CEBU, Philippines - \[09. 07. 2024] - The highly awaited Universal Tech Expo 2024 will be held on August 23-24, 2024 at NUSTAR Convention Centre Cebu, Philippines. It is to be noted that this is the first of its kind, where people across the globe, especially from the field of Blockchain, Fintech, eSports, eGames, Cybersecurity enthusiasts, developers, and thinkers, will have a platform to showcase their thoughts and ideas.

The Universal Tech Expo 2024 is all set to become a nominal event that is scheduled to change the overall landscape of technology. This they claim is because they are excited to bring this event to Cebu which is one of the fastest-growing hubs of innovation in digital technology in South East Asia and the second hope is to create a platform where there is idea sharing, showcasing of new technologies and formation of partnership.

This two-day program will also include notable guest speaking presentations, moderated panel discussions with speakers, and engaging workshops to bring the audience innovative and useful knowledge in addition to providing the audience with essential networking affairs and granting them the experience of interacting with innovative technology. Attendees can look forward to exploring the following tracks:

* Blockchain Revolution: Get the newest trends in blockchain such as distribution of the power, smart contracts, and new types of cryptocurrencies.
* Fintech Innovations: Investigate the world of finance and tech by discovering digital banking innovations, new payment methods, and fintech’s vision for the future.
* eSports Arena: Delve deep into eSports and be part of the different aspects in the realm of competitive gaming, group dynamics, and the emerging eSports entertainment business.
* eGames Evolution: Know the evolution of electronic games, new trends involving game designing, development, and virtual gaming, and the consequences of gaming in today's culture.
* Cybersecurity Frontiers: Get acquainted with the key concepts of cybersecurity, learn how to protect against cyber threats, preserve data confidentiality, and advance in terms of the employed security measures and solutions.

Also, to the fascinating program, the Universal Tech Expo 2024 will include an epic afterparty that will give attendees the additional chance to socialize and build long-lasting cooperation within the tech sphere.

To register for the Universal Tech Expo 2024 or learn more about sponsorship and partnership opportunities, please visit the [official website](https://www.universal-tech-expo.com/).

**About Universal Tech Expo:**

The Universal Tech Expo is a premier technology event that celebrates the latest advancements in Blockchain, Fintech, eSports, eGames, and Cybersecurity. Held annually in Cebu, Philippines, the expo aims to inspire and catalyze innovation within the global tech community.


Two days. Five tracks. Countless opportunities!  That's what awaits you at the #NUSTAR Convention Centre! Mark your calendars for August 23-24, 2024, because the Universal Tech Expo is about to blow your mind!

Spotlight on Universal Tech Expo 2024 

## Introduction:

New platforms that have been developed have taken the gaming experience and perception to a new level; it enables players with the opportunity and resources to earn tangible rewards for virtual activities.

Gaming on the blockchain through NFTs has become popular in the crypto and blockchain space with the hope that gaming will not only be an entertainment activity but also a path to people’s financial inclusion. These games incorporate the characteristics of NFT where players can buy, sell, or perhaps earn profits on their avatars or objects within the video games and most of them are as genuine as physical currencies.

## The Allure of NFT Games: Earning Potential and Ownership

At the center of of NFT games is the idea of true owning a piece or an asset in a virtual gamified world. In contrast to the MMORPGs where players are simply given the rights to play and virtual items or property are assigned to them, NFT games allow users to possess full control and prove the ownership of the assets they use in the game. These comprise characters with scarcity factors, weapons with OP power that are scarce, or virtual land plots that are limited, and can be traded, sold, or even mortgaged and utilized in decentralized financial (DeFi) platforms.

This inclusion of different owners in the process has opened the door to a great earning possibility for the right mind. NFTs have further skyrocketed a gamer’s ability to get paid based on the value of the virtual collectibles, and how they acquire, improve, and sell these assets, gamers can make a lot of money from the hobby or possibly establish a career out of gaming.

