Web3.0

Licensing Milestone for Okto Wallet in UAE

Wednesday. August 28 at 3:30 AM

1 min. read

Okto, the self-custodial wallet of CoinDCX, an Indian crypto exchange, has officially obtained a license from the Ras Al Khaimah Digital Assets Oasis (RAK DAO) in the UAE. The license, secured on Aug. 27, allows Okto to operate legally in the country's dedicated free zone for digital assets. Claiming to be the first Web3 wallet to receive such a license, Okto is a multichain DeFi wallet owned by a subsidiary of DCX Global. The platform offers a keyless, self-custody wallet for managing digital assets. CoinDCX and Okto co-founder Neeraj Khandelwal expressed that the license will enhance community trust and accelerate Web3 adoption. The RAK DAO, established in 2023, is an economic free zone supporting innovative Web3 companies. CoinDCX's recent acquisition of BitOasis in the UAE further expands its presence in the region, with BitOasis operating independently under existing licenses.

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The Convergence of Data, AI, and Blockchain in Web3

Friday. September 13 at 7:00 PM

In a recent episode of Cointelegraph’s Hashing It Out podcast, Chris Feng, co-founder and COO of Chainbase, discusses the evolving role of data and AI in the blockchain ecosystem. Onchain data is now seen as a valuable asset beyond transaction records, driving innovation in Web3. Feng emphasizes the importance of robust data infrastructure to support this shift, with Chainbase providing high-quality data for precise Web3 applications. The discussion also highlights the impact of AI on businesses, with blockchain ensuring data transparency and trust. Chainbase converts blockchain data into actionable insights for AI applications, shaping the future of Web3 platforms. This episode explores the intersection of data, AI, and blockchain, paving the way for technological advancements in Web3. For more insightful podcasts, visit Cointelegraph’s Podcasts page.

Web3.0

Optimism Among Web3 Professionals

Tuesday. September 10 at 7:00 PM

Despite regulatory uncertainty ahead of the 2024 US presidential election, over 86% of Web3 professionals are optimistic about the industry's future, as per a Consensys report. The optimism stems from the belief that Web3 offers the potential for professionals to make a meaningful impact in the world. A significant portion of the workforce remains employed in Web3 due to the promising prospects of blockchain technology. Interestingly, most professionals prefer to receive a combination of fiat and cryptocurrency as their salary. The survey, conducted by YouGov, revealed that the Web3 workforce is predominantly global, with a majority identifying as digital nomads. This lifestyle aligns well with the industry's values of decentralization and autonomy, providing new opportunities and greater control over employment status for professionals in the field.

Web3.0

The Future of Decentralization in the Web3 Economy

Friday. August 30 at 6:00 PM

Yat Siu, co-founder and chairman of Animoca Brands, emphasizes the importance of decentralization for the future of the internet. In a Talking Tokens podcast interview, Siu discusses the transition from centralized digital platforms to decentralized networks. He believes that embracing decentralization can revolutionize digital property rights, a core focus of Animoca's involvement in Web3. Siu describes the Web3 economy as the 'internet of ownership,' highlighting the value that sectors can unlock through recognized and protected ownership rights in the digital realm. Despite recognizing the challenges of this shift, particularly in education and understanding, Siu stresses the potential of networks with embedded financial opportunities. Animoca Brands, in collaboration with Standard Chartered Bank and Hong Kong Telecommunications, is participating in the HKMA stablecoin sandbox to advance Hong Kong's digital asset ecosystem and applications, working closely with regulators to shape the regulatory framework.

Web3.0

Revolutionizing Live Music Experiences with Spatial Audio at AFTER 2049

Thursday. August 29 at 7:00 AM

TOKEN2049, the largest Web3 conference, has partnered with Polygon Productions to present AFTER 2049, the closing event of the Singapore edition. Polygon Productions will use spatial audio technology to create an immersive sensory experience at Marina Bay Sands. The event will feature performances by WhoMadeWho, Da Capo, and other artists, utilizing Polygon Production's 360° sound system. This innovative audio technology, previously used by artists like deadmau5 and Katy Perry, aims to redefine live music experiences. Polygon Productions CEO, Nico Elliott, expressed excitement about the collaboration, while TOKEN2049 Founder, Raphael Strauch, highlighted the event as a glimpse into the future of live entertainment. The event's sponsors include various blockchain and digital payment companies. Tickets for AFTER 2049 have sold out rapidly, with the final release expected to sell out quickly. For more information, visit the TOKEN2049 website.

Web3.0