South Korea’s Democratic Party Lawmaker Urges Authorities Allow to ICOs 1741

A member of South Korea’s National Assembly has called on the state to “open up the road” to ICO by easing regulations, South Korean financial outlet Economy reports October 2. According to the article, Min Byung-doo, a Democratic Party lawmaker, will introduce a project of for ICO legislation at the next round of the National Assembly.

He claimed that the purpose of the new legislation is to allow ICOs while enforcing strict regulation for the negative parts of the industry, noting:

“We are looking at ways to open up the road to ICOs while strictly prohibiting negative factors such as fraud, speculation and money laundering.”

Min Byung-doo has reportedly also suggested to local authorities such as the Financial Services Commission (FSC) that the government should legalize ICO operations in the country, claiming that “prohibition is not the only way.” According to Economy, after consulting with the government and the FSC, the authorities’ stance has “changed prospectively compared with the past.”

Calling on the government to ease regulations for the industry, Min Byung-doo noted that the ban on ICO causes “weakening competitiveness” in South Korea’s blockchain industry, comparing it with the levels in the progress by the U.S., adding:

“South Korea’s blockchain-related industries were at the top of the world in terms of competitiveness, but the competitiveness in ICOs has dropped sharply. Now, 75% of projects in the industry belong to the United States only, which is the world’s top competitor.”

The lawmaker warned that an uncertain future of regulation for the industry will “prevent the growth of the industry itself.”

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ZenGo Becomes First Non-Custodial Wallet on Polygon with no Seed Phrase Vulnerability 2472

ZenGo has become the first non-custodial wallet with no seed phrase vulnerability to integrate with the Polygon network. As a result, Polygon users can enjoy self-custody of Polygon (MATIC), ETH, BTC, and more with secure asset recovery built-in.

By leveraging advanced biometrics and cutting-edge MPC cryptography, ZenGo eliminates onboarding complexities, allowing anyone to safely set up and secure their wallet in seconds from any iOS or Android device. ZenGo’s security model removes the single point of failure that besets traditional non-custodial wallets: Not a single ZenGo wallet has been taken over since the company was founded in 2018.

Ouriel Ohayon, ZenGo CEO and Co-Founder, said: “We’re delighted to become the first Polygon wallet with no seed phrase vulnerability and built-in web3 firewall protection. We’ve been blown away by the innovation, engagement, and growth in the Polygon ecosystem, the global brands building on it, and can’t wait to securely onboard newcomers.”

“Today, digital asset security is still one of the biggest concerns, especially when it comes to those just starting their web3 journey,” said Hamzah Khan, Head of DeFi at Polygon Labs. “This is why the integration of ZenGo is so beneficial to Polygon users, allowing them to reliably and securely self-custody their cryptocurrencies. It also aligns perfectly with Polygon’s mission to onboard the next billion users to web3, making the space as accessible, safe, and inclusive as possible.

In addition to sparing users from the responsibility of seed phrase storage, ZenGo protects them when signing web3 transactions. Its built-in firewall, ClearSign, helps users understand the permissions they are approving, preventing them from signing dangerous transactions.

More than 800,000 users rely on MPC technology to secure their digital assets, with ZenGo the most popular wallet of its kind. ZenGo replaces the traditional private key with two independently created mathematical “shares.” One is stored on the user’s mobile device and the other on ZenGo’s server, ensuring no single point of failure while facilitating recovery in the event of device loss.

ZenGo’s integration with Polygon will empower a new wave of web3 users to enjoy all of the upsides to self-custody without the vulnerabilities that come with seed phrases.

About ZenGo

ZenGo is the most secure crypto wallet: The only self-custodial wallet with no seed phrase vulnerability. ZenGo has never been hacked and is always recoverable, thanks to 3 industry-pioneering technologies: MPC cryptography, a built-in web3 firewall, and a 3-factor-authentication recovery model. Enjoy 24/7 in-app customer support, and join 800,000+ users to buy, store, and trade crypto and NFTs. www.zengo.com

About Polygon Labs:

Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3. Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups and optimistic rollups), sidechains, hybrid chains, app-specific chains, enterprise chains, and data availability protocols. Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding unique addresses exceeding 211 million, over 1.12 million smart contracts created and 2.36 billion total transactions processed since inception. The existing Polygon network is home for some of the biggest Web3 projects, such as Aave, Uniswap, and OpenSea, and well-known enterprises, including Robinhood, Stripe and Adobe. Polygon Labs is carbon neutral with the goal of leading Web3 in becoming carbon negative.

