In its latest funding drive, HashPort, the Japanese blockchain developer, has garnered a whopping 1.2 billion Japanese yen (equivalent to $8.5 million). The Series C funding round was led by major players like Sumitomo Mitsui Banking Corporation, The University of Tokyo Edge Capital Partners, and renowned Japanese billionaire entrepreneur, Yusaku Maezawa. With this latest funding secured,…
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The small New York-based neobank is seeking to improve crypto users’ experience by melding Web3 features and digital banking. The neobank Cogni has announced that it is rolling out soulbound nonfungible tokens containing Know Your Customer (KYC) information to holders of its crypto wallet. The Polygon-based NFT will transfer customers’ “Web2” KYC verification done by…
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Soulbound tokens (SBTs) refer to digital identity tokens that represent the characteristics or reputation of a person or entity. By creating an alternative financial system with extraordinary flexibility and innovation in less than ten years, Web3 has astounded the globe. Economic and cryptographic primitives such as smart contracts and consensus mechanisms have helped to create…
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