The Singapore Effect
30 Novembro 2021 - 05:10AM
NEWSBTC
In the world of Crypto, GameFi, and the METAVERSE, we think in
terms of a global industry, which of course it is, although you
will be very interested to learn that there is one country
dominating when it comes to leading Crypto projects and indeed the
individuals behind those projects. The location of this influx of
crypto-based companies is SINGAPORE. Let’s start about, Vitalik
Buterin. Crypto’s first billionaire and co-founder of Ethereum,
which is arguably one of the more popular Blockchains at present,
he is domiciled in Singapore. Zach Burke founder of Mintable – a
platform that operates on the Ethereum Blockchain, allowing users
to create, trade, buy and sell digital assets on the blockchain
through NFTs (Non-Fungible Tokens), is also domiciled in Singapore.
MetaKoven – Billionaire buyer of the worlds’ most expensive NFT – A
Beeples’ NFT for $69.3 million – domiciled in Singapore. CZ the
founder and CEO of Binance, the world’s largest cryptocurrency
exchange by trading volume since April 2018 – domiciled in
Singapore. Gemini a US crypto exchange founded by the Winklevoss
twins just announced its offices in Singapore. Josh G, co-Founder
of Aier Studios Ltd and JEDSTAR – A brand new DeFi and GameFi 3
token ecosystem that is currently developing a DCCG (Digital
Collectible Card Game) and an MMORPG (Massively Multiplayer Online
Role-Playing Game) – domiciled in Singapore also. Why? Let’s think
about what it is that SINGAPORE has to offer? Singapore is known as
a tax haven for new businesses but also for its positive attitude
toward cryptocurrency in general. In fact, Singaporeans are so
friendly to their crypto stance that the government has deemed
cryptocurrency legal, has no capital gain tax on crypto, and
actively encourages and sponsors their citizens to learn about
cryptocurrency. They already have a regulatory framework in place,
which is regulated by the Central Bank Of Singapore or the Monetary
Authority of Singapore (MAS). Josh G, who leads the JEDSTAR
team and is a resident of Singapore for the last 20 years, quotes
‘Singapore is leading the way towards mass adoption of
cryptocurrency, leading the way in terms of tax, regulations and
government adoption”. For JEDSTAR, Singapore as an HQ was an
obvious choice, as the project is currently developing blockchain
games and launching their GameFi and play-to-earn token $KRED in
December, being in a crypto-friendly environment as well as being
in close contact with big names in the gaming industry who are such
as Ubisoft who are also based in the country helps the company and
project thrive in ways that wouldn’t be possible in other
countries. JEDSTAR is only at the beginning of its journey,
having launched only 3 months ago, and while it’s token $JED has
seen a surge of over 100,000% it still has a lot of potential for
growth as the current market cap is still around 30 million USD and
I know I’ll be watching it with interest as this project grows in
direct competition with Axie Infinity, Sandbox and Decentraland.
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