## The Best P2E Games: How to Earn

![Image by FreePik](img/online-games-concept-illustration-with-boy_23-2148526141.jpg "Image by FreePik")

Image by FreePik\
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If we are to look on the progression of NFT games specifically for this field of earning, there are games that took the helm when it comes to overall gains. Here are some of the best NFT games to consider for your wealth-building journey:

[Axie Infinity:](https://axieinfinity.com/)

[Axie Infinity](https://axieinfinity.com/) is one of the first digital NFT games to appear in the crypto space, which makes it quite popular. In this magical place, players raise, develop, and fight equal Axies, which are adorable digital pets with their own NFT tokens. To get earnings in SLP token in the game, players need to complete quests, win battles or breed new Axies of game and then convert those tokens to any other cryptocurrencies and fiat currency.

[The Sandbox:](https://www.sandbox.game/en/)

[The Sandbox](https://www.sandbox.game/en/) is an Open-Ended Virtual game platform where players have the opportunity to build, own, and sell games for sandbox dollars using SAND. This metaverse is the place where people wishing to buy land plots could purchase them as non-fungible tokens, create their own buildings according to their preferences, and organize games, and other activities. A player can rent out virtual properties, host events or sell creations that they have developed to make the game generate some form of income.

[Decentraland:](https://decentraland.org/)

Another outstanding example of a metaverse is [Decentraland](https://decentraland.org/), where you can purchase, sell, and build various properties similar to land as LAND tokens. Users can navigate it, engage with other people and generate their own unique and interactive content within this metaverse or this universe. Gamification advantages include the users’ ability to turn their pieces of land into active business tools for creating revenue-generating applications and involving them in a variety of digital asset trading environments.

[Gods Unchained:](https://godsunchained.com/)

[Gods Unchained](https://godsunchained.com/) is a card game of strategy that is based on the Ethereum platform of blockchain technology. Fans can acquire, swap, and even fight with other players using a set of distinctively NFTs-backed cards that are globally unique and share a number of physical and even behavioral traits characteristic of actual cards. Through special interactions, players gain in-game rewards to be exchanged for the native token called GODS then to the cryptocurrencies or membership fees.

[Splinterlands:](https://splinterlands.com/)

[Splinterlands](https://splinterlands.com/) is another game, whose idea is based on the collection of cards and the use of blockchain technology. The latter can buy, rent, or fight with other characters or items across card games by using NFT-based cards. Battling with others also results in the acquisition of DEC from the platform which can be sold for bitcoins, ethereum, or other bitcoin’s equivalent money as per market demand.

Investing in NFT games or any income-generating opportunity should not be done haphazardly if the business wants to enjoy long-lasting success. Here are some key strategies to consider:

### Research and Diversification:

To do this, conduct extensive research on the selected NFT game ecosystems, compare their technology, and analyze their feasibility for development and profitability. The strategic move is to invest in a number of promising NFT games so that you do not tie your money to one particular platform.

### Asset Management and Trading:

Keep track of all in-game currencies, equipment, and others, always admiring them and, at the same time, increasing control of their efficiency. Avoid blind purchasing of expensive NFTs and focus on how to, move up, or down the value chain to get the best earnings. One of the good practices is to stay abreast with the most current trends in the NFT gaming market to make the right traders.

### Skill Development and Gameplay:

Spend time and learn the general rules of the different NFT games that you would like to play. Build your capabilities to enhance the possibility of grabbing in-game contests, gaining prizes, and generate more passive income opportunities through different ways like leasing out your virtual things.

### Community Engagement and Networking:

Engage with the communities focused on the NFT games you are already playing or planning to play. Easy communication with other players, getting information and trends in the business. By developing relationship with others you can get access to potential clients and other opportunities such as investment or partnership information that may provide you with the competitive advantage in the market.

