In the last week of March, the crypto market saw a mixed day with total market capitalization down by 1% to $2.77 trillion. Around 70 of the top 100 coins were in the red, with Arweave experiencing the biggest decrease of 9.7%. Memecoins, on the other hand, had a good day with Dogwifhat appreciating by 17.3%. Bitcoin and Solana both dropped by 1.1%, while Cardano decreased by 1.6%. The winners of the day were BNB, increasing by 3.7%, and Dogecoin going up by 5%. Brazilian exchange operator B3 received approval to introduce Bitcoin futures trading linked to the Nasdaq Bitcoin Reference Price.
Injective, a Layer 1 blockchain for decentralized finance, launched SA World, an effort to incorporate GameFi into its DeFi infrastructure. Developed by OneChain Studios and backed by major ventures, SA World offers players the SA Energy governance token, NFT Heroes, and the in-game currency ASG token. Players can use SAE to increase voting power, transfer NFTs across games, and unlock upgrades in the flagship RPG mobile game, Summoners Arena Idle RPG. With over 100 casual titles available through the PlayCity gaming portal, developers can release games using the SDK library system.
MetaPals, an AI digital companion platform, partnered with WildBrain’s Teletubbies to launch the Teletubbies AI digital companions on the Tezos blockchain. The companions will be personalized, evolving digital companions with unique personality traits within the MetaPals game engine. The mint date is set for April 20 with a supply of 5,000, including accessories tradable on the secondary market. The characters will integrate with users’ browsing experience, offering playful interactions and practical assistance. MetaPals commented that they are reinventing Teletubbyland for the digital age through AI and blockchain.
Sumsub and Mercuryo collaborated to release a guide titled “Mastering Travel Rule Compliance” for Virtual Asset Service Providers (VASPs). The guide covers everything businesses in the digital token space need to know about the Travel Rule and how to implement it effectively to stay compliant. The Travel Rule, introduced by FATF, requires financial institutions to collect and share personal data of senders and recipients in virtual asset transfers. The guide provides insights on how to incorporate the Travel Rule and prepare for global expansion.
The Travel Rule plays a crucial role in promoting a secure and transparent environment within the cryptocurrency space. Sumsub and Mercuryo’s long-term partnership aims to provide comprehensive guides for companies to navigate compliance issues. By addressing the Travel Rule, companies can integrate cryptocurrency into the existing financial landscape and combat financial crimes effectively. The guide offers practical insights on the Travel Rule’s implementation status in various jurisdictions and how businesses can prepare for global expansion.
This collaboration is just the beginning of upcoming launches with third-party brands and renowned IPs joining the MetaPals Multiverse in 2024. Through the use of AI and blockchain, the Teletubbies characters will evolve, interact, and form unique bonds with users, embodying the vision of dynamic digital companionship. By incorporating AI and blockchain, the partnership between MetaPals and Teletubbies is reinventing cherished childhood memories for the digital age. The guide aims to help businesses navigate compliance issues and effectively implement the Travel Rule to promote a secure and transparent environment within the crypto space.
