Don’t just watch the movie star, become the movie star!
Fourth Star, the cutting-edge virtual reality immersive media streaming platform, is officially available to the public. This innovative platform transforms traditional entertainment by enabling users to seamlessly watch standard 2D, 180 and 360 immersive media content and movies. Fourth Star redefines how audiences engage with immersive storytelling, offering an unparalleled first-person centric perspective on entertainment.
https://youtu.be/1qJvsRAJSr4
“Fourth Star is more than just a platform – it’s a revolution in entertainment,” said Greg Simon, Co-Founder & CEO of Fourth Star. “We’ve created an immersive experience where users can not only consume content but also actively participate in it. Our vision is to transform how people experience media content and movies in a way that has never been done before.”
A New Era of Interactive Entertainment The largest immersive media streaming platform available on Sidequest, users can explore nearly forty unique environments, interact with AI-driven crew, and experience entertainment in an entirely new way. Fourth Star offers a groundbreaking approach to digital engagement, whether socializing in the Cafe, customizing avatars in private Apartments or Ships, or stepping directly into a movie’s storyline.
“The combination of VR, AI, and blockchain in Fourth Star sets a new standard for immersive entertainment,” said Craig Wiltshire, CTO of Fourth Star. “Our vision is to seamlessly integrate all three technologies into the user experience. We are redefining the entertainment experience from passive observation to active creation.”
Built for Content Partners Fourth Star is a self-serve platform designed for content partners of all sizes, from individual creators to blockbuster studios. Content partners can set up an account, create content channels, and begin monetizing their work immediately. No integration is required, allowing for seamless onboarding and instant access to a global audience. The Creator Portal empowers partners to distribute and profit from their immersive media with ease, making Fourth Star a truly open and accessible metaverse for digital entertainment.
Key Features of Fourth Star
VR Streaming Platform – Users can access nearly forty environments and own their own luxury apartments and ships all equipped with an immersive media streaming entertainment hub.
Social & Customization – Connect with others in dynamic social hubs, personalize your avatar, and invite your friends to your own luxury apartment and ship.
Player Portal – Users can access the web-based marketplace to explore content, invite friends,
Creator Portal – Set up an account, create content channels, and begin monetizing your work immediately. No integration is required, allowing for seamless onboarding and instant access to a global audience.
Blockchain Integration – The FSTR token, built on the Polygon blockchain, powers the ecosystem, providing secure transactions and exclusive rewards.
AI-Powered Companions – Coming soon
FSTR: The Utility Token Powering Fourth Star FSTR serves as the primary ecosystem currency within the Fourth Star platform, enabling users to purchase Apartments, Ships, AI Companions, and exclusive content. Token holders benefit from:
VIP Access – Exclusive events, early screenings, and red carpet experiences.
Discounts – 25% savings on in-app purchases (IAPs) and entertainment content.
FSTR can be purchased today to unlock the above benefits and more at the Probit Global Exchange using this link: https://tinyurl.com/35jbbcxb
A New Paradigm in Entertainment Fourth Star is designed to deliver the future of entertainment through merging cinematic storytelling with interactive gaming, offering:
A seamless transition from passive to interactive experiences.
A thriving community for players, creators, and investors.
Advanced AI integration for interactive AI characters.
Don’t just watch the star in the movie, become the star.
Availability and Access Fourth Star is now live and available for users worldwide on Sidequest. Whether you’re an explorer, content creator large to small, storyteller, or entertainment enthusiast, Fourth Star provides an immersive space to experience digital entertainment like never before.
About Fourth Star Fourth Star was established in 2022 with platform design and environmental modeling. In 2023, focus turned to closed alpha and beta testing, alongside workshops with content creators. By Q1 2024, we launched the open beta, gathering feedback and introducing creators. In Q2 2024, we launched the FSTR, sold ships and apartments, and developed our creator and partner reward systems. In 2025, we’ll be launching ‘Genevieve’, an AI-powered comprehensive marketing system, advanced AI tools enabling the generation of immersive content and interactive storylines, AI companions, a creator reward system introducing virtual asset rentals, and interactive gamified blockbuster films.
