WEB3
Web3 (WEB3 or Web 3.0) refers to the next generation of the internet, characterized by decentralized and peer-to-peer networks that aim to give users more control over their data and digital interactions. It is a vision of the internet that incorporates blockchain technology and smart contracts, enabling trustless and transparent transactions, decentralized applications (dApps), and the secure storage and sharing of data. Web3 seeks to empower individuals, promote privacy, and foster a more open and collaborative digital ecosystem.
Binance's MVB Accelerator Program Collaborates with CMC Labs to Launch Innovative Founder Track
Binance's MVB Accelerator Program and CMC Labs are collaborating to launch a new Founder Track, aiming to incubate 100 innovative projects on BNB Chain and support Web3 builders.
Seize control of your data with Akord
Akord is a web3 platform that combines cloud and blockchain storage, offering private, public, and public vaults with end-to-end encryption, enabling diverse use cases and perpetual access.
Boyaa Interactive Advances into Cryptocurrency with a $100 Million Acquisition Mandate
Boyaa Interactive plans to invest $100 million in cryptocurrencies, focusing on Bitcoin, Ether, and stablecoins, while ensuring secure platforms in the volatile crypto market.
NEAR Protocol Partners with ZEP to Enhance Metaverse User Onboarding
NEAR Protocol and South Korea's ZEP are partnering to improve user onboarding and enhance Web3 capabilities, using NEAR's blockchain network and ZEP's metaverse platform.
Sui Donates $1M to London Business School for Web3 Research
Sui, a leading blockchain platform, has donated $1 million to London Business School for Web3 research and education, aiming to prepare future technology and business leaders.
HK Legislative Council Member Advocates for Integrating Senior Economy with Web3
Johnny Ng discussed the senior economy's integration with the internet and Web3's potential to boost content creator earnings at the 2023 World Internet Conference, highlighting Hong Kong's growing interest.
SBI Holdings to Launch Investment Fund for Emerging Companies like Web3, AI, and Metaverse Startups
SBI Holdings plans to invest 100 billion yen in startups focusing on Web3, AI, and metaverse, with financial institutions supporting Japan's goal to nurture its startup ecosystem and enhance its Asian startup hub position.
NEAR and Polygon Partner to Launch zkWASM
NEAR Foundation and Polygon Labs are collaborating on zkWASM, a zero-knowledge prover for WASM blockchains, to enhance interoperability with Ethereum and improve scalability and decentralization.
Polygon Labs Unveils New PoS Testing Toolkit to Enhance Devnet Operations
Polygon Labs' Polygon PoS v1 Testing Toolkit revolutionizes blockchain innovation with advanced deployment, efficient testing, and automated processes, marking a milestone for Web3's future.
Circle Introduces Gas Station and Smart Contract Platform to Streamline Web3 Development
Circle announces new Web3 services—Gas Station and Smart Contract Platform—to simplify blockchain development and lower costs. These user-centric solutions aim to accelerate the mass adoption of blockchain technologies.
Chainlink Unveils Constellation: A Grand Hackathon Event
Chainlink announces its largest hackathon, Constellation, from November 8 to December 10, 2023, with a $350,000 prize pool across seven core tracks. This event follows the trajectory of growth from Chainlink's inaugural hackathon in 2020. The hackathon is open to Web3 engineers of all experience levels and covers a broad spectrum of blockchain applications. It not only serves as a competition but a learning platform offering extensive educational resources and technical support to participants.
dYdX Transitions to Public Benefit Corporation
dYdX Trading Inc. has updated its charter to become a Public Benefit Corporation on 17 October 2023, as announced by its founder, Antonio. This move aims at aligning the company more closely with the web3 community, promoting global economic and technological advancement through open-source and decentralized crypto asset exchanges. This transition, a first of its kind in the DeFi sector, enables dYdX to balance shareholder value with public benefit.
Animoca Brands subsidiary Forj Unveils $APE Accelerator to Boost ApeCoin Ecosystem
Forj, under Animoca Brands, has inaugurated the $APE Accelerator to bolster the ApeCoin ecosystem. The accelerator is now open for applications, inviting innovative Web3 projects to leverage the platform and connect with a substantial ApeCoin community. The initiative underscores a community-driven approach to enhance the utility and value of ApeCoin.
Coinhouse Trims 15% Workforce Amid Crypto Sector Challenges
French crypto exchange Coinhouse trims 15% of its staff, mirroring broader sector challenges. The move, announced on October 13, 2023, primarily affects the web 3.0 department, hinting at a strategic shift towards core crypto investment services amidst a bearish market scenario. The company's evolution, from a workforce of 100 to 60 within a year, highlights the cautious recalibration among crypto entities in navigating market and economic uncertainties.
Solana Foundation Forms Strategic Alliance with DMCC Crypto Centre in Dubai
The strategic partnership between Solana Foundation and DMCC Crypto Centre marks a significant milestone towards fostering a thriving Web3 ecosystem in Dubai. By offering technical and business development support, alongside educational initiatives, this alliance is poised to drive innovation and business scalability, further elevating Dubai's standing as a global hub for blockchain and Web3 technologies.