Mercurity Fintech Holding Inc. Announces a $5.98 Million Asset Purchase Agreement for the Creation of Web3 Infrastructure
Mercurity Fintech Holding Inc. (the "Company" or "MFH") (Nasdaq: MFH), a digital fintech group powered by blockchain technology, today announced that, on December 15th, 2022, it entered into an asset purchase agreement (the “Agreement”) with Huangtong International Co., Ltd. (the “Huangtong International”), providing for the Company’s acquisition and purchase of Web3 decentralized storage infrastructure, including cryptocurrency mining servers, cables, and other electronic devices, for an aggregate consideration of $5,980,000, payable in the Company’s ordinary shares. The investment is made with an aim to own mining machines capable of gathering, processing, and storing vast amounts of data, and to further solidify the Company as a pioneer in the creation of the Web3 framework.
Spain Will Provide 8 Million Euros in Grants to Develop Video Game and Metaverse Experiences
The Ministry of Culture and Sports of Spain has decided to direct 8 million euros ($8.5 million) toward the development of video games and narrative metaverse experiences. The program, part of the Spanish “Recovery, Transformation, and Resilience Plan” will give grants directed to incubate projects in these areas in 2023.
SNB Capital’s First Global Megatrends Fund Launches To Provide Access to Future-Focused Investments Including Web3.0
The launch of the Global Megatrends Fund by SNB Capital, Saudi Arabia’s largest asset manager, will provide investment opportunities for retail and institutional investors into future-focused industries with high-growth potential.
Challenges Faced in the Application of Smart Contracts
Smart contracts are an innovation in the world of contracts. They exist on Blockchains and are designed to be self-executing and self-enforcing. The use of these contracts has been growing exponentially over the past few years; however, there are still some challenges in the application of smart contracts.
My Neighbor Alice Successfully Released Its Game Version 2.0 To Mainstream Audience
My Neighbor Alice is a blockchain-based social game that has been popular among its users since its initial release and has now launched version 2 to mainstream audiences.
An Introduction to Modular Blockchain Stacks
This article has two purposes. First, it will break down in simple terms the core functions of a blockchain. Second, it will expand upon the concept of modular blockchains, which are rapidly gaining in popularity and application.
Blockchain VC Funding Surpasses 2021 Total Despite Declining Since May
Blockchain venture capital funding has been on a downward slope since May 2022, and November was no different, with inflows declining even further. However, the total capital inflows for 2022 have surpassed 2021 by almost $6 billion.
Busan City Drops Global Crypto Exchanges From Its Digital Exchange Plans
Busan, South Korea’s blockchain city, has taken a step closer to establishing a local crypto exchange, but it has dropped most of its global centralized exchange partners. The drastic decision follows the recent massive failure of centralized exchanges.
Bitcoin Development Company Layer 2 Labs Raises $3M to Bring Drivechains to Network
Layer 2 Labs has raised a $3 million seed round from angel investors to bring drivechains and other innovative technologies to Bitcoin.
Visa Experts March Ahead With New Innovative Ways To Strengthen Web3 & Blockchain
In the present scenario, Visa has deployed a team of professional engineers and researchers who are actively engaged in putting their minds together to closely study matters related to the foundations of the different blockchains. Part of the research and analysis is based on facts related to safety and security, coupled with factors pertaining to upgrade possibilities of upgradation. Also thrown are matters of interoperability in the blockchains, along with all privacy and transparency-related aspects attached to the different protocols. This entire exercise aims to identify the probable cases that are fit for utilization.
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