will share their insights and experiences, providing a comprehensive overview of the future landscape.
Panel Discussions – Interactive sessions featuring industry experts will encourage dialogue, idea exchange, and audience engagement.
Exhibition Zone – Cutting-edge technologies, products, and services from leading companies will be showcased, allowing participants to explore firsthand innovations across various sectors.
Interactive Demonstrations and Startup Showcases – Witness live demonstrations and discover groundbreaking startups poised to revolutionize their industries.
Networking Opportunities – Business matchmaking and industry networking events will foster collaborations and partnerships, leading to potential business ventures.
Epic Afterparty and Closing Gala – Celebrate the achievements and contributions of participants, with awards for outstanding technological innovations and government contributions.
For Our Sponsors
The Universal Tech Expo offers a range of sponsorship opportunities, providing unparalleled brand visibility and engagement with a global audience. Sponsors will gain access to a diverse group of tech professionals, media, and business leaders.
About Knowlex
Embarking from a robust foundation in the UK and Europe, Knowlex extends its wings into the MENA region, aspiring to weave a seamless tapestry of experiences across the Blockchain, Forex, and Healthcare Expo segments. Our journey is illuminated by the presence of industry pioneers, wielding cutting-edge knowledge and insights into pertinent markets.
At Knowlex, our essence is encapsulated in our ability to curate vibrant platforms for training and networking, all while riding the wave of the most recent trends and technological advancements. Our dedication is unwavering, committed to orchestrating unparalleled events with a steadfast focus on reliability, exemplary customer service, and a unique flair that distinguishes us in the realm of event management.
Quote from Event Organizer
“We are excited to bring the Universal Tech Expo to Cebu and offer a platform for the tech community to come together. The expo is more than just an event; it’s a catalyst for innovation and collaboration,” said Dwain Elias, Head of Event at Knowlex.
Join Us in Cebu
The Universal Tech Expo is set to be a transformative event, bringing together a diverse group of professionals and enthusiasts from the finance and technology sectors. Don’t miss the chance to be part of this groundbreaking convergence of industries.
For more information and to register, please visit www.universal-tech-expo.com or contact us at info@universal-tech-expo.com.
Media Contact
Min Khant Aung @ Oliver Marketing Specialist Knowlex +971 55 573 2365 Oliver@knowlex.ae
Paw Pro GmbH, a leader in Pet Health, is thrilled to announce a $1.5 million partnership with Health Reasoning, a pioneer in Healthcare AI and tokenization. This strategic collaboration aims to develop and deploy an innovative Web3 platform featuring the revolutionary Treats token and redeemable NFTs.
The partnership highlights the growing synergy between Paw Pro’s vision for enhanced customer engagement and Health Reasoning’s expertise in blockchain technology. This collaboration is poised to deliver a state-of-the-art digital ecosystem that will redefine user interaction and reward mechanisms within Paw Pro’s community.
Platform Features:
Treats Token: A blockchain-based utility token designed for transactions, rewards, and incentives within the Paw Pro ecosystem uniting all pet lovers. Detailed information about the Treats token will be available in an upcoming white paper.
Redeemable NFTs: Unique digital assets that users can acquire, trade, and redeem for various rewards, enhancing user engagement and loyalty.
“We are excited to partner with Health Reasoning to bring cutting-edge blockchain technology to our platform,” said Katrina Graue, CEO of Paw Pro GmbH. “This collaboration will not only enhance our service offerings but also provide our users with innovative ways to interact with and benefit from our ecosystem.”
“Health Reasoning is thrilled to join forces with Paw Pro GmbH in this transformative project,” said Damon Spiceland, CEO of Health Reasoning. “Our expertise in AI and Blockchain technology combined with Paw Pro’s vision for customer engagement will set a new standard in the industry.”
This partnership underscores Paw Pro’s commitment to leveraging advanced technologies to provide unparalleled value to its users. The development and integration of the Web3 platform will begin immediately, with the first phase of the project expected to launch this summer.
Paw Pro GmbH is a leading innovative company in bacteria-based nutrition supplements for dogs, dedicated to improving the well-being of pets through advanced solutions and exceptional care. At PawPro, we offer natural and chemical-free pet supplements, especially created to protect pets, helping them strengthen their immune system for a long, happy life. Our patented combination of elements, sourced from the highest quality ingredients, ensures that our products are unique and highly effective. We produce our supplements at a state-of-the-art medical research center in Germany. Paw Pro’s vision is to become one of the leading pet supplement brands in the market, meeting and exceeding the standards of our clients by providing them with healthy and natural products for their pets. We aim to protect dogs, supporting their natural immune system and improving their lifestyle as a result.
About Health Reasoning
Health Reasoning is a pioneering company in Healthcare, specializing in blockchain and artificial intelligence solutions that drive transformation and efficiency. Health Reasoning’s mission is to harness the power of blockchain technology to create secure, transparent, and user-centric digital ecosystems.
