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.
GameStop Abandons Crypto As Q3 Losses Reach $95M
GameStop loses $94.7 million in the third quarter and fires digital assets workers. "We deliberately limited cryptocurrency vulnerability," CEO Matt Furlong stated. It appears to be continuing NFT and blockchain initiatives. GameStop will focus on collectibles, gaming, and pre-owned products. He "had a terrific experience taking a deep dive into blockchain and learning about many new topics in the crypto sector".
Sber Bank's blockchain technology uses Metamask
Russia's biggest lender integrates its blockchain technology with Ethereum to enter DeFi and Web3. The connection lets users utilize Sber's tokens and smart contracts. Sberbank is developing blockchain goods. It requested a blockchain platform for its "Sbercoin" stablecoin from the Bank of Russia in 2021.
Coinbase Says Goodbye to Over 60 Employees
Crypto exchange Coinbase Global Inc has announced a fresh job cut of over 60 from its recruiting and institutional onboarding teams.
Japanese Mobile Operator Partners with Accenture to Boost ESG Using Web3
NTT DOCOMO, the leading mobile operator in Japan, has collaborated with Accenture to propel the application and adoption of Web3 when tackling social issues.
FTX Founder says Hong Kong Could be Top Blockchain Hub in Asia
HKFTW2022: Crypto exchange FTX founder Sam Bankman-Fried said that, unlike the West, although Asia does not have a key web3, blockchain and cryptocurrency hotspot, Hong Kong could emerge as a leader in that sector.
P2E Arcade2Earn Raises $3.2M in Seed Funding Led by Crypto.com Capital
Arcade claims a unique selling point, it says that it has a unique concept called "mission pools" which allows gamers to make money without owning NFTs.
Chainsafe Raises $18.75m to Advance Adoption & Sustainable Growth in Web 3
Canadian-based Blockchain research and development firm Chainsafe has raised $18.75 million in oversubscribed Series A funding backed by prominent industry venture firms.
Japanese Firms to Launch New Web3 Game CAPTAIN TSUBASA RIVALS
The new Japanese football-featured Web3 game will allow users to connect globally with the popular manga character.
Seven Web3 Firms Form Alliance Focusing on Data Privacy
According to the Universal Privacy Alliance's official statement, their aim is "to protect privacy regardless of the blockchain or technology stack."
Google Pairs with Coinbase to Spur Web3 Innovations, Offer Crypto Payments for Cloud Services
Google has teamed up with crypto exchange Coinbase to allow some of its clients to pay for cloud services using cryptocurrencies.
PolyU 1st in Hong Kong to Offer Metaverse & Blockchain Post-grad Programmes
Hong Kong's Polytechnic University is offering a postgraduate course in the metaverse and blockchain-related technology from September 2023, costing around $40,000 for tuition fees.
BNB Chain Begins Innovation Incubator Program To Boost European Web3 Startups
The innovation incubator program will provide long-term support to web3 startups in Europe by offering outstanding web3 resources as well as training through reputable partners and community professionals.
DeFi Startup Arch Secures $5m from Seed Round, to Achieve 'BlackRock of Web3'
Arch Finance, a DeFi startup, has acquired $5 million in funding from a seed round, aiming at becoming the "BlackRock of web3."
3 Good Reasons Why Investors Should be Optimistic About the Future of Crypto
Amidst the ups and downs the market has experienced in recent times, here are the top three reasons to stay positive as the market journeys onto more maturity.
US' 2022 Web3 Trademark Filings 3 Times Over 2021's Total So Far
In 2021, a total of 2,142 NFT-related trademarks were filed, but by the end of September 2022, there were at least over 6,000 such trademarks submitted, data shows.