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Dubai has announced the construction of a 17-storey Crypto Tower to adapt to the growing blockchain and Web3 technology. The Crypto Tower will boast 150,000 square feet of leasable space for the Web3 community to build projects. The United Arab Emirates is looking to leverage blockchain technology and make it a hub for all innovations. The UAE is in a race with the US to clinch the title of the world’s blockchain hub. Also Read: 2 Countries to Sign Defense Deals in Local Currencies, Ditch US Dollar Source: khaleejtimes.com The upcoming 17-storey Crypto Tower will be situated at the Dubai Multi Commodities Centre (DMCC) region. The DMCC is the city’s international business district that drives the flow of global trade. The free-trade zone will soon attract crypto businesses into its fold as the UAE encourages advancing blockchain tech. The construction of the ambitious project is expected to be completed in the first quarter of 2027. Also Read: Nvidia Stock (NVDA) Projected t...

In the fast-paced crypto market, tracking the top crypto gainers can provide invaluable insights for investors looking to capitalize on emerging trends. As of today, notable players like Golem, Ontology, Aelf, and Ocean Protocol have made significant strides. Each brings unique technologies and market strategies to the forefront. This article delves into their recent performance, highlighting key developments that contribute to their rising status.   Biggest Crypto Gainers Today – Top List Each token represents a compelling opportunity for investors. First, Golem appeals to those interested in decentralized computing solutions, offering potential rewards in the growing AI sector. Next, Ontology attracts investors focused on privacy and regulatory compliance, making it ideal for Web3 enthusiasts.  Additionally, Aelf stands out for those seeking a developer-friendly blockchain that integrates AI, which is perfect for tech-savvy investors. Meanwhile, Ocean Protocol capt...

Web3 companies, events, and jobs available in Dubai have turned the city into a crypto hub, and people are following the lead. The crypto-friendly regulations have turned Dubai and the United Arab Emirates (UAE) into a hotspot for Web3 technologies. Since Dubai set a clear regulatory framework for crypto welcomed by most industry players, it has become a second home for many global Web3 projects, including those dealing in the decentralized finance (DeFi) and NFT scenes. Research by Recap shows that Dubai is a top crypto hub in the world, only second to London, based on the crypto-based events, companies, crypto ATMs and crypto job opportunities in the city. Cutting-edge Web3 technologies like NFTs found new uses for daily life thanks to the friendly environment in the region — from event ticketing to scientific research. The innovation spurred across the Emirates also brought life to a number of global events, with one of them being the AIBC Dubai. Deemed a pioneering blockchain and ...

Web3 was a major theme at SXSW 2023, yet previous hype around NFTs and building during a bear market may be contributing factors to Web3 adoption. Giant rabbits wearing trendy outfits situated alongside cartoon characters with rainbows flowing out of their mouths lined the streets of South by Southwest (SXSW) last year. This is because two nonfungible token (NFT) projects — Doodles and Fluf World — dominated SXSW 2022.  Yet these projects were nowhere to be found at SXSW 2023, demonstrating the lack of interest in NFTs this year. This shouldn’t come as a surprise, though. With crypto prices down, coupled with declining NFT prices and trading volumes, very few projects seem to be focused on digital collectibles. Instead, SXSW 2023 was overrun by major brands and consultancy firms boasting the promise of Web3. Brands discuss Web3 strategies at SXSW 2023 Avery Akkineni, president of Vayner3 — a Web3 consultancy firm founded by Gary Vaynerchuck — told Cointelegraph that Web3 is moving b...

To help transfer Synergy Land’s resources onto the EVM chain, Xternity proposed a process — via its network migration tool — that can be used to migrate games or projects across chains. Ethereum layer-2 scaling solution Polygon, joined hands with Xternity, a Web3 gaming development platform, to migrate and onboard a multiplayer Web3 game — Synergy Land — to the Polygon network from Solana. As blockchain platforms, Solana focuses primarily on scalability and cost-cutting, while Polygon allows for seamless interaction with the Ethereum ecosystem. To help transfer Synergy Land’s resources onto the Ethereum Virtual Machine (EVM) chain, Xternity proposed a process — via its network migration tool — that can be used to migrate games or projects across chains. Speaking about Xternity’s goal to accelerate Web3 game development, co-founder and CEO Sagi Maman, stated that both players and developers should have the option to choose their own blockchain ecosystems. For users, the migration pro...

The exchange said it intends to outline further details in a report in January 2023. The FTX-owned Japanese crypto exchange Liquid has announced plans to begin the process of return ing customer assets in 2023.  According to the Dec. 29 statement issued on its blog, the exchange is preparing to return assets entrusted by both customers from FTX Japan and Liquid Japan, and is working on a report for January 2023 that would further outline the details.  A statement from the team read: “For the assets entrusted to us by our customers at FTX Japan and Liquid Japan, we are proceeding with system development so that withdrawals will be possible from the Liquid Japan web version.”  According to Liquid, the system intends to allow users who are unable to access FTX, to check their FTX Japan balance from the Liquid Japan web version, and also make withdrawals from there. However, customers using the Liquid Japan platform are expected to be able to withdraw as usual. On Dec. 13, the exchang...