For more information, visit www.fourthstar.com or follow us on social media.
The success of Black Myth: Wukong, a game steeped in the Chinese cultural aesthetics, is underscoring the vast potential for top-tier IP games from China and igniting confidence for developing high-quality products with global appeal.
At a recent interim results briefing, CMGE (0302.HK) management noted that “The success of games like Black Myth: Wukong, Wuthering Waves, and Zenless Zone Zero has reinforced our commitment to producing cross-platform blockbusters under the strategy of self-development, proprietary IP operation, and self-publishing.”
As the Chinese game tycoon with the largest IP portfolio, CMGE is doubling down on leveraging major IPs like Legend of Sword and Fairy and One Piece. With a strong focus on technological innovation, CMGE aims to deliver high-quality, long-lifecycle games that redefine the revenue patterns and outlive industry cycle.
Traveling Light: Lean Operations Drive Steady Profits On August 28, CMGE unveiled its financial results for the first half of 2024, reporting a total revenue of RMB 1.23 billion, including 14.3% from overseas operations, and an adjusted net loss of RMB 208 million.
The first half of 2024 saw severe challenges and volatility across the game industry. In response, CMGE adopted a more prudent financial approach by accounting for impairments on certain investments, write-downs on prepayments for unlaunched games, and adjustments to non-operating financial assets.
Through this adjustment, CMGE expects to “travel light and pave the way for future profitability. It also shows CMGE’s ongoing commitment to developing premium games anchored by strong IPs.
Despite industry turbulence, CMGE’s core operations have remained profitable throughout the first half of 2024, thanks to its sharp focus on an IP-driven strategy that continuously strengthens player viscosity. Impressive key operational metrics include 14.392 million MAUs, 47.297 million new registrations, and 1.027 million monthly paying users contributing an ARPPU of 200.2 yuan.
By business segment, publishing was a big revenue driver, generating 1 billion yuan in the first half of 2024. Soul Land: Shrek Academy topped the Apple Store’s free games chart within a month of its debut in January, pulling in a monthly revenue of over 100 million yuan. Fights Break Firmament: Peak Confrontation secured the second spot on the chart within a month of its debut in June, setting the stage for further growth in the second half of the year.
CMGE has made remarkable strides in global expansion, raking in 176 million yuan from overseas publishing, a year-on-year increase of 41.5%. A major contributor to this growth was the release of Legend of Sword and Fairy: Wen Qing an RPG card game based on the popular Legend of Sword and Fairy IP. Launched in December 2023 across Hong Kong, Macau, and Taiwan, the game soared to the top of the Apple App Store’s free charts in all three regions, showcasing the lasting popularity of the Legend of Sword and Fairy series among Chinese-speaking players.
On the R&D front, CMGE reported an R&D revenue of 126 million yuan and an R&D investment of 110 million yuan in the first half of the year. Notably, R&D expenses dropped by 58.71% compared to the same period last year, thanks to the integration of AIGC into game development, which raised efficiency and reduced costs. Meanwhile, CMGE’s highly anticipated Sword and Fairy World is already under final test. Reductions in design and development costs inspire a more optimistic outlook on future profitability.
CMGE is intensifying its focus on the Legend of Sword and Fairy IP, strategically extending its influence into film, animation, and merchandise. This multi-faceted approach has consistently unlocked new revenue streams, enhancing the brand’s value and market presence. In the first half of this year, CMGE’s IP licensing revenue surged to 107 million yuan, marking a substantial 79% year-over-year growth. This impressive performance stems from a series of high-profile adaptations of the Legend of Sword and Fairy series, including Sword and Fairy 4, a TV series produced in collaboration with iQiyi; Sword and Fairy, a TV drama based on Sword and Fairy 6 and developed alongside Shandong Film and TV; and The Return of Xiaoyao, a reinterpretation of Legend of Sword and Fairy coproduced with Tencent Video. These adaptations have not only captivated audiences but also garnered critical acclaim, further solidifying the franchise’s stronghold in the market.
