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
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
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
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.
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.
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.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
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