Say hello to HashKey Me’s new brand 3072

We are delighted to unveil a new brand identity for HashKey Me to accurately depict who we are and better communicate our product capabilities. In the spirit of rebranding, we will continue to commit to our users and provide even more value to all our users as well as partners. We appreciate your support and continued confidence in us.

HashKey Me is a decentralized identity wallet supporting multiple blockchains. HashKey Me safeguards your assets by simple complete user registration and authentication with no private key or Mnemonic phase needed to be memorized, which traditionally facilitated the most momentous step in your crypto journey. HashKey Me being an indispensable part of HashKey Group, we are proud of our background, and we are even more proud of our business strategy for the following period.

HashKey Group is an end-to-end digital asset financial services group in Asia. Joining in the collaborative and powerful HashKey ecosystem, HashKey Me, as an important infrastructure of Web3, plays an inseparable role and opens doors to infinite possibilities from the synergistic likes of DApps, DEX, etc., and will bridge a channel between Web2 and Web3 for you, our dear users.

Core functions of HashKey Me

​​Multi-chain Support:

Supports access and manages all your crypto assets by using one digital identity within HashKey Me App. Access to DeFi, DApps on different blockchains with just one simple tap.

Chat feature:

Supports MetaMask login to chat with friends easily. Meanwhile, binding with our key cooperative partner: Relation to chat directly. Relation is reconfiguring the social relations of individuals in a decentralized way.

HashKey DID registration:

HashKey Me will serve as the mobile end of the HashKey DID for Web3 users. HashKey DID is a multi-chain decentralized identity data aggregator powered by smart contract, NFT, and decentralized privacy protection protocol to provide identity services to Web3 users.

Future development of HashKey Me

HashKey Me is committed to creating a one-stop Web3 multi-chain wallet with MPC mechanism, which concerns a high level of security and ease of use. As an NFT Minting Portal, HashKey Me allows flexibility in one’s expressions of Web3 social relationships.

In our product roadmap, HashKey Me generates the ability to quickly integrate new functions as the Web3 ecosystem evolves, continuing to provide inspirational experiences in the Web3 era for everyone!

About HashKey Me

Based on MPC (Multi-Party Computation), HashKey Me is a decentralized identity wallet supporting multiple blockchains. With email addresses as unique identities, users can generate accounts compatible with a number of major blockchain ecosystems, including Cosmos, Bitcoin, Ethereum, Polkadot, Polygon, PlatON, Avalanche, Arbitrum, etc. While safeguarding digital assets in a decentralized manner, the solution also lowers barriers to access, for it does not require managing mnemonic phrases and private keys.

About HashKey DID

HashKey DID is a multi-chain decentralized identity data aggregator powered by smart contract, NFT, and privacy protection decentralized protocol to provide identity services to Web3 users. As an essential piece of Web3 infrastructure in the HashKey ecosystem, the fundamental goal of HashKey DID is to build a community-governed HashKey DID DAO together with users.

About HashKey Group

HashKey Group is an end-to-end digital asset financial services group in Asia. The Group provides a complete ecosystem across the entire digital asset landscape, ranging from venture investment to custody to technologies and trading.

HashKey’s senior team has extensive experience and expertise in investment, governance, and technology gained from tier-one banks, regulators, and Fintech ventures.

By bringing together the most advanced blockchain research, development, and technologies, HashKey identifies potential opportunities and delivers end-to-end solutions that operate within regulatory frameworks with high compliance standards. The Group has operations in Hong Kong, Singapore, and Japan and extensive partnerships with FinTech and blockchain solutions providers, academic institutions, and associations.

Award-Winning Film Producer Launches Web3’s First Management Sim, Tiny Colony, on ImmutableX 2909

Tiny Colony, a web3 construction and management simulation, today announces its launch on ImmutableX — the preferred developer platform for building and scaling web3 games on Ethereum from leading web3 gaming company Immutable.

Initially developed on the Solana blockchain, Tiny Colony is migrating to IMX to leverage the platform’s cutting-edge scaling features while retaining Ethereum’s uncompromising security and decentralization. Prior to the move, Tiny Colony was the top-selling collection on digital marketplace Fractal, with over 18,000 assets sold and $3 million US raised.

The Immutable partnership will allow the Tiny Colony team to resume game development and capitalize on specialized technical support and product life cycle consultation.

By adopting ImmutableX technology, Tiny Colony will be able to offer numerous new features and capabilities, including faster and more responsive performance; improved security; enhanced accessibility for new web3 gamers with the inclusion of a built-in crypto wallet; the option to pay for in-game assets with fiat currency, and more.

