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
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
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