web3
Exclusive: Can Web3 Foundation Achieve a Truly Decentralized Web?
Following the technical underpinnings of Polkadot in Part 1, Jack Platts, Head of Collaborations Web3 Foundation reveals their effort towards the goal of decentralized web! He also explained the governance and technical challenges in achieving a decentralized web!
Web3 Gaming Needs More Publishers to Gain Players’ Trust
Major firms in the Web2 gaming industry generally belong to two camps: game developers and game publishers. The lines between the two often end up blurred. In Web 3 era, the role of game publishers could be much more important.
KuCoin Rolls Out $100m Creators Fund to Accelerate Web3 Growth, Empowering Early-Stage NFT Projects
Crypto exchange KuCoin has announced a $100 million “Creators Fund” to enhance the Web3 ecosystem and support early-stage NFT projects in sports, arts, GameFi, and celebrities.
Binance Introduces New Fan Engagement Platform for Ukrainian Football Team FC Shakhtar
Binance has announced that it will introduce a new fan programme for Ukraine football team FC Shakhtar.
Google Cloud and Polygon Labs partner for Ethereum scaling
Google Cloud will provide framework and developer tools to aid Polygon Labs’ Ethereum scaling protocol. The partnership aims to streamline developer integration for decentralized applications on Polygon.
Visa Unveils Innovative Web3 Loyalty Program with SmartMedia Technologies
Visa teams up with SmartMedia Technologies to launch a pioneering Web3 Loyalty Engagement Solution, revolutionizing customer loyalty with gamified, immersive experiences and digital wallets.
Binance to Launche Pixels (PIXEL) on Launchpool
Binance announces the launch of Pixels (PIXEL) on its Launchpool, a social web3 game on the Ronin Network, offering BNB and FDUSD holders a unique opportunity to farm PIXEL tokens before its trading debut.
Web3 Foundation Claims DOT is a Piece of Software and Not a Security
Web3 Foundation has made a conclusion based on SEC terms that Polkadot is not a security
Hong Kong Embraces Web3 Despite Crypto Market Volatility
Hong Kong's financial secretary, Paul Chan, has emphasized the need for the city to embrace Web3 technology, despite the fluctuations in the crypto market. Chan has proposed a strategy that focuses on proper regulation and promoting development to facilitate Web3's steady growth. He also noted that Hong Kong plans to prioritize financial security, prevent systemic risks, and focus on investor education and protection. The region's approach to crypto regulation contrasts with that of the United States, which has adopted a more hardline response to the industry.
Binance Boosts Web3 Wallet with New Features and $1M Airdrop Campaign
Binance enhances its Web3 Wallet with ERC-404 token support, an Inscriptions Marketplace, and announces a $1M airdrop to engage users.
Mythical Games Unveils Mythos Foundation DAO, Mythos Token to Democratize Web3 Gaming
Mythical Games enlisted 22 partner companies and several big-name advisors in an effort to bring decentralization to Web3 gaming through the launch of the foundation and the token.
Hong Kong's Crypto Rise: Harbinger for China?
Hong Kong's rising status as a crypto hub amidst regulatory amicability sparks speculations on China's evolving stance towards digital assets. The significant crypto activity in Hong Kong, combined with its thriving Over-The-Counter market, reflects a conducive environment for both institutional and retail crypto engagements. As Hong Kong continues to bolster its crypto market, it might be hinting at China's exploratory approach towards understanding and possibly embracing digital assets in the long term.
BinaryX Introduces Cyber Incubation Fund to Support Blockchain Games
BinaryX launches a new 220,000 BNX Cyber Incubation Fund, aimed at driving the growth and adoption of Web3 games.
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.
Coinbase Launches WaaS to Simplify Adoption of Web3 Wallets
Coinbase has introduced Wallet-as-a-Service (WaaS) to provide enterprises with a customizable on-chain wallet API for easier customer onboarding, loyalty programs, and in-game purchases. The WaaS infrastructure features multi-party computation (MPC) cryptography to improve private key security, user-friendly backup functionality, and control over product experiences while reducing implementation cost and complexity. The solution is being used by companies like Floor, Moonray, thirdweb, and tokenproof.
Argent Crypto Intends to Build a Super App for Web3 with New $40m Funding
Argent, a London-based crypto wallet service provider wants to build a Super app that will serve as the go-to hub for all things crypto, including Web3.0, DeFi, DAOs and NFTs.
McDonald's Hong Kong Partners with Sandbox to Launch First Metaverse Experience, McNuggets Land
McDonald's Hong Kong has teamed up with The Sandbox to create the first Web3 experience platform. This partnership has resulted in the launch of "McNuggets Land", a unique metaverse gaming experience that marks the 40th anniversary of McNuggets.
Wormhole Announces W Token Airdrop
Wormhole, a leading interoperability protocol, has unveiled its native token W and an airdrop to decentralize its network, reinforcing its commitment to the Web3 vision.
Portal Debuts on Binance Launchpool for BNB and FDUSD Farming
Binance Launchpool has added cross-chain gaming startup Portal for a new farming event. Users can earn PORTAL tokens by staking BNB and FDUSD over 7 days starting February 22nd. PORTAL will then list on Binance against major trading pairs.
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.
Web3 Startup Funding Drops 82 percents YoY
VC funding for Web3 start-ups decreased by 82% YoY in Q1 2023, dropping to $1.7 billion. The number of big funding rounds hitting nine figures almost completely dried up over the past year. The decline in Web3 funding is attributed to investors opting for a risk-off approach and seeking opportunities in industries they know best.
Metaverse will change the world in 2022
After Facebook has announced to change its name to "Meta" last summer, the whole world has focused on a term called "Metaverse". The word "Metaverse" has been searched in Google and Youtube every day. However, Meta is not a decentralized organization that is not a Decentralized Autonomous Organization (DAO), a Web.30 concept, and GameFi players may not like it.
Mastercard Unveils Interoperable CBDC in Australia
Mastercard, in association with the RBA and DFCRC, has demonstrated a groundbreaking interoperable CBDC solution to enhance Web3 commerce in Australia and beyond. The live demonstration showcased a pilot CBDC holder purchasing an NFT on Ethereum, utilizing Mastercard’s Multi Token Network, emphasizing the potential of blockchain interoperability in fostering secure and efficient digital commerce.
Crypto and NFT Communities Respond to Turkish Earthquake Relief Efforts
Many firms in the field have donated funding, on-the-ground help, and even future NFT charity efforts.
Bosch and Fetch.ai to Create Foundation to Fund Development of Web3
Bosch establishes Fetch.ai Foundation and commits $100 million in funding to create Web3, AI, and IoT products.
Zilliqa declares the establishment of the Zilliqa Group.
Zilliqa Research Pte. Ltd. has formed the Zilliqa Group, a conglomerate focusing on Web3 and blockchain-based products, including gaming and decentralized finance, with a restructured board overseeing the transition.
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.
Animoca Brands Reports US$402 Million Bookings for 2022
Animoca Brands, a leading digital entertainment and blockchain technology company, reported strong financial performance in 2022, with bookings reaching A$594 million and a strong liquidity position, despite expanding its business portfolio.
Only1 Launches First Web3.0 Social NFT Platform Built on Solana
Only1, a decentralized web3 social platform, is set to revolutionize how consumers use the social media landscape. Only1 pivots into a creator economy solution to eliminate intermediaries and allow creators to monetise their content easily.
a16Z to Establish Crypto Research Lab
Wallet Street Venture Capital firm, Andreessen Horowitz (a16Z) established its own crypto research lab to conduct blockchain-related academic research.
Hong Kong Boosts Web3 with New Task Force
On June 30th, 2023, Hong Kong's government revealed the creation of a pivotal initiative - the Task Force on Promoting Web3 Development. This significant step, led by Financial Secretary Paul Chan, includes fifteen non-official members selected from relevant market sectors, plus key government and financial regulatory officials.
Hong Kong Aims to Lead in Green Finance and Web 3.0, Says Financial Secretary
Hong Kong is setting its sights on becoming a global leader in two new fields: green finance and Web 3.0, according to a recent speech by the city's Financial Secretary Paul Chan.
Solana to Replace Ethereum in Blockchain Gaming, Paradox Studios Founder Says
Compared to Ethereum’s Solidity language when developing play-to-earn (P2E) games, the ease of use of Solana’s building language- Rust will give Solana a competitive edge, according to AmioTalio.
Sortium Blockchain Studio Launches 1st 3D Living NFT "Kymera"
Web3 technology provider Sortium Blockchain Studio has launched the first 3D living NFT called "Kymera" based on-chain DNA.
Celestia's Core Values: Bridging Off-chain Governance with User-centric Network
Mustafa Al-Bassam delineates five core values for Celestia's social layer aimed at enhancing trust-minimization and user-centric network functionalities. These values include the primacy of off-chain governance, user elevation, credible neutrality towards execution environments, economic sustainability, and minimizing overhead and state bloat. The discourse provides a profound insight into Celestia's commitment to fostering a user-driven, trust-minimized blockchain network.
Animoca Brands Lands $75m in New Funding
In its latest funding round, digital entertainment, blockchain, and gamification outfit, Animoca Brands announced it has raised the sum of $75 million.
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.
DeFi Platform Space and Time Pulls $10m in Series A Funding
DeFi startup Space and Time has secured $10 million in a Series A funding round as the firm seeks to develop its one-in-a-kind cryptographic protocol called proof-of-SQL.
Hack VC Closes $150M Fund I, Increases Assets Under Management to $425M
Crypto venture firm Hack VC has closed a $150 million maiden fund, bringing total assets under management to $425 million. Hack VC is a long-time web3 investor, having backed over 100 projects since 2014. The firm remains firmly bullish on web3's future potential and will deploy its new capital to seed critical infrastructure startups.
Animoca Brands' Japanese Unit Raises $45m
Animoca Brands' Japanese unit raised $45 million in financing at a $500 million pre-money valuation.
Snapchat CEO Announces Exit From Web3 Sighting Financial Difficulties
Chief Executive Officer of Snap Inc. Evan Spiegel has announced that the firm is pulling out of all its investments in Web3 technology, citing financial difficulties at the moment
Scaramucci's Skybridge Capital to Launch Venture Fund for Web3 & Crypto Investments
SkyBridge Capital is planning to unveil a dedicated venture fund that will invest in web3 and crypto companies.
Mirana Ventures Invests $8 Million in Toncoin (TON)
Mirana Ventures has launched a long-term partnership with TON Foundation, investing $8 million in Toncoin to drive mass adoption of token-governed technologies and collaborate with other blockchains.
