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Circle is entering an agreement with a Hong Kong telecommunications firm with the aim of building blockchain-based solutions for the Asia-based company. The USDC stablecoin issuer says it is signing a memorandum of understanding with the technology, media and telecommunications firm HKT to “explore a potential collaboration in developing blockchain-based customer loyalty solutions for merchants in Hong Kong.” “Leveraging Circle’s expertise in Web3 Services and HKT’s extensive merchant ecosystem and customer engagement capabilities, the two companies aim to develop customer loyalty solutions backed by Web3 technology that will enhance how consumers discover and engage with merchants, fostering more social and dynamic engagement experiences.” Circle says its suite of tools for developing blockchain-based solutions includes its programmable wallets that enable the use of crypto assets and smart contracts safely and easily. News of the potenti...

Recently, the rise of Black Myth: Wukong has garnered widespread attention in the Chinese-speaking world. However, its first investor publicly stated that they would never invest in Web3 games and criticized Web3 entrepreneurs for lacking passion for gaming. This sparked significant industry debate. Binance Labs, together with Mable Jiang from StepN, Jonny Chen from Sidekick, and Michael Tong from Xterio, held a Twitter Space to discuss these hot topics. WuBlockchain has been authorized to republish and edit this discussion. The panelists discussed whether large-scale, long-development games like Black Myth: Wukong fit within the Web3 ecosystem. The general consensus was that Web3 games are currently more suited for lighter, faster-to-launch games, allowing developers to gain experience gradually before considering larger productions. This is because Web3 projects often lack the long-term funding that traditional games benefit from, and market demands change rapidly. Participants hig...