Towards the end of the week, important partnership news surfaced from the Web 3.0 coin market. For example, a Thailand-based bank group is opening a physical collaboration space in Bangkok.
Web 3 content delivery network Fleek raises $25 million
Web 3 developer platform Fleek has raised $25 million in a funding round led by crypto-focused venture capital firm Polychain Capital. The funding will accelerate the development and launch of a decentralized content and application delivery network called Fleek Network, which will launch in the spring or summer of 2023. Harrison Hines, co-founder and CEO of Fleek, shared the following tips on where the project will use this funding:
There is one piece that is currently missing from the Web3 infrastructure stack: unreliable content delivery and acceleration. That is the void that Fleek Network has filled.
Siam Commercial Bank (SCB) takes first step for Web 3.0 coin efforts
In another development, SCB 10X, the venture unit of Thailand’s oldest bank group Siam Commercial Bank (SCB), has opened a 10,000 square meter Web3 collaboration space in Bangkok. Meanwhile, SCB 10X said the center, called DistrictX, will consist of two areas. These will be two different categories, the hacker house and the exponential center. Hacker house specifically includes the six-month launchpad program where SCB 10X will recruit developers and entrepreneurs. The exponential hub is the co-working space for SCB 10X’s partners such as Nansen, Sandbox and RakkaR Digital.
SCB 10X launches “DISTRICTX”, a Web 3.0 Collaboration Hub for International Community-building in Bangkok to build & foster world-class communities in Blockchain and Web3.
More details: https://t.co/VLHzBlCUtPhttps://t.co/3D4SihCA5Y
— SCB 10X (@SCB10X_OFFICIAL) December 1, 2022
Band Protocol and Desmos Network partnership
Band Protocol announced its partnership with Desmos Network in a post on its Medium page on November 30. It plans to play an active role in the binary industry’s transition from Web2 to Web3. Desmos is a Cosmos SDK-based layer 1 Blockchain designed to build decentralized social networks. It can also offer anonymous and decentralized identity features. This concept is similar to Google single sign-on. But it is now built on Web3. The first products that Desmos Network unveiled during this year’s Cosmoverse epitomize the growing demand for the Web2 to Web3 transition across social media networks.
📣Excited to announce Band's newest use-case for our oracle script with our latest partnership with @DesmosNetwork, a Cosmos SDK based layer 1 blockchain designed to build decentralized social networks.
Learn more here👉https://t.co/U79AYIdIqN
👇Check the thread for details pic.twitter.com/5T6mkAcq2M
— Band Protocol (@BandProtocol) December 1, 2022
Meanwhile, Band Protocol gained over 20% after the announcement. At the time of writing, it continues December 1, where it started around $1.90, above $2.5.
Near Foundation makes a new collaboration for Web 3.0 coin development
Near is launching a loyalty points program for Grupo Nutresa, one of Latin America’s processed food giants. The open-source loyalty program is said to be the first of its kind to use the Near protocol. It aims to reach one million users in Colombia and Latin America, according to the press release. Distribution will begin before the end of the first quarter of 2023.
While Band was the highest-paid Web 3.0 coin project of the day, Mask Network was in second place. MASK is the second most earning Web3 Coin of the day, with 20% increase in the last 24 hours. cryptocoin.comWe have covered other important news from the Web3 coin market here.
