Illuminati in Web3 😱

Welcome 🙏to Joint #9! Like all previous Joints, with this joint too, we promise to deliver quality Web3 Updates of the week❤️👍

This week was really happening and yes aapko ni idea…but worry not! Web3 Stash Hai na😇 Let's start by having a look at BTC and ETH 👀

Abhi let's dive into some good web3 news and trust me it's fun keep reading😭😭🤌🏻 Today we will be covering the following topics -

1. Illuminati raises money💀

2. Web3 X AI🎊

3. Future of wallets 🤌

4. Money laundering in web3👻

💀Illuminati raises money 💀

If you too were thinking of that top secret organization called Illuminati, you will be a bit disappointed then😭

No, i am not talking about them instead i am talking about a Dubai based fund called Illuminati Capital💰

The new Dubai based crypto venture fund Illuminati Capital has raised $50 million for a fund that aims to invest in early-stage blockchain and Web3 gaming startups😭😭🤌

The major aim of VC fund is to bring the founders’ experience from the blockchain and investment worlds to the evolving landscape for Web3 investments💰💸🤑WHICH IS A GOOD NEWS🎊🥳

Partners of this firm have already individually invested in blockchain startups worth over $1 billion, demonstrating impressive growth and valuation📈🌱

Abhi what really makes Illuminati Capital so special 👀let's find out💯

Setting itself apart from traditional investment firms, Illuminati Capital aims to offer more than just financial support!🌐👐

The venture capital firm is dedicated to building the global Web3 ecosystem and driving transformative shifts in decentralized technologies🚀🚀

 🎊Web3 X AI🎊

Microsoft and blockchain developer Aptos Labs have come together 🤝🤝 to use their expertise in bridging the gap between Artificial Intelligence (AI) and the blockchain technology.

Aptos, under this partnership, will utilise Microsoft's AI infrastructure to curate industry solutions with the goodness of both AI and blockchain! 🙌🛫

Bole toh BEST OF BOTH WORLDS🥺🤌

As for the software giant, this partnership could be one of its initial steps into deeper Web3 exploration✅️

Microsoft is interested in exploring blockchain branches like asset tokenisation and Central Bank Digital Currencies (CBDCs) through Aptos' ecosystem.🤌🤌

And this partnership will be extremely productive for all this. 🚀

They are also gonna experiment about with a lot of things and who knows they might come up with Blockchain ka Chatgpt 💯👀

We need many more such collaborations in the web3 world to make things better and move towards faster web3 adoption 🤗😇

The collaboration also allows Microsoft’s AI models to be trained using Aptos’ verified blockchain information.

Aptos will also run validator nodes for its blockchain on Microsoft’s Azure cloud, 🤝which it anticipates will bring greater reliability and security to its service🔒🌐

This is a terrific collaboration hoping to see many more in the future 🤗❤️

👉🏻Future of Wallets 👈🏻

Well, gone are the days of carrying physical bulky wallets (they feel good though 😭😭) and abhi toh we have web3 wallets 👀let's talk about them! Oh wait! Let's talk about Physical Web3 Wallets 💰

Physical Web3 wallets represent a crucial component in the evolving landscape of decentralized finance and blockchain technology📈

These wallets serve as secure and tangible devices that enable users to manage and safeguard their digital assets in the Web3 ecosystem.🚀💰

Physical Web3 wallets offer a variety of benefits:

1. Enhanced Security: These wallets provide an extra layer of security by storing private keys offline, away from potential online threats🔒

2. Cold Storage: Physical Web3 wallets are often referred to as "cold wallets" since they operate offline. This isolation from the internet minimizes the risk of hacking and unauthorized access🥶

3. User-Friendly Interaction: While the digital realm of Web3 can be complex, physical wallets simplify the process of managing assets.✅️

4. Compatibility and Accessibility: Physical Web3 wallets are designed to be compatible with a wide range of cryptocurrencies and blockchain networks🌐

5. Backup and Recovery: Many physical Web3 wallets offer backup and recovery options. Users can create secure backup phrases or mnemonic seeds🔓

6. Integration with DApps: These wallets can also interact with decentralized applications (dApps) and facilitate various DeFi activities.🔗

7. Multi-Factor Authentication: Some physical Web3 wallets incorporate biometric authentication or PIN codes, adding an extra layer of protection to prevent unauthorized access.🤏

However, it's important to note that physical Web3 wallets are not without limitations. Users must ensure the safekeeping of the physical device, as losing it could result in the loss of access to their assets. ☠️

As the Web3 ecosystem continues to evolve, physical Web3 wallets are likely to play a crucial role in enabling individuals to securely engage with decentralized technologies while maintaining control over their digital assets💯🙌

I hope you understood everything about cold wallets and now I want you guys to share this newsletter within your group and get us some more subscribers!🥺🥺

That's the only fee you guys need to pay for getting many more cool explanations on complicated topics🤌🏻 SUBSCRIBE NOW!

💸Money laundering in web3 💸

Web3, blockchain technology, and cryptocurrencies have transformed our lives and economies, reshaping how we transact, interact, and perceive value🙌✅️

Alongside this transformation, however, a sinister shift is also taking place—new forms of criminal activity 😱are infiltrating our digital platforms, passing through traditional crime detection and prevention mechanisms🌐

To counter this emerging threat, tech startups in Southeast Asia are stepping up by harnessing their technological capabilities to counteract this trend and reshape security in this new age 🚫

️Money laundering extends to the world of blockchain and DeFi too🥺

And Decentralization makes regulation and oversight more difficult, compounding the problem and providing opportunities for criminals to exploit the system😱

Therefore, there is a critical need for solutions that can detect and prevent these clandestine financial maneuvers🤔

Enter Chainalysis, a blockchain data platform that is addressing the menace of money laundering in the crypto world!🥳

Chainalysis’ KYT software enables users to investigate suspicious activities, uphold regulatory standards, and foster customer trust. 🔒✅️

Hence, it plays a pivotal role in detecting and preventing money laundering.🙌

We need more and more new softwares to fight more such problems😭🤌

Now, Stay subscribed and ask your Web3 friends too as we will update you on more news as soon as we have some progress 😎

This is what the JOINT #9 had to offer we went from illuminati to Microsoft and we promise to deliver an even better experience next time🤗🤗 so stay subscribed!

Also please do me a favor and share this newsletter with your web3 friends 🫂🫂(secret - this will make sure you make good money in web3 world in the coming future)❤️❤️😭😭😭

Thanks for spending your valuable 5 minutes with us, see you soon in JOINT #10!!🫂🫂