Blockpass and Saakuru are excited to reveal their new partnership, which sees the two-layer Web3 solution benefit from Blockpass’ proprietary verification services, allowing Saakuru’s users to engage with its revolutionary, frictionless blockchain and developer suite in a safe, regulated manner.
Saakuru is a consumer-centric layer-2 protocol with zero transaction fees, powered by $SKR. The platform is enhanced with the Saakuru Developer Suite which enables apps to be embedding Web3 solutions in as little as a single day. These innovative developments enable users to benefit from all the benefits of Web3 without the transaction fees and UX limitations that typically plague an ecosystem. With public-permissioned gas-less L2 blockchain boasting no transaction fees, and a comprehensive developer suite that includes token contract tools and embedded wallets, Saakuru facilitates a seamless and cost-effective transition from Web2 for developers and newcomers alike.
Blockpass, known as “Web3’s OG Identity Verifier,” has pioneered reusable identities and crypto-native KYC/AML solutions. Its turnkey suite of compliance tools is designed to lower onboarding costs, automate remediation, prove humanity and protect against malicious actors, fraudulent activities, bots, and AI. Businesses can set up services quickly, test them for free, and start verifying users. With around one million verified identity profiles, Blockpass facilitates instant onboarding, and to date over a thousand businesses have taken advantage of this opportunity to benefit from Blockpass’ compliant network.
“As the cryptocurrency landscape becomes increasingly regulated, leveraging Blockpass’ verification solutions is crucial for maintaining compliance and ensuring the integrity of our platform. Utilizing Blockpass for developer verification within the Saakuru Protocol is essential not only for securing our ecosystem but also for maintaining transparency. This partnership underscores our commitment to building a reliable and government-friendly platform by adhering to necessary regulations and minimizing the risk of scams in public permissionless blockchains. Soon, the Blockpass solution will be integrated into Saakuru’s self-service portal, ensuring that each company and developer is thoroughly reviewed before they are allowed to launch products on our platform.” said Jack Vinijtrongjit, CEO of Saakuru Labs.
“Saakuru are tackling some of the key issues with the world’s transition to Web3 and we’re delighted to be able to provide our regulatory services to ensure both Saakuru and its users are protected by comprehensive, seamless and fast verification.” said Adam Vaziri, Blockpass CEO. “Saakuru understands the importance of compliance and the central truth that verifiable identities are the core to enabling a future where everyone can interact and exchange in a trusted environment.”
Through this integration, people looking to engage with the economic opportunities that crypto, blockchain and Web3 bring can do so in a manner that is not only safe from malicious actors, but faster, simpler and more user-friendly than other solutions may provide, ensuring that the widest audience can benefit from the potential it brings.
About Blockpass Ditch tedious onboarding and say hello to seamless compliance with Blockpass, the ultimate turnkey solution for KYC, KYB, and AML. Experience the market’s most efficient and cost-effective compliance suite, built by seasoned compliance veterans and crypto-natives. Automate compliance processes, eradicate fraud, and onboard globally with confidence. Verify businesses worldwide, launch bank-grade verification for your organization, and instantly activate compliant KYC/AML for DeFi, exchanges, token launchpads, NFT mintings and beyond. Through Blockpass’ decentralized network of a million pre-verified crypto-enthusiasts and a thousand pre-verified businesses, you can expand your reach effortlessly. Leverage Advanced KYC BotTM for intelligent remediation, On-Chain KYC® for data-free anonymity, and Unhosted Wallet KYCTM to meet Crypto Travel Rule regulations. Join Animoca Brands, Cardano, Polygon, Chainlink, Delta Exchange, National Geographic, TinyTap, Seedify, ChainGPT, Iskra and many more in partnering with Blockpass for compliance you can trust, growth you can accelerate and an experience you can enjoy. Join the cutting edge of secure, streamlined onboardings.
About Saakuru Saakuru is a consumer-centric L2 Protocol with Zero Transaction Fees enhanced with Saakuru Developer Suite that enables embedding complex digital products to Web3 in 1 day. The powerful and developer-friendly product suite centered around the Saakuru blockchain allows cost-efficient and seamless connectivity from Web2 to Web3.
Saakuru’s ultra-fast block time allows developers to seamlessly run on-chain applications, like MMORPG games, delivering an authentic multiplayer experience. Furthermore, it enhances the user experience by entirely removing gas fees, making it especially user-friendly for those new to Web3.
Crypto Oasis proudly presented the an update on the ever-evolving UAE blockchain ecosystem during the second edition of Dubai FinTech Summit 2024. Over the past year, The number of active companies has surged from 1,800 to 2,040, marking a significant 13.3% YoY increase. This growth is a testament to the robustness and innovation within the industry, which now has over 10,600 professionals, with a healthy mix of 71% native Blockchain organizations and 29% non-native companies contributing to the ecosystem.