Crypto Exchange FTX Expands Business to Africa, Partnering Kenyan Fintech Firm AZA Finance
To expand its global footprint and presence on African soil, top-notch cryptocurrency exchange FTX has partnered with AZA Finance, a Kenyan-based fintech company.
Web3 users can now register .eth domains with fiat options
ENS has launched a fiat on-ramp for .eth domain registrations through MoonPay, allowing Web3 users to pay with fiat options such as Apple Pay and Google Pay instead of only Ether. ENS has also upgraded its platform to streamline sign-ups and expand its usability for hosting censorship-resistant websites.
Animoca Brands's New Management Team Onboards
Animoca Brands, a digital entertainment, blockchain, and gamification startup has announced that it has onboarded many new staff to take up leadership positions in the company.
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.
web3 gaming METAPIXEL Suspended Indefinitely
The METAPIXEL project has been suspended indefinitely due to a range of internal and external factors. Key team members, including Kate, Daniel, and Nathan, have announced their departure from the project. The development comes after 18 months of active work on the project, leaving both the team and the community in a state of uncertainty.
Japan Blockchain Association Proposes Cryptocurrency Tax Reforms to Government
The Japan Blockchain Association (JBA), led by Representative Director Yuji Kano of bitFlyer, submitted a proposal for cryptocurrency tax reforms to the government on July 28, 2023.
Astar Network Partners With Shibuya to Support Tokyo Ward’s Web3 Strategy
Blockchain innovation hub Astar Network has partnered with Shibuya, the Tokyo ward famed for its commerce and finance. The agreement will see Astar support Shibuya’s new web3 initiative and host events that support this strategy.
Morningstar Ventures Invests $5M to Open 37xDubai, a Novel NFT Art Gallery in Central Dubai
Morningstar Ventures, an investment firm specializing in digital assets and blockchain technology, is opening its first interactive digital art gallery in the heart of Dubai. Located in the Burj Daman Tower (DIFC area), ‘37xDubai’ is positioned amidst Dubai’s business and lifestyle center.
Unstoppable Women of Web3 Leads Initiative to Provide Web3 and Metaverse Education for 6 Million African Women
The initiative will consist of free digital identities, educational streams, online courses, in-person networking, and more to bring more women in Africa into Web3 and the metaverse
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.
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.
OKX Faces Allegations of Restrictive Practices in ICE Coin Listing
OKX, a leading crypto exchange, faces allegations of unfair trading practices following its listing of the ICE coin. Despite technological advancements and a growing global presence, these accusations put the company's commitment to transparency and user trust to the test.
Romania's ICI Bucharest Launches NFT Trading Platform for Web3 Adoption
ICI Bucharest has announced the launch of its in-house NFT trading platform, ICI D|Services, on April 26. The platform aims to facilitate the adoption of Web3 in Romania and connect private and public sector institutions and users. ICI Bucharest has been exploring blockchain and nonfungible tokens as the space gains traction globally.
Keiji Inafune and Seiichi Ishii with Minnapad for New Web3 Projects
Famed Developers of Iconic Game Franchises, Mega Man and Tekken to Serve as Inaugural Legends DAO Partners with Their Original IPs, BEASTROID and BRAIN FIGHTER, on a New Platform
Coinfest Asia is Back in 2023, Carrying the Theme of Web2.5!
Coinfest Asia, the immersive Web3 festival in Asia, will be back on 24-25 August 2023 in Bali. Previously, the 2022 edition of Coinfest Asia managed to have more than 2,000 participants from more than 50 countries, these participants started from the institutional level, retail, and regulators.
Google, UK, FTX and Binance in Crypto News
Google expands its Web3 program with 11 blockchain partners, while the UK government commits $125 million to accelerate its AI readiness. FTX is set to sell LedgerX for $50 million, and Binance.US backs out of a $1 billion Voyager asset purchase, citing regulatory concerns.
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.
Bitget Launches Web3 Fund
Bitget has launched a Web3 Fund to support venture firms and projects globally, with a focus on Asian projects solving real-world problems. Bitget plans to partner with venture capitalists and expand its products and services in 2023.
Over 220 Web3 Companies Settle in Hong Kong, Boosting Virtual Asset Development
Hong Kong has welcomed over 220 Web3 companies from 20 countries and regions, focusing on sectors like virtual asset exchanges, blockchain infrastructure, network security, and payment services, aiming to balance development with regulatory frameworks.
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.
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.
Coinbase CEO Proposes Web3 Version of LinkedIn
Coinbase CEO Brian Armstrong has received over 150 applications for its inaugural Coinbase Ventures Summit in October. He introduced the Web3 version of LinkedIn, a decentralized platform, and suggested companies issue NFTs for employment verification. The summit aims to foster crypto innovation.
Chainalysis Finds Ownerships of Web3 DAOs Are Not Actually Decentralized
Chainalysis research study shows that most DAOs are not actually decentralized as they are intended to be, instead, they are normally controlled by a few founder members. In fact, they are designed to prevent an accumulation of power by a few members.
Usain Bolt Partners with Step App to Propel Healthier World
Usain Bolt, the 8-time Olympic gold medalist and 11-time world champion, has teamed up with Step App to take fitness and exercise a notch higher by incorporating Web3 and the metaverse.
Binance Integrates AI Chatbot ChatGPT into Its Education Platform
Binance, the cryptocurrency exchange and blockchain developer, has integrated the AI chatbot ChatGPT into its education platform, Binance Academy. The new AI-driven tool, known as Binance Sensei, sources answers from Binance Academy's education platform using machine learning to help users answer questions related to Web3. However, the integration of AI in education has sparked concerns about the potential misuse of the technology.
Fonbnk and Tanda Partner to Launch Airtime Trading Marketplace in East Africa
Fonbnk and Tanda have partnered to launch an airtime trading marketplace in East Africa, allowing micro-entrepreneurs to earn revenue and store their profits in dollarized stablecoins. The partnership increases liquidity in the marketplace through the buying and selling of prepaid airtime for profit, providing more earning opportunities and creating a growth flywheel effect through improved liquidity and marketplace efficiency.
Walt Disney Seeks Attorney to Explore Emerging Technologies in NFTS
Walt Disney Company is hiring a deal attorney to explore emerging technologies, including NFTs.
WEF Launches Coalition to Deal with Climate Change through Web3.0
The World Economic Forum (WEF) has established a Crypto Sustainability Coalition to investigate the capability of Web3 in tackling climate change.
Polkadot (DOT) Launches Alpha Program to Foster Collaborative Building
Polkadot launches the Alpha Program, a groundbreaking initiative to foster collaborative building and lower entry barriers for blockchain projects. The program provides resources, community support, and the opportunity to shape Polkadot's future.
AntChain Integrates Zero-Knowledge Proof for Enhanced Privacy and Verification in Web3.0 Era
Ant Group's AntChain has announced a new architecture upgrade for its privacy collaboration platform, AntChain FAIR, introducing Zero-Knowledge Proof (ZKP) as a core technology for verifiable computation. This extends trustworthy data transfer to the verification of computation processes, data attributes, and identities.
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 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.
CoinList announces Bondex (BNDX) community sale with Revised Participation Model
CoinList announces Bondex's community sale with new user-friendly updates, including a 7-day purchase window and no queues. Token listing expected on June 11, 2024.
Japan Moves to Boost VC Investments in Web3 Companies Through Cryptocurrency Acquisition Bill
Japan's government plans to amend LPS laws to allow cryptocurrencies acquisition and holding, aiming to simplify investment processes and support Web3 businesses, boosting domestic startups.
Binance Labs Announces ColLabs: A Web3 Investment Community Platform
Binance Labs has launched ColLabs, an invite-only Web3 investment community, aiming to bridge the gap between venture capitalists, startups, and investors in the Web3 space. The platform combines a blog, newsletter, and Telegram channel for exclusive content and deal-sourcing opportunities.
London-Based Fabric Ventures to Close Funding for Two New Web3 Funds
Fabric Ventures, a London-based venture capital firm, is on track to close two new Web3.0 funds that will focus exclusively on the “Open Economy.”
North Island Ventures to Invest $125m in 30 to 40 Emerging Crypto Firms
North Island Ventures said in a statement that is launching a new $125 million investment fund to execute 30 to 40 early-stage investments in emerging crypto and Web3 companies and protocols.
Emerging Web3.0 Protocol Aligned Secures $34M in Venture Funding
Aligned has announced it has secured the sum of $34 million from investors as it seeks to advance the reach of the emerging Web3.0 world.
Bitget U30 Hackathon Recognizes Budding AI and Blockchain Innovators
Bitget’s Under 30 Virtual Hackathon, a part of its Blockchain4Youth initiative, concluded on October 16, 2023, showcasing exemplary AI and blockchain innovations. With over 1,000 participating teams, winners were recognized across various categories, each receiving $10,000. The hackathon highlighted promising young talents, aligning with Bitget's aim of promoting blockchain and cryptocurrency adoption among the youth.
Visa and Transak Revolutionize Crypto Withdrawals with Visa Direct Integration
Visa partners with Transak, leveraging Visa Direct for seamless cryptocurrency withdrawals and payments globally. This collaboration enables users to convert over 40 cryptocurrencies directly from wallets like MetaMask into fiat, enhancing crypto-to-fiat transactions and accelerating mainstream crypto adoption.
Shanghai, China, Launches a Comprehensive Technical Initiative for the Metaverse (2023-2025)
The Shanghai Municipal Science and Technology Commission announced today the release of its "Shanghai Metaverse Key Technology R&D Plan (2023-2025)".
Binance Labs Launches Season 7 of Incubation Program for Web3 Innovators
Binance Labs invites early-stage Web3 founders to apply for Season 7 of its Incubation Program, offering tailored mentorship and resources.
VEXT is next for Veloce in Web3 evolution
VEXT is next for Veloce in Web3 evolution, London-based company to launch VEXT utility and governance token.
Mark Cuban-Backed NFT Platform Nifty's Shuts Down After Failed Investment Opportunities
Nifty's, a notable platform focused on Web3 creators, announced the cessation of operations earlier today, marking a significant shift in the digital ownership landscape.
Google Creates Web3 Team to Take Advantage of Growing Crypto Popularity
To set the ball rolling in Web3, Google is assembling a team to create services for developers in this ecosystem through its cloud unit, according to CNBC.
Binance's New Blockchain Platform Aims to Build Web3 Infrastructure
BNB Chain stores storage metadata, while third-party storage providers store data.
