Fun

Storm Partners launches Web3 innovation sandbox in Geneva

News Feed - 2024-06-14 06:06:34

Zoltan Vardai14 hours agoStorm Partners launches Web3 innovation sandbox in GenevaThe new blockchain sandbox aims to bolster Geneva’s status as an emerging crypto hub.1164 Total views7 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksStorm Partners announced the launch of a new Web3 innovation sandbox to bolster mass blockchain adoption and elevate Web3 innovation in Geneva.


The Swiss blockchain solutions provider’s sandbox, dubbed “Lightningbox,” aims to help large organizations harness the power of blockchain and bolster innovation among industry leaders.


The blockchain sandbox aims to create a trusted environment for blockchain experimentation by offering institutional-grade Web3 tools for builders and startups to build more innovative use cases.Sheraz Ahmed, managing partner of Storm Partners at Decentral House.


Lightningbox aims to serve as an innovation hub for some of the brightest minds in Web3, according to Sheraz Ahmed, the managing partner of Storm Partners, who said:“We are witnessing a major technical revolution, driven primarily by advancements in emerging technologies, which is reshaping industries on a global scale.”


Related:Citron no longer short on GME, cites ‘market’s irrationality’Circle and Hacken join as core Lightningbox contributors


The new initiative was announced on stage during Decentral House’s Web3 Corporate Innovation Day in Geneva.


Early contributors to the sandbox include Circle, the issuer of the world’s second-largest stablecoin USD Coin (USDC), cybersecurity firm Hacken and blockchain infrastructure provider MultiversX.


The contributors have dedicated internal and technological resources to the sandbox, amounting to values in the mid-six figures. The exact amount was not disclosed.


The Web3 innovation sandbox has highlighted three pillars as its initial focus: impact, consumer and finance. The fourth pillar, life sciences, will follow suit in the coming months. The pillars were chosen based on local demand from traditional and Web3 companies.


Related:Bitcoin whale accumulation reaches pre-2020 bull run levels — Is BTC set to break $70K?Geneva: the next emerging crypto hub?


Thanks to the amount of tech-focused brainpower and its strategic location, Geneva is an ideal location to foster more blockchain innovation, according to Storm Partners’ Ahmed. He said:“Local organizations that strive for global impact, such as the World Economic Forum, the United Nations, and many private banks, make Geneva the perfect location to steer and amplify the growth of blockchain worldwide.”


Growing blockchain innovation could propel Geneva both in terms of finance and technological development, according to Chris Fabian, the co-lead of Giga. He said:“Giga is very pleased to see more corporate interest in innovation and blockchain in Geneva. We think that the blockchain ecosystem can help propel Geneva to new heights in finance, international relations, and technology."


Magazine:Roaring Kitty’s GME shares hit $1B, BTC open interest soars, and other news: Hodler’s Digest, June 2–8# Blockchain# Cryptocurrencies# Business# Circle# Europe# Adoption# innovators# Developers# Web3Add reaction

News Feed

US Senator Says Crypto Tax in Infrastructure Bill Is ‘Unworkable,’ Plans to Offer Amendment to Fix It
US Senator Says Crypto Tax in Infrastructure Bill Is "Unworkable," Plans to Offer Amendment to Fix It Several U.S. lawmakers have spoken up against the cryptocur
Vienna-Based Trality Announces Free Worldwide Trading Competition With Over 60,000 USDT in Prizes
Vienna-Based Trality Announces Free Worldwide Trading Competition With Over 60,000 USDT in Prizes press release PRESS RELEASE. Trality, a leading FinTech company headquartered in Vi
Ubisoft Executive Thinks Players Reject NFTs Because They Don’t Understand Benefits
Ubisoft Executive Thinks Players Reject NFTs Because They Don"t Understand Benefits Nicolas Pouard, an executive at Ubisoft, one of the leading videogame companies in the entertain
WBTC thief spreads $71M loot across multiple crypto wallets
Arijit Sarkar52 minutes agoWBTC thief spreads $71M loot across multiple crypto walletsStolen crypto from a $71 million wallet impersonation scam is on the move after six days of dormancy.451 Total views41 Total sharesLis
L2 Scaling Solution Arbitrum Schedules Nitro Rollup Stack Upgrade for August 31
L2 Scaling Solution Arbitrum Schedules Nitro Rollup Stack Upgrade for August 31 On August 4, Arbitrum One, the layer two (L2) Ethereum scaling solution, announced the protocol will
Tristan Greene3 hours agoBitcoin funds see weekly outflows of $111M, most since March: CoinSharesSolana bucked the trend, with its $9.5 million in inflows taking the top spot over the past week.1464 Total views18 Total s
Billionaire Ray Dalio’s Investing Advice: Avoid Cash, Think in Inflation-Adjusted Dollars, Crypto Helps Diversify
Billionaire Ray Dalio"s Investing Advice: Avoid Cash, Think in Inflation-Adjusted Dollars, Crypto Helps Diversify Billionaire Ray Dalio, the founder of the world’s largest h
Gamble With Crypto at Bestecasinobonussen.nl
Gamble With Crypto at Bestecasinobonussen.nl Bestcasinbonussen.nl is up to date with the Bitcoin casino industry, delivering news about Bitcoin casinos available in the Netherlan
Taking Yield Farming to the Next Level With Animal Farm
Taking Yield Farming to the Next Level With Animal Farm sponsored As a result of DeFi protocols, access to finance has been democratized, allowing anyone with an Internet connection
Cointelegraph Innovation Circle8 hours ago9 factors to consider when choosing a blockchain consensus mechanismBoth broad and narrow considerations come into play when choosing a blockchain project’s consensus mechanism
BitGo Says It’s Now Processing 20% of Bitcoin Transactions
BitGo is processing more than 20 percent of bitcoin transactions, the company said at CoinDesk’s Invest: NYC conference today. The announcement by the crypto custodian and iss
Call Of Duty: Modern Warfare Beta Is Out and Gamers are Ranting About a Ton of Problems
Gamers are losing their minds over technical glitches associated with the new Call of Duty beta. | Image: ShutterstockActivision finally dropped the highly-anticipated Call of Duty: