• Animoca Brands Japan, a strategic subsidiary of Animoca Brands, has invested in Passion Labs.
• The companies will collaborate in helping Japanese companies move to Web3 and create Web3 communities.
• Both Animoca Brands and Passion Labs have worked with many luxury brands from the region in moving to Web3.
Animoca Brands Japan Invests in Passion Labs
Animoca Brands‘ strategic subsidiary has invested in Passion Labs with the aim of expanding its foothold in Japan and helping companies migrate to Web3. This venture capital move is expected to help Japanese companies develop their strategies for Web3 and create web 3 communities.
Passion for Web3
Passion Labs has established itself as a provider of analytics that strengthen luxury and automotive brands from Japan and Asia-Pacific. Following the investment, both Animoca Brands Japan and Passion Labs will continue working together to assist Japanese businesses transition into the realm of web 3. Kyoya Okazawa, Co-founder of Animoca Brands Japan commented on this development: „We are thrilled to invest in Passion Labs because we believe that its services will be an integral part of Web3…“
Previous Collaborations with Luxury Brands
Both Animoca Brands and Passion Labs have previously collaborated with many luxury brands from the region such as Bentley Japan, Porsche’s marketing director Daniel Feucht etc., for developing their strategies for web 3. Last December, both Keegan Huang (Founder of Passion labs) & Kyoya Okazawa appeared on stage at NFT Taipei discussing what impact web 3 could have on luxury brands.
Key Opinion Consumers Analysis
As part of their collaboration, Animoca Brands will be using Passion Lab’s technology for KOC (Key Opinion Consumer) analysis within Japan so as to help organizations migrate towards web 3 more efficiently.
Excitement From Both Parties
Keegan Huang, Co-founder & CEO of Passion labs expressed his enthusiasm about this strategic alliance between both parties by saying “This investment is a testament to our commitment towards our goal – democratizing digital transformation.“
• OKB (OKB) and Aptos (APT) are two tokens that have seen a bullish momentum since the beginning of the year.
• Stellar (XLM) and Orbeon Protocol (ORBN) are also part of this price pump, with ORBN currently in phase 7 of its presale and having gained 1675%.
• Both OKB and APT offer their holders numerous advantages such as passive income, voting rights, staking rewards, and more.
Bullish Momentum for OKB & Aptos
The start of 2023 has brought with it an influx of bullish momentum for several tokens, including OKB (OKB) and Aptos (APT). These two tokens have seen significant price pumps throughout the first few months of the year.
Stellar & Orbeon Protocol
Other tokens that have maintained a bullish trend include Stellar (XLM) and Orbeon Protocol (ORBN). ORBN is currently in phase 7 of its presale and has so far gone up by 1675% from its initial price. It is presently trading at $0.071.
Advantages for OKB Holders
The utility token for the popular OKX exchange is OKB (OKB). This token can be used for many activities on the exchange such as calculating fees, voting rights, staking rewards, compensation for holding onto their tokens, etc. There is also an innovative platform called ‘OKX Jumpstart’ which distributes funds to users in the form of OKB tokens – helping people across the globe to have a better future through decentralization of money, applications, gaming or NFTs.
Aptos: The New Era Of DApps
Aptos (APT), on the other hand is referred to as ‚the new era dApps‘ due to its combination of PoS consensus along with a unique programming language called Move which makes it faster than Ethereum – handling upto 150k transactions per second! Moreover it is cost effective , secure , scalable and easily upgradable too- making it a great layer 1 blockchain option for investors to consider in 2023.
Conclusion
In conclusion , both these coins make good investment options due to their respective advantages . Therefore , if you are looking forward to investing your money in cryptocurrencies this year , then you should definitely consider putting some into both these coins .
• The SEC is ramping up its efforts to regulate crypto exchanges, with staking services being the latest casualty.
• Exchanges like Coinbase and Kraken have been providing staking services to retail customers but are now facing legal action from the SEC.
• SEC Chair Garry Gensler believes investors deserve more transparency when it comes to these products and their returns.
SEC’s Regulatory Push on Staking Services
The US Securities and Exchange Commission (SEC) has been working hard to regulate crypto exchanges since the catastrophic FTX collapse. Staking services are one of the latest casualties in this regulatory push, as exchanges like Coinbase and Kraken face legal action for offering these services to retail customers.
What is Crypto Staking?
Crypto staking is a way of securing proof-of-stake networks like Ethereum while also earning rewards for locking up tokens. To mitigate the need for large amounts of capital, users can pool their tokens into decentralized staking pools – or stake them with exchanges. For crypto exchanges, staking services have become an essential source of revenue as trading volumes dropped.
Coinbase CEO’s Warning
Coinbase CEO Brian Armstrong sounded the alarms over „rumors“ about an upcoming ban on crypto staking from the SEC. He argued that such a ban would be a „terrible path“ for the US, given that blockchain rewards accounted for 11% of the revenue in Q3 of 2022, up from 8.5% in Q2.
Genser: Investors Deserve Transparency
On Friday, SEC Chair Garry Gensler explained why his agency was taking steps to rein in staking services. He said that exchanges advertise returns on these products without giving investors enough information about what they’re doing with their tokens – something he believes needs to change if investors are going to trust these products.
SEC’s ‚Staking Ban‘ Not What You Think
Rather than banning crypto staking outright, what the SEC is looking at doing is introducing more transparency into how these products work and how they generate returns for investors – something which could ultimately make them more decentralized and trustworthy for everyone involved.