As the first in what will be an ongoing series in 2024, this accelerator program is focused on startup innovations seeking to unlock the $2.2 trillion DePIN, AI, and real-world value in Web3.

FutureMoney Group, a Web3 investment firm, launches a $5M Decentralized Physical Infrastructure Network (DePIN) accelerator program in partnership with IoTeX Foundation, the organization behind IoTeX, the leading modular Web3 infrastructure platform connecting smart devices and real-world data to blockchains. As the first in what will be an ongoing series in 2024, this accelerator program is focused on startup innovations seeking to unlock the $2.2 trillion potential in DePIN, AI, and real-world value in Web3.

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FutureMoney Group is particularly interested in the disruptive potential of DePIN given the ubiquity of data across devices that are ripe for verification via blockchain to create new funnels of value for data suppliers.

EO Hao, Founding Partner of FutureMoney Group, shared, “We’re very excited to be launching a DePIN-focused accelerator to support some of the most innovative entrepreneurs with the leading DePIN infrastructure provider IoTeX. We are especially interested in DePIN projects that accelerate geographic diversity, environmental responsiveness, and democratizing access to scarce data resources.”

Jing Sun, Co-Founder and Head of Investment of IoTeX, said “There is a massive untapped opportunity for innovative startups to capitalize on the wave of momentum in decentralizing physical infrastructure and bring verified, real-world data on-chain. We are excited to be a part of this first-of-its-kind DePIN accelerator program in what will be an ongoing series to discover and empower forward thinking entrepreneurs.”

The virtual accelerator is open for applications beginning December 24th 2023 through January 14th 2024, with the first Demo Day being hosted at the end of February, 2024. This 6-week virtual acceleration program, being led by FutureMoney Group and the IoTeX Foundation, is focused on providing the best-in-class network and resources for founders. Participants in the accelerator program will receive support on how to build and launch their DePIN project, with specific areas of focus on mentorship, workshops in DePIN flywheel, tokenomics, pitching and funding support, tech workshops, dev modular building blocks, go-to-market support, liquidity boosting, and community growth.

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The $5M USD contributed to the accelerator program will be distributed in $50K increments per project, with additional funding available for selected projects.

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[To share your insights with us, please write to sghosh@martechseries.com]

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WEMIX PLAY on-chain Web3 games will be available on LG screens for the first time

Leading South Korea-based global game developer Wemade is expanding its Web3 gaming ecosystem with the upcoming launch of popular WEMIX PLAYhosted games on LG Smart TVs and monitors1.

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This marks the first time that games hosted on the WEMIX PLAY blockchain gaming platform will be available on LG screens, setting a new milestone in Wemade’s mission to build a blockchain-based mega-ecosystem.

LG Smart TV users will be able to download and play Anipang Match, a puzzle game developed by subsidiary Wemade Play, and the farming simulation game Every Farm from Wemade Connect.

Anipang Match and Every Farm will also be available on LG lifestyle screens StanbyME, StandbyME Go and smart monitors.

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The two titles are among the 35+ games of different genres available to millions of users on WEMIX PLAY, the world’s biggest blockchain gaming platform.

Leveraging the momentum, WEMIX PLAY and LG are also planning to collaborate on  providing a richer, more enjoyable gaming experience on LG screens.

Since its launch on LG Smart TVs in 2014, webOS has become one of the most widely used smart TV platforms in the world, powering more than 200 million LG screens worldwide.

1Available globally except for mainland China, Singapore and South Korea.

Part of the first generation of Korean PC online game developers and Korean mobile game developers, Wemade is at the forefront of the next wave of Web3 game developers that are innovating with blockchain technology. Based on the WEMIX3.0 Mainnet, the WEMIX PLAY blockchain gaming platform is the world’s biggest with millions of users and a wide range of game genres from card, puzzle, simulation and strategy games; to first-person shooters, battle royale, MOBA, MMORPG, SNG, sports games and more.

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OKX a leading Web3 technology company ,has issued updates for the day of December 6, 2023.

