Singapore-based early-stage venture capital firm Farquhar VC has partnered with Asia’s leading Tezos blockchain Incubator, TZ APAC, to support new talent in Asia.

In an announcement, Farquhar VC said it plans to co-invest alongside the Tezos blockchain development team into upcoming Web3 games being built on the blockchain.

Farquhar VC has backed startups works closely with early-stage startups in Southeast Asia and has invested in 40 startups, including firms such as Spark Systems, Fairphonic, and Beep Technologies. The firm will announce the first investment in a Tezos game in the next few weeks, a spokesperson told Cryptonews.

“After recent investments into Game-tech startups such as Lockpick Learning and the EMERGE Group, this partnership is a timely opportunity to enter into the world of Web3 and to partake in its exponential growth,” said Farquhar VC managing partner and chief investment officer Jason Su, said in a press release.

Tezos Blockchain Incubator TZ Apac

Farquhar VC said this partnership with the Tezos blockchain Incubator TZ Apac, will allow the firm to commit financing from existing or upcoming thematic funds into upcoming Web3 game startups and projects that will utilise the Tezos Blockchain.

TZ APAC is a Web3 community for creators and developers, with teams across Asia. TZ APAC nurtures the next generation of Web3 gaming, NFT, and DeFi champions in the region. The projects would receive funding and other support from TZ Apac. The incubator is supported by the Tezos Foundation and headquartered in Singapore, TZ APAC is accelerating Tezos as the blockchain of choice in Asia.

What is Tezos?

Tezos is a blockchain network hosting the associated digital token Tez (XTZ) and facilitates user participation in decentralized finance (DeFi), decentralized applications and non-fungible token (NFT) projects. This latest partnership shows there is interest in the Tezos gaming ecosystem.

It is possible to mint NFTs using Tezos. Creating a Tezos NFT will cost users only a fraction of a tez in transaction fees. Tezos claims that NFTs on Tezos are energy-efficient as well, with a carbon footprint similar to the energy consumption of sending a single tweet.

Singapore Remains a Hub for Innovation

Although Singapore remains a relatively crypto-friendly jurisdiction in Asia. Earlier this month, Singapore’s web3 community voiced a critical need for government support. According to a recent report by The Straits Times, Singaporean firms are specifically looking for help in two key areas: developing a skilled talent pool equipped with blockchain technology expertise and strengthening defenses against cyber threats.

In December, Singapore’s regulatory body the Monetary Authority of Singapore (MAS)  announced plans to begin piloting the digital currency “E-CNY” – also known as the digital yuan, in collaboration with China to encourage tourism spending.

As reported by Cryptonews in 2023, Singapore emerged as the top crypto-friendly destination for crypto millionaires seeking tax-friendly havens to protect their crypto assets.

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In a disheartening turn of events for Call of Duty: Warzone enthusiasts, the battle royale landscape is once again marred by the pervasive presence of hackers. Despite the purported safeguard of the RICOCHET anti-cheat system, the game continues to grapple with an influx of cheaters exploiting various loopholes, leaving the gaming community disillusioned and frustrated.

Viral video exposes ‘Superman’ cheating phenomenon

A recent viral video on social media platforms has shed light on the alarming extent of cheating within Warzone. The footage showcases a player utilizing an illicit exploit to traverse the map with unprecedented speed, reminiscent of the iconic superhero Superman. This bold display undermines the gaming experience’s integrity and places legitimate players at a severe disadvantage.

The dissemination of the ‘Superman’ clip has ignited a wave of discontent among Warzone players, with many taking to online forums to voice their grievances. Commentaries lamenting the inefficacy of the RICOCHET anti-cheat system abound as players express exasperation over the prevalence of cheaters running rampant in the game. 

The proliferation of TikTok accounts peddling cheats further exacerbates the situation, fueling a sense of disillusionment and distrust within the community.

Allegations of anti-cheat system failure and Activision’s response

Amid mounting frustrations, allegations have surfaced suggesting that Activision may have disabled the RICOCHET anti-cheat system altogether. These claims gained traction following reports of prominent streamers falling victim to cheaters equipped with aimbots and other illicit tools. 

The purported disabling of RICOCHET has raised serious concerns regarding the company’s commitment to ensuring fair gameplay and maintaining the integrity of the Warzone experience.

As players grapple with the pervasive threat of cheating, discord within the gaming community continues to escalate. Calls for decisive action from Activision reverberate across social media platforms, with players urging the developer to address the rampant exploitation of vulnerabilities plaguing Warzone.

Navigating the current landscape

In light of the prevailing uncertainty surrounding the efficacy of the anti-cheat measures in Warzone, players are advised to exercise caution and vigilance when engaging in gameplay. The proliferation of cheating exploits underscores the need for a comprehensive and robust anti-cheat infrastructure to detect and deter illicit activities effectively.

While the gaming community awaits official clarification from Activision regarding the status of the RICOCHET anti-cheat system, concerns persist regarding the integrity and fairness of the Warzone experience. 

As players remain vigilant against the looming threat of cheaters, the onus falls on developers to implement proactive measures to restore trust and ensure a level playing field for all participants.

In the interim, Warzone enthusiasts are encouraged to remain informed and vigilant while collectively advocating for the implementation of robust anti-cheat measures to safeguard the integrity of the gaming experience. 

Only through concerted efforts and unwavering dedication to fair play can the Warzone community hope to reclaim its enjoyment of the game free from the specter of cheating.