Blockchain
AsiaPay and Moonland Metaverse join hands to step into a new business payment model of Web 3.0
AsiaPay, a leading payment service system provider in Asia, has entered into a strategic cooperation agreement with Moonland Metaverse, taking full advantage of the new business model based on Web 3.0. AsiaPay is helping its various Asian merchants embrace the new experience of selling, socializing and making money while playing in the post-Instagram era.
Moonland Metaverse is committed to building a diversified metaverse business solution
Moonland Metaverse is committed to building an easy-to-use and diversified metaverse, with web browsing as the main platform. Individual players or business users can also enter by purchasing one of the 5555 limited real estate NFTs issued by Moonland Metaverse on the Solana blockchain, giving users their own private, customizable space. In addition, NFT holders can invite friends to enter the exclusive space for text or voice chat, and the interactive mode is easy-to-use and direct.
Technology, business and enterprises are actively transforming AsiaPay’s deployment in the Metaverse
Moonland Metaverse is using Solana and its web-based platform as its early positioning, and will actively develop technology and commercial projects such as the AsiaPay headquarters, Metaverse mall, and payment platform. Among them, AsiaPay’s headquarters in Moonland Metaverse will open in the early summer of this year, which is expected to become the new social and business gathering point. It will attract users to participate in various online communication activities, and to understand AsiaPay’s business opportunities from a new perspective, which is vastly different from traditional social platforms and media.
Additionally, AsiaPay is also working with Moonland to develop B2B business tools and models, allowing existing e-commerce merchants (e-commerce) to easily transform into meta-commerce. Moonland Metaverse’s three-dimensional space design and NFT trend elements have prompted many merchants who are interested in enhancing their image or reaching out to the new generation of consumers to take the initiative to inquire. Its commercial characteristics is to strengthen the sales scene, use virtual social space as attraction, product display and sales as a reality, enhance the interest and purchase intention of potential buyers, coupled with cryptocurrency-led payment. This may form a new generation of young people’s online shopping habits. At the same time, with Set Sail Venture, we plan to develop the A.I. answering function, and will add the function this year to assist the daily sales of virtual stores.
At present, Moonland Metaverse has started to develop Metaverse headquarters for more than 50 NFT projects together with branded merchants. They are also issuing their own token Moonland Stardust ($MLS). AsiaPay is actively looking into adding $MLS as a payment option to its PayDollar payment system to increase the usage of $MLS tokens.
“We are very honored to be cooperating with the long-awaited Moonland Metaverse on this project,” said Joseph Chan, CEO of AsiaPay, “Web 3.0 is the future trend of the Internet. Cryptocurrencies will have a bigger impact on the future more than the Internet. It will be more far-reaching, and this will create a new global digital economy, and even give birth to a new business distribution model and industry alliance community that may generate a large number of innovations from the bottom up. Every new era has a new group of leaders, and actively grasps the era. It is AsiaPay’s relentless mission to provide our merchants and customers with the most cutting-edge and innovative payment technology.”
Blockchain
P2 Ventures Commits $50M Via Hadron FC to Startup Founders in Polygon Ecosystem
Last year, P2 Ventures emerged as a distinct entity from Polygon Labs, with a focus on blockchain investments. Now, it’s earmarking funds and providing mentorship to bolster project founders, particularly those concentrated on the Polygon blockchain ecosystem. A contributor from Hadron FC remarked that the community offered the perfect blend of “capital and vibes.”
P2 Ventures, a venture capital firm with a blockchain emphasis, was established late last year as a separate entity from developer Polygon Labs. It has pledged $50 million to support startup founders, potentially igniting fresh initiatives within the Polygon ecosystem.
The investment from P2 Ventures will be channeled to founders via Hadron FC, a program tailored for founders with hubs in Dubai and New York, according to a press release. This program encompasses mentorship, legal and regulatory guidance, networking opportunities, and “comprehensive assistance in navigating the complexities of startup development and fundraising,” the release stated. Among the initial 36 projects onboarded, several participated in a week of collaborative efforts at the Dubai facility. Shreyansh Singh, head of investments at P2 Ventures, expressed confidence in Hadron Club’s unparalleled capacity to nurture the aspirations of forward-thinking founders within the Polygon ecosystem.
Ajit Tripathi, a core contributor at Hadron FC, noted that the community provided the ideal mix of “support, capital, and ambiance.”
