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.
BNB Chain: Driving the Next Billion User Revolution in Web3, NFTs, and the Metaverse – An Exclusive Interview
Discover BNB Chain's strategy for onboarding 1 billion Web3 users, bridging the decentralized tech gap, managing transaction costs, and future platform developments in our exclusive interview.
Web3 Startups Witness 76% Plunge in Venture Funding in Q2 2023
Web3 startups saw a 76% drop in Q2 2023 funding, with only $1.8B raised. Despite VC downturn, Bitcoin and Ether prices surged. Future of Web3 funding remains uncertain.
ChromaWay and COMUNITYmade to Reinvent Near Shore Fashion Supply Chains with Web3 Technology
Stockholm headquartered blockchain technology company ChromaWay announced today that it had signed a Memorandum of Understanding (MOU) to partner with COMUNITYmade to co-design and develop supply chain solutions that leverage decentralized Web3 technologies to strengthen product-provenance and transparency, empower designers, and bring high-quality fashion to market faster.
PwC Report: Asian Institutional Investors Opt for Third-Party Custody Solutions for Digital Assets
A joint report by Aspen Digital and PwC titled "State of Digital Asset Custody - Understanding and implementing digital asset custody for institutional investors" reveals a rising demand for institutional-grade digital asset custody solutions among family offices, high-net-worth individuals (HNWIs), and external asset managers (EAMs) in Asia.
Hong Kong International Airport Launches First-Ever Metaverse
Hong Kong International Airport (HKIA) has partnered with JCDecaux Transport Hong Kong to introduce the first-ever HKIA Metaverse.
What is Web3?
Web 3.0, frequently abbreviated as Web3, is often recognized as the upcoming or third generation of the internet. It builds upon Web 1.0, characterized primarily as read-only, and Web 2.0, which introduced interactive user-generated content and sharing capabilities.
Binance Academy Collaborates with Coursera for Global Blockchain and Web3 Education
Binance Academy, the educational arm of Binance, has forged a partnership with renowned online learning platform Coursera to develop certified Web3 educational programs, according to a recent announcement.
Coinbase Uses Multi-Party Computation to Enhance Crypto Wallet Security and User Experience
Coinbase is making strides towards simplifying the onboarding process for web3, bolstering both security and recovery for crypto wallets. The company is deploying a cryptographic technique called Multi-Party Computation (MPC) to eliminate key management hurdles that have long been a barrier to mainstream web3 adoption.
Hut 8 Secures US$50 Million from Coinbase Credit to Enhance Financial Flexibility and Support Growth Initiatives
Hut 8 Mining Corp., a prominent North American mining pioneer and high-performance computing infrastructure provider, has recently made a significant announcement. The company has secured a credit facility of US$50 million through a partnership with Coinbase Credit
Hong Kong Embraces Web3.0 and Advances as an International Crypto Hub, said Chief Executive
Li Ka-chung emphasized Hong Kong's potential in leveraging its strengths as an international financial center and driving the development of cutting-edge technologies, particularly in the realm of Web3.0.
NEAR Protocol Expands Gaming Ecosystem with Vortex Gaming Partnership, Strengthening Web3 Integration
NEAR Protocol has expanded its gaming ecosystem by partnering with Vortex Gaming, a Web3 subsidiary of INVEN, Korea's largest game media and community. This collaboration aims to attract more users and companies to the NEAR ecosystem while strengthening the NEAR game ecosystem. INVEN, with a monthly active user count of 7.2 million, brings valuable expertise and content to the partnership.
Over Half of Fortune 100 Companies Embrace Crypto, Blockchain, and Web3, Reveals Coinbase Report
According to a recent report released by Coinbase, more than half of the Fortune 100 companies in the US have been actively pursuing crypto, blockchain, or web3 initiatives since the beginning of 2020.
Hong Kong's Ambition to Thrive in Web3: Exploring the Development of Selected Regional Web 3.0 Technologies
Recently, the Research Unit of the Legislative Council Secretariat of Hong Kong released a summary of the document titled 'Development of Selected Regional Web 3.0 Technologies.
Mitsui Forms Strategic Partnership with Web3 Influencer Animoca Brands
Mitsui & Co., Ltd., a renowned Japanese trading company, has joined forces with Animoca Brands, a leading player in the Web3 industry.
Driving Web3 Innovation: Hong Kong’s Commitment Towards Tech-Led Future Unveiled by the Financial Secretary
In a recent blog post, Hong Kong's Financial Secretary celebrated Father's Day while also sharing the government's significant efforts in stimulating innovative technological development.