Bullieverse enthusiasts have much to look forward to as the platform continues to reach new heights through gaming tournaments, user acquisitions, and strategic collaborations. The latest development is an exciting partnership that will propel Bullieverse further into the metaverse landscape as Mantle and Bullieverse Announce Strategic Partnership.

Bullieverse has officially joined forces with Mantle, a cutting-edge project backed by BitDAO, one of the largest DAOs in the Web3 ecosystem. Mantle is a high-performance Ethereum layer-2 network with modular architecture delivering low fees and high security, which essentially translates to greater Web3 adoption through various means, such as improved UX, reduced fees, and enhanced security, among others.

This partnership brings multiple advantages to the users and gamers of Bullieverse:

  1. Enhanced Security: With scams and hacks running rampant in the ecosystem, and sidechains sometimes lacking adequate security, Mantle is at the forefront of resolving these issues while maintaining scalability. This partnership ensures that Bullieverse users can enjoy greater security and peace of mind.
  2. Reduced Gas Fees: Thanks to Mantle’s technical prowess, the Bullieverse ecosystem as a whole will experience comparatively lower gas fees, ensuring a more cost-effective experience for users.
  3. Increased Credibility and New Horizons: As Bullieverse partners with reputable names like Mantle, it gains more leverage and influence within the ecosystem, paving the way for future user acquisitions and potential partnerships.

Moreover, Bullieverse has received a grant from Mantle, which serves as a strong validation of the platform’s achievements and future plans. This grant further solidifies Bullieverse’s commitment to its goals and the overall development of the ecosystem, including the exciting Necrodemic game.

About Mantle Network:

Mantle is a high-performance Ethereum layer-2 network built with modular architecture delivering low fees and high security. Builders can leverage Mantle’s unique design to build dApps with exceptional UX, all while relying on Ethereum’s unrivaled security.

Website | Twitter | Discord | Telegram

About Bullieverse:

Bullieverse is an Open Metaverse where NFTs come to life through an immersive gaming experience built on the Unreal engine. This ecosystem is rapidly expanding, with new players joining the community and new games being created with in-game assets & fair incentives aligned alongside Web3 ethos, such as Necrodemic. Through Bullieverse DAO, Bullieverse will progressively decentralize to become a community-owned metaverse governed by the $Bull token holders.

🐂🏝️ Join Bullieverse Social Channels:

Website | Discord | Official Group | Announcement | Twitter | Medium

Saudi Aramco will explore co-developing blockchain-based technologies that could benefit its workers.

By Brandy Betz

AccessTimeIconFeb 20, 2023 at 8:30 p.m.

Riyadh, Saudi Arabia. (Ekrem Osmanoglu/Unsplash)
Saudi Aramco exploring Web3 tech with droppGroup (Ekrem Osmanoglu/Unsplash)

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Saudi Arabian Oil Group (Saudi Aramco), the nearly $2 trillion worth state-owned energy company, has signed a memorandum of understanding (MoU) with droppGroup to explore co-developing a range of Web3 technologies, according to a press release shared with CoinDesk.

The Web3, the third generation of the internet-driven by blockchain technology, applications will be aimed at helping Aramco’s employees. This includes potential onboarding, training ecosystems, as well as a tokenized network and rewards program.

The collaboration isn’t Aramco’s first foray into blockchain technology In early 2020, the company invested $5 million into Vakt, a blockchain-based commodities post-trade processing platform.

droppGroup, a Web3 technology provider, has a tech stack that includes artificial intelligence (AI) and machine learning (ML), extended reality (XR), tokenized networks, and metaverse environments.

The New York-headquartered firm droppGroup also has an operational office in Saudi Arabia.

Read more: What Is Web3? Understanding What Web3 Is… and Isn’t


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The leader in news and information on cryptocurrency, digital assets, and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase the stock outright in DCG.

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Brandy Betz

Brandy covers crypto-related venture capital deals for CoinDesk.

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Sony Network Communications hopes the program will explore “how blockchain technology can solve various problems in their industry.”

By Rosie Perper

AccessTimeIconFeb 17, 2023 at 7:30 a.m.

Updated Feb 17, 2023, at 7:37 a.m.

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(David Becker/Getty Images)

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Sony Network Communications, a business division of The Sony Group, has teamed up with multi-chain smart contract network Astar Network to launch a Web3 incubation program for projects that focus on the utility of non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs).

According to a press release, the Web3 incubation program will be organized by Singapore-based Startale Labs, a company founded by Astar Network CEO Sota Watanabe, and will run from mid-March to mid-June of this year. Applications for the program open on February 17 and close on March 6.

Those accepted into the program will be split into 10 to 15 cohorts, and learning sessions will be provided by global venture capital firms such as Dragonfly, Fenbushi Capital, and Alchemy Venture.

