GizmoLab Report: Cutting-Edge Developments in Web3📈

A Quick TL;DR:

- Ozean, HELIX Partner to Bring $100M Private Credit On-Chain

- BNB Chain Unveils Tokenization Solution for Small Businesses in Web3

- Trump Promises Pro-Crypto Policies for Re-Election Bid

- SingularityNET, ASI Unveil Self-Learning Proto-AGI in Minecraft

- Polymarket Trader Hits $49M Jackpot on Trump Win

- JP Morgan Rebrands Onyx to Kinexys, Expands Blockchain Capabilities

Ozean Partners with HELIX to Onboard $100M of Private Credit On-Chain, Bridging DeFi and Traditional Finance through Real-World Asset Yield 

Ozean, a blockchain platform for Real-World Asset (RWA) yield developed by Clearpool, has partnered with HELIX, an institutional-grade DeFi protocol, to introduce $100 million worth of private credit opportunities to the blockchain. This strategic collaboration will see HELIX’s diverse private credit offerings—spanning private credit funds, money market funds, and syndicated loans—integrated with Ozean. By leveraging HELIX's Big Data Credit Analytics for risk management, the partnership promises robust, stable returns for investors in the decentralized finance (DeFi) space. Clearpool, which launched Ozean in 2022, has already tokenized over $640 million in private credit.

Combined with HELIX’s track record of managing $375 million in Southeast Asian disbursements without defaults, the partnership positions both entities as leaders in the on-chain private credit sector. This alliance taps into the fast-growing private credit market, projected to reach $2.8 trillion by 2028. In addition, Hex Trust’s integration with Ozean will facilitate the flow of capital from traditional finance (TradFi) to DeFi by simplifying the on-ramping process, enhancing liquidity for private credit assets on-chain. Through this partnership, Ozean and HELIX aim to redefine DeFi by providing compliant, yield-generating RWA investments for institutional and retail participants alike, bridging the gap between traditional finance and DeFi.

BNB Chain Launches Tokenization Solution to Simplify Web3 Access for Small Businesses and Individuals, Supporting Real-World Asset Tokenization and Corporate Blockchain Initiatives

BNB Chain has launched a comprehensive tokenization solution designed to make web3 accessible to individuals and small businesses by offering streamlined tokenization of real-world and corporate assets. Through this one-stop platform, users can tokenize tangible assets such as real estate, art, and commodities, enabling broader investment opportunities in web3. Additionally, businesses can now issue tokens directly on the blockchain, enhancing their access to decentralized finance (DeFi). To bring this solution to market, BNB Chain has partnered with BitBond, Brickken, Matrixdock, Tokenizer by Allo, and InvestaX. The initiative aims to reduce entry barriers by eliminating the need for coding or advanced technical skills, paving the way for small and medium-sized enterprises to enter the web3 space.

Jimmy, a senior architect at BNB Chain, noted that real-world asset (RWA) tokenization is essential for creating new applications and empowering SMEs in the decentralized ecosystem. The BNB Chain ecosystem, now boasting over 4 million users and 4,000 decentralized applications, includes BNB Smart Chain for DeFi, opBNB as a layer-2 solution, and BNB Greenfield for decentralized storage. Currently, BNB Chain also supports tokenization in carbon credits and natural hydrogen, with future plans for loyalty programs and mini-apps to attract a broader audience. As the fourth-largest DeFi chain, BNB Chain's total value locked is estimated at $6.28 billion, trailing only Ethereum, Solana, and Tron.

Trump Promises Pro-Crypto Policies, Including a National Bitcoin Strategy, Firing SEC Chair Gensler, and Pushing Bitcoin Mining in the U.S.

As he campaigns for re-election, former President Donald Trump has pledged a series of policies favorable to the cryptocurrency industry, with promises spanning regulatory, fiscal, and technological commitments. At the Bitcoin 2024 conference, Trump vowed to prevent the federal government from selling its bitcoin holdings, aiming to establish a "national crypto stockpile" to ensure all seized digital assets are retained. He also promised to dismiss SEC Chair Gary Gensler on his first day in office, criticizing Gensler's aggressive approach toward crypto firms, which has led to over 100 enforcement actions. In his plans to bolster the industry, Trump has proposed creating a “bitcoin and crypto presidential advisory council” led by industry advocates.

