Blockchain
AAG, Formerly AAG Ventures, Doubles Down on Metaverse Bet Amid Strategic Rebrand
Singapore, Singapore–(Newsfile Corp. – August 29, 2022) – AAG Ventures, the web3 infrastructure company, is expanding its bet on the Metaverse after a successful year of providing value to underprivileged people who used AAG to benefit from the Play2Earn revolution.
source: AAG
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As part of the strengthened strategic course, AAG Ventures will now be known as just AAG. This reflects the commitment of the company towards building web3 products and services, as well as removing any potential confusion as to what AAG was about.
AAG, standing for “Achip and Achair Global”, is inspired by the 1982 World Series of Poker winner Jack “Treetop” Straus. Straus thought he was eliminated after losing a big pot, only to find a single $500 chip hidden under a napkin, and fought all the way back from just “a chip & a chair” to eventually win the main event. AAG’s founders also had nothing but “a chip & a chair” when they started as a guild for Play2Earn games like Axie Infinity. Within seven weeks of the launch of their Axie Infinity scholarship program, the platform onboarded 1500 guild members or “scholars.” Since then the guild expanded to 7 countries including Philippines, Indonesia, Brazil, India, Russia, Nigeria, and Argentina.
Following the success of the guild, AAG recognized that there were significant gaps in the web3 ecosystem for mainstream consumers, and set out to build more intuitive products to support Play2Earn games, guilds, as well as services to support learning – as a start. In December 2021 AAG raised $12.5M in private funding to accomplish that goal. The new, simpler name reflects AAG’s much wider scope.
AAG has several releases lined up for the remainder of 2022. AAG’s next major product launch will be their wallet in Q4 of this year. As part of the rebranding, the name of the upcoming AAG Wallet has been unveiled: MetaOne Wallet. The easy-to-use wallet will provide a one-stop-shop for the users’ metaverse and blockchain identity. Beta launch is on track for Q3 2022, as well as a new website, more GameFi opportunities, and additional exchange listings.
Jack Vinijtrongjit, Co-Founder and CEO at AAG. “In order for web3 to reach mainstream adoption, the industry has to reach a certain level of maturity as a whole. Until now, the focus has been mainly on developers and early adopters. We are here to change that. We need to provide a much better user experience while protecting the overall ideas of web3, which means openness, access, and decentralization.”
About AAG
AAG, formerly AAG Ventures, is a web3 infrastructure company focusing on providing software that helps simplify interactions with blockchain applications and the Metaverse for mainstream users and traditional companies. AAG provides a secure and easy-to-use crypto wallet, as well as infrastructure software, such as a cross-chain search engine and GameFi SDK for enterprise companies. With the belief that education is the key to unlock the potential of web3, AAG is also exploring the concept of Learn-and-Earn with the mission of enabling economic opportunities worldwide via the Metaverse economy. AAG aims to bring 1 billion people into the Metaverse economy by 2030.
Contact:
Dan Horowitz
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/135173
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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