Happening Now: Web 3.0 and Crypto

Welcome to this week’s new article of interesting information from the world of cryptocurrencies. We believe that this information will take this amazing industry one step further.

2 min readOct 6, 2022

1. Asus launches NFT platform for Web 3.0 connectivity
Asus announced that it has newly launched its NFT platform, its first attempt to enter the growing Web 3.0 industry. The Taiwan-based international computer parts and electronics manufacturer has launched Art Black hole, an NFT platform minted on the Ethereum blockchain under a new company called Asus Metaverse Inc. Asus Metaverse Inc. was founded to integrate cloud computing, artificial intelligence, blockchain, and other groups. With this move, the company joins other Taiwanese tech firms, Apple iPhone Foxconn and its hardware subsidiary Ennoconn Corporation.

2. Mastercard launches new tool to protect against cryptocurrency fraud
As you know, fraud is probably the most pressing problem in the crypto world, but also on the Internet as a whole. Mastercard’s new tool is welcome news. On October 3, the company launched Crypto Secure, which is aimed at helping banks find and prevent fraud on cryptocurrency merchant platforms. Crypto Secure combines the use of artificial intelligence, blockchain data, and public records of crypto transactions, along with other resources, to identify crypto-related crime risks across the Mastercard network.

3. Japan wants to continue investing heavily in web3 digital technologies
Japan, as technological power, has been trying to achieve success in the field of Web3 for a long time. The country has started to invest heavily in this environment and is not going to let up in its efforts. In his policy speech, Japanese Prime Minister Fumio Kishida announced that Japan will continue to expand investment in unmistakable tokens and the metaverse. Earlier, Kishida identified Web3 development as one of the pillars of economic reform. Japan has confirmed several times in recent months that it sees the future in digital technologies. In July this year, Japan’s Ministry of Economy, Trade, and Industry created the “Web 3.0 Policy Promotion Office” in an effort to improve the system examining the business environment for blockchain-based companies.

And this is only the beginning.