Blockchain
Web3 Community Platform Metasky brings in US$ 1.8 million led by Sequoia Capital India, Woodstock Fund
Metasky, a platform aimed at the intersection of Web3 and the creator economy, has raised US $1.8 million in a pre-seed token sale round led by Sequoia Capital India and Woodstock Fund. Metasky positions itself as a bridge to Web3 – working with influencers, creators, and brands closely to form a Web3 strategy for their followers with the help of its user-friendly tools for buying, storing, and using NFTs (non-fungible tokens).
Web3 is a set of technologies that give ownership of digital assets and data straight to end users. Ownership is given in the form of NFTs and Crypto Tokens. This new approach gives communities the same power that large centralised companies like Google and Facebook have long monopolised – opening avenues for new business models that are far more creator friendly. Metasky’s platform aims to convert people from being mere social media followers into engaged members of a brand’s digital world.
Metasky is launching a user-friendly Web3 Wallet that democratises access to the decentralised world by making it easy for anybody to buy and securely hold Crypto Assets (NFTs and crypto tokens). Metasky’s Wallet can seamlessly integrate inside any existing website or application, converting any existing app to a Web3 app. These assets can then be used to provide exclusive benefits to token holders. These benefits range from unlockable digital content of your favourite creators, exclusive chat rooms and live streams, to backstage access into their offline events.
Commenting on the fundraise, Ankit Arora Co-Founder at Metasky said, “Metasky itself is organised as a decentralised community. It is the most efficient way of aligning a group of people towards a shared goal. We want to walk the talk that decentralisation is important, but it is a means to an end. Concepts like NFTs only make sense if they are accompanied with a strong set of utilities, a passionate community, and real governance rights. We are building Web3 tools to serve this purpose.”
Metasky was founded in 2021 by Ankit Arora and Prakhar Sharma to elevate NFTs from just images into objects that are alive and packed with exclusive benefits. “Ankit and Prakhar are accomplished company builders, and we are excited to work alongside them as they create a holistic platform for NFT communities.” Shailesh Lakhani, MD, Sequoia India.
Metasky recently launched its first community led project called “Tanukibles” – a play-to-earn game which has started its journey as an NFT collection. Tanukis are animals native to Japan, deeply embedded in Japanese mythology. Anyone can be a part of the production team of Tanukibles by getting one of 9999 limited edition Tanukis. Some Tanukis are rewarded to community participants on merit, others are scheduled to be up for public sale in April.
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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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