HeartX Launches Web3 Marketplace and Community Aim to Revolutionize Digital Art Industry
HeartX, previously known as ArteX, a trailblazer in the digital art industry, has recently rebranded and unveiled a groundbreaking web3 marketplace and community that empowers artists, collectors, art consultants and art lovers to redefine the value of digital art. The HeartX platform provides a secure, immersive, and transparent space for creating, sharing, and trading digital artworks, catering to artists, collectors, and the web 3 community alike.
BNB Chain and MetaMask Resolve Glitch Affecting opBNB Gas Fees
BNB Chain and MetaMask have successfully addressed a glitch that led to the display of inflated gas fees for opBNB transactions. The issue was rooted in MetaMask's default algorithm, which set a minimum recommended gas price based on averages across various Layer 1 and Layer 2 networks. This has been corrected, and users can now benefit from opBNB's lower gas fees for faster and more cost-effective transactions.
FIFA Club World Cup 2023 Partners with Modex for Exclusive NFT Collection Launch
FIFA Club World Cup 2023™ combines football and digital tech with FIFA+ Collect's exclusive NFT series, partnering with Modex to enhance fan engagement and memorabilia experience.
Blockchain Game Developer Oasys Grants $20m Investment in Private Token Sale
Oasys, a Japan and Singapore-based blockchain gaming company, has secured a $20 million investment from a cryptocurrency leader in private token sales.
Solana Launches $100m Web3.0 Fund for South Korean Startups
Layer-1 blockchain protocol Solana has launched a $100 million fund to back startups in the South Korea Web3.0 ecosystem through its subsidiaries Solana Ventures and Solana Foundation.
$75M Capital Raised by Blockchain Founders Fund for Metaverse and Web3
Singapore-based venture capital Blockchain Founders Fund (BFF) has announced the launch of a new Venture Capital Fund II to support emerging projects in the cryptocurrency, Metaverse and Web3 space.
Hub71+ Digital Assets Initiative Aims to Advance Web3-Based innovations
Hub71 will invest $2 billion in Web3 startups in Abu Dhabi.
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.
HK SFC Details JPEX Probe; CEO Affirms Hong Kong's Web3 Commitment
Hong Kong's SFC has provided a detailed timeline of its investigation into the fraudulent activities of the unlicensed virtual asset trading platform JPEX. Despite the ongoing case, SFC CEO Leung Fung-yee reaffirms that Hong Kong's commitment to developing a Web3 ecosystem will not waver.
Bundle Africa Stops Exchange Services
Bundle Africa is discontinuing its exchange services to focus on Cashlink, a Web3 payment solution. Users are advised to withdraw funds by September 10, 2023. The shift reflects the growing needs of the blockchain community.
OKX to Open Office in Australia
Brand Ambassadors Daniel Ricciardo, Scotty James, and McLaren F1 driver Oscar Piastri join event at Melbourne Arts Centre to celebrate ahead of Australian Grand Prix
Opera Web Browser Gets into Web3 Space, Adds Multiple Tokens into Its Crypto Wallet
The integration of the eight new blockchain ecosystems is set to enable Opera users to access more decentralized apps (dapps) and services.
Hong Kong Investors Launch $100M Fund for Web3 Startups
ProDigital Future, a new $100 million fund led by Hong Kong-based equity firm SAIF Partners, aims to support early-stage Web3 companies in the regional market. The fund has already raised $30 million during its half-year fundraising period and plans to raise $100 million by the end of 2023. ProDigital Future has already invested in six digital-asset projects, including GigaSpace and One Future Football. The fund intends to operate in Hong Kong, Australia, Singapore, Europe, and the United States, while adhering to the necessary licensing and regulatory requirements.
Cristiano Ronaldo to Bring his Fans into Web3.0 through Binance Partnership
Binance exchange has signed Cristiano Ronaldo, a Portuguese footballing legend who now plays for Manchester United FC in an exclusive multi-year deal.
Fundraising by Crypto Companies Accounts for $8.2B in Q3
A study says that as cryptocurrencies continue gaining steam, crypto companies raised capital worth $8.2 billion in the third quarter of 2021.
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.
27% Female Professionals Participate in Web3-related Projects, KuCoin Study Shows
A study shows only 27% of female working professionals have participated in web3-related projects, which is still lower than their male counterparts.
Web3 Security CertiK X Account Compromised in Phishing Scam
CertiK, a blockchain security firm, suffered a cyber attack on its X account, leading to phishing scams, raising concerns about crypto security vulnerabilities and sophisticated social engineering tactics.
Protagonist Establishes $100m Crypto Fund, Supporting Blockchain & Web3 Ecosystems
Protagonist, a Miami-based crypto fund and incubation lab rolled out a $100 million fund to boost emerging blockchain and Web3 networks.
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.
OKX to Power Web3 Innovation as a Sponsor of Consensus 2023-Affiliated Hackathon 'Web3athon'
OKT Chain (OKTC), the EVM and Wasm-compatible chain backed by OKX, the world’s second-largest crypto exchange by trading volume, has announced its sponsorship of the upcoming Web3athon event taking place in conjunction with Consenus 2023.
Coinbase to Host Crypto Community Event in India to Support Entrepreneurs
As contained in a Blog post shared by Coinbase Global Inc, it will be hosting a crypto community event in Bangalore to discuss the future of crypto and web3 in the country.
HK-based Gusto Collective Raises $11m in Funding Round Led by Animoca Brands, Gaw Capital
Hong Kong-based Gusto Collective has raised $11 million in its Seed Plus funding round led by Animoca Brands and Gaw Capital.
Octopus Ventures Leads $9.5m in Seed Round for Web3 Fintech Firm Merge
Merge, a fintech startup that provides crypto and web3 companies with a range of banking and payments solutions has raised $9.5 million from venture capital firms led by Octopus Ventures.
My Neighbor Alice and ELLE: a Groundbreaking Collaboration for an Unprecedented Web3 Gaming Experience
In a landmark partnership, My Neighbor Alice (MNA) has teamed up with the iconic brand ELLE to create a unique and immersive gaming experience that showcases the best of both worlds.
Firstblock Introduces Firstblock Labs To Support The Next Generation Of Web3 Innovators
FirstBlock, a leading blockchain solutions provider, announces the launch of FirstBlock Labs, a virtual laboratory designed to support and help Web3 startups thrive in the rapidly growing blockchain industry.
Binance Announces Upgrade to Proof-of-Reserves Verification
Binance's zk-SNARKs update improves proof-of-reserves verification security and transparency.
Japan's Web3 Project Team Releases White Paper to Boost Crypto Industry
Japan's Web3 Project Team, a part of the country's ruling Liberal Democratic Party, has released a white paper with recommendations for expanding the country's cryptocurrency industry. The paper suggests modifications to tax regulations, establishing accounting standards, and creating a DAO law, among other proposals.
Bitget creates an AI-powered crypto trading tool
Bitget, an influential entity in the fields of crypto derivatives and copy trading, has introduced a novel tool called the Martingale AI trading bot. This AI-powered innovation is engineered to help its users trade cryptocurrencies with higher efficiency.
MLB is Looking to Hire an Expert to Expand its Metaverse Presence
The Major League Baseball is looking to fill a metaverse role to boost its engagement in the space
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.
Dubai Regulator Grants Virtual Asset License to Former Singapore Legislator's Company
The VARA license allows Calvin Cheng- a former Singaporean member of Parliament, for his Web3 company to operate within Dubai’s crypto market.
Japan's Akatsuki Raises $20m Fund for Investing in Web3 Projects
Japan's Akatsuki announced that it has raised a $20 million fund for investing in web3 projects, according to The Block.
Heterosis Launches Dynamic NFT Flower Collection
Snark.art and OG.Art's Heterosis project has launched a collection of dynamic NFT flowers that can be bred and customized by users. The project creates two virtual flower markets and is housed in a metaverse greenhouse that can be accessed via various devices.
C98 News: Coin98 Ventures Rebrands to Arche Fund for Web3 Focus
Coin98 Ventures rebrands as Arche Fund, supporting Web3 projects and businesses through three pillars: Arche Ventures, Kompass, and Arche Capital, promoting adoption and ecosystem stability.
Binance CEO Changpeng Zhao to Speak at the 2023 Hong Kong Web3 Festival
Binance Founder and CEO Mr. Changpeng Zhao (CZ) confirms his attendance at the Hong Kong Web3 Festival 2023. Mr. Zhao will be the closing speaker on the Opening Day of the conference, 12 April 2023, and will deliver his speech virtually
BNB Chain Introduces Web3 Verification Tool
BNB Chain has launched a verification tool to help users identify genuine affiliations and potential threats in the Web3 space. The tool aims to prevent fake bridges, deceptive websites, and imposter social media profiles, ensuring user safety.
Coinbase CEO Criticizes Singapore's Aim to Become a Web3 Hub at Expense of Crypto Trading
Armstrong seems to say that Singapore can’t become a Web3 hub while doing away with cryptocurrency.
Mastercard Launches NFT-Gated Artist Accelerator Program
Mastercard announced a new artist accelerator program, which is NFT-gated and only accessible to holders of its Mastercard Music Pass NFT. The program is a collaboration with Polygon and offers free access to educational materials, unique AI tools, and other experiences.
Stars Arena Tightens Security Following $3M Exploit
Stars Arena, an Avalanche-based Web3 social media app, is reinforcing its security measures following a $3 million exploit on October 6, 2023. The steps include the transfer of funds to a secure multisig wallet, a comprehensive security audit, and the engagement of a white hat team for rapid security review. Users have been urged not to deposit any new funds until the security overhaul is completed.
"Web3.0 is Much, Much Better for Creators Than Web2", a16z Suggests
Renowned Venture Capital (VC) firm, Andreessen Horowitz (a16z) has shared data that shows creators have a lot of benefits when they pitch their tents with Web3.0 rather than Web2.0.
The Graph Onboards The Guild as Subgraph Developer with $48M Grant
The Graph Foundation has awarded a $48 million grant to The Guild to help develop subgraph solutions to build the We3.0 ecosystem.
Global Web3 Projects Assemble! Hong Kong Web3 Festival 2023 Releases Sponsor List
Co-hosted by Wanxiang Blockchain Labs and HashKey Group, and organised by W3ME, the Hong Kong Web3 Festival 2023 will take place from April 12 to 15.
