Home / Ripple News /Messi Partners With Bitget To Enter Crypto World And Offers Web 3 To Sports Fans

Messi Partners With Bitget To Enter Crypto World And Offers Web 3 To Sports Fans

27 Oct 2022

Oasys, a Web3, EVM-compatible, gamefi-focused blockchain project, launched the first phase of its mainnet on October 25th. The company, which has gathered support from AAA gaming companies such as Sega, Ubisoft, and Bandai Namco, will start validating blocks from all nodes in preparation for its definitive activation slated to happen on November 8th.

Oasys, a blockchain project that aims to serve gaming companies by offering fast transactions with zero fees, has taken its first step towards being fully operational. The company recently announced that it has launched the first phase of the activation of its mainnet, with validators in the network already talking to nodes and testing the main functions of the chain.

The validator set of the chain is composed of 21 companies, including AAA names like Sega, Bandai Namco, Square Enix, and Ubisoft. The full mainnet launch is predicted to happen on November 8th, when the chain will begin integrating the essential components of the system with the larger ecosystem.

Daiki Moriyama, director at Oasys, stated:

The Mainnet launch is a significant step forward in creating a fully-functional, public-led gaming blockchain that will transform the gaming future and give extensive value to players and game developers alike.

This launch comes after the company received an audit from Quantstamp, a smart security auditing company, certifying its smart contracts system works as intended. Oasys raised $20 million in a private token sale in July, with the participation of Republic Capital, Jump Crypto, Crypto.com, Huobi, Kucoin, and Gate.io. However, the company is still working to make its token available for general investors on several exchanges.

Oasys is looking to forge itself a place in the growing gamefi (the intersection of gaming and finance) market by offering a gamer-friendly chain that is promoted as ecological and fast, also taking the fees problem out of the equation. The sector is valued at $8 billion currently and is expected to grow exponentially, reaching a valuation of more than $50 billion by 2025.

Several companies have already partnered with Oasys to use its upcoming network as the basis for their Web3-involved projects. Among these is Sega, which will launch its first licensed blockchain game, to be developed by Double Jump Tokyo, using Oasys’ services to integrate Web3 elements.

Square Enix, another AAA gaming company, will also explore the development of blockchain-based games as part of a partnership with Oasys.

What do you think about Oasys’ mainnet launch? Tell us in the comments section below.

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

Oasys, a Web3, EVM-compatible, gamefi-focused blockchain project, launched the first phase of its mainnet on October 25th. The company, which has gathered support from AAA gaming companies such as Sega, Ubisoft, and Bandai Namco, will start validating blocks from all nodes in preparation for its definitive activation slated to happen on November 8th.

Oasys, a blockchain project that aims to serve gaming companies by offering fast transactions with zero fees, has taken its first step towards being fully operational. The company recently announced that it has launched the first phase of the activation of its mainnet, with validators in the network already talking to nodes and testing the main functions of the chain.

The validator set of the chain is composed of 21 companies, including AAA names like Sega, Bandai Namco, Square Enix, and Ubisoft. The full mainnet launch is predicted to happen on November 8th, when the chain will begin integrating the essential components of the system with the larger ecosystem.

Daiki Moriyama, director at Oasys, stated:

The Mainnet launch is a significant step forward in creating a fully-functional, public-led gaming blockchain that will transform the gaming future and give extensive value to players and game developers alike.

This launch comes after the company received an audit from Quantstamp, a smart security auditing company, certifying its smart contracts system works as intended. Oasys raised $20 million in a private token sale in July, with the participation of Republic Capital, Jump Crypto, Crypto.com, Huobi, Kucoin, and Gate.io. However, the company is still working to make its token available for general investors on several exchanges.

Oasys is looking to forge itself a place in the growing gamefi (the intersection of gaming and finance) market by offering a gamer-friendly chain that is promoted as ecological and fast, also taking the fees problem out of the equation. The sector is valued at $8 billion currently and is expected to grow exponentially, reaching a valuation of more than $50 billion by 2025.

Several companies have already partnered with Oasys to use its upcoming network as the basis for their Web3-involved projects. Among these is Sega, which will launch its first licensed blockchain game, to be developed by Double Jump Tokyo, using Oasys’ services to integrate Web3 elements.

Square Enix, another AAA gaming company, will also explore the development of blockchain-based games as part of a partnership with Oasys.

What do you think about Oasys’ mainnet launch? Tell us in the comments section below.

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

Financial authorities in Singapore have proposed new regulations designed to protect consumers from risks associated with cryptocurrency investment and trading. The measures, which also aim to expand regulations for stablecoins, will be discussed with the industry before their adoption.