Leveraging its premier IP assets, CMGE has maintained steady growth while strategically streamlining its balance sheet through accounting impairments. This positions the company for renewed momentum in the competitive game industry.
All About the Game: Chinese-Inspired Sword and Fairy World Gears Up for Launch For CMGE, thriving in shifting market cycles isn’t about short-term wins but about building long-term capabilities. The company’s “product-first” philosophy centers on delivering high-quality games based on top-tier IPs, helping it stand out in a crowded market and avoid the pitfalls of low-quality saturation. As CMGE Chairman Xiao Jian recently stated, “IP is more than just a cultural symbol—it’s a value system and almost a belief. In fact, it has become the cornerstone for creating competitive barriers in the game industry.”
A key example of this strategy is Sword and Fairy World, an open-world RPG rooted in the iconic Legend of Sword and Fairy IP. After more than three years of dedicated endeavor, the game has successfully secured licenses for both PC and mobile platforms, showcasing CMGE’s commitment to excellence.
Sword and Fairy World, a game derived from one of China’s most cherished IPs, features a vast and immersive open-world experience. Spanning 384 square kilometers, the game is rich in traditional Chinese cultural elements, allowing players to explore breathtaking landscapes—from the picturesque scenery of Jiangnan to the majestic peaks of Mount Shu and the mysterious miao regions. As Chinese cultural themes gain traction in gaming, insiders suggest that Sword and Fairy World has a chance of becoming a major hit, potentially rivaling titles like Black Myth: Wukong.
CMGE also employs immense efforts in elevating gameplay, doing all out to create a top-tier open-world RPG. On the one hand, it gives the best play to the cultural connotation of its IPs and keeps adding contents. On the other hand, it also invents new ways of gameplay, having introduced a unique pet collection system inspired by Chinese mythology and fantasy to innovate core gameplay. CMGE continues to upgrade visual fidelity and environmental realism to deliver a more immersive interaction and create a comprehensive, next-level player experience that resonates with both domestic and global audiences.
CMGE is setting a new standard for player immersion by integrating AI-driven NPCs into its upcoming games. These NPCs will react to the environment and engage in conversations that mirror real-world interactions, creating a vibrant, lifelike social ecosystem within the game. Players will also have access to advanced AI-powered customization tools, including facial recognition and voice modulation, allowing for more personalized expressions and interactions and sparking players’ creativity in the virtual world.
Building on the success of the renowned Legend of Sword and Fairy IP, Sword and Fairy World has repeatedly ranked among the “Most Anticipated Games” of 2024. Having successfully passed the first three tests, the game is nearing its final test before a full release later this year. The number of pre-registrations is already approaching 5 million and could surpass 10 million by the time of debut.
CMGE’s focus on IP-driven, premium games is paying off handsomely. By capitalizing on the popular Legend of Sword and Fairy IP and potential video and animated adaptations, CMGE is successfully broadening its audience base, enhancing user viscosity and lowering customer acquisition costs. This strategy positions the company for sustained profitability. A cornerstone of CMGE’s approach is its emphasis on open-world games, a growing industry trend that greatly increases user capacity and game lifecycle. Openness and creativity are set to drive higher player engagement and LTV. The eagerly awaited Sword and Fairy World, CMGE’s upcoming open-world title, will be available across multiple platforms, with the PC version projected to achieve a gross margin near 70%.
Industry analysts forecast that the launch of Sword and Fairy World will notably increase the share of long-cycle products in CMGE’s lineup. This not only highlights the lasting value of the Legend of Sword and Fairy IP， but also redefines the traditional profitability trajectory for games, paving the way for sustained, high-revenue growth. With this forward-thinking strategy, CMGE is primed for enhanced profitability and long-term financial success.