Multinational Corporations Continue to File Trademarks in Web3, NFTs, and Metaverse
Multinational corporations, including General Motors, Lacoste, and Walmart, have continued to file trademark applications in Web3, NFTs, and the metaverse, despite the broader market downturn. In February alone, General Motors filed for two new trademark applications covering Chevrolet and Cadillac brands, while Lacoste filed five trademark applications for "CHAMPS-ELYSEES." Walmart also filed trademark applications for the "SamsClub" name and logo. Even amid the bear market, record numbers of trademark applications have been filed for NFTs, metaverse, and crypto-related products in 2022.
Abu Dhabi Women Set to Receive Free Crypto Domains to Expand Their Web3 Knowledge
To give women residing in Abu Dhabi the opportunity to expand their knowledge base and ultimately explore the Web3 world, Abu Dhabi Investment Office (ADIO) and Access Abu Dhabi have teamed up with NFT domain name provider Unstoppable Domains
CITD to Issue HK$100 Million Bonds Utilizing Blockchain
China Information Technology Development Limited (CITD) (HKEX: 8178), a leading technology company specializing in AI and cloud technologies, has announced its plan to issue HK$100 million worth of Bonds using distributed ledger technology (DLT). The proposed issuance aims to revolutionize the bond market by leveraging blockchain and smart contract technologies.
AC Milan Collaborates with MonkeyLeague to Debut e-Soccer Game
Italian soccer champion AC Milan becomes the first soccer club to partner with Web3-based NFT soccer gaming platform MonkeyLeague
Immutable launches its $500M Fund to Boost Web3.0 Gaming Adoption
Blockchain infrastructure platform Immutable has launched a new $500 million fund with which it plans to take care of emerging gaming protocols and Non-Fungible Token (NFT) startups in the Web3.0 ecosystem
a16z Announces $4.5bn Fund for Crypto and Web3.0 Startups
California-based venture capital firm Andreessen Horowitz (a16z) has launched its fourth crypto fund, the Crypto Fund IV, as it prepares to invest fully into blockchain and Web3.0 startups.
Digital Asset Protection Firm Coincover Secures $30 Million in Funding Round
Foundation Capital and CMT Digital invest $30 million in Coincover to safeguard digital assets.
Google Partners With Dapper Labs to Aid the Growth of Web3.0
Google has inked a multi-year partnership with Dapper Labs to help scale the development of Web3.0.
Report: OKX Ventures Boosts Ecosystem with Investments in Aark Digital, dappOS, and 0xScope
OKX Ventures reveals its September investments in Aark Digital, dappOS, and 0xScope, aimed at bolstering the crypto ecosystem covering Layer2 Derivatives, operating protocol, and knowledge graph protocol. These strategic investments are reflective of OKX Ventures’ continuous endeavor to fuel innovation amidst a rapidly evolving crypto landscape.
Solana (SOL) Mobile's "Chapter 2" Phone: A New Era in Web3 Mobile Technology
Solana Mobile's new web3 phone "Chapter 2" achieves unprecedented demand, selling out its first-year sales target within a single day. Priced at $450 and set for 2025 release, this device aims to make web3 tech more accessible.
Covalent Rolls Out Educational Program to Bridge Skills Gap in Web3
Covalent, a Web3 data provider that is backed by Binance Labs and Coinbase Ventures, launched an educational program aimed at bridging the data analytics skills gap for workers in Web3.
Mask Network (MASK) Bonfire Union Achieves $100 Million Milestone
Mask Network launches $100 million fund under Bonfire Union, supporting decentralized social networks and infrastructure, driving Web3 innovation, and contributing to Mastodon and Web3 education through $10 million builder initiative.
Web3 Security 2023 State Revealed, Nearly $2 Billion Lost
CertiK's "Hack3d: The Web3 Security Report 2023" provides a thorough analysis of Web3 security incidents in 2023, highlighting key vulnerabilities and trends in the blockchain and smart contract security landscape.
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.
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance has introduced Binance Megadrop, a token launch platform that combines airdrops and Web3 quests. Users can subscribe to BNB Locked Products and complete tasks in their Web3 Wallet to gain early rewards from selected Web3 projects, including BounceBit (BB), a BTC restaking chain.
Opera Browser Launches AI Prompt Feature
Opera One, the latest version of the Opera browser, now includes an AI integration known as AI Prompt, providing contextual prompts for web pages and highlighted text. The new version also includes access to other AI tools like ChatGPT and ChatSonic. The generative AI feature will enable shortened texts for accessible reads, explanations of complex ideas, and content creation. The updated browser is a Web3, "future proof" platform.
Kadena Protocol Launches $100m for Web3 Grants Initiative
Kadena Protocol, a scalable Layer-1 blockchain network has announced the launch of a $100 million Web3.0 grant to empower the growth of innovative startups looking to build on the network.
Web3 Foundation Announces Over $1.1M in Grants Under Wave 19 Program
The Web3 Foundation disclosed the conclusion of its 19th grant wave, allocating over $1.1 million to 33 projects to bolster the Polkadot ecosystem. The foundation marked its 600th grant and 1000th milestone, reflecting the growth and the fervor of the Polkadot developer community, now the second largest globally. This wave spotlighted grants enhancing smart contract capabilities on Polkadot’s ink! smart contracts, and core infrastructure improvements. The foundation continues to welcome new proposals, underlining its ongoing commitment to support the evolving Web 3.0 ecosystem.
Venom Ventures Fund Commits a $5 Million Strategic Investment in the Everscale Blockchain
Venom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has announced a strategic partnership with Everscale, a premier blockchain that aims to solve the scalability issues bogging down the Web3 industry.
Hong Kong's Financial Secretary Propels Web3 Expansion
Hong Kong's Financial Secretary, Paul, has highlighted the growing significance of digital entertainment as an economic sector. The government has allocated HKD 50 million to support a thriving Web3 ecosystem, with over 180 companies involved.
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.
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.
Nansen CEO Predicts Six Key Trends in Crypto
Nansen.ai CEO, Alex Svanevik, outlined six pivotal crypto trends on Twitter, emphasizing the synergy of fintech and crypto, DeFi's potential in gambling, the growing relevance of real-world assets like T-bills, the impending rise of Web3 gaming, SocialFi's development, and Physical NFTs' retail integration. The thread also welcomed community input, reflecting on other emerging trends like blockchain in fantasy sports.
Circle Partners With Grab for Web3 Pilot in Singapore
Circle Internet Financial and Grab are partnering to pilot Web3 customer experiences in Singapore. The 'Grab Web3 Wallet' will integrate Circle's Web 3 Services platform into the Grab app, offering users a seamless experience with blockchain-enabled wallets. This pilot aligns with Singapore's Project Orchid initiative, aiming to explore the potential of digital currencies and blockchain technology in real-world applications. Circle's Web3 Services represent a bridge between Web 2.0 and Web3.
Web3.0 Game Developer Xterio Secures $40M Fund from FunPlus
Xterio, a Web3.0 game developer has pulled the sum of $40 million in a new funding round that has earned the Swiss-based startup a valuation of $300 million
STEPN Commits to Donate $100,000 Monthly towards Carbon Removal
Move-to-earn Web3 running application STEPN has made a commitment to donate $100,000 monthly towards carbon removal as part of its Earth Day goals.
Google's Parent Company May Utilize Blockchain to Revamp its Existing Products
Alphabet Inc, the parent company of search engine giant Google, is not ready to play the second fiddle when it comes to blockchain technology, marked by the company’s in-depth research into the emerging tech.
OKX and Manchester City’s Rúben Dias Debut ‘Train Like Dias’ Global Metaverse Training Experience
OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, today debuted ‘Train Like Dias’ its first ‘OKX Collective’ immersive metaverse fan experience featuring OKX ambassador and Manchester City player Rúben Dias.
Mastercard Launches Web3 Musician Accelerator With Polygon
Mastercard launched a Polygon-based accelerator program for Web3 artists. Five international performers will be mentored by the business to establish their Web3 music brands. For those not chosen for the program, Mastercard is offering the Mastercard Music Pass NFT collection.
Arbitrum DAO Explores Grants to Boost Web3 Gaming Development
Arbitrum DAO is discussing grants to support Web3 gaming, with phases of development receiving $100,000 to over $1.5 million. This effort aims to capitalize on the growing $272 billion gaming industry, enhance Arbitrum's gaming ecosystem, and position it competitively in the Web3 space.
Former Coinbase Executive Joins Magic Eden as Head of Product
Former Coinbase executive, Linus Chung, joins Magic Eden as Head of Product. Chung will lead product development, enhance user experience, and drive growth.
Abu Dhabi-based Venom Foundation creates $1B Web3 and blockchain fund.
Abroad. Venom Foundation and Iceberg Capital announced a $1 billion agreement to finance Web3 and blockchain companies. Venom Ventures Fund will invest in payments, asset management, DeFi, and GameFi protocols and Web3 DApps. The investment fund will target entrepreneurs and IT companies to employ Venom's scalable, proof-of-stake blockchain system.
Fetch.ai Enhances Web3 Adoption after Onboarding 40,000 New Users
Fetch.ai’s push to a Web3-driven digital economy gained steam after onboarding 40,000 unique and active users from Get My Slice (GMS), a leading consumer-centered data marketplace.
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.
Web3.0 Game Startup Wildcard Alliance Pulls $46M in Series A Funding
Wildcard Alliance, a new Web3.0 gaming startup has raised $46 million in a Series A funding round led by Paradigm Capital.
Binance Web3 Wallet Enhances Crypto Accessibility with Solana (SOL) Integration
Binance's Web3 Wallet now supports Solana, allowing users to manage tokens and access dApps directly, boosting the interoperability and utility of its platform.
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.
Saudi's $250M Tech Innovation Boost with Hashgraph (HBAR)
The Hashgraph Association and Saudi Arabia's Ministry of Investment have launched a $250M DeepTech Venture Studio in Riyadh, supporting over 500 companies in developing advanced AI, blockchain, and VR solutions.
Web3 Revolutionizes Startup and Investor Landscape
Professionals at Paris Blockchain Week 2023 discuss how Web3 disrupts traditional business models and offers new opportunities for startups and investors. Different cultures in Web3 and Web2 startups were analyzed, with emphasis on the role of investors in Web3 and the challenges faced by startups.
NFT Royalties Fall Short in Web3 Ecosystem
Loss of creator royalties in the NFT space could be higher than estimated, with Bored Ape Yacht Club and Mutant Ape Yacht Club experiencing shortcomings of around $20 million. This points to previous estimates of $35 million likely being too small. Despite efforts to enforce creator royalties, Boris Pevzner, co-founder and CEO of LiveArt, says the current system is not working as it should, potentially causing artists to lose interest in the industry.
