Web3 Waves: Riding the Future of Digital Revolution
Welcome to the September Edition of the Semoto Newsletter!
While the crypto world was abuzz in Singapore for Token 49, we've been hard at work behind the scenes, continuing to build and innovate. We appreciate the valuable feedback and ideas from our recent survey—thank you to all the ecosystem members who participated. Your insights have been instrumental in shaping the future of our platform.
We are thrilled to announce the expansion of new verticals in our marketplace. Starting in October, we will be adding
We've already selected and vetted the first service providers in these areas, ensuring that you have access to top-tier expertise.
Make sure to log in and keep an eye out for these new additions and the talented members joining our community. Exciting times are ahead!
Top story
the UK's House of Lords recently introduced a bill poised to redefine the legal landscape for digital assets. This groundbreaking legislation proposes a "third category" of personal property rights, specifically tailored for the digital age. But what does this mean for the industry?For years, the classification of digital assets like crypto-tokens and NFTs under traditional legal frameworks has been a complex puzzle.
The existing categories - things in possession and things in action - didn't quite fit the unique nature of digital assets, which are inherently intangible and decentralized.
The new Property (Digital Assets etc.) Bill seeks to eliminate this ambiguity by recognizing digital assets as a distinct form of property. This isn't just about legal recognition; it's about fostering innovation and boosting market and consumer confidence.
Germany
German authorities recently dismantled 47 cryptocurrency exchanges linked to cybercrime? This major crackdown highlights a pressing issue in the digital finance world: the misuse of technology for illegal activities.
??As we navigate the complexities of blockchain and cryptocurrency, it's crucial to understand the balance between innovation and security.
These platforms were accused of enabling an underground economy, facilitating everything from ransomware to black market dealings by masking the origins of illicit funds.This operation, named 'Operation Final Exchange,' isn't just about taking down illegal exchanges; it's a clear message to the crypto community about the importance of compliance and transparency.
With millions of transactions and user data now in the hands of law enforcement, the ripple effects of this crackdown could be significant.
?? Green and Renewable?
Blockchain's transparency and secure record-keeping are now being harnessed to manage and trade carbon credits effectively, offering a fresh perspective on environmental sustainability.One standout example is KlimaDAO , which has made significant strides by retiring 17.3 million tonnes of carbon offsets - that's equivalent to the annual emissions of a country like Croatia!
They utilize a unique model where each KLIMA coin is backed by at least one Base Carbon Tonne, incentivizing owners to actively participate in carbon reduction. Similarly, the Toucan Protocol transforms real-life carbon credits into blockchain tokens, facilitating easier and more transparent carbon trading.
Moss and Nori are also making waves by focusing on tokenizing carbon credits, with Moss concentrating on Amazon forest preservation and Nori on regenerative agriculture.These initiatives highlight how blockchain can extend beyond its financial roots to make a real-world impact on our planet's health. It's a thrilling time for technology and sustainability to intersect, creating solutions that could redefine our approach to environmental challenges.
Provider of the month:
Neal Rushton - King. At MIN3 , a leading consulting firm at the forefront of deep tech innovation.
Their team of experts is harnessing the power of emerging technologies like web3 and AI to drive positive disruption and sustainable growth. If you’re looking to explore how deep tech can redefine industries and unlock new possibilities, this video is for you! Find out more about Min3 on the Semoto marketplace
Events:
Meet us in Barcelona or the European Blockchain Conference
Upcoming Events:
Zebu Live : 3 free tickets for the Semoto ecosystem get in touch at [email protected]
Digital Asset Week: 15% discount for the Semoto community, find the code on our platform
??Podcast:
??Mastering Risk Management and Asset Recovery in Web3 ??
Join Semoto as we sit down with Bj?rn Wahlstr?m Wahlstr?m from Sphere State Group Group to discuss the evolving landscape of risk management, asset recovery, and fraud prevention in the world of blockchain and crypto. From navigating the complexities of due diligence to uncovering hidden layers in cross-border transactions, this episode is packed with insights you can't afford to miss! ????
Get in touch with current Consulting
??Blog:
Winning Web3 Market Strategies Explained
Thanks for reading
The Semoto Team