OKX Wallet Now Integrated with Nostr Asset Protocol

OKX Wallet is now integrated with Nostr Asset Protocol, an open-source protocol that introduces Taproot assets and Satoshis into the Nostr ecosystem.

Once the assets are introduced, users can send and receive them at the Nostr Protocol layer using Nostr’s public and private keys. The settlement and security of assets still rely on the Lightning Network, and the Nostr Assets Protocol itself does not issue assets but only introduces them into Nostr through the protocol.

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Nostr (“Notes and Other Stuff Transmitted by Relays”) is a simple, open protocol that enables global, decentralized, and censorship-resistant social media.

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

• OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.

• DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.

• NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.

• Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

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OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

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The innovative layer one (L1) blockchain passes intense due diligence to help build a more open and secure Web3 

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Fujitsu Japan and Kanazawa Institute of Technology collaborate in local revitalization initiatives using digital technology

 Fujitsu Japan announced the start of a collaboration with Kanazawa Institute of Technology  through Kanazawa Institute of Technology’s Izuhara Laboratory  to promote the practical application of technology through industry-academia collaboration for local revitalization. Fujitsu and Kanazawa Institute of Technology will launch an initiative to issue NFTs  utilizing the “Fujitsu Web3 Acceleration Platform”  to visitors of the “Kanazawa Tsukimikoro”  illumination event that will be hosted by the Kanazawa Institute of Technology. As part of their collaboration, Fujitsu and Kanazawa Institute of Technology will display NFTs through a dedicated AR application “Connect Kanazawa 2,” during　the “Kanazawa Tsukimikoro” event which aims to connect the real and virtual world.

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Through this initiative, Fujitsu Japan and Kanazawa Institute of Technology aim to raise positive awareness around NFTs and also offer participants a new local experience that links advanced technologies with cultural events at the traditional town of Kanazawa. Moving forward, Fujitsu and Kanazawa Institute of Technology will test application of NFTs in the development of various local services. Fujitsu Japan will further promote initiatives leveraging digital technologies to contribute to the solution of societal issues in communities with declining birthrates and aging populations.

Professor Ritsuko Izuhara, Kanazawa Institute of Technology, Department of Media Informatics, College of Informatics and Human Communication, comments:

“At the Kanazawa Institute of Technology we aim to solve societal issues through industry-academia-government collaboration. We are excited to collaborate with the Fujitsu Group in the “Connect Kanazawa 2” project to publish a one-of-a-kind NFT. In this way we hope to provide visitors with a special experience that will attract new interest in the Kanazawa region. Kanazawa Institute of Technology will continue to collaborate and co-create with the Fujitsu Group to realize a sustainable future society and contribute to the promotion of Society5.0 and the SDGs in Japan.”

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Background

Declining birthrates and an aging population represent an ongoing challenge for many local communities. In addition to “re-settlers” and tourists, the growing importance of nonresident population – population that does not permanently live in a certain region but has a strong relationship with it – has been gaining increasing attention within initiatives to drive the revitalization of local communities.

Kanazawa Institute of Technology is promoting practical education to contribute to the solution of societal issues through industry-academia collaboration, with Kanazawa Institute of Technology’s Izuhara Laboratory putting special focus on the use of digital technology in local communities.

In March 2023, the Fujitsu Group launched its “Fujitsu Web3 Acceleration Platform,” Fujitsu’s platform to co-create transformational, value-added solutions to a variety of issues facing society, offering access free of charge to select participants of its global partner program, “Fujitsu Accelerator Program for CaaS”. To further strengthen the relation of nonresident population with local communities and ultimately contribute to local revitalization, Fujitsu Japan and Kanazawa Institute of Technology’s Izuhara Laboratory started a joint project to issue NFTs using Web3 technology.

Outline of the initiative

As part of their collaboration, Fujitsu Japan and Kanazawa Institute of Technology will combine Fujitsu’s Web3 technology with an AR application created by Kanazawa Institute of Technology to issue an NFT to visitors of the “Kanazawa Tsukimikoro” event.

