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Binance Japan X MUTB ๐ค
Plus : Why Web3 Gaming is the future?
Binance Japan X MUTB ๐ค
Plus : Why is Web3 Gaming the Future?
Welcome ๐to Joint #20! We are sure to give you some insights about this week's weekly updates too๐ฅณ keep reading!
This week was really happening and yes aapko ni ideaโฆbut worry not! Web3 Stash Hai na๐ Let's start by having a look at BTC and ETH ๐
As on 27 September, 3:24 PM
Abhi let's dive into some good web3 news and trust me it's fun keep reading๐ญ๐ญ๐ค๐ป Today we will be covering the following topics -
Binance Japan X MUTB ๐
Ibiza NXT 2023๐
Understanding why Web3 Gaming is the future!๐ฎ
๐Binance Japan X MUTB๐
Financial giant Mitsubishi UFJ Trust and Banking Corporation (MUTB) and Binance Japan are working on developing stablecoins! ๐๐
MUTB and Binance Japan are running a joint study on issuing stablecoins pegged to sovereign currencies like the yen ๐ด๐ฑ that comply with local laws โ but the stated goal is driving Web3 adoption in the country!๐ฏ๐บ
Through this joint study, both companies aim to issue new stablecoins to help accelerate the mass adoption of Web3๐ฅณ in Japan!
Involvement of a TradFi giant like MUTB ๐also adds some legitimacy to the initiative as it leads a consortium of banks. ๐
This plan to issue stablecoins on private๐จ and public๐ฅ blockchains is through a compliant platform called Progmat Coin, which Binance Japan also intends to use.๐
The platform has permissions under new stablecoin ๐ง rules that kicked in this June that let Japanese exchanges apply for a special licenseโญ๏ธ to trade stablecoins โ even those issued overseas, like tether (USDT) and USD Coin (USDC)๐ค๐ค๐ค๐ญ๐ญ๐ญ
Japan has seemingly embraced Web3 and stablecoins where other jurisdictions have shied away, with the country publishing a roadmap to drive Web3 growth ๐back in April and promising more oversight to ensure consumer protections๐ฏ๐
๐Ibiza NXT 2023๐
Ibiza will host web3 experts, thought-leaders and visionaries this October, for the second IbizaNXT conference โ with tickets now on sale๐๐
Spread over 3 days โ from Oct 13-15 ๐โ the event firmly establishes the โWhite Isleโ ๐as a destination on the international web3 map, alongside leading locations like Miami, London, and Lisbon.๐
Glimpse of 2022 Conference
This yearโs conference will host leading international speakers who will deepen cutting-edge debates in the Web3 and blockchain world, with a specific focus on -
DeFi ๐ฐ
Crypto ๐ฏ
DAOs โญ๏ธ
Crypto cities ๐
NFTs ๐ฏ
Metaverse ๐ฎ
Attendees will also enjoy a series of panel discussions, workshops, digital art exhibitions, and networking opportunities. ๐๐
Ibiza City
Ibiza has recently embarked on the path to becoming a crypto island by leveraging Web3๐
The aim is to connect local artists and companies to a global audience๐ and educate the community๐ฅ about the potential of blockchain technology๐ฏ
The Twiins Ibiza
The conference and the workshops will be held in two main venues: The Twiins Ibiza๐ค, a new concept of lifestyle hotel to fully discover all the sides of the island๐ฏ
The Hub Ibiza
And The Hub Ibiza, a community-focused workspace in the heart of Ibiza that connects creatives, ๐ค๐ค๐ญentrepreneurs, and executives from start-ups through to the worldโs biggest companies.๐บ๏ธ๐
Ibiza NXT was born with the purpose to connect Ibiza to the potential of Web3 and blockchain ๐by bringing together international speakers and local representatives of industry, culture, and institutions๐ฅณ๐ to discuss the infinite possibilities to improve our lives and business through these technologies๐ฏ
๐๐ปUnderstanding Why Web3 Gaming is the future๐๐ป
๐ฎ๐ Web3 gaming is the future because it combines the exciting world of gaming with blockchain technology and decentralized networks, creating a more immersive and equitable gaming experience for players worldwide. Here's why:
1. Ownership and NFTs ๐๐: In Web3 gaming, players truly own their in-game assets as non-fungible tokens (NFTs). These unique tokens can be bought, sold, and traded across games and platforms. This empowers players with true ownership of their digital items. ๐ช๐ฐ
2. Interoperability ๐๐ฎ: Web3 gaming breaks down the walls between different games and platforms. NFTs can be used in multiple games, creating a connected gaming ecosystem. Imagine using the same sword or character skin in various games. ๐ค๐
3. Player-driven Economies ๐ฐ๐น๏ธ: Web3 gaming enables player-driven economies. Gamers can earn cryptocurrency by playing, creating, and selling in-game assets. This opens up opportunities for full-time gaming careers and income generation. ๐ต๐ฎ
4. Transparency and Fairness ๐๏ธโ๐จ๏ธ๐ค: Blockchain ensures transparency in game mechanics, making it difficult for developers to manipulate outcomes. Smart contracts guarantee fairness, ensuring that game rules are followed automatically. ๐โ๏ธ
5. Community Engagement ๐ค๐: Web3 games thrive on community involvement. Players can participate in governance decisions, influencing the development of the game and its direction. ๐ณ๏ธ๐
6. Cross-platform Play ๐ฑ๐ป: Web3 gaming supports cross-platform play seamlessly. You can start a game on your PC, continue on your smartphone, and later use your console - all without losing progress or assets. ๐ฑ๐ป๐ฎ
7. Decentralization and Censorship Resistance ๐ซ๐ค: Decentralized servers and networks reduce the risk of server outages and censorship. Games can continue to function even if a central authority goes down. ๐๐ก๏ธ
8. Innovative Fundraising ๐ช๐: Developers can use blockchain tokens to fundraise, allowing gamers to invest in projects they believe in, potentially earning returns as the game succeeds. ๐ฐ๐
9. Security and Anti-Cheating ๐ก๏ธ๐ซ: Blockchain technology enhances security and prevents cheating, as each action is recorded and verified on the blockchain. ๐๐น๏ธ
10. Global Accessibility ๐๐: Web3 gaming has the potential to bridge the gap between players in different parts of the world, enabling diverse gaming communities to come together. ๐๐๐ค
In summary, Web3 gaming is the future because it offers-
True ownership๐ฅ
Interconnected experiences๐
Player empowerment๐
Fairness๐ฏ
Community engagement๐
Cross-platform compatibility๐
Decentralization๐บ
Innovative funding options๐ฐ
Enhanced security๐
Global accessibilityโ ๏ธ
It's poised to revolutionize the gaming industry, making it more immersive and inclusive than ever before. ๐๐ฎ๐
I hope this explanation made it clear why web3 gaming is the future now I want you guys to share this newsletter within your group and get us some more subscribers!๐ฅบ๐ฅบ
That's the only fee you guys need to pay for getting many more cool explanations on complicated topics๐ค๐ป SUBSCRIBE NOW!
This is what the JOINT #20 had to offer we went from Binance Japan to web3 gaming and we promise to deliver an even better experience next time๐ค๐ค so stay subscribed!
Also please do me a favor and share this newsletter with your web3 friends ๐ซ๐ซ(secret - this will make sure you make good money in web3 world in the coming future)โค๏ธโค๏ธ๐ญ๐ญ๐ญ
Thanks for spending your valuable 5 minutes with us, see you soon in JOINT #21!!๐ซ๐ซ
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