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The goal of the program for Sony Network Communications is to explore “how blockchain technology can solve various problems in their industry,” the press release adds. Projects in the program may also be considered for investment from Sony Network Communications.

The incubation program is part of Astar Network’s continued partnerships with companies looking to explore use cases for Web3 technology. Last month, Astar Network – one of the first para chains to come to the Polkadot ecosystem – teamed up with automotive giant Toyota on a Web3 hackathon.

More broadly, Sony has also started to embrace Web3 technology, announcing a motion-tracking metaverse wearable called Mocopi in November 2022.


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The leader in news and information on cryptocurrency, digital assets, and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase the stock outright in DCG.

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Rosie Perper

Rosie Perper is the Deputy Managing Editor for the Web3 news section, focusing on the metaverse, NFTs, DAOs, and emerging technology like VR/AR. She has previously worked across breaking news, global finance, tech, culture, and business. She holds a small amount of BTC and ETH and several NFTs.

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Code can be better than law.

By Matthew Niemerg

AccessTimeIconJan 28, 2023 at 1:00 a.m.

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Most of the conversation about policy in Web3 has centered around what crypto pioneer Nick Szabo calls “wet code” – in this case, the laws that govern human institutions. The world of crypto offers an alternative – “dry code,” or computer code – to protect investors and users, which may be a more efficient approach by literally encoding rules in verifiable, permissionless and self-custodial protocols.

It is an approach that relies on incentives and the transparency of the technology itself.

This article is part of CoinDesk’s Policy Week. Matthew Niemerg is co-founder of Aleph Zero.

Why regulations matter

Let’s take a step back and consider the stated reason for financial regulation. Regulations are important because they can promote orderly and efficient markets and protect investors from those who may take advantage of them.

Take the problem of leverage, i.e., when people trade on margin or borrow money they have to pay back. Without going into detail, the math behind leverage is such that gains and losses increase linearly while the risk increases quadratically. In other words, if you have 5x leverage you only gain or lose 5x against a given price movement, but your risk of being liquidated increases by 25x. Leverage, by its nature via math, sets the house up to win.

Couple this with the fact that exchange operators act as central clearing houses performing the settlement of trades. Historically, large institutions have filled this role, being willing to take the other side of a trade and eat the losses in the case a trader defaults.

To catch up: You have investors with access to leverage taking risks that increase quadratically, and centralized exchanges settling the results of their bets. Exchanges also have access to information regarding liquidation prices that the rest of the market does not have, and an incentive to manipulate the market for their own gain. You can see why regulators are interested in this arrangement and are needed to prevent exchanges from trading against their customers.

See also: DeFi’s Difficult Governance Decisions Lie Ahead | Opinion

Regulations have a defined role and clear mandate to oversee centralized entities that, for the most part, can operate opaquely as far as clients having access to their inner workings.

DeFi is fundamentally different

With decentralized finance (DeFi), you have a completely different paradigm. Not only is there transparency, there is also no need for a centralized entity that controls the order flow of transactions. Funds are self-custody. Defi requires an entirely different approach to regulation because – while investor risks still exist – the responsibilities are entirely different, and so are the tools to mitigate risks.

Smart contracts make it simpler to aggregate financial interactions that would otherwise happen in fragmented, siloed and functionally private peer-to-peer (P2P) markets. In DeFi, smart contracts can play the role of an aggregator that was previously exclusive to operators of centralized exchanges.

For instance, an automated market maker protocol algorithmically determines the quote price of various assets and allows anyone to automatically offer these set prices to the rest of the market. Smart contracts then aggregate all the liquidity of the bids and asks together in an aggregated pool by using basic accounting. Similarly, money market protocols aggregate automate peer-to-peer (P2P) secured loans.

However, P2P trading or even private lending are not normally regulated activities, (cold hard cash is a peer-to-peer technology). Why should smart contracts be regulated if the activities they’re replicating are not? That’s putting aside the possibility that crypto can provide people with access to more efficient and transparent financial markets, without the risks inherent to centralized finance.

Code is law

In DeFi, we can use code to automate processes and track accounting data that can be used to drastically improve how these systems operate and manage risks. We can even design tools that protect users from unwanted risks. The idea that “code is law” becomes central. Of course, existing laws already prohibit fraudulent behavior if controllers of smart contracts operate unscrupulously.

The mechanisms that can protect DeFi investors from bad actors are likely to look more like analytics platforms, protective freeware and approval by reputable institutions that users are incentivized to use and seek for. Similar ideas have already been proposed by the European Commission that acknowledged the difficulties in regulating DeFi.

See also: DeFi Is the Way Forward, but It Needs to Evolve | Opinion

Regulators need to consider how technology and science can be used to achieve a desired policy. Perhaps the right step to take in terms of DeFi and Web3 regulation more generally is to focus on the ways in which the technology itself can be leveraged to safeguard investors and drive efficient markets.


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