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The next frontier in healthcare IT, according to Padam, is Web3. By decentralising patient data through blockchain technologies, Web3 offers both security and autonomy for individuals.
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Arabian Business
14 hours ago
- Arabian Business
World's first machine economy freezone to launch in UAE
Abu Dhabi and Dubai are set to host the world's first Machine Economy Free Zone (MEFZ) in the UAE. The new freezone is launched by blockchain platform peaq and Abu Dhabi-based venture studio Pulsar Group. The Machine Economy Free Zone aims to pioneer how humans and robots can co-create value in a decentralised world powered by AI, machines, and Web3. UAE Machine Economy Free Zone The initiative will fast-track deployment of emerging technologies, attract investment, and nurture a new wave of innovation through community-led decentralised physical infrastructure (DePIN) applications. Four pillars of the MEFZ Regulation: MEFZ will develop and trial frameworks for compliant tokenisation and investment in autonomous robots and machines Deployment: Physical and virtual sandboxes will enable founders to launch and scale real-world machine-based apps and smart city technologies Investment: – Top DePIN applications on peaq will be connected with forward-looking institutional investors in the region Innovation: A regional hub will support DePIN R&D, ecosystem growth, and direct collaboration with demand-side organisations Among the first innovations to be trialled is a Machine Tokenization framework, lowering the barrier to entry for individuals to co-own high-cost robots — a key component of peaq's 'Machine DeFi' vision. The MEFZ will also host the world's first Universal Basic Ownership (UBO) pilot, distributing machine-generated profits directly to individuals impacted by automation. Till Wendler, co-founder of peaq, said: 'The Machine Economy is no longer a far-fetched dream, it is a reality quickly shaping up before our very eyes. 'peaq makes this transformation work for everyone — and the Emirates, as one of the most innovative nations in the world, is the perfect place to pilot this vision, setting a template and example for the rest of the world.' Alyazi Al Khattal, CEO of Pulsar, said: 'We're honoured to be part of peaq's transformative journey. peaq is redefining what's possible for the future of the Machine Economy. 'By boldly bridging the physical and digital worlds through a decentralised, scalable, and sustainable Layer-1 blockchain, peaq is laying the foundation for a new era of real-world connectivity and autonomy. 'This is more than technology—it's a movement, and we're proud to help shape what comes next.'
Arabian Post
19 hours ago
- Arabian Post
Avalanche Network User Activity Skyrockets in 2025
Avalanche's on‑chain activity has surged dramatically this year, with daily active addresses soaring from around 430,000 in April to approximately 2.2 million in June—a nearly fivefold rebound since early 2025. Boosted by a wave of Web3 gaming projects drawing mass participation, the platform has also processed roughly 5.2 million transactions in the past week—an increase of over 110 % week‑on‑week. Projects such as MapleStory Universe and The Arena have been credited with driving substantial growth, addressing both gaming and DeFi audiences. The immediate spike traces back to April, when daily active addresses bottomed near 430 k before accelerating sharply in May. By early June, daily active wallets exceeded 100,000 on Avalanche's C‑Chain—levels not seen since the 2021 all‑time‑high phase. Token Terminal and Artemis data mirror this trend, showing monthly active wallets ballooning to 2.2 million—a 400 % rise since May. Industry analysts attribute the surge to several factors. User sentiment on Reddit highlights optimism: 'This is only the beginning; we are early. Once Avalanche is tested and proven, it will gain mass adoption. Enjoy the maturation process,' one user posted, reflecting broader confidence in the network's trajectory. Institutional interest is also entering the fray: blockchain analytics firm Wu Blockchain noted that institutional tools like BlackRock's tokenised Treasury products are being adopted on Avalanche's Euler protocol as collateral. ADVERTISEMENT Infrastructure upgrades have complemented growing ecosystem demand. Avalanche has embraced modular Subnet architecture, enabling specialised chains tailored for gaming and niche applications within its ecosystem. This flexibility, combined with low fees and sub‑second finality, is seen as critical in attracting developers and business interest. Yet, despite record‑breaking user activity, AVAX token price has remained subdued. Trading near US $20–$22, the coin is down more than 60 % from its late‑2024 highs. Market watchers interpret this as a classic disconnect: on‑chain metrics up, price down—a potential accumulation window if fundamentals continue to strengthen. Notably, spikes in stablecoin issuance—from about US $1.6 billion to over US $2.1 billion—and rising DeFi usage have complemented the on‑chain resurgence. However, decentralized exchange volumes have not kept pace, with daily DEX transaction volumes dipping despite higher transactional throughput. Experts suggest that continued momentum will hinge on sustaining ecosystem activity and translating it effectively into token utility and value. Infrastructure improvements and new partner integrations—such as FIFA's NFT launch on Avalanche—add further credibility.
Zawya
2 days ago
- Zawya
BingX launches $150mln Shield Fund to set a new benchmark for user protection
UAE, Dubai – BingX, a leading global cryptocurrency exchange and Web3 AI company, has introduced the Shield Fund, a permanent $150 million safety reserve designed to safeguard users against unexpected incidents, including technical vulnerabilities, security risks, or malicious cyber threats on the platform. Unlike conventional insurance models, the Shield Fund is entirely self-funded and always active, enabling BingX to respond swiftly and uphold a high level of security for its users. This initiative underscores BingX's commitment to transparency, accountability, and its unwavering user-first vision. Built with long-term sustainability in mind, the Shield Fund features continuous internal audits and dynamic risk assessments. It offers BingX users an added layer of real-time protection and peace of mind, solidifying BingX's position as a leader in secure and responsible crypto trading. "The launch of the BingX Shield Fund is a strategic extension of our user-first vision. It is not simply a financial safeguard it is a symbol of how we view responsibility at scale," said VivienLin, Chief Product Officer at BingX. "We are reaffirming our commitment to building a secure, transparent, and forward-thinking trading environment. As our platform grows, so does our duty to empower users with tools and systems that ensure confidence, resilience, and long-term trust." Following the implementation of Proof-of-Reserve, the Shield Fund represents the next chapter in BingX's ongoing mission to elevate platform integrity and user protection. Together, these initiatives form a robust foundation for a more transparent, secure, and accountable trading environment. Looking ahead, BingX remains committed to delivering proactive safety measures and pioneering infrastructure innovations to safeguard user interests. About BingX Founded in 2018, BingX is a leading crypto exchange and Web3 AI company, serving a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship. For media inquiries, please contact: media@
