May 22 witnessed a flurry of activity in the technology world, with new alliances, innovative partnerships and prominent investor exchange platforms. Here is a breakdown of the day’s important developments regarding crypto companies such as Ripple and Coinbase…
Coinbase, Ripple and more; formed a coalition
Coinbase, a leading cryptocurrency exchange, has taken a significant step towards protecting online users by launching the “Anti-Fraud Technology Coalition” together with industry giants such as Meta (formerly Facebook), Ripple, Kraken, Gemini, Global Anti-Fraud Organization (GASO). and Match Group (owner of Tinder and Hinge). This cross-industry alliance highlights the prevalence of online scams and financial schemes that go beyond crypto to target users on social media, dating apps and other technology platforms.
The coalition’s primary focus is to educate consumers about common fraud methods and equip them with prevention strategies. Sharing best practices and threat intelligence will further strengthen consumer protection. It will also disrupt the activities of online fraudsters. This collaborative effort represents a proactive approach to combating online fraud by uniting technology leaders around a common goal.
DeepLink, Coresky, Mind Network and more partner
The artificial intelligence (AI) space has witnessed an exciting breakthrough with Mind Network, a fully homomorphic encryption (FHE) network, and announced an expanded partnership with Zama, an open source cryptocurrency company specializing in FHE solutions for blockchain and AI. This collaboration integrates Zama’s cutting-edge Concrete ML solution for latent machine learning training and inference into Mind Network’s FHE validation network. This paves the way for a new standard in decentralized AI verification. By leveraging Zama’s technology, Mind Network can ensure the integrity and privacy of decentralized AI computing.
On the other hand, the emerging world of Web3, the next version of the internet built on blockchain technology, has seen the emergence of a strategic partnership. Crypto asset allocation platform Coresky announced its collaboration with DeepLink Protocol, a decentralized AI cloud gaming protocol, and Kima Network, a decentralized financial protocol. This three-way alliance aims to strengthen expertise in technological innovation, resource coordination and asset allocation. The aim is to provide comprehensive, efficient products, services and solutions to customers in the Web3 + AI space. This collaboration promises to accelerate the smart transformation of the industry by providing a fully comprehensive solution. The partnership has garnered a lot of attention, pointing to the growing importance of collaboration in supporting Web3 development.
OKX and ABGA partnership attracted attention
The Web3 gaming world got a boost as OKX Web3 Wallet and Asia Blockchain Gaming Alliance (ABGA) announced a strategic ecological collaboration. This partnership aims to leverage the resource strengths of both parties to create a robust global Web3 gaming ecosystem. OKX Web3 Wallet will provide a range of services to high-potential projects within the ABGA ecosystem, including student teams participating in the ICC Camp gaming entrepreneurship program. These services include wallet integration, NFT marketplace transaction support, exclusive copyright collaboration for NFTs, and integration with WebAssembly (Waas) technology. In addition, the two parties will also cooperate in events such as the ABGA Asian Tour and the Annual Industry Summit.
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