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Pictore Partners with Mitsui Sumitomo Insurance in Web3 Infrastructure Initiative

The collaboration, formalized via a memorandum with DEA and GRG, aims to strengthen technology inspection capabilities in the Web3 sector.

Summary

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Terms & Concepts
  • Web3: A decentralized internet ecosystem using blockchain technology to enable peer-to-peer interactions without central intermediaries.
  • Memorandum of Understanding (MOU): A non-binding agreement between parties outlining the terms and intentions of a partnership or collaboration.