The Monetary Authority of Singapore (MAS) has put forward draft regulations that aim to restrict crypto trading for retail investors with the stated goal of reducing risks for consumers associated with decentralized digital currencies, while boosting the development of stablecoins. The city-state’s central bank believes the latter are credible as a medium of exchange.

The proposed measures have been detailed in two consultation papers published by the authority, with which it seeks feedback from industry participants. The plan is to introduce the new rules as guidelines before eventually incorporating them into the Payment Services Act.

“Trading in cryptocurrencies is highly risky and not suitable for the general public,” the MAS reasoned. At the same time, it acknowledged that such digital coins play a supporting role in the digital asset ecosystem and banning them would not be feasible.

In an announcement on Wednesday, the monetary authority explained that the proposals cover three main areas — consumer access, business conduct, and technology risks. It intends to limit the risk of speculative trading by introducing certain obligations for crypto service providers.

These companies will have to ensure that their customers make informed decisions by providing risk disclosures, including about price fluctuations and cyberthreats. The central bank suggests they should not allow or offer retail investors the option to pay with credit.

Cryptocurrency platforms will also be required to keep customers’ assets separate from their own funds and may be prevented from lending investors’ assets to third parties. However, regardless of these measures, users will still be ultimately responsible for their decisions and actions.

Licensed crypto service providers and those operating under exemption while awaiting authorization would be required to comply with the upcoming regulations. However, the new, stricter rules would not apply to accredited or institutional investors.

Praising the potential of “well-regulated and securely backed” stablecoins to facilitate transactions in the digital assets space, the MAS indicated that it plans to expand the regulatory framework for them in order to ensure their stability. It will focus on the issuance of stablecoins pegged to a single currency and with circulation exceeding 5 million Singapore dollars (approx. $3.5 million).

Under the proposed rules, issuers will be required to hold reserve assets equivalent to at least 100% of the nominal value of the coins, which can be pegged only to the Singapore dollar or any Group of Ten (G10) currency. They will have to publish a white paper, meet a base capital requirement and maintain liquid assets. Domestic banks will be allowed to issue stablecoins, the authority noted.

The latest regulatory move in Singapore, a major financial center that also took steps to establish itself as a crypto hub, comes amid intensifying global efforts to regulate the crypto economy following events like the collapse of the terrausd (UST) stablecoin and the bankruptcy of the Singapore-based crypto hedge fund Three Arrows Capital.

“The two sets of proposed measures mark the next milestone in enhancing Singapore’s regulatory approach to foster an innovative and responsible digital asset ecosystem,” MAS Deputy Managing Director of Financial Supervision Ho Hern Shin said in a statement. Interested parties have been invited to submit comments on the proposals by Dec. 21.

Do you expect Singapore authorities to eventually adopt the proposed tighter crypto regulations? Share your expectations in the comments section below.

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

Financial authorities in Singapore have proposed new regulations designed to protect consumers from risks associated with cryptocurrency investment and trading. The measures, which also aim to expand regulations for stablecoins, will be discussed with the industry before their adoption.

The Monetary Authority of Singapore (MAS) has put forward draft regulations that aim to restrict crypto trading for retail investors with the stated goal of reducing risks for consumers associated with decentralized digital currencies, while boosting the development of stablecoins. The city-state’s central bank believes the latter are credible as a medium of exchange.

The proposed measures have been detailed in two consultation papers published by the authority, with which it seeks feedback from industry participants. The plan is to introduce the new rules as guidelines before eventually incorporating them into the Payment Services Act.

“Trading in cryptocurrencies is highly risky and not suitable for the general public,” the MAS reasoned. At the same time, it acknowledged that such digital coins play a supporting role in the digital asset ecosystem and banning them would not be feasible.

In an announcement on Wednesday, the monetary authority explained that the proposals cover three main areas — consumer access, business conduct, and technology risks. It intends to limit the risk of speculative trading by introducing certain obligations for crypto service providers.

These companies will have to ensure that their customers make informed decisions by providing risk disclosures, including about price fluctuations and cyberthreats. The central bank suggests they should not allow or offer retail investors the option to pay with credit.

Cryptocurrency platforms will also be required to keep customers’ assets separate from their own funds and may be prevented from lending investors’ assets to third parties. However, regardless of these measures, users will still be ultimately responsible for their decisions and actions.

Licensed crypto service providers and those operating under exemption while awaiting authorization would be required to comply with the upcoming regulations. However, the new, stricter rules would not apply to accredited or institutional investors.

Praising the potential of “well-regulated and securely backed” stablecoins to facilitate transactions in the digital assets space, the MAS indicated that it plans to expand the regulatory framework for them in order to ensure their stability. It will focus on the issuance of stablecoins pegged to a single currency and with circulation exceeding 5 million Singapore dollars (approx. $3.5 million).

