PYMNTS-MonitorEdge-May-2024

Web3

Retailers Hope to Hit Metaverse Spending With Real Products
Retailers Hope to Hit Metaverse Spending With Real Products
August 18, 2023  |  Metaverse

Even though the media has shifted its focus away from the metaverse, consumers’ interaction with the virtual realm is far from over. At least that’s...

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Aptos Labs Taps Microsoft Azure to Drive Web3 Adoption
Aptos Labs Taps Microsoft Azure to Drive Web3 Adoption
August 09, 2023  |  Partnerships

Blockchain company Aptos Labs has teamed with Microsoft to drive Web3 adoption. The partnership will employ Microsoft’s Azure OpenAI Service to help mainstream Web3, according to a Wednesday (Aug. 9) press release. “Onboarding...

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Connected Economy Infrastructure Gets $6.7 Billion Boost from US Treasury
Connected Economy Infrastructure Gets $6.7 Billion Boost from US Treasury
June 08, 2023  |  Connected Economy

You need to be in it to win it. And as the connected economy continues to transform how businesses and consumers go about their daily lives, the...

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Telos and GameStop Team to Bring Web3 Gaming Mainstream
Telos and GameStop Team to Bring Web3 Gaming Mainstream
June 01, 2023  |  Retail

The Telos Foundation has teamed with GameStop to help mainstream Web3-based gaming. The collaboration lets the Telos blockchain access game distribution through GameStop Playr, the...

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Web3 Firm Magic Summons $52 Million With PayPal Ventures’ Help
Web3 Firm Magic Summons $52 Million With PayPal Ventures’ Help
May 31, 2023  |  Investments

Wallet-as-a-Service provider Magic has raised $52 million in a round led by PayPal Ventures. The strategic funding round will help the company further its mission...

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Visa Selects Startups for Accelerator Program in Asia Pacific
Visa Selects Startups for Accelerator Program in Asia Pacific
May 16, 2023  |  Startups

Visa has selected seven startups for its 2023 Visa Accelerator Program in Asia Pacific. Selected from among 450 applicants, the seven startups are Dowsure (Mainland China), Doxa Holdings (Singapore), Kadmos (Germany), Pi-xcels (Singapore), Playbux (Thailand), Transpure (India) and Twid (India), Visa said in a...

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Mastercard Unveils Standards to Verify Interactions Using Blockchain Networks
Mastercard Unveils Standards to Verify Interactions Using Blockchain Networks
April 28, 2023  |  Blockchain

Mastercard has unveiled standards and infrastructure that will help verify interactions using blockchain networks. The new Mastercard Crypto Credential is meant to ensure that financial...

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Cosmose AI Valued at $500 Million and Adding Web3 Capabilities
Cosmose AI Valued at $500 Million and Adding Web3 Capabilities
April 24, 2023  |  artificial intelligence

Cosmose AI has received an investment that values it at $500 million. The firm will use the new investment from the Web3 technology focused Near...

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Mattel to Launch P2P Virtual Collectibles Marketplace
Mattel to Launch P2P Virtual Collectibles Marketplace
April 20, 2023  |  NFTs

Toymaker Mattel is turning its virtual platform into a peer-to-peer (P2P) marketplace for collectors. The company announced the forthcoming update in a Thursday (April 20)...

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