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Verofax secures $3M in Bridge funding to deploy AI & AR experiences to tourists and sports fans

ABU DHABI, UAE, Aug 27, 2024 - (ACN Newswire) - Verofax Limited, a Web3 services company, today announced closing a $3M bridge round led by international investors Plug & Play Tech Center, Navig8 Group, King Abdullah University for Science and Technology, Trove Capital UK follow-on investment, Jawa Brothers Advisory, with Alzamil Pedco CVC and Tracecore CVC completing the list of investors. Verofax applies patented Web3 technologies such as Blockchain, Augmented Reality and Artificial Intelligence to provide 'Elevated tourist, shopper and brand marketing experiences', enabling destinations, retailers and sports stadiums to

Bringing Chinese Culture to the World through Digital Distribution

- Embracing NFT 2.0 with Digitally Inspired Treasures from Dunhuang Art HONG KONG, Aug 21, 2024 - (ACN Newswire) - To better promote Chinese culture globally, Beiwen Digital, a subsidiary of Beijing Cultural Investment Development Group Co., Ltd. and a directly affiliated enterprise of the Publicity Department of Beijing Municipal Committee, has collaborated with Hong Kong JM Enigma Capital Limited to pioneer the NFT 2.0 era of digital collectibles by integrating cultural assets with modern technology. Today, they co-hosted a press conference and formalized a Memorandum of Understanding (MOU) regarding China's Cultural Digital Assets

Fabwelt & Blockpass Jointly Build Trust, Fight Fraud in Blockchain Gaming

HONG KONG, July 31, 2024 - (ACN Newswire) - Fabwelt and Blockpass are delighted to announce a partnership as the blockchain game ecosystem secures its WELT gamingverse against the threat of fraud and other illicit activity. In doing this, Fabwelt continues its mission to create a level playing field for the diverse range of high-end and casual games where players can seamlessly interact with digital assets and can enjoy all the benefits of blockchain in a gaming environment. Seeking to redefine gaming in the virtual space, Fabwelt is creating the

Speculation on the Bad Actors Behind the Compound Finance Exploit: Who’s Really to Blame?

The recent governance exploit on Compound Finance, leading to a staggering $25 million loss, has sparked a fierce debate within the crypto community. Who are these elusive perpetrators, and what are their motives? While concrete evidence remains elusive, we can delve into the murky waters of speculation, examining potential bad actors and their motivations. Brace yourselves—this analysis is bound to stir strong opinions. Potential Bad Actors: Who Could Be Behind the Exploit? Insider Threats: The Betrayers Within Understanding of the System: Let’s not kid ourselves—those with insider knowledge of Compound

AI-Blockchain Platform ChainGPT Secures Launchpad with Blockpass KYC

HONG KONG, July 8, 2024 - (ACN Newswire) - The advanced AI model for blockchain solutions, ChainGPT, and Blockpass, the Web3 compliance provider, are pleased to announce that ChainGPT’s decentralized fundraising platform and launchpad utilizes Blockpass’ KYC platform to secure its ecosystem and ensure the highest standards of compliance are met. Through this move, ChainGPT Pad - ChainGPT’s combined incubator and launchpad - is able to facilitate the development of projects in a safe and regulated manner. ChainGPT utilizes the power of AI to create revolutionary tools such as AI

SUMMER WEB3FEST 2024: A Resounding Success and a Glimpse into the Future

Crypto Valley, Switzerland - 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

Node Sale KYC Solidifies Blockpass’ Tagline as The Safe Network for Crypto(TM)

HONG KONG, June 14, 2024 - (ACN Newswire) - 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

Blockchain Australia evolves to Digital Economy Council of Australia (DECA) to advocate for Australia’s growing digital economy

MEDIA RELEASE • The digital activity share of the Australian economy is expected to increase to 10% by 2030 (from 6.1% in 2020-21) • Expands membership categories to fully represent the multifaceted aspects of the digital economy • Amy-Rose Goodey will lead DECA as Managing Director, as CEO Simon Callaghan returns to the industry • Aims to address top industry concerns: Fit-for-purpose regulation (88%), lack of credible information (82%) and attracting the best talent (78%) SYDNEY, Tuesday, 11 June 2024: Blockchain Australia, the leading industry association advocating for blockchain technology

Saakuru and Blockpass Partner for Compliance in the Best Economic Opportunities Web3 Offers

HONG KONG, May 9, 2024 - (ACN Newswire) - 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