Additionally, he envisions all Bitcoin mining to be done in the U.S., encouraging energy dominance and job creation through local mining operations. During a closed-door meeting at Mar-a-Lago, Trump expressed interest in fostering domestic bitcoin mining to avoid reliance on foreign entities like China and Russia. Moreover, Trump has hinted at reducing Federal Reserve interest rates if elected, which could positively impact the crypto market by making credit cheaper. While Trump does not have direct control over the Federal Reserve, he has advocated for economic policies that could spur crypto adoption and investment. These pledges mark a significant shift for Trump, who previously voiced skepticism about the crypto industry.

SingularityNET and ASI Alliance Introduce AIRIS, a Self-Learning Proto-AGI in Minecraft, Paving the Way for Decentralized Artificial General Intelligence

SingularityNET and ASI Alliance have launched AIRIS, a self-learning proto-artificial general intelligence (AGI) within the virtual world of Minecraft, marking a breakthrough in AGI development. Unlike traditional gaming AIs, AIRIS, which stands for Autonomous Intelligent Reinforcement Inferred Symbolism, autonomously adapts and creates rules based on real-time experiences, operating independently of pre-set programming. Through its integration in Minecraft, AIRIS learns to navigate complex scenarios, refine obstacle-avoidance tactics, and develop new strategies to overcome unforeseen challenges.

This deployment allows AIRIS to test the potential of AGI within Minecraft’s open-ended sandbox environment, which offers a challenging yet controlled digital landscape. The ASI Alliance sees this integration as a stepping stone for future applications in robotics, automation, and smart systems, where real-time learning and adaptive problem-solving are essential. Ben Goertzel, CEO of SingularityNET and ASI Alliance, highlighted the importance of decentralized AGI for societal benefit. Goertzel believes that decentralized AI platforms like SingularityNET are essential for AGI’s safe and equitable growth. Unlike large language models, AIRIS aims to extend beyond human-trained knowledge, pushing the boundaries of AI autonomy and context-based learning in real-world applications.

French Trader Wins $49 Million on Polymarket Following Trump’s Election Victory, Marking One of the Largest Political Betting Paydays

French trader "Théo" has reportedly won $48.5 million on the crypto-based prediction platform Polymarket after betting on Donald Trump’s victory in the 2024 presidential election. With Trump clinching an Electoral College win, Théo’s bet is set to become one of the most profitable political wagers in history. The trader may also earn an additional $19.4 million if Trump secures the popular vote, where he currently holds 51%. Polymarket, a decentralized prediction market, saw significant engagement during the election, amassing a cumulative trading volume of $3.5 billion, according to Dune Analytics.

The platform, which allows users to bet on various outcomes using cryptocurrency, saw substantial interest in the election, with wagers on candidates such as Trump, Kamala Harris, and even Kanye West. Despite early skepticism from traditional finance analysts, who argued that large investors, or "whales," could distort odds, Polymarket’s predictions ultimately aligned with the election outcome. Théo’s substantial win highlights the growing role of crypto-fueled prediction markets as alternative forecasting tools in major political events, though questions about liquidity influence remain a point of contention in the prediction market landscape.

JP Morgan Rebrands Onyx to Kinexys, Reveals Major Blockchain Expansion with FX Capabilities and Enhanced Privacy Features

JP Morgan has rebranded its blockchain network, Onyx, as "Kinexys by JP Morgan" as part of a strategic push to strengthen its blockchain operations across information, money, and asset management. The announcement was made by Kinexys CEO Umar Farooq at the Singapore Fintech Festival, signaling a unified direction for JP Morgan’s blockchain endeavors. Since its launch, Kinexys has processed over $1.5 trillion in transactions, averaging $2 billion daily, making it a leader in blockchain-based wholesale payments. Transaction volume on Kinexys increased tenfold over the past year, largely due to its efficient cross-border payment capabilities, which facilitate transactions outside traditional banking hours.

In addition, Kinexys is set to introduce foreign exchange (FX) functionality to its digital payments infrastructure. The company also unveiled a proof-of-concept (POC) in collaboration with Kinexys Labs that showcases advanced on-chain privacy, identity verification, and composability features, addressing some of the financial industry’s toughest challenges. These developments underscore JP Morgan’s commitment to pioneering blockchain applications in finance and positioning Kinexys as a critical player in the global financial system’s digital transformation

Don’t forget to hit the button that you see below!