“We’re thrilled to welcome Tiny Colony to the rapidly growing ImmutableX family and provide the team with our full suite of tools and solutions to make the game as accessible, engaging, and performant as possible,” noted Andrew Sorokovsky, VP of Global Business Development at Immutable. “The team’s goal of building a fun and engaging web3 game that provides a variety of entertainment options and freedom of asset ownership perfectly aligns with Immutable’s own mission to power the next generation of games.”

Tiny Colony’s development team has an extensive background in the Film and TV industry. CEO and Co-founder Arshia Navabi worked on the production team for popular titles on Netflix, Disney, Prime, and Paramount. As a natural storyteller and visionary, Arshia brought together an experienced team of scriptwriters, artists, developers, and animators from lauded AAA studios such as EA, Capcom, and PlayStation to bring Tiny Colony to life.

As one of the first-ever blockchain-based construction simulations, Tiny Colony allows players to build and manage a complex underground humanoid ant colony, following seven different factions, all intertwined through an engaging story and rich lore.

To succeed, players must leverage strategic farming, mining, building cells, hatching larvae, and defending their colony against raiders if they want to survive and thrive. Other game modes in development include Gladiator Wars and Tiny Survivors, where players can use their earned assets across all game modes. Players will also earn NFTs through multiple game modes, which can be used in-game or traded.

Existing Tiny Colony NFT holders can access an MVP version of the game to test the core mechanics and provide feedback to the development team.

“We are delighted to be partnering with ImmutableX as we establish ourselves in the world of web3 gaming. ImmutableX has a strong reputation for creating top-quality games and supporting web3 gaming projects through their native platform. This partnership allows us to benefit from the specialized technical support, product life cycle consultation, and long-term direction provided by the experienced team at ImmutableX as we continue to develop Tiny Colony.” said Arshia Navabi, CEO and Co-founder of Tiny Colony.

About Immutable

Immutable is powering the next generation of web3 games through ImmutableX – the leading developer platform for building and scaling mainstream-ready web3 games on Ethereum, entirely carbon neutral and gas-free.

ImmutableX offers unparalleled support to launch a successful web3 game on Ethereum. SDKs and APIs make adding NFT functionality to a game seamless and easy, the wide ecosystem of products and partners manage all blockchain infrastructure needs, and the ImmutableX Global Order Book generates real liquidity for assets.

Today, many world-class web3 games are built on ImmutableX including Gods Unchained, Guild of Guardians, Illuvium, Embersword, Planet Quest and many more.

About Tiny Colony

Tiny Colony is an expansive pixelated construction and management simulation game. Players can immerse themselves in the rich lore while building an advanced humanoid ant colony to earn in-game resources, game assets, and many other items of the Tinyverse. Designed for asset ownership, players can choose from numerous factions and defend their colony from raiders, complete quests, and design an efficient and sustainable colony ecosystem.

Stader releases Litepaper for ETHx, its ETH liquid staking solution 3007

Stader, a multi-chain, non-custodial liquid staking protocol with ~100mn $+ in TVL, will soon launch its liquid staking token, ETHx. Stader released its Litepaper for ETHx highlighting how ETHx will boost home stakers, with the lowest bonding requirement in the ecosystem of just 4 ETH and also deliver best-in-class staking yield and DeFi for users.

The Ethereum staking ecosystem is mature with multiple protocols and entities providing services, however, an evaluation of the current state of Ethereum staking highlights some key challenges:

● High concentration of ETH staked with few entities:

  • Top 3 entities having over 50% of ETH staked through them.
  • A top liquid staking protocol that has nearly 90% market share and works exclusively with permissioned node operators.

● Liquid Staking Deposit (LSD) protocols that work with permissionless node operations have struggled to keep up with user demand.

● Beyond the top protocol, LSDs have yet to achieve meaningful acceptance in the DeFi space.

Stader’s ETHx has been thoughtfully designed to address these challenges:

  • Home stakers will be the backbone of ETHx with only 4 ETH required for bonding: Stader did an extensive data analysis in collaboration with SSV on the bond requirement and concluded 4 ETH is sufficient to cover key tail risks that impact staked funds.
  • Scalability and Resilience: ETHx will have a multi-pool architecture that includes permissionless and permissioned pools solving for decentralization and scalability at the same time. In the future, ETHx will also support a dedicated Distributed validator technology (DVT) pool that will improve node operator resilience.
  • Best-in-class staking yield to users with exposure to staking rewards, MEV and tips at a competitive commission of 10% (to be shared equally between node operators and Stader).
  • Full fledged DeFi, leveraging Stader’s expertise from building DeFi ecosystems for its liquid tokens across 6 chains. Stader has 40+ protocols supporting its LSDs including AAVE v3 (Polygon market), Balancer, Beefy, Quickswap, Apeswap, BeethovenX and more!