### Long-Term Mindset and Patience:

To give you a quick idea, it is wise to have a long-term perspective when getting involved in NFT gaming projects. More so, it has been seen that the most successful investors in this space have had the time patience, unrelenting, and hard work to wait for the market to swing back into its profitable forms. Do not make haste decisions that may jeopardize their investments and instead aim at creating a portfolio that is well balanced and would be able to cope with the fluctuations that are common with new generation investments such as the crypto and the NFTs.

## The Future of Wealth Creation in the NFT Gaming Ecosystem

![Image By FreePik](img/console-gamepad-hitech-technology-live-gaming-service-video-gaming-controller-joystick-with-buttons-joypad-gamers-peripheral-input-device-vector-isolated-concept-metaphor-illustration_335657-4310.jpg "Image By FreePik")

Image By FreePik\
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As development in the utilization of blockchain progresses and with the advancement of the metaverse, there is a chance that the ecosystem of NFT games will be able for wealth generation to achieve new heights. Using such apps is not only revolutionizing the gaming experience of people but also allowing every fan of games to turn his hobby into a working capital.

Hence, one stands to become an early adopter and market leader by taking advantage of the abilities offered by NFT games with the aim of influencing the upside-down trend of the potential earning revolution through financial freedom. Looking at the long-term prospects of the sector, which is gradually moving towards greater integration with new technologies, one can confidently assume that there will be good prospects for creating wealth based on NFT gaming in the future.

Therefore, for any gamers and especially for any users who are becoming acquainted with the crypto and blockchain sphere, the world of NFT games is an inviting opportunity in essence to further expand the horizons of ownership rights and the opportunities for the players as well as the ways to generate wealth. So here it goes, ladies and gentlemen, set sail for this modern-day treasure hunt, where game and blockchain technology, must provide a brand-new wardrobe for your money.

Wanna Get Paid to the Game? Unlock Crypto Riches Through NFT Gaming!

Crypto Gaming Revolution: Strategies for Turning Fun into Funds

“'Where Innovation Meets Adoption' shows that Coinfest Asia will be a meeting place for
connected industry and retail and will be able to increase wider adoption of Web3. Not only that, this event can also be an opportunity for the industry to expand its ecosystem in the Asian region, which is starting to be crypto-friendly, and an opportunity for retail to find quality Web3 projects," said Felita Setiawan, Director of Indonesia Crypto Network, the parent company of Coinfest Asia.

"Where Innovation Meets Adoption highlights Coinfest Asia as a convergence point for the industry and retail, enabling and accelerating the widespread adoption of Web3. Coinfest Asia also presents a unique opportunity for industry leaders to expand their ecosystems in the crypto-accepting regions of Asia, and for retail investors to explore top-tier Web3 projects," said Felita Setiawan, Director of Indonesia Crypto Network, the parent company of Coinfest Asia.

Coinfest Asia is expected to attract more than 6.000 participants from around the world, with the presence of more than 150 leading figures in the global Web3 ecosystem.

**CEO of Aptos to Founder of TRON at Coinfest Asia 2024**

![](img/coinfest-asia-speakers-lineup.png)

Among the prominent speakers who will grace Coinfest Asia 2024 are Mo Shaikh (Co-founder and CEO of Aptos), Wei Zhou (CEO of Coins.ph), Oleg Fomenko (Co-founder of Sweat Economy), and Justin Sun (Founder of Tron).
Other industry figures also enliven this event, namely Amanda Cassatt (Founder and CEO of Serotonin), Alexander Svanevik (CEO of Nansen), Yat Siu (Founder and Executive Chairman of Animoca Brands), Kenny Li (Founder of Manta Network), Raks Sondhi (Chief Operating Officer at Upbit Singapore), and Saad Ahmed (Head of Asia Pacific at Gemini).
They will share their views and experiences in various interesting discussion panels covering topics such as RWA, DePIN, AI & ML, and many more.

Coinfest Asia 2024 promises a different experience with various exploration areas as follows:

● Main Stage: A place where Web3 industry figures provide the latest insights and thinking
through keynotes, panels, and engaging presentations.