Growth on the Horizon: CMGE’s Strong Pipeline Set to Fuel Expansion CMGE is ramping up its global expansion and refining its product lineup to bolster the stability and predictability of its long-term growth. With an impressive slate of titles set for the second half of 2024, CMGE is gearing up to enhance its performance reliability.
In the second half of 2024, CMGE’s publishing division will make a significant impact with a series of high-profile IP-based game launches. Key upcoming titles include Soul Land: Space and Time Reversal , Daily Life of Chat Group, Naruto: Konoha Masters, New Romance of the Three Kingdoms: The Legend of Cao Cao, Country Love: Business Life , Chunqiu Mystery, and the casual mini-game Sanqian Huanshi. The recent launch of Soul Land: Shrek Academy in Hong Kong, Macau, and Taiwan on August 22, 2024, soared to the top of the Apple App Store’s free charts in all three regions during its debut week. Looking ahead, CMGE is planning to release Smash and Code: FA in Hong Kong, Macau, and Taiwan and bring Dynasty Warriors: Hegemony to the Japanese market in the second half of the year. With these strategic moves, CMGE aims to solidify its position and drive continued growth across key global regions.
CMGE is betting big on its internal development to fuel growth in the second half of the year. Leading the charge are key titles including Sword and Fairy World and World of Castellan , which will benefit from expanded promotional efforts, alongside a new installment in the iconic franchise, Code: Dark Night Legend. These self-developed games are expected to make a substantial impact on the company’s overall performance.
“Strategy is not predicting the future. Instead, it’s about making decisions today to be ready for an uncertain tomorrow,” analysts emphasize, channeling Peter F. Drucker’s wisdom. CMGE exemplifies this with a robust IP-driven, product-first strategy. By honing in on high-quality game development, the company is building a unique competitive moat to secure long-term stability and eventually outlive industry cycle.
For further information, please contact: PEANUT MEDIA LIMITED Direct Line: +86-755-61619798 x8210 Email: hswh.project@czgmcn.com
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.
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
Chirpley, a leading influencer marketing platform, is thrilled to announce its dynamic partnership with N3MUS, the essential bridge, connecting traditional gamers to blockchain technology while providing a cost-effective and user-friendly gaming experience. This collaboration marks a significant step towards reshaping the landscape of gaming promotion and leveraging the potential of blockchain technology.
The synergy between Chirpley and N3MUS reflects a commitment to innovation, transformation, and excellence. This partnership underscores both companies’ dedication to pushing boundaries and driving forward the evolution of influencer marketing within the dynamic realm of Web3 gaming.
A key facet of this strategic partnership involves the integration of Chirpley’s API into N3MUS’s platform, thereby granting seamless access for their customers to leverage our influencer marketing services. This integration sets the stage for game studios to effortlessly promote their creations, fostering enhanced visibility, user engagement, and revenue generation.
N3MUS boasts an impressive portfolio of 12000 registered users and 180 game studios, expressing a keen interest in harnessing the power of the Chirpley integration. This collective enthusiasm amplifies Chirpley’s reach and impact within the gaming community. Furthermore, this collaboration has a direct positive effect on the burn rate of the $CHRP token, driven by the automatic buyback and burn mechanism inherent to each marketing campaign completed on the platform.
“Partnering with N3MUS is an exciting milestone for Chirpley”. By combining our expertise in influencer marketing with N3MUS’s innovative Web3 platform, we are set to reshape the gaming promotion landscape,” remarked Job ter Horst, CEO at Chirpley. “This collaboration not only opens new avenues for game studios to propel their creations into the spotlight but also contributes to the sustainable growth of the $CHRP ecosystem.”
At N3MUS, we’re thrilled to join forces with Chirpley on this groundbreaking partnership,” Neal Peters, CEO of N3MUS, enthusiastically stated. “By merging Chirpley’s influencer marketing prowess with our user-centric Web3 platform, we’re poised to unlock a new era of empowered game promotion. This collaboration not only empowers game studios to tap into a passionate and engaged gaming community, but it also fosters the widespread adoption of Web3 technology within the gaming industry. We believe this partnership will revolutionize the way games are promoted and experienced, creating a win-win scenario for developers, gamers, and the future of Web3 gaming.
