Category Archives: Web3, Decentralization, DAOs

How Important is KYC for crypto transactions?

Guest Post | Jan 20, 2023

Freepik – crypto

Image: Freepik/crypto

Cryptocurrency is a revolutionary new form of money and it’s here to stay. With its decentralized, digital nature, it can be utilized for financial transactions with greater privacy than a traditional currency like dollars and euros. But even though blockchain technology offers more security than other systems, there are still necessary steps that need to be taken in order to ensure that crypto transactions are done safely. In this blog, we'll be taking a look at why knowing your customer (KYC) is important for crypto transactions.

What Is KYC?

KYC stands for ‘know your customer’ and is a set of procedures required by most financial institutions. It is a process by which businesses verify the identity of their customers in order to ensure that they are not involved in any illegal activities such as money laundering or terrorism financing. This involves collecting information like names, addresses, and other documents to verify the customer’s identity.

What is AML?

AML stands for ‘anti-money laundering’, which is a set of laws and regulations to prevent criminals from using the financial system to launder money. AML requires businesses to put in place certain measures to help identify suspicious activity and ensure that customers are who they say they are.

What is Crypto?

Crypto is a digital form of currency that exists on a decentralized, secure network called the blockchain. It can be used to make payments, store value, and transfer funds without any third-party interference like banks or governments. This makes it an attractive alternative for those who want to make financial transactions without having to worry about the regulations associated with traditional currency. Transactions are secure, private and fast, so it’s no wonder that more and more people are turning to cryptocurrency as time goes by.

Why Are AML Regulations In Place?

AML regulations were put in place to protect businesses and consumers from financial crime such as money laundering. They also help ensure that the customer is legitimate and not attempting to use someone else’s identity for illegal activities. These regulations can help reduce fraud, as well as provide better protection for customers and businesses alike.

What Are Some Examples of Anti-Money Laundering Regulations?

Examples of AML regulations include customer due diligence (CDD), suspicious activity reports (SARs), and know-your-customer (KYC) processes. Let's look further into two and how they prevent money laundering:

Customer Due Diligence:  This is a process where businesses perform due diligence on their customers to ensure that they are not involved in any criminal activity. This includes verifying the customer’s identity, assessing their source of funds, and monitoring their transactions for signs of suspicious activity.

Suspicious Activity Reports: Businesses are required to report any suspicious activity or transactions that may be related to money laundering. This helps prevent criminals from using the financial system for illegal activities.

Combined with KYC, these regulations help make sure that businesses are not unwittingly used for money laundering and other financial crimes. This keeps cryptocurrency transactions safe and secure, while at the same time ensuring that customer data is kept private and secure.

How Important Is KYC For Crypto Transactions?

Cryptocurrency transactions are often anonymous, meaning that there is no way to verify the identity of the sender or receiver. Therefore, it is important for businesses involved in crypto transactions to ensure that proper KYC measures are taken.

What Are The Benefits of Using KYC For Crypto Transactions?

Let's take a look at some of the benefits of using KYC for crypto transactions:

  • Increased security – By verifying the identity of customers, businesses can reduce the risk of fraud and money laundering. This helps to ensure that customer funds are safe and secure, as well as preventing malicious actors from taking advantage of the system.
  • Enhanced customer experience – KYC procedures help to create a smoother, more secure process for customers. This ensures that customers have a positive experience when using crypto transactions, as well as preventing any potential fraud or identity theft.
  • Reduced risk – KYC helps businesses reduce the risk of being involved in illegal activities, as it allows them to verify the customer’s identity before any transactions take place.
  • Improved compliance – AML regulations require businesses to take certain steps to help prevent financial crime. By implementing KYC procedures, businesses are better able to meet their compliance requirements.
  • Improved trust – Customers can have greater trust in a business when they know that it is taking the necessary steps to protect their funds and identity. This helps to promote customer loyalty and build long-term relationships.

Is The Blockchain Secure Without KYC?

The blockchain is an immutable ledger, meaning that it is nearly impossible for anyone to alter or reverse a transaction once it has been written to the chain. However, this does not mean that there are no risks involved with using cryptocurrencies. Without KYC procedures in place, there is still a risk of malicious actors exploiting the system and attempting to launder money or steal identities. That’s why it is so important for businesses to use KYC when dealing with crypto transactions.

Is Crypto The Future?

Cryptocurrency is still a relatively young industry, and it’s uncertain whether it will become widely adopted in the future. But one thing is for certain: KYC procedures are essential for businesses involved in crypto transactions to ensure that their customers' funds and identities are safe.

