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Web3
Web3, or Web 3.0, represents the next generation of internet technology, integrating blockchain and cryptocurrencies into everyday online interactions. It's a decentralized online ecosystem where users have control over their data and transactions. Web3 is powered by blockchain networks, providing transparency, security, and trust. It's a key concept in the crypto world, involving various people, from developers and investors to everyday users. Companies are leveraging Web3 to create decentralized applications (dApps), offering users new ways to interact online. Crypto exchanges play a crucial role in Web3, facilitating the trading of digital assets and tokens that fuel the ecosystem. Web3 represents a paradigm shift, offering opportunities for investment, innovation, and the potential to reshape the internet.
Microsoft Taps Space and Time to Add Live Blockchain Data for Azure Cloud
Microsoft (MSFT) and decentralized data platform Space and Time are working together to make real-time blockchain data available to developers directly from the Microsoft Azure Marketplace. This comes as Yoz Labs, a Web3 notification platform, has raised $3.5 million to further its aim to make scalable messaging rails that would enable developers to send immediate on-chain notifications directly to users.
Metaverse-Focused Gala Games to Airdrop Version 2 Tokens in May
A new version of the native tokens of metaverse-focused Gala Games will be airdropped to users on May 15, developers said in a blog post on Tuesday. "The Hash" panel discusses the larger implications for Web3 gaming and digital ownership.
Lamina1 CEO on Mainstream Adoption of the Metaverse
Lamina1 is a layer one blockchain ecosystem that’s set on providing the infrastructure for Web3 developers to build the “Open Metaverse.” During CoinDesk's "Projects To Watch" week, Lamina1 CEO Rebecca Barkin discusses mainstream adoption of the metaverse, noting it will rely on a "cultural movement."
Crypto Exchange Bitget Launches $100M Fund Targeting Asia-Focused Web3 Startups
Seychelles-based crypto exchange Bitget has started a $100 million fund targeting Web3 startups as Asian countries build a framework for developing Web3. "The Hash" panel discusses the potential outcomes and the future of crypto in Asia.
Japan Greenlights White Paper to Promote Web3 Growth in the Country
Japan's ruling Liberal Democratic Party's Web3 project team has published a white paper laying out recommendations for growing the country’s industry. CoinDesk Executive Director of Global Content Emily Parker weighs in on the state of Web3 adoption in Japan and the regulatory headwinds in the U.S.
How Decentralized Threads Build Web3
The Computing Sector includes assets that serve as platforms to decentralize the traditional web services that have played a prominent role throughout Web2 computing.
Polygon ZkEVM Mainnet Beta Goes Live; Ethereum’s Buterin Sends First Transaction
Ethereum scaling platform Polygon released its zero-knowledge Ethereum Virtual Machine (zkEVM) beta to the public, and Ethereum blockchain's co-founder Vitalik Buterin was granted the privilege of initiating the first transaction. Polygon co-founder Sandeep Nailwal discusses the zkEVM technology and how the company is pushing for mainstream adoption of Web3 with recent partnerships.
Argentinian Airline Integrates Web3 by Issuing Tickets as NFTs
Argentinian low-cost airline Flybondi is integrating Web3 into its ticketing process by issuing e-tickets as non-fungible tokens (NFTs). "The Hash" panel discusses the convenience of an NFT ticketing process and the outlook on Web3 adoption around the globe.
Brands Like Dolce and Gabbana Participate in Metaverse Fashion Week
Luxury brands like Dolce and Gabbana are participating in this week's Metaverse Fashion Week on Decentraland. This comes as Disney reportedly lays off its metaverse team. Journey Chief Metaverse Officer Cathy Hackl discusses fashion in the metaverse and the outlook for Web3 amid crypto winter.