About Chirpley
Chirpley is a dynamic influencer marketing platform that connects brands with nano-micro influencers using AI and automation tools. With a commitment to innovation, Chirpley aims to bridge the gap between brands and influencers, ushering in a new era of authentic, impactful, and data-driven marketing campaigns.
About N3MUS
N3MUS provides a variety of tools for game studios enabling them to easily incorporate Web3 concepts into their games. The blockchain component runs behind the scenes, ensuring that the gamer enjoys an unrestricted experience, one that they are familiar with. We aim to empower developers and gamers through a complete game journey with enhanced user experiences and optimize operations, driving engagement and maximizing opportunities for growth.
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
Masverse Sdn. Bhd., a pioneering blockchain specialist company, today announced the launch of MasChain, a transformative platform designed to revolutionise the digital ecosystem for government, enterprises, and industries by enhancing the security and trustworthiness of transactions via Proof of Authority (PoA).
[L-R] Chew Kian Kok, Chief Executive Officer of Masverse Sdn. Bhd.; Mr. Danesh Jothiprahasam, Head of Domestic Digital Investment of Malaysia Digital Economy Corporation (MDEC)
Leveraging the first PoA chain, MasChain is set to democratise blockchain technology by providing revolutionary token digitalisation solutions across government and industry, unlocking the full potential of blockchain applications to practitioners and users for the protection of assets on the chain. Through the Substrate core framework and pallets smart contracts as modular components, MasChain can provide flexibility and stability. Network scalability is achieved via the PoA consensus mechanism, which greatly simplifies the entire process and unlocks the possibility of future blockchain applications.
[L-R] Koay Seong Jiann, Chief Financial Officer of Masverse Sdn. Bhd.; Chew Kian Kok, Chief Executive Officer of Masverse Sdn. Bhd.; Teh Lee Jie, Technology Lead of Masverse Sdn. Bhd.
The launch was witnessed by Mr. Danesh Jothiprahasam, Head of Domestic Digital Investment of Malaysia Digital Economy Corporation (MDEC) and Mr. Chew Kian Kok, Chief Executive Officer of Masverse.
Founded in Malaysia, Masverse is at the forefront of digital innovation, creating a Layer 1 blockchain infrastructure and a Web3 ecosystem that promises to bridge the gap between current technologies and a future where digital advancements are universally beneficial. MasChain is designed to cater to various needs and applications, from financial technology (fintech), halal traceability, education, retail and supply chain management to digital identity and beyond, and for authorities and businesses to benefit from a blockchain solution. Their certification platforms and Islamic Financial Solutions also aim to empower individuals and businesses to thrive in the digital era by fostering blockchain use to be approachable and useful for everyone nationwide.
In an effort to facilitate blockchain adoption in the country, MasChain offers meaningful integration and onboarding based on the client’s use case, powered by an Ethereum Virtual Machine (EVM) compatible chain with a versatile service layer application programming interface (API). This approach enables a wide range of services, from token management services to non-fungible token (NFT) and audit trail services, encapsulated within a secure, Blockchain-as-a-Service (BaaS) framework. MasChain gives governments and businesses seamless integration while strengthening network security and reducing complex technological transformation. Key Islamic compliance is achieved with halal traceability and supply chain solutions, ensuring transparency in the transaction lineage.
Lee Jie, the Tech Lead of Masverse said, “Today, we stand on the brink of a new era, one where the innovative use of public permissioned blockchain technology is set to redefine the operational frameworks of enterprises and governments alike. MasChain redefines the approach to identity verification, transaction security, and information storage, tailored to meet client-specific needs, thereby digitally transforming Malaysia’s cyber landscape.”
