Web3 Diaries- MSFT, GS Back Blockchain
Financial firms like Deloitte, S&P Global, and Moody’s have come together to support the launch of the Canton Network, a blockchain designed to streamline financial markets with Web3 tech.
The network aims to provide companies with decentralized infrastructure that could make transactions more efficient, linking financial systems together and allowing them to operate in a synchronized way, participants said in a press release.
“Assets, data, and cash can synchronize freely across applications,” they said. “This creates opportunities for financial institutions to offer new innovative products to their clients while enhancing their efficiency and risk management.”
The institutional adoption of Web3 tech was still robust last year despite a slump in digital asset prices.
Spider-Man Is Swinging Into Soccer Stadiums Via Fan Token Maker Socios
Fan token platform Socios, which is owned by the blockchain startup Chiliz, is branching out from its primary sports focus to incorporate entertainment IP—and use its existing connections with sports teams to market an upcoming film at major soccer stadiums.
Ahead of the upcoming release of the animated film “Spider-Man: Across the Spider-Verse,” Socios has integrated Spider-Man-themed trivia and games into its app that has 1.8 million users across 160 countries. Via a licensing agreement with Sony Pictures, the Marvel superhero is also now appearing in stadiums across Spain’s LaLiga and Italy’s Serie A soccer leagues.
English Premier League clubs Manchester City, Arsenal, Crystal Palace, Leeds United, and Everton are also part of the marketing initiative.
Are Scammers Exploiting PEPE Memecoin Hysteria?
We stand witness to price movement of Memecoins such as Milady or Dogecoin following the Tweet from Elon Musk.
Memecoins have witnessed frenzied buying activity, which resulted in prices surging many fold. Apparently, many memecoins went from an obscure and bizarre niche to a massive gambling vehicle that made people millionaires overnight.
PEPE is the latest sensation that captured the imagination of some of the most insatiable degens in the space. This particular frog-themed coin continued to ascend to dizzying heights as FOMO engulfed the market. But the latter is a scammer’s best friend.
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