6th December 2022

Wednesday last week, just before the UAE National Day holidays, Algorand wrapped up the second annual Decipher that was held in Madinat Jumeirah, Dubai.

Algorand had partnered up regionally with Crypto Oasis for Dicepher 22 which has left everyone astonished with the great turnout of attendees and the success of the event overall. Decipher 22 was the second annual flagship gathering organised by the Algorand Foundation in Dubai and took place from November 28-30 at Madinat Jumeirah.?

The conference convened the builders, founders, investors, and community deciphering the future of Algorand, creating a must-attend event for anyone interested in blockchain and the Web3 economy. More than 120 speakers participated in the conference across four stages in over 60 sessions.

Despite the current crypto market,?the audience numbers at Decipher 2022 quadrupled from the previous year, depicting the energy and enthusiasm the community has for Blockchain technology.

The Algorand Foundation is working to grow and empower the ecosystem around Algorand, the leading carbon-negative Layer-1 blockchain, and Decipher’s programming was to highlight top founders and investors from both within and beyond the Algorand network.

Committed to growing in the region and establishing a proper presence, Algorand has also become an Ecosystem Partner of the Crypto Oasis.

Other top news this week included?Elon Musk's plans to launch an alternative phone if Apple and Google boot twitter off their app stores?and South African Government to add Crypto Entities to the 'List of Accountable Institutions'. Dubai regulator awarded Komainu an MVP license,?Putin calls for blockchain-based international payment system?and BNB chain NFT support added to Opensea.??

Download the Crypto Oasis Ecosystem

Report 2022

In the News:?

Elon Musk plans to launch an alternative phone if Apple and Google boot twitter off their app stores. Elon Musk, CEO of Tesla and Twitter, says he will make an alternative to Apple's and Google's phones if they remove Twitter from their app stores. Many people want Musk to go ahead with a phone launch even if Apple and Google do not deplatform Twitter. New York Post ?

?

Bitcoin?com announces Strategic Partnership with Poly Network. Bitcoin.com is partnering with PolyNetwork, a cross-chain protocol, to launch a new product called Verse. The aim of this collaboration is to facilitate the development of this platform. Bitcoin News ?

?

Cameroonian Fintech Ejara Raises $8 Million in series A investment round. Just over a year after collecting $2 million, the Cameroonian fintech whose software allows users to acquire and store cryptocurrency assets announced a $8 million Series A funding round. Bitcoin News ?

?

Binance acquires licensed Japanese Crypto Exchange — prepares to enter Japan as a regulated entity. Cryptocurrency exchange Binance has purchased a licensed Japanese cryptocurrency exchange and is ready to enter the Japanese cryptocurrency market as a licensed organization. "The Japanese market will play a critical role in the future of bitcoin adoption," stated Binance Japan's general manager. Cointelegraph ?

?

Bitdao reveals modular Ethereum L2 called Mantle, a public testnet to launch in 2023. On Wednesday, Bitdao, a member of the world's biggest decentralized autonomous organizations, revealed the soft launch of Mantle, a modular Ethereum layer two (L2) network that promises reduced costs and faster transactions and is set to launch in 2023, according to the Bitdao developers. Analytics Insights ?

?

South African Government to add Crypto Entities to 'List of Accountable Institutions'. In accordance with the South African government, crypto entities – or firms whose operations involve the exchange or transfer of cryptocurrency assets – will be added to the list of so-called responsible institutions on December 19. Crypto News ?

?

Data Lake secures the first Blockchain-based consent for Medical Data. Data Lake has acquired the first blockchain authorizations for researchers to utilize patients' medical data. The firm is an EU-funded startup that aims to overcome two of medical science's most pressing issues: access to health data and bias in databases. Bitcoin News ?

?

Boris Johnson hails blockchain ‘possibilities’ at Singapore conference. Boris Johnson delivered a lecture at a blockchain conference, the former prime minister stated the arrival of blockchain was full of potential and appeared to equate it to key technical advancements such as the creation of fire, the railroads, and the internet. The Guardian ?

?

Clearing company tests out securities transaction settlements on blockchain networks. The Depository Trust & Clearing Corporation and the Digital Dollar Project have tested a potential settlement system based on tokenised securities and Central Bank Digital Currencies (CBDC). Cointelegraph ?

?

Dubai regulator awards Komainu MVP licence.? Following the fulfillment of its preparation criteria, Komainu will be able to offer an approved variety of virtual asset-related services to institutional investors in Dubai under a globally benchmarked regulatory framework for virtual asset service providers (VASPs). Khaleej Times ?

?

Bybit launches a $100M support fund for institutional traders. According to Bybit, the $100 million support fund is accessible to market makers and high-frequency trading firms experiencing financial or operational challenges as a result of FTX's demise earlier this month. The money will be granted to qualified applicants at no interest. Defirate ?

?

Tokenised government bonds free up liquidity in traditional financial systems. Tokenised government bonds have a number of benefits, but it may take some time before they become widely accepted. Cointelegraph ?

?

Putin calls for a blockchain-based international payment system. Following the wave of sanctions imposed on it by the West, Russia has made several pro-crypto moves. Financial Express ?

