Blockchain Association Singapore Announces Strategic Partnership with Crypto.com to Drive Blockchain Innovation


  • BAS and Crypto.com will work together to drive cooperation in the non – fungible token space and drive innovation in of Singapore blockchain ecosystem

  • Crypto.com will launch Blockchain For Good 2022 – the charity campaign that is part of Singapore Blockchain Week 2022

SINGAPORE, May 11, 2022 / PRNewswire / – Blockchain Association Singapore (BAS) today announced a strategic partnership with Crypto.com, by signing a Memorandum of Understanding (MOU). Through this strategic partnership, BAS and Crypto.com will work together to advance the work of both parties in the Non-Fungible Token (NFT) ecosystem. BAS and Crypto.com will also seek to leverage the network and mutual experience to facilitate a broader understanding of the ever-evolving NFT landscape, while fostering a broader collaboration in this space.

As part of the strategic partnership, Crypto.com will be promoting the second edition of the NFT charity auction event, Blockchain for Good. Blockchain for Good is an initiative launched by the NTUC-U Care Fund and BAS to raise funds for a variety of assistance programs, including grants to support the cost of living for needy families, school expenses for low-income youth, and care for the elderly. Last year, more than S $ 400,000 was raised through the initiative, exceeding the original target of S $ 250,000. All donations raised will be used to support various U Care Fund assistance programs.

The auction, available to participants Singaporewill take place in July 2022 using the Crypto.com NFT market.

“We are honored to partner with Crypto.com for the advancement and defense of NFTs,” Mr. Chia Hock Lai, Co-Chair of BAS. “The influence and prominence of NFTs continues to increase significantly, especially in everything Asia. A recent survey[1] conducted in 20 countries found that the highest NFT adoption rates were in Asia. The study found that Philippines has the highest proportion of NFT owners (32%), followed by Thailand (27%), Malaysia (24%), United Arab Emirates (23%) and Vietnam (17%). Acceptance and trend towards NFT ownership has been on the rise in recent years and we hope this continues. BAS is committed to continuing to educate the public about this emerging technology along with Crypto.com. “

“We are excited to partner with BAS not only to advance NFTs in the marketplace, but also to further leverage the positive impact that NFTs and the entire cryptographic ecosystem can have on our communities,” he said. Eric Anziani, Chief Operating Officer at Crypto.com. “By partnering with BAS on this important initiative, we will be able to maximize our efforts while continuing to build this technology for a highly committed regional population.”

Deputy Director General of the NTUC Zainal Saparioverseeing the NTUC-U Care Fund, said: “We look forward to working with BAS once again as part of our fundraising efforts to help low-income members and their families. This is our second year at auction. NFT, this time with the experience in Crypto.com domains In the midst of a vibrant NFT market that has grown by leaps and bounds in the last year, I hope more companies and individuals come together to support this fundraising effort. for a worthy cause. “

BAS was created to facilitate collaboration between market participants and stakeholders in the Blockchain ecosystem. The partnership is an effective platform for members to engage with multiple stakeholders to find solutions to problems and promote best practices in a collaborative, open and transparent manner.

Blockchain For Good is taking place as part of Singapore Blockchain Week 2022. The hybrid event will provide unique face-to-face and digital engagements for attendees and attendees. The anchor summit, including conferences and exhibitions, will be held July 26th and 27. BAS will also coordinate a number of other accredited events, such as hackathons on July 25th and a crawl of innovation lab, race fair, workshops and other joint events July 28th and 29. Supported by of Singapore leading government agencies, industry leaders around the world will converge to of Singapore main blockchain event.

About Blockchain Association Singapore

The Blockchain Association Singapore (BAS) seeks to empower its members and the community to leverage blockchain and scalable technologies for business growth and transformation.

The Association is designed to be an effective platform for members to engage with multiple stakeholders, both regional and international, to discover solutions and promote best practices in a collaborative, open and transparent manner. It aims to promote blockchain literacy and build a strong talent portfolio for the digital economy Singapore.

For more information, visit: https://singaporeblockchain.org

About Crypto.com

Founded in 2016, Crypto.com serves more than 50 million customers with more than 5,000 people in offices across the Americas, Europe e Asia, and is the fastest growing cryptocurrency platform in the world. Our approach is simple: Cryptocurrency in Every Wallet ™. Built on a foundation of security, privacy and compliance, Crypto.com is committed to accelerating the adoption of cryptocurrency and empowering the next generation of builders, creators and entrepreneurs to develop a fairer and more equitable digital ecosystem. More information at https://crypto.com.

[1] NFT Global Adoption Report, Finder.com, November 23, 2021

SOURCE Blockchain Association Singapore



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