E Money Network: Highlights of July 2024

Hello everyone!

The month of July just whizzed by because we were so busy doing a great many exciting things at E Money Network. We entered into partnerships, organised online events and launched cool new product upgrades. Here’s a rundown of all that we achieved in July 2024 -

1. $2 million Grant Program for Developers — E Money Network announced a $2 million grant program to spearhead development in the RWA space. Developers with ideas for disruptive RWA applications on the E Money Network can avail financial grants ranging from $5000 to $50000 and even more for bringing their ideas to life. More information about the grant program can be read here.
2. E Money Wallet Introduced WalletConnect Feature — E Money Wallet rolled out one of its much-awaited features — WalletConnect! This feature enables users to connect their E Money Wallet to any dApp and use it for storing, sending and receiving digital assets within dApps. Now, E Money Wallet is the only wallet that users need for traversing the cryptoverse with ease and efficiency. You can read more about using this feature here.
3. ETH Staking on E Money Wallet — E Money Network, in partnership with Chorus One, integrated ETH staking into the E Money Wallet. Now users can stake their ETH with E Money Wallet and earn up to 3.27% APR. The staking and unstaking processes take only a few minutes. You can read more about ETH staking on E Money Wallet here.
4. Detailed Security Audit Report from Blaize Audit — E Money Network received a detailed security audit report from Blaize Security. The report included review of standard vulnerable areas, protocol specific checks, smart contract security audit and the overall audit result. E Money Network scored an impressive 9.3 out of 10 on the report! You can check out the entire report here.
5. Partnership with Music Protocol — E Money Network partnered with Music Protocol, a platform for tokenising music rights and royalties on the blockchain. With this partnership, Music Protocol and E Money Network aim to streamline the management of rights and royalties in the music industry, and empower upcoming new creators with innovative blockchain-powered solutions.
6. X Spaces Session with Music Protocol CEO Sergio Mottola — E Money Network CEO Raj Bagadi participated in an X Spaces session on the topic “Future of RWAs’’ with Music Protocol CEO Sergio Mottola. They talked about the role of RWAs in increasing the TVL of Web3, challenges of RWA tokenisation, how Web3 could ensure compliance with regulatory requirements and more. You can listen to the entire recording here.
7. Partnership with Sheertopia — E Money Network recently partnered with Sheertopia, a play-to-earn NFT game blending engaging gameplay with blockchain technology for a unique, immersive experience. With this partnership, Sheertopia will integrate E Money Network’s native wallet, the E Money Wallet, to securely store, transfer, and manage their digital assets, including their in-game NFTs. You can read more about the partnership here.
8. E Money Wallet Listed on Magic Store — E Money Wallet got listed on Magic Store, a leading Web3 app store that helps users discover promising projects in the Web3 space.
9. E Money Network CEO Raj Bagadi Wrote on MiCA Regulations — E Money Network CEO Raj Bagadi expressed his thoughts on the recently implemented Markets in Crypto Assets (MiCA) regulations. He wrote about the likely impact of MiCA regulations and shared suggestions on what crypto projects could do to become MiCA compliant in this article on NewsBTC — https://www.newsbtc.com/news/company/micar-ushering-in-a-new-era-of-stability-and-security-for-europe/.
10. X Spaces Session with Frens Syndicate — E Money Network CEO Raj Bagadi participated in an X Spaces session on “Overcoming bottlenecks in the tokenisation space” with industry leaders. The session saw participation from CEOs and other top-level executives from pioneering RWA projects including Briccken, Giants Planet, Redbelly Network, Polytrade app and Zoth. You can listen to the entire discussion here.
11. Partnership with EleveX — E Money Network partnered with EleveX, a cutting-edge RWA exchange platform. With this partnership, EleveX will integrate the E Money Wallet upon its launch and enable users to trade RWA assets securely and seamlessly while adhering to compliance requirements.
12. E Money Wallet Integrated Redbelly Network Testnet — The E Money Wallet integrated the Redbelly Network testnet to enable users to experience the platform’s capabilities in the testnet environment. Redbelly Network is a regulated public Real-World Asset (RWA) network designed to drive compliant asset tokenisation (CAT). This integration will contribute to bringing billions of dollars worth of RWAs on to Redbelly Network’s chain. You can read more about this integration here.
13. E Money Wallet Integrated Xend Finance’s Asset Chain Testnet — The E Money Network integrated Xend Finance’s Asset Chain testnet, enabling users to perform testnet activities in a secure environment. Xend Finance is a universal framework and blockchain for worldwide asset tokenization and on-chain management. This integration will aid in empowering the +70k Xend Finance community. You can read more about the integration here.
14. Partnership with Sharpe AI — E Money Network partnered with Sharpe AI, an AI-powered crypto super app designed for crypto intelligence and execution. In this partnership, Sharpe AI will integrate the compliance-driven E Money Wallet in their ecosystem to enable their users to navigate the Web3 landscape seamlessly. You can read more about the partnership here.
15. Introduced Real World Alpha Chats — E Money Network recently introduced Real World Alpha Chats, a talk show focused on insightful discussions around #RWAs with industry leaders and experts, developers, enthusiasts, The first Real World Alpha Chats session will happen soon. Stay tuned and keep checking our X handle for more updates!

This is all for now. We are grateful to all of you for keeping us motivated to achieve our goals and do a lot more in July 2024. We hope to be equally productive, if not more in July 2024. We will keep updating you with the developments happening at our end. So, keep following us on our social media handles, and keep checking this space!