Blockchain
Lion Announces Strategic Partnership with Dawa Future Graphic Technology to Jointly Innovate Metaverse AI Tool
Lion Group Holding Ltd. (“Lion” or “the Company”) (NASDAQ: LGHL), today announced its latest strategic partnership with Dawa Future Graphic Technology Co., Ltd. (“Dawa Technology”). Through this partnership, the two companies will jointly innovate and develop the Metaverse AI tool – “Cloud Production Platform”, establishing a new form of digital market and a leading position in the construction and development of the Metaverse field.
Dawa Technology is one of China’s largest communities for VR, AR, XR developers and content creators, that gathers veteran researchers, developers, creators and project operation teams. Committed to becoming the most important support platform of the world’s Metaverse development, Dawa Technology has developed more than 100 virtual idols and owns several of the most advanced digital video studios in China, including Asia’s largest indoor motion capture studio that allows XR shooting, which is equipped with the world’s top Vicon motion-capture system and leading LED technology. Dawa Technology owns cutting-edge technology in areas that include virtual idols, VR, virtual production, digital twins and other virtual technologies, as well as digital avatars, real-time visual effects, and AI creation tools, which are all necessary advanced technologies and components for the construction of Metaverse AI.
Qi Lu, founder and chairman of Dawa Technology, commented, “The Metaverse AI tool will solve a series of pain points in the construction of the Metaverse field, making the construction of the virtual world faster and more convenient. The 1.0 version of the cloud production platform will have core functions such as virtual asset management, film production pipelines, business systems, social systems, online education, and collaborative development. This will provide professional and complete new era digital content production solutions for individual users, institutions, and enterprises who intend to accelerate their entry into the Metaverse ecosystem. This cooperation will effectively promote the development of related businesses by leveraging the strong platform strength of Lion Group. We intend to use the complementary advantages between both parties to achieve breakthroughs in the field of creation of the Metaverse, and embrace the future together.”
Mr. Wang Chunning (Wilson), Chief Executive Officer of Lion commented, “Metaverse represents a large potential market for Lion. Our cooperation with Dawa Technology to develop the Metaverse AI tool represents an important step of our entry into the Metaverse field. The Metaverse AI tool is fundamental to the creation and continuous growth of the Metaverse field. We believe this reshaped virtual world of human cognition has strong practical guiding significance and commercial value. We believe the value of the Metaverse production platform will grow rapidly over time. Concurrently, developments in the field of blockchain technology and NFT will also play a key role in shaping the Metaverse. Earlier this year, we independently developed and operated the cross-chain high-expansion NFT one-stop trading platform Meta World, which was also one of the important layouts for the innovation and development of the Metaverse field. In the future, we intend to continue our efforts to develop future industries related to Metaverse.”
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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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