The UAE Ecosystem proves to be a hub for innovation and a magnet for attracting talent with over 10,600 individuals now working in the space.
Key Highlights:
Active companies within the ecosystem surged by a significant 13% year-on-year, reaching a staggering record of 2,040 organizations.
Marked increase in the industry workforce, with over 10,600 individuals working in the Blockchain space.
Regulatory clarity drives crypto industry growth as major global names such as Binance, Bybit, and OKX receive Virtual Asset Service Provider (VASP) licenses from VARA.
Within the vibrant UAE blockchain ecosystem, a diverse array of organizations contributes to its continuous success. Traders, brokers, and asset managers form a significant segment, accounting for 20.6%. Close behind, 19.9% are dedicated to technology and advisory services. NFT platforms represent 6.9%, while venture capitalists (VCs) make up 5.3%. The metaverse has a growing presence with 3.7%, and Web3 gaming initiatives account for 3.1%. Additionally, tokenization platforms are carving out a niche, representing 1.5% of the Blockchain organisations in the country.
The past year has been pivotal for the UAE blockchain space, with notable developments that have solidified its position as a global leader in blockchain innovation and disruption. VARA, the Virtual Asset Regulatory Authority, has demonstrated a commitment to responsible growth and intends to secure the market’s integrity. Regulatory tailwinds have helped establish the region as a welcoming hub for blockchain enterprises.
Binance, Fasset, Hex Trust, Komainu and OKX are among the global crypto service providers to receive the VASP (Virtual Asset Service Provider) license from VARA last year. Regulatory milestones include, Aquanow, Bybit, Crypto.com and Deribit receiving preliminary licenses from VARA.
Throughout 2023, the UAE has seen a significant increase in cryptocurrency adoption, reinforcing its status as a burgeoning centre for digital finance. The XRP token from Ripple has been approved under the Dubai Financial Services Authority (DFSA) and Iota, an open-source distributed ledger focused on the Internet of Things (IoT) announced the creation of the Iota Ecosystem DLT Foundation in Abu Dhabi Global Markets (ADGM). Furthermore, the launch of the Dubai Web3 and AI Campus at the DIFC last year has positioned the UAE at the forefront of technological convergence, attracting talent and investment from across the globe.
Other blockchain-related news that shows the ecosystem’s remarkable growth trajectory is the fact that the UAE-based Bitcoin miner Phoenix Group became the first crypto-related firm to go public on the Abu Dhabi Securities Exchange at the end of 2023. DFINITY, a Layer 1 protocol, set up their regional hub, ICP.Hub GCC, is an initiative to provide an access point for projects and developers in the region into the Internet Computer Protocols Ecosystem.
The UAE has also become home to landmark blockchain events like Ripple Swell and Cardano Summit in November last year, underscoring the country’s status as a premier destination for global Blockchain discourse. TOKEN2049, a global conference series, had a premier blockchain event in Dubai in April this year with over 400 side events and over 20,000 attendees. The Dubai AI & Web3 Festival planned for September 11-12, 2024 will be another feather in the cap of the city, as it posed to attract top global thought leaders to discuss the future of the Web3 and AI industry.
Ralf Glabischnig, co-founder of the Crypto Oasis said: “The Crypto landscape in the UAE and Middle East region is the fastest growing ecosystem worldwide. The government is doing for Blockchain what Silicon Valley did for tech. This past year has been nothing short of phenomenal for the Crypto Oasis Ecosystem. The surge in companies and talent underscores the UAE’s commitment to fostering a vibrant blockchain and Web3 environment. We’re excited to witness the continued growth and innovative solutions emerging from this dynamic ecosystem.”
With a talented workforce and a commitment to innovation, the Crypto Oasis is poised to continue its exceptional progress. The Dubai FinTech Summit was a prime opportunity to witness the UAE’s flourishing Blockchain ecosystem firsthand and to present the growth numbers of the ecosystem.
About Crypto Oasis
The Crypto Oasis is the largest Web3 ecosystem in the world focused on the Middle East and Africa region and is supported by initiators of the Crypto Valley Switzerland. The core elements needed for its development are Talent, Capital, and Infrastructure. The Ecosystem’s stakeholders include Investors & Collectors, Start-Ups & Projects, Corporates, Education & Research Institutions, Service Providers, and Government Entities & Associations. Crypto Oasis is the leading Blockchain ecosystem in the world. Today it is the fastest growing, with more than 2,040 blockchain-related organizations in the UAE alone. www.Cryptooasis.ae
For more information contact: Faisal Zaidi Crypto Oasis faisal@Cryptooasis.ae +971552000840
