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Crypto and Gaming Collide in High-Risk ‘play-To-Earn’ Economies
Date: April 8, 2022
By Elizabeth Howcroft (Reuters) – Jarindr Thitadilaka says he made as much as $2,000 a month last year from his collection of digital pets, which he would breed and send into battle to win cryptocurrencies. The 28-year-old from Bangkok was playing Axie Infinity, one of a new breed of blockchain-based online games, dubbed “play-to-earn”, which...
HSBC Launches Metaverse Portfolio for Wealthy Asian Clients
Date: April 6, 2022
SINGAPORE (Reuters) – HSBC Holdings has launched a fund to capture investment opportunities in the metaverse for its rich clients in Hong Kong and Singapore as financial services companies tap into Silicon Valley’s new virtual reality. In a statement on Wednesday, HSBC said its Metaverse Discretionary Strategy portfolio, managed by its asset management arm, will...
Millennials, Gen Z Seek Better Investing Experience via Blockchain
Date: March 30, 2022
By Joe Jowett, Co-Founder and CEO of trading platform StrikeX Traditional financial institutions don’t just have legacy systems and infrastructure to contend with, they have a legacy of financial disasters that have impacted the lives of millennials and Gen Z, fuelling an appetite for alternative financial service providers, including investment solutions built on blockchain technology....
NFTs: A Retirement Option or a Trend?
Date: March 30, 2022
NFTs have been around for a few years now, but they became a pop culture obsession in 2021. What was originally a side hustle for many savvy blockchain and crypto investors turned into a mainstream conversation with countless individuals throwing their hat into the ring via both NFT mints and purchasing existing pieces of digital...
The Ssi Market Could Be Worth Over $550 Billion Annually
Date: March 29, 2022
By Fraser Edwards CEO, cheqd Over the past few years, key thinkers have begun to identify the extent to which Self-Sovereign Identity (SSI) will precipitate a paradigm shift, revolutionising how individuals and companies exchange data across industries as diverse as finance, gaming and travel.[1] One indeed only need look to the pandemic, where SSI proved...
Opening up Finance: Hacking for Good
Date: March 28, 2022
By Chirine Ben Zaied, Head of Innovation, Finastra Covid taught us all to get digital, and the financial services industry has been responding. We’ve seen the industry evolve rapidly and accelerate the pace of change in areas such as digital banking, payments and lending. Open Banking has been a crucial enabler of this change –...