Royal House of Medici Holdings in Collaboration with M1563 Media Launch Web3 Art Auction on the MetaWorks Blockchain at Miami Art Week – World News Report

Collections for exhibit and sale by M 1563 Media will express the values of humanism and the Medici legacy; as well as include historically important works of art, artifacts, and documents

Fairfield, CA., Dec. 02, 2022 (GLOBE NEWSWIRE) — MetaWorks Platforms, Inc. (“MetaWorks” or the “Company”), MWRKMWRK, an award-winning, full-service Web3 blockchain platform provider, is pleased to announce that M 1563 Media, Inc. has launched www.M1563.com on the MetaWorks blockchain in collaboration with the Royal House of Medici Holdings, Inc.

The platform has launched its Genesis Web3 exhibit and auction at Miami Art Week, with a week of events taking place at the Kimpton Surfcomber Hotel, an Art Basel-preferred property situated oceanfront in the heart of South Beach’s Art Deco District between November 30 and December 4.

“M 1563 was created to extend the Medici legacy in the arts,” said Patrick Bonney, CEO of RHM and M 1563. “Our platform and related initiatives will amount to what we are calling a Renaissance 3.0. Through this work, we hope to inspire a new generation of artists and collectors to connect through shared values of intellectual, philosophical, and artistic expression, enabled by our digital platform which will make it possible to own, collect, appreciate, and share high concept contemporary and great historical works of art.”

“We are honored to have been selected by M 1563 and The Royal House of Medici Holding as their platform and service provider for this historical and important collection,” said Cameron Chell, MetaWorks Chairman and Founder. “MetaWorks Web3 infrastructure and technology will help M 1563 achieve their goal of reimagining Renaissance art and post-modern work while inspiring a new generation of artists and collectors.”

“Our launch and inaugural sale has been carefully curated to include an exhibition and auction of modern Renaissance-themed interpretive works of both digital and physical art, photography and mixed media, by some of the greatest contemporary artists in the field,” said Richard Entrup, Strategic Advisor, Artist Relations & Curation at RHM and M 1563. Entrup is formerly the Global CIO of Christie’s and the former CTO of The Museum of Modern Art (MoMA) in New York.

RHM has had an extensive exhibit of Leonardo and Followers’ masterworks in Mexico City since June of this year. Henceforth, M 1563 will undertake such activities and launch a Renaissance exhibition of significant works early next year at a U.S. location to be announced.

M 1563 artists and artwork will be eligible for Royal Warrants from HRH Ottaviano de‘ Medici, The Grand Duke of Tuscany and Chairman of RHM; honors from M 1563; as well as potential entry to the Medici Royal Academy, a primary social impact activity of RHM currently being established in Florence, Italy.

About The Royal House of Medici Holdings, Inc. (RHM)
The Royal House of Medici Holdings, Inc. is a holding company formed in partnership with His Royal Highness Ottaviano de’ Medici, The Grand Duke of Tuscany, for diversified investments to champion and steward the Medici dynasty’s intellectual, artistic and philosophical traditions. Learn more: https://royalhouseofmedici.com/

About M 1563 Media Inc. (M 1563)
M 1563, a wholly owned subsidiary of RHM, is a blockchain enabled art platform that bridges the past, present, and future of physical and digital art. Through the exhibition and sale of distinguished contemporary, as well as historically significant master artworks, M 1563 is a steward of culture and patronage guided by the tenets of humanism, preserving legacy through the power of blockchain, enabling a Renaissance 3.0. Learn More: https://m1563.com/

About MetaWorks Platforms, Inc.

MetaWorks Platforms, Inc. MWRKMWRK is an award-winning full-service blockchain and Web3 development platform that empowers Fortune 5000 brands to create and monetize their metaverse.

For more information on MetaWorks, please visit us at www.metaworksplatforms.io. For additional investor info, visit www.metaworksplatform.io or www.sedar.com, and www.sec.gov, searching MWRK.

Media Contact
Arian Hopkins
arian.hopkins@metaworksplatforms.io

Company Contact
Scott Gallagher, President
scott@metaworksplatforms.io




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Nigeria’s Appzone rebrands to “Zone” to power global payments via blockchain network

Nigerian fintech software provider Appzone has rebranded to “Zone”, a regulated blockchain payment infrastructure company. 