● Alpha Sessions: An area to discover promising crypto projects, as well as participate in
competitions with attractive prizes of up to tens of thousands of USD.

● ETH SEA : A place for developers to gain deep insight into Ethereum Web3
technologies, featuring a hackathon for developers. ETH SEA will be held at Builders
Hut.

● Bull Area: An opportunity to connect with Web3 industry leaders and forge beneficial
partnerships.

● Breakout Area: A place where participants can connect and discuss directly with
Coinfest Asia speakers.

● Trading Competition: Coinfest Asia is holding a trading competition that will collaborate
with leading crypto exchanges and give participants the opportunity to win prizes of
thousands of thousands of US dollars.

Apart from that, Coinfest Asia 2024 also offers dozens of supporting events, including the
Indonesian Blockchain Conference organized by the Indonesian Blockchain Association.
Coinfest Asia 2024 event is supported by Aptos, Google Cloud, Ripple, Tokocrypto, Triv,
Cloudmile, Nettensor, FMCPay, Bitget, Bitwyre, and many more. Opportunities to become a sponsor are still open; send your inquiries through Coinfest Asia sponsor page. Currently,
[Coinfest Asia](https://coinfest.asia/get-involved/sponsorship) is still opening early bird tickets which will run out soon, so what are you waiting for? Buy Coinfest Asia [tickets](https://ticket.coinfest.asia/) now!

The largest Web3 festival in Asia, Coinfest Asia, will soon be coming to Nuanu City, Bali, on 22-23 August 2024. The third edition of this festival has a focus on making Web3 adoption in Asia grow by carrying the slogan "Where Innovation Meets Adoption."

Coinfest Asia 2024 Confirms Attendance of World's Top Web3 Figures

The DARE Bill 2023 expands the definition and list of digital asset business activities and
includes robust consumer and investor protection, risk management, and market innovation and
development provisions. The Bill strengthens financial and reporting requirements for digital asset
businesses and requirements related to: 

1. custody and custodial wallet services; 
2. operating a digital asset exchange; 
3. providing advice on and management of digital assets; 
4. provision of staking services;
5. a comprehensive approach to the regulation of stablecoins. 

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The Bill aims to become effective in The Bahamas by the end of Q2 2023.

> “I am pleased to present for consultation the Digital Asset and Registered Exchanges Bill 2023, which will
> modernize and strengthen requirements for conducting digital asset businesses in The Bahamas, and for
> the protection of consumers, investors, and the markets,” said Ms. Christina Rolle, Executive Director of
> the Securities Commission of The Bahamas. “We invite the public to respond to this consultation process
> as we seek to develop and expand the legislative framework. Once passed, DARE 2023 will be among the
> most advanced pieces of digital asset-legislation in the world and will align with The Bahamas’
> commitment to facilitating development and innovation in a well-regulated environment.”

## \
Review of the DARE Act 2020

The Securities Commission of The Bahamas has continually sought industry feedback, internal reviews,
and international assessments of the DARE Act 2020. Additionally, the Commission’s continuous
monitoring of the digital asset sector reflects a comprehensive and proactive approach that includes the
ongoing evaluation of international regulatory advancements as well as benchmarking the DARE Act 2020,
with comparable frameworks from jurisdictions such as the European Union, Hong Kong and New York,
USA.

`In April 2022, the Commission began consolidating its ongoing review of the DARE Act for the purposes of addressing any legislative gaps, ambiguities, and procedural concerns within the legislation. The Commission engaged the international law firm Hogan Lovells to draft the new Digital Assets and Registered Exchanges Bill 2023 (the DARE Bill), and will continue to collaborate with them in the consultation process until the amendments are complete.`\
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The revisions are designed to minimize systemic and contagion risks. The amendments strengthen the
protection mechanisms such as new disclosure and reporting requirements, specific registration
obligations, and enhanced ongoing supervision for operators in the digital asset space. The proposed
enhancements to the DARE legal framework allow room for digital asset businesses to innovate as the space continues to evolve and provides the flexibility for the Commission to prescribe additional rules applicable to digital asset exchanges and bespoke requirements for different categories of registrants.