Under the proposed rules, issuers will be required to hold reserve assets equivalent to at least 100% of the nominal value of the coins, which can be pegged only to the Singapore dollar or any Group of Ten (G10) currency. They will have to publish a white paper, meet a base capital requirement and maintain liquid assets. Domestic banks will be allowed to issue stablecoins, the authority noted.

The latest regulatory move in Singapore, a major financial center that also took steps to establish itself as a crypto hub, comes amid intensifying global efforts to regulate the crypto economy following events like the collapse of the terrausd (UST) stablecoin and the bankruptcy of the Singapore-based crypto hedge fund Three Arrows Capital.

“The two sets of proposed measures mark the next milestone in enhancing Singapore’s regulatory approach to foster an innovative and responsible digital asset ecosystem,” MAS Deputy Managing Director of Financial Supervision Ho Hern Shin said in a statement. Interested parties have been invited to submit comments on the proposals by Dec. 21.

Do you expect Singapore authorities to eventually adopt the proposed tighter crypto regulations? Share your expectations in the comments section below.

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

PRESS RELEASE. Leading global cryptocurrency exchange, Bitget announces that it has entered into a partnership with Lionel Andrés Messi, the iconic Argentine footballer and winner of a record-breaking seven Ballon d’Or awards. The announcement kicks off the engagement between Bitget and Messi and signals the meeting of sports and crypto, a promise of lasting efforts to benefit two worlds

Lionel Andrés Messi, also known as Leo Messi, is one of the most popular and widely recognised sports stars and a recipient of six European Golden Shoes. In November, Messi will be joining the Argentinian national team as its captain for his 5th World Cup, hosted by Qatar this year.

Bitget, established in 2018, is a leading cryptocurrency exchange with innovative products and social trading services as its key features. Its flagship product of social trading, One-Click Copy Trade, has amassed over 55,000 professional traders, with around 1.1 million followers, reflecting Bitget’s long-term efforts and achievements in crypto social trading.

Through this partnership, Bitget will give Messi fans a unique opportunity to explore Web 3.0 and the potential of trading crypto on the exchange. There is also a shared understanding that the partnership will allow both parties to commit to more impactful efforts, extending beyond cryptocurrency and football.

Gracy Chen, Managing Director of Bitget, says, “We try to reflect the diversity and richness of our platform community in the partnerships we choose. We open up Web 3 to sports fans; they open the field to crypto traders. And to top it all off, we pool our resources to help those who need it. I can’t imagine it any other way.”

Over the last year, Bitget has partnered with teams and businesses which exemplify the highest levels of their respective industries. From Italy’s most established football club Juventus, and Turkish powerhouse Galatasaray FC, to esports titan Team Spirit and purveyors of premium international esports tournaments and events PGL, Bitget is committed to giving its ecosystem a network of world-class affiliates.

Of their partnership with Messi, Chen remarks, “As the Football World Cup approaches, Messi is to lead Argentina to new glory. We are honoured to be partnered with him, especially at this moment in his career, and we are thrilled to have such a force of nature collaborate with us. We look forward to getting to know Messi – the man, the myth, the GOAT – but also the philanthropist, the activist, the humanist. We can’t wait to hit the ground running and work with him to make a real, lasting impact for the future.”

“I wanted to thank Bitget for their enthusiasm in making me participate in the world of crypto. I trust that both parties can activate meaningful initiatives as well as in offering web 3 to the sports fans” Leo Messi says.

About Bitget

Established in 2018, Bitget is one of the world’s leading cryptocurrency exchanges with a core focus on social trading. Currently serving over two million users in more than 50 countries around the world, Bitget accelerated its mission to promote decentralised finance with an 800-strong workforce.

The leading exchange focuses on transforming the way people connect and trade with social trading. Its flagship offering, One-Click Copy Trade, is nothing short of a pioneer in social trading and has amassed over 55,000 professional traders, with approximately 1.1 million followers, innovating the experience for crypto traders worldwide.

Adhering closely to its philosophy of ‘Better Trading, Better Life’, Bitget is committed to providing comprehensive and secure trading solutions to users globally, aiming to be the portal that transcends Web2 and Web3, that connects CeFi and DeFi, resulting in an expansive bridge to the vast web of crypto. In September 2021, Bitget announced its sponsorship of world-renowned football team Juventus as its first-ever sleeve partner and PGL Major’s official esports crypto partner soon after. Partnerships with the leading esports organisation, Team Spirit, and Turkey’s leading and long-standing football club, Galatasaray, were also announced in early 2022.

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

Source From : News

© CoinJoker 2019 | All Rights Reserved.