Zone, a Google for Startups Accelerator alumnus, is on a mission to connect every monetary store of value using blockchain. By building Africa’s first layer-1 blockchain network, Zone will enable payments and the acceptance of digital currencies for financial service providers globally. 

As part of its evolution, the company previously known as Appzone is pivoting from its cloud-based SaaS infrastructure to offer payments processing services that support both fiat money and digital currencies, with the intention to enable a hybrid interim period in finance where TradFi and DeFi will coexist seamlessly. 

The startup’s regulated blockchain network enables direct transaction flow between financial service providers without an intermediary, bringing reduced transaction costs, instant dispute resolution, and absolute reliability across Africa’s payment borders and beyond.

Following the rebrand, Appzone’s Banking-as-a-Service business has been carved into a separate standalone company, known as Qore, so it can continue serving existing clients and growing the SaaS platform’s reach. 

“We have led Africa’s fintech sector in global firsts for over a decade. As Appzone, we launched the first core banking and omnichannel software on the cloud as well as the first multi-bank direct debit service based on single global mandates. With this transition to Zone, we are utilising the power of blockchain technology to connect every monetary store of value and enable reliable, frictionless and universally interoperable payments. In doing this, we are building one global network to pay anyone through any means, in any currency, which will ultimately maximise financial inclusion and accelerate economic prosperity for Africa and the rest of the world,” said Zone co-founder and CEO Obi Emetarom.


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Line’s BITFRONT shuts down operations, focuses on blockchain and LINK token

Japanese messaging giant Line has revealed plans to shut down its digital asset exchange firm BITFRONT due to unsettling market conditions.

BITFRONT disclosed the development in a statement released on November 28, saying it intends to bring down the curtain on its operations in March 2023. The exchange blamed the decision on the prolonged “crypto winter” plaguing the digital asset industry since the second quarter of the year.

“BITFRONT was established to enable users to safely store and freely trade their digital assets. And, from the beginning, we have done our best to be a leader in the blockchain industry,” read the statement. “However, despite our efforts to overcome the challenges in this rapidly-evolving industry, we have regretfully determined that we need to shut down BITFRONT…”

The firm says closing down the exchange’s operations will give it ample time and resources to develop the LINE distributed ledger and its LINK token. The disclosure revealed that the winding-up process is unrelated to the widespread incidences of exchanges shutting down due to misconduct.

Beginning on November 28, new users will be precluded from signing up on the systems, while additional deposits and interest payments will be suspended on December 12. The firm notes that users have until December 30 to cancel open orders and trades, while withdrawals will be halted on Marember 31.

BITFRONT assures users that personal information obtained in the course of using the product will be deleted within 40 days after the suspension of withdrawals.

The exchange began operations in 2018, operating under the name Bitbox but a rebrand in 2020 saw it switch to BITFRONT. Although considered to be a small exchange, BITFRONT recorded an average transaction volume of around $55 million while supporting trading for only BTC, ETH, LTC and Tether (USDT).

The fall of digital asset exchanges

Digital asset exchanges have endured a torrid year inundated by shocking collapses that have reverberated throughout the ecosystem. Terra’s implosion was the first shot that reeled exchanges worldwide, with Celsius, Zipmex, and Vauld pausing withdrawals for users.

Gemini, Coinbase (NASDAQ: COIN), and Crypto.com were rocked by the collapse as they began laying off a sizable number of their staff.

Things reached a fervent pitch with the implosion of FTX, a leading exchange in the industry, leaving thousands of investors with dimming hopes of recovering their funds. The shocking collapse forced the hands of surviving exchanges to show proof of reserves in a bid to reassure users that their funds were safe with them.

Watch: The BSV Global Blockchain Convention panel, The Future of Digital Asset Exchanges & Investment

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New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.


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Promoting Financial Access Through Blockchain – The Unbanked Project

According to numerous statistics, a whopping 1.4 billion people are unbanked—that is, they do not own an account at any of the traditional financial institutions. While there have been significant improvements in the last couple of years, more work is needed to embrace the digital world faster. Unbanked, through blockchain and cutting-edge technology, hopes to achieve that.

Unbanked is a US-based, SEC-registered company that aims to connect cryptocurrencies and decentralized finance [DeFi] to traditional financial institutions, debit cards, etc. Through blockchain technology, Unbanked is introducing global accounts focused on cryptocurrencies. Unbanked is committed to empowering users to take absolute control of their currencies and enjoy a better banking experience.