Web3 Hackathon on Astar sponsored by Toyota Motor Corporation
Toyota Motor Corporation, Japan’s largest conglomerate with over 330,000 employees worldwide, is sponsoring its first ever global Web3 hackathon. It has chosen Astar Network, the smart contract platform for multichain, to make Web3 use cases for Toyota’s employees.
Binance Raises $500m Crypto Fund to Enhance Blockchain & Web3 Adoption
Binance has raised $500 million funds to invest in projects that propel crypto use cases and aid the adoption of blockchain and Web3 technologies.
OKX Ventures Fuels Moonbox's AI and Web3 Ambitions with $1M Investment
OKX Ventures invests $1M in AI and Web3 startup Moonbox, aiming to boost development of AI-powered NFTs. The funding will accelerate product growth and promote the integration of AI and Web3.
Pakistan Eyes Educating 1 Million Youths on Crypto and Web3
To expand the knowledge base of 1 million youths on blockchain-based technologies, crypto and web3, the Pakistan administration has partnered with Fasset and JazzCash through the Prime Minister’s Youth Program (PMYP).
Uniswap Labs Unveils New Venture Capital Unit Focused on Web3 Projects
Uniswap Labs Ventures seeks to become a catalyst for the new web3 economy by supporting innovative and disruptive firms that are creating new financial applications and concepts.
Ethics of Web3 Discussed at Paris Blockchain Week
The second day of Paris Blockchain Week 2023 featured a panel discussion on the Ethics of Web3. The panelists agreed that ethical frameworks often lag behind technology and that innovation comes before any ethical standards are implemented. They highlighted the upcoming Markets in Crypto-Assets framework in the European Union as an example of turning ethics into law to protect people and innovation.
Binance Labs Funds Delphinus Lab's zkWASM VM for Web3 Evolution
Binance Labs invests in Delphinus Lab's pioneering zkWASM VM, aiming to boost the Web3 app landscape with enhanced privacy and efficiency.
HashKey Group Secures $100 Million in Series A Funding
HashKey Group raised $100 million in a Series A financing round, reaching a pre-money valuation of $1.2 billion. The Hong Kong-based company plans to use the funds to enhance its Web3 ecosystem and expand its Hong Kong business.
Siemens Issues World's First Blockchain Bond
Siemens claims that "releasing the bond on a blockchain provides a variety of advantages compared to prior approaches," including removing banks as middlemen.
Mastercard Launches Web3 Solution for Crypto Verification
Mastercard has launched a new Web3 solution called "Mastercard Crypto Credential" aimed at enhancing user verification standards in the digital asset space. The solution is designed to provide a unique identifier to users, enabling them to instantly verify that an address they want to send funds to has been vetted by Mastercard and has been operating in compliance with the firm's standards. The solution will support compliance through the exchange of metadata and help reduce the opportunities for bad actors.
QuickNode Closes $60 Million Funding Round
QuickNode raised $60 million. Series B was the company's biggest round since October 2021. Quick Node hosts 16 blockchains, including Ethereum, Matic, Optimism, Arbitrum, and Solana.
PGA Tour Partners With Autograph to Create Digital Collectibles Platform
PGA Tour has partnered with Autograph, an NFT platform co-founded by the legendary quarterback Tom Brady to create a new digital collectables platform, focusing on the Golf World.
Azuki's Twitter Account Hacked, Over $750,000 Stolen
Azuki, a popular nonfungible token project, had its Twitter account hacked, stealing almost $750K in USDC in 30 minutes.
Hong Kong to Host One of Asia's Largest NFT Exhibitions in June
One of the largest non-fungible tokens (NFTs) exhibitions in Asia titled "ARTAVERSE" will be hosted in Hong Kong starting on June 3.
Polygon Launches Web3 .polygon Domains with Unstoppable Domains
Polygon and Unstoppable Domains have partnered to offer the ability to create Web3 .polygon domain names, enabling users to log into Web3 applications, use human-readable wallet addresses, and create decentralized websites. The service will be available to an estimated 180 million users and 40,000 services across the Polygon blockchain ecosystem. Unstoppable Domains makes use of Polygon to mint decentralized domains with zero gas fees. Users will be able to use .polygon domains to create digital identities that are compatible across 750 applications, games and metaverse platforms, as well as to login to web apps, act as cryptocurrency wallet addresses, and create decentralized websites.
SPACE ID and Polyhedra Unite for .zk Domain and ZK Interoperability
SPACE ID collaborates with Polyhedra Network, launching .zk domains and enhancing Web3 interoperability with ZK proofs and a community airdrop.
Revolut Launches Learn & Earn Program in Partnership with Polkadot
Revolut, a London-based financial technology company that offers banking services, has announced the launch of its flagship ‘Learn & Earn’ education courses.
PureFi Introduces SafeTransact to Enhance Web3 Security
PureFi has launched SafeTransact, a new security method that examines blockchain transactions and notifies users of any suspicious activities. The system is designed to integrate with AMLSafe, a multi-crypto wallet from the same ecosystem. SafeTransact aims to improve the security of Web3 transactions and address the potential hacking threats to blockchain networks.
HashKey Exchange and Animoca Brands Unite to Boost Web3 in Asia
HashKey Exchange partners with Animoca Brands to foster Web3 and digital entertainment in Asia, leveraging their strengths in virtual assets and blockchain gaming.
Unstoppable Domains Partners With Multiple Firms to Support Women of Web3.0
Unstoppable Domains has launched Women of Web3.0, an initiative that seeks to recognize and empower women and other marginalized groups in the growing world of Web3.0.
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.
Axie Infinity's 2023 Journey: Surpassing Challenges and Achieving Web3 Dominance
Axie Infinity experienced significant growth in 2023, enhancing user engagement and financial performance with key developments like Axie Core and Axie Evolution, leading in NFTs and blockchain gaming.
OKX Survey: 83% of Community Expects More ETH Staking Around Shanghai-Capella Upgrade, 63% See New Record High by End of 2023
OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, today released the findings of a survey on the perceived market impact of the two-part Shanghai-Capella (a.k.a. Shapella) upgrade, which is slated for April 12 and will enable withdrawals of staked ether (ETH).
CoinFund Secures $158M for Seed IV Fund, Surpassing Initial Goal
According to Blockchain.News, CoinFund has successfully raised $158 million for its Seed IV Fund, exceeding its initial target of $125 million. This achievement underscores the firm's commitment to fostering innovation in the web3 ecosystem.
Humanity Protocol Receives Major VC Funding for Web3 Digital Identity Solution
Humanity Protocol has secured strategic investment from top VCs, advancing its mission to create a sybil-resistant digital identity layer for Web3.
Blockchain Gaming N3TWORK Studios Secures $46M in Series A Funding
Blockchain gaming startup N3TWORK Studios has secured $46 million in Series A funding led by venture capital firm Griffin Gaming Partners.
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.
Circle Launches Circle Research with Perimeter Protocol
Circle launches 'Circle Research' to further technical innovation in crypto, blockchain, and Web3 through open-source research. The initiative's first contribution, Perimeter Protocol, sets a new standard for building on-chain credit markets. Circle releases the Perimeter white paper and public GitHub Repo to advance open protocol transacting with a focus on credit, catering to a wide range of credit scenarios.
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.
STEPN Integrates Apple Music into Web3 App
Apple and STEPN have collaborated to integrate Apple Music into the STEPN app, marking a second milestone following the Apple Pay integration. This move signifies the growing acceptance of Web3 apps and a step towards bridging the Web2 and Web3 divide, enhancing user experience, and signaling future collaborations between traditional and decentralized tech platforms.
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.
Crypto Executives Launch Investment Firm Tangent to Help Web3 Startups Growth
The launch of Tangent comes amid financial market turbulence that has triggered venture capital funds to slow down investment in the tech sector.
Valkyrie Establishes $30m Venture Fund, Investing in Crypto & Web3 Projects
Valkyrie has announced the launch of its $30 million venture capital fund focused on backing potential startups that are advancing global blockchain and web3 adoption.
Nissan Expands Web3 Efforts with Trademarks and Metaverse Auto Sales
Nissan has filed four new Web3-related trademarks in the US and is experimenting with auto sales in the metaverse in Japan. The trademarks cover its Infiniti, Nismo, and Nissan brands and include plans for virtual goods and a nonfungible token (NFT) marketplace. Nissan Japan is conducting a three-month "demonstration experiment" of its virtual store "Nissan Hype Lab," allowing customers to "study, consult, test drive and purchase Nissan vehicles" while in the metaverse. The company's moves are in line with other car manufacturers, including General Motors and Ford, who have also been actively filing trademark applications for Web3, crypto, NFTs, and the metaverse.
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
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.
Revolutionizing the NFTs- Telept City Launches Cutting-Edge AIGC NFT Platform for Web3
Telept Inc., a Web 3.0 startup, has announced today the launch of a ground-breaking first-mover Web PC platform Telept City, which empowers participants to create one-of-a-kind AI generated Non-Fungible Token (NFT) called X-Native. With its cutting-edge AI Generated Content (AIGC) image generation model that has undergone rigorous fine-tuning utilizing a vast database of images, and coupled with an intuitive game-like user interface, provides a novel and accessible AI Web 3.0 experience for participants of all levels.
Decima Fund Secures 4.5 Billion Yen to Bolster Web3 Ventures in Japan
Decima Fund, a specialized Web3 venture fund, announces the successful closure of approximately 4.5 billion Yen in capital to support the global expansion of Japanese Web3 ventures.
Digital Asset Firm Hashdex to Launch Web3 ETF on the Brazilian Stock Exchange
The Web 3 ETF (WEB311) will track Web 3 firms that are expected to benefit from technology infrastructure.
The Metaverse: The Future of Social Life?
In December 2022, CoinWire polled 10,000 crypto investors. 69% of respondents expected the metaverse to change social lifestyle with a new entertainment model, and 65% expected it to affect social activities.
Cointelegraph has launched an Accelerator program for innovative Web3 startups
The program aims to help Web3’s rising stars boost their media presence, community growth and brand awareness in exchange for project tokens.
Binance Charity Donates $100,000 in Georgia to Empower Women through Web3 Education
In celebration of International Women's Day, Binance Charity, the philanthropic arm of Binance, the world’s leading cryptocurrency and blockchain infrastructure provider, has announced a $100,000 donation to Georgia's Innovation & Technology Agency (GITA) to support web3 education and training. As a result of the partnership, more than 100 women will be able to study professional courses in Web3 and get support to move into the job market.
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.
