Director Ryo Matsubara of Japan's GameFi project, Oasys, stood as the voice of the blockchain community in discussions with the governing Liberal Democratic Party. These crucial talks, held with the LDP's Web3 Project team, tackled the intricacies of Japan's blockchain gaming industry.
South Korean prosecutors have launched an investigation into Wemade, a developer of Web3 games with a market capitalization exceeding $1 billion. The company is suspected of failing to register officially as a virtual asset service provider, thereby allegedly violating local laws and gaining unfair profits over an extended period.
South Korean gaming giant Wemade has teamed up with Singaporean private investment firm Whampoa Digital in a collaborative effort to bolster the Web3 sector. The partnership entails the creation of a $100 million fund dedicated to this initiative.
Web3 gaming platform Immutable has officially introduced the Immutable Passport, a tool that streamlines the login process and automatically creates a crypto wallet for its users. Now, gamers have the convenience of using their Apple ID, Google account, or regular email address for signing in.
L1 blockchains Klaytn and Finschia have agreed on a merger to establish the largest Web3 ecosystem in Asia. The proposal was voted on by community members of both projects and passed with 95% in favor, as detailed in a press release.
The Chinese government, known for its cryptocurrency ban, is showing signs of easing its policy on decentralization. It has announced plans to support the development of the Web3 ecosystem, dApps, and NFTs. This new approach is detailed in a recent strategic planning document released by China’s Ministry of Industry and Information Technology.
SushiSwap's Chief Technical Officer has issued an alert on X, highlighting that decentralized applications utilizing the Web3 connector LedgerHQ/connect-kit are at risk.
Web3 development platform Thirdweb has detected a critical vulnerability in its open-source library, impacting various NFT collections. This issue affects a range of pre-built smart contracts, including DropERC20, ERC721, ERC1155, and AirdropERC20.