Amitej Gajjala, Co-founder and CEO, Stader Labs, CEO of Stader, said: “We are excited to launch ETHx soon. ETHx is meticulously designed to address key challenges in the Ethereum ecosystem. ETHx will be decentralized, yet scalable with home stakers as the backbone and permissioned operators supplementing home stakers and providing scalability. ETHx will also provide best-in-class staking and DeFi yield for its users, building on our strong, multi-chain track record in liquid staking.”

Stader’s ETHx mainnet launch is scheduled for Q1 2023.

About Stader

Founded in April 2021, Stader Labs (https://www.staderlabs.com/) is a non-custodial multi-chain liquid staking platform with over USD 110 Mn+ PoS assets staked. Currently live on 6 chains (including BNB Chain, Polygon, Hedera, Fantom, Near, etc.), users can stake PoS tokens, earn staking yields, and also amplify yields across several DeFi opportunities like Aave, Balancer, etc.

Over 25,000+ wallets have staked with Stader. Stader is backed by notable funds including Coinbase Ventures, Pantera, Jump Crypto, Accel Partners and Accomplice.

Website: https://www.staderlabs.com/

MET500.com – a new staking platform, simplicity and transparency in one 3557

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MET500 LTD has launched a great cryptocurrency staking platform. The user-friendly website offers staking on the 8 most popular cryptocurrencies at the moment: Bitcoin, Litecoin, Dogecoin, Ethereum, RIpple, Tron, Binance BNB, and the USDT stablecoin on ERC20, TRC20 or BEP20 chains.

STAKING PLANS

On the MET500 platform, we have our internal cryptocurrency wallet, after topping up we can go to the “STAK COINS” section, where we can choose 4 staking plans to block our cryptocurrencies:

  • 30 days with a reward of 1% per day
  • 45 days with a reward of 1.5% per day
  • 60 days with a reward of 2% per day
  • 90 days with a reward of 2.5% per day

APY rates are respectively: 365%, 547.5%, 730%, 912.5%.

When it comes to stable, guaranteed prizes, not taking into account exchange differences, the MET500 has a really impressive offer.

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After the lockout period ends, the base deposit returns to our balance, from where we can withdraw it to our private crypto wallet, or continue staking. Rewards are awarded every 24 hours and land directly on our MET500 wallet balance where they are at our full disposal.

COMPOUND INTEREST

To further maximize your profits, we can use the Automatic Reinvestment option, which triggers the compound interest of our investments. The system may add our daily rewards to your initial staking deposit capital, increasing it each day, creating a financial snowball effect.

When adding a staking plan, we can choose the level of reinvestment: 25%, 50% or 100%. This means that the system will increase our initial deposit every day, instead of sending prizes to our account balance. We can increase or decrease the level of compound interest at any time during the duration of the staking plan.

REFERRAL PROGRAM

The referral program implemented by the MET500 platform gives you an amazing opportunity to earn cryptocurrencies, even without any financial contribution on your part, because you get a referral link right after registration, which is free, takes 2 minutes and does not require any sensitive data.

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After logging in to the platform, you can copy your referral link and share it wherever possible so that users registered in your structure generate your future profits.

For every staking deposit made by your referral you will earn commissions. We distinguish 3 levels of users in the structure for which you will receive 5%, 2% and 1% of commission respectively. The number of users in your team can be unlimited as well as your earnings.

Earned commissions can be withdrawn immediately or can be used to make a staking plan.

WHY MET500 AND NOT STAKING POOLS?

Cryptocurrency users often look for staking pools on their own. This requires considerable experience and doing time-consuming research on your own. Many different ecosystems and decentralized exchanges offer staking through complicated token exchanges, the value of which is debatable to say the least. MET500.com offers no-trade staking, without losing the market value of your cryptocurrencies. You don’t have to exchange BTC or ETH for another token to receive daily rewards, and when looking for direct staking of cryptocurrencies on the largest exchanges and comparing the rewards with those offered on MET500, the decision what to choose probably comes to everyone right away.

