Crypto.com To Establish New Lab To Focus On Blockchain, Web3, and AI Projects

Key Points:

• Crypto.com is set to open its first Global Innovation Lab in Singapore, focused on exploring blockchain technology, Web3, and AI.
• The lab will collaborate with strategic partners to experiment with frontier technologies and promote ethical practices in the digital assets market.
• Recently, Crypto.com gained registration from the Bank of Spain as a Virtual Asset Service Provider, enabling them to offer their services to Spanish users.

Bitcoin exchange Crypto.com will open its first Global Innovation Lab in Singapore, focusing on blockchain technology, Web3, and artificial intelligence (AI).

According to a press statement, the Singapore-based company’s Global Innovation Lab will aggressively experiment with frontier technologies, explore new businesses with strategic partners and hackathons, and find unique applications for blockchain, Web3, and AI.

According to Prash Pandit, Senior Vice President of Product and Innovation at Crypto.com:

“The power of Web3 and blockchain technology is only starting to be realized, and now with the adoption of AI and its convergence with crypto, we have even more of a frontier to explore. We are incredibly excited to pursue this through our Global Innovation Lab with a new team of top talent that shares our vision.”

The Global Innovation Lab will capitalize on Singapore’s strengths as a tech-driven city-state as well as a major global financial center to accelerate the growth of the fledgling digital asset market in an innovative and ethical way.

The lab will also be completely devoted to contributing to the market’s thriving FinTech and Web3 ecosystems, especially Singapore’s local talent pool. As a following step, Crypto.com will form a new staff entirely devoted to the Lab, with more jobs to be created in the future.

The exchange unveiled the idea at the Point Zero Conference in Switzerland. The Swiss State Secretariat for International Finance and Elevandi, a not-for-profit organization established by the Monetary Authority of Singapore (MAS) for companies and policymakers to share ideas and insights in the fintech industry in Singapore and abroad, are co-organizing the conference.

As Coincu reported, Crypto.com announced that it had gained Virtual Asset Service Provider (VASP) registration from the Bank of Spain. Due to this registration, it will be able to provide a wide range of products and services to Spanish users.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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