Initially part of Polygon Labs, the principal developer of various Polygon layer-2 networks built on Ethereum, P2 Ventures transitioned into an independent unit with its own 10-person team late last year, rebranding itself as P2 Ventures.
Source: coindesk.com
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Blockchain
Blockchain sleuth uncovers identity of PrismaFi’s hacker, who stole $11m
Blockchain investigator ZachXBT uncovered the purported perpetrator behind the PrismaFi breach, which resulted in the protocol losing $11.1 million worth of cryptocurrency. Through a series of posts, ZachXBT disclosed that the individual behind the attack, identified as 0x77 (or Trung), may be connected to several other breaches.
The Prisma team initially detected a sequence of transactions on the MigrateTroveZap contract in March, ultimately resulting in a loss of 3,257 ETH (equivalent to $11.1 million at the time). Initially, the attacker communicated with the Prisma deployer, claiming the attack was a white-hat initiative. However, all funds were subsequently transferred to Tornado Cash, a sanctioned cryptocurrency mixer.
The attacker then made audacious demands, including a $3.8 million (34%) white-hat bounty, significantly higher than the industry standard of 10%, as noted by ZachXBT, who highlighted that this demand was essentially extortion, given the insufficient assets in the treasury to reimburse users.
Further investigation revealed that the attacker’s address received funds via FixedFloat and was subsequently traced to Arbitrum, a layer-2 solution on Ethereum. By analyzing timing, ZachXBT determined that the attacker’s address was linked to withdrawals on TRON, including those from the Bybit cryptocurrency exchange.
The investigation also unveiled connections to prior breaches, such as the Arcade_xyz breach from March 2023 and the Pine Protocol breach from February of the current year. The attacker, utilizing the alias 0x77 on Telegram, remained active and had ties to the deployer of @modulusprotocol, further solidifying the connection between each incident.
Furthermore, the investigator disclosed conducting an analysis of the attacker’s personal information, including phone numbers and emails, which indicated a proficient technical background. All collected personal data has been forwarded to the Prisma team, who are pursuing legal action against the hacker in Vietnam and Australia, ZachXBT added.
Source: crypto.news
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Blockchain
Bybit CEO: “Institutions Driving Today’s Crypto Bull Market” – At Blockchain Life 2024 Dubai
During a discussion among industry leaders at the Blockchain Life conference in Dubai, Bybit CEO Ben Zhou emphasized the preparedness and sophistication of contemporary cryptocurrency exchanges (CEXs). Zhou, who co-founded Bybit in 2018, now stands at the helm of one of the world’s top three exchanges by trading volume.
At the event, Zhou shed light on various facets that underscore the current era of crypto maturity. “From Bybit’s standpoint, this ongoing bull market has been primarily propelled by institutional involvement… Our collaboration with third-party custodians like Copper and Fireblocks led to a 186% increase in institutional capital flows last year,” Zhou noted. He highlighted the pivotal role of enhanced infrastructure and the approval of Bitcoin spot ETFs in facilitating institutional participation in the crypto market.
Zhou has overseen meticulous upgrades to Bybit since the previous crypto bull run in 2021, enabling institutional investors to deploy larger capital pools. “Bybit boasts a highly versatile trading system that accommodates trading of any token against any other,” Zhou remarked during his live address on the main stage. “This affords our institutional clients a plethora of tools, enabling them to engage in spread trades, arbitrage funding rates, and various sophisticated trading strategies. This capability has facilitated the influx of new capital into the crypto space.”
Furthermore, Zhou highlighted the evolution of service reliability amidst market volatility. “Our risk management and system resilience have undergone continuous enhancements,” he affirmed. “Even during turbulent market conditions, Bybit maintains its stability.” This stability serves as a testament to the advanced infrastructure supporting both institutional investors and the exchange’s 25 million retail users.
Zhou also emphasized Bybit’s efforts to empower retail clients with access to products that simplify sophisticated trading strategies. “We offer a unique product known as perpetual protect, which utilizes options contracts to safeguard perpetual positions from losses,” Zhou explained. “Additionally, our advanced Unified Trading Account (UTA) design provides traders with a competitive edge in the market.” These initiatives aim to demystify derivatives and options, making complex financial instruments more accessible and comprehensible to a broader audience.
As the crypto market continues to mature, Bybit remains at the forefront, spearheading innovations that align with evolving market trends and regulatory standards. This proactive stance not only signifies a significant milestone for Bybit but also underscores the overall advancement of the crypto exchange industry.
Source: prnewswire.com
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