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.
Social Media Giant Snap Lays off 20% of Staff, Terminates Web3 Team
Social media giant Snap announced 20% layoffs this week, leading the Web3 team to become a casualty of that move.
Blockchain Startup Contribution Labs Raises $3M through Equity Sale
Contribution Labs, a Web3-focused startup backed by Alchemy, a pioneer in the blockchain developer platform, raised $3 million through an equity sale.
Web3-MI Develops CryptoVillages for Enhanced Crypto Gaming Experience
Web3 Metaverse Innovations Pty Ltd, or Web3-MI, an Australian-based crypto consultancy group, is at the forefront of creating CryptoVillages, a play-to-earn game, to boost the gaming experience.
Animoca Brands' Japanese Unit Raises $45m
Animoca Brands' Japanese unit raised $45 million in financing at a $500 million pre-money valuation.
Esports, Web3 Firm Ampverse Expands into the Philippines
With the expansion, Ampverse plans to invest more than 100 million pesos in the Philippines' local gaming and esports ecosystem.
Haun Ventures' Funding Round Helps Thirdweb's Valuation Reach $160M
Thirdweb has reached a $160 million valuation following a successful $24 million funding round led by Haun Ventures.
Web3 Security Infrastructure GoPlus Security Reaches Strategic Deal with Dtools
Web3 security startup GoPlus Security has partnered with Web3 ALL-IN-ONE tool Dtools to provide comprehensive security data support for its newly launched token security detection function.
VC Shima Capital to Launch $200m Shima Capital Fund I for Web 3 Industry
Early-stage venture capital Shima Capital will launch Shima Capital Fund I, the first fund to support emerging digital assets for web3 and crypto startups.
KuCoin Labs Rolls Out Incubation Program with Univers Network to Boost Web3 Exploration
KuCoin Labs, the incubation and investment arm of crypto exchange KuCoin, has launched an incubation program with Univers Network to aid the exploration of the Web3 space.
Hong Kong Can Serve Global Community through Web 3 Involvement: Ex-Financial Secretary
John Tsang, the ex-financial secretary, said that the virtual economy would be important to Hong Kong, encouraging the young generation to be active through web 3 involvement and technology adoption.
BORA to Establish Cross Chain with Polygon in expanding Web 3.0 Market: KBW 2022
South Korean-based and blockchain-based content platform operator BORANETWORK (BORA) announced Wednesday to establish a cross-chain with Polygon to expand the global ecosystem and user liquidity contact points.
Bybit-Backed Gaming Platform Enters the Web3 World for Enhanced Experience
Yeeha Games, a $50 million-funded GameFi platform backed by crypto exchange Bybit, has entered the Web3 world to act as the bridge between gaming and finance (GameFi) and traditional gaming.
Kompute Seeks to be the “AWS” of Decentralized Cloud Computing
Kompute, a blockchain company based in Estonia, intends to render significant control and anonymity in cloud computing through a decentralized model explicitly created for Web3.
InfiniteWorld Attains Super Bit Machine for Best-In-Class Gaming, Web3 Experiences
Web3 and metaverse infrastructure firm InfiniteWorld has acquired Super Bit Machine to provide best-in-class experiences in the metaverse world by incorporating multiplayer and real-time game development abilities.
SoftBank-Backed Web3.0 Startup MarqVision Pulls $20M in Series A Funding
MarqVision, a startup known for its Artificial Intelligence (AI) powered platform,has announced it has raised the sum of $20 million in a Series A funding round