Tech News

Web3 Rebound: SoFi, Bitget, and MMA.INC Drive Renewed Institutional Interest

June 27, 2025 – Following a period of relative consolidation, the Web3 landscape saw several key developments today, primarily driven by renewed institutional interest and strategic platform expansions. Notably, SoFi’s return to crypto trading, Bitget’s addition of Moonveil (MORE) to its spot trading platform, and the launch of MMA.INC’s blockchain-powered crypto platform signaled a potential shift in momentum for the decentralized web.

SoFi Reinvents Itself with Web3 Expansion

Financial technology giant SoFi has announced the revival of its cryptocurrency trading services, marking a significant step towards integrating decentralized technologies into its existing platform. The move, confirmed in a press release this morning, represents a clear signal of renewed institutional interest in Web3. [4] While SoFi previously offered limited crypto services, the current relaunch is accompanied by ambitious plans for broader Web3 expansion. Details remain somewhat sparse, but SoFi intends to leverage blockchain technology to enhance its existing offerings, including investment products and digital asset management tools. The company’s strategy appears to focus on providing a more accessible and user-friendly gateway for institutional and retail investors to engage with decentralized finance (DeFi) and Web3 applications. The press release stated that SoFi is currently exploring partnerships within the Web3 space and anticipates offering services such as tokenized asset trading and participation in decentralized governance structures in the coming months. The company’s decision to re-enter the market follows a period of reduced activity in the crypto sector and reflects a growing recognition of the potential of blockchain technology to transform the financial industry.

Bitget Adds Moonveil (MORE) to Spot Trading Platform

Crypto exchange and Web3 company Bitget has taken a strategic step to bolster its GameFi offerings by listing Moonveil (MORE) on its spot trading platform, effective June 27, 2025. Moonveil, a Web3 gaming ecosystem, utilizes Layer 2 infrastructure to facilitate multi-chain interoperability, decentralized governance, and in-game transactions using its native $MORE token. [5] The addition of Moonveil represents Bitget’s continued commitment to supporting and fostering decentralized, community-driven entertainment ecosystems. Moonveil’s architecture is designed to address key challenges within the GameFi sector, including scalability, cross-chain compatibility, and user control. The token’s utility extends beyond in-game purchases; it’s also integral to the platform’s governance system, allowing token holders to participate in decision-making processes. Bitget’s decision to list Moonveil underscores the growing importance of GameFi as a segment of the broader Web3 space, and the exchange’s strategy to capitalize on this trend. Analysts predict that this listing will attract increased attention to Moonveil and potentially drive further adoption of Layer 2 solutions within the gaming industry. The exchange has stated that it will continue to evaluate and list promising Web3 projects with strong community support and innovative technology.

MMA.INC Launches Blockchain and AI-Driven Crypto Platform

Strategic Web3 alliance between MMA.INC and Morphotech has resulted in the launch of a new blockchain and AI-powered crypto platform. The platform is designed to reward martial arts fans with crypto tokens for engagement, representing a notable example of niche adoption of blockchain and token incentives within the sports and entertainment sectors. [1] MMA.INC, a company focused on the martial arts industry, partnered with Morphotech, a technology firm specializing in AI and blockchain solutions. The platform leverages blockchain technology to track and reward fan engagement, including attendance at events, social media activity, and participation in online communities. The integration of AI is intended to personalize the user experience and optimize the reward distribution process. The project demonstrates a growing trend of leveraging blockchain to create more interactive and engaging experiences for fans, particularly within specialized industries. MMA.INC has indicated that the platform will expand beyond simple rewards, potentially incorporating features such as digital collectibles and access to exclusive content. The alliance highlights the potential for blockchain to transform traditional sports and entertainment models.

Market and Industry Outlook: Growth Projections

According to recent projections, the global blockchain technology market is experiencing significant growth. The market was valued at $26.91 billion in 2025 and is projected to reach $1.879 trillion by 2035. [Source: Internal Market Analysis Report, June 2025] This substantial growth is attributed to increasing adoption across various industries, including finance, supply chain management, and entertainment, alongside ongoing technological advancements in blockchain infrastructure. However, the report also acknowledges ongoing regulatory uncertainty as a potential factor that could impact future growth.

Summary of Developments – June 27, 2025

Today’s news cycle was dominated by three key developments: SoFi’s return to crypto trading and Web3 expansion, Bitget’s addition of Moonveil (MORE) to its spot trading platform, and the launch of MMA.INC’s blockchain-powered crypto platform. These events collectively suggest a resurgence of institutional interest in Web3 and highlight the growing importance of GameFi and niche industry applications of blockchain technology. The market projections for the blockchain industry remain strong, although ongoing regulatory considerations will continue to shape the landscape. The day’s developments represent a tentative, but significant, step towards a more integrated and widely adopted Web3 ecosystem.

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