See:  Will Crypto Recover in 2023? Quite Possibly, and Here’s Why

By taking the necessary steps to implement KYC regulations, businesses can help protect themselves and their customers, as well as create a more secure crypto environment.

In conclusion

KYC is an important part of any cryptocurrency transaction. By implementing proper KYC procedures, businesses can reduce the risk of fraud or money laundering while also creating a smoother and safer experience for customers. This helps to promote customer trust and loyalty, while also ensuring compliance with AML regulations. With the right measures in place, businesses can help ensure that crypto transactions are secure and compliant.


NCFA Jan 2018 resizeThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Gamers Rejoice! AR/VR, Blockchain, and Online Gaming Collide for a Revolutionary Experience

Jan 16, 2023

Unsplash – Andrey Metelev, gaming

Image: Unsplash/Andrey Metelev

Online gaming has come a long way since its inception, and with the advent of new technologies like Augmented Reality (AR), Virtual Reality (VR), and Blockchain, it's on the cusp of a revolutionary change. These technologies have the potential to change the way we play, interact and transact in the online gaming space.

We will explore the intersection of these technologies, discussing the opportunities and challenges that lie ahead. Our thesis statement is that these are set to revolutionize the online gaming industry and will create a new breed of immersive and secure gaming experiences for players.

AR/VR is being used in the online gaming and online poker industry to create more immersive and engaging experiences for players. In online gaming, AR/VR technology is being used to create virtual worlds and environments where players can interact with each other and the game in a more realistic way.

Virtual Reality is revolutionizing the online poker experience by allowing players to sit at virtual tables and interact with other players in real-time. Looking for the best VR poker platforms? Look no further, Top10pokersites.net provides expert reviews for the top virtual reality poker sites. In online poker, examples of popular platforms include VR Poker and Poker VR.

When it comes to the general online gaming industry, there are a variety of popular examples of games and platforms that utilize them. Some of the most well-known examples include Minecraft VR, a virtual reality version of the classic sandbox game, Beat Saber, an action-packed VR rhythm game, and Robo Recall, a fast-paced VR shooter game. These examples showcase the potential of AR/VR in the online gaming industry and the level of immersion it can provide to players.

The potential benefits of online gaming and online poker also include increased immersion and engagement for players, as well as the ability to create more realistic and social experiences. However, there are also limitations to the technology, such as the high cost of hardware and the limited player base. As technology continues to evolve and becomes more accessible, the online gaming and online poker industry are expected to see more widespread adoption of AR/VR tech.

Blockchain technology is being used in the online gaming industry to create decentralized and transparent gaming experiences. By using blockchain, game developers can create games that are decentralized and run on a peer-to-peer network, which eliminates the need for a central authority. This allows for more transparency and fairness in the game. Some popular examples of blockchain-based games and platforms include Cryptovoxels, Axie Infinity, and The Sandbox.

The potential benefits of blockchain in online gaming include increased transparency, security, and fairness in the game. It also allows players to have full control of their virtual assets and in-game currency, which can be traded or sold on the open market.

Additionally, blockchain technology allows for the creation of non-fungible tokens (NFTs), which can be used to represent unique in-game assets. However, there are also limitations to the technology, such as the lack of scalability, and the need for players to have a basic understanding of blockchain. Nevertheless, as the technology continues to evolve and becomes more accessible, the online gaming industry is expected to see more widespread adoption of blockchain technology.

By combining the two, game developers can create virtual worlds that are decentralized and transparent, allowing players to have full control over their virtual assets. The use of blockchain technology in AR/VR games can improve the overall security and fairness of the game. Some examples of games and platforms that utilize both include Decentraland, Somnium Space, and The Sandbox.

The potential benefits of combining AR/VR and blockchain include increased immersion, security, and transparency. Players will be able to experience virtual worlds that are more realistic and social, while also having full control over their virtual assets. However, there are also limitations to the technology such as the high cost of hardware, the limited player base, and the need for players to have a basic understanding of blockchain technology.

The intersection of AR/VR, blockchain, and online gaming presents a wide range of opportunities for growth and innovation. For example, the use of blockchain technology can create new revenue streams for game developers and publishers through the sale of virtual assets and in-game currency. Additionally, AR/VR technology can open up new markets for online gaming, such as education and training, and can create new opportunities for advertising and sponsorships.