Jothiprahasam of MDEC said, “The inception of MasChain is a testament to the innovative spirit that thrives within our nation and the broader digital ecosystem. At MDEC, we are deeply committed to nurturing and propelling Malaysia’s digital economy, emphasising inclusivity, sustainability, and growth. MasChain aligns perfectly with our mission, embodying the potential of technology to create not just economic value but societal progress as well.”
“MasChain’s approach, a public permissioned blockchain specifically tailored for enterprises and governments, marks a significant leap forward in how we envision the role of digital technologies in governance, commerce, and societal wellbeing.”
The first day of the 29th global edition World Blockchain Summit concluded in Dubai, marked by a surge in enthusiasm for the technology’s future in the MENA region. Hosted at the JW Marriott Hotel Marina, the two-day event brought together industry leaders and innovators, highlighting the seamless integration of blockchain solutions into real-world scenarios.
Despite the challenge due to weather conditions in Dubai, the event attendance was remarkable with its turnout, sparking lively discussions, setting a dynamic course for blockchain’s evolution in the MENA region. True to its reputation, the Summit assembled prominent thinkers and showcased groundbreaking ideas. It provided an unrivaled space for attendees to learn, connect, and forge strategic partnerships.
Day one was marked by rich dialogue, inspiring keynote addresses, and forward-thinking ideas poised to expedite the adoption of crucial blockchain trends across vital economic sectors including finance and supply chain management.
In an inspiring opening address, Naveen Bharadwaj, Trescon’s Group CEO, kicked off the summit with a warm welcome, prepping the audience for an immersive exploration of Web3 and the key issues defining the blockchain world
Wolfgang Grabher, Founder, CEO and Chairman, SUN AG, delivered a keynote on how blockchain technology is revolutionizing the food industry. Addressing how 100 per cent token burn gives you food for free while also shining the spotlight on how falling token prices can be a good thing.
The day also featured a compelling panel discussion on decentralized finance (DeFi), led by Maha Al-Saadi, Head of Regulatory Affairs, QFC Financial Services Sector. The discussion focused on DeFi’s transformative impact on the financial sector and the integration of blockchain technology into its development. Panelists including Neeraj Khandelwal, Co-founder of CoinDCX & Okto; Talal Tabbaa, CEO & Co-Founder of Coin MENA; and Bandar Altunisi, Head of Development for Binance in Saudi Arabia, Head of Institutional Relationships for Binance Dubai (FZE), Binance, explored the synergy between DeFi and traditional finance systems.
A highlight of the day was a lively panel debate titled ‘Crypto Payments Evolution: Charting the Course Through Latest Innovations.’, led by Kevin Soltani, CEO, GIMA group. The discussion focused on the rise of stablecoins while examining the rapid advancements in blockchain interoperability solutions in enabling seamless communication and data transfer between networks. Panelist Jehanzeb Awan, Chairman, Crypto & Blockchain Association, Middle East, Africa & Asia; Miriam Kiwan, Vice President of MEA, the issuer of leading regulated stablecoin, USDC. Circle; Reece Merrick, Managing Director, Middle East & Africa. Ripple, explored the role of CBDCs in reshaping the future of payments.
“We’re excited to bring together leading blockchain minds for another edition of the World Blockchain Summit, shaping the future of the industry.” said Naveen Bharadwaj, CEO of Trescon, “The Summit showcased Dubai’s role as a breeding ground for innovation, driving global blockchain adoption.”