To offer visitors an experience that links the real and digital world, Kanazawa Institute of Technology will present an event combing projection mapping with a live piano performance to both visitors of the event venue and participants in a simultaneous virtual event. The event will also include an augmented reality (AR) experience in combination with projection mapping. Participants who look at the event site using a dedicated web application on their smartphone will see the image of a rabbit on their smartphone. When tapping on the rabbit, visitors will receive an NFT of the rabbit with the projection mapping as a background.

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 [To share your insights with us, please write to sghosh@martechseries.com] 

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Developer talent, comprising both students and professionals from top companies such as Meta, Google, and Coinbase, will compete for a portion of the $40K prize pool

vechain, a leading enterprise-grade L1 public blockchain, will host a hackathon at Harvard in partnership with Boston Consulting Group (BCG) and Web3 educational mobile app, EasyA. The event aims to foster the development of sustainable decentralized applications on VechainThor, vechain’s public network, as the teams work towards solving real-world enterprise use cases.

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200 of the world’s best developers, selected from Meta, Google, and Coinbase, as well as elite universities like Harvard, Princeton, Yale, Wharton, and Stanford, will participate. The developers were selected from a pool of over 10,000 candidates who participated in vechain’s #60Daysofvechain in-app campaign, carried out in collaboration with EasyA. The hackathon includes several different tracks, including a “Shark Tank” session, allowing business and sustainability club students to compete for smaller cash prizes. These tracks also encourage the use of vechain’s VORJ tool, which enables users to deploy smart contracts easily without knowing how to code or having to pay any transaction fees.

WHY:

Sunny Lu, CEO at vechain said: “Today’s developers are building technologies that are shaping the business environment of tomorrow. Sustainability is multi-faceted – vechain is helping enterprises achieve sustainable growth by unlocking new forms of value, while also furthering the global sustainability agenda in terms of individual, economic and environmental outcomes.

Web3 is the engine of collective change, with the power to tokenize and incentivize action at the individual level while facilitating collaboration at entirely new scales. By supporting developers with tools that make building out Web3 simple, vechain, in turn, further accelerates the pace of blockchain adoption, showcasing its viability as a tool for impactful change. I’m excited to collaborate with such high-caliber talent and showcase VechainThor as a platform for real innovation.”

Dr. Bernhard Kronfellner, Partner and co-lead of the digital asset and blockchain group at Boston Consulting Group, said: “The vechain hackathon is further evidence of vechain’s commitment to bring real-world sustainability applications to large enterprises to enhance their operations. It is also a testament to vechain’s ability to bring meaningful ideas to life and make the world a better place thanks to blockchain technology—a mission BCG is proud to support.”

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Felix Kwok, Harvard Research Labs President, commented: “All of our team have now completed the EasyA vechain challenges and we can’t wait to start building at the hackathon! vechain’s partnerships with world-class organizations such as BCG and UFC make it appealing to a wide range of developers, from students to professionals across the US, who are flying in for this two-day hackathon.

WHERE:
Harvard’s brand new $1.2 billion, 500,000 sq ft., Science and Engineering Complex.

HACKATHON DETAILS:
The event will feature keynotes from Sunny Lu, CEO at vechain, and Dr. Bernhard Kronfellner, Partner and co-lead of the digital asset and blockchain group at Boston Consulting Group, who will also judge the event.

EasyA: Prior to the hackathon, the event will kick off with a #60Daysofvechain challeges series on the EasyA mobile app, equipping developers with knowledge around vechain’s tools and ecosystem
Talks and workshops: the event will include three workshops and tracks.
BCG’s track will discuss and provide challenges pertaining to areas where blockchain solutions stand to have a significant impact.
vechain’s track will invite participants to explore and implement ideas using vechain’s highly sustainable and intuitive blockchain solutions.
BUIDL: The hacking period will last 36 hours, after which projects will be judged by a panel of industry veterans and academic leaders.
Prize pool: Developers will compete for a portion of the $40,000 in prize pool and the opportunity to access additional funding to develop their projects.

