String Metaverse has announced the successful completion of its merger with BIO Green Papers Ltd under the IBC CIRP framework, with trading set to commence on the Bombay Stock Exchange (BSE) under the scrip code 534535 on October 31, 2024.
Key UAE Regulatory Approvals Secured
String Metaverse has secured three critical licenses in the UAE, solidifying its regulatory compliance: an AI License, a Blockchain Node Operator License, and a DEpin License from RAKDAO (Ras Al Khaimah Digital Assets Oasis).
These licenses position String Metaverse to advance will AI-Blockchain services within the UAE market, reinforcing its aim to promote innovation in the digital economy through cutting-edge technology solutions.
All About New AI-Blockchain
As a pioneering Web3 technology company, String Metaverse has introduced an innovative digital framework known as the “Agentic Economy.” This approach leverages AI-powered agents to enable transactions among AI-driven agents and human users.
These self-governing agents utilize cryptocurrencies for secure transactions, facilitating a dynamic, transparent online economy. This framework integrates asset tokenization, AI-generated community content, and smart contracts, allowing AI agents to create and execute these contracts autonomously with cryptocurrency wallets.
Management Commentary on Al-Blockchain Deal
String Metaverse Founder Krishna Mohan highlighted the transformative potential of combining blockchain and artificial intelligence, stating, “The integration of blockchain technology and AI represents a major advancement in digital commerce. By empowering AI agents to autonomously execute secure transactions, we’re creating a framework for more efficient, transparent, and automated digital interactions.”
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