With Day 1 wrapping up successfully, anticipation builds for what Day 2 will unveil. For more details on the World Blockchain Summit, please visit: https://www.worldblockchainsummit.com/
The 29th edition of the World Blockchain Summit is supported by:
Strategic Partners – DIFC Innovation Hub , Dubai AI & Web3 Campus Co-Host – Sun Minimeal After Party Sponsor – Floxypay Gold Sponsors – Cardano Foundation , Medifakt, Crypto2Cash, Anbruggen, Bitflex Silver Sponsors- Kreation, Coingames, Reat Capital, ACM Finance , Website AI Lanyard Sponsor- M2 Badge Sponsor – Ledn Lunch Sponsor – Payper Bronze Sponsor- BitGo, M2 , Block Convey, Genesis Digital Assets , Hedge , Golfin Pitch Partners – Reat Capital , soukcola , MeAI , Zherpa , FidesInnova Labs Exhibitors- DSQ Solutions , Reltime, Qoneqt , C# Corner , Islamic Dinar Official Accommodation Partner- HotelPlanner Ecosystem Partner – Entrepreneur Media Business Broadcast Partner – CNBC Arabia Official Newspaper Partner- The Fintech Times Official Digital PR Distribution Partner – ZEX PR Wire ABM Partner- Demandify Association Partners- Crypto and Blockchain Association, Blockchain Council, Asia Web3 Alliance Japan, European Blockchain Association Prime Media Partner- Demandteq Community Partner – Hyperledger Foundation
About World Blockchain Summit (WBS)
World Blockchain Summit (WBS) is an event by Trescon that supports the growth of the blockchain, crypto and Web3 ecosystem globally.
WBS is the world’s longest-running blockchain, crypto, and web 3-focused summit series. Since our inception in 2017, we have hosted more than 20 editions in 11 countries as we strived to create the ultimate networking and deal flow platform for the Web3 ecosystem. Each edition brings together global leaders and emerging startups in the space, including investors, developers, IT leaders, entrepreneurs, government authorities, and others.
For media Inquiries or partnerships please get in touch with: Shadi Dawi PR & Partnerships Director shadi@tresconglobal.com +971 55 498 4989
Moxy.io proudly announces the appointment of Thomas Gustinis, a key figure in treasury management of UBS, as its previous Global Chief Financial Officer. This landmark hire underscores Moxy.io’s ambition to fortify its leadership team with unparalleled financial expertise and vision, propelling the company towards new horizons in the competitive blockchain and gaming industries.
Thomas Gustinis brings to Moxy.io a storied career in global finance, having helmed UBS’s treasury operations, where he was instrumental in steering the banking giant through complex financial landscapes and maximizing operational efficiency and profitability. His strategic foresight and deep understanding of global financial markets are set to be invaluable assets for Moxy.io as it seeks to navigate the intricacies of blockchain finance and international expansion.
“We are beyond excited to welcome Thomas Gustinis to our executive team, as he will sit as a core director for Moxy Foundation in Switzerland” expressed Matt deFouw, CEO of Moxy.io. “Thomas’ profound expertise in financial strategy and his visionary approach to corporate finance will play a pivotal role as we embark on our next phase of growth. His appointment is a clear signal of our commitment to setting new standards in the blockchain space.”
At Moxy.io, Thomas Gustinis will oversee the company’s financial strategy, aiming to harness the disruptive potential of blockchain to create innovative solutions for the gaming sector. His leadership is expected to drive Moxy.io’s financial health, ensuring sustainable growth and bolstering the company’s position as a leader in blockchain technology.
Commenting on his new role, Thomas Gustinis shared, “Joining Moxy.io is a thrilling opportunity to leverage my experience in finance at a time when the blockchain and gaming sectors are on the cusp of transformative change. I am deeply committed to Moxy.io’s vision and look forward to contributing to the company’s journey as we unlock new possibilities for gamers and investors alike.”
Thomas Gustinis’s appointment is a testament to Moxy.io’s strategic focus on integrating advanced financial practices with its pioneering blockchain technology, setting the stage for groundbreaking developments in the gaming industry.
About Moxy.io
Moxy is a pioneering video game tournament platform at the intersection of competitive gaming and web3 blockchain technology. Moxy offers a competitive and rewarding gaming environment, featuring tournaments powered by the $MOXY token, providing both traditional and blockchain gamers with a unique, web3 esport experience and real reward ecosystem. With a commitment to expanding the gaming ecosystem, $MOXY token ecosystem, and bringing tangible $MOXY rewards to skilled game players, Moxy is redefining competitive gaming for the quickly growing web3 industry. For more information about Moxy and its initiatives, visit https://moxy.io.
