Weekly Digest

UAE’s Falcon Gate Ventures Rolls Out $100M Fund to Support Web3 and Blockchain Projects

Falcon Gate Ventures launched the $100 million Web3 innovation fund to support global Web3 activities, boost creativity, and make the UAE a leading digital center. Gate Ventures and the Abu Dhabi Blockchain Center share blockchain, digital assets, and regulatory compliance expertise. In collaboration with authorities, the initiative balances innovation and user safety to ensure blockchain technology's security. In a groundbreaking move set to revolutionize the digital economy, Gate Ventures and the Abu Dhabi Blockchain Center have announced the...

Story Protocol’s $80M Series B Fuels Blockchain Innovation for IP Protection

Story Protocol uses blockchain technology to protect IP and provide writers with fair remuneration in the AI future. A Series B investment round...

Ghana Moves to Regulate Crypto Market: BoG Announces New Draft Guidelines for Exchanges

The Bank of Ghana (BoG) has introduced draft guidelines to regulate cryptocurrency exchanges in the country. Cryptocurrency exchanges, or Virtual Asset Service Providers...

Bitwise Expands to Europe with ETC Group Acquisition, Set to Lead in Crypto ETFs

Bitwise Asset Management enters the European bitcoin market by acquiring ETC Group, broadening its worldwide influence. Aiming to mirror US success in Europe,...

Samsung’s OLED Tech Meets Microsoft’s Mixed Reality: New Era of Metaverse Hardware

Microsoft is partnering with Samsung to develop new metaverse hardware to rekindle interest in the metaverse space. The partnership aims to develop cutting-edge...

Mastercard and Scale Team Up to Drive Financial Inclusion and Innovation in Africa

Mastercard and Scale fintech's relationship seeks to expand fintech services and financial inclusion across Africa and the Middle East. A...

SEC Lawsuit Hits Hard: DraftKings Scraps NFT Marketplace Overnight

Legal issues and a class action lawsuit claiming NFTs as unregistered securities have caused the DraftKings NFT platform to stop operating. The case...

Unjust Burdens? Artists Challenge SEC Over NFT Regulations

Artists Brian Frye and Jonathan Mann have sued the SEC to clarify the overall NFT Security Status. Drawing comparisons with Taylor Swift concert...

The State of the NFT Market Report in July 2024

According to the NFT market report, sales decreased by 36.6% in July 2024, carrying over from June's decrease. NFTs based on Ethereum dominated...

AI Crime Prediction in Argentina: A Step Forward or a Privacy Nightmare?

Argentina has launched an AI Crime Prediction system utilizing face recognition and machine learning to forecast future crimes. Human rights groups have expressed...

Unlock Pixelverse’s Exclusive Skins: Early NFT Minting on TON

Pixelverse NFT minting officially launched, introducing new features to the TON Network. Exclusive in-game character skins that improve gameplay are available on the NFTs. Trading will start on September 14, and minting will entail paying network fees. The Pixelverse Multiverse has just launched its Early NFT...

AI vs. Human Voices: The High-Stakes Strike Shaking the Gaming World

Represented by SAG-AFTRA, video game actors are challenging artificial intelligence issues and their possible effects on their profession. Well-known voice performers like Jennifer...

Miladycraft Metaverse Explores ‘Network Spirituality’ Through Minecraft Social Experiments

A unique Minecraft server connected to the Milady Maker NFT community, Miladycraft Metaverse functions as a gathering spot and a work of philosophical art. The initiative seeks to harness human drives for inner fulfillment and investigate sociality models. Activities emphasizing the server's role in social experimentation and community building include the Second Annual Grand Remilia Ball. A Minecraft server tied to the Milady Maker...

From Local to Global: Google’s AI Academy Aims to Position Pakistan as an AI Hub

The recent Google AI Program aims to foster AI startups in Pakistan and the APAC region by offering expert guidance, financial support, and...

Meta’s Q2: High Metaverse Costs Offset by AI Advancements

Meta metaverse investment reported a substantial revenue of $49 billion in Q2 2024, with a 22% increase from the previous year, despite significant...

Caristo’s CaRi-Heart AI Platform Aims to Transform Cardiac Health

Caristo Diagnostics has developed the CaRi-Heart AI platform, an AI heart attack detection to identify cardiac inflammation and prevent heart attacks. The AI...