Next year, Japanese bank Mitsubishi UFJ Group will be offering financial services from the Metaverse. This and more news in this handy daily digest so you're always up to date with the latest events happening within the crypto world.
Mitsubishi UFJ Group in the Metaverse
📍Japanese bank Mitsubishi UFJ Group will be offering new financial services from the Metaverse next year. Mitsubishi UFJ Group is partnering with ANA Holdings and Sompo Japan Insurance to enter the Metaverse in the first quarter of 2023.
According to Nikkei, Japan's largest financial newspaper and one of the largest in the world, starting next March, users of the Japanese bank will be able to visit the bank through their avatars. Within the bank's virtual space, users will be able to access financial services and perform various activities.
Mitsubishi UFJ Group to open Path to the Metaverse via ANA GranWhale, a platform that has 38 million users who own airline miles from the airline holding company ANA Holdings. According to Nikkei, the bank hopes to leverage ANA's user base to expand its services.
Meanwhile, Japanese bank Mizuho Financial Group is also looking into the possibility of entering the metaverse and taking advantage of its opportunities. Others such as JPMorgan, Santander, Nedbank and DBS Bank are already in the virtual world.
Polygon at Disney Accelerator Demo Day
📍Polygon and three Web3 startups presented at Disney Accelerator Demo Day 2022. The Walt Disney Company, a media and entertainment conglomerate, held an event for participating companies and projects to present their proposals as part of its acceleration program, which seeks to experiment with new technologies, Virtual Reality and Artificial Intelligence in order to create immersive experiences for its users.
Of the six companies that participated in the Disney Accelerator Demo Day 2022, organized by the conglomerate, four were startups focused on Web3. The companies were Polygon, Flickplay, Lockerverse and Obsess.
Polygon was Selected by The Walt Disney for its Accelerator Program project accelerator in July of this year.
Bonnie Rosen, general manager of the Disney Accelerator program, said that the conglomerate has been adopting the latest technological trends of each era for almost a century, to “stay at the forefront of creative storytelling and offer the most innovative entertainment experiences for audiences and visitors around the world.”
JPMorgan launches new innovation center in Greece
📍According to Ledger Insights, JPMorgan has created a new payments innovation center in Greece. This center will be dedicated to exploring and developing new payment solutions implementing distributed ledger technology (DLT), cryptocurrencies and Artificial Intelligence.
JPMorgan aims to remain at the forefront of payments innovation using new technologies, while ensuring a high level of efficiency for its clients.
JPMorgan Payments Global Head Takis Georgakopoulos said that Athens, the capital of Greece, is a strategic location to boost its innovative payment solutions.
Chainlink wants to help exchanges with PoR
📍Blockchain oracle network Chainlink has a solution for exchanges to perform Proof of Reserve (PoR). Chainlink developers shared on Twitter their Chainlink Proof of Reserve solution, which they are offering to bring greater transparency and trust to the crypto industry.
The collapse of FTX has accelerated the need for cryptocurrency exchanges to provide transparency about their operations and reserves. Chainlink says that through its solution, cryptocurrency platforms will be able to prove their asset reserves through automated verification based on smart contracts.
Proof-of-reserves are useful for revealing the assets in reserves held by cryptocurrency platforms to cover daily operations or guarantee liquidity to their customers, as well as for verifying off-chain bank account balances, cross-chain collateral, real-world asset reserves, and much more, the blockchain oracle network noted.
Continue reading: Leif Ferreira: “Bit2Me is not affected in any way by everything that is happening in the market; It is a purge of those who do wrong.”
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