The virtual realm will soon pulse to the rhythm of music. TCG World, the fast-growing and immersive Web3 online open world metaverse, today announced a groundbreaking partnership with STYNGR, the premier music integration platform for the gaming ecosystem, and Downtown, one of the most dominant forces in the music industry.
In a move set to revolutionize the gaming landscape, TCG World, STYNGR, and Downtown are joining forces to unveil an innovative music collectible, powered by the XRP ledger, launching in 2024. This partnership will redefine metaverse exploration by integrating curated music stations as well as exclusive artist releases and emotes into the TCG World Metaverse. “STYNGR was built to support metaverse pioneers like TCG World. We couldn’t be more proud to launch major music-driven activations, creating a rich sonic experience that complements TCG World’s immersive universe” said Alex Tarrand, COO of STYNGR.
TCG World is an all-encompassing metaverse, enabling players to acquire collectibles, own virtual real estate, establish online businesses, create, and explore. Providing far more than a traditional gaming experience, TCG World Metaverse incorporates unique economic features, including player shops, collectible virtual goods, and an in-game building system. Its AAA graphics and meticulously crafted interactive environments add depth to the immersive experience. “The partnership with a music powerhouse like Downtown Music further enriches our universe, adding a melodic dimension to the platform and offering a diverse and entertaining soundscape for players.” said David Evans, CEO of TCG World.
“Downtown has a history of being at the forefront of innovation, with this partnership we are merging the tech forward world of music with the rich virtual landscape in the TCG World platform.” Adds Loredana Cacciotti, EVP, Digital Revenue & Licensing at Downtown Music.
About TCG World Metaverse
TCG World Metaverse is a revolutionary platform set to change the way we play and experience gaming. With its AAA graphics, curated music, and interactive environments, it provides not only an immersive gaming experience but also offers social and economic benefits to its players, creating a sense of community and belonging. Join TCG World Metaverse now and be a part of this exciting new frontier in gaming, music and eSports.
The STYNGR platform bridges the worlds of music and gaming. Providing globally licensed music, with access to 100 million+ tracks, STYNGR’s proprietary technology and SDKs simplify the licensing and delivery of music, exclusive drops, user analytics, and royalty payments into any gaming platform. STYNGR also sponsors in-game artist activations, see more at: STYNGR
About Downtown Music Holdings
Downtown is the world’s leading music services company with over 2 million clients from 145 countries representing a catalog of over 38 million music assets in a wide variety of genres and languages. Downtown’s technology and service offerings support creators and businesses in all facets of the music industry including music creation, distribution, publishing, marketing, royalty collection, financing, accounting and payment services.
About XRP Ledger
The XRP Ledger (XRPL) is an open source, public and decentralized Layer 1 blockchain led by a global developer community. It is fast, energy-efficient, and reliable. For more than ten years, it has been the blockchain best suited to enable settlement and liquidity of tokenized assets at scale. With ease of development, low transaction costs, and a knowledgeable community, it provides developers with a strong open-source foundation for executing on the most demanding projects – without impacting the XRPL’s lean and efficient feature set. XRPL enables a wide variety of services and use cases including payments, decentralized finance, and tokenization. Learn more at XRPL.org.
![[L-R] Chew Kian Kok, Chief Executive Officer of Masverse Sdn. Bhd.; Mr. Danesh Jothiprahasam, Head of Domestic Digital Investment of Malaysia Digital Economy Corporation (MDEC)](https://photos.acnnewswire.com/20240423.Masverse1.jpg)
![[L-R] Koay Seong Jiann, Chief Financial Officer of Masverse Sdn. Bhd.; Chew Kian Kok, Chief Executive Officer of Masverse Sdn. Bhd.; Teh Lee Jie, Technology Lead of Masverse Sdn. Bhd.](https://photos.acnnewswire.com/20240423.Masverse2.jpg)
