GizmoLab Report: Cutting-Edge Developments in Web3 📈

A Quick TL;DR:

- MoonPay Registers with AUSTRAC, Introduces Osko and PayID for Crypto Payments

- GoPlus Integrates Security on Neo X Sidechain

- Sony’s Soneium L2 to Use Chainlink for Cross-Chain Support

- Seedify Debuts NFT Launchpad for Exclusive NFT Drops and Pre-Sales

- Binance Labs Invests in OpenEden for RWA Growth and DeFi Expansion

- Swift Unveils Global Infrastructure for Tokenized Asset Transfers

MoonPay Secures Australian Registration, Expanding Crypto Exchange Services with Local Payment Methods Like Osko and PayID

Crypto payments platform MoonPay has officially registered with Australia’s financial intelligence agency, AUSTRAC, enabling it to offer crypto exchange services across the country. With this registration, MoonPay is now obligated to comply with anti-money laundering (AML) and counter-terrorism financing laws in Australia, which include requirements for customer verification, record-keeping, and reporting. Although the registration is not a formal license, it marks a significant step in MoonPay's efforts to navigate Australia's evolving regulatory landscape.

The registration will also allow MoonPay to provide Australian users with access to local payment methods, such as Osko and PayID, improving ease of use. MoonPay already holds similar registrations in the U.K., Ireland, Canada, Italy, and 44 U.S. states. MoonPay’s co-founder, Ivan Soto-Wright, highlighted that the firm is committed to engaging with regulators globally as it continues its expansion. This development comes as one in five Australians reportedly owns or has previously owned crypto, and the country launched its first Bitcoin ETF earlier this year.

GoPlus Partners with Neo to Enhance Node-Level Security on Neo X Sidechain with New On-Chain Firewall

Web3 security platform GoPlus has joined forces with Neo's EVM-compatible sidechain, Neo X, to bolster node-level security by integrating its Security Module. This makes Neo X the first blockchain to adopt GoPlus' innovative User Security Module (USM), providing a basic security layer that screens and blocks risky transactions.

The USM operates as a firewall, powered by AI, that automatically assesses the safety of user transactions in real time. This collaboration aims to improve asset protection while maintaining the decentralized nature of Neo X. According to John Wang, Head of Eco-Growth at Neo, this partnership enhances security and aligns with Neo’s upcoming anti-MEV feature, setting a new standard for fairness and safety in the blockchain space.

Sony Integrates Chainlink for Cross-Chain Interoperability on Soneium Layer 2; Joins Chainlink’s Scale Program

Sony Block Solutions Labs (Sony SBL), the web3 arm of Sony, has announced its integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for its upcoming Layer 2 blockchain, Soneium. The announcement also includes Soneium’s participation in Chainlink's Scale Program, which offers subsidized data oracle services. Additionally, Soneium has launched support for Chainlink’s Data Feeds on its Minato testnet.

This partnership is set to enhance cross-chain operability and infrastructure for Soneium’s ecosystem, offering a seamless user experience. Chainlink’s CCIP is gaining adoption across major corporations, including Swift, Vodafone, and ANZ Bank. Soneium, launched just three weeks ago, is gaining momentum and attracting significant interest from developers for its Spark incubator program.

Seedify Launches NFT Launchpad Offering Exclusive Pre-Sales, Drops, and Curated NFT Collections to Its Community 

Seedify has officially launched its NFT Launchpad, providing a new hub for NFT creators and collectors to access exclusive pre-sales and drops. The platform streamlines the NFT launch process, allowing projects to set up minting phases and enabling participants to secure early access and discounted prices. Similar to Seedify's IDO Launchpad for Web3 projects, this new platform offers features like a lottery system for guaranteed minting, phase-based mint opportunities, and support for multiple blockchains. Seedify aims to ensure curated, high-potential NFT projects for its community while providing creators with access to Seedify’s marketing channels and technical support.

The Launchpad introduces benefits like early access, reduced prices, and the ability to use project-specific tokens for minting. Additionally, project founders can tap into a wider audience and secure platform for launching their collections. Seedify's future plans include expanding the platform to support multiple blockchain networks and offer even greater flexibility for users.

Binance Labs Invests in OpenEden to Boost Tokenized Real-World Assets (RWA) and Expand DeFi Ecosystem with New Partnerships and Products

Binance Labs has made a strategic investment in OpenEden, marking its first foray into the rapidly growing tokenized real-world assets (RWA) space. This collaboration aims to bring RWA-backed yields into the DeFi ecosystem by launching new products, expanding partnerships, and entering emerging markets. OpenEden, which has nearly $115 million in total value locked (TVL) across Ethereum, Arbitrum, and XRP Ledger, is best known for its tokenized U.S. T-Bill Fund, the first and only tokenized T-Bill to receive an “A” rating from Moody’s.

With Binance Labs' backing, OpenEden plans to create pathways for institutional liquidity to flow into decentralized platforms, blending real-world yields with native DeFi yields. The fresh funding will also enable OpenEden to drive innovation by offering more access to yields for institutional investors, DAOs, and crypto treasury managers without lockups. OpenEden’s in-house management of tokenization ensures greater efficiency and lower fees for token holders, positioning it as a leader in the tokenized asset space.

Swift Launches Global Infrastructure to Solve Interoperability Issues and Streamline Tokenized Asset Transfers Across Multiple Ledgers

On September 11, 2024, Swift introduced a new initiative aimed at improving the global transfer of tokenized assets by addressing interoperability challenges among different technologies and regulatory frameworks. This infrastructure will allow Swift members to use their existing connections for transactions involving both traditional and emerging assets, including crypto. The initiative plans to test multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions, enabling real-time asset exchanges on Swift's network. With the global real-world asset (RWA) market projected to reach $30 trillion by 2034, Swift’s new platform aims to prevent the digital fragmentation of RWAs.

The company’s Chief Innovation Officer, Tom Zschach, emphasized the importance of interoperability to unlock the full potential of digital currencies and tokenized assets. Swift's efforts, which will initially use fiat currencies, plan to evolve to include central bank digital currencies (CBDCs), tokenized commercial bank money, and regulated stablecoins. Swift has already achieved success in value transfer tests involving tokenized assets across global banks.

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