• He will work on developing solutions in the areas of Web3, blockchain, and AI.
• The exchange received a license from the local regulator in early June.
• The organization noted the vast potential of the local market for the implementation of innovations

Today, June 27, the cryptocurrency exchange Crypto.com announced the creation of its first innovation lab. The center is located in Singapore. The project team will be engaged in developments in the areas of Web3, AI, and blockchain. 

“As a next step, Crypto.com will be adding new staff exclusively for the research center, with additional roles to be created in the future,” the exchange said in a release. 

It is not yet known how big the lab team will be. Crypto.com noted that they are interested in specialists in the fields of product development and promotion, designers, engineers and scientists. 

As for the specifics of its activities, the company has identified three main areas:

• participation in hackathons;
• experimenting with new technologies and innovative solutions;
• joint development of projects with international partners. 

The project aims to accelerate the development of Web3 in the region, as well as to create a ready-made base of products and personnel in this area. The company promised to publish other details later. In June, Crypto.com received a license in Singapore and Spain . At the same time, the city-state is definitely one of the most relevant areas for the platform, since it has every chance of becoming a new regional Web3 hub.