See:  Ep27-Mar 1: Blockchain Gaming and Esports with Shidan Gouran

Some challenges and limitations may arise with the intersection of these technologies. For example, the high cost of hardware and the limited player base may limit the adoption of AR/VR technology in online gaming. Additionally, the lack of scalability and the need for a basic understanding of blockchain technology may limit the adoption of blockchain in online gaming. Therefore, game developers and publishers need to consider these challenges and limitations when developing and implementing AR/VR and blockchain technology in online gaming.

In conclusion, the intersection of AR/VR, blockchain, and online gaming is set to revolutionize the way we play, interact and transact in the online gaming space. As we have seen in this blog post, AR/VR technology is being used to create more immersive and engaging experiences for players, while blockchain technology is being used to create decentralized and transparent gaming experiences.


NCFA Jan 2018 resizeThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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BIS Publishes Report on Options to Address Crypto Risks: Ban, Contain, Regulate, Or?

Ledger Insights | Jan 12, 2023

BIS – Options to ban, contain, regulate crypto

Image: BIS

The Bank for International Settlements (BIS) published a brief paper exploring the options to address the risk of cryptocurrencies, or as it likes to call them, crypto-assets.

  • Heightened Risks:  It argues that cryptocurrencies feature many of the risks of TradFi, but while similar, the risks tend to be exaggerated. These include the extensive use of leverage, liquidity and maturity mismatches, and significant asymmetries in information.
    • The BIS report highlights that DeFi often is not decentralized because founders have significant token stakes or others can acquire major influence.
    • It also points to the critical roles of centralized cryptocurrency exchanges as crypto onramps.
    • Another observation we have is that decentralized wallets increasingly enable direct onramps using credit cards which over time may partially erode the onramp role of exchanges.

See:  BIS Limits Banks to Hold 1% of Reserves in Bitcoin –> “Banks Won’t HOLDL”

  • The three direct routes to control crypto risks are to ban, contain, or regulate it.
    • The BIS recognizes that banning it may not be acceptable for free societies. Also, bans can be circumvented and it could inhibit innovation.
    • By containing crypto the BIS means ringfencing crypto, so the minimal overlap with TradFi is maintained.
    • Regulate. A common approach is mapping crypto activities to conventional activities to apply the same risks and rules. But the mapping is not always straight forward. For example, some jurisdictions will regulate stablecoin issuers as banks, some as payment systems and others as banks. A second challenge is identifying the entity in a decentralized world.

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NCFA Jan 2018 resizeThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Bloomberg: Coinsquare and WonderFi in Advanced Merger Talks

Coindesk | Nelson Wang | Jan 12, 2023

Pexels – Ivan Babydov, crypto

Image: Pexels/Ivan Babydov

Coinsquare Ltd. and WonderFi Technologies (WNDR) are in advanced talks to merge and become Canada’s largest crypto exchange, according to a report from Bloomberg, citing people familiar with the matter.

  • Shares of the Kevin O’Leary-backed WonderFi were halted on the Toronto Stock Exchange following the release of the news on Thursday afternoon. WonderFi's shares closed up 29% to 31 cents.
  • The potential deal comes just days after Coinsquare terminated a previous agreement to acquire Coinsmart Financial, another crypto exchange based in Canada, according to Coinsmart.

See:  Want Institutional Adoption? You Have to Sacrifice Tornado Cash, says Kevin O’Leary

  • The terms of the potential Coinsquare-WonderFi merger were not known, although one potential scenario involved Coinsquare shareholders taking a majority stake in the combined company, one of Bloomberg’s sources said.
  • WonderFi said in November it had about 650,000 users and $258 million in assets under management, while the privately-held Coinsquare said it had about 500,000, according to Bloomberg.

Continue to the full article --> here


NCFA Jan 2018 resizeThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Will Crypto Recover in 2023? Quite Possibly, and Here’s Why

Guest Post | Jan 8, 2023

Unsplash FTSE

Image: Unsplash

Following the massive collapse in the crypto market recently, everyone is panicking about what will happen next. Is long-term recovery anywhere in sight? Is this a safe way to keep your money at all? Could something unexpected happen again soon?

These are all perfectly legit questions, and although there are no guaranteed answers, there are certain things that we can say to partially assuage nervous investors.

People will be on the lookout for fraud

Following collapse of FTX and the arrest of Sam Bankman-Fried in his massive fraud scandal, people are starting to wake up to the potential dangers involved in handling cryptocurrencies. This is not to suggest that there could never again be another scandal. Of course, such things are possible in any realm.