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[To share your insights with us, please write to sghosh@martechseries.com]

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Converging insightful conversations to empower innovation and spark inspiration

Bitget, top crypto derivatives and copy trading platform, is thrilled to unveil the highly anticipated Bitget EmpowerX Summit, slated for September 12, 2023, in Singapore. This landmark event promises to be an extraordinary gathering of minds, dedicated to exploring the vast potential of Crypto and Web3 and their transformative impact on society. A Web3 pitching competition, in collaboration with Hello Labs, will allow attendees to experience the excitement of a reality show firsthand.

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Bitget’s commitment to fostering a deeper understanding of Web3 and crypto takes center stage with the introduction of the Bitget EmpowerX Summit. This groundbreaking summit aspires to bring together innovators, creators, and visionaries who are shaping the future of decentralized technologies. By convening thought leaders, change-makers, and enthusiasts, Bitget aims to inspire a collective vision for a world empowered by the possibilities of crypto and Web3.

A significant highlight of the EmpowerX Summit is the riveting Web3 pitching session in collaboration with Hello Labs. Inspired by the upcoming Netflix reality show “Killer Whales”, this dynamic competition exemplifies the innovative spirit of Web3 projects and highlights the limitless possibilities of decentralized creativity. Summit attendees will get an exclusive preview of the “Killer Whales” reality show on-site, as participating projects pitch before a star-studded judging panel. The winning project will also have the chance to be featured in Season 2 of “Killer Whales.”

The summit boasts an impressive lineup of distinguished speakers, each a trailblazer in the world of crypto and Web3. Haseeb Qureshi, Managing Partner of Dragonfly, will share his insights into the intersection of finance and technology. Sebastien Borget, Co-Founder & COO of Sandbox, will offer a unique perspective on the evolution of virtual worlds and digital assets. Justin Sun, founder of Tron (TRX), will provide valuable insights into the future of blockchain and crypto.

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Gracy Chen, Managing Director at Bitget said, “Beyond the technological advancements, we hope that the Bitget EmpowerX Summit can serve as a beacon for demystifying Web3 and crypto, making them accessible to a broader audience. In an era of rapid transformation, Web3 represents more than just technology. It embodies a shift towards empowerment, inclusivity, and a global community.”

“While the promise of financial freedom and open opportunity in Web3 is exciting, mainstream adoption still faces challenges. Bitget aims to spark widespread enthusiasm for this new frontier. We provide easy-to-use yet powerful tools for anyone to explore crypto on their own terms. Our goal is to make decentralized technology accessible, so more people can be empowered”, Gracy adds.

Bitget’s EmpowerX Summit is an invitation to join a movement that transcends boundaries and imagines a world where individuals are not just spectators, but active participants in the crypto revolution. With engaging sessions, thought-provoking discussions, and a tantalizing teaser video, the summit offers a unique opportunity to immerse oneself in the world of Web3 and crypto.

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We’re on the precipice of an exciting era of digital discovery. The advent of web3 is creating new opportunities for tech-savvy businesses, giving them innovative ways to engage with customers and increase profitability. While some might dismiss “web3” as a buzzword or think it’s still a long way off, that couldn’t be further from the truth. For example, almost 40% of Interbrand’s top 100 global brands in 2022 have already entered web3. With recent advances in asset tokenization, brands can now convert physical, brand-related items into NFTs in an easy and safe manner. The future is already here, and companies of just about every industry should already be thinking about ways to make the move from the physical to the digital world for a chance to augment the way their business earns revenue.

The technology enabling this transformation is the blockchain, the decentralized backbone of web3. Blockchain provides the infrastructure needed to take advantage of these opportunities; it’s a digital canvas upon which you can paint innovative new ways to engage and surprise your audience — while simultaneously energizing your own revenue streams.

Here’s what to keep in mind as you navigate this new era of the internet and find ways to benefit your bottom line.