Alibaba's Largest E-commerce Platform Taobao Firstly Presents NFT Artworks in Festival Week
China's largest e-commerce website, Taobao, a subsidiary of Alibaba Group, exhibited artworks in the form of NFT for the first time in the recent Shanghai Taobao Maker Festival.
Coin98 Debuts Decentralized App Store on NEAR's Blockchain Operating System
Coin98 has launched a decentralized app store on NEAR's Blockchain Operating System, providing seamless access to top L2 and DeFi protocols for over 7 million users.
CoinFund Launches $300m Web3 Fund to Invest in Early Stage Startups
CoinFund is cryptonative investment company. The firm has established a $300 million crypto fund that targets web3 startups.
HashKey Group Announces HashKey Chain
HashKey Group is set to expand its Web3 Ecosystem with the launch of HashKey Chain, a ZK-proof based Ethereum Layer-2 platform, leveraging its token HSK for ecosystem incentives.
OKX Wallet is First in Web3 to Utilize Leading-Edge MPC Technology Together With Support of 37 Blockchains
OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today upgraded its OKX Wallet to become the first Web3 wallet to utilize leading-edge multi-party computation (MPC) technology in combination with its support of an industry-best 37 blockchains.
Binance Announces $90K DODO Token Airdrop for Web3 Wallet Users
Binance launches a new airdrop campaign offering $90,000 in DODO tokens to users of its Web3 Wallet, incentivizing adoption and trading on its platform.
Coinbase Secures Major Payment Institution License from Singapore's Monetary Authority
Coinbase has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), marking a significant milestone in its expansion into the Asian market. The license will enable Coinbase to offer digital payment token services to both individual and institutional clients in Singapore. This move aligns with the company's strategy to tap into Singapore's growing crypto and Web3 ecosystem.
Abra Opens New Division with Yield and Web3 Investment Services for Premium Clients
Abra continues to offer tailored-made investment solutions to Investors by opening a new division.
Blockfence and Forta Network Collaborate to Enhance Web3 Users’ Security
Blockfence, a security aggregation provider, has teamed up with Forta Network, a decentralized monitoring network specializing in Web3 threat detection and prevention. This collaboration aims to improve the security of Web3 users by identifying suspicious Ethereum smart contracts using Forta's monitoring platform. As a result, Blockfence users will be better protected from potential losses caused by wallet drainers, phishing, and other scams.
Utopia Labs Raises $23m in Series A Led by Paradigm Capital
Utopia Labs, a Decentralized Autonomous Organization (DAO) management startup has announced it has raised $23 million in a Series A funding round led by Paradigm Capital.
Dubai Seeks to Become Hub of Metaverse
Dubai has set the ball rolling to improve people’s lives and render creative solutions by positioning itself as the global capital of Web3 through its new blockchain and metaverse technology.
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.
Binance Web3 Wallet Enhances Functionality with Blast Network Integration
Binance's Web3 Wallet now supports the Blast Network, offering users an Ethereum Layer 2 scaling solution with built-in yield opportunities for ETH and stablecoins.
PlayDapp's $31 Million Hack: A Blow to Blockchain Gaming Security
PlayDapp, a prominent NFT marketplace, experienced a security breach, resulting in the unauthorized minting of $200 million PLA tokens, worth $31 million.
KuCoin Rolls Out Decentralized Crypto Wallet to Aid Web3.0 Exploration
The Seychelles-based crypto exchange KuCoin has rolled out a decentralized product dubbed KuCoin Wallet, supporting multiple tokens trading and multi-chain aggregation.
Polygon and Google Cloud Partner for Ethereum Scaling Tools
Polygon Labs and Google Cloud have partnered to enhance the development of Ethereum scaling protocol's infrastructure and tools. Google Cloud's framework and developer tools will benefit Polygon's core protocols and simplify developer integration to build, launch and grow Web3 products and decentralized applications (DApps) on Polygon. The partnership is expected to advance Polygon's zero-knowledge development, resulting in faster and cheaper transactions. Polygon will use Google Cloud's Blockchain Node Engine to remove the need for Polygon developers to configure and run Polygon PoS nodes.
Beijing Releases Web 3.0 Innovation and Development White Paper (2023) at Zhongguancun Forum
On May 27, 2023, the Beijing Municipal Science and Technology Commission and the Zhongguancun Science and Technology Park Management Committee unveiled the "Beijing Web 3.0 Innovation and Development White Paper (2023)" at the parallel forum of the Zhongguancun Forum titled "Web 3.0: Future Development of the Internet Industry."
BIGG to Acquire Web3 Company TerraZero in $20M Deal
BIGG Digital Assets plans to acquire TerraZero Technologies Inc. for $20 million, a metaverse company with a 161% growth in Q1 2023. TerraZero will create a subsidiary for BIGG, with TerraZero's CEO serving a 12-month term.
Metaverse Will Bring About the "Construction of New Economies" - Animoca CEO
Animoca Brands CEO, Yat Siu sees the GameFi ecosystem as a major avenue to welcome people into the new economy the metaverse is creating
Breaking: Ripple XRP Acquires Web3 Financial Institution Fortress Trust
Ripple has acquired Fortress Trust, a subsidiary of Fortress Blockchain Technologies, which offers Web3 financial, regulatory, and technological solutions for blockchain pioneers. The acquisition strengthens Ripple's business and product trajectory, following its $250M purchase of Metaco in 2023. The merger extends Ripple's regulatory credentials, including a Nevada Trust license and 30+ Money Transmitter Licenses across the US and Singapore.
Xternity migrates Solana multiplayer Web3 game for Polygon
Polygon and Xternity migrated Synergy Land, a multiplayer Web3 game from Solana, to Polygon. Solana-compatible wallets are linked, burned, then recreated on Polygon. Polygon's update reduces gas charge spikes and fixes chain rearrangement.
Islamic Coin Launches Community Rewards on Haqq Network
Islamic Coin announces a Community Rewards program to appreciate and engage its community. The #ISLM Rewards, launched on October 11, 2023, comprises three waves targeting different engagement levels and community segments. The initiative aims at fostering a Shariah-compliant Web3 financial ecosystem, with the first distribution of rewards commencing on October 11, 2023. The program, however, excludes Dubai residents from participating.
Blockchain Labs and HashKey Capital Launch Future3 Campus, a Web3.0 Innovation Incubator
Blockchain Labs and HashKey Capital have announced a joint initiative to establish Future3 Campus, a Web3.0 innovation incubator aimed at promoting the global Web3.0 ecosystem.
Venom Blockchain Partners with DAO Maker to Incubate Web3 Startups Focused on Real-world Use Cases
Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a partnership with DAO Maker, a leading blockchain growth solutions provider known for their Launchpad, to incubate promising Web3 startups focused on delivering real-world use cases.
Enhancing Metaverse Integration: My Neighbor Alice joins the Board of Directors of OMA3
My Neighbor Alice, the fully-decentralized open-world game, is proud to announce that its Chief Product Officer (CPO) has joined the board of directors of OMA3 (“Open Metaverse Alliance for Web3”).
Investors Interested in Digital Assets Despite Volatile Market
Bitcoin attracted $69 million in inflows, 90% of the week's total, according to CoinShares.
Ninety Eight Launches $25M Ecosystem Fund to Boost Web3 Startups in Asia
Ninety Eight, transitioning from Coin98 Finance, has launched a $25M Ecosystem Fund to support Web3 startups in Asia, leveraging the Viction blockchain and $C98 token.
UAE and OKX Unveil Framework for Metaverse Self-Governance
The UAE AI Office, in collaboration with Web3 tech firm OKX, has released a whitepaper on a "Responsible Metaverse Self-Governance Framework" to address the growing influence of the metaverse and the need for standardized operational guidelines. The report stresses international cooperation for establishing self-regulatory principles ensuring transparent, safe, and ethical metaverse operations.
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.
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.
Crypto Assets Conference 2023 (CAC23A) | March 29 to March 30, 2023 | Frankfurt School of Finance & Management
As crypto jargon makes its way into everyday business, Bitcoin and Ethereum disrupt the traditional understanding of currencies and the use of DeFi in traditional banking is increasingly inevitable - the world of digital assets evolves and matures in unprecedented style. With Web3 having the ability to revolutionize how society interacts and tokenization transforming the concept of ownership, blockchain technology has more use cases than ever before. Increasingly, established industries adapt to these use cases and a future without digital assets becomes unthinkable.
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.
Mastercard Amplifies Artist Exposure with Season 2 of Accelerator and Live Tour
Mastercard's Artist Accelerator enters its second season, collaborating with OnesToWatch to empower emerging artists with live tours and Web3 tech mentorship.
Bakkt to Shift Focus to B2B Technology Solutions
Bakkt said it would continue to provide crypto and loyalty experiences via SaaS and API solutions on a secure platform.
ShareRing Integrates New Website with Blockchain-Based Digital Identities
To tackle the challenge of the loss of autonomy on personal data experienced in Web2, ShareRing has launched a new website with blockchain-powered digital identities that will usher in the Web3 era.
Bitget Wallet Surpasses 20M Users, Solidifying Position in Global Web3 Arena
Bitget Wallet achieves a landmark 20 million users, becoming the fourth-largest Web3 wallet globally, with its unique offerings and strategic innovations.
Launch House Announces $10M Fund for Web3.0 Startups
Launch House, a private community focused on connecting and supporting top entrepreneurs, launched its first fund, House Capital, with a $10 million commitment to invest in early-stage firms within the community and high-growth startups outside.
Hong Kong Web3 Festival 2023, Hong Kong’s Largest-Ever Premier Digital Asset Event, is here.
A Platform for Worldwide Leaders to Discuss the Latest Web3 and Blockchain Trends
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.
Binance Rolls Out Crypto Tourism
Binance has launched an inaugural crypto-sponsored vacation dubbed crypto tourism meant to illustrate simple, secure, and efficient travel in Web 3.0.
Solana Gum Protocol Shuts Down
Gum protocol on Solana ecosystem is shutting down due to market conditions and revenue issues, raising concerns about the sustainability of protocol-layer projects.
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.
Mantle Core Proposes $200M Fund for Web3 Startups
Mantle Core has submitted a proposal to create a $200 million fund for early-stage Web3 startups, aiming to boost adoption of its Ethereum layer-2 network, Mantle, among developers and Dapps. BitDAO's treasury would provide $100 million in USD Coin, while another $100 million would come from external matching capital from strategic venture partners. The Mantle EcoFund and venture partners will participate in projects with a 1:1 co-investment ratio, targeting Web3 startups raising pre-seed, seed, and series A rounds.
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.