The team combines the utility and efficiency of cryptocurrencies with the level of familiarity synonymous with traditional financial institutions. Unbanked prioritizes global accessibility—onboarding as many users as possible in compliance with regulatory laws.

Features of Unbanked

Unbanked understand the importance of financial access—the website describes it as a fundamental human right. This US-based project will enable financial access at all levels through blockchain technology. Unbanked espouses many features, such as the UNBNK token, to achieve this magnanimous feat.

As the native token on the Unbanked project, UNBNK serves as the spendable asset on the debit card. When you deposit cryptocurrencies like Bitcoin or Ethereum, it is immediately and automatically converted to UNBNK and held until you spend it. It continues; Unbanked cardholders can seamlessly stake UNBNK and earn between 1% to 6% back in total card spend rewards.

UNBNK is actively available on the Stellar and Ethereum blockchains, and with a maximum supply of 1 billion, Unbanked employs a burn mechanism to restore balance to the token across chains. Additionally, UNBNK is a deflationary token, meaning that the maximum supply will continually decrease as more users are onboarded over time.

In addition to the UNBNK token, Unbanked boasts a better financial banking experience. The project’s intuitive bank accounts provide United States residents with a global, accessible, and crypto-friendly financial tool capable of tracking everything—spending, purchases, transfers, etc.

Unbanked also guarantees seamless cross-border transactions as an added feature. While there are many international payment gateways, Unbanked delivers a faster, cheaper, and more convenient option.

You can make cross-border payments with Unbanked. In a hassle-free manner, you can buy BTC, ETH, and the UNBNK token with your bank account. That’s not all; Unbanked guarantees instant payments, eliminating delays associated with traditional purchases to a greater degree. Super-fast crypto purchases commingled with instant settlements are some of the other features of Unbanked.

Accomplishments of the Unbanked Project

As one of the most innovative projects in the DeFi, crypto, and traditional spaces, Unbanked, since its launch, has committed to delivering a sublime banking experience. Residents of over 200+ countries can conveniently get FDIC bank accounts to buy cryptocurrencies.

US and European residents, on the other hand, can get Unbanked crypto debit cards. According to the team, these cards are already available in the US and Europe with more regions coming in the next few months such as Latina America and India.

Unbanked has partnered with various banks and card networks. It is currently a VISA and Mastercard program manager, and per recent reports, Unbanked could launch AMEX’s novel NFT cards. Additionally, Unbanked provides card and technology support to a few web3 companies like Litecoin Card.

Crypto Card Availability

With many crypto card companies recently shutting down, the availability in certain regions as have been limited. If you are a resident of the following countries than you can register for a card now.

According to numerous statistics, a whopping 1.4 billion people are unbanked—that is, they do not own an account at any of the traditional financial institutions. While there have been significant improvements in the last couple of years, more work is needed to embrace the digital world faster. Unbanked, through blockchain and cutting-edge technology, hopes to achieve that.

Unbanked is a US-based, SEC-registered company that aims to connect cryptocurrencies and decentralized finance [DeFi] to traditional financial institutions, debit cards, etc. Through blockchain technology, Unbanked is introducing global accounts focused on cryptocurrencies. Unbanked is committed to empowering users to take absolute control of their currencies and enjoy a better banking experience.

The team combines the utility and efficiency of cryptocurrencies with the level of familiarity synonymous with traditional financial institutions. Unbanked prioritizes global accessibility—onboarding as many users as possible in compliance with regulatory laws.

Features of Unbanked

Unbanked understand the importance of financial access—the website describes it as a fundamental human right. This US-based project will enable financial access at all levels through blockchain technology. Unbanked espouses many features, such as the UNBNK token, to achieve this magnanimous feat.

As the native token on the Unbanked project, UNBNK serves as the spendable asset on the debit card. When you deposit cryptocurrencies like Bitcoin or Ethereum, it is immediately and automatically converted to UNBNK and held until you spend it. It continues; Unbanked cardholders can seamlessly stake UNBNK and earn between 1% to 6% back in total card spend rewards.

UNBNK is actively available on the Stellar and Ethereum blockchains, and with a maximum supply of 1 billion, Unbanked employs a burn mechanism to restore balance to the token across chains. Additionally, UNBNK is a deflationary token, meaning that the maximum supply will continually decrease as more users are onboarded over time.

