Bithumb META Offers Metaverse Fashion Experience at Preview in Seoul 2023

Rotonda Signs Deal with The Sandbox for Blockchain Ecosystem ExpansionRotonda, a subsidiary of Korean crypto exchange Bithumb and the operator of the Web3 digital wallet Burrito Wallet, announced that it has signed a memorandum of understanding (MOU) with metaverse platform The Sandbox to expand its blockchain ecosystem.Photo by Shubham Dhage on UnsplashA space for creativity and monetizationThe Sandbox is a global metaverse platform that allows users to easily create and participate in games, avatars, and items. It also provides free three-dimensional content creation tools called VoxEdit and Game Maker, and users can monetize their content. It has partnered with over 400 major companies, including Netmarble, LINE Studio, Ubisoft, and Zynga, securing some five million subscribers worldwide. “We expect that users will be able to enjoy a new Web3 experience within the metaverse, where they can create their own content,” said Max Minchul Shin, CEO of Burrito Wallet.Elevating the metaverse experienceThrough the new partnership, Burrito Wallet will support wallet integration within The Sandbox’s platform by unifying the on-chain experience across services. Burrito Wallet users will thus have more convenient access to various content within The Sandbox, including LAND — the platform’s virtual real estate space for interacting and showcasing creativity — as well as personalized avatars and assets, and an NFT marketplace. Additionally, the company plans to enhance wallet utility by supporting the multi-chain functionality of SAND, The Sandbox’s utility token.“Our partnership with Burrito Wallet will make it easier and more convenient for users to enjoy The Sandbox,” said Cindy Lee, CEO of The Sandbox Korea.“We will continue to collaborate with companies from various fields to advance the Web3 market and establish ourselves as a distinguished wallet service in the global market,” Shin added.Rotonda’s global initiativesRotonda is actively collaborating with global projects to promote the mass adoption of Web3 and blockchain technology. Last month, it launched the iOS version of Burrito Wallet in a move to expand availability for Web3 users on all operating systems. The company also recently co-hosted Next Block 2023 with its parent company Bithumb to promote business collaboration and build an ecosystem for accelerating Web3 projects.

Korea requires lawmakers and senior officials to declare crypto holdingsSouth Korea’s Ministry of Government Legislation announced on Thursday (local time) that 84 new legislative statutes are set to be implemented in December. Among these statutes, an amendment to the Public Service Ethics Act stands out, which will require lawmakers and senior government officials to report their virtual asset holdings.Photo by Huy Phan on UnsplashStarting Dec 14The Public Service Ethics Act requires public officials in political service, government officials of rank four or higher and executives of public service-related organizations to declare their own wealth as well as that of their spouses and lineal relatives. In Korea, public servants are ranked from one to nine, with one being the highest and nine being the lowest. As it stands, disclosing cryptocurrency holdings isn’t mandated, but this will change from Dec. 14 due to recent amendments. Records of cryptocurrency transactions will also be subject to disclosure.Possible restrictions on departments or employeesFurthermore, the leader of a national or local government organization has the authority to enforce restrictions on the acquisition of virtual assets for specific departments or employees under their jurisdiction. This action is applicable if their roles are associated with accessing cryptocurrency information or having an impact on the crypto market. In such scenarios, the chief officer is obligated to report their methods of imposing these restrictions to the pertinent government ethics committee. The committee then holds the right to recommend adjustments to these strategies.

WEMIX PLAY Adds Four More Games to Its LineupSouth Korean gaming publisher Wemade has taken a stride by signing contracts with four distinct gaming developers to integrate their games onto WEMIX PLAY, Wemade’s blockchain gaming platform. This news arrives merely a week after the onboarding of the preceding three games.Photo by Sean Do on UnsplashTank battle gameAmong the additions is “Tank Battle Heroes: World War,” developed by T-Bull S.A., a mobile game developer based in Poland. Its forthcoming contribution stands out as a 3D multiplayer tank battle game, featuring realistic snowy and desert environments. Gamers will enjoy Tank Battle Heroes by defending their territory and conquering rival territories.Action RPGJoining the roster is “Wind of Chaos,” an action role-playing game designed by Altwolf Software, a company hailing from Belarus. In “Wind of Chaos,” players immerse themselves as pirates, opting for individual or group endeavors in their quest to destroy enemy ships and engage in adrenaline-inducing battles.3D artillery gameHong Kong’s tech enterprise, HK Pharos Tech, is set to introduce “TNT Bomb Commando,” a 3D artillery game. The game’s appeal lies in the extensive customization options for characters, enabling gamers to personalize in-game avatars with over 100 costumes.Strategy puzzle RPGAnother notable addition is The First Hunter, a strategy puzzle RPG that is currently under development by Korean gaming company Captains. Rooted in the narrative of an online novel of the same name, The First Hunter offers gamers a unique universe to explore. Engaging in battles to collect a wide range of characters and nurture their growth is a central facet of the gameplay experience.