Visa Ventures into Real-World Assets
Visa has announced its new Visa Tokenized Asset Platform (VTAP), aimed at facilitating the issuance and management of digital assets, including stablecoins and central bank digital currencies (CBDCs). Currently in a sandbox phase, the platform will cater to institutional investors and central banks, enabling secure minting, transferring, and settling of digital assets across various blockchains. The initiative is seen as a step towards bridging traditional finance with decentralized finance, allowing banks to automate complex workflows and interact with both permissioned and public blockchains. Visa plans to enter the live pilot phase with selected customers by 2025. (BeinCrypto)
Unbox PH Founder Highlights Parallel Web3 Game's Appeal to Filipinos
Carlo Ople, founder of Unbox PH, supports the upcoming Web3 trading card game, Parallel, due to its potential to elevate Filipino players on the global stage. He notes that blockchain technology, enabling card ownership, adds value to the trading card game genre. Ople believes the game's unique sci-fi theme and eventual mobile adaptation will attract a large Filipino audience. Parallel’s free-to-play model also lowers barriers to entry, increasing its accessibility compared to traditional card games. (BitPinas)
Solana Poised to Challenge Ethereum in Institutional Adoption
A report from Sygnum Bank indicates that Solana could seriously challenge Ethereum's dominance, especially if financial institutions prefer Solana for real-world asset tokenization and stablecoins. Recent endorsements from companies like PayPal and Visa, which emphasize Solana's scalability and low costs, suggest growing institutional interest. Despite Solana's impressive performance, with a 300% increase in its price compared to Ether over the past year, significant gaps in market capitalization and network utilization remain. For Solana to truly compete, it needs to develop innovative decentralized applications that resonate with users. (CoinTelegraph)
Telegram's X Empire Game Returns with Airdrop Excitement
The Telegram-based game X Empire, inspired by Elon Musk, is making a comeback, offering players the chance to earn rewards ahead of an upcoming airdrop. Players can engage in battles, build empires, and earn rewards, including airdrop bonuses for participating in the game. The game encourages community involvement through various in-game events and promotions, enhancing user engagement. This revival aims to attract both new and returning players while leveraging the excitement around crypto airdrops. (Decrypt)