Blockchain
Expansion of Japanese Metaverse Assets: Compliant JPY-based Stablecoin JPYW and Japanese blockchain game Mechaverse reached an official cooperation
On July 1, 2022, Tokyo local time, compliant JPY-based Stablecoin JPY World (JPYW) announced officially that it has reached an ecosystem co-construction and cooperation in transactions with the Japanese blockchain game —— Mechaverse. According to the official Twitter of Mechaverse, the two parties will explore and implement various aspects, such as the settlement, payment, liquidity injection, and staking derivatives of JPY-based Stablecoin in Mechaverse. Finally, it will achieve the goal of increasing number of users, creating a well-known animation IP image, and making it convenient to enter the Web3.0 metaverse.
JPYW is a prepaid token launched by PassPay that can be purchased and used on the official website of PassPay at a price of 1 YEN = 1 JPYW. JPYW ensures a 1:1 anchor with the YEN in the form of margin. As a compliant JPY-based stablecoin under the “Revision of Funding Resolution Act”, it has become the only blockchain stablecoin that is certified and licensed by the government of Japan. Meanwhile, the company has also finished submitting the application and the deposit for “issuer of prepaid payment method (internal)” to the government.
As the first Japanese mecha blockchain game of Mechaverse Labs, Mechaverse combines high-quality Japanese animation IP and playable blockchain games based on the Web3 operating platform and solution, as well as exploring the value of NFT and constructing the entrance to metaverse of Japanese anime mecha through GameFi’s feature of linking values.
This cooperation is seen as a bridge between the traditional Japanese market and the Crypto world which drives a new flow and value into the crypto world.
Why is JPYW the “only child” of the stablecoin?
With the strict filing and review mechanism of “Funding Resolution Act” in Japan, only JPY-based Stablecoin can operate legally after obtaining approval, which also prevents other types of stablecoins from entering the Japanese crypto trading market. As the “only child” of the stablecoin that has been certified by the local government, JPYW began to strive for compliance as early as before the “Funding Resolution Act” was released. The team hired the largest law firm in Japan to form a strong and legal consultant team to plan compliance, apply at the drafting stage of regulations and participate in various inquiries from the Financial Services Agency actively.
In terms of the custody method of collateral, the physical collateral of USDT/USDC are mostly bills and cash of commercial banks, while JPYW is a blockchain stablecoin that is fully collateralized by YEN, and all the collaterals will be handed over to the government. Therefore, the mechanism of exchange and redemption is more sound, the security of funds is stronger and the risk is lower.
JPYW will bring into full play of stablecoin and start by breaking three barriers: 1. Breaking the barrier between crypto assets and real assets; 2. Breaking the barrier of cross-border transactions and exchanges; 3. Breaking the barrier between crypto assets as the mainstream assets in the future digital society and the insufficient acceptance of reality.
To realize such a vision, PassPay must first expand the use cases of JPYW and enrich financial instruments and product solutions. Therefore, in terms of use cases, PassPay chose to cooperate with Mechaverse(a metaverse platform that also belongs to Japan) and similar Crypto projects. In terms of operation of users, JPYW can be obtained through gift card and purchase on its official website, which will be used after connecting to the Metamask wallet according to the official white paper. A large number of projects, including Mechaverse, are available on Metamask. It is easier to achieve operability and compatibility in the early stage of asset access.
PassPay will launch more financial products such as STO derivatives trading, physical NFT trading, and gold tokenized trading soon in the future.
Blockchain
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Blockchain
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Blockchain
Blocks & Headlines: Today in Blockchain – January 30, 2025 (Dogecoin, U.S. Army, DeepSeek, Web3)
Introduction
The blockchain and cryptocurrency industry continues to evolve, with major advancements in institutional adoption, regulatory modernization, and innovative applications. Today’s roundup covers Dogecoin’s new blockchain strategy, the U.S. Army’s use of blockchain for tracking aid, notable blockchain startups, domain challenges for Web3 companies, the first AI blockchain agent, and Luxembourg’s legal updates for custody chains. Let’s break down the biggest headlines shaping the future of blockchain technology and decentralized finance.