## Highlights of the DARE Bill 2023

The Digital Assets and Registered Exchanges Bill 2023 will establish new regulatory frameworks to ensure
the Bahamian legislative regime is current, proactive, and compliant with international standards and best
practices.

1. **Digital Asset Business Activities Expanded**\

   The DARE Bill 2023 will capture a wider range of digital asset activities relative to international
   standards. Examples include providing advice on, or the management of digital assets, providing
   digital assets derivative services, providing DLT network node services, and providing staking
   services. The Bill provides the ability for the Commission to prescribe additional activities as
   digital asset businesses, as necessary.
2. **Operating Digital Asset Exchanges**\

   Operators of a digital asset exchange must ensure the systems and controls used in its activities
   are adequate and appropriate for the scale and nature of its business.
3. **Custody of digital assets or custodial wallet services**\

   The DARE Bill provides a robust approach to protecting client interests and custody or wallet
   service providers’ ability to return client assets, maintain procedures to ensure continued
   safekeeping and accessibility of digital assets, and make the required client disclosures.
4. **Staking**\

   This is a first-of-its-kind, dedicated disclosure regime that captures the activity of the staking of
   digital assets belonging to clients or the operation or management of a staking pool as a business.
5. **Issuers of Digital Assets**\

   A voluntary registration regime will be established for persons who issue digital assets from
   outside of The Bahamas to persons outside of The Bahamas or otherwise not in scope of the issuer
   requirements under the DARE Bill 2023. The Commission will keep a register of initial token
   offerings containing specified information.
6. **Stablecoin Issuers**\

   The DARE Bill 2023 establishes a new and comprehensive regulatory framework for stablecoins.
   The amendments provide a clear definition for stablecoins, provide for the registration of existing
   stablecoins, specify acceptable forms of reserve assets and establish new requirements for
   custody and management, segregation, reporting and redemption of reserve assets.
   The issuance of algorithmic stablecoins is expressly prohibited.
7. **Guardrails and other aspects of the DARE Bill 2023**\

   Non-fungible tokens (NFTs) are categorised between whether they are financial or consumer
   assets, with financial NFTs now falling within the scope of regulation.
   \
   Liquidity requirements and reporting are addressed with flexibility for additional requirements by
   the Commission.
   \
   Standards for addressing conflicts of interest and/or connected third party relationships are
   established.
   \
   The new Bill provides certain restrictions on proof of work mining of digital assets in or from within
   The Bahamas.
   The issuance of privacy tokens is prohibited.

The public is invited to provide feedback on the DARE Bill 2023. The public consultation will run from
Tuesday 25 April 2023 through Wednesday 31 May 2023. The public consultation documents are available on the Securities Commission of The Bahamas website [www.scb.gov.bs/legislative-framework/consultation-documents](www.scb.gov.bs/legislative-framework/consultation-documents). Interested parties may submit their comments via email to [DAREconsultation@scb.gov.bs](DAREconsultation@scb.gov.bs) indicating “Public Consultation” in the subject line. Where feedback relates
to specific sections of the Bill, these should be identified (e.g. Section 2(a)(i)). Reviewing comments
without these references may lead to misinterpretation of the comments. **All feedback must be received
by 31 May 2023.**

Nassau, The Bahamas, Tuesday 25 April 2023 – The Securities Commission of The Bahamas (the Commission) today published the Digital Assets and Registered Exchanges (DARE) Bill 2023 for consultation.

Securities Commission of The Bahamas Opens Consultation Period  for DARE Bill 2023

Securities Commission of The Bahamas Opens Consultation Period for DARE Bill 2023

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