Blockchain Mainnet FNCY to Collaborate with Web3 Community Platform GALXE

METACON 2023 to Explore Innovative Metaverse Business ModelsAccording to a report by local crypto news outlet Tokenpost, METACON 2023, a conference focused on Web3 and the metaverse, is set to take place from June 29 to 30 at COEX, a convention and exhibition center in Seoul. This year’s event marks the third anniversary since its inception in 2021.Photo by GuerrillaBuzz on UnsplashInsights on the MetaverseAs the main event of Seoul Meta Week (SMW), METACON aims to showcase cutting-edge metaverse applications, explore innovative business models, and find ways to penetrate new markets. Titled “WEB 3.0 X METAVERSE: The Future of Hyper-Connected Experience,” METACON 2023 will feature presentations and discussions from approximately 40 speakers representing prominent companies. Among the featured speakers are representatives from The Sandbox, Google Cloud, Tencent, Shutterstock, DRESSX, The Fabricant, Nexon Korea, Amorepacific, SK Telecom, and LG Uplus.On June 29, Kerry Murphy, the Founder and CEO of The Fabricant, will provide insights into the impact of digital fashion on the real-life fashion industry. Following that, Murphy will engage in a discussion with Natalia Modenova, the Founder & COO of DRESSX, to talk about the philosophy of Web3 and collaborative efforts in shaping trends in digital fashion.Participation from traditional banksIn addition, visitors to the conference will have the opportunity to hear from representatives of four traditional Korean banks: KB Kookmin Bank, Shinhan Bank, Hana Bank, and Woori Bank. Other discussions throughout the event will cover a wide range of topics, including the work environment, digital art, the popularization of Web3, investments, and generative artificial intelligence (AI).The following day of the conference will commence with a keynote speech titled “Unlocking Brand Value in the Metaverse” by Sebastien Borget, the Co-founder and COO of The Sandbox, a community-driven blockchain gaming platform. After that, Dade Orgeron, the VP of 3D Innovation at US stock image provider Shutterstock, will deliver a talk on generative AI as a creative tool and discuss the company’s AI license policy.An official from Seoul Meta Week (SMW) stated that this year’s program was specifically designed to provide an agenda that encourages interaction between newcomers to the Web3 industry and established projects.

Aptos and Lotte Group Collaborate on Pink Bear NFTs to Drive Web3 ExpansionLayer-1 blockchain network Aptos took to X (formerly Twitter) to announce a partnership with Lotte Group, an industrial conglomerate based in South Korea with a specialization in the retail business. This strategic collaboration aims to propel Lotte’s expansion into the dynamic Web3 landscape.Photo by 김 대정 on PexelsPink bear NFTsThe initial focus of their collaboration will center around Bellygom, the pink teddy bear mascot of Lotte Home Shopping — a major player in the Korean media commerce industry. NFT projects associated with Bellygom, including the Bellyland universe, are under the stewardship of Daehong Communications, a marketing solutions company affiliated with Lotte. Aptos will play a pivotal role by providing the backend support for the development of Super Jelly, a reward system within Bellyland. These Super Jelly rewards, slated to be launched on the Aptos mainnet, will be attainable through engaging in Jelly Adventures — a collection of diverse games and missions within Bellyland.Aptos and Lotte Group have expressed their enthusiasm for venturing into Web3 initiatives throughout multiple business areas of the South Korean retail giant. Aptos noted that more updates will follow as this collaboration unfolds.Earlier partnership with PolygonThe momentum behind Daehong Communications’ Bellygom NFT initiatives for global expansion grew as it joined hands with blockchain company Polygon in February. This partnership led to the migration of Bellygom NFTs from the Klaytn blockchain to the Polygon blockchain in April.Lotte’s hospitality business and NFTsIn June, Daehong employed NFTs to attract customers to various Lotte entities. Through Korea’s largest NFT trading platform, Pala, the marketing affiliate sold Magic Ride NFTs, aiming to enhance customer engagement for the Lotte World amusement park, Lotte Duty Free, and Lotte Hotels.

HTX resumes Bitcoin and Ether services post $30 million hackDigital asset exchange HTX has successfully reinstated deposit and withdrawal services for major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), following a recent security breach that saw the platform drained of $30 million.Photo by Traxer on UnsplashMoving towards normal exchange operationsIn an official announcement published to its website on Sunday, HTX reported the restoration of services for specific virtual assets through the ERC20 blockchain, signaling a positive step toward normalcy. The exchange assured users that additional services would resume shortly.The statement listed more than 60 individual digital assets that have now been restored from the perspective of user withdrawals.Amidst the controversy sparked by the hack, HTX emphasized its commitment to covering all losses from its reserves. The exchange pledged ongoing investigations and the reinforcement of security measures to prevent a recurrence of such events in the future. The announcement stated:“Since its founding, HTX has remained committed to a policy of 100% reserves, ensuring our capacity to meet the withdrawal needs of all users.”Airdrop event plannedThe Seychelles-incorporated exchange also outlined details on an upcoming airdrop designed to incentivize community participation in the aftermath of the significant hack. The airdrop aims at users holding Rockets, with the value set at one USDT, and those possessing leading assets like HT, BTC and ETH will witness multiplied ticket values.The platform experienced a significant security breach alongside a similar incident on the HECO bridge, resulting in total losses exceeding $85 million. Justin Sun, an advisor to the exchange, pledged full compensation for all losses and temporarily suspended deposits and withdrawals until identified risks were addressed.Justin Sun controversySun provided additional insights through a series of posts on the X platform. He confirmed the full functionality of major cryptocurrencies, including BTC, ETH, TRX and USDT, and expressed expectations for the restoration of all others by the upcoming week. Sun wrote:“The majority of the work has been accomplished, and we aim to restore the remaining currencies gradually in the next few days, with all work expected to be completed by next week.”Justin Sun, known for his involvement in platforms that recently faced security breaches, reassured users of the ongoing efforts to enhance safety measures. This incident marked the fourth unfortunate event linked to Justin Sun-related platforms within a short span. HTX, formerly known as Huobi, suffered a $30 million hack, following HECO bridge, Poloniex and a prior HTX security breach.The controversial founder of the TRON blockchain network has come in for criticism of late. Travis Kling, Founder and Chief Investment Officer (CIO) of crypto fund Ikagai Asset Management, was scathing of Sun in comments made on the X platform on Monday. Kling wrote:“[Justin Sun] has been hacked four times in the last two months” . . . “He’s a criminal and terrible for crypto and the sooner we get him out, the better.”Earlier this month, the Poloniex crypto exchange fell victim to a $100 million hack, causing a stir within the wider crypto community. The exchange, like HTX, assured users of full compensation and even initiated a white hat bounty of $10 million for the safe return of assets, having identified the responsible party and indicating the initiation of criminal proceedings.