WalletConnect Pulls $11M in Venture Capital Funding
Digital Currency infrastructure services provider, WalletConnect has raised the sum of $11 million in a Series A funding round from venture capital investors.
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.
Friend.Tech Boosts Security with CoolWallet on Base Chain
Friend.tech, a decentralized social network on Base's Ethereum layer-2 chain, has seen rapid growth but also faces security risks from phishing attacks. To address this, CoolWallet has launched a Web3 Guardian competition to promote its Web3 SmartScan feature, which screens transactions for malicious behavior.
Binance Floats €100M Investment in France
Binance cryptocurrency exchange is extending its regional footprint in the European Union with a €100 million investment in France.
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.
Mobile Game Publisher Kongregate Launch $40M Fund for Web 3 Developer
Mobile game publisher Kongregate has partnered with Immutable X, Ethereum's leading Layer 2 (L2) scaling solution, to launch a $40 million blockchain developer fund.
NFTs Get Security Boost with New Warranty Service
Wert and Avata have launched a new nonfungible token (NFT) warranty service, providing coverage for up to 90% of the value of compromised digital assets in a smart contract hack. The service will be available on 80 digital asset marketplaces and will be charged at 6% of the asset cost at checkout. The offering aims to encourage mass adoption of NFTs by reducing risk for both active and prospective collectors.
Crypto Messaging Platform Lines Raises $4M in Seed Round
Crypto messaging platform Lines has raised $4 million in a seed round. The company aims to build an app to solve issues like no verifiable communications platform in the industry.
Coin98 (C98) Super Wallet Joins Forces with JamboPhone to Accelerate Web3 Access in Asia
Coin98 Super Wallet partners with JamboPhone, integrating its wallet into the device to boost Web3 adoption in Asia's emerging markets.
Prime Minister of Japan Fumio Kishida Comes Out in Support
On Feb. 1, Prime Minister Fumio Kishida addressed the House Budget Committee on DAOs, NFTs, and Web3.
Gemini Report Shows Women Lagging Behind Men in Web3 Investments
Gemini's report showed that women make up only 26% of Web3 investors.
Orbs and Fantom Integrate to Push the Boundaries of Web3
The bridge between the major blockchain networks has set its sights on one of the new contenders to join the race for Web3, Fantom
Playful Studios Launches Web3 Game Division, Raises $46M in Series A Funding
The Wildcard Alliance, Inc., a new mobile Web3 division launched by Taxes-based Playful Studios, is an ecosystem that focuses on democratizing access to web3 game development.
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".
MetaMask Snaps Elevate Security and Interoperability in the Web3 Space
MetaMask introduces security-focused Snaps, including collaborations with Tenderly and Sayfer, and extends functionality through integration with Hedera, marking a significant enhancement in wallet security and user experience.
Avalanche (AVAX) Ignites Web3 Commerce with Alipay+ D-Store Voucher Initiative
Avalanche partners with Alipay+ to launch a Web3-enabled voucher program, offering discounts on milk teas across Southeast Asia, leveraging Avalanche Subnets.
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.
Gate.io to Launch Crypto Exchange in Hong Kong Following Government's $6.4M Investment in Web3
Hong Kong's current budget allocates millions to the Web3 and crypto industries to "keep up with the times," allowing Gate.io to establish a local presence.
Huobi and Gala Games Form Partnership for Web3 Development
Cryptocurrency exchange Huobi Global has partnered with blockchain-based play-to-earn gaming platform Gala Games to invest in and list projects within the Gala ecosystem. The collaboration is expected to enhance Huobi's Web3 objectives and allow integration with Gala's layer-1 blockchain.
Hong Kong Security Chief Vows to Hunt Down JPEX Crypto Scam Ringleaders
Hong Kong authorities are intensifying efforts to apprehend the key operators behind JPEX, a cryptocurrency platform implicated in the city's largest alleged financial fraud. The police have arrested 15 individuals and seized assets worth HK$85 million ($10.8 million). Financial Secretary Paul Chan Mo-po emphasized the need for a proper regulatory framework for Web3-related businesses.
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.
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.
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."
Hedera (HBAR) and Algorand (ALGO) Form DeRec Alliance for Decentralized Recovery
Hedera and Algorand ecosystems have united to form the DeRec Alliance, introducing a new standard for simplified and secure digital asset recovery, aiming to revolutionize the Web3 experience.
Near Foundation Launches New $100m Web3.0 Fund
Near Foundation, the Switzerland-based Non-Profit in charge of the Near Protocol has announced the launch of a new $100 million Web3.0 fund.
YouTube New CEO is Web3-friendly
Given the new CEO's emphasis on Web3's prospects, YouTube may undergo a Web3 shakeup.
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
Binance has launched the BounceBit (BB) Megadrop, inviting cryptocurrency enthusiasts to participate by subscribing to BNB Locked Products or completing Web3 Quests. The BB token will be listed on Binance on May 13, 2024, offering various trading pairs and maximizing rewards.
Asia Crucial to Web3 Gaming Industry
A report by DappRadar highlighted the importance of Asia in the Web3 gaming industry, due to the region's majority share of gamers and gaming revenue, as well as its high interest in blockchain technology. While China prohibits gaming companies from integrating blockchain technology, Japan and South Korea are leading the way in adopting blockchain technology in gaming.
Web3 Security Losses Skyrocket to $889.26M in Q3 2023, Says Beosin Report
The Q3 2023 Global Web3 Security Report, jointly initiated by Beosin and SUSS NiFT, reveals a concerning escalation in the Web3 security landscape. The report shows that losses from hacks, phishing scams, and rug pulls reached $889.26M in Q3 2023, exceeding the combined losses of the first two quarters. The report also highlights the increasing threat posed by North Korea's Lazarus group.
Indian Finance Minister Urges Banks to Use Web3 Technology to Detect Fraud
Indian Finance Minister Nirmala Sitharaman called on banks to use technologies such as Web3 and AI to detect fraud and generate early warning signs at the 75th Annual General Meeting of the Indian Banks Association in Mumbai on September 18.
UXLINK Secures Over $9M in Funding
UXLINK, a Web3 social platform, secures $9M funding led by OKX Ventures, Web3Port Foundation, and HongShan, for its bi-directional social networking approach, marking global confidence in its innovative model.
MAS Pledges S$150 Million for Tech and Innovation in Finance including Web3
MAS commits S$150M for financial tech innovation, including Web3, under the FSTI 3.0 scheme, aiming to strengthen the sector's digital capabilities.
Cake DeFi Floats $100M Venture Fund for Web3.0
Cake DeFi, a Singapore-based decentralized finance investment platform, has launched its new $100 million venture capital arm.
DTCP Capital to Invest $300M in High Tech Startups Including Web3.0 Protocols
Digital Transformation Capital Partners (DTCP) has announced the accumulation of $300 million for its Growth Equity III Fund to support high-tech startups in their early growth stages.
China's Shanghai Prioritizes Blockchain, Web3.0, and Metaverse in Three-Year Manufacturing Development Plan
Shanghai, a front-runner in the deployment of emerging technologies in China, has recently announced its ambitious "Three-Year Action Plan for Promoting High-Quality Development of Manufacturing (2023-2025)." This strategic initiative was revealed by the Shanghai Municipal Government Office, highlighting the city's commitment to accelerating the development of its digital economy with a focus on Blockchain, Web3.0, and the Metaverse.
CharacterX Raises $2.8M for AI-DrivenAI Social Networking, Led by Lightspeed
CharacterX, a Stanford-initiated decentralized AI social network, secures $2.8M funding, blending AGI and blockchain to innovate social interactions, with significant user growth and technological advancements.
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.
Web3 Gaming Platform LootRush Raises $12m in Seed Round
Web3 gaming platform LootRush has raised $12 million in seed funding led by crypto company Paradigm, aiming to make playing Web3 video games easier and more convenient for users.
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.
a16z Leads Blackbird's $24M Series A Funding to Elevate Dining Experiences Through Web3
a16z leads Blackbird’s $24M Series A funding round to foster a web3-enabled platform aimed at revolutionizing dining experiences and financial prospects for restaurants. Announced on October 4, 2023, this investment marks a significant stride towards intertwining blockchain technology with the gastronomic sector, heralding an enriched era of dining engagements.
Spotify Intends to Add NFTs to Streaming Service: Report
Spotify seems to be making an entry into the NFTs technology. The streaming music platform is looking for talents to work in the early stages of Web3 projects.
OKX and Google Cloud Host Successful Hackathon for Decentralized Applications on OKT Chain
OKX, the second largest crypto exchange by trading volume and a leading Web3 technology company, has teamed up with Google Cloud to host the OKX Hackathon to drive growth and innovation of the blockchain ecosystem. The three-day event, held in Silicon Valley, aimed to encourage developers to build decentralized applications on OKT Chain, a leading layer 1 blockchain built on Cosmos.
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.
Sui Foundation Allocates Over $1M to 17 Emerging Projects
The Sui Foundation has earmarked over $1.05 million for 17 new projects aimed at bolstering the development and adoption of Sui. This initiative encompasses a wide range of sectors within the Sui ecosystem, including DeFi, gaming, and on-chain solutions, showcasing the foundation's dedication to fostering innovation and expanding the decentralized platform.
Polygon Founder-Led Web3 Accelerator Beacon Hosts Inaugural Demo Day
Beacon, positioning itself as the most founder-friendly accelerator started by Sandeep Nailwal (an accomplished web3 builder in his own right), hosted its inaugural Demo Day today. Graduates of Beacon’s first cohort presented their ideas on various sub-sectors of the crypto-economy, such as gaming, infrastructure, decentralized lending, and developer tooling. This group, known as Cohort 0, was described as “the MVP of Beacon” by the program’s core contributor Sandeep Nailwal, co-founder of the Polygon blockchain. Looking ahead, Nailwal plans to expand the program by running two Cohorts of 20-25 companies twice per year.
NEAR Foundation Announces 40% Workforce Reduction in Strategic Realignment
The NEAR Foundation has announced a 40% reduction in its workforce, impacting 35 team members, as part of a strategic realignment to focus on high-impact activities and further decentralize the ecosystem. Despite this change, the Foundation maintains strong financial health and a commitment to advancing key areas in the Web3 space.
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.
My Neighbor Alice makes history on NFTb by becoming the first native token on the platform.
My Neighbor Alice native token, ALICE, will soon be available to trade with other currencies on the Binance-backed Web3 Gaming platform, NFTb.
OKX Launches Dias Metaverse Fan Experience
OKX, a cryptocurrency exchange and Web3 technology developer, has announced the launch of a metaverse fan experience in collaboration with Manchester City footballer Rúben Dias. The immersive experience allows fans to virtually experience Dias’ favorite training techniques and receive coaching and tips.