But people and institutions will behave more cautiously after this, and especially in the period immediately following the crash as markets are still shaking from the shock.

The stock market itself hasn’t yet recovered

Another thing to consider is that everything is at a low point now, and for a variety of reasons. Covid, the war in Ukraine, unrest in many places…there are a lot of factors influencing the markets now that will eventually become less prominent in terms of their effect on global dynamics. Interest rates are high, and they are expected to be cut in the first quarter of 2023. Markets will go up in general at this time, so keep your eyes open for an overall recovery soon.

There have been lows before

Just as with the regular stock market, the crypto market has experienced ebbs and flows in the past. Every time there is a major hit, people start to panic. Remember, there were several big crashes in 2012-2013, including a massive Ponzi scheme in 2012. Then Bitcoin experienced a major bubble that burst in 2018, sending prices plummeting. And of course the pandemic wasn’t friendly towards cryptocurrencies, either, as people lost money everywhere and crypto went down along with it.

But at the end of each of these cycles, the currencies bounced back. And not only that, but in general big dips have been followed by significant bull runs. Of course, we cannot predict exactly when this will happen this time, but you can be fairly confident that a recovery is on the horizon somewhere because it is simply the nature of the beast.

Crypto affects many more people than just casual investors, and in many ways

Also, it would be wise to think about the number of things that have been being built upon the cryptos and their associated technology for years already.

Take e-wallets, for example. They have been gradually rising in popularity, and their usage base crosses geographical and socioeconomic boundaries. For example, they have become in poorer countries where standard forms of payment are not acceptable. People are getting used to the convenience of them, and this isn't likely to go away anytime soon. Buidlbee provides useful information and tips for people looking to use e-wallets, understand the risks involved, and get a better picture of the crypto situation overall.

Also, because of the incompatibility of many different kinds of currencies, crypto is a popular way for people to send remittances to their home countries. This kind of convenience isn't going to be replaced any time soon, so there will almost certainly remain a need for some international currency that can be used and transferred across difficult borders.

Blockchain is growing in general

Let’s also remember that blockchain isn’t going anywhere. In fact, its uses are blossoming in many new directions, with applications in medicine, logistics, gaming, and other areas, and the technology is becoming far too convenient to ignore. So it isn’t something that can be brushed aside easily.

Keep your eyes open in general, and also on specific currencies

A good rule of thumb is to keep watching the trends. While you can’t predict everything that might affect the markets, you can watch out for overall changes and read up on experts’ opinions about where things seem to be headed. Also, take a look at cryptos that seem to be getting stronger this year. And look beyond the usual ones as you never know what might be on the rise.

Most importantly, keep it all in stride. Like anything that grows, there will be pains involved; you just need to make wise judgments about how great these pains will be and when they will likely subside.


NCFA Jan 2018 resizeThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Everything You Need to Know About Crypto License

Jan 5, 2023

Pixabay – anncapictures, Bitcoin acceptedBitcoin, Cryptocurrency, Currency by anncapictures is licensed under Pixabay

Cryptocurrencies and blockchain technology have revolutionized the way we handle financial transactions. As the demand for digital assets increases, so does the need for a secure and regulated environment where these transactions can take place. A crypto license is a permit granted by government agencies to businesses that wish to enter the cryptocurrency market as legitimate businesses. This article will discuss the basics of a crypto license, how to get one, and why it is important. Let's get started.

What is a Crypto License?

A Crypto License is a digital license issued by the government or financial regulator that grants companies specialized rights to operate in cryptocurrency. For instance, a UK FCA crypto license allows companies to offer crypto services such as trading, transferring, and exchanging digital assets like cryptocurrency. A Crypto License also provides legal protection for companies conducting business with Bitcoin or other virtual currencies.

Companies or individuals requiring this license must meet certain criteria to be eligible. These requirements usually include demonstrating the ability to provide secure storage and processing of digital assets, having adequate capital and risk management procedures in place, and showing a commitment to compliance with anti-money laundering regulations.

What Do Crypto Licenses Allow Companies To Do?

Crypto licenses give companies the right to provide services related to buying, selling, transferring, and exchanging digital assets such as cryptocurrency. This includes offering custodial services or creating trading platforms for investors.

Depending on the type of license issued, companies may also be able to facilitate blockchain-based token sales or initial coin offerings (ICOs). However, such may differ between countries, so companies should check with their local financial regulator for specific details.

How do I Get a Crypto License?

