2PointZero launch in UAE to incorporate crypto investment

Binance co-founder and former CEO, Changpeng Zhao (CZ), has partnered with the authorities in the Central Asian republic of Kyrgyzstan to provide advice on crypto regulation and the development and adoption of blockchain technology. It’s understood that CZ has signed a memorandum of understanding (MOU) to this effect with the National Investments Authority (NIA), a state authority that falls under the direction of the President of the Kyrgyz Republic. The NIA promotes foreign direct investment, assisting foreign companies in developing business opportunities within Kyrgyzstan. Photo by Abai K on UnsplashCrypto & blockchain ecosystem developmentIn a statement published on X on April 3 by the President of the Kyrgyz Republic, Sadyr Zhaparov, the president outlined that in accordance with the MOU, the parties will cooperate on the development of the crypto and blockchain ecosystem. Breaking that down further, the president said that this cooperation will involve the provision of technical, infrastructural and technological support and expertise. Additionally, it will involve collaboration towards the implementation of related educational initiatives. Zhaparov added: “This cooperation marks an important step towards strengthening technological infrastructure, implementing innovative solutions, and preparing highly qualified specialists in blockchain technologies, virtual asset management, and cybersecurity. In light of the rapid global evolution of digital technologies, such initiatives are crucial for the sustainable growth of the economy and the security of virtual assets, ultimately generating new opportunities for businesses and society as a whole.” ‘Crypto adoption one country at a time’CZ reacted to this X post by the President of the Kyrgyz Republic, stating: “Kyrgyzstan. Crypto adoption, one country at a time.” He also remarked that this event had brought Zhaparov to X, given that this was his first post on the platform, with an account registered last month. Steve Milton, co-founder and CEO of Web3 wallet project Fintopio and a former Binance marketing executive, commented on the development. Milton stated that Kyrgyzstan is a forward-thinking country, while interpreting CZ's involvement as a step that will help move adoption forward. Additional advisory activityIn another X post, CZ provided details on his advisory activity. He stated: “I officially and unofficially advise a few governments on their crypto regulatory frameworks and blockchain solutions for gov efficiency, expanding blockchain to more than trading. I find this work extremely meaningful.” Reports emerged in January that Malaysian Prime Minister Datuk Seri Anwar Ibrahim had discussed digital finance policy matters with CZ. The Binance co-founder said that those discussions revolved around digital asset regulation and risks related to such assets. Furthermore, cross-border collaborations and collaborations between industries were discussed. In December CZ met with the King of Bhutan. Prior to that visit, he posted a link to an article on X that outlined that the Kingdom of Bhutan has accumulated in excess of $1 billion in Bitcoin. At that time, the Binance co-founder said that many nation states will use Bitcoin and other cryptocurrencies as reserve assets. In the past, commentators have identified Kyrgyzstan as having considerable potential for crypto mining, given ample hydroelectric generation within the mountainous country. However, crypto mining tax receipts as of the end of last year suggest that crypto mining still remains a niche activity in the Kyrgyz Republic.

Intella X Partners With Aptos Foundation to Accelerate Growth of Web3 GamingIntella X, the Web3 blockchain gaming platform developed by Neowiz, a South Korean gaming company, has forged a strategic partnership with the Aptos Foundation, an esteemed layer-1 blockchain entity.Photo by Shubham’s Web3 on UnsplashAptos’ expansion in KoreaDedicated to nurturing the growth and advancement of the Aptos Network, a community-centric layer-1 network, the Aptos Foundation operates grant programs designed to expedite the expansion of the Aptos ecosystem. Seizing this collaboration as a valuable opportunity, the foundation envisions expanding the network’s presence in the Korean gaming market.These two entities will be collaborating across various technological and business domains, with the goal of enhancing the Intella X ecosystem and fostering the success of its Web3 projects.Empowering newcomers in Web3Intella X’s mission revolves around establishing an accessible platform that guides newcomers into the Web3 landscape. Beyond its gaming offerings, Intella X stands as a decentralized exchange, NFT launchpad, and NFT trading platform.On the global stage, Intella X has taken proactive strides to amplify its ecosystem’s reach. Among its notable achievements is a recent alliance with Yield Guild Games (YGG), a DeFi-powered gaming guild boasting a user base of over 450,000 worldwide. The cooperation between these entities will delve into the integration possibilities of YGG’s soulbound reputation tokens into Intella X Wallet (IX Wallet), the dedicated Web3 wallet for the Intella X platform.

Wemade CEO to attend Abu Dhabi Finance Week and Fortune Global Forum next weekHenry Chang, CEO of South Korean blockchain gaming publisher Wemade, will be traveling to the United Arab Emirates to speak at the second annual Abu Dhabi Finance Week — one of the biggest financial and economic events in the Middle East and North Africa (MENA) region — scheduled for Nov. 27 to 30.Photo by Kevin JD on UnsplashExploring the future of financeTouting the theme “Investing in the Transition Era”, this year’s ADFW is organized by Sheikh Khalid Abu Dhabi, Crown Prince of Abu Dhabi and Head of the Abu Dhabi Executive Council. Several organizations such as the Abu Dhabi Global Market (ADGM) and the Abu Dhabi Department of Economic Development are also participating as official partners. More than 10,000 visitors from over 100 countries across the world are expected to attend.Chang will participate as a panelist on Nov. 29 in the “Convergence: Media, Culture and Fintech” panel at Fintech Abu Dhabi, the flagship event of ADFW. The panel will cover topics like the impact of blockchain and decentralized finance (DeFi) technologies on fintech — more specifically, digital payment trends and the future of digital assets and currencies.Wemade’s expansion in the UAEHe will also partake in the Fortune Global Forum 2023, a global conference for CEOs of major global conglomerates also set to be held in Abu Dhabi from Nov. 27 to 29. The forum has been hosted by American business magazine Fortune since 1995 as a platform for member companies of the Fortune Global 500 list to gather and share insights on global issues like innovation and stability and their impact on economic progress. They will also be joined by government officials from various sectors in the UAE, including artificial intelligence, cybersecurity, oil and gas, industrial automation, healthcare and telecommunications.Wemade has been making strides to expand WEMIX3.0, its borderless Web3 mega-ecosystem, in the MENA region. The company opened an office in Abu Dhabi earlier this year.