AWS Collaborates with Immutable to Boost Blockchain Gaming Development

Hi NoRamp Community,

Daily News:

AWS and Immutable Partner

JPMorgan Debuts Tokenized Blackrock Shares

WisdomTree Extends Reach of Prime App

Immutable & AWS:

• Amazon Web Services (AWS) partners with crypto gaming firm Immutable to streamline infrastructure solutions for the emerging crypto gaming industry, making it easier for developers to launch and expand blockchain-based games.

• Immutable joins AWS's ISV Accelerate Program, allowing game developers using the Ethereum-based Immutable X blockchain to access AWS Activate. This program offers technical support, up to $100,000 in AWS credits, and other resources.

• This partnership signifies a major push to cultivate a robust crypto gaming ecosystem, leveraging AWS's infrastructure strength and Immutable’s blockchain gaming knowledge to bring innovative advancements to crypto gaming.

JPMorgan’s Tokenized Collateral Shares:

• JPMorgan successfully executed its first live blockchain-based collateral settlement transaction with BlackRock and Barclays using its Ethereum-based Onyx blockchain and the Tokenized Collateral Network (TCN).

• BlackRock tokenized shares from one of its money market funds, which were then immediately transferred to Barclays as collateral for an OTC (over-the-counter) derivatives trade. The tokenization process was significantly fast and marked a pioneering move for all three firms.

• JPMorgan's Onyx Digital Assets offers clients intraday liquidity through repo transactions. With the TCN, clients can rapidly tokenize money market fund shares as collateral, streamlining the margin requirement process and reducing operational challenges.

WisdomTree Expands Prime App:

• WisdomTree, a $94 billion asset manager, has expanded its "blockchain-enabled" consumer app, WisdomTree Prime, to 11 more states, with aspirations to cover the majority of the US by the end of 2023. The app initially launched in 21 states in July.

• The platform currently offers nine digital funds recorded on the Stellar or Ethereum blockchains, as well as tokens like bitcoin and ether. WisdomTree is working on introducing new features such as debit card connectivity, peer-to-peer capabilities, and more funding choices.

• Amidst rising interest rates, there's a growing consumer interest in diversified saving, spending, and investment solutions. The app includes index products that track US Treasury obligations, becoming more appealing as the Federal Reserve increases interest rates. Similar tokenized investment opportunities focused on US Treasury yields have been on the rise this year.

NoRamp:

NoRamp is building Web2’s favorite Web3 apps on our lightning-fast payment infra. Join our discord, dive into our our docs, or check out our website to learn more.

If you’ve read this far and haven’t yet subscribed, you probably should here.

Proof of Work Podcast:

We’ve also chatted with the Cameo Founder Steven Galanis along with the Upfluence Co-CEO Vivien Garnès. Check them out.