TRANSPARENT COMPANY CLOSE TO USERS

MET500 LTD is a UK-registered and legally operating company managed by specialists in blockhain technology and financial markets. The security and guarantees presented by the company allow us to claim that we can entrust our cryptocurrency funds to them without any worries about tomorrow. Live chat is available on the MET500 platform with team support operating 24 hours a day, 7 days a week. The team is always there to help you operate the platform.

MET500 is a relatively new company, but prepared very professionally with large financial outlays. The company has great prospects, and we can expect further improvements soon. The company’s management is always open to suggestions from the user community and gives a lot of work to provide cryptocurrency investors with their favourite place to earn profits using their cryptocurrency funds.

Website Link: https://met500.com

SOCIAL MEDIA

Twitter: https://twitter.com/met500_com
Facebook: https://fb.com/met500
Instagram: https://instagram.com/met500com
YouTube: https://youtube.com/@met500com
Telegram: https://t.me/met500com

Korea’s leading ICT company, Lotte Data Communication, unveils a more advanced ‘hyper-realistic’ metaverse platform 3352

Korea’s leading ICT company, Lotte Data Communications (LDCC), will participate in the coming CES 2023 held in Las Vegas, USA. It will be showcasing differentiated metaverse technology at the main exhibition hall, Central Hall.

LDCC is a key affiliate of the Lotte Group in charge of DT (Digital Transformation). With total assets amounting to about 125 trillion won, Lotte Group is a global corporation that engages in various businesses such as distribution, chemicals, food, tourism, construction, and services, etc. in more than 30 countries around the world, including Korea, the United States, Japan, Vietnam, and Indonesia.

Having drawn much interest with its first CES participation last year, LDCC will feature booth space three times larger than before this time round and offer richer and more developed experiential contents.

The final version that Lotte Metaverse aims for is a world where online and offline worlds are integrated, just like the movie ‘Ready Player One’. Products purchased within the metaverse can be used in the virtual world and also be delivered in the real world. To enable such a business model, LDCC created an immersive and realistic metaverse platform based on hyper-realistic content. This is because when browsing expensive items, consumers will not click on the purchase button if they are looking at unsophisticated product images in the form of game items.

Combining real-life characters with graphic backgrounds created with the world-class graphic engine, ‘Unreal Engine 5’, Lotte Metaverse uses cutting-edge technologies such as three-dimensional real-time rendering technology, the best live-action VR shooting technology in the world, as well as ‘deep-interactive’ patents that allow users to realistically interact with objects or real-life characters in VR content, offering a strong feel of realism and immersion to shopping, entertainment and community experiences in the virtual world.

The LDCC exhibition booth at CES is made up of a ‘VR Zone’ where visitors may experience the virtual world through a head-mounted display (HMD) and a ‘3D Display Zone’ where visitors may enjoy the experience through 3D monitors. The ‘VR Zone’ is divided into a shopping area where users may purchase products such as fashion, cosmetics, and home appliances, as well as an entertainment area where users may watch movies, idol concerts, and EDM performances. For each area, about 20 visitors are allowed to access one virtual world and enjoy its contents together.

In addition, there is also a ‘Community Zone’ that offers a glimpse of the entire virtual world and its city planning, a ‘LOTTE Zone’ that offers an introduction to the Lotte Group, and a ‘Mobility Zone’ that promotes LDCC’s electric vehicle chargers.

Without any space restrictions, Lotte Metaverse is able to present products in a way more luxurious and grander than the real world. Fashion items may be displayed like works in an art gallery, whereas camping items may be showcased in an in-store forest. The virtual theater allows users to feel like they are in a real theater. By reproducing more than 65,000 spectators as digital humans, the concert hall gives users a sense of realism as if they are watching a performance with other people in front of them. This year, Korean idol group NMIXX and world-famous EDM DJ ALOK took part in the event and garnered great interest.

Lotte Metaverse aims to become a user-oriented, UGC (User-Generated Contents) based platform in the future. Rather than building a castle with blocks, users are able to buy a high-quality building in a well-planned city and luxuriously decorate their own space with luxury furniture and appliances just like in the real world. In addition, users may use their building space for various purposes, turning it into lesson and practice rooms, karaoke rooms, wedding halls, and they may even resell their buildings.

LDCC plans to launch a non-fungible token (NFT) series linked to the metaverse in the first half of this year and open an NFT marketplace and virtual asset wallet while drawing a rough sketch of the full-scale metaverse business ahead of the early access opening at the end of the year.

Cf. YouTube Link – https://youtu.be/EtyeXFU6YYM