?

TON Telegram integration highlights the synergy of the blockchain community. Users of the Telegram app may now buy and trade cryptocurrencies without leaving the app, thanks to a new improvement to the wallet bot. Cointelegraph ?

?

Blockchain may have a green future regardless of crypto. This Genesis intends to utilize blockchain and digital tokenization to assist investors who buy climate-related bonds in tracking the corresponding carbon credits in real-time. Financial Times ?

Arte News:?

?

Deadmau5’s Pixelynx unveils NFT scavenger Hunt: ‘Rock band meets Pokémon Go’. Some music listeners' first journeys into the metaverse—and their first encounter with an NFT—might be via a Pokémon Go-style augmented reality (AR) game. Pixelynx, a Web3 firm co-founded by electronic music superstars Joel "Deadmau5" Zimmerman and Richie Hawtin, believes this is the case. Blockchain Council ?

?

The executive who brought Time Magazine into Web3 is leaving for MoonPay. Keith Grossman, the president of Time magazine who moved the legendary news firm into Web3 in 2021, announced his resignation to join crypto payments company MoonPay. DeCrypt ?

?

Burn Ghost raises $3.1M for gaming platform.? In the GameFi space, a new firm is adopting a different approach: a casual gaming platform with NFTs as rewards. That's what Burn Ghost is working on, and the firm disclosed exclusively to Decrypt today that it has received $3.1 million in investment to help it achieve its goals. Yahoo Finance ?

?

Uniswap call its new NFT aggregator a google search for trading. Uniswap has around $3.48 billion in total volume secured. It now wishes to level the NFT playing field through its aggregator. Users may use it to examine listings and "global floor" prices from seven different marketplaces, buy NFTs in bulk in a single purchase, and list NFTs for sale on several marketplaces. Yahoo Finance ?

?

BNB chain NFT supports added to Opensea. Opensea, the largest global non-fungible token (NFT) marketplace in terms of total NFT sales volume, said on Tuesday that BNB blockchain-based NFTs will be enabled on its platform. Opensea customers will be able to acquire and list BNB NFT assets with BNB blockchain functionality. Coindesk ?

?

Web3 Antivirus is now on guard of your digital assets. Web3 Antivirus (W3A) is a completely public Chrome addon that is backed by proprietary security audit frameworks and has millions of URLs in its blocklists and allowlists from which it gets data. Users will receive immediate alerts if the tool identifies a scam, whether it be a harmful smart contract, a risky signing request, or other fraudulent conduct, with W3A on their side.? Bitcoin News ?

?

Animoca Brands plans $2 Billion Metaverse fund to support established projects. The parent firm of metaverse ventures such as The Sandbox, Animoca Brands, has revealed intentions to form a $2 billion metaverse fund. The new fund, which will target returns for potential investors seeking greater Web3-related capital publicity, will concentrate its efforts on firms in the mid-to-late investment phases. Cointelegraph ?

?

Family-focused app Toekenz to launch Baby Shark digital collectibles and game. Pinkfong's immensely successful children's song/music video Baby Shark is planned to be tokenized as part of a family-focused blockchain game. Pinkfong is said to have signed a license deal with Toekenz Collectibles to produce and sell Baby Shark figures in a child-safe digital environment. Investing News ?

?

The Sandbox partners with Web 3.0 startup Modhaus. The partnership will herald the start of the creation of a suitable and sufficient social platform for the benefit of all involved fans. As a result, people will be able to connect with any events that are arranged and placed in the virtual environment. Crypto News ?

?

Web3 DAO Game7 Unveils $100M grant program. The program aims to help accelerate the development of blockchain-enabled games by removing some of the barriers to mass adoption. AMB Crypto ?

?

How brands can develop a Web3 entry strategy. Brands are increasingly looking for ways to reach their customers using Web 3.0, the latest iteration of the internet. Whether it be by creating a virtual world or a digital good, brands are finding new ways to attract customers in these new environments. Venture Beat ?

?

Black Lemon, MENA's leading Web3 Lab and NFT production house, celebrated the grand opening of its new 360 chapter, where members of the MENA crypto and NFT community gathered in an immersive virtual and physical event taking place concurrently at Babiole - Hilton Dubai and in the metaverse. Khaleej Times ?

?

Fenix Games raises $150M to fuel next-generation blockchain gaming. The funds will be utilized to establish a game publishing firm dedicated to the mainstreaming of blockchain gaming. Cointelegraph ?

?

Web3 gaming company Midnight emerges from stealth with $7.5M seed funding. Midnight emerged from stealth on the 25th with a $7.5 million seed round headed by Shima Capital. Forte, Snackclub, Overwolf, the creators of gaming firms Illuvium, as well as investors Woodstock Fund, FJ Labs, Bixin Ventures, and others, all participated in the round. NFT Gators ?

?

DappRadar's Sports Report explains how FIFA World Cup introduces Web3 to 5 billion people. The entire world is focused on the FIFA World Cup 2022 in Qatar, Web3 is bringing together millions of people from all over the world through a variety of sponsorships, advertising arrangements, and immersive digital experiences centered on sport. Yahoo Finance ?