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Crypto Evening Briefing: South Korea Commits $173 Million To Metaverse Development In 2023; HKSAR Government’s Inaugural Tokenised Green Bond Offering

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HKSAR Government’s Inaugural Tokenised Green Bond Offering

The HKSAR Government today announced the successful offering of HK$800 million of tokenised1 green bond under the Government Green Bond Programme (GGBP).

European Union Discusses Using Zero-Knowledge Proofs for Digital IDs

Last week the EU lawmakers made a vital step to embrace privacy in the space of citizens’ digital identities. On Feb. 9, the Industry, Research and Energy Committee included the standard of zero-knowledge proofs in its amendments to the European digital identity framework (eID). 

Global Standard Setters Will Team Up to Tackle DeFi Regulation: FSB

The Financial Stability Board (FSB) will work with other international standard setters to determine how decentralized finance (DeFi) activities should be regulated across different jurisdictions, it said in a report published Thursday.

Binance CSO Anticipates Exchange Paying ‘Remediations’ to Make Amends With US Regulators

Binance’s chief strategy officer stated that the crypto exchange would likely need to pay fines to resolve ongoing SEC inquiries into its U.S. operations.

Gaming Network Oasys Onboards Japan Conglomerate SoftBank as Network Validator

Japanese conglomerate SoftBank will become an official network validator of the gaming blockchain Oasys with a focus on the development of blockchain-based services for the gaming industry, as per a release shared with CoinDesk.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $24,586.65 USD, jumped by 8.22% in the last 24 hours;

ETH’s live price is $1,687.80 USD, jumped by 6.69% in the last 24 hours;

BNB’s live price is $319.59 USD, jumped by 5.10% in the last 24 hours;

XRP's live price is $0.3991 USD, jumped by 2.79% in the last 24 hours.

Fundraising News

PlayDapp Buys ProudNet to Bring Reliable, Secure Technology to US Game Market

The PlayDapp team announced the acquisition of ProudNet, the renowned peer-to-peer server network provider. This move is seen as an aggressive step towards entering the US gaming market and is set to provide game developers with the best possible technology in terms of stability and reliability for online multiplayer gameplay.

South Korea Commits $173 Million To Metaverse Development In 2023

According to a recent report by South Korean local media, the country’s Ministry of Science and Information and Communication Technology (ICT) announced earlier today that it would be investing more than 223 billion won to develop its metaverse industry. The investment, worth over $173 million, will be used to establish metaverse labs, academies, graduate schools, etc.

Web3 Tooling Startup Nefta Raises Seed Round at $32.5 Million Valuation

Nefta, a web3 infrastructure startup focused on gaming and entertainment sectors, raised $5 million in a seed funding round. Play Ventures led the round by injecting $2.5 million — the single largest investment from its Future Fund — Nefta said Wednesday. Other investors in the round included Polygon Ventures, SevenX Ventures, Sfermion and Picus Capital.

Sending Labs Secures $12.5 Million To Build ‘Web3 Communcation Stack’

Web3 communications project Sending Labs raised a $12.5 million seed round led by Insignia Venture Partners, MindWorks Capital and Signum Capital. The funding will be used to accelerate its integration with other Layer 1s and Layer 2s — it plans to add Avalanche and Arbitrum as well as non-EVM chains like Solana and Sui. The extra cash will also be funneled toward the development of sector-specific SDKs and the launch of a community ambassador program.  

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