Japan's Bank Launches Crypto!

Welcome 🙏to Joint #8! We are sure to give you some insights about this week's weekly updates too🥳 keep reading!

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. Japan's Bank Launches Crypto 💰

2. Vodafone's Web3 Debut🎊

3. Best web3 Games in 2023🎮

4. Indian web3 fundings plunge!🥲

💰Japanese Bank Launches Crypto 💰

Japan, the land of technology…the place which is so advanced that even chatgpt finds itself outdated there! Damn i'm kidding it ain't that advance too😂😂

When it comes to cryptocurrencies, the governments across the globe don't miss a chance to throw our expectations out of the window 💀☠️

But, for Japan things are DIFFERENT!😭😭🤌 LET'S HAVE A LOOK🇯🇵 -

Japan’s largest bank Mitsubishi UFJ Financial Group has announced the launch of Yen (Japan ke rupees) pegged stablecoins!🚀

Japan passed a law in June 2022 governing stablecoins.

It became one of the first major economies to put in place a regulatory framework for them! No other country in the world has ever launched such pro crypto policies🤌🤌

With these policies, banks and other financial institutions in the country will be able to issue stablecoins 🥳🥳

Abhi we know this ki they can issue these stablecoins par why exactly is this a good news???

LET'S FIND OUT - 👀

1. Stablecoins are expected to streamline trade transactions💯

2. Goods would be traded in exchange for funds via the blockchain 🔗

3. Useful for purchasing digital securities and nonfungible tokens🤖

4. Individuals and businesses can SEND funds to each other without going through traditional banking network 🤔

5. It can also serve as digital community currency for a particular area🙃

These are the reasons why this is a good news😭😭😭🤌the Indian Government too btw has launched their Central Bank Digital Currency. I do hope they take it towards mass adoption soon🥺🥺

 
 🎊Vodafone's Web3 Debut 🎊

Vodafone ke signals toh aate ni par their web3 signals are pretty strong! 👀

They have finally made their web3 debut and it is really awesome 🥳🥳let's first have a look at what they plan to do with web3👀

Primary focus of Vodafone is to achieve the following things using the blockchain 🚀

1. Decentralized Identity: Offering users more control over their digital identity and privacy through blockchain based identity solutions.👐

2. Tokenization: Exploring how digital assets, like mobile plans or loyalty points, could be tokenized on a blockchain and could enable seamless transfer and exchange!✅

3. Decentralized Communication: Considering how decentralized communication protocols could enhance security and privacy in their services!🔏

4. Smart Contracts: Exploring smart contract capabilities to automate and streamline processes in the telecommunications industry💯

Apart from this, Vodafone Digital Asset Broker (DAB, their web3 unit) is ready to establish a bridge with the Aventus Network! You may ask what's that👀👀 well don't worryy WEB3 STASH HAI NA 😎

They will work on enterprise use cases, starting with supply chain in the aviation sector! This will not only be a great take on web3 adoption but will also solve real world problems in the Aviation Sector!😭😭😭🤌🤌🤌

To add to it, now Vodafone DAB will also become a validator of Aventus Network! This is a big news 🥳🥳

The two companies will use their collective strengths to help more businesses and strategic partners take advantage of Web3’s secure blockchain technologies while trading and exchanging data electronically! And this was impossible without our Dost Blockchain 😎😎

Now, you may ask is this it? NOO THERE'S ONE THING MORE 🤌🤌🎊🎊

Vodafone and Aventus will also develope a solution that involves equipping cargo tracking with blockchain enabled SIM cards connected to the DAB platform! ✅️🔗

Around 5%-10% of cargo pods go missing annually, costing the industry about $400 million, and this solution aims to reduce these losses! Cool af right?!🤌😭😭

What do you think about the same 👀follow us on social media and let us know👐

🎮Best Web3 Games in 2023🎮

WE ALL LOVE GAMING DON'T WE?👀

Be it an action game or a simple car driving game we love it all 😭😭🤌🤌 and we all also love web3 right?

Why not mix these both and come up with -

BEST WEB3 GAMES TO PLAY IN 2023🥳🥳🎮🎮

1. Axie Infinity: In this you can Collect, breed, and battle fantasy creatures in a blockchain-based world💯

2. Decentraland: Explore a decentralized virtual world and monetize your creations on blockchain-powered land parcels🤌

3. CryptoKitties: You could Breed and trade unique digital cats with blockchain-backed ownership🐱

4. The Sandbox: Build you own gaming experiences on a user-generated content platform!🔗

5. Gods Unchained: Trade and battle with rare, blockchain-secured trading cards in a competitive game.🤺

6. Chainmonsters: Catch, train, and battle creatures in a blockchain-based multiplayer RPG👻

7. CryptoBlades: Battle enemies to earn skill tokens in a play-to-earn NFT-based RPG✂️

8. Sorare: Build fantasy football teams using blockchain-based digital cards of real players⚽️

9. My Crypto Heroes: Collect historical heroes as NFTs and participate in quests and battles.🦸‍♂️

10. Neon District: Immerse yourself in a blockchain-backed cyberpunk RPG with tradable in-game assets🃏.

These are the games you must try in 2023 when it comes to web3❤️ thank me by subscribing to our newsletter and by sharing it with more people 🥺🥺

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

📉Indian Web3 Fundings Plunge 📉

The fundings in the Indian Web3 space are not less than Rajasthan 🥲 yupp i mean all dried up😭😭😭

Kya din the woh…when every company with even the B of blockchain in them or N of Nfts used to get Millions of dollars 😭😭🥺🥺

Sadly it has all taken a southword road now😭📉

The fundings have plunged about 97% this year with only a handful of startups being able to get funded☠️

You may wonder what are the reasons for this🤔

Well stop wondering 😎because web3 Stash is here with all possible reasons 🤌

Web3 funding in India has experienced a plunge and these are the various reasons :

1. Regulatory Environment: The Indian government's stance on cryptocurrencies and blockchain regulations has created uncertainty and hesitancy among investors and startups. 🔓

2. Market Volatility: The cryptocurrency market is known for its volatility. There were significant price fluctuations in cryptocurrencies like Bitcoin and Ethereum, it made investors cautious and led to reduced funding activities😭😭

3. Investor Sentiment: Changes in global investor sentiment towards blockchain and cryptocurrencies impacted funding in India as well🌐

4. Lack of Clear Use Cases: Some Web3 projects struggled to demonstrate clear and practical use cases that could attract investor confidence. Without a compelling value proposition, funding becomes challenging❌️🚫

5. Exit Strategy Concerns: Investors had been hesitant to invest in Web3 projects without a clear and viable exit strategy. The liquidity of crypto-assets and the uncertainty around future regulations impacted the ease of exiting investments📉

6. Economic Factors: Broader economic factors, both globally and locally, have influenced investor behavior and funding decisions in the Web3 space👀

These were the reasons why web3 fundings in India have plunged😭😭😭i hope we see the good old days again soon🥺

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 #8 had to offer we went from Vodafone to gaming 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 #9!🫂🫂