Dogecoin Unveils Strategic Blockchain Movement
Expanding Beyond a Meme Coin
Dogecoin, often viewed as a lighthearted cryptocurrency, is making serious strides toward blockchain utility with a new strategic initiative aimed at expanding its use case beyond simple transactions. The Dogecoin Foundation has announced plans to integrate layer-2 solutions, smart contracts, and interoperability features, potentially positioning DOGE as a serious competitor in the decentralized finance (DeFi) space.
This move signals a shift in the perception of Dogecoin, which has long relied on community-driven momentum. With the new strategy, DOGE could become an integral part of the growing Web3 ecosystem.
Source: Crypto Briefing
U.S. Army Utilizes Blockchain for Aid Tracking in Ukraine
Military Adopts Emerging Tech for Transparency
The U.S. Army is leveraging blockchain, big data, and generative AI to track billions of dollars in aid sent to Ukraine. This marks a significant step in blockchain’s adoption by governments and defense agencies to enhance transparency and prevent fraud.
By using blockchain for immutable record-keeping, military officials aim to improve logistics tracking, reduce inefficiencies, and ensure secure auditing of aid distribution. This could set a precedent for future government adoption of blockchain-based verification systems.
Source: Breaking Defense
10 Blockchain Startups to Watch in 2025
Innovation Driving the Next Wave of Web3
A new report highlights ten emerging blockchain startups poised to disrupt industries from finance to supply chain management. These companies are working on scalable smart contracts, decentralized identity solutions, and improved cross-chain interoperability.
Among the standout names are startups focusing on privacy-preserving transactions, institutional DeFi tools, and real-world asset tokenization, reinforcing blockchain’s growing role in mainstream finance and enterprise adoption.
Source: Yahoo Finance
Web3 Companies Struggle with Domain Name Challenges
Decentralization vs. Traditional Domain Ownership
As blockchain companies push forward with Web3 adoption, many are encountering significant hurdles in securing relevant domain names. Unlike traditional domains governed by ICANN, blockchain-native domains such as .crypto and .eth exist outside standard regulatory frameworks, leading to disputes and accessibility issues.
Industry experts are calling for greater collaboration between blockchain projects and domain registrars to ensure seamless Web3 adoption while maintaining online accessibility for users.
Source: Domain Name Wire
Klaus Agent Becomes the First Blockchain AI to Use Custom DeepSeek Model
AI and Blockchain Converge
The Klaus Agent, an AI-powered blockchain agent, has integrated the DeepSeek AI model to enhance decision-making, smart contract automation, and decentralized application (dApp) intelligence. This innovation represents a major step in merging artificial intelligence with blockchain networks, allowing for more sophisticated automation in DeFi, NFT trading, and DAO governance.
As AI and blockchain continue to converge, the potential for autonomous smart contract execution and predictive analytics is expected to grow, leading to more efficient decentralized systems.
Source: GlobeNewswire
Luxembourg Modernizes Custody Chain Laws for Blockchain
A Legal Framework for Tokenized Assets
Luxembourg, a key financial hub in Europe, has updated its custody chain regulations to accommodate blockchain-based assets. These changes are designed to facilitate institutional adoption of tokenized securities and digital asset custody solutions.
By providing a clear regulatory framework, Luxembourg aims to attract fintech firms, investment funds, and digital asset custodians, further strengthening its position as a leader in blockchain finance.
Source: National Law Review
Conclusion
The latest blockchain developments underscore the rapid evolution of the industry, from Dogecoin’s strategic shift to military adoption of blockchain for transparency. As AI and blockchain begin to merge, and governments refine regulations, we are witnessing a pivotal moment in decentralized technology.
With institutional interest growing and regulatory frameworks taking shape, blockchain and Web3 technologies are moving closer to mainstream acceptance. Stay tuned for the next Blocks & Headlines briefing as we continue to track the most significant trends shaping the future of decentralized finance and digital assets.
The post Blocks & Headlines: Today in Blockchain – January 30, 2025 (Dogecoin, U.S. Army, DeepSeek, Web3) appeared first on News, Events, Advertising Options.
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