In addition to the UNBNK token, Unbanked boasts a better financial banking experience. The project’s intuitive bank accounts provide United States residents with a global, accessible, and crypto-friendly financial tool capable of tracking everything—spending, purchases, transfers, etc.

Unbanked also guarantees seamless cross-border transactions as an added feature. While there are many international payment gateways, Unbanked delivers a faster, cheaper, and more convenient option.

You can make cross-border payments with Unbanked. In a hassle-free manner, you can buy BTC, ETH, and the UNBNK token with your bank account. That’s not all; Unbanked guarantees instant payments, eliminating delays associated with traditional purchases to a greater degree. Super-fast crypto purchases commingled with instant settlements are some of the other features of Unbanked.

Accomplishments of the Unbanked Project

As one of the most innovative projects in the DeFi, crypto, and traditional spaces, Unbanked, since its launch, has committed to delivering a sublime banking experience. Residents of over 200+ countries can conveniently get FDIC bank accounts to buy cryptocurrencies.

US and European residents, on the other hand, can get Unbanked crypto debit cards. According to the team, these cards are already available in the US and Europe with more regions coming in the next few months such as Latina America and India.

Unbanked has partnered with various banks and card networks. It is currently a VISA and Mastercard program manager, and per recent reports, Unbanked could launch AMEX’s novel NFT cards. Additionally, Unbanked provides card and technology support to a few web3 companies like Litecoin Card.

Crypto Card Availability

With many crypto card companies recently shutting down, the availability in certain regions as have been limited. If you are a resident of the following countries than you can register for a card now.


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Crypto and blockchain will be Web3 key to securing the future of payments, one company says

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Web3 is set to become the next iteration of the internet. And, while it has been on the horizon for some time now, it remains to be seen just how it will look and operate. 

Still, while there is no rigid definition yet, several core principles are guiding its creation.

Notably, it will be decentralized — its ownership will be distributed as opposed to controlled by a handful of large corporations; permissionless — providing equal access; and trustless — as opposed to control by a central authority, participants must reach a consensus. 

It will also have native payments. That is, cryptocurrency — in contrast with traditional banking infrastructure.

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But crypto, as we’re all aware, has had several significant security challenges

“Ultimately, Web3 is a young and evolving ecosystem,” said Deddy Lavid, cofounder and CEO of automated detection and response platform CyVers. “We are only at the beginning of creating its infrastructure — but one of the leading Web3 challenges is the theft of assets.”

CyVers has sought to address this problem with its real-time prevention and detection platform; to help further this mission, the company today received an infusion of $8 million in funding led by Elron Ventures.

Ultimately, the goal is to “bring proactive Web3 cybersecurity standards to financial institutions,” said Lavid. 

The power of blockchain

At its core, Web3 uses blockchains, cryptocurrencies, and nonfungible tokens (NFTs) to put ownership in the hands of users. 

Blockchain is a distributed database of blocks linked through cryptography. This decentralized, distributed and public digital ledger records transactions across many computers so that records cannot be retroactively altered without network consensus or altering every subsequent block. 

Lauded as faster, cheaper, traceable, immutable, and universal, it is set to be the next financial system, said Lavid — but like Web3 itself, the technology is still in its early days. 

But many have been skeptical of crypto from the start — and a spate of cryptocurrency-based crimes have only served to compound that. The theft of digital assets surged to $22 billion in 2022, with 95% of stolen assets occurring in the decentralized finance (DeFi) sector. 

Recent high-profile hacks — to the tune of hundreds of millions — have included PolyNetwork, Ronin Bridge and Wormhole.

Cross-chain bridges enable the transfer of digital assets and sensitive information between independent blockchains; this year alone, cross-chain bridge hacks have accounted for the majority of stolen crypto funds. More than $1 billion has been swiped via such hacks recently.

Lavid pointed out that since the 2020 crypto rush, the market has been struggling with a spate of factors: liquidity, volatility, overhyped applications, bankruptcies, negligence, prevalent fraud and theft, overall mismanagement and a lack of trader trust. 

“It’s harder than ever to trust crypto,” he said. 

Real-time detection

Still, the global cryptocurrency market is expected to reach nearly $12 billion by 2030, registering a compound annual growth rate (CAGR) of roughly 12% from 2022. And, by one estimate, the blockchain technology market is expected to balloon to $1.59 trillion by 2030, registering a CAGR of 87%. 

