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The 2022 Web3 Transformation Champions Felicitated at the MetaDecrypt Summit

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Dubai, United Arab Emirates–(Newsfile Corp. – July 13, 2022) – MetaDecrypt Web 3.0 Summit, powered by Woodstock was hosted at the Museum of the Future on July 2nd-3rd 2022, in exclusive collaboration with Khaleej Times.

The summit was inaugurated by Khalifa AlJaziri, AlShehhi, Co-Founder, Dubai Blockchain Center, Ministry of Economy – Advisor – Metaverse & XR. Khalifa shared Dubai’s vision to be the center of Web 3.0 technologies and the efforts UAE is taking to be a country that is open to innovative, futuristic Web 3 opportunities with ease in regulations and providing all the support the players may require in this ecosystem. “At the end of the day, you want to be in an ecosystem that accepts you and is waiting for you. At the local and federal levels, we are aware of what’s happening globally and are part of creating the future for everyone. We have the appetite to change regulations with the help of the Regulation lab – a lab to test regulations. It is over and above the federal and local governments giving individuals 6-12 month licenses to test their future-oriented technologies”, said Khalifa Aljaziri, Al Shehhi.

The two-day knowledge summit encompassed masterclasses and panel discussions by experts from the Web 3.0 space deep-diving into Blockchain, Mining, Fundraise, NFTs, Metaverse and the Future of Work. With over 50 global speakers sharing deep insights and views on the potential of the Web 3 technologies and the accelerated pace at which it is growing. “The market size of the Metaverse is predicted to be USD 800 billion by 2024, and we expect 10,000 Metaverse-related jobs over 5 years”, says Thomas Kuruvilla.

The summit ended with felicitating individuals and companies that have been playing a vital role in transforming and shaping the Web 3.0 space.

Figure 2: The 2022 Web3 Transformation Champions felicitated at the MetaDecrypt Summit

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Figure 4: The 2022 Web3 Transformation Champions felicitated at the MetaDecrypt Summit

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Figure 7: The 2022 Web3 Transformation Champions felicitated at the MetaDecrypt Summit

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Figure 9: The 2022 Web3 Transformation Champions felicitated at the MetaDecrypt Summit

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Figure 11: The 2022 Web3 Transformation Champions felicitated at the MetaDecrypt Summit

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Figure 13: The 2022 Web3 Transformation Champions felicitated at the MetaDecrypt Summit

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Figure 15: The 2022 Web3 Transformation Champions felicitated at the MetaDecrypt Summit

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Blockchain

Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)

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blocks-&-headlines:-today-in-blockchain-(brics,-hungri-games,-nano-labs,-metahorse-unity)

 

Building Customer Trust in AI with Blockchain

Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.

Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.

Source: Harvard Business Review

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Blockchain at a Crossroads: Balancing Promise and Peril

As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.

The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.

Source: Cointelegraph


BRICS vs. USD: Blockchain’s Role in Economic Shifts

The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.

This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.

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Source: CoinGeek


Hungri Games Expands MetaHorse Unity to Base Blockchain

Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.

By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.

Source: CoinTrust


Nano Labs Purchases Trump Tokens to Celebrate Presidency

Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.

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The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.

Source: PRNewswire


Final Thoughts: Blockchain’s Expanding Horizons

This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.

While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.

 

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CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo

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OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara

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The World Market for RegTech 2025-2030: Growth Trends, Industry Chain Analysis, Regional Insights, SWOT Analysis and Market Shares of Leading Players – Thomson Reuters, Deloitte, PwC, Accenture, IBM & More

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