Blockchain
Star Atlas Launches Initiative to Establish Web3 Security Framework
Star Atlas, a next-gen metaverse with triple-A game design and Unreal Engine 5 graphics built on the Solana blockchain, announced an expanded focus on security to ensure consumer protection and digital safety in the metaverse. This multi-pronged initiative includes signing Kudelski Security, the cybersecurity division of the Kudelski Group – the world leader in digital security, and the forefront leader in providing security solutions for major blockchain-based applications, exchanges, and ecosystems – as its security partner. Kudelski Security will perform ongoing audits and analysis to help ensure the integrity of the Star Atlas metaverse is maintained and both partners will work together to explore setting standards for web3 security.
“We are pleased to partner with the team at Kudelski Security to advance the digital security of our fast-expanding metaverse,” said Michael Wagner, Co-Founder and CEO of ATMTA, Inc., the principal development studio of Star Atlas. “We understand there is a lot of skepticism when it comes to web3 and security, so we want to be proactive by partnering with one of the top cybersecurity firms to help make sure our community feels safe. Protection of assets is paramount, and we look forward to working with Kudelski Security to establish the best practices for security when it comes to web3 gaming.”
As security auditor of record, Kudelski Security will increase the safety and security of the Star Atlas metaverse by testing the protocols and looking for potential vulnerabilities to be addressed. Star Atlas players will have greater assurance that the metaverse has been built securely and tested rigorously, and that Star Atlas has taken the necessary action to become the leader in the web3 space when it comes to security.
The relationship with Kudelski Security goes beyond the hardening of the Star Atlas environment. Star Atlas is looking to expand collaborations with the wider Group to focus on new standards that can help to transition companies and projects into web3, including security standards, tokenization, and best practices in web3 gaming. By developing standard technology and processes that enable safe and secure on-chain gaming, players will be protected from the hacks that currently plague web3 and some of the main barriers to wider stakeholder adoption will be lowered.
Andrew Howard, CEO of Kudelski Security, also commented, “Web3 is growing rapidly, and we are seeing more need for developing a security standard that is adopted across the industry to act as a framework. This is why we are excited to partner with a native web3 leader like Star Atlas and to come together to solve potential security issues before they arise.”
In addition to Kudelski Security’s blockchain and cybersecurity experience, the Kudelski Group is recognized as global leaders in digital security – with specialized expertise in encryption, anti-piracy, watermarking, cryptography, and digital rights management.
Executives from Star Atlas, the Kudelski Group, Kudelski Security, and NAGRA Kudelski are meeting during the World Economic Summit in Davos, Switzerland, to further discuss establishing a framework for securing the web3 ecosystem.
For inquiries or to schedule an onsite briefing, contact Kevin McGrath at [email protected]. Visit staratlas.com to learn about Star Atlas’ and Kudelski Security’s future plans and announcements.
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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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