Platforms like CyVers have emerged as a result; the company’s software-as-a-service (SaaS) platform helps to detect criminal activity and provides real-time intelligence to stop it, Lavid explained. It is agentless and requires no deployment, and can be quickly integrated through an API or plug-in.

Compliance, fraud and risk teams can automatically identify and respond to incidents across the entire crypto attack surface, said Lavid. CyVers can freeze illicit transactions and return stolen funds once an attack is detected — and before they become immutable on the blockchain. 

Lavid said the platform leverages artificial intelligence (AI) and machine learning (ML) to detect whether there is a pattern of abnormal or suspicious activities, patterns or criminal behaviors. Graph representation learning, or graph embedding, extracts structural information from networks, while representation learning enables graph-based ML, network-driven anomaly detection and visualization.

In a screening process, addresses are checked against a deny list of addresses that the system has marked as problematic, Lavid explained. This list is based on extraction and analysis of the transaction history in different blockchain networks, smart contract events, logs, functions and other variables. This is then combined with data from public sources. 

CyVers then makes an immediate decision about whether to approve or deny a transaction, and a report is then issued explaining the decision and findings, as well as risk scores on transactions and suggested corrective actions.

The company moves away from blacklists, code auditing, and fund tracing, identifying cyber-attacks and carrying out corrective measures within milliseconds, said Lavid. 

Founded in early 2022 by Meir Dolev and Lavid (who holds 11 patents in automated anomaly detection), CyVers serves financial institutions, banks, wallet providers, decentralized finance protocol companies, custodians, and exchanges.

Trustworthy and transparent Web3

As for the benefits of Web3 itself, Lavid pointed out that centralized enterprises like Facebook, Google and Apple have helped millions of people join the current internet while establishing the infrastructure on which it runs. Still, that has given a handful of centralized entities a stronghold on large swathes of the internet, “unilaterally deciding” what should and should not be allowed.

“Today, large technology companies monopolize the web,” he said. But Web3 is decentralized, meaning that users build, operate and own it.

“Another way to look at it is Web2 is the internet of data,” said Lavid, “and Web3 is the internet of values.”

And, CyVers aims to help enable that. As Elik Etzion, managing partner at CyVers investor Elron Ventures, commented, “together, we are enabling a world of a trustworthy and transparent Web3.”

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Clearing company tests out securities transaction settlements on blockchain networks

The Digital Dollar Project (DDP) and the Depository Trust & Clearing Corporation (DTCC) released the results of their Security Settlement Pilot project Nov. 30. The project tested a simulated digital U.S. dollar in transactions with tokenized securities on a blockchain network under real-world conditions. 

The project was designed “to better understand the implications of a U.S. Central Bank Digital Currency (CBDC) on post-trade settlement,” especially on DvP (delivery versus payment) settlements, sometimes called atomic settlements, that ensure securities transfers only take place simultaneously or nearly simultaneously with payment. No U.S. CBDC has been developed or even authorized yet.

DTCC managing director Jennifer Peve wrote in her company’s foreword:

“These efforts, which are detailed in this white paper, simulate future settlement functionalities while ensuring optionality for clients as well as the same – or higher – levels of safety and security as DTCC’s existing settlement solutions.”

The pilot used a third-party “orchestrator” between DTCC’s Digital Settlement Network prototype and the Digital Dollar Network to execute instructions and eliminate counterparty risk. This is because the parties in a transaction may have different settlement banks that will not have full visibility into both networks. Assets were encumbered on both networks during transactions.

In addition, it used “an algorithmic encumbrance mechanism to enforce conditions on the release of assets, which leveraged smart contracts to control the asset rather than a third party.” Transactions in the test system take a total of 12 steps.

The pilot system allowed for a variety of netting and settlement options that encompassed T2, T1 and T0 intraday and end-of-day.

U.S. settlement practices differs significantly from the rest of the world. Results of the settlement trial were evaluated by participating banks, which included Bank of America, Citi, Nomura, Northern Trust, State Street, Virtu Financial and Wells Fargo.

This was the first of five planned pilot projects. The Digital Dollar Project was created in 2020 by the Digital Dollar Foundation and technology consulting firm Accenture. It created a technical sandbox in September. The DTCC handles the vast majority of securities transaction settlements in the United States.