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European Gaming Congress 2024

Blockchain

MetaOne: GameFi is an untapped jewel in the making

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Marrtin Hoon, CEO of MetaOne shares his thoughts on how gaming industry has always been evergreen as gamers will always play games regardless of the global economic situation. In fact, more will find solace through the world of gaming. The hottest topic in town would be the evolution of GameFi, the fusion of the words “game” and “finance” which stands for monetization of the gaming experience. Making money playing online games has been around for some time, but with the emergence of GameFi since the 2020s, people are actually making a living by playing these games.

Despite all the hype, there is still a huge potential for community growth as making the switch from traditional gaming to GameFi requires effort, knowledge building, or in certain cases, cash.

Created by Gamers, MetaOne project is committed to reach out to this untapped community to shed the path towards GameFi by neutralising the transition barriers with their single interface platform.

The MetaOne platform highlights effortless onboarding with its one-stop guild management system that facilitates sign ups from all gamers and followers. Their integration with GameFi partners make BigData analysis possible with in-game insights that empower decision makers to execute secure cross-chain NFT activities via their Smart Contract protocol. The ecosystem within is looking forward to bringing tremendous benefit to all stakeholders while contributing to the GameFi space expansion.

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“The market now is very turbulent but also gave us an opportunity to prove some key points. MetaOne’s key strategy has always been to convert this massive group of gamers to enter into GameFi through a credible platform that provides science and data clearly to them for making right choices. This will have material impacts to GameFi studios and ultimately the blockchain community,” said Marrtin, CEO of MetaOne, “We are so excited about communicating this vision to all geographical regions and realizing it into real executable plans where guilds, gamers, GameFi studios and users can see and feel the tangibles.”

Fundamentally, Metaone does not compete with Guilds, games, and online ecosystems but rather is a comprehensive enabler and force multiplier for the Gamefi space, integrating analytics, guild management, NFT asset management, and Game NFT activities that can be harnessed to empower these spaces plus changing how the industry operates.

Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

Blockchain

Global Fintech Market Size To Worth USD 1009.10 Billion By 2033 | CAGR Of 14.01%

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Blockchain

Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches

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Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.

In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.

While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.

Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.

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Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.

Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.

Source: shakirabrasil.info

The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.

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Italy Ramps Up Crypto Oversight in Line with MiCA

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Italy is preparing to strengthen its oversight of cryptocurrency markets to align with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This initiative, initially enacted in 2022, aims to impose stricter monitoring of digital asset markets, particularly targeting insider trading and market manipulation. Under the new decree, fines ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) will be imposed based on the severity of violations, reinforcing compliance and market integrity.

For blockchain firms and decentralized finance (DeFi) protocols, MiCA presents significant challenges. These entities must decide between fully decentralizing their networks or complying with MiCA’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Fully decentralized networks are exempt from reporting requirements but risk non-compliance if they employ foundations or intermediaries moderating communities.

Centralized exchanges like Binance are adapting to MiCA by categorizing stablecoins as authorized or unauthorized, aligning with regulatory requirements without delisting these assets from spot markets. Uphold has similarly adjusted by delisting certain stablecoins for compliance purposes.

Despite regulatory pressures, experts are optimistic about stablecoins’ future. Figures like Jeremy Allaire, CEO of Circle, predict stablecoins could represent 10% of the money supply within a decade. They anticipate widespread adoption driven by benefits such as financial inclusion, lower remittance costs, and seamless cross-border commerce via public blockchains.

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This regulatory framework underscores the transformative potential of stablecoins and blockchain technology within the global financial system.

Source: coinfomania.com

The post Italy Ramps Up Crypto Oversight in Line with MiCA appeared first on HIPTHER Alerts.

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