Axie Infinity's Ronin Network Expands with New Games
Sky Mavis has announced that four gaming studios will be launching games on the Ronin Network, expanding its native gaming ecosystem. The move is aimed at creating more community-centric, rewarding, and fun gaming experiences while also attracting more users to the Web3 space.
Mastercard to Enable Payments for NFTs, Web3
Mastercard has announced that the payment firm is working to enable NFT commerce with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and Web3 infrastructure provider MoonPay.
Reddit Intends to Tokenize Karma Points and Onboard Half a Million Users to Web3
Reddit reportedly plans to decentralize social media, with its latest plans being to tokenize Karma Points using the Ethereum blockchain.
Japanese Entertainment Conglomerate Konami Enters Metaverse by Offering Web3 Jobs
Japanese entertainment firm Konami is hiring more talents on Web 3 to enable it to expand its footprint into the metaverse space.
Magic Eden Floats New Venture Unit to Double Down on Web3 Gaming
Magic Eden has announced the establishment of its own venture outfit dubbed Magic Ventures with a focus on bootstrapping Web3.0 gaming protocols.
Radix and LayerZero Partner to Enhance Web3 Interoperability
Radix has partnered with LayerZero to integrate LayerZero with the Radix Babylon public network, encouraging cross-chain communication and asset transfers to the Radix ecosystem. Interoperability enables decentralized applications to collaborate and integrate, broadening the scope of features they offer, enhancing functionality, and improving security.
HK legislator's company will attract 1,000 Web3 startups in three years.
Hong Kong legislative council member Jonny Ng Kit-Chong created a startup accelerator to lure 1,000 Web3 enterprises to the city-state. The engineer and politician owns over 40 enterprises. Hong Kong's government is pushing G-crypto Rocket's hub proposal.
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 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.
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.
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.
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."
Polygon to Hire 200 New Workers despite Market Downturn: Bloomberg
Polygon’s Head of Human Resources, Bhumika Srivastava said the Layer-2 scaling solution has plans to hire as many as 200 new staff before the end of the year.
Bored Ape Yacht Club wins legal battle
Bored Ape Yacht Club (BAYC) creator Yuga Labs has won a legal battle against copycat non-fungible token (NFT) project RR/BAYC. The United States District Court found that the co-creators of RR/BAYC had infringed Yuga Labs’ trademarks, and Yuga Labs is entitled to an injunction and damages. In other news, Mandala Metaverse has chosen Polkadot to host its first major NFT drop, Final Fantasy developer Square Enix has partnered with Elixir Games for blockchain gaming, and a free-to-play multiplayer NFT cricket strategy game called Cricket Stars has launched on the Tezos blockchain.
OKX Global Ad Campaign Argues for a Decentralized Future
Crypto exchange OKX has launched a global ad campaign that argues for the need to rewrite the centralized financial system and embrace the decentralized nature of Web3. Produced in collaboration with BBDO New York, the campaign takes aim at the outdated ways of traditional finance, positioning OKX as a leader in the crypto space.
Revolut Introduces Crypto Staking to UK and EEA
This week, Revolut's "soft testing" staking function will launch.
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.
Web3 Running App STEPN Launches NFT Sneakers with STEPN
Move-to-earn Web3 running app STEPN has partnered with ASICS to release a limited edition of "STEPN x ASICS NFT Sneaker" Mystery Box Collection.
Music streaming platform Spotify expands its Web3 efforts
Android users in the US, UK, Germany, Australia, and New Zealand may now access the playlists.
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 and Optimism Synergy: opBNB Mainnet Launches with a Vision for a Billion Web3 Users
The opBNB Mainnet, an Ethereum Virtual Machine (EVM)-compatible Layer 2 chain, has gone live on September 13, 2023. Launched on June 19, it has seen over 35 million transactions and connections to 435,972 wallet addresses. The Mainnet offers reduced gas fees, trustless security protocols, and improved user experience. Post-launch, opBNB focuses on strengthening network resilience and decentralization, fostering an integrated ecosystem for developers.
nCore Games Raises $10M in Funding, Ready for New Web3.0 Offerings
Indian gaming startup nCore Games has raised $5.5 million in new funding round as it prepares to integrate Web3.0 and metaverse related offerings.
Animoca Brands Partners with Blockpass to Enhance Web3 Security and Compliance
Animoca Brands aligns with Blockpass in a strategic partnership to bolster Web3 security, aiming to set new standards in user verification and regulatory compliance.
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.
Multicoin Capital's Vision for 2024: Embracing AI, Crypto, and Web3 Innovations
Multicoin Capital's 2024 outlook highlights the transformative role of AI, stablecoins, and innovative token distribution in the crypto and blockchain landscape. The firm foresees significant advancements in remittances, social applications, and various sectors integrating crypto as a foundational element.
Digital Wallet Omni Raises $11m in Seed Funding
On September 7, digital wallet Omni (formerly known as Steakwallet) raised $11 million in seed funding at a $50 million valuation.
Binance Labs Invests in Memeland's MEME Token: Here is Why
Binance Labs invests in Memeland's MEME Token, bolstering SocialFi and meme culture, sparking significant market interest and growth.
Solana Apps May Soon be Ported to Cosmos Ecosystem
Developers can soon test their Solana Web3 apps for use in Cosmos ecosystem via Injective’s layer-2 testnet, which uses Solana’s Sea Level Virtual Machine. The new layer was created with Eclipse’s help.
DFINITY Unveils $20 Million ICP Asia Alliance to Propel Web3 Adoption
DFINITY Foundation launches the ICP Asia Alliance and a $20 million fund on September 28, 2023, to accelerate Web3 and AI adoption in Asia. The alliance aspires to unite diverse stakeholders, foster innovation, and catalyze the growth of the Internet Computer blockchain across the region, underlined by the establishment of multiple ICP.Hubs and strategic partnerships.
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.
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 to Pioneer Web3 Financing Platform for SMEs in the Greater Bay Area
NPC delegate Wu Jiezhuang proposes the creation of a Web3 financing platform in the Greater Bay Area to foster SME innovation and international expansion.
Mastercard Launches Web3 Crypto Solution
Mastercard has launched a Web3 solution called the "Mastercard Crypto Credential" aimed at improving user verification standards in the digital asset space. The solution offers users a unique identifier, helping them to verify that an address has been vetted by Mastercard and operating in compliance with the firm's standards. Partnerships with crypto wallet providers and blockchains were also announced.
OKX Global Ad Campaign Targets Outdated Financial Systems
OKX's global ad campaign calls for a rewrite of the centralized financial system, seemingly taking a dig at Coinbase's "update the system" campaign. OKX argues that the decentralized nature of Web3 means consumers don't need centralized players. The campaign was produced in collaboration with BBDO New York, OKX's advertising agency.
Animoca Brands Confirms New $110m Funding Round
Blockchain gaming and investment company, Animoca Brands has raised new capital worth $110 million from the issuance of convertible notes.
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.
Microsoft developing Web3 wallet for Edge browser
Microsoft is reportedly creating a Web3 wallet for its Edge browser that supports both cryptocurrencies and NFTs. The wallet is said to be noncustodial, with no access to passwords or recovery keys, and will feature integration with crypto exchange Coinbase and Web3 infrastructure firm MoonPay.
Africa Web3 Gaming Publisher Carry1st Raises $27M
Carry1st raised $27 million to expand its African publishing and digital content development platform. The additional money will enhance Pay1st's monetization-as-a-service platform. Africa is a fast-growing digital asset market.
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.
Arbitrum Foundation and Fracton Ventures Ally to Boost Arbitrum Adoption in Japan
The Arbitrum Foundation has formed a strategic partnership with Fracton Ventures to launch Arbitrum Japan, aiming to accelerate blockchain technology adoption and expand the Arbitrum ecosystem in the country. This alliance is poised to generate new business avenues, especially in finance and entertainment sectors, and bolster community engagement through educational initiatives.
Nodle's Smartphone-Powered Blockchain Network
Nodle turns cellphones into nodes using Bluetooth to increase IoT adoption.
OKX announced as title sponsor and exclusive NFT ticket distribution partner for the Hong Kong Web3 Festival 2023
OKX, the world’s second-largest crypto exchange by trading volume and leading Web3 technology company, has been named title sponsor and exclusive NFT ticket distribution partner of the Hong Kong Web3 Festival 2023.
Konvoy Ventures Launches $150M Gaming Fund
Konvoy Ventures, a venture capital startup, has announced the launch of its Konvoy Ventures Fund III as it looks to deepen its feet in the Web3.0 gaming ecosystem.
Exclusive: How to Achieve Interoperability Between Polkadot and Bitcoin?
Claimed as the candidate of Decentralized Web 3.0 Blockchain interoperability platform, what makes Polkadot so popular? We are glad to speak with Jack Platts, Head of Collaborations of Web3 Foundation to share with us how Polkadot is interoperable with Bitcoin! He also explains the GRANDPA protocol of Polkadot and how Polkadot can interact with Ethereum!
GRT, BTT, AVAX Prices Gain Over 150% As Best Cryptocurrency Gainers For The Week
This article takes a look at the top cryptocurrency gainers for the week - The Graph Token (GRT), BitTorent (BTT) and Avalance (AVAX).
Polkadot (DOT) Continues on Bullish Momentum, Becoming the Sixth-Largest Crypto by Market Cap
The Polkadot (DOT) token was invited to major exchanges earlier this week and has recorded an ROI of more than 80 percent in the past four days.
Is Ethereum the Future of DeFi? Scalability and Cost Issues Open Door for Cardano and Polkadot
As Ethereum continues to struggle with scalability and cost—traders continue to question the limitations of the Ethereum network and whether it really is the future of Defi.
Ethereum Killers: Emerging Smart Contract Platforms to Rival ETH Dominance
While Ethereum dominance in decentralized finance (DeFi) cannot be denied, rival smart contract platforms the Ethereum Killers note significant value growth as well.
Polkadot: A Decentralized Center for Specialized Blockchain Interoperability
Polkadot could be one of the most carefully crafted blockchain projects to date, allowing for better coordination and communication between blockchains.
Paris Blockchain Week Summit Announces Its 2020 Speaker Lineup
Paris, France - January 16th, 2020 - Paris Blockchain Week Summit (PBWS), the first international conference held in France dedicated to professionals in the blockchain and crypto-assets space, has announced the primary speaker lineup for its upcoming event on March 31 - April 1, 2020.