Plug and Play Launches Digital Asset Vertical Business: Expands to Paris for Web3 Applications

According to reports, the digital asset vertical business of the global innovation platform Plug and Play was launched in Silicon Valley in November 2022, with founding partners including Visa, Franklin Templeton, AllianceBlock, INX, and IGT. The business will now expand to Paris, France. This project aims to help consumer businesses, retailers, and brands transition from Web2 to Web3, introduce them to the full functionality of blockchain technology, and introduce them to customized partnerships. The Paris project on encryption and digital assets will focus on Web3 applications for consumer enterprises.

Plug and Play Digital Asset Business to Expand to Paris

As we approach the end of 2022, the global innovation platform Plug and Play is making waves with its new digital asset vertical business. This exciting project, launched in Silicon Valley last November, boasts impressive founding partners in Visa, Franklin Templeton, AllianceBlock, INX, and IGT. Now, the business is expanding to Paris, France, with a focus on Web3 applications for consumer enterprises.

The Digital Asset Vertical Business of Plug and Play

The digital asset vertical business of Plug and Play is a new initiative aimed at helping consumer businesses, retailers, and brands transition from Web2 to Web3. The project intends to introduce these businesses to the full functionality of blockchain technology and encourage customized partnerships.
This initiative is set up to facilitate the adoption of digital assets and emerging technologies such as distributed ledger technology, tokenization, and decentralized finance. It aims to accelerate the digital transformation of consumer enterprises and enable them to access new revenue streams while optimizing their operations.

Founding Partners of the Digital Asset Vertical Business

The founding partners of this project are Visa, Franklin Templeton, AllianceBlock, INX, and IGT. These industry leaders are committed to exploring new solutions for digital assets and improving the adoption of blockchain technologies.
Visa, for instance, has been actively exploring blockchain as a potential tool for enhancing financial services. Franklin Templeton, a major investment management firm, is also exploring digital assets as an investment class. AllianceBlock is a decentralized finance platform working to connect traditional and decentralized finance. INX is a blockchain-based platform that offers a range of digital asset services, from trading to IPOs, and IGT is a leading multinational gaming company that is exploring blockchain solutions to revolutionize the industry.

Expanding to Paris for Web3 Applications

Plug and Play is now expanding its digital asset vertical business to Paris, France, where it will focus on Web3 applications for consumer enterprises. This new endeavor is in line with the project’s aim of accelerating the digital transformation of consumer enterprises.
The Paris project on encryption and digital assets intends to provide a comprehensive overview of Web3 applications, covering blockchain technology, digital assets, and decentralized finance. The initiative seeks to enable consumer enterprises to leverage the opportunities presented by this new and transformative technology in a customized and collaborative manner.
Expanding to Paris is a significant move by Plug and Play, given that France is at the forefront of digital asset innovation in Europe. The country has recently made significant investments in blockchain technology and digital assets, particularly through its PACTE Law.

Conclusion

Plug and Play’s digital asset vertical business is an exciting development for both the blockchain and the consumer enterprise industries. Its founding partners and expansion to Paris demonstrate its potential to unlock new opportunities in the global economy. The project’s focus on customized partnerships and customized Web3 applications for consumer businesses will undoubtedly accelerate the adoption of blockchain technology and digital assets in consumer enterprises.

FAQs

1. What is Plug and Play’s digital asset vertical business?
Plug and Play’s digital asset vertical business is a new initiative focused on helping consumer businesses, retailers, and brands transition from Web2 to Web3, introduce them to the full functionality of blockchain technology, and facilitate customized partnerships.
2. Who are the founding partners of Plug and Play’s digital asset vertical business?
The founding partners of Plug and Play’s digital asset vertical business include Visa, Franklin Templeton, AllianceBlock, INX, and IGT.
3. What is the Paris project on encryption and digital assets?
The Paris project on encryption and digital assets is an initiative by Plug and Play’s digital asset vertical business that aims to provide a comprehensive overview of Web3 applications, covering blockchain technology, digital assets, and decentralized finance. It is focused on providing customized solutions for consumer enterprises in France.