To get a crypto license, companies must meet the requirements of the local financial regulator. This usually involves completing an application form, providing evidence of adequate capital and risk management procedures, demonstrating technical competence in handling digital assets, and giving proof of commitment to complying with relevant anti-money laundering regulations

The processing time for such applications can take anywhere from several weeks to a few months, depending on the complexity of the application and the financial regulator's workload. Also, this varies between countries, so companies should check with their local regulator for details. For instance, the Financial Conduct Authority in the UK has a straightforward process for applying for a crypto license.

Why Do Companies Need A Crypto License?

Crypto licenses are essential for businesses that wish to operate in the cryptocurrency industry. Without one, companies could be violating local financial regulations and face fines or other legal repercussions

In addition, crypto licenses provide companies with the legal protection they need to offer services related to cryptocurrency. Without this, companies could be exposed to financial losses or other risks associated with digital assets

Crypto licenses also help boost investor confidence by ensuring that the company is compliant with local financial regulations and has adequate security measures to protect customers' funds and data.

Benefits of Crypto Licenses

Various benefits come up with obtaining a crypto license. These include:

  • Better investor confidence: By obtaining a crypto license, companies can demonstrate their commitment to compliance with local regulations and show that they have adequate security measures in place to protect customers' funds and data.
  • Protection from risks: With a crypto license, companies have legal protection should any issues arise with digital assets or cryptocurrency trading.
  • Increased credibility: Having a crypto license can help companies stand out from the competition and attract more customers. For instance, investors may be more likely to trust a company that is licensed than one that is not.

How to Know if A Crypto License Is Right For You?

Before you decide to apply for a crypto license, there are several factors that you should consider. These include the cost, time commitment, and complexity of the process. It's also important to ensure you meet all the necessary criteria before submitting your application.

If you believe that obtaining a crypto license is your business's best course of action, then it's important to do your research and understand all the requirements. This will help ensure you get the most out of the process and minimize potential risks.

Lastly, it's important to note that the requirements for obtaining a crypto license may differ between countries. Therefore, you should check with your local financial regulator for specific details and ensure you understand all the implications before applying.

See:  Crypto and DeFi: Understanding the Risk Landscape and Tackling the Shifting Outlook

Obtaining a crypto license is an important step for companies that wish to operate in the cryptocurrency industry as legitimate businesses. It helps protect companies from financial risks, increases credibility and investor confidence, and provides legal protection should any issues arise with digital assets or cryptocurrency trading. Before applying for a crypto license, you must understand all the requirements and ensure you meet them. Additionally, companies should check with their local financial regulator for specific details on the application process. With the right preparation, a crypto license can help your company grow and succeed in cryptocurrency.


NCFA Jan 2018 resizeThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Connected Metaverse Platforms Coming to TV with Oorbit and LG Partnership

VentureBeat | Dean Takahashi | Jan 4, 2023

OorbitOorbit virtual DJ in a metaverse, which operates a metaverse platform, has partnered with LG Electronics to bring interoperable virtual worlds to LG TVs.

  • LG’s endorsement of the metaverse is worth noting, as there are a lot of metaverse skeptics out there. The metaverse is getting a boost at CES 2023, where LG made the announcement, as many companies are talking about it.  Through this partnership, Oorbit and LG will bring immersive games and experiences together and make it easy for consumers to interact in the metaverse [via TV].
  • Using cloud streaming technology, Oorbit users will be able to enjoy super high-fidelity interconnected virtual worlds and experiences including virtual concerts on Elynxir from Pixelynx and AI generative multiplayer games in Auxworld from Auxuman.
  • Users will also retain a persistent digital identity they take with them from experience to experience. That makes achievements and purchases portable between worlds.

See:  Building Comprehensive Digital Identities in the Metaverse

Orbit CTO and Co-founder, Pooya Koosha:

“We’ve been working on the hardware, networking, and software layers to create the metaverse for almost a decade – it just wasn’t called the metaverse back then.  Our proprietary technology is the connective tissue that links virtual worlds together and makes it easy for developers and brands to bring their experiences into the metaverse. Scaling our technology for millions of LG TV customers is the next step in making the metaverse accessible for all.”

Jung Sung-hyun, head of content service division at LG Electronics Home Entertainment Company:

“At LG, we take pride in driving innovation and bringing new, personalized experiences to consumers, allowing them to easily interact.  And we are pleased we can achieve that now once again thanks to Oorbit’s vision to give open access to metaverse experiences in one place on our TVs.”

Continue to the full article --> here


NCFA Jan 2018 resizeThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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