According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n

On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n

\n
• Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
  <\/li>\n\n\n\n
• In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
  <\/li>\n\n\n\n
• This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
  <\/li>\n\n\n\n
• This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n

  After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n

  \n
  • Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
    \n
    • G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
      \n
      • With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
        \n
        • This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\n

          See Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7890,"post_author":"10","post_date":"2022-10-29 00:04:34","post_date_gmt":"2022-10-28 13:04:34","post_content":"\n

          With its most recent collaboration with Astar Japan Labs<\/a>, the city of Fukuoka in Japan is looking to the future of Web3, intending to become the nations Web3 and crypto center.<\/p>\n\n\n\n

          • The city intends to make this possible by partnering with Aster Japan Labs, the creators of the Astar network, one of the most popular blockchains.<\/li><\/ul>\n\n\n\n
            • The partnership between the city and Astar Japan Labs will enable the development of new applications for Web3 technologies. Fukuoka joins the list of over 45 entities Astar Japan Labs partners with, such as Microsoft Japan and Amazon Japan.<\/li><\/ul>\n\n\n\n
              • The announcement <\/a>asserts that the city hopes to entice worldwide enterprises to the region. In cooperation with local governments, representatives from Astar will visit the city to give education and new use cases both there and throughout the nation.<\/li><\/ul>\n\n\n\n
                • The new development follows a rush of adjustments to the space around crypto and Web3 in Japan. The nation was known for having some of the strictest rules around cryptocurrencies, which might reduce their appeal. However, it has also recently relaxed a set of rules governing the launching of new currencies on recognized exchanges.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n

                  • The government of Japan has plans to make significant investments in Web3 and metaverse efforts, the prime minister of Japan said in a speech on October 3.<\/div><\/div><\/div><\/div><\/li><\/ul>\n\n\n\n

                    See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Japanese Port City Aims To Be The Web3 Hub For The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-port-city-aims-to-be-the-web3-hub-for-the-country","to_ping":"","pinged":"","post_modified":"2023-04-10 18:48:08","post_modified_gmt":"2023-04-10 08:48:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n

                    Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n

                    • The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
                      • Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
                        • Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
                          • Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n

                            See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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