Global #web3

In a strategic move aimed at bolstering the liquidity of the $GALA token, Animoca Brands, a prominent blockchain gaming and investment firm, has joined forces with Gala Games, a leading Web3 entertainment platform.

The Philippines has taken a significant step into the digital age by adopting Tether's USDT stablecoin as a payment option for its Social Security System (SSS) contributions.

Pudgy Penguins, the popular NFT project known for its adorable penguin characters, is making a strategic move to expand its ecosystem. Igloo, the parent company of Pudgy Penguins, has recently acquired Frame, a blockchain development studio, with the aim of creating a dedicated Layer 2 solution for the project.

In a move that could significantly enhance cross-chain identity verification, Wormhole, the popular cross-chain interoperability protocol, has been awarded a grant by the Worldcoin Foundation to integrate World ID onto the Solana blockchain.

The Solana Foundation has unveiled a new set of tools designed to make it easier for developers to bring blockchain functionality to everyday applications. These tools, "Actions" and "blockchain links" (Blinks), aim to bridge the gap between the world of decentralized applications (dApps) and mainstream user experiences.

Hong Kong has taken a step forward in embracing the potential of Web3 and virtual assets by inviting the global community to share their thoughts on the future of these technologies.

Ethereum, the second-largest cryptocurrency by market capitalization, has emerged as a leading contender for the top cryptocurrency investment in 2024. With a robust technological foundation and a thriving ecosystem, Ethereum offers numerous compelling reasons for investors to consider.

Minego offers a web browsing experience focused on the world of blockchain technology (Web3).

The crypto ecosystem, often referred to as the crypto space, is a dynamic and rapidly evolving network that encompasses a wide range of components and technologies. It represents a paradigm shift in the traditional financial landscape, offering a decentralized and transparent alternative.

In May, the Ronin network saw a significant uptick in users, surpassing 3 million monthly and daily active wallets, indicating a resurgence in the gaming industry. Known for supporting Axie Infinity and related mini-games, as well as the Mavis NFT marketplace, Ronin's activity across approximately 15 leading apps has contributed to its success.

Acting Financial Secretary Wong Wai-lun of Hong Kong reiterated the city's commitment to establishing itself as a hub for cryptocurrency activities, aligning with its longstanding vision in this regard.

On May 31, 2024, Animoca Brands Japan, a key subsidiary of Animoca Brands, unveiled the name of its NFT launchpad, SORAH by Animoca Brands Japan, slated for a summer 2024 release.