Breaking News
Meitu’s Frank Fu invests $2 million in MyDFS fantasy sports
Frank Fu, managing director at Chinese technology company Meitu has invested $2 million into MyDFS, the company that hopes to change how fans play online daily fantasy sports through blockchain technology and smart contracts.
The platform supports multiple sports and allows people to invest not only in the games, teams, and players, but also in other pro MyDFS players to earn a share of their winnings.
An inevitable union
Fu also joins the company as an advisor saying, “The union of gaming and blockchain is inevitable. Encrypted blockchain guarantees safe storage of all in-game digital assets, what makes the data transparent to the core. Smart contracts exclude third party from payment process and make transactions fast and safe. This is the new in-game economy.”
“When we are using backend proprietary systems, the line between what’s real and what is not becomes blurred, and players take on more risk. Whenever a game invites players to buy items with their money, the game also inevitably invites payment fraud. Blockchain technology is the solution we are all looking for, due to the decentralized network and capability to record each transaction to combat fraud. That actually can trigger the game’s industry next evolution.”
- EXCLUSIVE: “Staying Real” – Ramon Caracas and Debra LePage, Payment Spayce in ‘The Paytech Magazine’ Read more
- AutoRek & Microsoft: Building Resilient & Compliant Finance Infrastructure Read more
- From Zero to 12 Million Customers. A Decade-Long Partnership of GoTyme Bank and BPC Drives South African Digital Adoption Read more
- Africa’s Crypto Market Matures: Fraud Rates Drop by 28% – New Sumsub Report Read more
- SymphonyAI AI Platforms Deployed for Compliance Environment at Munich Re Read more
From Zero to 12 Million Customers. A Decade-Long Partnership of GoTyme Bank and BPC Drives South African Digital Adoption
GoTyme Bank and BPC are marking a decade-long partnership that has taken GoTyme Bank from the start of the project to 12 million customers in South Africa
Africa’s Crypto Market Matures: Fraud Rates Drop by 28% – New Sumsub Report
Crypto platforms across Africa are rapidly improving identity verification performance as the industry moves toward stricter regulation
SymphonyAI AI Platforms Deployed for Compliance Environment at Munich Re
SymphonyAI supports Munich Re, one of the leading reinsurers, and subsidiaries through its financial crime platform
Zocks Launches AI Assistant for Life Insurance to Help Producers Get Policies Issued Faster
Zocks is bringing its AI-automated operational and document intelligence capabilities to the life insurance market
Allica Bank Named Most Recommended Business Bank by Over 4,000 Businesses
Allica Bank, the bank built for established businesses, has been named the UK’s most recommended business bank in the 2026 UK Banking & Finance Awards
Starling Launches UK’s First Agentic AI Financial Assistant
Starling Bank has launched the UK’s first Agentic AI financial assistant, which can help manage day-to-day finances and give general banking guidance
Alacrity Solutions Invests in AI to Strengthen Claims Performance for Insurance Carriers at PLRB 2026
Alacrity Solutions announced a significant technology investment designed to strengthen claims performance for insurance carriers
EXCLUSIVE: “Staying Real” – Ramon Caracas and Debra LePage, Payment Spayce in ‘The Paytech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
AutoRek & Microsoft: Building Resilient & Compliant Finance Infrastructure
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
From Zero to 12 Million Customers. A Decade-Long Partnership of GoTyme Bank and BPC Drives South African Digital Adoption
GoTyme Bank and BPC are marking a decade-long partnership that has taken GoTyme Bank from the start of the project to 12 million customers in South Africa
Africa’s Crypto Market Matures: Fraud Rates Drop by 28% – New Sumsub Report
Crypto platforms across Africa are rapidly improving identity verification performance as the industry moves toward stricter regulation
SymphonyAI AI Platforms Deployed for Compliance Environment at Munich Re
SymphonyAI supports Munich Re, one of the leading reinsurers, and subsidiaries through its financial crime platform
Zocks Launches AI Assistant for Life Insurance to Help Producers Get Policies Issued Faster
Zocks is bringing its AI-automated operational and document intelligence capabilities to the life insurance market
Allica Bank Named Most Recommended Business Bank by Over 4,000 Businesses
Allica Bank, the bank built for established businesses, has been named the UK’s most recommended business bank in the 2026 UK Banking & Finance Awards