Understanding Blockchain and the Modern Web3 Landscape

One of the reasons this new frontier can be difficult to navigate is that explanations of terms like “web3” can be frustratingly murky. You’d be forgiven if you think web3 refers to some winding chain of cryptocurrency and ledgers existing in the metaverse, but the reality is much more straightforward – web3 is the latest chapter of internet history, defined primarily by tokenization and decentralization. The blockchain, a shared, immutable ledger for recording transactions, is the foundation upon which these pillars are built.

So, why is blockchain technology necessary for this move into the future? It provides businesses with a number of benefits, including:

• Increased security and transparency: Businesses can use blockchain to track and verify transactions more accurately thanks to its secure, tamper-proof nature. Additionally, because the blockchain is decentralized, this helps businesses avoid fraud – no one can make any changes or withdrawals without making others aware.
• Reduced costs: Blockchain can help businesses reduce their costs in a number of ways. For example, blockchain can be used to automate payments and settlements. This can save businesses time and money on processing fees. Additionally, blockchain can be used to create new revenue streams, which can help businesses offset their costs.
• New revenue streams: Whether you provide customers with products, services, or experiences, blockchain can open up new business opportunities – more on that below.

How Blockchain Drives Revenue

Don’t underestimate blockchain’s ability to drive revenue both in concert with other web3 concepts and by itself. Keep in mind that these aren’t the endpoint of how incorporating the blockchain into your business will bolster your finances, they’re fundamentals that can be mixed and matched in countless ways.

Tokenization

In the context of web3, “tokenization” can mean a few different things, but for our purposes, we’ll define it as the process of converting something into a digital asset represented by a token. That “something” could be almost anything: high-end sneakers, backstage concert passes, digital artwork, even meet-and-greets with fan-favorite celebrities. These tokens, called NFTs (non-fungible tokens), are stored on the blockchain, meaning customers who buy tokenized offerings will always have proof of ownership and a record of the transactions that came before.

This is a massive opportunity for businesses that want to monetize their products further by taking parts of the business that exist in the physical world and using web3 technology to digitize them in the form of tokens. Not only do these businesses get outright sales from any NFT drops, but they can also use smart contracts to collect royalties every time the NFT changes hands – hence the need for a secure ledger to record these transactions.

On top of the straightforward sales potential, going “physical to digital” positions your brand as one that’s embracing the future, which can expose your products to new audiences. For example, Nike’s shoes have long been a favorite of sneakerheads, but the footwear brand’s moves in the web3 space mean that the younger, more tech-savvy crowd is also paying attention. In 2021, Nike acquired RTFKT, a leading creator of digital assets; their first post-acquisition collaboration, Nike Cryptokicks iRL, had fans clamoring for a limited-edition pair of sneakers, with some charging six figures on secondary markets in the aftermath of their 2022 launch. The combination of rarity, design, and technology is bringing together consumers of all stripes, creating fresh revenue opportunities for Nike along the way.

Decentralization

While tokenization and NFTs provide direct revenue streams, don’t count out decentralization’s impact on your budget. Because the blockchain was designed with security, accuracy, and transparency in mind, you can make transactions without the need for third parties that previously served those purposes. This reduces third-party expenses while giving those on both sides of the transaction peace of mind.

And that’s just the beginning; enterprising blockchain users are continually finding new ways to streamline operations and drive revenue using web3 technology. Decentralized crowdfunding, for example, allows companies to rely less on traditional investors, and generally speaking, obtaining funds on the blockchain is faster and less expensive than traditional fundraising. Payments made in cryptocurrency also typically incur lower penalties while providing the same level of security you would expect from a major financial institution.

When it comes to the potential blockchain has to boost your bottom line, we’re just starting to explore the possibilities. One thing is clear, though – those who write off web3 as just another tech fad are going to be left behind. Failure to adapt is a death knell for any industry that wants a steady stream of new customers, so don’t wait until it’s too late to start planning your web3 business strategy.

[To share your insights with us, please write to sghosh@martechseries.com]

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