What Happened in the Web3 World This Week?
Governments and corporate companies are increasing their adaptation to technology through new collaborations.
Ripple and Chainlink Collaboration
Ripple will use Chainlink’s oracle network to integrate its stablecoin, RLUSD, into DeFi applications. This collaboration aims to enhance RLUSD's usability in DeFi services, such as lending and trading, with reliable price data.
Read more here.
$1 Billion Tokenization Deal Between Mantra and Damac in the Middle East
Mantra and Damac Group have partnered on a $1 billion deal to tokenize real-world assets. This agreement aims to foster the growth of token-based finance in the UAE by providing blockchain-driven transparency and accessibility.
Read more here.
Paris Saint Germain Forms Strategic Crypto Partnership with Bitpanda
Paris Saint Germain has entered into a long-term strategic partnership with Austria-based crypto exchange Bitpanda. As PSG's official crypto trading partner, Bitpanda will feature advertising at Parc des Princes and host player-involved events.
Read more here.
Movement Labs Raises $100 Million: Equity and Tokens to Be Distributed
Movement Labs, the creator of MOVE Token, raised $100 million in a Series B funding round led by CoinFund and Nova Fund. Investors received both company equity and MOVE tokens in exchange for their funding, contributing to the company's $3 billion valuation.
Read more here.
China Builds National Data Infrastructure with Blockchain
Despite banning cryptocurrencies, China plans to use blockchain technology as the cornerstone of its national data infrastructure. Expected to be completed by 2029, the system will rely on private blockchain models for security, encryption, and standardized data operations.
Read more here.
Bhutan's New City GMC Adds Bitcoin, Ethereum, and BNB to Reserves
Bhutan's Gelephu Mindful City (GMC) has adopted Bitcoin, Ethereum, and BNB as strategic reserve assets. The region aims to lead in economic and technological development through its crypto reserves and blockchain-focused initiatives.
Read more here.
